Economic Calendar as of May 16th

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05/16/202410:30 AMUSAUSAEIA Natural Gas Storage ChangeMay 10 202479.00B76.00B70.00B7.89%
1
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05/16/20249:15 AMUSAUSAManufacturing ProductionApr 20240.200.10-0.30400.00%
1
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05/16/20249:15 AMUSAUSACapacity Utilization RateApr 202478.5078.4078.40
1
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05/16/20249:15 AMUSAUSAIndustrial Production (YoY)Apr 20240.09-0.38
2
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05/16/20249:00 AMRUSRUSCentral Bank Reserve 2024595.70B598.40B
1
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05/16/20248:30 AMUSAUSAPhilly Fed Prices PaidMay 202423.0018.70
1
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05/16/20248:30 AMUSAUSAPhilly Fed New OrdersMay 202412.20-7.90
1
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05/16/20248:30 AMUSAUSAPhilly Fed EmploymentMay 2024-10.70-7.90
2
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05/16/20248:30 AMUSAUSAPhilly Fed CAPEX IndexMay 202420.0020.10
1
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05/16/20248:30 AMUSAUSAPhilly Fed Business ConditionsMay 202434.3032.40
1
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05/16/20248:30 AMUSAUSAPhiladelphia Fed Manufacturing SurveyMay 202415.507.704.5041.56%
3
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05/16/20248:30 AMUSAUSAInitial Jobless ClaimsMay 10 2024232.00K219.00K222.00K-1.37%
2
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05/16/20248:30 AMUSAUSAImport Price Index (YoY)Apr 20240.401.10
1
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05/16/20248:30 AMUSAUSAImport Price Index (MoM)Apr 20240.600.200.90-350.00%
2
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05/16/20248:30 AMUSAUSAHousing Starts (MoM)Apr 2024-16.805.70
2
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05/16/20248:30 AMUSAUSAHousing Starts Change (MoM)Apr 20241.29M1.42M1.36M4.23%
1
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05/16/20248:30 AMUSAUSAExport Price Index (MoM)Apr 20240.100.400.50-25.00%
2
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05/16/20248:30 AMUSAUSAExport Price Index (YoY)Apr 2024-1.40-1.00
1
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05/16/20248:30 AMUSAUSAContinuing Jobless ClaimsMay 10 20241.78M1.78M1.79M-0.79%
1
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05/16/20248:30 AMUSAUSAInitial Jobless Claims 4-week averageMay 10 2024215.25K217.75K
1
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05/16/20248:30 AMUSAUSABuilding Permits (MoM) - PrelimApr 2024-5.00-3.00
1
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05/16/20248:30 AMUSAUSABuilding Permits - PrelimApr 20241.46M1.48M1.44M2.70%
2
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05/16/20247:00 AMISRISRM1 Money Supply (YoY) 2024-11.30-8.80
1
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05/16/20247:00 AMBRABRAIGP-10 Inflation Index 2024-0.301.10
1
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05/16/20249:30 PMCHNCHNHouse Price IndexApr 2024-2.20
1
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05/16/20247:55 PMKORKORTrade BalanceApr 20241.53B
1
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05/16/20247:55 PMKORKORExports (YoY)Apr 202413.80
1
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05/16/20247:55 PMKORKORImports (YoY)Apr 20245.40
1
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05/16/202412:00 PMRUSRUSGDP Quarterly (YoY)Q1 20244.905.30
2
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05/16/20247:30 AMDEUDEUGerman Buba President Nagel speech 2024
2
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05/16/20246:00 AMISRISRGDP (QoQ)Q1 2024-21.0014.10
2
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05/16/20245:00 AMITAITATrade Balance (Non-EU)Apr 20246.00B4.77B4.34B8.99%
1
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05/16/20245:00 AMITAITATrade Balance (EU)Mar 2024-890.00M-1.43B
1
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05/16/20244:00 AMITAITAHICP (YoY)Apr 20241.001.000.9010.00%
1
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05/16/20244:00 AMITAITACPI (YoY)Apr 20241.200.900.8011.11%
1
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05/16/20244:00 AMITAITACPI (MoM)Apr 20240.000.200.1050.00%
1
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05/16/20244:00 AMITAITAHICP (MoM)Apr 20240.600.600.5016.67%
1
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05/16/20242:00 AMNORNORGDP Mainland (QoQ)Q1 20240.300.200.20
1
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05/16/20242:00 AMNORNORGDP (QoQ)Q1 20241.600.20
1
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05/16/202412:30 AMJPNJPNCapacity Utilization (MoM)Mar 2024-0.501.30
1
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05/16/202412:30 AMJPNJPNIndustrial Production (MoM)Mar 2024-0.603.804.40-15.79%
2
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05/16/20245:00 AMEUREURHICP (YoY)Apr 20242.402.40
1
