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Economic Calendar: 12 December To 16 December 2016 (Week 50) 

Monday 12 Dec, 21:00 – USD
Monthly Budget Statement 
The Monthly Budget Statement recaps the financial activities of federal entities, disbursing officers and Federal Reserve banks. A positive budget statement where receipts exceed budgetary outlays is seen as positive for the USD, while a negative figure, or deficit, is seen as negative.

Tuesday 13 Dec, 11:30 - GBP
Consumer Price Index UK (MoM) 
The core Consumer Price Index figures are released by the National Statistics. This is a good indicator of the inflation rate in the UK. An increase in inflation implies a general increase in the prices of goods and services, which may negatively impact the economy. 

Wednesday 14 Dec, 15:30 USD
Retail Sales (MoM) 
The retail Sales released by the US Census Bureau is the average sales made through a business location, in which the principal activity is the sale of merchandise and related services to the general public, for household or personal consumption. A high reading is positive for the USD, while a low reading is negative.

Thursday 15 Dec, 15:30 USD
Initial Jobless Claims
This figure measures the number of individuals who filed for unemployment insurance, for the first time during the previous week. A higher than expected figure has a negative impact on the USD, while a lower than expected figure will have a positive impact on the USD.

Friday 16 Dec, 15:30 - USD
Building Permits (MoM)
This figure is the number of new residential building permits issued during the previous month. An increasing figure represents increase in future construction activity which can be an indicator of good economic performance.