Economic news calendar 2025, Financial calendar, Financial brokerage company

Time	Country	Event
22/Apr
09:30	DE	German 2-Year Schatz AuctionPrevious: 2.010%
The figures displayed in the calendar represent the average yield on the Schatz note auctioned. German Schatz notes have maturities of two years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.The yield on the Schatz represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
10:00	BE	Belgium Consumer Confidence (Apr)Previous: -10
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 EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.
10:00	IL	Trade Balance (Mar)Previous: -2,524.7M
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 ILS , while a lower than expected reading should be taken as negative/bearish for the ILS.
10:00	IL	Imports (USD) (Mar)Previous: 7,152.5M
The Imports number provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. A lower than expected number should be taken as positive to the ILS, while a higher than expected number as negative
10:00	IL	Exports (USD) (Mar)Previous: 4,627.8M
The Export number, is the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. A higher than expected number should be taken as positive to the ILS, while a lower than expected number as negative
10:00	DE	German Buba Monthly ReportPrevious:
The Bundesbank Monthly Report handles economic issues, including in particular monetary policy, and financial and economic policy issues.
10:00	US	IMF MeetingsPrevious:
The Annual Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) and the bring together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness. Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world's financial system.
10:00	ES	Spanish Consumer Confidence (Mar)Previous: 81.4
The Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict the consumer spending, which is a major part in the total economic activity. Higher readings point to higher consumer optimism. 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.
10:00	BH	GDP (YoY) (Q4)Previous: 2.10%
GDP measures the summary value of goods and services generated in a relevant country or region. A region's gross domestic product, or GDP, is one of the ways for measuring the size of its economy. Expenditure approach - Total expenditures on all finished goods and services produced within the economy. Calculation: GDP using the expenditure approach is derived as the sum of all final expenditures, changes in inventories and exports of goods and services less imports of goods and services. Market influence of GDP: Unexpectedly high quarterly GDP growth is perceived to be potentially inflationary if the economy is close to full capacity; this, in turn, causes bond prices to drop and yields and interest rates to rise. As far as the stock market is concerned, higher than expected growth leads to higher profits and that's good for the stock market.
10:00	BH	GDP (QoQ) (Q4)Previous: 0.30%
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 BHD, while a lower than expected reading should be taken as negative/bearish for the BHD.
11:25	BR	BCB Focus Market ReadoutPrevious:
The Focus Market Report provides weekly mean market expectations for inflation over following month, 12 months, and following year as well as expectations for Selic target rate, real GDP growth, net public sector debt/GDP, industrial production growth, current account, and trade balance, collected from over 130 banks, brokers, and funds managers.
12:30	CA	RMPI (MoM) (Mar)Previous: 0.3%
The Raw Materials Price Index (RMPI) measures the change in the price of raw materials purchased by manufacturers. It is a leading indicator of consumer inflation, which accounts for a majority of overall inflation.A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.
12:30	CA	RMPI (YoY) (Mar)Previous: 9.3%
The Raw Materials Price Index reflects the prices paid by Canadian manufacturers for key raw materials. Unlike the industrial product price index, the RMPI includes goods that are not produced in Canada. The imapct on the CAD may go both ways.
12:30	CA	IPPI (MoM) (Mar)Previous: 0.4%
The Industrial Product Price Index (IPPI) measures the change in the price of domestically produced goods sold by manufacturers.>A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.
12:30	CA	IPPI (YoY) (Mar)Previous: 4.9%
The Industrial Product Price Index (IPPI) measures the change in the price of domestically produced goods sold by manufacturers.>A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.
12:55	US	Redbook (YoY)Previous: 6.6%
The Redbook Index is a sales-weighted of year-over-year same-store sales growth in a sample of large US general merchandise retailers representing about 9,000 stores. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.
13:00	FR	French 6-Month BTF AuctionPrevious: 2.101%
The figures displayed in the calendar represent the average yield on the Bons du Trésor à taux fixe or BTF auctioned. French BTF bills have maturities of up to 1 year. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.The yield on the BTF represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
13:00	FR	French 3-Month BTF AuctionPrevious: 2.192%
The figures displayed in the calendar represent the average yield on the Bons du Trésor à taux fixe or BTF auctioned. French BTF bills have maturities of up to 1 year. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.The yield on the BTF represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
13:00	FR	French 12-Month BTF AuctionPrevious: 2.013%
The figures displayed in the calendar represent the average yield on the Bons du Trésor à taux fixe or BTF auctioned. French BTF bills have maturities of up to 1 year. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.The yield on the BTF represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
13:00	US	Fed Governor Jefferson SpeaksPrevious:

