Economic Calendar
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Below is a list of the most important indicators, mainly used in the US economy. But there are also other leading economies such as the UK, Germany, Japan, etc. The publication of indicators of these indicators significantly affects the movement of currency pairs. But not only the numerical value of the indicator is important, but also the ratio between the expected and actual figures in the market.
Main economic news:
CCI – Consumer Confidence Index – CB Consumer Confidence. It is published on the last Tuesday of each month at 14:00 GMT, covers the data of the present month. The consumer confidence index measures the level of consumer confidence in economic activity. To calculate the index, data from a survey of about 5,000 households are taken. When the government guarantees us more jobs, higher wages, and lower interest rates, our confidence and purchasing power increase. Respondents answer questions about their income, assessment of the state of the market and the possibility of increasing their financial well-being. The Federal Reserve takes this indicator into account when setting interest rates. This index is considered an important engine of the market, because Private consumption accounts for two-thirds of the U.S. economy. The growth of the index value is a positive factor for the development of the national economy and leads to the growth of the national currency.
CPI – Consumer Price Index (CPI ). The Consumer Price Index is a basic index created to measure the average level of prices for goods and services (consumer basket) for a certain period in the economy, usually monthly (not including taxes). This is a key way to measure changes in buying and inflation trends. An increase in the CPI indicates inflation. Core-CPI – The US CPI (consumer price index excluding food and energy, spending that depends on seasonal fluctuations) provides a more accurate measurement of the total price. It is published approximately by the 20th of each month at 13:30 GMT. This index is widely used in the economy and is considered an important market engine.
Unemployment Rate – Unemployment rate (United States). Released by the Bureau of Labor Statistics on the first Friday of each month at 13:30 GMT, covers data from the previous month. The unemployment rate determines the percentage of the total workforce that is unemployed but actively looking for work and willing to work in the U.S. The Unemployment Report is the first part of the U.S. Employment Situation Report. The second part of the report refers to the length of the working week and the average hourly wage.
FOMC Meeting (Interest Rate Decision) – Meeting of the Federal Open Market Committee FOMC (Interest Rate Announcement). The meeting of representatives of the Federal Bank of the United States is held 8 times a year. The interest rate decision is published during each meeting (around 19:15 GMT). The Fed (US Federal Reserve) is responsible for managing US monetary policy. This system supervises banks, provides services to government organizations and citizens, and maintains financial stability in the country. In the United States, there are 12 authorized regions (each of which includes several states) represented on the Fed committee. The interest rate of currencies is practically the price of money. The higher the interest rate on a currency, the more people will seek to hold on to that currency in order to buy it and thus strengthen the currency. This is a very important indicator that affects the level of inflation and is a serious driver of the market.
GDP (Gross Domestic Product) – Gross Domestic Product (GDP). GDP is a gross measure of market activity. It represents the monetary value of all goods and services produced in the economy over a given period. This includes consumption, government procurement, investment, and trade balance. GDP is perhaps the most important indicator of a country’s economic health. It is usually measured on an annual basis, but there are also quarterly statistics. The quarterly dynamics of GDP percentages shows the growth rate of the economy as a whole. The U.S. Department of Commerce publishes GDP in 3 modes: initial, preliminary, final. The release of the “Initial Report” appears on the last day of each quarter. A month is followed by a “Preliminary Report” followed by a “Final Report” issued a month later. The most recent GDP data is of relatively high importance to the markets. GDP shows the rate at which a country’s economy is growing (or decreasing). The US GDP report is released on the last day of the quarter at 13:30 GMT, covering data from the previous quarter.
ISM Manufacturing Index – Index of manufacturing activity. The report is released on the first working day of the month at 15:00 GMT, covering the data of the previous month. The Institute for Supply Management (ISM) Manufacturing Activity Index is the result of a monthly survey of more than 400 companies across 20 industries in 50 states. This data is considered a very important and reliable economic indicator. If the index has a value below 50, due to a decrease in activity, it indicates an economic downturn, especially if the trend continues for several months. A reading well above 50 probably indicates a period of economic growth.
MCSI (Michigan Consumer Confidence Index) is the University of Michigan Consumer Confidence Index. Issued by the University of Michigan on the first day of each month, covers data from the previous month. The University of Michigan Consumer Sentiment Index measures the level of consumer confidence in economic activity. It is a leading indicator that predicts consumer spending, which is part of economic activity. The data is taken from a survey of about 500 consumers. Higher readings indicate consumer optimism.
NFP (Changes in non-farm payrolls) – Change in the number of people employed in the non-agricultural sector. Published by the Department of Labor on the first Friday of each month at 15:30 GMT, covers data from the previous month. The data reflects changes in the total number of paid jobs in the United States in any business area, with the exception of: Government employees; Employees of private households; Employees of non-profit organizations that provide assistance to individuals; Farm workers. The non-agricultural sector accounts for approximately 80% of total employment. It produces the entire gross domestic product of the United States. With its help, politicians and economists determine the current state of the economy and predict the future level of economic activity. This is a serious market engine, mainly due to large deviations in forecasting.
Trade Balance – Trade balance. Published by the Department of Commerce in the second week of each month. The Trade Balance Index measures the difference in the sum of exported and imported goods (exports minus imports). It is the largest component of the country’s payments balance. Affects the movement of the country’s currency.
