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Balance of payments is a set of accounts recording all economic transactions between the residents of the country and the rest of the world in a given period of time, usually one year. Payments into the country are called credits, payments out of the country are called debits. There are three main components of a balance of payments: - current account - capital account - financial account Either a surplus or a deficit can be shown in any of these components. Balance of payments shows strenghts and weaknesses in a country's economy and therefore helps to achieve balanced economic growth. The release of a balance of payments can have a significant effect on the exchange rate of a national currency against other currencies. It is also important to investors of domestic companies that depend on exports. Securities investment, contract basis. Securities investment refers to flows from the public sector excluding Bank of Japan. Bonds include beneficiary certificates but exclude all bills. The Net data shows the difference of capital inflow and outflow.
Lorie K. Logan began serving as the 14th president and CEO of the Federal Reserve Bank of Dallas on August 22, 2022. She represents the Eleventh Feder
The HPI is based on transactions involving conventional and conforming mortgages - only on single-family properties.It is a weighted, repeat-sales index, which means that it measures average price changes in repeat sales or refinancings on the same properties. Percent change from a year earlier, 70 medium and large cities. It is a weighted average calculated by Thomson Reuters. A higher than expected reading should be taken as positive/bullish for the CNY , while a lower than expected reading should be taken as negative/bearish for the CNY.
The Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) is a key economic calendar event for South Korea that gauges the overall confidence and financial outlook of consumers in the country. The index is based on a comprehensive survey conducted by the global research firm Ipsos and data provider Thomson Reuters, which polls thousands of individuals on various aspects of personal financial situations and general economic conditions.
A higher PCSI score indicates increased consumer optimism, which often translates into stronger spending habits and healthier economic growth. Conversely, a lower score suggests more pessimism among consumers, potentially leading to reduced spending and slower economic growth. Investors and policymakers keep a close eye on the PCSI, as changes in consumer sentiment can have significant impacts on the performance of the national economy.
As a forward-looking indicator, the Thomson Reuters IPSOS PCSI offers valuable insights into the future trajectory of the South Korean economy, providing valuable information for traders, businesses, and policymakers to make informed decisions.
The Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) is a monthly economic indicator that measures the overall confidence and sentiment of Indian consumers. The index is based on a survey conducted by research firm IPSOS in collaboration with Thomson Reuters, one of the world's leading providers of economic data and insights.
The PCSI is calculated using a sample of Indian consumers, who are asked about their perceptions and expectations concerning the economy, jobs, personal finances, and their willingness to make major purchases. The survey results are used to calculate the index value, with a higher score indicating stronger consumer confidence and a more optimistic outlook for the economy.
Investors, economists, and policymakers closely monitor the PCSI as it provides valuable insights into India's consumer market, predicting consumer behavior, and its potential impact on the country's economic growth. Changes in the PCSI can affect financial markets, currency exchange rates, and impact decisions on monetary and fiscal policies.
The Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) is a monthly economic calendar event that provides valuable insight into consumer confidence and sentiment in Australia. This important indicator is closely monitored by market analysts, economists, and policymakers, as it has the potential to significantly impact the nation's economy.
Consisting of a comprehensive survey conducted by global research firm IPSOS in partnership with Thomson Reuters, the PCSI measures consumers' current and future outlooks on various economic factors. These include personal finances, employment prospects, investment climate, and overall economic conditions. A higher-than-expected result implies consumer optimism and increased spending, which can positively affect the growth of the Australian economy. Conversely, a lower-than-expected result signifies consumer pessimism, potentially leading to reduced spending and slower economic growth.
As a valuable tool for both short-term traders and long-term investors, the Thomson Reuters IPSOS PCSI is released in the middle of each month, and its results can significantly impact the Australian stock market, currency pair values (such as AUD/USD), and other local financial instruments. Therefore, keeping a close eye on this economic calendar event is crucial for those seeking to assess the health of the Australian economy and adjust their trading strategies accordingly.
The Thomson Reuters IPSOS PCSI, also known as the Primary Consumer Sentiment Index, is a monthly economic calendar event for Japan that measures the overall consumer sentiment in the country. It is an important and widely-watched indicator of consumer confidence, as it offers insights into the Japanese public's perception of the economy and their financial situation.
This index is calculated using a combination of data collected from numerous sources, including surveys and questionnaires conducted by Thomson Reuters and the global research firm IPSOS. These surveys ask a representative sample of the Japanese population about their views on various aspects of the economy, such as personal finance, job security, government policy, and overall economic conditions.
A higher than expected reading of the Thomson Reuters IPSOS PCSI generally indicates increased optimism among consumers, potentially signaling increased spending and a stronger economy. Conversely, a lower than expected reading may be a sign of decreased consumer confidence and potential economic slowdown.
