Location: United States
Date: 03/12/2014
Time: 19:00
Strength: 2/3
Previous:
Notes: The Beige Book reports on the current US economic situation. Through interviews with key business contacts, economists, market experts, and other sources are gathered by each of the 12 Federal Reserve Districts. The survey gives a picture of the overall US economic growth. An optimistic view of those authorities is considered as positive, or bullish for the USD, whereas a pessimistic view is considered as negative, or bearish for the Dollar.
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Wednesday, December 03, 2014
US Fed's Beige Book
CA BoC Interest Rate Decision
Location: Canada
Date: 03/12/2014
Time: 15:00
Strength: 3/3
Previous: 1%
Notes: BoC Interest Rate Decision is announced by the Bank of Canada. If the BoC is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the CAD. Likewise, if the BoC has a dovish view on the Canadian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.
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US ISM Non-Manufacturing PMI
Location: United States
Date: 03/12/2014
Time: 15:00
Strength: 3/3
Previous: 57.1
Notes: The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector. It is worth noting that the non-manufacturing sector does not influence, either positively or negatively, the GDP as much as the ISM Manufacturing does. A result above 50 is positive (or bullish) for the USD.
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CA BOC Rate Statement
Location: Canada
Date: 03/12/2014
Time: 15:00
Strength: 3/3
Previous:
Notes: This statement is the primary medium used by the Bank of Canada (BoC) to communicate with investors about monetary policy decisions, specifically those regarding interest rates.
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US Markit Services PMI
Location: United States
Date: 03/12/2014
Time: 14:45
Strength: 2/3
Previous: 57.1
Notes: The Services Purchasing Managers Index (PMI) released by Markit Economics captures business conditions in the services sector. As the services sector dominates a large part of total GDP, the services PMI is an important indicator of the overall economic condition in US. A result above 50 signals is bullish for the USD, whereas a result below 50 is seen as bearish.
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US Markit PMI Composite
Location: United States
Date: 03/12/2014
Time: 14:45
Strength: 2/3
Previous: 57.2
Notes: The PMI monthly Composite Reports on Manufacturing and Services, released by Markit Economics, are based on a large number of business executives in private sector manufacturing and services companies. Data is usually released on the third working day of each month. Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs. Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month. From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction).
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US Markit Services PMI
Location: United States
Date: 03/12/2014
Time: 14:45
Strength: 2/3
Previous: 57.1
Notes: The Services Purchasing Managers Index (PMI) released by Markit Economics captures business conditions in the services sector. As the services sector dominates a large part of total GDP, the services PMI is an important indicator of the overall economic condition in US. A result above 50 signals is bullish for the USD, whereas a result below 50 is seen as bearish.
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US ADP Employment Change
Location: United States
Date: 03/12/2014
Time: 13:15
Strength: 2/3
Previous: 230K
Notes: The Employment Change released by the Automatic Data Processing, Inc is a measure of the change in the number of employed people in the US. Generally speaking, a rise in this indicator has positive implications for consumer spending, stimulating economic growth. So a high reading is traditionally seen as positive, or bullish for the USD, while a low reading is seen as negative, or bearish.
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US MBA Mortgage Applications
Location: United States
Date: 03/12/2014
Time: 12:00
Strength: 2/3
Previous: -4.3%
Notes: The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered as a leading indicator of the U.S Housing Market. A Mortgage growth represents a healthy housing market that stimulates the overall US economy. Normally, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
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US MBA Mortgage Applications
Location: United States
Date: 03/12/2014
Time: 12:00
Strength: 2/3
Previous: -4.3%
Notes: The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered as a leading indicator of the U.S Housing Market. A Mortgage growth represents a healthy housing market that stimulates the overall US economy. Normally, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
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UK Autumn Forecast Statement
Location: United Kingdom
Date: 03/12/2014
Time: 11:15
Strength: 3/3
Previous:
Notes: Autumn Forecast Statement is is one of the two statements HM Treasury makes each year to Parliament upon publication of economic forecasts. This document provides an updated economic outlook and previews the government's budget for the coming year, including expected spending and income levels, borrowing levels, and financial objectives. It also contains comments on the latest independent economic forecasts prepared by the OBR.
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EMU Gross Domestic Product s.a. (YoY)
Location: European Monetary Union
Date: 03/12/2014
Time: 10:00
Strength: 3/3
Previous: 0.7%
Notes: The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).
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EMU Retail Sales (YoY)
Location: European Monetary Union
Date: 03/12/2014
Time: 10:00
Strength: 2/3
Previous: 0.6%
Notes: The Retail Sales released by the Eurostat is a measure of changes in sales of the Euro zone retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. Usually, the positive economic growth anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.
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EMU Gross Domestic Product s.a. (QoQ)
Location: European Monetary Union
Date: 03/12/2014
Time: 10:00
Strength: 2/3
Previous: 0.2%
Notes: The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish ).
#END
UK Markit Services PMI
Location: United Kingdom
Date: 03/12/2014
Time: 09:30
Strength: 2/3
Previous: 56.2
Notes: The PMI service released by both the Chartered Institute of Purchasing & Supply and the Markit Economics is an indicator of the economic situation in the UK services sector. It captures an overview of the condition of sales and employment. It is worth noting that the UK service sector does not influence, either positively or negatively, the GDP as much as the Manufacturing PMI does. Traders want the highest possible reading as that will be taken as positive for the GBP. Any reading above 50 signals expansion, while a reading under 50 shows contraction.
#END
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