Reports affecting FX
| 15 June 2010
SWISS Industrial Production
Actual -
Forecast -6.30%
Previous 6.40%
The Industrial Production measures the change in the total outputs of the Swiss factories, mines, and utilities. It gives us a good indicator of strength in the manufacturing sector. It can be a leading indicator of manufacturing employment, average earnings, and personal income.
A higher than expected reading should be taken as positive/bullish for the CHF, while a lower than expected reading should be taken as negative/bearish for the CHF.
Importance: Medium
Source Of Report: Federal Statistical Office
Release URL: http://www.bfs.admin.ch/bfs/portal/de/index/themen/06.html
03:30 CHF Interest Rate Decision
Actual -
Forecast 0.25%
Previous 0.25%
The Swiss National Bank (SNB) decision on short term interest rate. The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency. A higher than expected rate is positive/bullish for the CHF, while a lower than expected rate is negative/bearish for the CHF.
Importance: High
Source Of Report: Swiss National Bank
Release URL: http://www.snb.ch/en/iabout/monpol/id/monpol_2010
04:30 EUR ECB Monthly Report
Actual -
Forecast
Previous
The ECB (European Central Bank) report provides monthly information regarding money market interests, growth outlook, saving trends and various economic issues. It is released monthly, 7 days after the Interest Rate Decision release.
Importance: Medium
Source Of Report: European Central Bank
Release URL: http://www.ecb.int/pub/mb/html/index.en.html
04:30 GBP Retail Sales (MoM)
Actual -
Forecast 0.10%
Previous 0.30%
The Retail Sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the UK. It is an important indicator of consumer spending and also correlated to consumer confidence and considered as a pace indicator of the UK economy. A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
Importance: High
Source Of Report: National Statistics
Release URL: http://www.statistics.gov.uk/cci/nugget.asp?id=256
06:00 GBP CBI Industrial Trends Orders
Actual -
Forecast -15.00
Previous -18.00
The Confederation of British Industry (CBI) Industrial Trends Orders measures the economic expectations of the manufacturing executives in the UK. It's a leading indicator of business conditions. Above 0 indicates order volume is expected to increase, below indicates expectations are for lower volume. Higher reading indicates optimism among manufacturers. The reading is concluded from a survey of about 550 manufacturers. A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
Importance: Medium
Source Of Report: Confederation of British Industry
Release URL: http://www.cbi.org.uk/
08:30 CAD Wholesale Sales (MoM)
Actual -
Forecast 0.40%
Previous 1.40%
The Wholesale Sales measures the change in the worth of sales by wholesalers. It's a leading indicator of consumer spending. Higher readings indicate increase in retail trade and consumption A higher than expected reading should be taken as negative/bearish for the CAD, while a lower than expected reading should be taken as positive/bullish for the CAD.
Importance: Medium
Source Of Report: Statistics Canada
Release URL: http://www.statcan.ca/menu-en.htm
08:30 USD CPI (MoM) USD
Actual -
Forecast 0.10%
Previous 0.00%
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation in the US. A higher than expected reading should be taken as positive/bullish for the USD (as the common way to fight inflation is raising rates, which may attract foreign investment), while a lower than expected reading should be taken as negative/bearish for the USD.
Importance: High
Source Of Report: U.S Bureau of Labor Statistics - Department of Labor
Release URL: http://www.bls.gov/cpi/
08:30 USD Initial Jobless Claims
Actual -
Forecast 450.00K
Previous 456.00K
The Initial Jobless Claims is a seasonally adjusted measure of the number of people who file for unemployment benefits for the first time during the given week. This data is collected by the Department of Labor, and published as a weekly report. The number of jobless claims is used as a measure of the health of the job market, as a series of increases indicates that there are fewer people being hired.
On a week-to-week basis, claims are quite volatile. Usually, a move of at least 35K in claims, is required to signal a meaningful change in job growth. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
Importance: High
Source Of Report: Department of Labor
Release URL: http://www.dol.gov/opa/media/press/eta/ui/current.htm
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