| Time | Ctry | Event | Actual | Consensus | Previous |
|---|---|---|---|---|---|
| Monday, Feb 25 | |||||
| 01:30 | US | Investing.com Gold IndexThe Investing.com series of indexes is a unique set of indexes, developed in-house. Each index measures overall exposure to major currency pairs, commodities and indexes, using data from futures exchanges and OTC providers on all long and short open positions. The number displayed in the economic calendar is the percentage of traders who hold long positions for that specific instrument. A reading above 50% means that more than half of traders are holding long positions for that instrument. A reading between 50%-70% is bullish for the instrument, a reading between 30% and 50% is bearish, a reading above 70% indicates overbought conditions and a reading below 30% indicates oversold conditions. | 65.3% | — | 56.0% |
| 08:30 | US | Chicago Fed National ActivityA monthly report by the Chicago Federal Reserve Bank that tracks economic activity in the 7th district, which is comprised of Indiana, Iowa, Illinois, Michigan and Wisconsin. The index is useful in tracking economic growth and identifying potential inflation. 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. | -0.43 | — | 0.05 |
| 10:00 | US | Wholesale InventoriesWholesale Inventories measures the change in the total value of goods held in inventory by wholesalers. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD. | 1.1% | 0.3% | 0.3% |
| 10:30 | US | Dallas Fed Mfg Business IndexThe Dallas Fed conducts the Texas Manufacturing Outlook Survey monthly to obtain a timely assessment of the state factory activity. Firms are asked whether output, employment, orders, prices and other indicators increased, decreased or remained unchanged over the previous month. Survey responses are used to calculate an index for each indicator. Each index is calculated by subtracting the percentage of respondents reporting a decrease from the percentage reporting an increase. When the share of firms reporting an increase exceeds the share of firms reporting a decrease, the index will be greater than zero, suggesting the indicator has increased over the prior month. If the share of firms reporting a decrease exceeds the share reporting an increase, the index will be below zero,suggesting the indicator has decreased over the prior month. An index will be zero when the number of firms reporting an increase is equal to the number of firms reporting a decrease.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. | 13.1 | 4.8 | 1.0 |
| 11:00 | US | ★FOMC Member Clarida SpeaksRichard H. Clarida began a four-year term as Vice Chairman of the Board of Governors of the Federal Reserve System on September 17, 2018, and took office as Board member to fill an unexpired term ending January 31, 2022. His public engagements are often used to drop subtle clues regarding future monetary policy. | — | — | — |
| 11:30 | US | 3-Month Bill AuctionThe 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. | 2.405% | — | 2.395% |
| 11:30 | US | 6-Month Bill AuctionThe 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. | 2.455% | — | 2.455% |
| 13:00 | US | 2-Year Note AuctionThe 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. | 2.503% | — | 2.600% |
| 13:00 | US | 5-Year Note AuctionThe 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. | 2.489% | — | 2.576% |
| Tuesday, Feb 26 | |||||
| 08:30 | US | Building PermitsBuilding 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. | 1.326M | 1.290M | 1.322M |
| 08:30 | US | Building PermitsBuilding 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. | 0.3% | -2.8% | 5.0% |
| 08:30 | US | Housing StartsHousing starts measures the change in the annualized number of new residential buildings that began construction during the reported month. It is a leading indicator of strength in the housing sector. 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. | 1.078M | 1.250M | 1.214M |
| 08:30 | US | Housing StartsHousing Starts measures the change in the number of new constructions underway. 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 number should be taken as positive to the USD, while a lower than expected number as negative | -11.2% | -0.5% | 0.4% |
| 08:55 | US | RedbookThe Johnson 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. By dollar value, the Index represents over 80% of the equivalent 'official' retail sales series collected and published by the US Department of Commerce.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. | -1.4% | — | -1.5% |
| 08:55 | US | RedbookThe 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. | 5.2% | — | 5.4% |
| 09:00 | US | House Price IndexThe House Price Index (HPI) is a broad measure of the movement of single-family house prices, with mortgages backed by Fannie Mae or Freddie Mac. This report helps to analyze the strength of the US housing market, which helps to analysis the economy as a whole. 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. | 0.3% | 0.3% | 0.4% |