13:30	US	FOMC Member Harker SpeaksPrevious:
Federal Reserve Bank of Philadelphia President Patrick Harker. His public engagements are often used to drop subtle clues regarding future monetary policy.
14:00	EU	ECB President Lagarde SpeaksPrevious:
European Central Bank (ECB) President Christine Lagarde (November 2019 - October 2027) is to speak. As head of the ECB, which sets short term interest rates, she has a major influence over the value of the euro. Traders watch her speeches closely as they are often used to drop subtle hints regarding future monetary policy and interest rate shifts. Her comments may determine a short-term positive or negative trend.
14:00	EU	Consumer Confidence (Apr)Previous: -14.5
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. The reading is compiled from a survey of about 2,300 consumers in the euro zone which asks respondents to evaluate future economic prospects. Higher readings point to higher consumer optimism.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.
14:00	US	Richmond Services Index (Apr)Previous: -4
The Survey of Fifth District Manufacturing Activity - Business activity index. All firms surveyed are located within the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and Most of West Virginia. Each index equals the precentage reporting increase minus the percentage reporting decrease.
14:00	US	Richmond Manufacturing Shipments (Apr)Previous: -7
The Survey of Fifth District Manufacturing Activity - Business activity index. All firms surveyed are located within the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and Most of West Virginia. Each index equals the precentage reporting increase minus the percentage reporting decrease.
14:00	US	Richmond Manufacturing Index (Apr)Previous: -4
The Richmond Manufacturing Index rates the relative level of business conditions including shipments, new orders, and employment. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 100 manufacturers in the Richmond area.A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
17:00	US	2-Year Note AuctionPrevious: 3.984%
The figures displayed in the calendar represent the yield on the Treasury Note auctioned.U.S. Treasury Notes have maturities of two to ten years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital. The rate on a Treasury Note represents the return an investor will receive by holding the note for its entire duration. All bidders receive the same rate at the highest accepted bid.Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
17:00	EU	ECB's De Guindos SpeaksPrevious:
Luis de Guindos, Vice-President of the European Central Bank, is set to speak. His speeches often contain indications on the future possible direction of monetary policy.
17:00	US	M2 Money Supply (MoM) (Mar)Previous: 21.67T
US M2 Money Stock refers to the measure of money supply that includes financial assets held mainly by households. These include savings deposits, time deposits, and balances in retail money market mutual funds, in addition to more readily-available liquid financial assets as defined by the M1 measure of money, such as currency, traveler's checks, demand deposits, and other checkable deposits. The US M2 Money Stock is critical in understanding and forecasting money supply, inflation, and interest rates in the US. Historically, when the money supply dramatically increased in global economies, there would be a following dramatic increase in prices of goods and services, which would then follow monetary policy with the aim to maintain inflation levels low.
18:00	US	FOMC Member Kashkari SpeaksPrevious:
Federal Reserve Bank of Minneapolis President Neel Kashkari. His public engagements are often used to drop subtle clues regarding future monetary policy.
18:00	GB	BoE Breeden SpeaksPrevious:

19:00	AR	Economic Activity (YoY) (Feb)Previous: 6.5%
The Instituto Nacional de Estadística y Censos (INDEC) Economy Activity Index provides an early estimate for real gross domestic (GDP) performance in Argentina.A higher than expected reading should be taken as positive/bullish for the ARS, while a lower than expected reading should be taken as negative/bearish for the ARS.
20:30	US	API Weekly Crude Oil StockPrevious: 2.400M
The American Petroleum Institute reports inventory levels of US crude oil, gasoline and distillates stocks. The figure shows how much oil and product is available in storage.The indicator gives an overview of US petroleum demand. If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected. If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.
21:00	KR	Consumer Confidence (Apr)Previous: 93.4
The Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict the consumer spending, which is a major part in the total economic activity. Higher readings point to higher consumer optimism. A higher than expected reading should be taken as positive/bullish for the KRW, while a lower than expected reading should be taken as negative/bearish for the KRW.
23:00	AU	Judo Bank Services PMI (Apr)Previous: 51.6
The Australian Services Purchasing Managers Index (PMI) measures the activity level of purchasing managers in the services sector. The report is based on surveys of over 300 business executives in private sector services companies. Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs. Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month.From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction). Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance. A higher than expected reading should be taken as positive/bullish for the AUD , while a lower than expected reading should be taken as negative/bearish for the AUD.
23:00	AU	Judo Bank Manufacturing PMI (Apr)Previous: 52.1
The Australian Manufacturing Purchasing Managers Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance. A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
23/Apr
00:30	JP	au Jibun Bank Services PMI (Apr)Previous: 50.0
The survey covers transport & communication, financial intermediation, business services, personal services, computing & IT and hotels & restaurants. Each response received is weighted according to the size of the company to which the questionnaire refers & the contribution to total service sector output accounted for by the sub-sector to which that company belongs.This therefore ensures that replies from larger companies have a greater impact on the final index numbers than replies from small companies.The results are presented by question asked, showing the % of respondents reporting an improvement, deterioration or no-change since the previous month.From these %, an index is derived such that a level of 50.0 signals no-change since the previous month.Above 50.0 signals an increase (or improvement),below 50.0 a decrease(or deterioration).The greater the divergence from 50.0, the greater the rate of change signaled.
00:30	JP	au Jibun Bank Manufacturing PMI (Apr)Previous: 48.4
The Manufacturing Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.
03:00	NZ	Credit Card Spending (YoY) (Mar)Previous: 0.9%
Credit Card Spending measures the change in the credit card spending by individuals. It is closely correlated with consumer spending and confidence.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.
04:00	MY	CPI (YoY) (Mar)Previous: 1.5%
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 and inflation. 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.
04:00	MY	CPI (MoM) (Mar)Previous: 0.40%
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 and inflation.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.
04:00	ID	Loans (YoY) (Mar)Previous: 10.30%
The terms of a standardized loan are formally presented (usually in writing) to each party in the transaction before any money or property changes hands. If a lender requires any collateral, this will be stipulated in the loan documents as well. Most loans also have legal stipulations regarding the maximum amount of interest that can be charged, as well as other covenants such as the length of time before repayment is required. Loans can come from individuals, corporations, financial institutions and governments. They are a way to grow the overall money supply in an economy as well as open up competition, introduce new products and expand business operations. Loans are a primary source of revenue for many financial institutions such as banks, as well as some retailers through the use of credit facilities.
04:30	JP	Tertiary Industry Activity Index (Feb)Previous: -10.00
The Tertiary Industry Index measures the change in the total value of services purchased by businesses. It is a leading indicator of economic health.
05:00	SG	CPI (YoY) (Mar)Previous: 0.9%
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 and inflation. 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.
05:00	SG	Core CPI (YoY) (Mar)Previous: 0.60%

05:00	SG	CPI (MoM) (Mar)Previous: 0.80%
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 and inflation.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.
05:00	IN	S&P Global Services PMI (Apr)Previous: 58.5
The Indian HSBC Services PMI is compiled by questionnaires sent to purchasing executives in around 350 private service sector companies. The panel has been carefully selected to accurately replicate the true structure of the services economy. Index and the Services Business Activity Index, and is based on original survey data collected from a representative panel of over 800 companies based in the Indian manufacturing and service sectors. 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.
05:00	IN	S&P Global Manufacturing PMI (Apr)Previous: 58.1
The Purchasing Managers Index (PMI) is a composite indicator designed to provide an overall view of activity in the manufacturing sector and acts as an leading indicator for the whole economy. The PMI is a composite index based on the diffusion indexes for the following five indicators and their weight: New orders - 0.3, Output - 0.25 , Employment - 0.2, Suppliers delivery times - 0.15 and Stock of items purchased - 0.1 with the Delivery times index inverted so that it moves in a comparable direction. When PMI is below 50.0 this indicates that the manufacturing economy is declining and a value above 50.0 indicates an expansion of the manufacturing economy. The individual survey indexes have been seasonally adjusted using the US Bureau of Census X-11 programme. The seasonally adjusted series are then used to calculate the seasonally adjusted PMI. 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.
06:00	NO	Industrial Confidence (Q1)Previous: 5.5

