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Calendar of economic events for the week

Calendar of economic events for the week

25 May 2022
DateTimeEventComment
25.05.2022
05-00 МСК
Reserve Bank of New Zealand Interest Rate Decision
Statement on the interest rate of the Reserve Bank of New Zealand 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 NZD, while lower-than-expected rates indicate a negative/bearish market for NZD.
09-00 МСК
GDP of Germany(Q/Q) (Q1)
Gross Domestic Product (GDP) is a general indicator of economic activity and is a key indicator of the economy health. The quarterly dynamics of GDP percent shows the growth rate of the economy as a whole. Higher than expected indicators are seen as positive/bullish for EUR, while lower than expected indicators represent a negative/bearish market for EUR.
15-30 МСК
Basic orders for durable goods in the USA (m/m) (April)
Basic durable goods orders reflect the change in the total volume of new durable goods orders excluding transport. The growth of the indicator represents an increase in the activity of producers. The indicator above the forecast is a positive indicator for USD, while the data below the forecast negatively affects the USD exchange rate.
17-30 МСК
Crude oil inventories in the USA
Crude oil inventories 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.
26.05.2022
15-30 МСК
US GDP (Q/Q) (1Q)
Gross Domestic Product (GDP) is a general indicator of economic activity and is a key indicator of the economy health. The annual (quarterly x4) dynamics of GDP percent shows the growth rate of the economy as a whole. Consumption is by far the largest component of US GDP and has the greatest impact on it. The data can be very volatile and vary greatly from quarter to quarter. Indicators higher than expected are seen as positive/bullish for USD, while indicators lower than expected indicate a negative/bearish market for USD.
15-30 МСК
The number of initial claims 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. This data is 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/bearish market for USD, while lower than expected indicators represent a positive/bullish direction for USD.
15-30 МСК
Core Retail Sales Index in Canada (m/m) (March)
Core retail sales index reflects the monthly volume of all goods sold by retailers in Canada, considering inflation. The data does not include car sales. This is an important indicator of consumer spending, and it is also an indicator of the country’s economic growth. An indicator above the forecast is positive for CAD, while data below the forecast negatively affects the CAD exchange rate.
27.05.2022
04-30 МСК
Retail sales volume in Australia (m/m) (April)
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 for AUD, while lower than expected indicators represent a negative/bearish market for AUD.
09-30 МСК
Employment Rate in Switzerland (Q1)
The employment rate measures the number of people employed in Switzerland for the specified quarter. The growth trend shows strength in the labor market and has a positive impact on consumer spending and, consequently, on economic growth. Higher than expected indicators are seen as a positive/bullish CHF direction, while lower than expected indicators represent a negative/bearish market for CHF.
30.05.2022
11-00 МСК
Consumer Price Index (CPI) in Germany (m/m) (May)
The Consumer Price Index (CPI) in Germany 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 Germany. Higher-than-expected indicators are seen as a positive/bullish direction for EUR (a common way to combat inflation is to raise rates, which can attract foreign investment), and lower-than-expected indicators represent a negative/bearish market for EUR.
31.05.2022
04-30 МСК
China Purchasing Managers’ Index in industrial sector (PMI) (May)
China Purchasing Managers’ Index in industrial sector measures the level of activity of purchasing managers in the manufacturing sector.It is compiled by the China Federation of Logistics & Purchasing (CFLP) and the China Logistics Information Center (CLIC), based on data from the National Bureau of Statistics (NBS). The Li&Fung Research Centre is responsible for the preparation and dissemination of the PMI report in English. Questionnaires are sent out to more than 700 industrial enterprises in China every month. The data presented here reflect the responses of enterprises about their purchases and deliveries. CFLP does not disclose information regarding data collection procedures, and does not disclose data about individual enterprises. PMI should also be compared with other economic sources when data is used in the decision-making process. Indicators above the expected are seen as positive/bullish direction of CNY, and indicators below the expected represent a negative/bearish market for CNY.
12-00 МСК
Eurozone Consumer Price Index (CPI) (Y/Y) (May)
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 Eurozone. Higher-than-expected indicators are seen as a positive/bullish direction for EUR (a common way to combat inflation is to raise rates, which can attract foreign investment), and lower-than-expected indicators represent a negative/bearish market for EUR.
15-30 МСК
GDP in Canada (m/m) (March)
Gross Domestic Product (GDP) is a general indicator of economic activity and is a key indicator of the economy health. Canada publishes new GDP data on a monthly basis. The monthly dynamics of GDP percent shows the growth rate of the economy as a whole. Higher-than-expected indicators are seen as positive/bullish for CAD, while lower-than-expected indicators represent a negative/bearish market for CAD.
Date25.05.2022
Time05-00 МСК
EventReserve Bank of New Zealand Interest Rate Decision
CommentStatement on the interest rate of the Reserve Bank of New Zealand 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 NZD, while lower-than-expected rates indicate a negative/bearish market for NZD.
