00:00JPBoJ Interest Rate DecisionHigh Impact
Period: Forecast: 0.1%Previous: 0.1%Actual: 0.1%

About this Event:

The Bank of Japan Policy Board announces its interest rate decision after it meets to discuss economic developments happening internally and externally. The Board meets once a month for two days after which they announce any changes to their interest rates or any other monetary policy decision. The Japanese central bank, like many other central banks, is responsible for safe-guarding price stability while ensuring the country achieves its economic goals as recommended from the elected government. Changes made to the rates and policy may have a great impact in financial markets and for the Japanese yen. The statement published by the BOJ following their two-day meeting is a general outlook on the economy as well as an insight into future monetary policy decisions. More often than not, the future direction of rates may have far greater effect on exchange rates.

BoJ Interest Rate Decision: Historical Data:

07:30FRILO Unemployment RateMedium Impact
Period: 4Forecast: 10.5%Previous: 10.3%Actual: 10.6%

About this Event:

ILO Unemployment Rate is measured by the monthly Labour Force Survey in the United Kingdom. It is a survey based on a sample of approximately 40,000 individuals that are interviewed each month, and the unemployment figure reported is the average data for the previous three months. The ILO Unemployment Rate replaced the Claimant Unemployment Rate as the international standard for the measure of unemployment in the UK.

ILO Unemployment Rate: Historical Data:

Comments about this Event:

The number of jobless people rose 124’000 in France in the fourth quarter pushing unemployment higher than analysts’ forecasts. The French Statistics office in Paris said the unemployment rate jumped to 10.6% in Q4 versus consensus for 10.5%, up from 10.3% in the previous quarter.

07:45CHUnemployment RateMedium Impact
Period: 3Forecast: 3.4%Previous: 3.4%Actual: 3.4%

Unemployment Rate: Historical Data:

07:45CHUnemployment Rate s.a.Medium Impact
Period: 2Forecast: 3.1%Previous: 3.1%Actual: 3.1%

Unemployment Rate s.a.: Historical Data:

08:45FRTrade BalanceLow Impact
Period: 1Forecast: -Previous: -Actual: -5.862Bln

About this Event:

The trade balance is a country’s total exports minus its imports of goods and services over the measured period of time. A positive figure means the country is running a trade surplus while a negative number shows a deficit.

Trade Balance: Historical Data:

10:30ESBond AuctionHigh Impact
12:00DEFactory Orders M/MMedium Impact
Period: 1Forecast: 0.6%Previous: 0.8%Actual: -1.9%

About this Event:

It is a measure of manufacturing orders and sales. It is a complete picture of the situation in the manufacturing sector since it includes both durable and non-durable items. It has no major impact on the Forex market.

Factory Orders M/M: Historical Data:

Comments about this Event:

German factory orders came out significantly lower than expected. The seasonally adjusted figure for the month of January was published at -1.9 % versus expectations of a gain of 0.6%. Previous month data was revised slightly upward though to 1.1% from 0.8%. retreats roughly 20 pips after the data came out, trading slightly above 1.30 figure.

13:00GBBoE Interest Rate DecisionMedium Impact
Period: 3Forecast: 0.5%Previous: 0.5%Actual: 0.5%

About this Event:

This is the decision by the Bank of England on whether they will increase, decrease or keep the benchmark interest rate unchanged. The Monetary Policy Committee of the BoE meets on a monthly basis to decide on monetary policy. Following each meeting policy decisions are announced. The BoE’s ultimate goal behind this mechanism is to manage inflation and keep it within the pre-set target range while safe-guarding economic growth and employment. The BOE interest rate decision has a major impact on financial markets and the exchange rate of the British pound. The statement issued by the BoE MPC after the rate announcement is often highly anticipated and the wording of this statement is scrutinized even more carefully than the actual rate decision as the future direction of rates is often far more important than its current rate.

BoE Interest Rate Decision: Historical Data:

Comments about this Event:

Bank of England left interest rates unchanged as expected at 0.5% but said that they would not expand the current Asset Purchase programm. This was a surprise for the market – shot up 80 pips after the data.

13:00GBBoE Asset Purchases TargetHigh Impact
Period: 3Forecast: 375BlnPrevious: 375BlnActual: 375Bln

BoE Asset Purchases Target: Historical Data:

Comments about this Event:

Bank of England left interest rates unchanged as expected at 0.5% but said that they would not expand the current Asset Purchase programm. This was a surprise for the market – shot up 80 pips after the data.

13:00GBBoE MPC Meeting MinutesHigh Impact

Comments about this Event:

Bank of England left interest rates unchanged as expected at 0.5% but said that they would not expand the current Asset Purchase programm. This was a surprise for the market – shot up 80 pips after the data.