| 09:00 | US | House Price IndexThe HPI is published by OFHEO using data provided by Fannie Mae and Freddie Mac. House price index is a statistic designed to reflect the average change of house prices across the country or a certain area. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative | 5.6% | — | 5.8% |
| 09:00 | US | House Price IndexOFHEO's House Price Index (HPI) is a measure designed to capture changes in the value of single-family homes in the U.S. as a whole, in various regions of the country. The HPI is published by OFHEO using data provided by Fannie Mae and Freddie Mac. House price index is a statistic designed to reflect the average change of house prices across the country or a certain area. It ensures that the relative importance of different property types in different regions remains fixed throughout the life of the index. Different adjustment must be used as no two houses are identical. Therefore characteristics such as physical attributes of a house or its location should be included in the calculation if the index. Rising house prices are likely to increase consumer confidence and consumer spending which lead to rising aggregate demand. This can have two effects. On one hand it causes higher economic growth. However, on the other hand, it might contribute to inflation. Increased consumer spending is usually aimed at imported goods thus higher house prices cause current account deficit. | 270.2 | — | 269.4 |
| 09:00 | US | S&P/CS HPI Composite - 20 s.a.House price index is a statistic designed to reflect the average change of house prices across the country or a certain area.It ensures that the relative importance of different property types in different regions remains fixed throughout the life of the index.Different adjustment must be used as no two houses are identical. Therefore characteristics such as physical attributes of a house or its location should be included in the calculation if the index. Rising house prices are likely to increase consumer confidence and consumer spending which lead to rising aggregate demand. This can have two effects. On one hand it causes higher economic growth. However, on the other hand, it might contribute to inflation. Increased consumer spending is usually aimed at imported goods thus higher house prices cause current account deficit. | 0.2% | 0.3% | 0.3% |
| 09:00 | US | S&P/CS HPI Composite - 20 n.s.a.The Case-Shiller index prices are measured monthly and tracks repeat sales of houses using a modified version of the weighted-repeat sales methodology proposed by Karl Case and Robert Shiller and Allan Weiss. This means that, to a large extent, it is able to adjust for the quality of the homes sold, unlike simple averages. As a monthly tracking index, Case-Shiller Index has long lag time. Typically, it takes about 2 months for S&P to publish the results, as opposed to 1 month for most other monthly indices and indicators. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative. | -0.2% | — | -0.1% |
| 09:00 | US | S&P/CS HPI Composite - 20 n.s.a.The S&P/Case-Shiller House Price Index measures the change in the selling price of single-family homes in 20 metropolitan areas. 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. | 4.2% | 4.9% | 4.6% |
| 10:00 | US | ★CB Consumer ConfidenceConference Board (CB) 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. Higher readings point to higher consumer optimism. 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. | 131.4 | 124.7 | 121.7 |
| 10:00 | US | ★Fed Chair Powell TestifiesFederal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2022) is to testify on the economic outlook and recent monetary policy actions before the Joint Economic Committee, in Washington DC. The testimony is in two parts; the first is a prepared statement, then the committee conducts a question and answer session. The Q&A portion of the testimony can see heavy market volatility for the duration. | — | — | — |
| 10:00 | US | Richmond Manufacturing IndexThe 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. | 16 | 8 | -2 |
| 10:00 | US | Richmond Manufacturing ShipmentsThe 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. | 12 | — | -8 |
| 10:00 | US | Richmond Services IndexThe 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. | 17 | — | 6 |