Date25.05.2022
Time09-00 МСК
EventGDP of Germany(Q/Q) (Q1)
CommentGross Domestic Product (GDP) is a general indicator of economic activity and is a key indicator of the economy health. The quarterly dynamics of GDP percent shows the growth rate of the economy as a whole. Higher than expected indicators are seen as positive/bullish for EUR, while lower than expected indicators represent a negative/bearish market for EUR.
Date25.05.2022
Time15-30 МСК
EventBasic orders for durable goods in the USA (m/m) (April)
CommentBasic durable goods orders reflect the change in the total volume of new durable goods orders excluding transport. The growth of the indicator represents an increase in the activity of producers. The indicator above the forecast is a positive indicator for USD, while the data below the forecast negatively affects the USD exchange rate.
Date25.05.2022
Time17-30 МСК
EventCrude oil inventories in the USA
CommentCrude oil inventories 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.
Date26.05.2022
Time15-30 МСК
EventUS GDP (Q/Q) (1Q)
CommentGross Domestic Product (GDP) is a general indicator of economic activity and is a key indicator of the economy health. The annual (quarterly x4) dynamics of GDP percent shows the growth rate of the economy as a whole. Consumption is by far the largest component of US GDP and has the greatest impact on it. The data can be very volatile and vary greatly from quarter to quarter. Indicators higher than expected are seen as positive/bullish for USD, while indicators lower than expected indicate a negative/bearish market for USD.
Date26.05.2022
Time15-30 МСК
EventThe number of initial claims 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. This data is 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/bearish market for USD, while lower than expected indicators represent a positive/bullish direction for USD.
Date26.05.2022
Time15-30 МСК
EventCore Retail Sales Index in Canada (m/m) (March)
CommentCore retail sales index reflects the monthly volume of all goods sold by retailers in Canada, considering inflation. The data does not include car sales. This is an important indicator of consumer spending, and it is also an indicator of the country’s economic growth. An indicator above the forecast is positive for CAD, while data below the forecast negatively affects the CAD exchange rate.
Date27.05.2022
Time04-30 МСК
EventRetail sales volume in Australia (m/m) (April)
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 for AUD, while lower than expected indicators represent a negative/bearish market for AUD.
Date27.05.2022
Time09-30 МСК
EventEmployment Rate in Switzerland (Q1)
CommentThe employment rate measures the number of people employed in Switzerland for the specified quarter. The growth trend shows strength in the labor market and has a positive impact on consumer spending and, consequently, on economic growth. Higher than expected indicators are seen as a positive/bullish CHF direction, while lower than expected indicators represent a negative/bearish market for CHF.
Date30.05.2022
Time11-00 МСК
EventConsumer Price Index (CPI) in Germany (m/m) (May)
CommentThe Consumer Price Index (CPI) in Germany 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 Germany. Higher-than-expected indicators are seen as a positive/bullish direction for EUR (a common way to combat inflation is to raise rates, which can attract foreign investment), and lower-than-expected indicators represent a negative/bearish market for EUR.
Date31.05.2022
Time04-30 МСК
EventChina Purchasing Managers’ Index in industrial sector (PMI) (May)
CommentChina Purchasing Managers’ Index in industrial sector measures the level of activity of purchasing managers in the manufacturing sector.It is compiled by the China Federation of Logistics & Purchasing (CFLP) and the China Logistics Information Center (CLIC), based on data from the National Bureau of Statistics (NBS). The Li&Fung Research Centre is responsible for the preparation and dissemination of the PMI report in English. Questionnaires are sent out to more than 700 industrial enterprises in China every month. The data presented here reflect the responses of enterprises about their purchases and deliveries. CFLP does not disclose information regarding data collection procedures, and does not disclose data about individual enterprises. PMI should also be compared with other economic sources when data is used in the decision-making process. Indicators above the expected are seen as positive/bullish direction of CNY, and indicators below the expected represent a negative/bearish market for CNY.
Date31.05.2022
Time12-00 МСК
EventEurozone Consumer Price Index (CPI) (Y/Y) (May)
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 Eurozone. Higher-than-expected indicators are seen as a positive/bullish direction for EUR (a common way to combat inflation is to raise rates, which can attract foreign investment), and lower-than-expected indicators represent a negative/bearish market for EUR.
Date31.05.2022
Time15-30 МСК
EventGDP in Canada (m/m) (March)
CommentGross Domestic Product (GDP) is a general indicator of economic activity and is a key indicator of the economy health. Canada publishes new GDP data on a monthly basis. The monthly dynamics of GDP percent shows the growth rate of the economy as a whole. Higher-than-expected indicators are seen as positive/bullish for CAD, while lower-than-expected indicators represent a negative/bearish market for CAD.
25 May 2022
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