13:45EZECB Interest Rate DecisionHigh Impact
Period: 3Forecast: 0.75%Previous: 0.75%Actual: 0.75%

About this Event:

The ECB interest rate decision is the decision taken by the European Central Bank Governing Council meeting whether to increase, decrease or keep the key interest rate unchanged. The interest rate decision is one of the main functions of monetary policy, and the ECB influences interest rates by first altering the “overnight rate” through the buying or selling of government bonds. Lowering rates can stimulate economic growth but may provoke inflationary pressures. On the other hand, increasing rates may curb inflation but can also restrain growth. The ECB’s rate decision has a tremendous effect on financial markets. Because the ECB interest rate is basically the return investors get for holding euros, changes in the key interest rate affect the exchange rate of the euro.

ECB Interest Rate Decision: Historical Data:

Comments about this Event:

Despite bad economic outlook in Europe and difficulties to find solutions, the European Central Bank decided to keep interests rates unchanged at 0.75%. shot up to 1.3040 just after the announcement and is now trading around 1.3020.

Mario Draghi’s press conference is scheduled for 14:30 CET.

14:30CABuilding Permits m/mMedium Impact
Period: 1Forecast: 5.3%Previous: -11.2%Actual: 1.7%

About this Event:

Building permits measure the number of building projects approved for construction. This is an important indicator to gauge the future state of the economy as it provides an early estimate of future construction activity.

Building Permits m/m: Historical Data:

14:30CAInternational TradeHigh Impact
Period: 1Forecast: -0.6BlnPrevious: -0.9BlnActual: -0.24Bln

International Trade: Historical Data:

14:30EZECB News ConferenceHigh Impact

Comments about this Event:

European Central Bank President Mario Draghi eased some concerns over the European economy saying that it will stabilize through this year. The ECB had earlier refrained from cutting its rates as some analysts had expected. Policymakers voted to keep rates at 0.75% on Thursday.

Draghi, speaking at a press conference following the Governing Council’s decision, said that the common currency area should “gradually recover” in 2013 but the pace of monetary expansion remains subdued.

rose more than a 100 points from its opening, to above 1.3110 by the time of writing, the most in a month.

14:30USWeekly Jobless ClaimsMedium Impact
Period: 9Forecast: 355000Previous: 344000Actual: 340000

About this Event:

This figure measures the number of Americans filing for jobless benefits in the previous week. It is published by the Labor Departments and is an important leading indicator on the overall state and health of the economy and labor market.

Weekly Jobless Claims: Historical Data:

Comments about this Event:

The number of Americans filing for jobless benefits fell to a six-week low last week, adding to signs that the labor market in the world’s largest economy continues to improve. Weekly jobless claims fell 7’000 to 340’000 from a revised 347’000 (previously 344’000) against consensus for 355’000. Continuing jobless claims were also lower than expected, to 3.094 mln versus a forecast for 3.120 mln, from 3.074 mln.

In other data from the United States, trade balance deficit widened to $44.4 bln from $38.5 bln against a forecast for $42.6 bln.

14:30USTrade BalanceMedium Impact
Period: 1Forecast: -42.6BlnPrevious: -38.5BlnActual: -44.4Bln

About this Event:

The trade balance is a country’s total exports minus its imports of goods and services over the measured period of time. A positive figure means the country is running a trade surplus while a negative number shows a deficit.

Trade Balance: Historical Data:

Comments about this Event:

The number of Americans filing for jobless benefits fell to a six-week low last week, adding to signs that the labor market in the world’s largest economy continues to improve. Weekly jobless claims fell 7’000 to 340’000 from a revised 347’000 (previously 344’000) against consensus for 355’000. Continuing jobless claims were also lower than expected, to 3.094 mln versus a forecast for 3.120 mln, from 3.074 mln.

In other data from the United States, trade balance deficit widened to $44.4 bln from $38.5 bln against a forecast for $42.6 bln.

14:30USContinuing Jobless ClaimsMedium Impact
Period: 8Forecast: 3.12MlnPrevious: 3.074MlnActual: 3.094Mln

About this Event:

Continuing claims refers to the total number of jobless people who qualify for unemployment benefits. The people that are considered for this data must be covered by unemployment insurance and who currently receive benefits. This excludes those not eligible for insurance and/or those who have lost their entitlement to receive benefits.

Continuing Jobless Claims: Historical Data:

Comments about this Event:

The number of Americans filing for jobless benefits fell to a six-week low last week, adding to signs that the labor market in the world’s largest economy continues to improve. Weekly jobless claims fell 7’000 to 340’000 from a revised 347’000 (previously 344’000) against consensus for 355’000. Continuing jobless claims were also lower than expected, to 3.094 mln versus a forecast for 3.120 mln, from 3.074 mln.

In other data from the United States, trade balance deficit widened to $44.4 bln from $38.5 bln against a forecast for $42.6 bln.