| 10:30 | US | Dallas Fed Services Revenuessurvey responses are used to calculate an index for each indicator. Each index is calculated by subtracting the percentage of respondents reporting a decrease from the percentage reporting an increase. When the share of firms reporting an increase exceeds the share of firms reporting a decrease, the index will be greater than zero, suggesting the indicator has increased over the prior month. If the share of firms reporting a decrease exceeds the share reporting an increase, the index will be below zero, suggesting the indicator has decreased over the prior month. An index will be zero when the number of firms reporting an increase is equal to the number of firms reporting a decrease. | 19.2 | — | 14.9 |
| 10:30 | US | Texas Services Sector OutlookSurvey responses are used to calculate an index for each indicator. Each index is calculated by subtracting the percentage of respondents reporting a decrease from the percentage reporting an increase. When the share of firms reporting an increase exceeds the share of firms reporting a decrease, the index will be greater than zero, suggesting the indicator has increased over the prior month. If the share of firms reporting a decrease exceeds the share reporting an increase, the index will be below zero, suggesting the indicator has decreased over the prior month. An index will be zero when the number of firms reporting an increase is equal to the number of firms reporting a decrease. | 2.0 | — | -4.8 |
| 11:30 | US | 52-Week Bill AuctionThe 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. | 2.470% | — | 2.515% |
| 13:00 | US | 7-Year Note AuctionThe 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. | 2.538% | — | 2.625% |
| 16:30 | US | API Weekly Crude Oil StockThe 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. | -4.200M | — | 1.260M |
| Wednesday, Feb 27 | |||||
| 07:00 | US | MBA 30-Year Mortgage RateFixed 30-year mortgage lending rates for 80% loan-to-value mortgage (source by MBA). | 4.65% | — | 4.66% |
| 07:00 | US | MBA Mortgage ApplicationsMortgage 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. | 5.3% | — | 3.6% |
| 07:00 | US | MBA Purchase IndexMBA - 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. | 247.0 | — | 232.7 |
| 07:00 | US | Mortgage Market IndexMBA - 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. | 384.8 | — | 365.3 |
| 07:00 | US | Mortgage Refinance IndexMBA - 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. | 1,133.8 | — | 1,084.4 |
| 08:30 | US | Goods Trade BalanceThe goods trade balance is the difference in value between imported and exported goods during the reported month. | -79.49B | — | -77.25B |
| 10:00 | US | Cap Goods Ship Non Defense Ex AirShipments of nondefense capital goods, excluding aircrafts. Nondefense capital goods include among other things: small arms; farm machinery and equipment; construction machinery; turbines, generators and other power transmission equipment; electronic computers; communications equipment; heavy duty trucks; office and institutional furniture; and medical materials and supplies. | 0.0% | — | 0.5% |
| 10:00 | US | Factory OrdersFactory Orders measures the change in the total value of new purchase orders placed with manufacturers. The report also includes a revision of the Durable Goods Orders data released about a week earlier as well as data new data on non-durable goods orders. 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. | 0.1% | 1.5% | -0.5% |
| 10:00 | US | Factory orders ex transportationFactory Orders measures the change in the total value of new purchase orders placed with manufacturers, but excluding all orders related to the transportation industry. The report also includes a revision of the Durable Goods Orders data released about a week earlier as well as data new data on non-durable goods orders. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative. | -0.6% | — | -1.3% |
| 10:00 | US | ★Fed Chair Powell TestifiesFederal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2022) is to testify on the economic outlook and recent monetary policy actions before the Joint Economic Committee, in Washington DC. The testimony is in two parts; the first is a prepared statement, then the committee conducts a question and answer session. The Q&A portion of the testimony can see heavy market volatility for the duration. | — | — | — |
| 10:00 | US | Pending Home SalesThe National Association of Realtors (NAR) Pending Home Sales Report measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction. 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. | 4.6% | 0.8% | -2.3% |
| 10:00 | US | Pending Home Sales IndexThe National Association of Realtors (NAR) Pending Home Sales Report measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative. | 103.2 | — | 98.7 |
| 10:30 | US | Crude Oil InventoriesThe Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation. 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. | -8.647M | 2.842M | 3.672M |
| 10:30 | US | Crude Oil Imports | -1.357M | — | 0.069M |