06:00	GB	Public Sector Net Cash Requirement (Mar)Previous: 6.357B
The public sector consists of central government, local authorities and public corporations. The net cash requirement measures the public sectors need to raisecash trough selling debt or running down its liquid financial assets. The publicsector net cash requirement equals the central government net cash requirement (including borrowing from the market for on-lending to local authorities and public corporations) plus local authorities contributions. I.e. their market andoverseas borrowing, measured net of their purchases of other public sector debt.
06:00	GB	Public Sector Net Borrowing (Mar)Previous: 10.71B
Public Sector Net Borrowing measures the difference in value between spending and income for public corporations, the central government, and local governments during the previous month. A positive number indicates a budget deficit, while a negative number indicates a surplus.
06:00	LT	Lithuania Industrial Production (YoY) (Mar)Previous: 8.30%
Changes in the volume of the physical output of the nation's factories, minesand 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. It is often adjusted by season or weather conditions and thus volatile. However, it is used as a leading indicator and helps in forecasting GDP changes. Rising industrial production figures signify increasing economic growth and can positively influence the sentiment towards local currency.
06:00	LT	Lithuania Industrial Production (MoM) (Mar)Previous: -1.50%
Changes in the volume of the physical output of the nation's factories, minesand 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. It is often adjusted by season or weather conditions and thus volatile. However, it is used as a leading indicator and helps in forecasting GDP changes. Rising industrial production figures signify increasing economic growth and can positively influence the sentiment towards local currency.
07:15	FR	HCOB France Services PMI (Apr)Previous: 47.9
The French Services Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the services sector.The report is based on surveys of over 300 business executives in private sector services companies.Data is usually released on the third working day of each month.Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs.Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month.From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction). Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.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.
07:15	FR	HCOB France Manufacturing PMI (Apr)Previous: 48.5
The French Manufacturing Purchasing Manager's Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.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.
07:15	FR	HCOB France Composite PMI (Apr)Previous: 48.0
The PMI monthly Composite Reports on Manufacturing and Services are based on surveys of over 300 business executives in private sector manufacturing companies and also 300 private sector services companies.Data is usually released on the third working day of each month.Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs. Replies from larger companies have a greater impact on the final index numbers than those from small companies.Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month.From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction).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.
07:30	ID	Interest Rate DecisionPrevious: 5.75%
The Monetary Policy Committee votes on where to set the overnight interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher than expected reading should be taken as positive/bullish for the IDR, while a lower than expected reading should be taken as negative/bearish for the IDR.
07:30	DE	HCOB Germany Services PMI (Apr)Previous: 50.9
The German Services Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the services sector.The report is based on surveys of over 300 business executives in private sector services companies.Data is usually released on the third working day of each month.Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs.Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month.From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction). Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.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.
07:30	DE	HCOB Germany Manufacturing PMI (Apr)Previous: 48.3
The German Manufacturing Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.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.
07:30	ID	Lending Facility Rate (Apr)Previous: 6.50%

