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Will a New Quarter, Central Bank Detail, NFPs and G20 Analysis Volatility? Oil Prices Extend Bullish Sequence as U. Gold Prices Lower on Shifting Policy Outlook- FOMC Minutes, NFP on Tap. Double Top Taking Shape Below 0. Japanese Yen Technical Analysis: A composite of 12 major leading indices for Japan.

Movements in these indicators are known to precede larger developments in the rest of the economy. The Index includes account inventory ratios, machinery orders, stock prices and other leading economic indicators.

As the aggregate of many leading indices the Leading Economic Index provides a forecast of the future state of the domestic economy and is thought to predict activity A48that will occur months after the reporting period. The index operates on a scale, where a value lower than 50 means that most indictors are negative and a value higher than 50 means most indicators are positive. In both cases a greater distance from the midpoint 50 means that the indicators are more strongly positive or negative.

Measures the current economic activity based on a composite of indicators that track current business conditions in Japan. The headline number is derived by comparing the number of expanding indicators to the total number of indicators used. Included in the index are; the expansion or contraction of industrial production, capacity utilization, retail and wholesale sales, power consumption, non-scheduled work hours, the job-offer rate and operating profits. One of the country's key business sentiment surveys.

The survey is conducted monthly, querying German firms on the current German business climate as well as their expectations for the next six months. As the largest economy in the Euro-zone, Germany is responsible for approximately a quarter analysis the total Euro-Zone GDP. Consequently, the German IFO is a significant economic health indicator for the Euro-zone as a whole. Positive readings bode well for the economy, suggesting increased consumer spending and economic growth. Conversely, low IFO readings may be indicative of economic slowdown.

The index uses as a centerline between positive and negative outlooks; the further the value is from the stronger the sentiment. The survey presents two equally weighted sub-indices: Current Assessment and Business Expectations. The value of orders placed for relatively long lasting goods. Durable Goods are expected to last more than three years.

Such products often require large investments and usually reflect optimism on the part of the buyer that their expenditure will be worthwhile.

Because orders for goods have large sway over the actual production, this figure serves as an excellent forecast of U. Durable Goods are typically sensitive to economic changes.

When consumers become skeptical about economic conditions, sales of durable goods are one of the first to be impacted since consumers can delay purchases of durable items, like cars and televisions, only spending money on necessities in times of economic hardship.

Conversely, when consumer confidence is restored, orders for durable goods rebound quickly. The data is highly volatile as well, some volatility is eliminated with the Durable Goods Orders excluding Transportation figure, making it the more closely watched indicator.

The headline figure is expressed as a percentage change from previous months. The Durable Goods Orders figure is also reported excluding transportation expenditures. Orders for news like civilian vehicles or aircrafts are fairly expensive and fluctuate idiosyncratically, distorting the Durable Goods Orders figure.

Such goods are excluded to provide a better measure of durable goods orders. Need to ask questions to an analyst? Join the US consumer confidence live broadcast. Assessment of consumer sentiment regarding business conditions, employment and personal income. Based forex a representative sample of thousands of mail-in surveys, the Conference Board index has the largest pooling sample of any U.

Consumer Confidence levels are generally linked with consumer spending. For instance, when consumer confidence is on the rise consumer spending tends to increase. Low or falling consumer confidence on the other hand is typically associated with decreased spending and consumer demand. Some analysts criticize the Consumer Confidence figure for its volatile tendencies and weak connection to household expenditure, turning instead to the University of Michigan Consumer Confidence numbers.

The volatility of the Consumer Confidence figure is attributed to two factors: The Conference Board surveys an entirely new group of people each month, resulting in more erratic month to month figures. Additionally, the survey queries respondents on expectations for the following six months, a relatively short term evaluation. Michigan survey will re-poll many individuals and focuses on expectations for the next one to five years. The long term focus has a stabilizing effect on consumer confidence.

Survey results are printed in the headlines where reflects a recent base year. Assesses regional manufacturing conditions for the Richmond Fed District. Based on mail-in surveys from a representative sample of manufacturing plants, the Richmond Fed Index seeks to track industrial performance.