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05/16/20244:40 AMESPESP5-Year Bonos Auction 20242.97
1
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05/16/20244:40 AMESPESP3-Year Bonos Auction 20242.99
1
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05/16/202410:00 PMCHNCHNNBS Press Conference 2024
2
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05/16/202410:00 PMCHNCHNRetail Sales (YoY)Apr 20243.103.90
1
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05/16/202410:00 PMCHNCHNIndustrial Production (YoY)Apr 20244.505.40
2
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05/16/202410:00 PMCHNCHNFixed Asset Investment (YTD) (YoY)Apr 20244.504.60
2
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05/16/20249:30 PMSGPSGPTrade Balance 20244.66B
1
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05/16/20246:45 PMNZLNZLPPI Output (QoQ)Q1 20240.700.50
1
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05/16/20246:45 PMNZLNZLPPI Input (QoQ)Q1 20240.900.60
2
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05/16/20244:30 PMUSAUSAReserve Balances with Federal Reserve Banks 20243331.00B
1
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05/16/20244:30 PMUSAUSAFed's Balance Sheet 20247353.00B
2
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05/16/20243:50 PMUSAUSAFed's Bostic speech 2024
1
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05/16/202411:30 AMUSAUSAFed's Mester Speaks 2024
2
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05/16/202411:30 AMUSAUSA8-Week Bill Auction 20245.28
1
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05/16/202411:30 AMUSAUSA4-Week Bill Auction 20245.27
1
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05/16/202410:30 AMUSAUSAFed's Harker Speaks 2024
2
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05/16/202410:00 AMUSAUSAFed Vice Chair for Supervision Barr Speaks 2024
2
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05/16/20245:00 AMEUREURCPI ex Tobacco (YoY)Apr 20241.20
1
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05/16/20243:00 AMDEUDEUGerman Buba Mauderer Speaks 2024
2
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05/16/20244:30 AMHKGHKGGDP (QoQ)Q1 20242.30
1
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05/16/20244:30 AMHKGHKGGDP (YoY)Q1 20242.70
1
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05/16/202410:00 PMCHNCHNChinese Industrial Production YTD (YoY)Apr 20246.10
2
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05/16/20247:00 PMKORKORUnemployment RateApr 20242.80
1
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05/15/20249:30 PMAUSAUSLabor Force Participation RateApr 202466.6066.6066.70-0.15%
1
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05/15/20249:30 PMAUSAUSEmployment ChangeApr 2024-5.90K23.70K38.50K-62.45%
2
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05/15/20249:30 PMAUSAUSUnemployment RateApr 20243.803.904.10-5.13%
2
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05/15/20249:30 PMAUSAUSPart-Time EmploymentApr 2024-32.50K44.60K
2
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05/15/202411:00 PMKORKORM2 Money SupplyMar 20244.605.60
1
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05/15/20247:50 PMJPNJPNGDP Price Index (YoY)Q1 20243.903.303.70-12.12%
2
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05/15/20247:50 PMJPNJPNGDP Private Consumption (QoQ) - PrelmQ1 2024-0.40-0.20-0.70-250.00%
1
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05/15/20247:50 PMJPNJPNGDP External Demand (QoQ) - PrelimQ1 20240.20-0.30-0.30
1
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05/15/20247:50 PMJPNJPNGDP Capital Expenditure (QoQ) - PrelimQ1 20241.80-0.80
1
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05/15/20247:50 PMJPNJPNGDP (YoY) - PrelimQ1 20240.00-1.50-2.00-33.33%
2
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05/15/20247:50 PMJPNJPNGDP (QoQ) - PrelimQ1 20240.00-0.30-0.50-66.67%
3
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05/15/20247:50 PMJPNJPNForeign Investment in Japan Stocks 2024268.60B660.80B
1
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05/15/20244:00 PMUSAUSATIC Net Long-Term TransactionsMar 202462.90B89.30B100.50B-12.54%
1
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05/15/20247:50 PMJPNJPNForeign Bonds Buying 2024-1018.40B-396.60B
1
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05/15/20244:00 PMUSAUSATotal Net TIC FlowsMar 202442.00B102.10B
1
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05/15/20244:00 PMUSAUSATIC Net Long-Term Transactions including SwapsMar 202462.90B100.50B
1
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05/15/20244:00 PMUSAUSAUS Foreign Buying, T-bondsMar 202487.40B42.20B
1
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05/15/202411:30 AMISRISRCPI (MoM) 20240.600.600.80-33.33%
1
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05/15/202411:30 AMISRISRCPI (YoY) 20242.702.502.80-12.00%
1
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05/15/202411:00 AMUSAUSACleveland CPI (MoM)Apr 20240.400.30
1