07:30	ID	Deposit Facility Rate (Apr)Previous: 5.00%

07:30	DE	HCOB Germany Composite PMI (Apr)Previous: 51.3
The PMI monthly Composite Reports on Manufacturing and Services are based on surveys of over 300 business executives in private sector manufacturing companies and also 300 private sector services companies. Data is usually released on the third working day of each month. Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs. Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month. From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease.
08:00	EU	HCOB Eurozone Services PMI (Apr)Previous: 51.0
The Euro-zone Services Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the services sector.The report is based on surveys of about 600 business executives in private sector services companies.Data is usually released on the third working day of each month.Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs.Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month.From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction). Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.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.
08:00	EU	HCOB Eurozone Composite PMI (Apr)Previous: 50.9
The PMI monthly Composite Reports on Manufacturing and Services are based on surveys of over 300 business executives in private sector manufacturing companies and also 300 private sector services companies. Data is usually released on the third working day of each month. Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs. Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month. From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction).
08:00	EU	HCOB Eurozone Manufacturing PMI (Apr)Previous: 48.6
The Manufacturing Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.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.
08:00	PL	Retail Sales (YoY) (Mar)Previous: 0.6%
Retail sales data represents total consumer purchase from retail stores. It provides valuable information about consumer spending which makes up the consumption part of GDP. The most volatile components like autos, gas prices and food prices are often removed from the report to show more underlying demand patterns as changes in sales in these categories are frequently a result of price changes. It is not adjusted for inflation. Spending on services is not included. Rising retail sales indicate stronger economic growth. However, if the increase is larger than forecast, it may be inflationary.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.
08:00	TW	Industrial Production (YoY) (Mar)Previous: 17.91%
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 TWD, while a lower than expected reading should be taken as negative/bearish for the TWD.
08:20	TW	M2 Money Supply (Mar)Previous: 5.19%
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).
08:20	TW	M3 Money Supply (Mar)Previous: 65,018.4B
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.
08:30	GB	S&P Global Services PMI (Apr)Previous: 52.5
The Services Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the services sector. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.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.
08:30	GB	S&P Global Manufacturing PMI (Apr)Previous: 44.9
The Manufacturing Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.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.
08:30	GB	S&P Global Composite PMI (Apr)Previous: 51.5
The Composite PMI Index measures the activity level of purchasing managers in the both sectors. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. 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.
08:30	HK	CPI (YoY) (Mar)Previous: 1.40%
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 and inflation.
08:30	HK	CPI (MoM) (Mar)Previous: -0.10%
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 and inflation.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.
09:00	EU	Trade Balance (Feb)Previous: 1.0B
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.
09:00	EU	Construction Output (MoM) (Feb)Previous: 0.19%
Construction output includes construction work done by enterprises with prevailing construction activity. Construction industry provides information on construction output and activity. Such information gives an insight into the supply on the housing and construction market.The construction industry is one of the first to go into a recession when the economy declines but also to recover as conditions improve.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.
09:30	DE	German 10-Year Bund AuctionPrevious: 2.680%
The figures displayed in the calendar represent the average yield on the Bund auctioned. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital. The yield on the Bund represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid. Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
10:00	LV	Latvian PPI (YoY) (Mar)Previous: 3.0%
Producer Price Index (PPI) measures a change in the prices of goods and services, over a span of time, either as they leave their place of production or as they enter the production process. PPI measures a change in the prices received by domestic producers for their outputs or the change in the prices paid by domestic producers for their intermediate inputs.The Producer Price Index (PPI) is designed to monitor changes in prices of items at the first important commercial transactions. The PPI shows the same general pattern of inflation as does Consumer price index, but is more volatile. This is because it is weighted more heavily towards goods that are traded in highly competitive markets and somewhat less sensitive to changes in the cost of labour. In principle, the PPI should include service industries, but in practice it is limited to the domestic agricultural and industrial sector.
10:00	LV	Latvian PPI (MoM) (Mar)Previous: 2.5%
Producer Price Index (PPI) measures a change in the prices of goods and services, over a span of time, either as they leave their place of production or as they enter the production process. PPI measures a change in the prices received by domestic producers for their outputs or the change in the prices paid by domestic producers for their intermediate inputs.The Producer Price Index (PPI) is designed to monitor changes in prices of items at the first important commercial transactions. The PPI shows the same general pattern of inflation as does Consumer price index, but is more volatile. This is because it is weighted more heavily towards goods that are traded in highly competitive markets and somewhat less sensitive to changes in the cost of labour. In principle, the PPI should include service industries, but in practice it is limited to the domestic agricultural and industrial sector.
10:00	DE	German Buba Monthly ReportPrevious:
The Bundesbank Monthly Report handles economic issues, including in particular monetary policy, and financial and economic policy issues.
10:00	US	IMF MeetingsPrevious:
The Annual Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) and the bring together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness. Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world's financial system.
10:30	GB	BoE MPC Member Pill SpeaksPrevious:

