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Calendar of economic events for the week

Calendar of economic events for the week

23 March 2022
DateTimeEventComment
23.03.2022
10-00 МСК
Consumer Price Index (CPI) (Y/Y) (Feb)
The Consumer Price Index (CPI) measures the change in prices of goods and services. The CPI measures the change from the consumer’s point of view. This is a key way to measure changes in purchasing trends and inflation in the UK. Indicators higher than expected are seen as a positive/bullish direction of the GBP (a common way to combat inflation is to raise rates, which can attract foreign investment), and indicators lower than expected represent a negative/bear market for the GBP.
17-00 МСК
New Home Sales in the USA
New home sales measure the annual level of new residential buildings that were sold during the past month. This report allows us to analyze the strength of the US housing market, which helps to analyze the economy as a whole. Data can be very volatile and change a lot. Indicators higher than expected are seen as positive/bullish for USD, while indicators lower than expected represent a negative/bearish market for USD.
18-30 МСК
Crude oil reserves in the USA
Crude oil reserves of the Energy Information Agency (EIA) determines the weekly increase in barrels of commercial oil available to American firms. The level of inventories affects the price of petroleum products, which in turn have an impact on inflation and other economic forces.
24.03.2022
11-30 МСК
Decision of the Central Bank of Switzerland on the interest rate (Q1)
Statement on the interest rate of the National Bank of Switzerland on short-term interest rates. The decision on which interest rates to set depends mainly on the outlook for growth and inflation. The main goal of the central bank is to achieve price stability. High interest rates attract foreigners who are looking for the best option of “risk-free” income for their money, which can dramatically increase the demand for the country’s currency. Higher-than-expected rates are seen as positive/bullish for CHF, while lower-than-expected rates indicate a negative/bear market for CHF.
11-30 МСК
German Manufacturing Purchasing Managers’ Index (PMI) (march)
The German manufacturing PMI measures the level of activity of purchasing managers in the industrial sector. Any values above 50 indicate an expansion of production, while values below 50 indicate a contraction. It shows prosperity in the industrial sector in Germany. Traders carefully examine these studies, as purchasing managers usually get early access to their company’s performance data, which can be a leading indicator of the overall state of the economy. Higher-than-expected indicators are seen as positive/bullish for EUR, while lower-than-expected indicators represent a negative/bearish market for EUR.
12-30 МСК
UK Composite Purchasing Managers’ Index (PMI)
The composite PMI reflects the level of activity of purchasing managers in both sectors. A value above 50 indicates an expansion of the sector, below 50 indicates a narrowing. Indicators above the expected ones should be considered as a positive/bullish trend for GBP, and below the expected ones – as a negative/bearish trend for GBP.
15-30 МСК
Basic Durable Goods Orders in the USA (m/m) (Feb)
Basic durable goods orders reflect the change in the total volume of new durable goods orders excluding transport. The growth of the indicator shows an increase in the activity of producers. The indicator above the forecast is a positive indicator for the USD, while the data below the forecast negatively affects the USD exchange rate.
15-30 МСК
Number of initial applications for unemployment benefits in the United States
The Unemployment Benefit Application determines the number of people who applied for unemployment benefits for the first time during the past week. These data are collected by the Ministry of Labor, and published in a weekly report. The number of applications for benefits is used to measure the state of the labor market, since an increase means that fewer people are being hired. Weekly data is quite volatile. As a rule, a change, at least in the amount of 35,000, signals significant changes in the growth of the number of jobs. Higher-than-expected indicators are seen as a negative/bear market for USD, while lower-than-expected indicators represent a positive/bullish direction for USD.
25.03.2022
10-00 МСК
Retail Sales Volume (m/m) (Feb)
The Retail Sales Index is a monthly measurement of all goods sold by retailers based on a sample of retail stores of different types and sizes in the UK. This is an important indicator of consumer spending, and it also correlates with consumer confidence and is seen as an indicator of the development pace of the UK economy. Higher-than-expected indicators are seen as positive/bullish for the GBP, while lower-than-expected indicators represent a negative/bearish market for the GBP.
