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The Trading Week

The Trading Week: July 20 − July 25

Thu, Jul 17 2008, 22:09 GMT
by Ilian Yotov

AllThingsForex

July 18, 2008 (Allthingsforex.com) – The U.S. housing data and inflation reports from major economies around the globe promise to keep traders occupied in the week 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, July 20 will start the trading session with a sequence of significant economic releases, beginning with the U.K. Rightmove House Price Index, used as an indicator of price changes and inflation in the housing sector, at 7:00 pm, ET.

The first spotlight event of the week will follow with the Australian PPI- Producers Price Index, the main measure of inflation experienced by manufacturers and a leading indicator of consumer inflation, scheduled at 9:30 pm, ET.

Monday, July 21 will bring only two notable economic releases- the U.S. Leading Indicators of economic activity, at 10:00 am, ET, and the Japanese All Industries Activity Index of changes in spending for goods and services, at 7:50 pm, ET.

Tuesday, July 22 will start with the Swiss Trade Balance of the difference in value between imported and exported goods and services, at 2:15 am, ET, followed by the Swiss PPI- Producers Price Index, the main measure of inflation experienced by manufacturers, at 3:15 am, ET.

News from Canada will bring a spotlight event- the Canadian Retail Sales, the main measure of consumer spending, at 8:30 am, ET.

The U.S. economic data will include the U.S. House Price Index of price changes and inflation in the housing sector, at 10:00 am, ET, and the Richmond Fed Index, measuring the general business conditions of manufacturers in the Richmond Federal Reserve district, also at 10:00 am, ET.

The day will end with one of the major spotlight events of the week- the Australian CPI- Consumer Price Index, the quarterly released main measure of inflation, at 9:30 pm, ET.

Wednesday, July 23 will begin with a spotlight event- Bank of England’s Monetary Policy Committee Meeting Minutes that should provide clues about the bank’s policy makers’ position on interest rates and the future monetary policy, at 4:30 am, ET, along with the BBA- British Bankers' Association Mortgage Approvals, also at 4:30 am, ET.

The Euro-zone’s Industrial New Orders will be released at 5:00 am, ET, followed by the U.K. Industrial Orders placed with manufacturers, at 6:00 am, ET.

News from Canada will deliver a spotlight event- the Canadian CPI- Consumer Price Index, the main gauge of inflation, at 7:00 am, ET. 

The U.S. economic releases for the day will include the EIA- Energy Information Administration 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, a spotlight event will come from New Zealand with the Reserve Bank of New Zealand’s Interest Rate Announcement, at 5:00 pm, ET.

The day will end with the Japanese Trade Balance of the difference in value between imported and exported goods and services, at 7:50 pm, ET.

Thursday, July 24 will start with the German and the Euro-zone Manufacturing and Services PMI- Purchasing Manager's Indexes, measuring the level of activity of purchasing managers in the manufacturing and service sectors, scheduled at 3:30 am, ET and 4:00 am, ET. 

More European news will bring a spotlight event- the closely watched German IFO Institute Business Climate and Expectations Indexes, at 4:00 am, ET.

Another spotlight event will follow with the U.K. Retail Sales, the main gauge of consumer spending, scheduled at 4:30 am, ET.

The U.S economic releases will begin with the usual for every Thursday weekly Jobless Claims, at 8:30 am, ET.

The U.S. data will continue with the main spotlight event of the week- the U.S. Existing Home Sales, measuring the number of closed sales of previously constructed homes, condominium and co-ops, and the main gauge of the condition of the U.S. housing market, at 10:00 am, ET, followed by the EIA- Energy Information Administration Weekly Natural Gas Report, at 10:30 am, ET.

The day will end with a spotlight event- the Japanese CPI- Consumer Price Index, the main measure of inflation, at 7:30 pm, ET.

Friday, July 25 will begin with the Euro-zone M3 Money Supply, measuring the supply of money held by the public, at 4:00 am, ET, followed by the preliminary estimate of the U.K. GDP- Gross Domestic Product, the main measure of economic activity and growth, at 4:30 am, ET.

The U.S. releases will start with the Durable Goods Orders placed with domestic manufacturers for immediate and future delivery of factory hard goods, at 8:30 am, ET.

The busy trading week will end with two spotlight events- the U.S. New Home Sales and the University of Michigan's Consumer Sentiment survey of consumers’ financial conditions and attitudes about the economy, both scheduled at 10:00 am, ET. 

Published on  Thu, Jul 17 2008, 22:13 GMT

Archive

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