United States - Statistics & Facts
For the purpose it will need photovoltaic cells that remain efficient under intense infrared heat radiated from a high-temperature emitter. High unemployment translates to lower average wages and reduced consumer spending. Defense outlays and forecast in the United States from to in billion U.
Weekly Petroleum Status Report
The AIG Performance of Service Index excludes industrial manufacturing sectors that tend to be volatile and seasonal, giving a clean picture of Australia's service sector that accounts for a majority of Aussie GDP. The headline number uses a 50 baseline, where above 50 signifies growth, while a number below 50 shows a contraction in the services sector. Measures the monthly price change of New Zealand 's seventeen main commodity exports.
Given that the exports act as the driving force of New Zealand 's economy, changes in their prices can affect GDP and exchange rates. An increase in export prices may suggest a strengthening of the Dollar as foreigners pay relatively more for New Zealand 's exports.
Conversely, falling export prices may indicate a decline in demand for New Zealand commodities; weakening the exchange rate. The headline value is the percentage change in the index from the previous month. Because the figure measures price changes in commodity goods, it acts as an early indicator of price changes. As such an early indicator the figure is useful in predicting future price direction. The average amount of pre-tax earnings per regular employee, including overtime pay and bonuses.
Though the report does not take into account all sources of household income accumulated wealth and capital gains from financial assets are omitted , Labor Cash Earnings accurately reflects the spending ability of domestic consumers, one of the driving forces behind economic growth.
Because growth in wages fuels higher consumption, rising Labor Cash Earnings generally lead to higher inflation. The number of domestic building permits granted for the month. Strong growth in new approvals and permits indicates a growing housing market. Because real estate generally leads economic developments - housing tends to thrive at the start of booms and wane at the onset of recession - the figure can be used with others to forecast future growth in the economy as a whole.
For this reason Business Approvals is one of eight components used to construct the Conference Board Leading Index, a widely used index to forecast Australia 's economic course. A strong housing market also tends to lead consumer spending.
The headline number is the seasonally adjusted percentage change in new building approvals from the previous month. The German Current Account acts as a gauge for how Germany's economy interacts with the rest of the world. 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, deals 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.
The Current Account tracks the trade balance exports and imports for goods and services , income payments such as interest, dividends and salaries and unilateral transfers aid, taxes, and one-way gifts. A positive value current account surplus records that the flow of capital from these components into Germany exceeds the capital leaving the country.
A negative value current account deficit means that there is a net capital outflow from these sources. Persistent Current Account surpluses may lead to a natural appreciation of a currency, as trade, income and transfer payments usually reflect Euros coming into the country just as underlying deficit act as depreciating weight. There are a number of factors that often work to diminish the impact of the Current Account release on the market.
The report is not very timely, released monthly about two weeks after the reporting period. In addition, many of the components that lead to the final Current Account, such as production and trade figures, are known well in advance.
Lastly, since the report reflect data for a specific reporting month, any significant developments in the Current Account should plausibly have been already felt during that month and not during the release of data.
But due to the significance of German Current Account in tracking foreign exchange developments, the report has a history of moving markets upon release. The headline number is the Current Account balance and the percentage change in the Current Account from the previous month.
Goods and services produced domestically that are sold or awaiting sale outside of Germany. The headline number is the percentage change in the Exports value. Exports are rarely considered in isolation. Rather, they are most often analyzed in comparison to Imports. Generally, excess exports indicate a country's goods are seen as desirable abroad, which signals that this country's currency is relatively weak cheap compared to that of its trading partners and may appreciate in the future due to robust demand.
Represents German domestic demand for foreign goods. The headline number is the percentage change in the value of imports. Imports are rarely considered in isolation. Rather, they are most often analyzed in comparison to Exports. German imports and exports are separated by intra-community trade and extra-community trade.
Intra-community trade covers trade within the EU member countries while Extra-community trade covers trades with the rest of the world.
A strong demand for imports from the Extra-community could lead to a trade deficit that could result in a drop in the currency's value.
The import report aggregates the Intra-community trade and Extra-community trade to provide overall import values. The report is seasonally adjusted to avoid confusion caused by month to month volatility in sales. It is the key gauge for inflation in Switzerland. Simply put, inflation reflects a decline in the purchasing power of the Franc, where each Franc buys fewer goods and services. The CPI calculates the change in the price of a predetermined basket of consumer goods and services.