Investors and analysts closely monitor the Thomson Reuters IPSOS PCSI, as it provides valuable information about the country's economic health and can influence government policy as well as financial markets, including currency values and the stock market. Positive consumer sentiment can lead to increased consumer spending, which boosts overall economic growth, while negative sentiment can dampen spending and slow the economy.
The Thomson Reuters Ipsos Monthly Global Primary Consumer Sentiment Index is a composite index of 11 questions that run monthly via online polls in the countries surveyed. The data output is based on the views of a fresh, randomly selected representative sample each month of primary consumers aged 18-64 in the US and Canada and aged 16-62 in other countries. Primary consumers are a comparable, standardized and weighted group in each country based on a minimum level of education and income. The eleven questions capture consumer views on: 1. Current overall economic situation in country 2. Current state of economy in local area 3. Expectations of local economy in six months 4. Current personal financial situation rating 5. Expectations of personal financial situation in six months 6. Comfort in making major purchases 7. Comfort in making other household purchases 8. Confidence about job security 9. Confidence in ability to invest in the future 10. Experience with job loss as a result of economic conditions 11. Expectations of job loss as a result of economic conditions
Inflation Expectations measures the percentage that business managers expect the price of goods and services to change annually during the next two years. The data is released quarterly.
A higher than expected reading should be taken as positive/bullish for the NZD, while a lower than expected reading should be taken as negative/bearish for the NZD.
M3 Money Supply measures the change in the total quantity of domestic currency in circulation and deposited in banks. An increasing supply of money leads to additional spending, which in turn leads to inflation.
Monetary aggregates, known also as "money supply", is the quantity of currency available within the economy to purchase goods and services. Depending on the degree of liquidity chosen to define an asset as money, various monetary aggregates are distinguished: M0, M1, M2, M3, M4, etc. Not all of them are used by every country. Note that methodology of calculating money supply varies between countries. M2 is a monetary aggregate that includes all physical currency circulating in the economy (banknotes and coins), operational deposits in central bank, money in current accounts, saving accounts, money market deposits and small certificates of deposit. Excess money supply growth potentially can cause inflation and generate fears that the government may tighten money growth by allowing the interest rates to rise which in turn, lowers future prices. M2 = Currency in circulation + demand deposits (private sector) + time and savings deposits (private sector).
The Bank of Japan's (BoJ) Monetary Policy Board member, Seiji Tamura, speaks at a pre-decided event. As an influential figure within the Japanese financial landscape, Mr. Tamura's speeches often give insights into the BoJ's current monetary policy stance and economic assessments.
Listeners, especially market participants, closely monitor Mr. Tamura's words for possible hints regarding the direction of future monetary policies. His statements can also shed light on the central bank's approach to tackling inflation, interest rates, and other economic indicators. Subsequently, this event has potential implications for the Japanese yen and related financial markets.
As with any central bank speaker, it is essential to assess Mr. Tamura's comments with a discerning eye, as his views may not always represent the position of the entire monetary policy board. Nevertheless, the event provides valuable information that could help investors and analysts make informed decisions regarding Japanese assets.
Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. A higher than expected reading should be taken as positive/bullish for the THB , while a lower than expected reading should be taken as negative/bearish for the THB.
The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported. A higher than expected reading should be taken as positive/bullish for the PEN , while a lower than expected reading should be taken as negative/bearish for the PEN.
The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation's exports the data can have a sizable affect on the MYR.
A higher than expected reading should be taken as positive/bullish for the MYR, while a lower than expected reading should be taken as negative/bearish for the MYR.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
A higher than expected reading should be taken as positive/bullish for the MYR, while a lower than expected reading should be taken as negative/bearish for the MYR.
The capital and financial account tells how the surplus in the current account is utilized or how the deficit is financed. Thus, a surplus may be reflected in investments abroad or overseas lending or accumulation of reserves. Conversely, a deficit in the current account may be financed by foreign investment inflows or external borrowings or a drawdown on reserve assets. The components making up the financial account are direct investment, portfolio investment and other investment. Direct investments refers to transactions in foreign financial assets and liabilities arising from direct investment abroad and in Malaysia. Portfolio investment reflects net transactions in equity and debt securities in the form of bonds and notes, and money market instruments. Other investments covers all financial transactions in assets and liabilities not recorded under direct investment , portfolio investment and reserve assets.
The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported. A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.
The Car Sales report is an economic calendar event that tracks the monthly sales of motor vehicles in Indonesia. It is an important economic indicator, as it reflects consumer spending and overall trends in consumer confidence. The data can also provide insights into the health of the automotive industry and its contribution to the country's Gross Domestic Product (GDP).
