01:00 AUD HIA New Home Sales (MoM)
Forecast: Previous: 0.7%
Housing Industry Association (HIA) New Home Sales measures the change in the number of newly constructed homes sold. A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
08:50 EUR Italian 10-year BTP Auction
Forecast: Previous: 5.82%
The figures displayed in the calendar represent the average yield on the Buoni del Tesoro Poliannuali or BTP auctioned. Italian BTP bonds have maturities of five, ten, fifteen and thirty years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital. The yield on the BTP represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid. Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
10:00 GBP CBI Distributive Trades Survey
Forecast: 15 Previous: 42
The Confederation of British Industry (CBI) Distributive Trades Survey (DTS) measures the health of the retail sector. The reading is compiled from a survey covering 20,000 firms responsible for 40% of employment in retailing. It includes measures of sales activity across the distributive trades. It is a leading indicator of consumer spending. The figure is the difference between the percentage of retailers reporting an increase in sales and those reporting a decrease. A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.