| 10:30 | US | Cushing Crude Oil InventoriesChange in the number of barrels of crude oil held in storage at the Cushing, Oklahoma during the past week. Storage levels at Cushing are important because it serves as the delivery point for the U.S. crude oil benchmark, West Texas Intermediate. | 1.628M | — | 3.413M |
| 10:30 | US | Distillate Fuel Production | 0.057M | — | -0.005M |
| 10:30 | US | EIA Weekly Distillates StocksThe Energy Information Administration 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. | -0.304M | -1.951M | -1.517M |
| 10:30 | US | Gasoline Production | 0.064M | — | -0.130M |
| 10:30 | US | Heating Oil Stockpiles | 0.251M | — | -0.166M |
| 10:30 | US | Gasoline InventoriesGasoline Inventories measures the change in the number of barrels of commercial gasoline held in inventory by commercial firms during the reported week. The data influences the price of gasoline products which affects inflation. The data has no consistent effect, there are both inflationary and growth implications. | -1.906M | -1.686M | -1.454M |
| 15:30 | US | Fed's Balance SheetThe Fed balance sheet is a statement listing the assets and liabilities of the Federal Reserve System. Details of the Fed's balance sheet are disclosed by the Fed in a weekly report called "Factors Affecting Reserve Balances." | 3,974.59B | — | 3,981.42B |
| Thursday, Feb 28 | |||||
| 08:00 | US | ★FOMC Member Clarida SpeaksRichard H. Clarida began a four-year term as Vice Chairman of the Board of Governors of the Federal Reserve System on September 17, 2018, and took office as Board member to fill an unexpired term ending January 31, 2022. His public engagements are often used to drop subtle clues regarding future monetary policy. | — | — | — |
| 08:30 | US | Continuing Jobless ClaimsContinuing Jobless Claims measures the number of unemployed individuals who qualify for benefits under unemployment insurance. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD. | 1,805K | 1,733K | 1,726K |
| 08:30 | US | ★Core PCE PricesThe Core Personal Consumption Expenditure (PCE) Prices release measures the changes in the price of goods and services purchased by consumers for the purpose of consumption, excluding food and energy. Prices are weighted according to total expenditure per item. It measures price change 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 USD, while a lower than expected reading should be taken as negative/bearish for the USD. | 1.70% | 1.60% | 1.60% |
| 08:30 | US | ★GDPGross 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. Usual Effect: Actual > Forecast = Good for currency Frequency: Released monthly. There are 3 versions of GDP released a month apart - Advance, second release and Final. Both the advance the second release are tagged as preliminary in the economic calendar. | 2.6% | 2.6% | 3.4% |
| 08:30 | US | ★GDP Price IndexThe GDP Price Index measures the annualized change in the price of all goods and services included in gross domestic product.It is the broadest inflationary indicator. 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. | 2.0% | 1.7% | 1.5% |
| 08:30 | US | ★Initial Jobless ClaimsInitial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD. | 225K | 221K | 217K |
| 08:30 | US | Jobless Claims 4-Week Avg.Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. As the week to week numbers might be very volatile, the four week moving average smooths the weekly data and used for the initial jobless claims metric A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD. | 229.00K | — | 236.00K |
| 08:30 | US | ★PCE PricesThe Personal Consumption Expenditure (PCE) Prices release measures the changes in the price of goods and services purchased by consumers for the purpose of consumption. Prices are weighted according to total expenditure per item. It measures price change 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 USD, while a lower than expected reading should be taken as negative/bearish for the USD. | 1.5% | 1.6% | 1.6% |
| 08:30 | US | Real Consumer SpendingReal Consumer Spending measures the inflation adjusted amount of money spent by households in the US economy. The spending includes durables, such as washing machines, and non durables, such as food. It is also known as consumption, and is measured monthly. John Maynard Keynes, the famous British economist, considered consumer spending to be the most important determinant of short-term demand in an economy. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative. | 2.8% | — | 4.0% |
| 08:50 | US | ★FOMC Member Bostic SpeaksFederal Reserve Bank of Atlanta President Raphael Bostic. His public engagements are often used to drop subtle clues regarding future monetary policy. | — | — | — |
| 09:45 | US | Chicago PMIThe Chicago Purchasing Managers' Index (PMI) determines the economic health of the manufacturing sector in Chicago region. A reading above 50 indicates expansion of the manufacturing sector; a reading below indicates contraction. The Chicago PMI can be of some help in forecasting the ISM manufacturing PMI. 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. | 64.7 | 58.1 | 56.7 |