12-00 МСК
German IFO Business Climate Index (March)
The German Business Climate Index measures business sentiment and business conditions in Germany. The data is taken from a survey of about 7,000 companies. Higher-than-expected indicators are seen as positive/bullish for EUR, while lower-than-expected indicators represent a negative/bearish market for EUR.
17-00 МСК
United States Pending Home Sales Index (m/m) (Feb)
Pending Home Sales Index (PHSI) measures changes in housing contract activity. This is the leading indicator of activity in the real estate market. It is based on signed real estate contracts for existing single-family homes, apartments and cooperatives. A signed contract is not considered a sale until the end of the transaction. The index does not include new construction in the data Indicators higher than expected are seen as positive/bullish for USD, while indicators lower than expected represent a negative/bearish market for USD.
28.03.2022
15-30 МСК
Balance of foreign trade in goods (Feb)
29.03.2022
03-30 МСК
Retail Sales volume in Australia (m/m) (Feb)
The Retail Sales Index is a monthly measurement of all goods sold by retailers based on a sample of retail stores of different types and sizes in Australia. This is an important indicator of consumer spending, and it also correlates with consumer confidence and is seen as an indicator of the development pace of the Australian economy. Higher-than-expected indicators are seen as positive/bullish AUD direction, while lower-than-expected indicators represent a negative/bearish market for AUD.
17-00 МСК
CB Consumer Confidence Index in the USA (March)
The consumer confidence index reflects the level of consumer confidence in economic activity. This is a leading indicator that predicts consumer spending, which is part of economic activity. High indicators show consumer optimism. The indicator above the forecast is a positive indicator for the USD, while the data below the forecast negatively affects the USD exchange rate.
17-00 МСК
JOLTS Job Opening (Feb)
Date23.03.2022
Time10-00 МСК
EventConsumer Price Index (CPI) (Y/Y) (Feb)
CommentThe Consumer Price Index (CPI) measures the change in prices of goods and services. The CPI measures the change from the consumer’s point of view. This is a key way to measure changes in purchasing trends and inflation in the UK. Indicators higher than expected are seen as a positive/bullish direction of the GBP (a common way to combat inflation is to raise rates, which can attract foreign investment), and indicators lower than expected represent a negative/bear market for the GBP.
Date23.03.2022
Time17-00 МСК
EventNew Home Sales in the USA
CommentNew home sales measure the annual level of new residential buildings that were sold during the past month. This report allows us to analyze the strength of the US housing market, which helps to analyze the economy as a whole. Data can be very volatile and change a lot. Indicators higher than expected are seen as positive/bullish for USD, while indicators lower than expected represent a negative/bearish market for USD.
Date23.03.2022
Time18-30 МСК
EventCrude oil reserves in the USA
CommentCrude oil reserves of the Energy Information Agency (EIA) determines the weekly increase in barrels of commercial oil available to American firms. The level of inventories affects the price of petroleum products, which in turn have an impact on inflation and other economic forces.
Date24.03.2022
Time11-30 МСК
EventDecision of the Central Bank of Switzerland on the interest rate (Q1)
CommentStatement on the interest rate of the National Bank of Switzerland on short-term interest rates. The decision on which interest rates to set depends mainly on the outlook for growth and inflation. The main goal of the central bank is to achieve price stability. High interest rates attract foreigners who are looking for the best option of “risk-free” income for their money, which can dramatically increase the demand for the country’s currency. Higher-than-expected rates are seen as positive/bullish for CHF, while lower-than-expected rates indicate a negative/bear market for CHF.
Date24.03.2022
Time11-30 МСК
EventGerman Manufacturing Purchasing Managers’ Index (PMI) (march)
CommentThe German manufacturing PMI measures the level of activity of purchasing managers in the industrial sector. Any values above 50 indicate an expansion of production, while values below 50 indicate a contraction. It shows prosperity in the industrial sector in Germany. Traders carefully examine these studies, as purchasing managers usually get early access to their company’s performance data, which can be a leading indicator of the overall state of the economy. Higher-than-expected indicators are seen as positive/bullish for EUR, while lower-than-expected indicators represent a negative/bearish market for EUR.