The report puts particular emphasis on inflationary pressures. Though the Richmond Fed Manufacturing Survey is valued for its quick turnaround, it is still released after the ISM survey. As a result, the figure is often used to affirm or question the ISM report, and has little impact on markets. The Richmond Fed Manufacturing Survey also asks manufacturing executives to stress price site. Some markets participants use this data as an early gauge to CPI and PPI reports released a few days later.

A measure of small businesses optimism. As small businesses tend to be more sensitive to business cycle developments, Small Business Confidence can precede or confirm larger economic trends. Small businesses are usually the first to falter during a recession and among the first to prosper during an expansion, so larger trends often appear early in the Small Business sector.

Furthermore, small and medium enterprises make a large contribution to overall GDP, so a weak climate for small business may mean that the overall health of the economy is in jeopardy. Like any measure of business confidence, a high figure for Small Business Confidence will be positive because confidence is usually accompanied by increased business investment that leads to higher levels of output in the future.

Measures the change in prices for goods imported by Germany. The Import Price Index is important in news changes news trade volume versus changes in trade prices. Whereas growth in import volume suggests stronger consumer demand and economic analysis, growth in import prices suggests higher production costs and inflationary pressures. Only when growth in import volume is also complemented by stable import prices can it be indicative of real economic growth.

The headlines are the monthly and annual percentage change in the index. Analysis for costs of homes in the United Kingdom. Mortgage data is used to provide a timely measure of the level of prices. House prices give good information current conditions in the housing market.

The Index can precurse broader inflationary pressures felt in later more market moving reports should housing price pressures feed into consumer prices.

Index for consumer spending in Switzerland. The Consumption Indicator moves with changes in real consumer spending and can be used as a gauge of the strength of domestic demand. A rising indicator value reflects rising consumer spending, which generally leads to economic growth and potentially augur inflationary pressures to come.

The UBS Consumption Indicator is calculated using five specific indicators of spending and expressed in the form of an index. The headline is the index value for the month. Because the index value is always positive markets compare the current index value to the short and long-term average values in order to gauge Switzerland 's economic health.

In the long term the average has been approximately 1. The broadest measure of money supply in use by Euro-zone nations. It includes all currency in circulation, bank deposits, repurchase agreements, debt securities up to 2 years, and the value of money market shares.

A larger money supply reduces the purchasing power of the Euro and puts downward pressure on the exchange rate. However, because an increase in Site leads to price inflation, this figure can also be indicative of the likelihood of future interest rate hikes.

The Euro-zone M3 is reported in headlines as a percent change from the previous month or as a Three Month Average, which smoothes monthly volatility in the money supply. Gauges demand for mortgage application in the US. Tracking new home mortgages and refinances, MBA Mortgage Applications Survey serves at a current indicator for the US housing market. Growth in mortgages suggests a healthy housing market.

Due to the multiplier effect housing has on the rest of the economy, rising activity suggests increased household income and economic expansion. The headline figure is the weekly percentage change in the MBA Mortgage Applications figure. Among the various indices measured in the survey, the purchase index and refinancing index most accurately reflect where the housing market is headed.

The purchasing index measures the change in existing home sales in all mortgage applications, while the refinance index measures the mortgage refinancing activity in all mortgage applications. Join the US trade balance live broadcast. The stock of unsold goods held by wholesalers. Wholesalers act as intermediaries between manufacturers or importers, and retailers.

Wholesalers sell directly to retailers, who strive to act site accordance ideally with consumer demand. Consequently, high Wholesale Inventories indicate that unsold goods are piling up, suggesting that retailers are facing lagging consumer demand and unwilling to purchase goods.

Conversely, declining Wholesale Inventories suggest retailers are buying more goods to meet strong or rising demand. Because Wholesale Inventories reflect the demand retailers have for their manufacturers' wares, the report offers an early indication of the potential strength of consumer spending.

Tracks residential housing contract activity of existing single-family homes. The Pending Home Sales report is an advanced read on trends in the US housing market. Housing is typically correlated to the overall state of the economy; particularly indicative of economic turning points. A sharp drop in housing demand typically acts as a warning signal of economic slowdown as buyers are reluctant to purchase houses when interest rates are high, disposable forex is low, or consumer confidence is low.

Conversely, a rebound in the housing market is often a leading indicator of an economic recovery. The report headline is expressed in percentage change in pending home sales from previous month. The total value of goods and services sold each month at retail outlets. The report serves as a direct gauge of consumption and consumer confidence.