11:00	IL	Quarterly Unemployment RatePrevious: 2.70%
The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment.A higher than expected reading should be taken as negative/bearish for the ILS , while a lower than expected reading should be taken as positive/bullish for the ILS.
11:00	US	Mortgage Refinance IndexPrevious: 841.9
MBA - Mortgage Bankers Association of America. The Refinance Index covers all mortgage applications to refinance an existing mortgage. It is the best overall gauge of mortgage refinancing activity. The Refinance Index includes conventional and government refinances, regardless of product (FRM or ARM) or coupon rate refinanced into or out of.Seasonal factors are less significant in refinances than in home sales, however holiday effects are considerable.
11:00	US	Mortgage Market IndexPrevious: 267.5
MBA - Mortgage Bankers Association of America. The Market Index covers all mortgage applications during the week. This includes all conventional and government applications, all fixed-rate mortgages (FRMs), all adjustable-rate mortgages (ARMs), whether for a purchase or to refinance.
11:00	US	MBA Purchase IndexPrevious: 164.2
MBA - Mortgage Bankers Association of America. The Purchase Index includes all mortgages applications for the purchase of a single-family home. It covers the entire market, both conventional and government loans, and all products. The Purchase Index has proven to be a reliable indicator of impending home sales.
11:00	US	MBA Mortgage Applications (WoW)Previous: -8.5%
Mortgage Bankers Association (MBA) Mortgage Applications measures the change in the number of new applications for mortgages backed by the MBA during the reported week.A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
11:00	US	MBA 30-Year Mortgage RatePrevious: 6.81%
Fixed 30-year mortgage lending rates for 80% loan-to-value mortgage (source by MBA).
11:00	GB	BoE Quarterly BulletinPrevious:
This release, which is published quarterly, includes commentary on market developments and monetary policy operations, along with reports on a range of domestic and international economic issues, market research, and market analysis.
11:30	IN	RBI MPC Meeting MinutesPrevious:
The Monetary Policy Meeting Minutes are a detailed record of the Reserve Bank of India's policy setting meeting, containing in-depth insights into the economic conditions that influenced the decision on where to set interest rates. The breakdown of the MPC members, interest rate votes tends to be the most important part of the minutes.
12:00	PL	M3 Money Supply (YoY) (Mar)Previous: 9.1%
Money Supply is the aggregate amount of monetary assets available in a country at a specific time. According to the Financial Times, Money Supply M0 and M1, also known as narrow money, includes coins and notes in circulation and other assets that are easily convertible into cash. Money Supply M2 includes M1 plus short-term time deposits in banks. Money Supply M3 includes M2 plus longer-term time deposits. A higher than expected number should be taken as negative to the PLN, while a higher than expected number as negative
12:00	MX	Retail Sales (YoY) (Feb)Previous: 2.7%
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.A higher than expected reading should be taken as positive/bullish for the MXN, while a lower than expected reading should be taken as negative/bearish for the MXN.
12:00	MX	Retail Sales (MoM) (Feb)Previous: 0.6%
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.A higher than expected reading should be taken as positive/bullish for the MXN, while a lower than expected reading should be taken as negative/bearish for the MXN.
12:30	CA	New Housing Price Index (MoM) (Mar)Previous: 0.1%
The New Housing Price Index (NHPI) measures the change in selling prices for new homes. It is a leading indicator of health in the housing sector.A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.
12:30	US	Building Permits (Mar)Previous: 1.459M
Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
12:30	US	Building Permits (MoM) (Mar)Previous: -1.0%
Building Permits is a report closely watched by economists and investors alike. Since all related factors associated with the construction of a building are important economic activities (for example, financing and employment), the building permit report can give a major hint as to the state of the economy in the near future. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.
13:00	US	Fed Goolsbee SpeaksPrevious:

13:30	US	Fed Waller SpeaksPrevious:

13:45	US	S&P Global Services PMI (Apr)Previous: 54.4
The Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies. The surveys cover transport and communication, financial intermediaries, business and personal services, computing & IT, hotels and restaurants. An index level of 50 denotes no change since the previous month, while a level above 50 signals an improvement, and below 50 indicates a deterioration. A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
13:45	US	S&P Global Manufacturing PMI (Apr)Previous: 50.2
The Manufacturing Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance. A higher than expected reading should be taken as positive/bullish for the USD while a lower than expected reading should be taken as negative/bearish for the USD.

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