The People’s Bank of China announced that beginning August 20, 2019, the loan prime rate (LPR) will be calculated under a new formation mechanism.
Based on the citations made by quoting banks--by adding a few basis points to the interest rate of open market operations (mainly referring to the rate of the medium-term lending facility, or MLF)--the LPR is now calculated by the National Interbank Funding Center (NIFC), serving as the pricing reference for bank lending.
Currently, the LPR consists of rates with two maturities, i.e. one year and over five years. At present, the LPR quoting facilities are comprised of 18 banks. The quoting banks will submit their quotes before 9:00 a.m. on the 20th day of every month (postponed in case of holidays), with 0.05 percentage points as the step length, to the NIFC.
The People’s Bank of China announced that beginning August 20, 2019, the loan prime rate (LPR) will be calculated under a new formation mechanism.
Based on the citations made by quoting banks--by adding a few basis points to the interest rate of open market operations (mainly referring to the rate of the medium-term lending facility, or MLF)--the LPR is now calculated by the National Interbank Funding Center (NIFC), serving as the pricing reference for bank lending.
Currently, the LPR consists of rates with two maturities, i.e. one year and over five years. At present, the LPR quoting facilities are comprised of 18 banks. The quoting banks will submit their quotes before 9:00 a.m. on the 20th day of every month (postponed in case of holidays), with 0.05 percentage points as the step length, to the NIFC.
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 MYR, while a lower than expected reading should be taken as negative/bearish for the MYR.
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.
Exports of goods and services consist of transactions in goods and services (sales, barter, gifts or grants) from residents to non-residents. Exports free on board (f.o.b.) and imports cost insurance freight (c.i.f.) are, in general, customs statistics reported under the general trade statistics according to the recommendations of the UN International Trade Statistics.
A higher than expected number should be taken as positive to the MYR, while a lower than expected number as negative.
Exports free on board (f.o.b.) and Imports cost insurance freight (c.i.f.) are, in general, customs statistics reported under the general trade statistics according to the recommendations of the UN International Trade Statistics. For some countries Imports are reported as f.o.b. instead of c.i.f. which is generally accepted. When reporting Imports as f.o.b. you will have the effect of reducing the value of Imports by the amount of the cost of insurance and freight.
A higher than expected number should be taken as positive to the MYR, while a lower than expected number as negative.
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.
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.
The Average Earnings Index measures change in the price businesses and the government pay for labor, including bonuses. The Average Earnings figure gives us a good indication of personal income growth during the given month.
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.
Claimant Count Change measures the change in the number of unemployed people in the U.K. during the reported month. A rising trend indicates weakness in the labor market, which has a trickle-down effect on consumer spending and economic growth.
A higher than expected reading should be taken as negative/bearish for the GBP, while lower than expected reading should be taken as positive/bullish for the GBP.
The German Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers.
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 Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous three months.
A higher than expected reading should be taken as negative/bearish for the GBP, while a lower than expected reading should be taken as positive/bullish for the GBP.
The German Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers.
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.
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.
A higher than expected reading should be taken as positive/bullish for the CHF, while a lower than expected reading should be taken as negative/bearish for the CHF.
The Producer Price Index (PPI) measures average changes in prices received by domestic producers for their output. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation. Usually a rise in PPI will lead in a short time to a rise in CPI and therefore to a rising interest rates and rising currency. during recession, the producers are not able to roll over the rising cost of material to the consumer, so a rise in PPI will not be rolled over to the consumer but will lower the profitablility of the producer and will deepen the recession, that will lead to a fall in local currency.
The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the exports the data can have a 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 Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the exports the data can have a sizable affect on the Euro.
A higher than expected reading should be taken as positive/bullish for the Euro, while a lower than expected reading should be taken as negative/bearish for the Euro.
Industry is a basic category of business activity. Firms in the same industry are on the same side of the market, produce goods which are close substitutes and compete for the same customers. For statistical purposes, industries are categorized following a uniform classification code such as Standard Industrial Classification (SIC). Changes in the volume of the physical output of the nation's factories, mines and 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.
WEF annual meetings are held in Davos and attended by central bankers, prime ministers, finance ministers, trade ministers, and business leaders from over 90 countries.
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.
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.