Consumer spending is one of the most important leading indicators for the Japanese economy. An increasing number of sales signal consumer confidence and economic growth, but higher consumption also leads to inflationary pressures. The headline figure they release is a year-on-year percentage change in the nominal value of items sold. The total value of goods sold in large department stores, chain convenience stores, and supermarkets in a particular month.

An increasing number of sales can signal consumer confidence and economic growth, but higher consumption can also leads news inflationary pressures. Retail Sales can be volatile due to seasonal fluctuations in demand. Thus the headline figure is the seasonally adjusted percentage change in sales compared to the previous year. The number of new dwellings sold in the past month. An increase in home sales suggests a growing housing market which will tends to promote the rest of the economy.

New Home Sales confirms trends in housing reports that record earlier stages of construction such as Building Approvals and Construction Work Done and is considered a leading indicator for broader economic developments. The headline figure is the percentage change in housing sales from the previous month. Consumer Confidence measures the level of confidence households have in economic performance.

Generally rising consumer confidence acts as a precursor to higher consumer expenditures which drive economic expansion. The report also breaks down results into parts of the economy, giving a detailed picture of the consumer climate in German.

GfK Consumer Confidence is one of the most closely watched surveys. The survey results are quantified into index where 0 represents long term Consumer Confidence averages. The headline figure is expressed in percentage change. On a technical note: The German Consumer Confidence survey is conducted monthly by GfK, a market research organization, on behalf of the EU commission. The survey results are obtained monthly based on more than consumer interviews about their personal spending patterns, inflationary expectations and opinion on economic outlook.

Then the aggregate result is categorized by German social groups: Join the Eurozone economic confidence live broadcast. An overall gauge of sentiment toward the economy in the Euro-zone. The index is a composite of most of the sector specific surveys done by the European Commission. A high or rising level of Economic Confidence indicates healthy levels of purchasing, business spending, and investment - a positive economic outlook conducive to the strengthening of the economy and the Euro.

Reported in the European Commission's Business and Consumer Surveys, economic confidence brings together 5 confidence indicators with different weights: Gauges current business conditions in the Euro-zone. Based on industrial sector surveys the BCI strives to provide a timely and clear picture analysis business sentiment in the Euro-zone.

A high or rising Business Climate figure generally indicates a healthy economy and business climate; conversely, a low or declining figure signals an unfavorable or worsening economy.

As business and consumer confidence increases we typically see similar increases in investments, production, and consumption and economic growth. A measure of industry sentiment in the Euro-zone nations. Based on a survey among industrial executives, Industrial News asks for production expectations. Specifically the European Commission asks about recent orders and buildup of inventories. Higher levels of industrial confidence indicate a positive outlook for future business spending and capital investment.

Despite the fact that manufacturing accounts for only about a quarter of Euro-zone business, industry accounts for most of the volatility in GDP.

Thus developments here have significant impact on overall growth in Europe. The figure is determined by the difference between positive and negative answers. A headline above zero indicates positive industrial confidence, while a negative number shows negative confidence.

A gauge of business sentiment in the services sector. The figure is derived from a survey asking firms in the service sector about current and expected demand. Since the service sector accounts for roughly two thirds of total Euro-zone GDP, Services Confidence provides an important confirmation of the health for the overall economy.

High levels of Services Confidence suggest future upward trends for production and employment. Therefore a headline above zero indicates positive service sector confidence, while a negative number shows negative confidence.

Measures consumer sentiment in the Euro-zone nations. The figure is the result of Euro-zone consumer surveys personal finance, the job market, the likelihood of saving and expectations on the economy. High levels of consumer confidence bode well for the economy, indicating consumers are more likely to increase consumption spurring growth and potentially sparking inflation.

Conversely, low consumer confidence levels suggest decreased spending. Therefore a headline above zero indicates positive consumer confidence, while a negative number shows more negative answers. Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures.

Simply put, inflation reflects a decline in the purchasing power of the Euro in Germanywhere each Euro buys fewer goods and services. CPI is the most popular way to measure changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical German household might purchase.

An increase in the index indicates that it takes more Euros to purchase this same set of basic consumer items.

The German CPI is significant as one of the primary gauges of inflation. As the largest Euro-zone economy, inflation in Germany will contribute significantly to inflation in the Euro-zone and the behavior of the European Central Bank. High or rising inflation acts site a signal to the ECB to raise interest rates, an action which will result in the strengthening of the Euro.

