Calendario Económico

The figures displayed in the calendar represent the average yield on the Bobls note auctioned. German Bobls notes have maturities of five 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 Bobls 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.

The unemployment rate measures the percentage of the total work force that is unemployed and actively seeking employment during the reported month. A higher than expected reading should be taken as negitive/bearish for the HKD , while a lower than expected reading should be taken as positive/bullish for the HKD.

BNZ-BusinessNZ PSI is a monthly survey of the services sector providing
an early indicator of activity levels. A PSI reading above 50 points indicates
services activity is expanding; below 50 indicates it is contracting.
The main PMI and sub-index results are seasonally adjusted.
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.

The Trade Balance index measures the difference in worth between exported and imported goods (exports minus imports).
This is the largest component of a country's balance of payments.
Export data can give reflection on Spain's growth.
Imports provide an indication of domestic demand.
Because foreigners must buy the domestic currency to pay for the nation's exports,
it may have sizable affect on the EUR.
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 Average Earnings Index is an indicator of inflationary pressures emanating from the labour market. The effect of a higher or lower figure than expected can be both bullish or bearish.

Capacity utilization is a concept in economics and managerial accounting which refers to the extent to which an enterprise or a nation actually uses its installed productive capacity. Thus, it refers to the relationship between actual output that 'is' actually produced with the installed equipment, and the potential output which 'could' be produced with it, if capacity was fully used. A rull of thumb is, when capacity utilization is stable above 80%, in most cases rates will start going up. A higher than expected number should be taken as positive to the JPY, while a lower than expected number as negative

The Tertiary Industry Index measures the change in the total value of services purchased by businesses. It is a leading indicator of economic health.

The Westpac Consumer Sentiment Index measures the change in the level of consumer confidence in economic activity.
On the index, a level above 100.0 indicates optimism; below indicates pessimism.
The data is compiled from a survey of about 1,200 consumers which asks respondents to rate the relative level of past and future economic conditions.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.

Gross National Product and Gross Domestic Product is the total value of the finished goods and services produced in the economy. It is not a precise measureof national economic well-being but expressed in volume (adjusted for inflation)it is the closest single number we have got to such a measure. It is the sum of final expenditures Export of goods and services, Imports of goods and services,Private Consumption, Government Consumption, Gross Fixed Capital Formation and Increases/Decreases(-) in stocks. The difference between Gross National Product and Gross Domestic Product is the Net Factor Income/Payments abroad.

Gross National Product and Gross Domestic Product is the total value of the finished goods and services produced in the economy. It is not a precise measureof national economic well-being but expressed in volume (adjusted for inflation)it is the closest single number we have got to such a measure. It is the sum of final expenditures Export of goods and services, Imports of goods and services,Private Consumption, Government Consumption, Gross Fixed Capital Formation and Increases/Decreases(-) in stocks. The difference between Gross National Product and Gross Domestic Product is the Net Factor Income/Payments abroad.

Gross National Product and Gross Domestic Product is the total value of the finished goods and services produced in the economy. It is not a precise measureof national economic well-being but expressed in volume (adjusted for inflation)it is the closest single number we have got to such a measure. It is the sum of final expenditures Export of goods and services, Imports of goods and services,Private Consumption, Government Consumption, Gross Fixed Capital Formation and Increases/Decreases(-) in stocks. The difference between Gross National Product and Gross Domestic Product is the Net Factor Income/Payments abroad.

This release provide information on the number and value of electronic card transactions with New Zealand-based merchants. Data include transactions using debit (eftpos), credit, and charge cards. Transactions by overseas cardholders in New Zealand are included; transactions by New Zealand cardholders overseas are excluded. The figure gives hint of strength in the retail sector and influences interest rate decisions.
A reading that is stronger than forecast is generally supportive (bullish) for the NZD, while a weaker than forecast reading is generally negative (bearish) for the NZD.

Producer Price Index (PPI) Output measures the change in the price of goods sold by manufacturers.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.

Net purchases of U.S treasury bonds & notes by major foreign sector. (Negative figures indicate net sales by foreigners to U.S residents or a net outflow of capital from the United States.) 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.

This indicator shows the Sum of [(U.S. securities + Foreign stocks and bonds (Negative figures indicate net sales by foreigners to U.S residents or a net outflow of capital from the United States.) Minus estimated unrecorded principal repayments to foreigners on domestic corporate and agency asset-backed securities + estimated foreign acquisitions of U.S. equities through stock swaps - estimated U.S. acquisitions of foreign equities through stock swaps + increase in nonmarketable Treasury Bonds and Notes Issued to Official Institutions and Other Residents of Foreign Countries)+(monthly changes in banks' and broker/dealers' custody liabilities.)+(TIC, Change in Banks' Own Net Dollar- Denominated Liabilities)] TIC data cover most components of international financial flows, but do not include data on direct investment flows, which are collected and published by the Department of Commerce's Bureau of Economic Analysis.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.

TIC Net Long-Term Transactions number is the sum of gross purchases by foreigners from US residents minus gross sales by foreigners to US residents. The components used to calculate long term flows are US Treasury bonds and notes, US government agency bonds, US corporate bonds, US corporate stocks, foreign bonds and foreign stocks. (TIC signifies: Treasury International Capital Flows). A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.

The figures displayed in the calendar represent the rate on the Treasury Bill auctioned.U.S. Treasury Bills have maturities of a few days to one 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 rate on a Treasury Bill represents the return an investor will receive by holding the bill 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.

The figures displayed in the calendar represent the rate on the Treasury Bill auctioned.U.S. Treasury Bills have maturities of a few days to one 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 rate on a Treasury Bill represents the return an investor will receive by holding the bill 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.

The National Association of Home Builders (NAHB) Housing Market Index (HMI) rates the relative level of current and future single-family home sales. The data is compiled from a survey of around 900 home builders. A reading above 50 indicates a favorable outlook on home sales; below indicates a negative outlook.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.

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.