| Date | Time | | Details | Actual | Forecast | Previous |
Wed
May 22
| 7:30pm | Existing Home Sales |
|
Effect:
|
Actual > Forecast = Good for currency
|
|
Note
|
While this is monthly data, it's reported in an annualized format (monthly figure x12). Existing homes make up the majority of total sales and therefore tend to have more impact than New Home Sales
|
| | | |
| 8:00pm | Crude Oil Inventories |
|
Effect:
|
No consistent effect - there are both inflationary and growth implications
|
|
Note
|
While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector
|
| | | |
| 11:30pm | FOMC Meeting Minutes |
|
Effect:
|
More hawkish than expected = Good for currency
|
|
Note
|
|
| | | |
Thu
May 23
| 6:30pm | Flash Manufacturing PMI |
|
Effect:
|
Actual > Forecast = Good for currency
|
|
Note
|
Data is given to Thomson Reuters subscribers 2 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates industry expansion, below indicates contraction. The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected.
|
| | | |
| 6:30pm | HPI m/m |
|
Effect:
|
Actual > Forecast = Good for currency
|
|
Note
|
Source began m/m frequency in Mar 2008
|
| | | |
| 8:00pm | Natural Gas Storage |
|
Effect:
|
No consistent effect - there are both inflationary and growth implications
|
|
Note
|
While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector
|
| | | |
| 6:00pm | Unemployment Claims |
|
Effect:
|
Actual < Forecast = Good for currency
|
|
Note
|
This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes
|
| | | |
| 7:30pm | New Home Sales |
|
Effect:
|
Actual > Forecast = Good for currency
|
|
Note
|
While this is monthly data, it's reported in an annualized format (monthly figure x12)
|
| | | |
Fri
May 24
| 6:00pm | Durable Goods Orders m/m |
|
Effect:
|
Actual > Forecast = Good for currency
|
|
Note
|
This data is usually revised via the Factory Orders report released about a week later. Durable goods are defined as hard products having a life expectancy of more than 3 years, such as automobiles, computers, appliances, and airplanes
|
| | | |
| 6:00pm | Core Durable Goods Orders m/m |
|
Effect:
|
Actual > Forecast = Good for currency
|
|
Note
|
Orders for aircraft are volatile and can severely distort the underlying trend. The Core data is therefore thought to be a better gauge of purchase order trends
|
| | | |