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Economic Weekly Calendar:5 June- 9 June'17

 

Monday, 5 June, 01:30pm (Local time)

Purchasing Managers' Index (PMI) (GBP)

Impact Level: High

It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

Monday, 5 June, 07:00pm (Local time)

ISM Non-Manufacturing PMI (USD)

Impact Level: High

It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

Tuesday, 6 June, 09:30am (Local time)

Reserve Bank of Australia (RBA) (AUD)

Impact Level: High

Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.

Tuesday, 6 June, 09:30am (Local time)

Reserve Bank of Australia (RBA) (AUD)

Impact Level: High

It's among the primary tools the RBA Reserve Bank Board uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

Wednesday, 7 June, 06:30am (Local time)

Gross Domestic Product (GDP) (AUD)

Impact Level: High

It's the broadest measure of economic activity and the primary gauge of the economy's health.

Wednesday, 7 June, 07:30pm (Local time)

Energy Information Administration (EIA) (USD)

Impact Level: High

It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods.

Thursday, 8 June, 06:30am (Local time)

International Trade in Goods and Services (AUD)

 Impact Level: High

Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

Thursday, 8 June, Tentative (Local time)

Customs General Administration of China (CGAC) (CNY)

 Impact Level: High

Export demand and currency demand are directly linked because foreigners usually buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

Thursday, 8 June, All day (Local time)

General Election, House of Commons Election (GBP)

 Impact Level: High

Voters will elect 650 members to the United Kingdom's Lower House of Parliament, from which a government will be formed. The winners will likely be projected before the official vote count is announced, based on early vote counts and exit polling.

Thursday, 8 June, 04:45pm (Local time)

European Central Bank (ECB) (EUR)

Impact Level: High

Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.

Thursday, 8 June, 05:30pm (Local time)

European Central Bank (ECB) (EUR)

Impact Level: High

It's the primary method the ECB uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

Thursday, 8 June, 5:30pm (Local time)

Jobless Claims, Initial Claims (USD)

Impact Level: High

Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

Thursday, 8 June, 08:15pm (Local time)

Bank of Canada (BOC) (CAD)

Impact Level: High

As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

Friday, 9 June, 01:30pm (Local time)

Factory production (GBP)

Impact Level: High

It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings.

Friday, 9 June, 05:30pm (Local time)

Employment Change (CAD)

Impact Level: High

Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

Friday, 9 June, 05:30pm (Local time)

Unemployment Rate (CAD)

Impact Level: High

Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market condition.


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