The headline figure for CPI is the percentage change in monthly and annualized percentage term. If the figure increases, then the economy is improving, and thus the dollar tends to strengthen. If the number falls short of expectations or meets the consensus, dollar bearishness may be triggered. This sort of reaction is again tied to interest rates, as traders expect an accelerating economy, consumers will be affected by inflation and consequently interest rates will rise.

However, much like the CPI, a negative change in GDP is more difficult to trade; just because the pace of growth has slowed does not mean it has deteriorated. On the other hand, a better than expected number will usually result in the dollar rising as it implicates that a quickly expanding economy will sooner or later require higher interest rates to keep inflation in check.

Overall though, the GDP has fallen in significance and its ability to move markets since most of the components of the report are known in advance. Due to the untimeliness of this report and because data on GDP components are available beforehand, the actual GDP figure is usually well anticipated.

But given its overall significance GDP has analysis tendency to move the market upon release, acting to confirm or upset economic expectations. Robust GDP growth signals a heightened level of activity that is generally associated with a healthy economy.

However economic expansion also raises concerns about inflationary pressures which may lead to monetary policy tightening. Comprehensive measure of how much consumers spend each month, counting expenditures on durable goods, consumer products, and services. Personal Consumption is a comprehensive measure of GDP; consequently the figure is watched as an indicator for economic trends.

Spending also has direct affect on inflationary pressures. A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation. On the other hand, persistently low Personal Spending may result in decreasing levels of output and an economic downturn.

Because income is either spent or saved, Personal Spending when reported as a percent of income rather than the headline percent change has an inverse relationship to personal saving. Economists watch the growth of Personal Spending in relation to income and saving to determine if consumers are living beyond their means, which would influence levels of borrowing and future consumption.

The PCE figure is released in headlines as a percent change from the previous month. Volatile items like food and energy can fluctuate widely due to seasonal and non-systemic factors. In order to provide a less erratic picture of Personal Consumption, food and energy items are excluded in the PCE core report. Measures changes in the prices of goods and services that are included in US GDP.

The GDP Price Index is an indicator for inflation calculated by comparing the current GDP to GDP in the reference year. A high or rising GDP Price Index, like other indicators of inflation, puts pressure on the Federal Reserve to raise interest rates. The GDP price index differs from other more popular inflation measures like CPI, in that it includes all products accounted for by GDP and does not include the affects of changes in import prices. Furthermore, the report is only released quarterly and forex little site attention because of it lack of timeliness.

The headline figure is the annualized percentage change. The number of new building projects authorized for construction New Zealand. Building Permits, or Building Consents, are issued when a building project has been authorized to begin construction.

Since Building Consents serve as one of the earliest signals of expanded housing supply, the report is a leading indicator for the overall housing market.

Also, because of the news outlays needed for construction projects Building Permits suggests optimism for corporate or consumer spending. Lastly, housing indicators are popular leading indicators due to the multiplier effect that they have on the rest of the economy. The headline is the percentage change in new consents for the month.

Join the Japan site and CPI live broadcast. The percentage of the labor force that is unemployed. A lower jobless rate translates into more income-earning workers and greater consumption. Such increased expenditure accelerates economic growth, but can also heighten inflationary pressures. On the other hand, a higher jobless rate tends to precede lower consumer spending and a contracting economy.

Compares the number of jobs advertised to the number of applications received. The ratio measures the ease or effort in finding employment in the Japanese labor market. A higher ratio reflects a higher number of positions per applicant, usually corresponding to economic expansion. A lower ratio reflects fewer jobs per applicant consequent to economic contraction. A survey of both wage-earning and non-working households, such as those classified as single-member, unemployed, or retired.

The headline figure is the percentage change in average spending per household from the previous year. Increases in analysis spending are favorable for the Japanese economy because high consumer spending generally leads to higher levels of economic growth. Higher spending is also a sign of consumer optimism, as households confident in their future outlook will spend more.

At the same time accelerated growth exerts inflationary pressure, which can lead to interest rate increases in the future. Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI. The headline figure for CPI is the percentage change in the index on a month to month or year to year basis. As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan.

Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Yen more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of site Yen. JPY Tokyo Consumer Price Index Ex-Fresh Food YoY. The volume of items produced in Japan 's mining and manufacturing industries. All products, whether sold domestically or abroad, are included in the calculation of industrial production.

Industrial production is highly sensitive to the forex cycle and can often predict future changes in employment, earnings, and personal income. For these reasons industrial production is considered a reliable leading indicator that conveys information about the overall health of the Japanese economy. The Housing Starts figure reflects the rate of growth in housing construction.

The number of housing starts is an indicator of the strength Japan 's construction sector and a leading indicator for the direction of the economy as a whole. Housing Starts respond quickly to changes in the business cycle, promptly slowing at the onset of a recession and growing at the beginning of an economic boom.

A high Housing Starts figure is generally bullish for the economy, as it indicates overall economic growth. This report provides information on how many orders were received by construction companies to begin work.

The report is compiled into three categories, type of firm private manufacturer, governmentalregion, and type of construction project.

Since orders for construction serve as one of the earliest signals of expanded housing supply, the report is a leading indicator for the overall housing market. Also, because of the high outlays needed for construction projects high Construction Orders also suggest optimism for corporate or consumer spending. Lastly, due to the multiplier effect housing has on the economy; building indicators are popular leading indicators for the rest of the economy.

Measures changes in sales of the German retail sector. Given that consumption makes up a significant portion of German GDP, the Retail Sales figure can act as an indicator of domestic demand. High or rising Retail Sales may spur German consumption, translating into economic growth. However, uncontrolled growth runs the risk of inflationary pressures. Since Germany is a large part of the Euro-zone, German figures may have some impact on the market. The headline figure is expressed in percentage change in the value of sales.

Join the German unemployment live broadcast. The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks. The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant.

Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germanythe Unemployment Rate may not accurately reflect the extent of problems. Summarizes the flow of all goods, services, income, and transfer payments to and from the UK.

The report acts as a gauge for how the UK economy interacts with the rest of the world. CA tracks the trade balance exports and imports for goods and servicesincome payments such as interest, dividends and salaries and unilateral transfers aid, taxes, and one-way gifts. Current account is one of the three components Financial Account, Capital Account and Current Account that make up a country's Balance of Payments, the detailed accounting of all international interactions. Where the other side of the Balance of Payments, Capital and Financial Accounts deal mainly with financial assets and investments, the Current Account gives a detailed breakdown of how the country intermingles with rest of the global economy on a routine, non-investment basis.

A positive value current account surplus records that the flow of capital from these sources into the UK exceeds capital from these sources coming to the country.

A negative value current account deficit means that there is a net capital outflow from these sources. Persistent Current Account deficits may lead to a natural depreciation of a currency, as trade, income and transfer payments usually reflect Pound Sterling leaving the country to make payments in a foreign currency just as underlying surpluses act as an appreciating weight.

An indicator for broad overall growth in the United Kingdom. Robust UK GDP growth signals a heightened level of economic activity, and therefore a high demand for currency.

Economic expansion also raises concerns about inflationary pressure, which generally prompts monetary authorities to increase interest rates. This means that positive GDP readings are generally bullish for a given currency, while negative readings are bearish. The headline figure for UK GDP is an annualized percentage growth rate. The change in capital expenditures made by private firms.

Businesses only invest when they are analysis about future economic growth and expect a profitable return on their investments. Because of this, increased capital expenditures usually reflect a higher level of consumer demand that induces companies to expand their productive capacity.

Current Business Investment usually allow for higher GDP in the future. For these reasons Business Investment may lead economic growth.

The headline number is the percentage change in investment from the previous quarter. CPI is the key gauge for inflation in the Euro Zone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase.

When the CPI is high, it indicates that significant inflationary pressures exist in Euro Zone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range.

The CPI is also expressed as Core CPI, a similar measure that excludes energy and food in the basket of goods for the reason that items are highly volatile forex price and can distort the CPI. Some market participants believe that Core CPI provides a better representation of inflation. The headline figures for the Euro-zone Inflation Index are a monthly and annualized percentage change.

A comprehensive measure of a Canada 's overall production and consumption of goods and services. GDP is a significant report in FX Market, serving as one of the primary indicators of a country's overall economic health.

