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The Trading Week

The Trading Week: June 8 − June 13

Thu, Jun 5 2008, 23:29 GMT
by Ilian Yotov

AllThingsForex

June 6, 2007 (Allthingsforex.com) – Inflation, consumer spending and interest rates will be the main themes of the week ahead, during which the U.S. Retail Sales and Consumer Price Index releases, coupled with two interest rate announcements from Bank of Canada and Bank of Japan, will take the center stage.
 
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, June 8 will begin the trading session with the Japanese Money Supply, a measure of the value of all currency and liquid cash assets held by the public, scheduled at 7:50 pm, ET.

Monday, June 9 will have an early start with the Japanese Leading Index of economic conditions, at 1:00 am, ET, and the Swiss Unemployment Rate, at 1:45 am, ET.

The economic releases will continue with the German Trade Balance between imports and exports of tangible goods and services, at 2:00 am, ET, the Japanese Eco Watchers Survey of the sentiment of businesses in the services industry, at 3:00 am, ET, and the Euro-zone Investor Confidence Index, indicating the confidence level of investors in the economy, at 4:30 am, ET.

The first spotlight event of the week- the U.K. Input and Output PPI- Producers Price Index, the main measure of the level of inflation experienced by manufacturers, will hit the newswires at 4:30 am, ET.

News from Canada will bring the Canadian Housing Starts, measuring new residential construction, at 8:15 am, ET.

There will be only one notable U.S. economic release for that morning- the U.S. Pending Home Sales Index, a leading indicator of housing activity measuring the pending home sales that are not yet closed, at 10:00 am, ET.

The day will conclude with a spotlight event from the U.K.- the Royal Institution of Chartered Surveyors House Price Balance, measuring changes in home prices, at 7:00 pm, ET, along with the BRC- British Retail Consortium Retail Sales Monitor, also at 7:00 pm, ET.

The Australian Home Loans, measuring the total number of issued home loans, at 9:30 pm, ET, and the Australian Business Confidence, a measure of the economic sentiment of businesses in the non-farm sector, also at 9:30 pm, ET, will wrap up the day.

Tuesday, June 10 will begin with important releases from the U.K., bringing the U.K. House Price Index, a measure of the U.K. housing market’s inflation, at 4:30 am, ET, and the U.K. Industrial Production and Manufacturing Output, also at 4:30 am, ET.

A sequence of trade balance data will begin with the U.S. International Trade Balance of the difference between imports and exports of tangible goods and services, at 8:30 am, ET, along with the Canadian Trade Balance, also at 8:30 am, ET.

One of the main spotlight events of the week- the Bank of Canada’s Interest Rate Announcement will be released at 9:00 am, ET. 

The day will conclude with two spotlight events- the U.K. GDP- Gross Domestic Product Preliminary Estimate of the main measure of economic activity and growth, at 7:00 pm, ET, and the Japanese GDP- Gross Domestic Product, the main measure of economic activity and growth, at 7:50 pm, ET, along with the Japanese CGPI- Corporate Goods Price Index, an equivalent to a PPI- Producers Price Index as a measure of inflation experienced by manufacturers, also at 7:50 pm, ET.

The day will end with the Japanese Current Account of goods, services and transfer of payments into and out of the country, at 7:50 pm, ET, and an important release from “down under’- the Australian Westpac Melbourne Institute Consumer Sentiment, a measure of consumers’ financial conditions and attitudes about the economy, at 8:30 pm, ET.

Wednesday, June 11 will start with the French CPI- Consumer Price Index, the main measure of inflation in the Euro-zone’s second-largest economy, at 2:45 am, ET.

The U.K. Trade Balance of the difference between imports and exports of both tangible goods and services will be released at 4:30 am, ET, along with the U.K. Unemployment Rate, Claimant Count Change, and Average Earnings, also at 4:30 am, ET.

News from Canada will bring the Canadian Industrial Capacity Utilization Rate and New Housing Price Index, both due at 8:30 am, ET.

The U.S. economic releases for that day will include the MBA- Mortgage Bankers' Association Purchase Applications at 7:00 am, ET, the U.S. Quarterly Services Survey on information and technology-related service industries, at 10:00 am, ET, the EIA- Energy Information Administration’s Weekly Oil Inventories, at 10:30 am, ET, and the Fed’s Beige Book of evidence on economic conditions from each of the 12 Federal Reserve districts, at 2:00 pm, ET.

Later that afternoon, New Zealand’s Food Price Index of the rate of inflation in food prices and food services, will be released at 6:45 pm, ET.

The day will end with a spotlight event- the Australian Employment Situation Report and Unemployment Rate, scheduled at 9:30 pm, ET.

Thursday, June 12 will begin with important European data- the Euro-zone Industrial Production, measuring the physical output of factories, mines and utilities, at 5:00 am, ET, along with the European Central Bank’s Bulletin of statistical data on inflation, economic activity and growth, also at 5:00 am, ET. 

One of the main spotlight events of the week- the U.S. Retail Sales, an important gauge of consumer spending, measuring the total receipts at stores that sell durable and nondurable goods, will be released at 8:30 am, ET, along with the U.S. Weekly Jobless Claims, also at 8:30 am, ET.

More U.S. data will bring another important release- the U.S. Import and Export Prices, indicating inflationary trends in internationally traded products, due at 8:30 am, ET, followed by the U.S. Business Inventories, measuring the dollar amount of inventories held by manufacturers, wholesalers, and retailers, at 10:00 am, ET.

The day will conclude with New Zealand’s Retail Sales, the main measure of consumer spending, at 6:45 pm, ET.

Friday, June 13 will start with a spotlight event- the Bank of Japan’s Interest Rate Announcement, expected around 12:00 am, ET, followed by the Japanese Industrial Production, measuring the physical output of factories, mines and utilities, at 12:30 am, ET, and the Japanese Household Consumer Confidence, at 1:00 am, ET.

The German CPI- Consumer Price Index, the main gauge of inflation in the Euro-zone’s largest economy, will be released at 2:00 am, ET, along with Bank of Japan’s Monthly Report on inflation, economic activity and growth, also at 2:00 am, ET.

More European news will deliver the Euro-zone’s Labor Cost Index of inflation in wages, at 5:00 am, ET, and the Euro-zone Employment Change, at 6:00 am, ET.

The U.S. economic releases will bring a major spotlight event- the U.S. CPI- Consumer Price Index, the main measure of inflation in the world’s largest economy, at 8:30 am, ET.

Another U.S. spotlight event- the preliminary estimate of the University of Michigan's Consumer Sentiment survey of 500 households on financial conditions and attitudes about the economy, scheduled at 10:00 am, ET, will conclude the busy trading week.

Published on  Thu, Jun 5 2008, 23:30 GMT