U.S. Building Permits

Releasing date: Wednesday, February 27, 2019
Releasing time: 02:30 (GMT +13:00)
Actual: To be release
Forecast: 1.290M
Previous: 1.322M

Building permits are very important indicator in projecting future housing starts. Building Permits measures the variance in the number of new building permits issued by the government. A reading that is higher than forecast is generally bullish for the USD, while a lower than forecast reading is generally bearish for the USD.

U.S. Pending Home Sales MoM

Releasing date: Thursday, February 28, 2019
Releasing time: 04:00 (GMT +13:00)
Actual: To be release
Forecast: 0.4%
Previous: -2.2%

Pending Home Sales Report reflects the variance in the number of homes under contract to be sold but still awaiting the closing transaction. The report does not includes new construction. A reading that is higher than forecast is usually bullish for the USD, while a lower than forecast reading is usually bearish for the USD.

U.S. Crude Oil Inventories

Releasing date: Thursday, February 28, 2019
Releasing time: 04:30 (GMT +13:00)
Actual: To be release
Forecast: 3.080M
Previous: 3.672M

The Energy Information Administration’s (EIA) Crude Oil Inventories calculates the weekly variance in the number of barrels of commercial crude oil held by firms (US). The level of inventories an effect the price of petroleum products, which can have an effect on inflation. If the rise in crude is less than expected, it shows greater demand and is bullish for crude prices. The same can be said if a fall in inventories is more than expected. If the rise in crude inventories is large than expectation, it implies less demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected.

U.S. Gross Domestic Product (GDP)

Releasing date: Friday, February 28, 2019
Releasing time: 02:30 (GMT +13:00)
Actual: To be release
Forecast: 2.3%
Previous: 3.4%

Gross Domestic Product (GDP) is the primary indicator of the economy’s health and the broadest measure of economic activity. It measures the annualised change in the inflation-adjusted value of all services and goods manufactured by the economy. It A reading that is larger than forecast is usually bullish for the USD, while a weaker than forecast reading is usually bearish for the USD.

Germany Unemployment Change Create Alert

Releasing date: Friday, February 28, 2019
Releasing time: 21:55 (GMT +13:00)
Actual: To be release
Forecast: -5K
Previous: -2K

German Unemployment Change reflects the change in the number of unemployed people during the previous month. A reading that is larger than forecast is usually bearish for the EUR, while a lower than forecast reading is usually bullish for the EUR.