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The Trading Week

The Trading Week: Jul. 27 − Aug. 1

Thu, Jul 24 2008, 20:34 GMT
by Ilian Yotov

AllThingsForex

July 25, 2008 (Allthingsforex.com) – 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, July 27 will start the trading session with significant economic releases from “down under”- New Zealand’s Trade Balance of the difference in value between imported and exported goods and services, at 6:45 pm, ET, followed by the Australian Leading Indicators of economic activity, at 8:00 pm, ET, and the quarterly released Australian Business Confidence, at 9:30 pm, ET.

Monday, July 28 will bring several notable economic events, beginning with the German Consumer Confidence in the Euro-zone’s largest economy, at 2:00 am, ET.

Later that evening, New Zealand’s Building Consents, a leading indicator of home builders’ activity, will be released at 6:45 pm, ET.

The day will conclude with major economic data from Japan- the Japanese Unemployment Rate and Household Spending, at 7:30 pm, ET, followed by the Japanese Retail Sales, the main gauge of consumer spending, scheduled at 7:50 pm, ET.

Tuesday, July 29 will begin with the Swiss Consumption Indicator of consumer spending, at 4:00 am, ET.

A sequence of weekly economic data from the U.K. will deliver the U.K. Mortgage Approvals and Net Lending to Individuals, at 4:30 am, ET, as well as the CBI- Confederation of British Industry Distributive Trades, measuring sales in the retail sector, at 6:00 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 end with the Japanese Industrial Production, measuring the physical output of the nation's factories, mines and utilities, at 7:50 pm, ET, and the Australian Building Approvals, a leading indicator of activity in the construction sector, at 9:30 pm, ET.

Wednesday, July 30 will start with a strong sequence of important economic data from the Euro-zone’s largest economy- the German CPI- Consumer Price Index, the main gauge of inflation, at 2:00 am, ET, along with the German Retail Sales, the main measure of consumer spending, also at 2:00 am, ET.

News from the Euro-zone will bring a spotlight event- the Euro-zone Consumer Confidence in present and future economic conditions, at 5:00 am, ET, followed by the Swiss Leading Index of overall economic activity, at 5:30 am, ET.

The U.S. economic releases will deliver another spotlight event- 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.

An important inflation report from Canada- the Canadian IPPI and RMPI- Industrial and Raw Materials Producers Price Indexes, the main gauges of inflation experienced by manufacturers, will be released at 8:30 am, ET, followed by the U.S. EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.

The day will conclude with a spotlight event- the U.K. Consumer Confidence, measuring the confidence of consumers in present and future economic conditions, at 7:00 pm, ET.

A strong sequence of important economic data from “down under” will bring the Australian Retails Sales, the main gauge of consumer spending, at 9:30 pm, ET, along with the Australian Trade Balance of the difference in value between imported and exported goods and services, also at 9:30 pm, ET.

The Japanese Average Cash Earnings, at 9:30 pm, ET, and New Zealand’s Business Confidence, a monthly survey on the confidence of businesses in the country’s economy, will wrap up the day at 11:00 pm, ET.

Thursday, July 31 will be the busiest trading day of the week, beginning with a spotlight event- the Swiss CPI- Consumer Price Index, the main measure of inflation, at 1:45 am, ET, followed by important housing data from the U.K.- the Nationwide House Price Index, a leading indicator of the U.K. housing market measuring monthly price changes in residential properties, at 2:00 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 Unemployment Rate, also at 5:00 am, ET.

The U.S. economic releases will begin with a spotlight event- the U.S. GDP- Gross Domestic Product, the main measure of economic activity and growth, at 8:30 am, ET, along with the Canadian GDP- Gross Domestic Product, also at 8:30 am, ET.

More U.S. economic data will include the Employment Cost Index, a measure of the total employee compensation costs, including wages and salaries as well as benefits, at 8:30 am, ET, the U.S. Weekly Jobless Claims, also at 8:30 am, ET, and the 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.

The day will conclude 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.

One of the main spotlight events of the week- the Australian TD Securities Melbourne Institute Inflation Gauge, a leading monthly indicator of the official quarterly released Consumer Price Index, will end the busy day at 9:30 pm, ET. 

Friday, Aug. 1 will start with the Euro-zone Manufacturing PMI- Purchasing Managers Index, measuring the activity level of purchasing managers in the manufacturing sector, at 4:00 am, ET, and the U.K. Manufacturing PMI- Manufacturing Purchasing Managers Index, at 4:30 am, ET.

The U.S. releases will begin with 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.

Another major U.S. 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, will wrap up the busy trading week which should provide more clues about the condition of the U.S. economy.

Published on  Thu, Jul 24 2008, 20:35 GMT

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