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05/15/202410:30 AMUSAUSAEIA Crude Oil Stocks ChangeMay 10 2024-1.36M-1.35M-2.51M-85.78%
3
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05/15/202410:30 AMUSAUSAEIA Weekly Refinery Utilization RatesMay 10 20241.001.90
1
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05/15/202410:30 AMUSAUSAGasoline InventoriesMay 10 2024915.00K880.00K-235.00K126.70%
1
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05/15/202410:30 AMUSAUSAHeating Oil StockpilesMay 10 2024285.00K-680.00K
1
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05/15/202410:30 AMUSAUSAGasoline ProductionMay 10 202499.00K203.00K
1
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05/15/202410:30 AMUSAUSAEIA Weekly Distillates StocksMay 10 2024560.00K770.00K-45.00K105.84%
1
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05/15/202410:30 AMUSAUSADistillate Fuel Production 2024275.00K21.00K
1
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05/15/202410:30 AMUSAUSACushing Crude Oil InventoriesMay 10 20241.88M-341.00K
2
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05/15/202410:30 AMUSAUSACrude Oil ImportsMay 17 2024-353.00K108.00K
1
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05/15/202410:30 AMUSAUSACrude Oil InventoriesMay 10 2024-1.36M-400.00K-2.51M-527.00%
1
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05/15/202410:30 AMUSAUSAEIA Refinery Crude RunsMay 10 2024307.00K307.00K
1
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05/15/202410:06 AMUSAUSAFed Vice Chair for Supervision Barr Speaks 2024
2
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05/15/202410:00 AMUSAUSANAHB Housing Market IndexMay 202451.0051.0045.0011.76%
2
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05/15/202410:00 AMUSAUSABusiness Inventories (MoM)Mar 20240.300.00-0.10Infinity%
2
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05/15/20248:30 AMUSAUSARetail Sales ex Autos (MoM)Apr 20240.900.200.20
3
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05/15/20248:30 AMUSAUSARetail Sales Control Group (MoM)Apr 20241.00-0.30
2
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05/15/20248:30 AMUSAUSARetail Sales Ex Gas/Autos (MoM)Apr 20240.70-0.10
2
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05/15/20248:30 AMUSAUSARetail Sales (YoY)Apr 20243.833.04
1
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05/15/20248:30 AMUSAUSARetail Sales (MoM)Apr 20240.600.400.00100.00%
3
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05/15/20248:30 AMUSAUSAReal Earnings (MoM)Apr 20240.30-0.40
1
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05/15/20248:30 AMUSAUSANY Empire State Manufacturing IndexMay 2024-14.30-9.90-15.60-57.58%
2
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05/15/20248:30 AMCANCANManufacturing Sales (MoM)Apr 20240.90-2.40-2.1012.50%
1
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05/15/20248:30 AMUSAUSACPI Index, s.aApr 2024312.23312.21
1
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05/15/20248:30 AMUSAUSACPI (MoM)Apr 20240.400.400.3025.00%
3
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05/15/20248:30 AMUSAUSACPI (YoY)Apr 20243.503.403.40
3
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05/15/20248:30 AMUSAUSACPI Index, n.s.a.Apr 2024312.33313.76313.550.07%
1
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05/15/20248:30 AMUSAUSACore CPI (YoY)Apr 20243.803.603.60
2
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05/15/20248:30 AMUSAUSACore CPI (MoM)Apr 20240.400.300.30
3
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05/15/20248:15 AMCANCANHousing Starts (YoY) 2024242.20K239.00K240.20K-0.50%
2
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05/15/20248:00 AMBRABRAIBC-Br Economic ActivityMar 20240.40-0.30-0.34-13.33%
1
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05/15/20247:30 AMINDINDM3 Money Supply 202410.9011.10
1
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05/15/20247:00 AMUSAUSAMBA 30-Year Mortgage RateMay 10 20247.187.08
1
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05/15/20247:00 AMUSAUSAMBA Mortgage ApplicationsMay 10 20242.600.50
1
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05/15/20247:00 AMZAFZAFRetail Sales (YoY)Mar 2024-0.702.30
1
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05/15/20247:00 AMUSAUSAMortgage Refinance IndexMay 10 2024477.50499.90
1
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05/15/20247:00 AMUSAUSAMortgage Market IndexMay 10 2024197.10198.10
1
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05/15/20247:00 AMUSAUSAMBA Purchase IndexMay 10 2024144.20141.70
1
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05/15/20246:00 AMEUREURReserve Assets TotalApr 20241214.96B1253.84B
1
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05/15/20245:30 AMDEUDEU30-Year Bond Auction 20242.622.62
1
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05/15/20245:00 AMEUREUREmployment Change (QoQ) - Prelim 20240.300.300.30
1
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05/15/20245:00 AMEUREUREmployment Change (YoY) - Prelim 20241.201.00
1
