The Index headline is expressed as a month over month or annualized percentage change. Growth in mortgages suggests a healthy housing market. The value of orders placed for relatively long lasting goods. This is the second field of the array, representing the spread for the 15 minute interval.
The Unemployment Rate is one of the most watch headline indicators of Canada 's labour market. The net change in the number of people employed in Canada. Increases in employment are generally accompanied by higher consumption and expenditure levels.
At the same time, higher employment, consumption and expenditures may lead to heightened inflationary pressures that encourage central banks to tighten monetary policy.
If the Bank of Canada were to raise interest rates, it would put upward pressure on the Canadian dollar. Because this is the main employment report in Canada it tends to have significant impact on the market.
The headline figure is the change in employment in thousands. Need to ask questions to an analyst? Join the Canadian employment change live broadcast.
The difference between imports and exports of goods. Merchandise Trade differentiates itself from Trade Balance because it does not record intangibles like services, only reporting on physical goods. Because exports of tangibles like oil, gold and manufacturing contribute to a large part of Canada 's GDP, trade data can give critical insight into developments in the economy and into foreign exchange rates. Negative International Merchandise Trade deficit indicates that imports of goods are greater than exports.
When exports are greater than imports, Canada experiences a trade surplus. Trade surpluses indicate that funds are coming into Canada in exchange for exported goods.
Because such exported goods are usually purchased with Canadian dollars, trade surpluses usually reflect currency flowing into Canada, such currency inflows may lead to a natural appreciation of a the Canadian dollar, unless countered by similar capital outflows Canadian International Securities Transactions tracks such capital flows. At a bare minimum, surpluses will buoy the value of the currency. There are a number of factors that work to diminish the market impact of Canadian Merchandise Trade on markets.
The report is not very timely, released about three months after the reporting quarter. Developments in many of the components that comprise the figure are also usually well anticipated.
Lastly, since the report reflect data for a specific reporting quarter, any significant changes in the Merchandise Trade should plausibly have been already felt during that quarter and not during the release of data.
But because of the overall significance of Trade on Foreign Exchange Rates, the figure has a history of being one of the more important reports out of Canada. The headline figure for trade balance is expressed in millions of Canadian dollars and usually accompanied by a year-on-year percentage change figure.
The trade balance is one of the biggest components of the US's Balance of Payment, which gives valuable insight and heavy pressure on the value of the dollar. A positive Trade Balance surplus indicates that exports are greater than imports.
When imports exceed exports, the US experiences a trade deficit. Because foreign goods are usually purchased using foreign currency, trade deficits usually reflect dollars leaking out of the country. Such currency outflows may lead to a natural depreciation of a dollar, unless countered by comparable capital inflows US Net Foreign Security Purchases, or TICs data reports on such capital flows.
At a bare minimum, deficits fundamentally weigh down the value of the currency. There are a number of factors that work to diminish the market impact of US Trade Balance. The report is not very timely, coming some time after the reporting period. Developments in many of the figure's components are also typically well anticipated. Lastly, since the report reflects data for a specific reporting month, any significant changes in the Trade Balance should plausibly have already been felt during that month and not during the release of data.
However, because of the overall significance of Trade Balance data in forecasting trends in the Forex Market, the release has historically been one of the more important reports out of the US. The headline figure for trade balance is expressed in billion of dollars.
Monthly change in employment excluding the farming sector. Non-farm payrolls is the most closely watched indicator in the Employment Situation, considered the most comprehensive measure of job creation in the US. Such a distinction makes the NFP figure highly significant, given the importance of labor to the US economy. Specifically, political pressures come into play, as the Fed is responsible for keeping employment in a healthy range and utilizes interest rate changes to do so.
A surge in new Non-farm Payrolls suggests rising employment and potential inflation pressures, which the Fed often counters with rate increases. On the other hand, a consistent decline in Non-farm Employment suggests a slowing economy, which makes a decline in rates more likely. Unemployment is the single most popularly used figure to give a snapshot of US labor market conditions. Because the Federal Reserve is under strict pressure to keep unemployment under control, high unemployment puts downward pressure on interest rates, as the Fed will look to bolster the economy to remedy the employment situation.
More generally, unemployment is indicative of the economy's production, private consumption, workers' earnings, and consumer sentiment. A lower unemployment rate translates into more employed individuals with paychecks, which leads to higher consumer spending, economic growth and potential inflationary pressures.
Conversely, high levels of unemployment are connected with lower incomes, lower spending, and economic stagnation. An indicator of how the average level of pay is changing. The Average Hourly Earnings figure provides insight into future spending and inflation. A High Average Hourly Earnings bodes well for future consumption, as workers have more disposable income. High figures may indicate inflationary pressures due to employee's additional potential to spend.
The figure is either measured in hourly or weekly averages or as a percent change from the previous month. Data sourced by Thomson Reuters DailyFX provides traders with an easy to use and customizable real-time calendar that updates automatically during announcements. Keep track of significant events that traders care about. As soon as event data is released, the DailyFX calendar automatically updates to provide traders with instantaneous information that they can use to formulate their trading decisions.
A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment. Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account.
Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment. Prev Week Sun Sep. Table Key L Low Importance. Add to Calendar Cancel. Thank you, the event has been exported to your calendar.
Time Host Duration Register now. Click here to dismiss. Wed Oct 3 Today. Sunday, September 30, No entries matching your query were found. Monday, October 1, See our guide to learn about the long-term forces driving crude oil prices! A corrective upswing in gold prices stalled on a retest of support-turned-resistance in the A daily close above this barrier paves the way for a challenge of trend resistance, where the outermost boundary is now at Alternatively, a push below support in the This is reinforced by the Alternatively, a turn back below To contact Ilya, use the comments section below or IlyaSpivak on Twitter.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment.
Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account. Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment.
Fundamental analysis, economic and market themes. Each price point is a key value pair. The rate entry is the market price at the snapshot time.
These signals can be a Chart Pattern, or a Key Level. Key Levels have only a price level. The following paramters are all optional.
These patterns are updated every 15 minutes. Optional Age of the pattern in seconds to search for. Leverage trading is high risk and not suitable for all. You could lose all of your deposited funds. Articles are for general information purposes only and are not investment advice or a solution to buy or sell any investment product.
Opinions are those of the authors and not necessarily those of OANDA, its officers, or its directors. Examples shown are for illustrative purposes only and may not reflect current prices or offers from OANDA. Accounts Get accounts for a user Get account information. Orders Get orders for an account Create a new order Get information for an order Modify an existing order Close an order.
Trades Get a list of open trades Get information on a specific trade Modify an existing trade Close an open trade. Positions Get a list of all open positions Get the position for an instrument Close an existing position. Transaction History Get transaction history Get information for a transaction Get full account history Pagination Transaction types and a sub-set of corresponding parameters.
Calendar Returns up to 1 year worth of economic calendar information relevant to an instrument. Input Query Parameters instrument: Optional Name of the instrument to retrieve calendar data for.
All tradable instruments are supported. If this is left out, information for all tradable instruments will be returned. Required Period of time in seconds to retrieve calendar data for. Values not in the following list will be automatically adjusted to the nearest valid value.
A positive period is used for data in the past and a negative period for upcoming events. The title of the event. Time of the event, returned as a unix timestamp. This field describes the data found in the forecast , previous , actual and market fields.