cleaned_kyo_2023_NAS100USD.csv
In the context of mean reversion related to the z-scores of a spread:

1. Positive Z-Score & Mean Reversion:

- If the z-score of a spread is positive and significantly high, it suggests the spread is larger than usual.

- Mean reversion in this context implies that you expect the spread to decrease back to its average level. This could happen if the first asset starts underperforming or the second asset starts outperforming, bringing their relative performances closer to their historical average.

2. Negative Z-Score & Mean Reversion:

- If the z-score is negative and significantly low, it indicates the spread is smaller than usual.

- Mean reversion here would mean expecting the spread to increase back to its average level. This would occur if the first asset begins to perform better or the second asset performs worse, adjusting their performances back to the typical historical relationship.

In both cases, mean reversion is the expectation that the current extreme (either high or low) spread will return to its historical average level.

TitleCountryDateTimeImpactForecastPrevious
Tankan Manufacturing IndexJPYSunday December 14, 202503:50pm PSTLow1514
Tankan Non-Manufacturing IndexJPYSunday December 14, 202503:50pm PSTLow3534
New Home Prices m/mCNYMonday December 15, 202505:30pm PSTLow-0.45%
Fixed Asset Investment ytd/yCNYMonday December 15, 202506:00pm PSTLow-2.4%-1.7%
Industrial Production y/yCNYMonday December 15, 202506:00pm PSTLow5.0%4.9%
NBS Press ConferenceCNYMonday December 15, 202506:00pm PSTLow
Retail Sales y/yCNYMonday December 15, 202506:00pm PSTLow3.0%2.9%
Unemployment RateCNYMonday December 15, 202506:00pm PSTLow5.1%5.1%
Tertiary Industry Activity m/mJPYMonday December 15, 202508:30pm PSTLow0.2%0.3%
German WPI m/mEURMonday December 15, 202511:00pm PSTLow0.2%0.3%
Industrial Production m/mEURMonday December 15, 202502:00am PSTLow0.7%0.2%
Housing StartsCADMonday December 15, 202505:15am PSTLow248K233K
CPI m/mCADMonday December 15, 202505:30am PSTHigh0.1%0.2%
Median CPI y/yCADMonday December 15, 202505:30am PSTHigh2.9%2.9%
Trimmed CPI y/yCADMonday December 15, 202505:30am PSTHigh2.9%3.0%
Common CPI y/yCADMonday December 15, 202505:30am PSTMedium2.8%2.7%
Core CPI m/mCADMonday December 15, 202505:30am PSTLow0.6%
Manufacturing Sales m/mCADMonday December 15, 202505:30am PSTLow-1.0%3.3%
Empire State Manufacturing IndexUSDMonday December 15, 202505:30am PSTMedium9.818.7
FOMC Member Miran SpeaksUSDMonday December 15, 202506:30am PSTLow
NAHB Housing Market IndexUSDMonday December 15, 202507:00am PSTLow3938
FOMC Member Williams SpeaksUSDMonday December 15, 202507:30am PSTLow
FOMC Member Miran SpeaksUSDMonday December 15, 202508:00am PSTLow
Flash Manufacturing PMIJPYTuesday December 16, 202504:30pm PSTLow48.848.8
French Flash Manufacturing PMIEURTuesday December 16, 202512:15am PSTMedium48.047.8
French Flash Services PMIEURTuesday December 16, 202512:15am PSTMedium51.150.8
German Flash Manufacturing PMIEURTuesday December 16, 202512:30am PSTHigh48.648.4
German Flash Services PMIEURTuesday December 16, 202512:30am PSTHigh53.052.7
Flash Manufacturing PMIEURTuesday December 16, 202501:00am PSTLow49.949.7
Flash Services PMIEURTuesday December 16, 202501:00am PSTLow53.453.1
Italian Trade BalanceEURTuesday December 16, 202502:00am PSTLow3.22B2.85B
Trade BalanceEURTuesday December 16, 202502:00am PSTLow18.2B18.7B
German ZEW Economic SentimentEURTuesday December 16, 202502:00am PSTLow39.238.5