Higher car sales often signal positive consumer sentiment and economic growth, as consumers are more likely to make big-ticket purchases when they feel confident about their financial situation. On the other hand, lower car sales may indicate that consumers are holding back on spending, potentially as a result of economic uncertainty or other factors influencing their disposable income levels.
Policy-makers, investors, and other stakeholders closely monitor car sales data in Indonesia. The government uses this information to make decisions on fiscal and monetary policies that aim to strengthen economic growth and create a stable business environment, while investors assess market trends to inform their investment strategies in the automotive sector and beyond.
The WPI index that measures and tracks the changes in price of all food related goods in the stages before the retail level.
The WPI index that measures and tracks the changes in price of all fuel related goods in the stages before the retail level.
The Wholesale Price Index (WPI) measures the change in the price of goods sold by wholesalers.
The higher this number is the stronger the affect on consumer inflation.
A higher than expected reading should be taken as positive/bullish for the INR, while a lower than expected reading should be taken as negative/bearish for the INR.
The WPI index that measures and tracks the changes in price of all manufacturing related goods in the stages before the retail level.
The Wholesale Price Index (WPI) measures the change in the price of goods sold by wholesalers. It is a leading indicator of consumer price inflation.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
The Wholesale Price Index (WPI) measures the change in the price of goods sold by wholesalers. It is a leading indicator of consumer price inflation.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
The current account is the international flow of money for purposes other than investments. It offers a broad picture of how an economy is managing its finances with the rest of the world. If a country has a deficit in its current account it means that it has a saving deficit. The country is living above its means and is gradually becoming indebted to the world. The current account consists of the net total of: - (BOP) TRADE BALANCE: Export f.o.b. less Imports c.i.f. - (BOP) GENERAL GOVERNMENT: This covers all government current expenditure and receipts not appropriated to trade balance or to other transactions. - (BOP) TRANSPORT: Sea Transport and Civil Aviation: Receipts and payments for passenger fares, freight, charter hire, passage money, oil bunkers, airport charges and other disbursements. - (BOP) TRAVEL: The net value of Personal expenditure from tourism. - (BOP) FINANCIALS AND OTHER SERVICES - (BOP) INTEREST, PROFITS, AND DIVIDENDS - (BOP) TRANSFERS
The End Year Consumer Price Index (CPI) Forecast is an important economic indicator for Turkey. It provides an estimation of the inflation rate by the end of a given year. The inflation rate is an essential component of a country's economy, representing the overall change in the price level of goods and services over a specific period, typically a year.
Investors, policymakers, and businesses pay close attention to the End Year CPI Forecast as it helps them make informed decisions regarding their investment strategies, monetary policies, and pricing adjustments to better cope with potential changes in the inflation rate. Higher inflation rates may lead to increased interest rates and reduced consumer spending, affecting the overall economic growth. Conversely, lower inflation rates can stimulate economic growth through lower interest rates and increased consumption.
Overall, the End Year CPI Forecast serves as a crucial economic tool for Turkey, allowing various stakeholders to anticipate and react to changes in the inflation rate and make necessary adjustments for a stable and growing economy.
Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
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.
Quarterly Gross Domestic Product is calculated at market price (QGDP) and represents final result of production activity for resident productive units. Quarterly Gross Domestic Product at market price is estimated by two methods: a) output method b) expenditure method Main data sources used for quarterly Gross Domestic Product estimation: - statistical sources: short-term surveys regarding industrial production, construction, services, trade; production account for agriculture; short-term surveys regarding earnings and employment - financial-accounting sources: accounting statements of financial institutions; - administrative sources: execution of state budget and local budgets, and of social security budget; balance of payments. The revision of the quarterly accounts data is periodically done, when a new version of yearly national accounts is available. The revision of data has as objective to keep the coherence between the quarterly accounts and the yearly accounts.
The industrial production index is calculated by using the selective method comprising a representative sample of products and services. The evolution of industrial production is established based on the physical volume index, which is calculated from the series of representative products at the level of each industrial branch, and also on the basis of the weight of these products, calculated according to value added, using the Laspeyres-type formula. The industrial production index (IPI) is a volume index of Laspeyres type and measures the evolution results of industrial activities from one period to another.
The consumer price index (CPI) is a measure of change in the general level of prices of goods and services bought by households over a specified period of time. It compares a household's cost for a specific basket of finished goods and services with the cost of the same basket during an earlier benchmark period. The consumer price index is used as a measurement of and is a key economic figure. Likely impact: 1) Interest Rates: Larger-than-expected quarterly increase in price inflation or increasing trend is considered inflationary; this will cause bond prices to drop and yields and interest rates to rise. 2) Stock Prices: Higher than expected price inflation is bearish on the stock market as higher inflation will lead to higher interest rates. 3) Exchange Rates: High inflation has an uncertain effect. It would lead to depreciation as higher prices mean lower competitiveness. Conversely, higher inflation causes higher interest rates and a tighter monetary policy that leads to an appreciation.