Robust GDP growth signals a heightened level of economic activity and often a higher demand for news domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may prompt monetary authorities to increase interest rates.

Thus positive GDP readings are generally bullish for the Canadian Dollar, while negative readings are generally bearish. Most production reports that lead to Canadian GDP are released before the official GDP number.

Therefore, actual GDP figures usually confirm expectations. However, an unexpected release can move markets due to the significance of the figure. The average productivity level of Canadian site.

Labour Productivity is calculated by dividing the gross domestic product GDP by the number of hours worked, yielding output per hour, which is the key measure of productivity growth. The availability of better technology and higher levels of education among the workforce are factors commonly attributed to increased productivity. Growth in labour productivity is usually seen as a sign of a healthy economy because higher productivity allows higher output for a fixed population.

Rising Labour Productivity can also offset inflationary pressures associated with economic growth and spending. Economic expansion attributed to increased Labour Productivity will not forex in inflation, meaning that central banks will not need to increase interest rates during times of high growth. The headline figure is the percentage change in output forex hour.

Measures the prices paid by Canadian manufacturers for key raw materials, including resources not produced in Canada. Also known as the Producer Price Index, the RMPI is an early measure of inflation.

Although producers may not pass on changes in raw material prices to consumers immediately, the index will record these cost pressures before they reach the end consumer and affect inflation rates. The headline figure is the percentage change in the price index from the previous month and year. The index includes prices for raw materials like mineral fuels, vegetable products, animal and animal products, wood, ferrous materials, non-ferrous metals, and non-metallic minerals.

Join the US personal income, spending and PCE deflator live broadcast. Broad gauge of employee earnings in the US. Personal Income measures the pre-tax income households receive from employment, investments, and transfer payments. As wages and salaries make up the majority of Personal Income, the figure can provide insight on the US employment situation.

However, because Personal Income is released after the headline employment figure and earnings figures, its impact on the market is muted. The figure is still useful in gauging the purchasing ability of consumers, though, as rising Personal Forex allows for strong consumers spending. Such spending drives output growth and fuels the US economy. A measure of inflation based on changes in personal consumption. Unlike the CPI, which is based on a fixed basket of goods, the Personal Consumption Expenditures PCE Deflator finds the average increase in prices for all domestic personal consumption.

PCE Deflator has been shown to be a more site and consistent gauge of inflation in the US. USD Personal Consumption Expenditure Core MoM. USD Personal Consumption Expenditure Core YoY. Monthly measure of the business conditions based on surveys of purchasing managers across Illinois, Indiana and Michigan.

Released on the last business day of the reporting month, the report's significance has recently declined, with its only significance being that it precedes the more anticipated ISM report. Subsequently, it is used to predict the ISM report as the Chicago survey retains a high correlation with the broader economic release.

Referring to a benchmark of 50, the report is considered to reflect expansion when printing a reading of 50 or higher. Conversely, a reading of 49 and lower would be indicative of contraction. Assesses consumer confidence analysis personal finances, business news and purchasing power based on hundreds of telephone surveys.

Especially valued for its quick turnaround, the University of Michigan Confidence survey is considered one of the foremost indicators of US consumer sentiment. The survey polls a smaller sample of consumers and is less established than the Conference Board Consumer Confidence Index. Declining consumer confidence levels usually accompany any fall income or wages and precede drops in consumer spending.

A low or falling U Mich Sentiment value is considered an early indicator of an economic downturn. As a result, investors, retailers and traders alike all watch the figure for insight into the general health of the economy.

UMich figures have recently preceded turning in overall GDP. The headline figure is calculated by news the percentage of unfavorable replies from the percentage of favorable replies. Data sourced by Thomson Reuters DailyFX provides traders with an easy to use and customizable real-time calendar that updates automatically during announcements.

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DailyFX is the news and education website of IG Group. Sunday, June 25, Monday, June 26, EUR ECB Forum in Sintra With Draghi, BOE's Carney, BOJ's Kuroda. EUR ECB's Draghi and Former FRB Chair Bernanke Gives A Speech. JPY Leading Index A composite of 12 major leading indices for Japan. JPY Coincident Index Measures the current economic activity based on a composite of indicators that track current business conditions in Japan.

Current Analysis and Business Expectations Discuss. The headline figure is expressed as a percentage change from previous months Discuss.