| 10:00 | US | M2 Money SupplyUS 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. | 14.5T | — | 14.5T |
| 10:30 | US | Natural Gas StorageThe Energy Information Administration (EIA) Natural Gas Storage report measures the change in the number of cubic feet of natural gas held in underground storage during the past week. While this is a U.S. indicator it tends to have a greater impact on the Canadian dollar, due to Canada's sizable energy sector. If the increase in natural gas inventories is more than expected, it implies weaker demand and is bearish for natural gas prices. The same can be said if a decline in inventories is less than expected. If the increase in natural gas is less than expected, it implies greater demand and is bullish for natural gas prices. The same can be said if a decline in inventories is more than expected. | -166B | -171B | -177B |
| 11:00 | US | ★FOMC Member Harker SpeaksFederal Reserve Bank of Philadelphia President Patrick Harker. His public engagements are often used to drop subtle clues regarding future monetary policy. | — | — | — |
| 11:00 | US | KC Fed Composite IndexThe Federal Reserve Bank of Kansas City quarterly Survey of Manufacturers provides information on current manufacturing activity in the Tenth District (Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico, and western Missouri). The accumulated results also help trace longer term trends. The survey monitors about 300 manufacturing plants selected according to geographic distribution, industry mix, and size. Survey results reveal changes in several indicators of manufacturing activity, including production and shipments, and identify changes in prices of raw materials and finished products.The survey is conducted during the first month of each quarter.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. | 1 | — | 5 |
| 11:00 | US | KC Fed Manufacturing IndexThe Federal Reserve Bank of Kansas City quarterly Survey of Manufacturers provides information on current manufacturing activity in the Tenth District. The survey monitors about 300 manufacturing plants selected according to geographic distribution, industry mix, and size. Survey results reveal changes in several indicators of manufacturing activity, including production and shipments, and identify changes in prices of raw materials and finished products. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative | -4 | — | 2 |
| 11:30 | US | 4-Week Bill AuctionThe 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. | 2.410% | — | 2.390% |
| 11:30 | US | 8-Week Bill AuctionThe 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. | 2.410% | — | 2.400% |
| 13:00 | US | ★FOMC Member Kaplan SpeaksFederal Reserve Bank of Dallas President Robert Kaplan. His public engagements are often used to drop subtle clues regarding future monetary policy. | — | — | — |
| 19:00 | US | ★FOMC Member Mester Speaks | — | — | — |
| 20:15 | US | ★Fed Chair Powell SpeaksFederal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2026) is to speak. As head of the Fed, which controls short term interest rates, he has more influence over the U.S. dollar's value than any other person. Traders closely watch his speeches as they are often used to drop hints regarding future monetary policy. | — | — | — |
| Friday, Mar 1 | |||||
| 08:00 | US | OPEC Crude oil Production Iraq (Barrel) | 4.6M | — | 4.7M |
| 08:30 | US | ★Core PCE Price IndexThe Core Personal Consumption Expenditure (PCE) Price Index measures the changes in the price of goods and services purchased by consumers for the purpose of consumption, excluding food and energy. Prices are weighted according to total expenditure per item. It measures price change 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 USD, while a lower than expected reading should be taken as negative/bearish for the USD. | 0.2% | 0.2% | 0.2% |
| 08:30 | US | ★Core PCE Price IndexThe Core PCE price Index is the less volatile measure of the PCE price index which excludes the more volatile and seasonal food and energy prices. The impact on the currency may go both ways, a rise in inflation may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in inflation may lead to a deepened recession and therefore a fall in local currency. | 1.9% | 1.9% | 1.9% |
| 08:30 | US | ★PCE Deflator | 1.7% | 1.7% | 1.8% |
| 08:30 | US | ★PCE Deflator | 0.1% | 0.0% | 0.0% |
| 08:30 | US | Personal IncomePersonal Income measures the change in the total value of income received from all sources by consumers. Income is closely correlated with consumer spending, which accounts for a majority of overall economic activity. 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. | -0.1% | 0.3% | 1.0% |