This basket represents the goods and services that an average household will purchase. The figure is compared to those of the previous month as well as the previous year in order to gauge changes to the costs of living on a month to month and year to year basis.
The headline number is the percentage change either from the previous month's value or the previous year's value. As the key indicator of inflation, a rising CPI may prompt the Swiss National Bank to raise interest rates in attempt to manage inflation and slow economic growth.
Higher interest rates make holding the Franc more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Franc. Reports the cumulative percentage of unemployed individuals in the Euro-zone nations.
A low or falling unemployment rate is associated with increased expenditure, given that more people are employed and have incoming wages. Increased expenditure encourages economic growth, which can spark inflation. The figure acts as a significant indicator of the region's economic activity, particularly because it is released earlier than the GDP. However, because unemployment rates for member countries are released well before the aggregate Euro-zone rate, the figure often receives less attention.
Gauges demand for mortgage application in the US. 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.
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. Reflects the rate of growth in housing construction. Housing Starts act as an indicator measuring the strength of Canada's construction sector and housing market.
Economists also use the figure as a leading indicator for the economy as a whole due to Housing Starts' sensitivity to changes in the business cycle. Housing Starts slow at the onset of a recession and quickly grow at the beginning of an economic boom; consequently, a high Housing Starts figure forecasts strong economic growth. The headline figure is the percentage change in new home starts. The decision to increase, decrease, or maintain the bank set interest rate. A decision to lower rates can spur economic growth while inciting inflationary pressures, whereas rate increases tend to slow down inflation but stymie growth.
The Bank of Canada has an inflation target of one to three percent and they change interest rates accordingly to meet that goal. The Bank of Canada's rate decision has significant influence on financial markets. Changes in rates have a direct impact on interest rates for consumer loans, mortgages, and bond rates.
The BOC issues a statement with every rate announcement. Because the decision itself is usually highly anticipated, the wording of the BOC statement is usually as important if not even more important than the actual interest rate move made by the central bank. The statement contains the Bank's collective outlook on the economy as well as hints about future monetary policy while the change to interest rates is nothing more than a number. The statement provides clues on plans for the future.
When it comes to interest rates, the future direction of rates is usually far more important than its current rat. 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.
The percent of unemployed persons in the labor force. The labor force is the aggregate of employed and unemployed persons. The rate is released as both a seasonally adjusted and unadjusted figure. The seasonally adjusted number is a key indictor of Swiss labor market conditions, significant because of its timeliness and overall market impact. High unemployment translates to lower average wages and reduced consumer spending.
As consumer spending is the majority of total expenditure, rising unemployment often leads to slow economic growth. In addition, high or rising unemployment puts downward pressure on interest rates and leads to a depreciating Franc.
Higher housing prices suggest stronger consumer demand and growth in the housing market. At the same time, higher housing prices that accompany economic expansion often lead to inflationary pressures. The headline number is the percentage change in the index. The New Housing Price Index takes into account the quality and features of the new homes sold. For example, if selling prices for new homes are unchanged, but the features and quality of housing have increased e.
The number of new building projects authorized for construction. The figure is widely used as an indicator for developments in the housing market, since receiving a permit to build is the first step in the construction process. Thus growth in Building Permits reflects growth in the construction sector. Also, due to the high outlays needed for construction projects, an increase in Building Permits suggests corporate and consumer optimism.
Additionally, because leading indicators for the housing market respond quickly to changes in the business cycle, the Building Permit figure can act as a leading indicator for the economy as a whole. The headline is the seasonally adjusted percentage change in Building Permits from the previous month. 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 high 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. The difference between the total value of exports and the total value of imports. A positive figure indicates a trade surplus while a negative value represents a trade deficit. Because Japan 's economy is highly export-led, trade data can give critical insight into developments in Japan 's economy and changes into foreign exchange rates.
A surplus reflects capital flowing into Japan in exchange for Japanese exports, and a deficit means that capital is flowing out of Japan as imports are purchased in larger volumes by Japanese consumers.