Such goods site excluded to provide a better measure of durable goods orders Discuss. Tuesday, June 27, Survey results are printed in the headlines where reflects a recent base year Discuss. Board Present Situation JUN. USD Richmond Fed Manufacturing Index Assesses regional manufacturing conditions for the Richmond Fed District. Wednesday, June 28, JPY Small Business Confidence A measure of small businesses optimism.

The headlines are the monthly and annual percentage change in the index Discuss. The Index can precurse broader inflationary pressures felt in later more market moving reports should housing price pressures feed into consumer prices Discuss. The Euro-zone M3 is reported in headlines as a percent change from the previous month or as a Three Month Average, which smoothes monthly volatility in the money supply Discuss.

News MBA Mortgage Applications Gauges demand for mortgage application in the US. USD Wholesale News The stock of unsold goods held by wholesalers. The report headline is expressed in percentage change in pending home sales from previous month Discuss. Crude Oil Inventories JUN Gasoline Inventories JUN Distillate Inventory JUN JPY Retail Trade s. MoM The total value of goods and services sold each month at retail outlets.

JPY Retail Trade YoY The total value of goods and services sold each month at retail outlets. JPY Large Retailers' Sales The total value of goods sold in large department stores, chain convenience stores, and supermarkets in a particular month. Thursday, June 29, The headline figure is the percentage change in housing sales from the previous month Analysis.

As business and site confidence increases news typically see similar increases in investments, production, and consumption and economic growth Discuss. A headline above zero indicates positive industrial confidence, while a negative number shows negative confidence Discuss. Therefore a headline above zero indicates positive service sector confidence, while a negative number shows negative confidence Discuss. Therefore a headline above zero indicates positive consumer confidence, while a negative number shows more negative answers Discuss.

The headline figure for CPI is the percentage change in monthly and annualized percentage term Discuss. Forex economic expansion also raises concerns about inflationary pressures which may lead to monetary policy tightening Discuss. In order to provide a less erratic picture of Personal Consumption, food and energy items are excluded in the PCE core report Discuss.

The headline figure is the annualized percentage change Discuss. NZD Building Permits MoM The number of new building projects authorized for construction New Zealand. JPY Jobless Rate The percentage of the labor force that is unemployed. JPY Job-To-Applicant Ratio Compares the number of jobs advertised to the number of applications received.

JPY Household Spending YoY A survey of both wage-earning and non-working households, such as those classified as single-member, unemployed, or retired. JPY National Consumer Price Index YoY Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI.

JPY National Consumer Price Index Ex-Fresh Food YoY Forex will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food forex that can distort overall CPI.

JPY Tokyo Consumer Price Index YoY Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI. JPY Tokyo Consumer Price Index Ex-Fresh Food YoY Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI. JPY Industrial Production MoM The volume of items produced in Japan 's mining and manufacturing industries. Friday, June 30, JPY Annualized Housing Starts The Housing Starts figure reflects the rate of growth in housing construction.

JPY Construction Orders YoY This report provides information on how many orders were received by construction companies to begin work. The headline figure is expressed in percentage change in the value of sales Discuss. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germanythe Unemployment Rate may not accurately reflect the extent of problems Discuss. Persistent Current Account deficits may lead to a natural depreciation of a currency, as trade, income and transfer payments usually reflect Pound Sterling leaving the country to make payments in a foreign currency just as underlying surpluses act as an appreciating weight Discuss.

The headline figure for UK GDP is an annualized percentage growth rate Discuss. The headline figures for the Euro-zone Inflation Index are a monthly and annualized percentage change Discuss.

However, an unexpected release can move markets due to the significance of the figure Discuss. The headline figure is the percentage change in output per hour Discuss. The index includes prices for raw materials like mineral fuels, vegetable products, animal and animal products, wood, ferrous materials, non-ferrous metals, and non-metallic minerals Discuss.

USD Personal Income Broad gauge of employee earnings in analysis US. USD Personal Consumption Expenditure Deflator YoY A measure of inflation based on changes in personal consumption. USD Personal Consumption Expenditure Core MoM A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth.

USD Personal Consumption Expenditure Core YoY A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. Conversely, a reading of 49 and lower would be indicative of contraction Discuss. Current Conditions JUN F.

Forex News: 03/04/2017 - Dollar steady ahead of NFP, Trump-Xi summit