| 08:30 | US | Personal IncomePersonal Income measures the change in the total value of income received from all sources by consumers. Income is closely correlated with consumer spending, which accounts for a majority of overall economic activity. 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. | 1.0% | 0.5% | 0.2% |
| 08:30 | US | Personal SpendingPersonal Spending measures the change in the inflation-adjusted value of all spending by consumers. Consumer spending accounts for a majority of overall economic activity. However, this report tends to have a mild impact, as government data on retail sales is released about two weeks earlier. 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. | -0.5% | -0.2% | 0.6% |
| 08:30 | US | Real Personal ConsumptionPersonal consumption adjusted for inflation, Personal consumption is divided into two key categories: goods and services. The category of "goods" is further broken down into "durable" goods, which are big-ticket items (refrigerators, television sets, cars, mobile phones, etc.) that will last more than three years, and "non-durable" goods that are more transitory (e.g., cosmetics, fuel, clothing, etc.). A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative. | -0.6% | — | 0.5% |
| 10:00 | US | ★ISM Manufacturing EmploymentThe Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) Report on Business is based on data compiled from monthly replies to questions asked of purchasing and supply executives in over 400 industrial companies. For each of the indicators measured (New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers Inventories, Employment, and Prices), this report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction and the negative economic direction and the diffusion index. Responses are raw data and are never changed. The diffusion index includes the percent of positive responses plus one-half of those responding the same (considered positive). The resulting single index number is then seasonally adjusted to allow for the effects of repetitive intra-year variations resulting primarily from normal differences in weather conditions, various institutional arrangements, and differences attributable to non-moveable holidays. All seasonal adjustment factors are supplied by the U.S. Department of Commerce and are subject annually to relatively minor changes when conditions warrant them. The PMI is a composite index based on the seasonally adjusted diffusion indices for five of the indicators with varying weights: New Orders --30% Production --25% Employment --20% Supplier Deliveries --15% and Inventories -- 10%. 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. | 52.3 | — | 55.5 |
| 10:00 | US | ★ISM Manufacturing New Orders IndexThe Manufacturing ISM Report On Business is based on data compiled from monthly replies to questions asked of purchasing and supply executives in over 400 industrial companies.For each of the indicators measured (New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers Inventories, Employment, and Prices), this report shows the percentage reporting each response,the net difference between the number of responses in the positive economic directionand the negative economic direction and the diffusion index. Responses are raw data and are never changed. The diffusion index includes the percent of positive responses plus one-half of those responding the same (considered positive). The resulting single index number is then seasonally adjusted to allow for the effects of repetitive intra-year variations resulting primarily from normal differences in weather conditions, various institutional arrangements, and differences attributable to non-moveable holidays. All seasonal adjustment factors are supplied by the U.S. Department of Commerce and are subject annually to relatively minor changes when conditions warrant them. The PMI is a composite index based on the seasonally adjusted diffusion indices for five of the indicators with varying weights: New Orders --30% Production --25% Employment --20% Supplier Deliveries --15% and Inventories -- 10%. | 55.5 | — | 58.2 |