Date24.03.2022
Time12-30 МСК
EventUK Composite Purchasing Managers’ Index (PMI)
CommentThe composite PMI reflects the level of activity of purchasing managers in both sectors. A value above 50 indicates an expansion of the sector, below 50 indicates a narrowing. Indicators above the expected ones should be considered as a positive/bullish trend for GBP, and below the expected ones – as a negative/bearish trend for GBP.
Date24.03.2022
Time15-30 МСК
EventBasic Durable Goods Orders in the USA (m/m) (Feb)
CommentBasic durable goods orders reflect the change in the total volume of new durable goods orders excluding transport. The growth of the indicator shows an increase in the activity of producers. The indicator above the forecast is a positive indicator for the USD, while the data below the forecast negatively affects the USD exchange rate./td>
Date24.03.2022
Time15-30 МСК
EventNumber of initial applications for unemployment benefits in the United States
CommentThe Unemployment Benefit Application determines the number of people who applied for unemployment benefits for the first time during the past week. These data are collected by the Ministry of Labor, and published in a weekly report. The number of applications for benefits is used to measure the state of the labor market, since an increase means that fewer people are being hired. Weekly data is quite volatile. As a rule, a change, at least in the amount of 35,000, signals significant changes in the growth of the number of jobs. Higher-than-expected indicators are seen as a negative/bear market for USD, while lower-than-expected indicators represent a positive/bullish direction for USD.
Date25.03.2022
Time10-00 МСК
EventRetail Sales Volume (m/m) (Feb)
CommentThe Retail Sales Index is a monthly measurement of all goods sold by retailers based on a sample of retail stores of different types and sizes in the UK. This is an important indicator of consumer spending, and it also correlates with consumer confidence and is seen as an indicator of the development pace of the UK economy. Higher-than-expected indicators are seen as positive/bullish for the GBP, while lower-than-expected indicators represent a negative/bearish market for the GBP.
Date25.03.2022
Time12-00 МСК
EventGerman IFO Business Climate Index (March)
CommentThe German Business Climate Index measures business sentiment and business conditions in Germany. The data is taken from a survey of about 7,000 companies. Higher-than-expected indicators are seen as positive/bullish for EUR, while lower-than-expected indicators represent a negative/bearish market for EUR.
Date25.03.2022
Time17-00 МСК
EventUnited States Pending Home Sales Index (m/m) (Feb)
CommentPending Home Sales Index (PHSI) measures changes in housing contract activity. This is the leading indicator of activity in the real estate market. It is based on signed real estate contracts for existing single-family homes, apartments and cooperatives. A signed contract is not considered a sale until the end of the transaction. The index does not include new construction in the data Indicators higher than expected are seen as positive/bullish for USD, while indicators lower than expected represent a negative/bearish market for USD.
Date28.03.2022
Time15-30 МСК
EventBalance of foreign trade in goods (Feb)
Comment
Date29.03.2022
Time03-30 МСК
EventRetail Sales volume in Australia (m/m) (Feb)
CommentThe Retail Sales Index is a monthly measurement of all goods sold by retailers based on a sample of retail stores of different types and sizes in Australia. This is an important indicator of consumer spending, and it also correlates with consumer confidence and is seen as an indicator of the development pace of the Australian economy. Higher-than-expected indicators are seen as positive/bullish AUD direction, while lower-than-expected indicators represent a negative/bearish market for AUD.
Date29.03.2022
Time17-00 МСК
EventCB Consumer Confidence Index in the USA (March)
CommentThe consumer confidence index reflects the level of consumer confidence in economic activity. This is a leading indicator that predicts consumer spending, which is part of economic activity. High indicators show consumer optimism. The indicator above the forecast is a positive indicator for the USD, while the data below the forecast negatively affects the USD exchange rate.
Date29.03.2022
Time17-00 МСК
EventJOLTS Job Opening (Feb)
Comment
23 March 2022
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