A trade surplus will act as an appreciating weight on the Yen, whereas a trade deficit will place downward pressure on the Yen's value. Details in the Trade Balance report itself give useful insight into changing trends regarding Japanese trade. Such developments are especially important for the country, which is an export-oriented economy that has historically experienced large trade surpluses. Any affect on this could have dramatic affect on the domestic economy. The Japanese current account balance, called the Current Account Total, summarizes the flow of goods, services, income and transfers in and out of Japan.
The Current Account is more expansive than the trade balance as it also includes transfer payments, such as foreign aid, and income flows, which are the returns on investments in foreign assets. Nonetheless, the most significant component of the Japanese current account is the trade balance figure. Japan has historically had an export oriented economy and has relied on exports as the engine for overall economic expansion.
Today still, trade surpluses form the foundation of consistent Japanese current account surpluses. The Current Account is useful as a measure of net international trade flows, which directly affect currency values.
A current account surplus reflects Yen flowing into Japan and this puts pressure on Yen to appreciate. On the contrary, a current account deficit means that more Yen are leaving the country from these sources, and this exerts downward pressure on the Yen. The value of all outstanding loans with Japanese banks. Bank lending is important because lending increases with increased business confidence and investment.
It is particularly insightful for the Japanese economy because of the weakness that has plagued the Japanese banking sector. The headline number is for total loans and discounts and is a percentage change from the previous year. Visible Trade differentiates itself from Trade Balance because it does not record intangibles like services, only reporting on physical goods. Because Britain's economy is highly trade driven, Visible Trade data can give critical insight into developments in the economy and into foreign exchange rates.
Negative Visible Trade deficit indicates that imports of goods are greater than exports. When exports are greater than imports, the UK experiences a trade surplus.
Trade surpluses indicate that funds are coming into the UK in exchange for exported goods. Because such exported goods are usually purchased with Pounds, trade surpluses usually reflect currency flowing into Britain, such currency inflows may lead to a natural appreciation of Pound Sterling, unless countered by similar capital outflows.
There are a number of factors that work to diminish the market impact of UK Visible Trade on markets. The report is not very timely, released monthly about forty days after the reporting period. Lastly, since the report reflect data for a specific reporting month, any significant changes in Visible Trade should plausibly have been already felt during that quarter and not during the release of data.
But because of the overall significance of Trade on Foreign Exchange Rates, the figure has a history of being one of the more important reports out of the UK. The headline figure is expressed as the value of the merchandise trade surplus or deficit in billions of Pounds.
A measure of the manufacturing output of the energy sector, factories, and mines. Industrial production is significant as a short term indicator of the strength of UK industrial activity. Industry accounts for about a quarter of overall GDP. Because industrial production accounts for most of the volatility in GDP, foreknowledge of trends in manufacturing go a long way in forecasting UK output.
High or rising Industrial Production figures suggest increased production and economic expansion, healthy for the Pound. In times of inflation the Bank of England may raise interest rates to control growth. CPI assesses changes in the cost of living by measuring changes consumer pay for a set of items. CPI serves as the headline figure for inflation. Simply put, inflation reflects a decline in the purchasing power of the dollar, where each dollar buys fewer goods and services.
In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical American household might purchase. An increase in the Consumer Price Index indicates that it takes more dollars to purchase the same set basket of basic consumer items. Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. To address inflation, the Fed may raise interest rates.
Price changes tend to cause consumers to switch from buying one good to a less expensive-other, a tendency that the fixed-basket CPI figure does not yet account for. Given that the PCE Deflator is a more comprehensive calculation, based on changes in consumption; it is the figure the Fed prefers. The figure is released monthly, as either a month over month annualized percentage change, or percentage change for the full year.
The figure is seasonally adjusted to account seasonal consumption patterns. As long as the Dollar keeps rising, we will definitely see a negative impact on oil prices. If it does, commodities should jump. All tops are big distribution pattern. That alone gives us a bit of a picture.
Dony also says the oil price also follows the stock market… but not like it did years ago. I expect another low next year. It has resistance level of a year or more. It pops up in March, good support at 4. He says that in the ss, the U.
When the dollar crested in because of crushing national debt, commodities roared. Now the greenback has bottomed since In fact, over the last two years, the Big dollar has been rising.
Copper should be taking off to the moon.