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05/15/20245:00 AMEUREUREmployment Overall - PrelimQ1 2024167.53M169.84M
1
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05/15/20245:00 AMEUREURIndustrial Production s.a. (MoM)Mar 20241.000.500.60-20.00%
2
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05/15/20245:00 AMEUREURIndustrial Production w.d.a. (YoY)Mar 2024-6.30-1.20-1.0016.67%
1
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05/15/20245:00 AMEUREURGDP s.a. (YoY)Q1 20240.400.400.40
3
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05/15/20245:00 AMEUREURGDP s.a. (QoQ)Q1 20240.300.300.30
3
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05/15/20244:40 AMINDINDImports (USD) 202457.28B34.99B
1
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05/15/20244:40 AMINDINDExports (USD) 202441.68B34.99B
1
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05/15/20244:40 AMINDINDTrade Balance 2024-15.60B54.09B
1
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05/15/20243:20 PMUSAUSAFed's Bowman speech 2024
2
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05/15/202412:00 PMUSAUSAFed's Kashkari Speaks 2024
2
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05/15/20242:45 AMFRAFRAConsumer Price Index (EU norm) (YoY)Apr 20242.402.402.40
2
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05/15/20242:45 AMFRAFRAConsumer Price Index (EU norm) (MoM)Apr 20240.600.600.60
1
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05/15/20242:45 AMFRAFRAInflation ex-tobacco (MoM)Apr 20242.102.10
1
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05/15/20242:45 AMFRAFRAFrench HICP (MoM) 20240.200.600.60
2
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05/15/20244:00 AMUSAUSAIEA Monthly ReportMay 2024
2
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05/15/20242:30 AMHUNHUNIndustrial Output (YoY)Mar 2024-10.40-10.40
1
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05/15/20242:00 AMNORNORTrade BalanceApr 202463.30B65.30B
1
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05/15/20242:00 AMSWESWECPIF Ex Energy YoY (YoY)Apr 20252.902.90
1
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05/15/20242:00 AMSWESWECPIF Ex Energy MoM (MoM)Apr 20240.000.40
1
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05/15/202412:00 AMIDNIDNTrade BalanceApr 20244.58B3.30B3.56B-7.88%
1
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05/15/202412:00 AMIDNIDNImportsApr 2024-12.768.694.6246.84%
1
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05/15/202412:00 AMIDNIDNExportsApr 2024-3.754.571.7262.36%
1
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05/14/20246:00 AMEUREUREurogroup Meeting 2024
2
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05/14/20249:30 PMAUSAUSWage Price Index (YoY)Q1 20240.904.204.102.38%
1
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05/14/20249:30 PMAUSAUSWage Price Index (QoQ)Q1 20241.000.900.8011.11%
2
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05/14/20244:30 PMUSAUSAAPI Weekly Crude Oil StockMay 10 2024509.00K-1.35M-3.10M-129.93%
1
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05/14/202411:30 AMUSAUSA52-Week Bill Auction 20244.924.89
1
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05/14/20248:55 AMUSAUSARedbook Index (YoY)May 10 20246.006.30
1
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05/14/20248:30 AMCANCANWholesale Sales (MoM)Mar 20240.20-0.90-1.10-22.22%
2
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05/14/20248:30 AMUSAUSACore PPI (YoY)Apr 20242.102.402.40
1
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05/14/20248:30 AMUSAUSACore PPI (MoM)Apr 2024-0.100.200.50-150.00%
2
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05/14/20248:30 AMUSAUSAPPI ex. Food/Energy/Transport (MoM)Apr 20240.200.40
1
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05/14/20248:30 AMUSAUSAPPI ex. Food/Energy/Transport (YoY)Apr 20242.803.10
1
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05/14/20248:30 AMUSAUSAPPI (MoM)Apr 2024-0.100.300.50-66.67%
3
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05/14/20248:30 AMUSAUSAPPI (YoY)Apr 20241.802.202.20
1
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05/14/20246:00 AMBRABRABrazilian Service Sector Growth (YoY)Mar 20242.50-2.30
1
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05/14/20246:00 AMBRABRABrazilian Service Sector Growth (MoM)Mar 2024-0.900.40
1
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05/14/20247:00 AMBRABRABCB Copom Meeting Minutes-
1
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05/14/20249:15 AMEUREURECB's Schnabel speech-
2
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05/14/20246:00 AMEUREUREcoFin Meeting-
1
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05/14/20246:00 AMUSAUSANFIB Small Business OptimismApr 202488.5088.1089.70-1.82%
1
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05/14/20244:31 AMGBRGBRLabour Productivity - PrelimQ1 2024-0.90-0.30
2
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05/14/20245:30 AMZAFZAFUnemployment TotalQ1 20247.89M8.23M
1
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05/14/20245:30 AMZAFZAFUnemployment Rate (%)Q1 202432.1032.90
