Daylight Saving Time Ends

New Zealand General Election

The 2017 New Zealand general election will take place on Saturday 23 September 2017 to determine the membership of the 52nd New Zealand Parliament.

Heritage Day

Banks will be closed due to Heritage Day.

Federal election

German federal election will be held to choose the 598 members of the Bundestag, the main federal legislative house of Germany. The new Bundestag will have to elect a Chancellor with an absolute majority of its members, who will form a new government.

Nikkei Manufacturing PMI

The Nikkei Manufacturing PMI gives an early snapshot of the health of manufacturing sector in Japan. The Manufacturing PMI is a significant indicator of business conditions and the overall economic condition in Japan. A result above 50 signals appreciation and is bullish for the JPY, whereas a result below 50 is seen as bearish.

Bank Indonesia Rate

Interest Rate Decision is announced by the Bank Indonesia. Monitary policy refers to the actions undertaken by a country's monetary authority, central bank or government to achieve certain national economic goals. It is based on the relationship between interest rates at which money can be borrowed and total supply of money.

Consumer Price Index (YoY)

The Consumers Price Index (CPI), released by Statistics Singapore, measures the rate of price change of goods and services purchased by households. It measures changes in the average level of prices over a period of time. Consumer Price Index is the most frequently used indicator of inflation and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer.

Leading Economic Index

The Leading Economic Index released by the Cabinet Office is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. It shows the performance of the Japanese Economy over the short and mid-term. Generally speaking, a higher-than-previous reading is considered positive (or bullish) for the JPY, whereas a result worse than the previous is seen as bearish.

Coincident Index

The Coincident Index released by the Cabinet Office is a single summary statistic that tracks the current state of the Japanese economy. A rise in the index indicates an expansion of economic activity and a decline in the index indicates a contraction in economic activity. Generally speaking, a result that values above 50% signals appreciates (or is bullish for) the JPY, whereas a result that values below 50% is seen as negative (or bearish).

Industrial Production (YoY)

The Industrial Production released by Statistics Austria shows the volume of production of Austrian industries such as factories and manufacturing. An uptrend is regarded as inflationary which may anticipate interest rates to rise. If high industrial production growth comes out, this may generate a positive sentiment (or bullish) for the Euro.