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The Trading Week

The New Trading Week: Mar. 30 − Apr. 4

Tue, Mar 25 2008, 07:17 GMT
by Ilian Yotov

AllThingsForex

Mar. 28, 2008 (Allthingsforex.com) – The U.S. Non-Farm Payrolls and Reserve Bank of Australia’s Interest Rate Decision, coupled with crucial economic releases from the Euro-zone and other major industrialized nations, promise to deliver an exciting beginning of the trading month ahead.

In preparation for the new trading week, here is a quick look at the most important economic events that every currency trader should pay attention to.

Sunday, Mar. 30 will start the trading session with the Japanese Manufacturing PMI- Purchasing Managers Index of the level of activity by purchasing managers in the manufacturing sector, at 7:15 pm, ET.

Important inflation data from “down under” will hit the newswires with the release of the Australian TD Securities Melbourne Institute Inflation Gauge, used as a timely indicator of the official quarterly Consumer Price Index, at 7:30 pm, ET, followed by the Japanese Industrial Production and Average Cash Earnings, measuring the monthly change in the wages paid to jobholders, both scheduled at 7:50 pm, ET.

The day will end with New Zealand’s Business Confidence in the country’s economic future, at 11:00 pm, ET.

Monday, Mar. 31 will begin early with the Japanese Housing Starts, at 1:00 am, ET, the Swiss SECO- State Secretariat for Economic Affairs Quarterly Economic Forecast, at 1:45 am, ET, the Euro-zone M3 Money Supply, at 4:00 am, ET, and the U.K. Index of Services used and provided, at 4:30 am, ET.

The first spotlight event of the week- the Euro-zone Flash HICP- Harmonized Index of Consumer Prices, a preliminary, flash estimate of the main measure of inflation in the Euro-zone and the European equivalent to the CPI- Consumer Price Index, will be released at 5:00 am, ET, along with the Euro-zone Consumer Confidence, also at 5:00 am, ET, and followed by the U.K. Consumer Confidence, at 5:30 am, ET.

News from Canada will deliver another spotlight event- the Canadian GDP- Gross Domestic Product, the main measure of economic activity and growth, at 8:30 am, ET.

There will be only one notable U.S. economic release for that day- the NAPM- National Association of Purchasing Management – Chicago Index of business conditions in the Chicago area, at 9:45 am, ET.

The day will conclude with the Australian Manufacturing PMI- Purchasing Managers Index of the level of activity by purchasing managers in the manufacturing sector, at 6:30 pm, ET, and the Japanese Tankan Large and Small Manufacturers Index, a survey conducted quarterly by the Bank of Japan, considered as the most complete reading of economic performance in Japan, at 7:50 pm, ET.

One of the major spotlight events of the week- the Reserve Bank of Australia's Interest Rate Announcement, will end the busy day at 11:30 pm, ET.

Tuesday, Apr. 1 will start the first trading day of the new month with the Swiss PMI-Purchasing Managers' Index at 3:30 am, ET, and the German Unemployment Rate, at 3:55 am, ET.

The strong European economic releases sequence will continue with the German and the Euro-zone Manufacturing PMI- Purchasing Managers Indexes of the level of activity by purchasing managers in the manufacturing sector, both at 4:00 am, ET, followed by the U.K. Manufacturing PMI, at 4:30 am, ET, and the Euro-zone Unemployment Rate, at 5:00 am, ET.

News from Canada will bring a spotlight event- the Canadian IPPI- Industrial Product Price Index and the RMPI- Raw Materials Price Index, measuring the level of inflation experienced by manufacturers, both scheduled at 8:30 am, ET.

The U.S. releases will also bring a spotlight event- the ISM Manufacturing Index, a composite diffusion index of national conditions in the manufacturing sector, at 10:00 am, ET, and the U.S. Construction Spending, also at 10:00 am, ET. If the Institute for Supply Management Index shows a reading below 50, that would indicate economic contraction.

The day will end with the Japanese Monetary Base, measuring the value of all currency and liquid cash assets held by the public, at 7:50 pm, ET.

Wednesday, Apr. 2 will begin with the German Retail Sales, an important gauge of consumer spending, measuring the total receipts at stores that sell durable and nondurable goods, at 2:00 am, ET.

A strong U.K. release sequence will follow with the U.K. Construction PMI- Purchasing Managers' Index, the U.K. Mortgage Approvals, Net Lending, Housing Equity Withdrawals, and M4 Money Supply, all scheduled at 4:30 am, ET.

News from the Euro-zone will deliver a spotlight event- the Euro-zone PPI- Producer Price Index, the main measure of the level of inflation experienced by manufacturers, at 5:00 am, ET.  

Another spotlight event will follow out of the U.S. with the release of the ADP-Automatic Data Processing Employment Report, a preliminary estimate that could ultimately help to predict the monthly non-farm payrolls, due at 8:15 am, ET.

More U.S. news will include the U.S. Factory Orders, at 10:00 am, ET, and the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.

The day will end with the Australian Services PMI- Purchasing Managers' Index, at 6:30 pm, ET, and New Zealand’s Commodity Price Index of the rate of inflation and price changes in the nation's seventeen main commodity exports, at 10:00 pm, ET.

Thursday, Apr. 3 will start with the German Services PMI- Purchasing Manager's Index at 3:55 am, ET, the Euro-zone Services PMI at 4:00 am, ET, and the U.K. Services PMI, at 4:30 am, ET.

A spotlight event- the Euro-zone Retail Sales, the main gauge of consumer spending, measuring the total receipts at stores that sell durable and nondurable goods, will be released at 5:00 am, ET.

The U.S. economic data will bring the usual for every Thursday U.S. Weekly Jobless Claims, at 8:30 am, ET, followed by a spotlight event- the ISM Non-Manufacturing Index, a composite diffusion index of national conditions in the non-manufacturing services sector, at 10:00 am, ET.

More U.S. news will continue with the EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET, and the U.S. Money Supply by degree of liquidity, at 4:30 pm, ET.

The day will end with the Australian Retail Sales, measuring the total receipts at stores that sell durable and nondurable goods, at 9:30 pm, ET.

Friday, Apr. 4 will begin with a spotlight event- the Swiss CPI- Consumer Price Index, the main measure of inflation, at 1:45 am, ET, and the German Factory Orders, at 6:00 am, ET.

Another spotlight event will follow from Canada with the release of the Canadian Unemployment Rate and Employment Change, at 7:00 am, ET.

The trading week will conclude with its main spotlight economic event- the U.S. Non-Farm Payrolls and Employment Situation Report, one of the most important indicators of economic health, measuring the number of new jobs created, scheduled at 8:30 am, ET, along with the U.S. Unemployment Rate and Average Hourly Earnings, also due at 8:30 am, ET.

The U.S. Treasury Strips, a detailed report on the gross stripping and reconstitution of Treasury notes and bonds by individual issue, at 3:00 pm, ET, will wrap up the busy first trading week of the month.

Published on  Thu, Mar 27 2008, 21:01 GMT

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