1
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05/14/20244:40 AMESPESP3-Month Letras Auction 20243.603.58
1
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05/14/20243:00 AMESPESPCPI (YoY)Apr 20243.203.303.30
2
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05/14/20243:00 AMESPESPCPI (MoM)Apr 20240.800.700.70
1
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05/14/20243:00 AMESPESPHICP (YoY)Apr 20243.303.403.40
1
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05/14/20243:00 AMESPESPHICP (MoM)Apr 20241.400.600.60
1
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05/14/20245:00 AMDEUDEUZEW Survey Current SituationMay 2024-79.20-75.00-72.303.60%
2
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05/14/20245:00 AMDEUDEUZEW Survey Economic SentimentMay 202442.9044.9047.10-4.90%
2
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05/14/20245:00 AMEUREURZEW Economic SentimentMay 202443.9046.1047.00-1.95%
2
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05/14/20245:00 AMZAFZAFGold Production (YoY)Mar 2024-5.00-4.50
1
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05/14/20245:00 AMZAFZAFMining Production (YoY)Apr 202410.30-5.80
1
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05/14/20247:00 PMCANCANLeading Index (MoM)Apr 20240.26
1
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05/14/202410:00 AMUSAUSAFed's Chair Powell Speaks 2024
3
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05/14/20249:10 AMUSAUSAFed's Governor Cook Speaks 2024
1
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05/14/20247:00 AMUSAUSAOPEC Monthly Report 2024
2
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05/14/20242:30 AMCHECHEProducer and Import Prices (MoM) 20240.10
1
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05/14/20242:30 AMCHECHEPPI (YoY)Apr 2024-2.10-1.80
1
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05/14/20242:30 AMCHECHEPPI (MoM)Apr 20240.100.200.60-200.00%
2
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05/14/20242:30 AMCHECHEProducer and Import Prices (YoY) 2024-2.10
1
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05/14/20242:30 AMINDINDWPI Fuel (YoY)Apr 2024-0.771.38
1
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05/14/20242:30 AMINDINDWPI Food (YoY)Apr 20246.887.74
1
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05/14/20242:30 AMINDINDWPI Inflation (YoY)Apr 20240.531.001.26-26.00%
2
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05/14/20242:30 AMINDINDWPI Manufacturing Inflation (YoY)Apr 2024-0.85-0.42
1
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05/14/20242:00 AMGBRGBREmployment ChangeMar 2024-156.00K-215.00K-177.00K17.67%
2
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05/14/20242:00 AMGBRGBRAverage Earnings Excluding Bonus (3Mo/Yr)Mar 20246.006.00
2
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05/14/20242:00 AMGBRGBRAverage Earnings Including Bonus (3Mo/Yr)Mar 20245.605.305.70-7.55%
2
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05/14/20242:00 AMGBRGBRClaimant Count RateApr 20244.004.10
2
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05/14/20242:00 AMGBRGBRClaimant Count ChangeApr 2024-2.40K13.90K8.90K35.97%
2
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05/14/20242:00 AMGBRGBRUnemployment RateMar 20244.204.304.30
2
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05/14/20242:00 AMDEUDEUCPI (YoY)Apr 20242.202.202.20
1
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05/14/20242:00 AMDEUDEUCPI (MoM)Apr 20240.400.500.50
1
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05/14/20242:00 AMDEUDEUHICP (MoM)Apr 20240.600.600.60
1
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05/14/20242:00 AMDEUDEUHICP (YoY)Apr 20242.302.402.40
1
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05/14/20242:00 AMJPNJPNMachinery Orders (MoM)Apr 2024-8.50-11.60
1
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05/14/20241:00 AMFINFINCPI (YoY)Apr 20242.201.90
1
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05/13/202411:35 PMJPNJPN5-Year JGB Auction 20240.400.57
1
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05/13/20246:45 PMNZLNZLExternal Migration VisitorsMar 202435.0027.90
1
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05/13/20246:45 PMNZLNZLPermanent/Long-Term MigrationMar 20246.33K4.91K
1
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05/13/20246:45 PMNZLNZLVisitor Arrivals (MoM)Mar 20241.609.10
1
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05/13/20245:00 PMKORKORImport Price IndexApr 2024-0.502.90
1
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05/13/20245:00 PMKORKORExport Price Index (YoY)Apr 20242.306.20
1
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05/13/20246:45 PMNZLNZLElectronic Card Retail SalesApr 2024-2.30-3.80
2
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05/13/202411:00 PMIDNIDNRetail Sales (YoY) 20246.409.30
1
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05/13/20247:50 PMJPNJPNPPI (MoM)Apr 20240.200.30
1
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Recent Economic News

