02:30 |
|
Construction Work Done
|
4 quarter |
-1.8% |
1.1% |
-0.9% |
Sedang
|
The estimate for total construction work done. The estimate is published some time after the house-foundations laying data release and serves as a GDP indicator. |
02:30 |
|
Wage Cost Index
|
4 quarter |
0.1% q/q; 1.4% y/y |
0.3% q/q; 1.1% y/y |
0.6% q/q; 1.4% y/y |
Sedang
|
Measures quarterly changes in Australian wages. Two versions of the Labor Price Index exist: one which includes bonuses, and one which excludes them. The Labor Price Index is similar to the US Employment Cost Index, an early indicator of wages pressure on inflation. An increase in the index suggests rising inflation pressures because firms tend to eventually pass higher labor costs onto consumers in the form of higher prices.
The headline figure is the quarterly percentage change in the Labor Price Index.
Technical note: The index is constructed by combining 8 separate indexes. The 4 wage price indices are:
• ordinary time hourly rates of pay excluding bonuses index
• ordinary time hourly rates of pay including bonuses index
• total hourly rates of pay excluding bonuses index
• total hourly rates of pay including bonuses index
The 4 non-wage price indices are:
• annual and public holiday leave
• superannuation
• payroll tax
• workers' compensation |
03:00 |
|
Official Cash Rate
|
Feb |
0.25% |
0.25% |
0.25% |
Tinggi
|
The Official Cash Rate (OCR) is the interest rate set by the Reserve Bank to meet the inflation target specified in the Policy Targets Agreement (PTA). The current PTA, signed in September 2012, defines price stability as annual increases in the Consumers Price Index (CPI) of between 1 and 3 per cent on average over the medium term, with a focus on keeping future average inflation near the 2 percent target midpoint. |
03:00 |
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RBNZ Rate Statement
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Tinggi
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The Reserve Bank of New Zealand (RBNZ) releases this statement in connection to its recent decision on short-term interest rates. Interest rates are a primary determinant of a currency's value and these statements are used by traders to determine future monetary policy decisions. |
03:00 |
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RBNZ Monetary Policy Statement
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Sedang
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The RBNZ is issued regarding the recent decision on interest rates and is required to include all details on how the bank will achieve its inflation targets and how it intends on achieving its recent monetary policy decisions. |
04:00 |
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RBNZ Press Conference
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Tinggi
|
Reserve Bank of New Zealand press conference.
The Bank's press conference summarizes the main points of the assessment of the current situation, both in New Zealand itself and outside it. Traders and investors are trying to catch the hints of changing the current rate, that is, raising or lowering the rate, or maintaining the status quo. Unexpected comments can cause very serious movements. |
14:00 |
|
MPC Member Andy Haldane Speaks
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Sedang
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Andy Haldane is the Chief Economist at the Bank of England and also a voting member of the Bank’s Monetary Policy Committee since June 2014 until May 2017. He was acknowledged as being one amongst the world's 100 most influential people. His speeches are mainly focused on financial stability, monetary issues and market risks. All these topics may provide markets with a direction in the regulator’s situation assessment and its further actions. |
16:30 |
|
Parliamentary Hearings on the BoE Monetary Policy Report
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Tinggi
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The members of the Bank of England's monetary committee and the head of the Bank once a quarter, after the publication of the report on monetary policy, speak to the Treasury committee, where they answer questions from parliamentarians and explain their vision of the situation in the economy and report on how they voted at meetings of the Bank of England over the past year. |
16:30 |
|
BOE Deputy Governor Andrew Bailey Speaks
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Tinggi
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Andrew Bailey assumed the role of Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority (PRA) on 1 April 2013. As Deputy Governor for Prudential Regulation and CEO of the PRA, Andrew Bailey is also a member of the Bank’s Court of Directors, the PRA Board, the Financial Policy Committee, and the Board of the Financial Conduct Authority. |
16:30 |
|
BOE Deputy Governor for Monetary Policy Ben Broadbent Speaks
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Sedang
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Ben Broadbent became Deputy Governor on 1 July 2014. Prior to that, he was an external member of the Monetary Policy Committee from 1 June 2011. In addition to his membership of the Monetary Policy Committee and Financial Policy Committee, he has specific responsibility within the Bank for Monetary Policy, including monetary analysis and notes. |
16:30 |
|
MPC Member Gertjan Vlieghe Speaks
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Sedang
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Vlieghe was an economic assistant to Lord Mervyn King at the Bank of England. He then worked as a bond strategist and director at the Deutsche Bank. Later, he worked as a senior economist at Brevan Howard, a hedge fund based in London.