The consumer price index (CPI) is a measure of change in the general level of prices of goods and services bought by households over a specified period of time. It compares a household's cost for a specific basket of finished goods and services with the cost of the same basket during an earlier benchmark period. The consumer price index is used as a measurement of and is a key economic figure. Likely impact: 1) Interest Rates: Larger-than-expected quarterly increase in price inflation or increasing trend is considered inflationary; this will cause bond prices to drop and yields and interest rates to rise. 2) Stock Prices: Higher than expected price inflation is bearish on the stock market as higher inflation will lead to higher interest rates. 3) Exchange Rates: High inflation has an uncertain effect. It would lead to depreciation as higher prices mean lower competitiveness. Conversely, higher inflation causes higher interest rates and a tighter monetary policy that leads to an appreciation.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.
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.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.
The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
The Hungarian Industrial Output is a useful indicator of the economy because it is more current compared to the GNP and reported every month. Total Industrial Production includes Mining,Manufacturing, and Energy but it excludes transportation, services, and agriculture which is included in GNP. Industrial Production is generally more volatile than GNP. Changes in the volume of the physical output of the nation's factories, mineand utilities are measured by the index of industrial production. The figure is calculated as a weighted aggregate of goods and reported in headlines as a percent change from previous months. A higher than expected reading should be taken as positive/bullish for the HUF , while a lower than expected reading should be taken as negative/bearish for the HUF.
Net Forward Position= Bank of Thailand s forward obligations to buy (+) or sell;(-) foreign currency against Thai Baht A swap that involves the exchange of principal and interest in one currency for the same in another currency. It is considered to be a foreign exchange transaction and is not required by law to be shown on a company's balance sheet.
Total of a country's gold holdings and convertible foreign currencies held in its central bank. Usually includes foreign currencies themselves, other assets denominated in foreign currencies, and particular amount of special drawing rights (SDRs). A foreign exchange reserve is a useful precaution for countries exposed to financial crises. It can be used for the purpose of intervening in the exchange market to influence or peg the exchange rate. International reserves = Gold Foreign exchange Special Drawing Rights Reserve position in the IMF.
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.
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.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.
The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
Harmonised Index of Consumer Prices, is the same as CPI, but with a joint basket of products for all Eurozone member countries. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
Harmonised Index of Consumer Prices, is the same as CPI, but with a joint basket of products for all Eurozone member countries. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
A higher than expected reading should be taken as positive/bullish for the TWD, while a lower than expected reading should be taken as negative/bearish for the TWD.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.
A higher than expected reading should be taken as positive/bullish for the CZK, while a lower than expected reading should be taken as negative/bearish for the CZK.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.
A higher than expected reading should be taken as positive/bullish for the CZK, while a lower than expected reading should be taken as negative/bearish for the CZK.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health. A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.
A higher than expected reading should be taken as positive/bullish for the PLN, while a lower than expected reading should be taken as negative/bearish for the PLN.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.
The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
The current account is the international flow of money for purposes other than investments. It offers a broad picture of how an economy is managing its finances with the rest of the world. If a country has a deficit in its current account it means that it has a saving deficit. The country is living above its means and is gradually becoming indebted to the world. Current account records the values of the following: - trade balance,exports and imports of goods and services - income payments and expenditure, interest, dividends, salaries - unilateral transfers, aid, taxes, one-way gifts It shows how a country deals with the global economy on a non-investment basis. Positive current account balance is when inflows from its components into the country exceed outflows of the capital leaving the country. Current account surplus may strengthen the demand for local currency. Persistent deficit may lead to a depreciation of a currency.
The Employment Overall event in the Euro Zone economic calendar is closely monitored by market participants, as it provides valuable insight into the labor market's health within the Euro Zone. This event measures the total number of employed individuals within the area's member countries and serves as a key indicator of economic strength and growth.
An increase in employment levels often correlates with higher consumer spending and increased demand for goods and services, which can positively impact the Euro Zone economy. Conversely, a decrease in employment levels can signal a weaker economic environment, possibly leading to lower consumer confidence and reduced spending. Therefore, the Employment Overall event helps investors and policymakers make informed decisions based on the Euro Zone's labor market performance.
Employment data is usually released on a quarterly basis, showing the change in total employment from the previous quarter as well as any revisions of previous figures, if applicable. The markets typically react to the data's release in terms of its impact on the euro currency and European stock markets.