Benzinga Market Summary: Walmart Reports Strong Earnings, Down Reaches 40,000, Initial Jobless Claims Come In Above Expectations
USA Natural Gas Storage 70B Vs 76B Est.; 79B Prior
Fed's Barkin Says The Inflation Story Is "Much Longer Term" Than What Happens In The Market
Fed's Barkin Says The Question Now Is For How Long Rates Need To Be Held Where They Are To Get The Required Impact On Inflation
Fed's Barkin Says I Do Believe Inflation Is Coming Down, But Will Take More Time
Fed's Barkin Says The "Edge" Will Need To Come Off Demand For Inflation To Return To Target; Overall Labor Market Numbers Are Normalizing; Jobless Claims Are Low By Historic Standards But May Be Edging Up
Richmond Fed's Barkin Says Companies Still Saying There Is "No Crime" In Trying To Raise Prices; Services In Particular Still Feel They Can Raise Prices; Latest Retail Sales Numbers Point To "Good But Not Great" Consumer Spending; CPI Still Not Where The Fed Is Trying To Get
U.S. To Favor Long-Standing Investors For Venezuela Oil Licenses Over Newcomers, Say Sources
Leader Of Yemen's Houthis Says Any Ship Heading To Israeli Ports Will Be Targeted In Any Area In Our Reach; Our Operations Are Not Only Limited To The Red Sea Region
US Inflation Data Prematurely Released By Accident, Yet Traders Missed Golden Opportunity