ZEW Economic SentimentEURTuesday December 16, 202502:00am PSTLow26.325.0
ADP Weekly Employment ChangeUSDTuesday December 16, 202505:20am PSTHigh4.8K
Average Hourly Earnings m/mUSDTuesday December 16, 202505:30am PSTHigh0.3%0.2%
Core Retail Sales m/mUSDTuesday December 16, 202505:30am PSTHigh0.2%0.3%
Non-Farm Employment ChangeUSDTuesday December 16, 202505:30am PSTHigh50K119K
Retail Sales m/mUSDTuesday December 16, 202505:30am PSTHigh0.2%0.2%
Unemployment RateUSDTuesday December 16, 202505:30am PSTHigh4.5%4.4%
Flash Manufacturing PMIUSDTuesday December 16, 202506:45am PSTHigh52.351.9
Flash Services PMIUSDTuesday December 16, 202506:45am PSTHigh54.055.0
Business Inventories m/mUSDTuesday December 16, 202507:00am PSTLow0.1%0.0%
BOC Gov Macklem SpeaksCADTuesday December 16, 202509:45am PSTMedium
API Weekly Statistical BulletinUSDTuesday December 16, 202501:30pm PSTLow
Core Machinery Orders m/mJPYTuesday December 16, 202503:50pm PSTLow-1.7%4.2%
Trade BalanceJPYTuesday December 16, 202503:50pm PSTLow-0.20T0.00T
German ifo Business ClimateEURWednesday December 17, 202501:00am PSTMedium88.188.1
Final Core CPI y/yEURWednesday December 17, 202502:00am PSTLow2.4%2.4%
Final CPI y/yEURWednesday December 17, 202502:00am PSTLow2.2%2.2%
FOMC Member Waller SpeaksUSDWednesday December 17, 202505:15am PSTMedium
Foreign Securities PurchasesCADWednesday December 17, 202505:30am PSTLow31.32B
FOMC Member Williams SpeaksUSDWednesday December 17, 202506:05am PSTLow
Crude Oil InventoriesUSDWednesday December 17, 202507:30am PSTLow-1.8M
FOMC Member Bostic SpeaksUSDWednesday December 17, 202509:30am PSTLow
Main Refinancing RateEURThursday December 18, 202505:15am PSTHigh2.15%2.15%
Monetary Policy StatementEURThursday December 18, 202505:15am PSTHigh
CPI y/yUSDThursday December 18, 202505:30am PSTHigh3.0%
Unemployment ClaimsUSDThursday December 18, 202505:30am PSTHigh224K236K
Philly Fed Manufacturing IndexUSDThursday December 18, 202505:30am PSTMedium3.2-1.7
Core CPI m/mUSDThursday December 18, 202505:30am PSTHigh0.2%
CPI m/mUSDThursday December 18, 202505:30am PSTHigh0.3%
ECB Press ConferenceEURThursday December 18, 202505:45am PSTHigh
Natural Gas StorageUSDThursday December 18, 202507:30am PSTLow-177B
TIC Long-Term PurchasesUSDThursday December 18, 202501:00pm PSTLow120.7B179.8B
National Core CPI y/yJPYThursday December 18, 202503:30pm PSTLow3.0%3.0%
BOJ Policy RateJPYFriday December 19, 202507:30pm PSTHigh<0.75%<0.50%
Monetary Policy StatementJPYFriday December 19, 202507:30pm PSTHigh
BOJ Press ConferenceJPYFriday December 19, 202510:30pm PSTHigh
German GfK Consumer ClimateEURFriday December 19, 202511:00pm PSTLow-23.1-23.2
German PPI m/mEURFriday December 19, 202511:00pm PSTLow0.1%0.1%
Foreign Direct Investment ytd/yCNYFriday December 19, 202511:02pm PSTLow-10.3%
Current AccountEURFriday December 19, 202501:00am PSTLow23.1B
German Buba Monthly ReportEURFriday December 19, 202503:00am PSTLow
Core Retail Sales m/mCADFriday December 19, 202505:30am PSTMedium0.0%0.2%
Retail Sales m/mCADFriday December 19, 202505:30am PSTMedium0.0%-0.7%
NHPI m/mCADFriday December 19, 202505:30am PSTLow0.0%-0.4%
Belgian NBB Business ClimateEURFriday December 19, 202506:00am PSTLow-7.8-8.2
Consumer ConfidenceEURFriday December 19, 202507:00am PSTLow-14-14
Existing Home SalesUSDFriday December 19, 202507:00am PSTMedium4.15M4.10M
Revised UoM Consumer SentimentUSDFriday December 19, 202507:00am PSTMedium53.353.3
Revised UoM Inflation ExpectationsUSDFriday December 19, 202507:00am PSTLow4.1%