On 28 July 2015, it was announced that he would replace David Miles in September 2015 in the nine-member Monetary Policy Committee (MPC) of the Bank of England. |
16:30 |
|
ILC Bank of England member Jonathan Haskell will deliver a speech
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Sedang
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Jonathan Haskell will be a member of the Monetary Policy Committee of the Bank of England from September 1, 2018. Professor of Economics, held various managerial positions in educational institutions in the UK, taught students in Europe and the USA. Author of the book "Capitalism Without Capital". His statements can have an impact on the sterling rate, as they can affect the market's assessment of the balance of power in the cabinet. |
17:00 |
|
New Home Sales
|
Jan |
885K; 5.5% |
853K; 2.1% |
923K; 4.3% |
Sedang
|
Records sales of newly constructed residences in the United States. The figure is a timely gauge of housing market conditions counting home sales when initial housing contracts are signed. Because New Home Sales usually trigger a sequence of consumption, they have significant market impact upon release. In addition to the high expenditure of the new home, buyers are likely to spend more money on furnishing customizing and financing their home. Consequently, growth in the housing market spurs more consumption, generating demand for goods, services and the employees who provide them.
Generally, the housing market is tracked by a number of reports that mark different stages of the construction and home sale process. The first stage is Building Permits, which precede Housing Starts, which lead to Construction Spending, MBA Mortgage Applications and, finally, New Home Sales and Existing Home Sales. As the headline housing figure, New Home Sales are believed to control some of the volatility of other data. For instance, Building Permits and Housing Starts are considered more indicative of business confidence and production rather than consumer spending. And while Existing Home Sales figures are more indicative of consumer expenditures, they are lagging indicators with less predictive value. New Home Sales numbers are considered confirmatory of housing trends and still predictive of consumer spending.
New Home Sales is also a good indicator of economic turning points due to its sensitivity to consumer income. Buying a house is always a major expenditure, typically only undertaken when consumers have sufficient savings or are optimistic about future earnings. Historically, when economic conditions slow, New Home Sales are one of the first indicators to reflect the change. By the same token, New Home Sales undergo substantial growth when the economy has emerged from recession and wages have begun to pick up.
The report headline is the total amount of properties sold. |
17:00 |
|
Federal Reserve Chairman Jerome Powell Speaks
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Tinggi
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Federal Reserve Chair Jerome Powell.
Fed Chair Feb 2018 - Feb 2022. Fed Governor May 2012 - Jan 2028. The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility.
As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy. |
17:30 |
|
Crude Oil Inventories
|
Feb |
-7257K |
-6500K |
1285K |
Sedang
|
The actual inventories of crude oil, gasoline, and distillate, such as jet fuel, as reported on a weekly basis. The numbers are watched closely by the energy markets, and if the results differ greatly from the expected inventory levels, the market can react strongly. The inventory data can be skewed by holidays and seasonal factors. Weekly data can be unreliable and should be viewed as a part of longer-term trends, so a four-week moving average may be more useful. |
17:30 |
|
FOMC Member Lael Brainard Speaks
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Sedang
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Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy. |
20:00 |
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FOMC member Richard Clarida will deliver a speech
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Sedang
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Richard Clarida has been serving as vice chairman of the Fed since September 17, 2018. He is a voting member of the FOMC, that is, he is directly involved in the formation of monetary policy. More optimistic statements, if expected, may support the demand for risk. On the other hand, concerns about inflation could benefit the dollar on expectations of tightening policies. |
21:10 |
|
RBNZ Governor Adrian Orr Speaks
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Tinggi
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Adrian Orr will be the Governor of the Reserve Bank of New Zealand from March 2018. The Reserve Bank uses monetary policy to maintain price stability as defined in the Policy Targets Agreement (PTA). The current PTA requires the Bank to keep inflation between 1 and 3 percent on average over the medium term. The Bank implements monetary policy by setting the Official Cash Rate (OCR), which is reviewed eight times a year. |
23:00 |
|
FOMC member Richard Clarida will deliver a speech
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Sedang
|
Richard Clarida has been serving as vice chairman of the Fed since September 17, 2018. He is a voting member of the FOMC, that is, he is directly involved in the formation of monetary policy. More optimistic statements, if expected, may support the demand for risk. On the other hand, concerns about inflation could benefit the dollar on expectations of tightening policies. |