What Are Economics in Investing?

Economics can be defined as the social science concerned with the production, distribution, and consuming of goods and services. The study of economics can be further divided into macroeconomics, which deals with the economies of nations and regions, and microeconomics, which concentrates on individuals and businesses. 

Economists study capital flows and the way businesses, nations and regions allocate resources. They also look at how the cost of labor and international trade flows affect the prices of goods and services. Other important fundamental data affecting economies include the levels of supply and demand for key resources. 

As it relates to investing and trading, the study of economics typically involves gaining an understanding about how the events listed on an economic calendar can affect the price of the assets you are interested in. You then might regularly review an economic calendar for relevant upcoming events. 

Economic Events

An economy is the condition or structure of life in a particular region. Economics is the science concerned with the manufacture, selling and use of goods and services within an economy. An economic event is an occurrence that provides additional information about or influences an economy. Such events can have a significant impact on capital markets. 

For example, a speech by a central bank president or treasury official is considered an economic event. If a speech of this type gives any indication of an unexpected monetary policy shift, the event can move financial markets drastically. 

Economic events do not always affect asset prices in the manner fundamental analysts might expect. Although the Efficient Market Hypothesis postulates that asset prices always shift to reflect new market information to result in accurate pricing, the reality is that market price changes instead result from shifts in mass psychology among market participants. 

Prices therefore do not necessarily adhere to any economics-based rationale, and rumors of an economic event can move the markets more than economic facts. With that caveat noted, relevant economic events remain important for active investors and traders to keep track of. 

Why Are Economics Important for Investors? 

A general understanding of economics can give investors an advantage versus those who lack any familiarity with economic concepts. Assessing the state of the economy and how that might be relevant to the market value of an investment they are considering remains an essential part of the fundamental analysis many investors routinely perform. 

Furthermore, having an idea of what the economic business cycle is and how different stages of the cycle can affect the prices of a variety of assets gives an economics-savvy investor an edge when operating in virtually any financial market. 

Many sophisticated investors will combine economic and fundamental analysis with technical analysis. This tends to give an investor a more balanced perspective on the market and helps them develop a better sense of value for the asset under consideration than simply using technical analysis alone.  

For example, an investor may add real estate investment trusts, an index fund, hedge funds, etc to their portfolio, and they can easily review average returns on these investments. At the same time, a bit more research may be required for an IPO or emerging stock. Moreover, things like the price of crude oil, general market conditions, new market insights, interest rates, the unemployment rate (and other labor economics figures) and a country’s gross domestic product can sway investors.