Balance of payments is a set of accounts recording all economic transactions between the residents of the country and the rest of the world in a given period of time, usually one year. Payments into the country are called credits, payments out of the country are called debits. There are three main components of a balance of payments: - current account - capital account - financial account Either a surplus or a deficit can be shown in any of these components. Current account records the values of the following: - trade balance exports and imports of goods and services - income payments and expenditure interest, dividends, salaries - unilateral transfers aid, taxes, one-way gifts It shows how a country deals with the global economy on a non-investment basis. Balance of payments shows sthrengths and weaknesses in a country's economy and therefore helps to achieve balanced economic growth. The release of a balance of payments can have a significant effect on the exchange rate of a national currency against other currencies.
The unemployment rate represents the number of unemployed persons expressed as a percentage of the labour force. The unemployment rate for a particular age/sex group is the number of unemployed in that group expressed as a percentage of the labour force for that group.
A registered unemployed is a person who is neither in employment nor a member of an organization, does not perform any independent gainful activity, nor is getting ready for an occupation and is personally applying, on the basis of a written application, for the intermediation of an appropriate job at labour offices, social affairs and family. People who are interested in a job and are in employment or perform an independent gainful activity and are interested in a different job are not included.
Statistics South Africa (Stats SA) publishes monthly mining production indices and mineral sales based on the information furnished by the Department of Mineral Resources and Energy (DMRE).
The results of this survey are used to calculate the volume of mining production indices in order to estimate the gross domestic product (GDP) and its components, which in turn are used to develop and monitor government policy.
The figures displayed in the calendar represent the average yield on the Letras del Tesoro auctioned.
Spanish Bills have maturities of less then 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 Letras del Tesoro 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.
David Ramsden serves as Deputy Governor of the Bank of England. His public engagements are often used to drop subtle clues regarding future monetary policy.
Bank of England (BOE) Governor Andrew Bailey (Mar 2020 - Mar 2028) is to speak. As head of the BOE's Monetary Policy Committee (MPC) which controls short term interest rates, Bailey has more influence over sterling's value than any other person. Traders scrutinize his public engagements for clues regarding future monetary policy.
His comments may spark a short-term positive or negative trend.
The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook. A level above zero indicates optimism; below indicates pessimism. The reading is compiled from a survey of about 350 German institutional investors and analysts.
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 Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Sentiment Index rates the relative six-month economic outlook for the euro zone. On the index, a level above zero indicates optimism, below indicates pessimism. It is a leading indicator of economic health. The reading is compiled from survey of about 350 German institutional investors and analysts.
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.
This survey summarizes the net percentage of positive and negative responses regarding the expectations for economic growth in the next 6 months, as given by financial analysts from banks, insurance companies and large industrial enterprises. For example, if 50% believe that the economic situation will improve and 20% believe it will get worse, the result will be +30.
The survey deals with the markets of Germany, the USA, Japan, Great Britain, France, Italy and other EU countries.
A reading that is stronger than forecast is generally supportive (bullish) for the Euro, while a weaker than forecast reading is generally negative (bearish) for the Euro.
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.
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.
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.
Foreign capital actually utilized refers to the amount which has been actually used according to the agreements and contracts, including cash, materials and invisible capital such as labour service and technology which both parties agree to take as an investment. A higher than expected reading should be taken as positive/bullish for the CNY , while a lower than expected reading should be taken as negative/bearish for the CNY.
Measures the weighted-average price of 9 dairy products sold at auction every 2 weeks. It is viewed as a leading indicator of New Zealand's trade balance because rising commodity prices boost export income. The dairy industry is New Zealand's biggest export earner, accounting for more than 29% by value of the country's exports.
Measures the weighted-average price of 9 dairy products sold at auction every 2 weeks. It is viewed as a leading indicator of New Zealand's trade balance because rising commodity prices boost export income. The dairy industry is New Zealand's biggest export earner, accounting for more than 29% by value of the country's exports.
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 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.
Deutsche Bundesbank President and voting member of the ECB Governing Council from Jan 2022. He's believed to be one of the most influential members of the council. ECB Governing Council members vote on where to set the Eurozone's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
Trade balance, called also net export, is the difference between the value of country's exports and imports, over a period of time. A positive balance (trade surplus) means that exports exceed imports, a negative one means the opposite. Positive trade balance illustrates high competitiveness of country's economy. This strengthens investors' interest in the local currency, appreciating its exchange rate.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.
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.