| 10:00 | US | ★ISM Manufacturing PMIThe Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) Report on Business is based on data compiled from monthly replies to questions asked of purchasing and supply executives in over 400 industrial companies. For each of the indicators measured (New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers Inventories, Employment, and Prices), this report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction and the negative economic direction and the diffusion index. Responses are raw data and are never changed. The diffusion index includes the percent of positive responses plus one-half of those responding the same (considered positive). The resulting single index number is then seasonally adjusted to allow for the effects of repetitive intra-year variations resulting primarily from normal differences in weather conditions, various institutional arrangements, and differences attributable to non-moveable holidays. All seasonal adjustment factors are supplied by the U.S. Department of Commerce and are subject annually to relatively minor changes when conditions warrant them. The PMI is a composite index based on the seasonally adjusted diffusion indices for five of the indicators with varying weights: New Orders --30% Production --25% Employment --20% Supplier Deliveries --15% and Inventories -- 10%. 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. | 54.2 | 55.5 | 56.6 |
| 10:00 | US | ★ISM Manufacturing PricesThe Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) Report on Business is based on data compiled from monthly replies to questions asked of purchasing and supply executives in over 400 industrial companies. For each of the indicators measured (New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers Inventories, Employment, and Prices), this report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction and the negative economic direction and the diffusion index. Responses are raw data and are never changed. The diffusion index includes the percent of positive responses plus one-half of those responding the same (considered positive). The resulting single index number is then seasonally adjusted to allow for the effects of repetitive intra-year variations resulting primarily from normal differences in weather conditions, various institutional arrangements, and differences attributable to non-moveable holidays. All seasonal adjustment factors are supplied by the U.S. Department of Commerce and are subject annually to relatively minor changes when conditions warrant them. The PMI is a composite index based on the seasonally adjusted diffusion indices for five of the indicators with varying weights: New Orders --30% Production --25% Employment --20% Supplier Deliveries --15% and Inventories -- 10%. The Prices Paid subcategory is a diffusion index calculated by adding the percent of responses indicating they paid more for inputs plus one-half of those responding that they paid the same for inputs. The resulting single index number is then seasonally adjusted. The Prices Paid diffusion index is one of a number of indicators pointing to the degree of inflationary pressures in the economy. 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. | 49.4 | 51.6 | 49.6 |
| 10:00 | US | Michigan 1-Year Inflation ExpectationsUniversity of Michigan (UoM) Inflation Expectations measures the percentage that consumers expect the price of goods and services to change during the next 12 months. There are two versions of this data released two weeks apart,Preliminary and Revised. The preliminary release is the earliest so tends to have more impact. 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. | 2.6% | — | 2.5% |
| 10:00 | US | Michigan 5-Year Inflation ExpectationsThe University of Michigan Inflation Expectations survey of consumers presents the median expected price changes for the next 5 years. 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. | 2.30% | — | 2.30% |
| 10:00 | US | Michigan Consumer ExpectationsThe Michigan sentiment index includes two major components, a "current conditions" component and an "expectations" component. The current conditions component index is based on the answers to two standard questions and the expectations component index is based on three standard questions. This number is the expectations part of the overall index. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative. This is the final number. | 84.4 | — | 86.2 |
| 10:00 | US | ★Michigan Consumer SentimentThe University of Michigan Consumer Sentiment Index rates the relative level of current and future economic conditions. There are two versions of this data released two weeks apart, preliminary and revised. The preliminary data tends to have a greater impact. The reading is compiled from a survey of around 500 consumers. 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. | 93.8 | 95.8 | 95.5 |
| 10:00 | US | Michigan Current ConditionsThe Michigan sentiment index includes two major components, a "current conditions" component and an "expectations" component. The current conditions component index is based on the answers to two standard questions and the expectations component index is based on three standard questions. All five questions have equal weight in determining the overall index. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative. This is the final number. This is the preliminary number. | 108.5 | — | 110.0 |
