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The Trading Week

The Trading Week: Apr. 27 − May 2

Fri, Apr 25 2008, 02:43 GMT
by Ilian Yotov

AllThingsForex

Apr. 25, 2008 (Allthingsforex.com) – The Fed’s interest rate decision and the U.S. Non-Farm Payrolls report will take the center stage in the week ahead and should deliver an exciting beginning of the new month. 

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, Apr. 27 will start the trading session with the Japanese Retail Sales, the main gauge of consumer spending, scheduled at 7:50 pm, ET.

Monday, Apr. 28 will bring only two notable economic events- the German Consumer Confidence in the Euro-zone’s largest economy, at 2:00 am, ET, and the New Zealand’s Trade Balance of the difference in value between imported and exported goods and services, at 6:45 pm, ET.

Tuesday, Apr. 29 will have an early start with the Swiss Consumption Indicator of consumer spending, at 4:00 am, ET.

A sequence of housing data from the U.K. will deliver the Nationwide House Price Index, a leading indicator of the U.K. housing market, the U.K. Mortgage Approvals, Net Lending to Individuals, and Money Supply, all scheduled at 4:30 am, ET.

More news from the U.K. will bring the CBI- Confederation of British Industry Distributive Trades, measuring sales in the retail sector, at 6:00 am, ET, followed by the Canadian Business Conditions Orders in the manufacturing sector, at 8:30 am, ET.

The U.S. releases will begin with the U.S. National Home Price Index of changes in home prices in 20 metropolitan areas, at 9:00 am, ET.

The first spotlight event of the week- the U.S. Consumer Confidence, a Conference Board survey of consumer attitudes on present economic conditions and expectations of future conditions, will be released at 10:00 am, ET.

The day will conclude with New Zealand’s Building Consents, at 6:45 pm, ET, and a strong data sequence from Japan which will include the Japanese Unemployment Rate and Household Spending, at 7:30 pm, ET, followed by the Japanese Industrial Production, measuring the physical output of the nation's factories, mines and utilities, at 7:50 pm, ET.

New Zealand’s Business Confidence, a monthly survey of businesses in the country’s economy, will wrap up the day at 11:00 pm, ET.

Wednesday, Apr. 30 promises to be the busiest trading day of the week, beginning with a major spotlight event- the Bank of Japan’s Interest Rate Announcement, expected around 12:00 am, ET, followed by the Japanese Housing Starts, at 1:00 am, ET, the German Retail Sales, at 2:00 am, ET, and the German Unemployment Rate, at 3:55 am, ET.

News from the Euro-zone will bring a spotlight event- the Euro-zone Flash HICP- Harmonized Index of Consumer Prices, a preliminary, flash estimate of the European equivalent to the CPI- Consumer Price Index and the main gauge of inflation, at 5:00 am, ET, along with the Euro-zone Consumer Confidence and Unemployment Rate, also at 5:00 am, ET.

Another important release will be the U.K. Consumer Confidence in economic conditions, at 5:30 am, ET, along with the Swiss Leading Index of overall economic health, at 5:30 am, ET.

Two spotlight events out of the U.S. will follow with 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, and the U.S. GDP- Gross Domestic Product, the main measure of economic activity and growth, at 8:30 am, ET, along with the U.S. Employment Cost Index, a measure of the total employee compensation costs, including wages and salaries as well as benefits, also at 8:30 am, ET.

The sequence of spotlight events will continue with the Canadian GDP- Gross Domestic Product, the main measure of economic activity and growth, at 8:30 am, ET, and the Canadian IPPI and RMPI- Producers Price Indexes, the main gauge of inflation experienced by manufacturers, also at 8:30 am, ET.

More U.S. news will bring the U.S. National Association of Purchasing Management – Chicago’s survey and a composite diffusion index of business conditions in the Chicago area, at 9:45 am, ET, followed by the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.

Later that afternoon, one of the main spotlight events of the week- the U.S. FOMC- Federal Open Market Committee Interest Rate Decision, will be released at 2:15 pm, ET.

The day will end with the Australian Manufacturing PMI- Manufacturing Purchasing Manager's Index, measuring the activity level of purchasing managers in the manufacturing sector, at 7:30 pm, ET, the Australian Building Approvals, at 9:30 pm, ET, and the Japanese Average Cash Earnings, also at 9:30 pm, ET.

Thursday, May 1 will start the first trading day of the new month with the U.K. Manufacturing PMI- Manufacturing Purchasing Manager's Index, measuring the activity level of purchasing managers in the manufacturing sector, at 4:30 am, ET.

The U.S. economic releases will begin with a spotlight event- the U.S. Personal Income and Outlays, measuring the dollar value of income received from all sources by individuals as well as a measure of the consumer purchases of durable and nondurable goods, and services, scheduled at 8:30 am, ET, along with the U.S. Weekly Jobless Claims, at 8:30 am, ET.

More U.S. news will bring another spotlight event- the ISM- Institute for Supply Management Manufacturing Index, a composite diffusion index of national manufacturing conditions, where readings below 50 percent indicate economic contraction, scheduled at 10:00 am, ET, along with the U.S. Construction Spending, also at 10:00 am, ET.

The day will end with the Australian Retails Sales, the main gauge of consumer spending, at 9:30 pm, ET.

Friday, May 2 will begin with the Swiss PMI-Purchasing Mangers' Index at 3:30 am, ET, the Euro-zone Manufacturing PMI- Purchasing Mangers' Index, measuring the activity level of manufacturing managers, at 4:00 am, ET, and the U.K. Construction PMI- Purchasing Mangers' Index, at 4:30 am, ET.

The U.S releases will bring the main spotlight economic event of the week- 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 at 8:30 am, ET.

The U.S. Factory Orders, a measure of new orders for durable and nondurable goods, at 10:00 am, ET, will wrap up the busy trading week which should provide more clues about the condition of the U.S. economy.

Published on  Fri, Apr 25 2008, 02:45 GMT

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