How to Use an Economics Calendar for Trading

An economic calendar provides traders and investors with forthcoming major economic releases that could affect the capital markets. The information listed in the economic calendar comes from government and non-governmental entities and consists of mostly macroeconomic numbers such as GDP. 

The calendar provides economic releases from all over the world, which mostly affects the currency markets, although many releases can affect world stock, bond and commodity markets. Most professional and institutional traders keep a keen eye on the economic calendar to monitor changes in the market after the release of key economic data. 

By keeping track of economic events and the resulting market impact, traders can get a good sense for how the market typically reacts based on an economic release. Some short term traders even employ a strategy called “news trading” that involves taking advantage of the extra volatility surrounding economic releases. More conservative traders will often square positions ahead of such announcements to avoid unexpected price changes and order slippage.  

Nevertheless, too much economic analysis can lead to what is commonly known among traders as “paralysis by analysis”. Analysis paralysis can prevent traders from pulling the trigger on trades in a timely manner because they become too occupied by overanalyzing the economics of the market and the pros and cons of the transaction they are considering. Since the market waits for no one, this behavior can result in missed opportunities to profit, even if their analysis does result in them actually taking a position. 

Economic Indicators

The release of an economic indicator is an especially important type of economic event. Such indicators convey specific information about economic activity relevant to a particular state, nation or region. 

The listings for each economic indicator included in an economic calendar typically include the event release’s day and time, the country releasing the information, the name of the economic event, the period its release covers, the release’s prior reading and the consensus forecast. 

For example, an especially useful indicator of the strength of the U.S. economy is the nation’s gross domestic product (GDP) that is released quarterly. When compared to historical readings, the most recent level of U.S. GDP growth can give investors a sense of how strong the U.S. economy has been in recent months. 

Changes in the U.S. economy’s growth rate can significantly affect the stock, bond and currency markets. This is especially true if the change differs meaningfully from the market’s consensus.  

The components of a typical economic calendar listing and how they are used are explained below:

Prior

An economic indicator’s prior release result is important to analysts to help them determine the overall trend for the event and if any improvement is showing over previous releases. Sometimes the prior number is revised upwards or downwards when the following period’s release occurs, and this can also impact the market accordingly. 

Forecast

This number shows what the market analysts’ consensus for the economic indicator is. The forecast is typically generated by polling a number of different professional analysts and then averaging the results. If a release fails to meet the consensus, or if it beats the consensus by a wide margin, it could significantly affect asset markets where the release is considered relevant. 

Actual

The actual result for the economic release appears on the economic calendar once it gets formally announced. This result can then be compared to the market analysts’ consensus to see if the release was better, in line with or worse than what analysts expected. 

Surprise

A surprise in an economic release is a positive or negative difference from what was expected. Markets can move sharply when the release differs from the consensus by a wide margin either printing considerably higher or significantly lower than the analyst consensus. Markets affected by a surprising release tend to react both in degree and direction depending on how different the release was compared to analysts’ expectations.  A surprise reading can also result in considerable volatility in the affected asset’s price.  

Importance

The importance of a release, also sometimes called the impact, describes how significant the release is and thus how much the market might move once it comes out. Economic calendars usually show the importance of the release, often with a bar chart or a color code. Traders can use this information to determine if the economic release will probably have a low impact, medium impact or high impact on the market once it comes out.

Frequently Asked Questions

Q

Should investors have a savings account?

A

A savings account is a good idea for everyone, including retail investors. Storing your money in a safe place that accrues interest is a wise financial decision.

Q

How does your brokerage account impact the economics of your investments?

A

When you open a brokerage account, fees for investment products, the APY on savings and asset allocation requirements can impact the economics of your investments.

Q

What is a good investment return?

A

Whether you work with an investment advisor or day trade, the proper return for your investments will change based on the economics of the situation, your expectations and your budget. You must judge each investment on a case-by-case basis.

About Luke Jacobi

Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making. With a keen understanding of the financial industry and a commitment to driving innovation, Luke continues to make significant contributions to Benzinga’s mission of providing high-quality financial news and analysis.