| 12:45 | US | ★Dallas Fed PCEIn any given month, the rate of inflation in a price index like the Consumer Price Index or Personal Consumption Expenditures (PCE) can be thought of as a weighted average, or mean, of the rates of change in the prices of all the goods and services that make up the index. Calculating the trimmed-mean PCE inflation rate for a given month involves looking at the price changes for each of the individual components of personal consumption expenditures. The individual price changes are sorted in ascending order from fell the most to rose the most, and a certain fraction of the most extreme observations at both ends of the spectrum are like a skaters best and worst marks thrown out, or trimmed. The inflation rate is then calculated as a weighted average of the remaining components. For the series presented here, 19.4 percent of the weight from the lower tail and 25.4 percent of the weight in the upper tail are trimmed. Those proportions have been chosen, based on historical data, to give the best fit between the trimmed-mean inflation rate and proxies for the true core PCE inflation rate. The resulting inflation measure has been shown to outperform the more conventional excluding food and energy measure as a gauge of core inflation. | 1.70% | — | 2.40% |
| 12:50 | US | ★FOMC Member Bostic SpeaksFederal Reserve Bank of Atlanta President Raphael Bostic. His public engagements are often used to drop subtle clues regarding future monetary policy. | — | — | — |
| 13:00 | US | U.S. Baker Hughes Oil Rig CountThe Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products. | 843 | — | 853 |
| 13:00 | US | U.S. Baker Hughes Total Rig Count | 1,038 | — | 1,047 |
| 14:30 | US | All Car SalesAll Car Sales is a report by the Bureau of Economic Analysis on the sales of all passenger cars, including station wagons, A strong number will indicate a strong economy. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative | 4.99M | — | 4.75M |
| 14:30 | US | All Truck SalesPreliminary data are reported for the latest month, usually at the first workingday of the following month by Reuters using reported light vehicle sales and seasonal factors supplied by the U.S. Department of Commerce. All passenger cars and light truck sales. | 12.23M | — | 11.69M |
| 15:30 | US | CFTC Copper speculative net positionsThe Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday. | 0.9K | — | -6.1K |
| 15:30 | US | CFTC Corn speculative net positions | 35.8K | — | 128.2K |
| 15:30 | US | CFTC Crude Oil speculative net positions | 314.0K | — | 321.6K |
| 15:30 | US | CFTC Gold speculative net positionsThe Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday. | 145.6K | — | 109.1K |
| 15:30 | US | CFTC Natural Gas speculative net positionsThe Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for ""non-commercial"" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday. | -31.9K | — | 3.2K |
| 15:30 | US | CFTC S&P 500 speculative net positionsThe Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday. | -130.8K | — | -116.2K |
| 15:30 | US | CFTC Silver speculative net positionsThe Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday. | 50.3K | — | 57.1K |
| 15:30 | US | CFTC Soybeans speculative net positions | -28.3K | — | 6.9K |
| 15:30 | US | CFTC Wheat speculative net positions | -19.2K | — | 18.4K |
| 15:30 | US | Total Vehicle SalesTotal Vehicle Sales measures the annualized number of new vehicles sold domestically in the reported month. It is an important indicator of consumer spending and is also correlated to consumer confidence. 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. | 16.60M | 16.80M | 16.70M |
★ marks releases that usually move markets (inflation, jobs, growth, central-bank decisions). Click an event for what it measures. Actual values fill in as they're published.
| Release | Days | S&P 500 move | vs a typical day | Up / down | Average | Biggest up | Biggest down | Nasdaq move |
|---|---|---|---|---|---|---|---|---|
| CPI | 60 | ±0.96% | 1.2× | 32 / 28 | +0.09% | +5.5% Nov 22 | −4.3% Sep 22 | ±1.33% |
| Jobs report | 56 | ±1.02% | 1.3× | 27 / 29 | −0.19% | +2.3% Jan 23 | −6.0% Apr 25 | ±1.38% |
| Fed decision | 40 | ±0.99% | 1.3× | 17 / 23 | +0.06% | +3.0% May 22 | −2.9% Dec 24 | ±1.32% |
| PPI | 58 | ±0.69% | 0.9× | 34 / 24 | +0.17% | +2.1% Mar 22 | −1.6% Jan 23 | ±0.92% |
| Retail sales | 59 | ±0.78% | 1.0× | 26 / 33 | −0.06% | +2.2% Mar 22 | −2.5% Dec 22 | ±0.99% |
| GDP | 61 | ±0.72% | 0.9× | 34 / 27 | +0.27% | +3.1% Nov 22 | −2.1% Sep 22 | ±1.06% |
| PCE inflation | 58 | ±0.90% | 1.2× | 34 / 24 | +0.26% | +2.5% May 22 | −3.6% Apr 22 | ±1.13% |
| A typical day | — | ±0.77% | 1.0× | ±1.06% | ||||
Each release day's close against the session before. Most of these come at 8:30 ET, before the open; Fed decisions at 2:00 ET. Other news moves markets on the same days, so this is how those days have gone, not what the release alone did.