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The Trading Week

The Trading Week: Aug. 10 − Aug. 15

Thu, Aug 7 2008, 19:40 GMT
by Ilian Yotov

AllThingsForex

Aug. 8, 2008 (Allthingsforex.com) – The U.S. Retail Sales and a sequence of Consumer Price Indexes, scheduled for release from several major industrialized nations in the week ahead, will focus the market’s attention on consumer spending and inflation.  

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, Aug. 10 will begin the trading session with the first spotlight event of the week- the Reserve Bank of Australia Statement on Monetary Policy, offering a detailed evaluation and outlook on current and future economic conditions, at 9:30 pm, ET.

Monday, Aug. 11 will have an early start with the Japanese Machine Tool Orders, at 2:00 am, ET, and the French Industrial Production in the Euro-zone’s second-largest economy, at 2:45 am, ET.

A spotlight event will follow with the release of the U.K. Input and Output PPI- Producers Price Index, the main measure of inflation experienced by manufacturers, at 4:30 am, ET, along with the U.K. Trade Balance, also at 4:30 am, ET.

News from Canada will bring the Canadian Housing Starts and New Housing Price Index, measuring the changes in prices of new residential construction, at 8:30 am, ET.

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

A spotlight event from Japan will bring the Japanese CGPI- Corporate Goods Price Index, an equivalent to a PPI- Producers Price Index as a measure of inflation experienced by manufacturers, along with the Japanese Current Account, both due at 7:50 pm, ET, followed by the Australian Business Confidence of small and large companies in the economy, at 9:30 pm, ET.

Tuesday, Aug. 12 will begin with the Japanese Industrial Production, at 12:30 am, ET, and the Japanese Household Confidence, a survey of the economic sentiment of households, at 1:00 am, ET.

One of the main spotlight events of the week- the U.K. CPI- Consumer Price Index, the main measure of inflation, will be released at 4:30 am, ET, along with the U.K. RPI- Retail Price Index of the rate of inflation experienced by consumers when purchasing goods and services, at 4:30 am, ET, and the U.K. House Price Index, a measure of the U.K. housing market’s inflation, also at 4:30 am, ET.

There will be only one notable U.S. economic report for that day- the U.S. Trade Balance of the difference between imported and exported goods and services, at 8:30 am, ET, along with the Canadian Trade Balance, also at 8:30 am, ET.

The day will end with two spotlight events- the Japanese GDP- Gross Domestic Product, the main measure of economic activity and growth, at 7:50 pm, ET, and the Australian Westpac Melbourne Institute Consumer Sentiment, a survey of consumers’ financial conditions and attitudes about the economy, at 8:30 pm, ET, followed by the Australian Wage Price Index of inflation in workers’ compensation and wages, at 9:30 pm, ET.

Wednesday, Aug. 13 will start with the U.K. Unemployment Rate, Average Earnings, and Claimant Count Change, at 4:30 am, ET.

More European news will bring two releases that will be watched closely- the Euro-zone Industrial Production of the area’s factories, mines, and utilities, at 5:00 am, ET, and the Bank of England’s Inflation Report, containing detailed analysis and future estimates for inflation in the U.K., at 5:30 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.

More U.S. economic data will include the U.S. Import and Export Price Index of the prices of goods that are bought in the United States but produced abroad and the prices of goods sold abroad but produced domestically, at 8:30 am, ET, the U.S. Business Inventories, at 10:00 am, ET, and the U.S. EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.

The day will end with the Japanese Tertiary Industry Index of activity in six industries: utilities, transport and telecommunications, wholesale and retail, finance and insurance, real estate and services, at 7:50 pm, ET, followed by New Zealand’s Index of Manufacturing Activity, at 8:00 pm, ET.

Thursday, Aug. 14 will be the busiest trading day of the week, beginning with the Swiss Consumer Sentiment, a survey of consumers’ financial conditions and attitudes about the economy, at 1:45 am, ET.

Important economic releases from Germany will follow with the German CPI- Consumer Price Index, the main measure of inflation in the Euro-zone’s largest economy, at 2:00 am, ET, and the German GDP- Gross Domestic Product, the main measure of economic activity and growth, also at 2:00 am, ET.

A strong sequence of spotlight events will bring the Euro-zone HICP- Harmonized Index of Consumer Prices, the main measure of inflation in the Euro-zone and the European equivalent to the CPI- Consumer Price Index, at 5:00 am, ET, along with the Euro-zone GDP- Gross Domestic Product, the main measure of economic activity and growth, also at 5:00 am, ET.

Another major spotlight event- the U.S. CPI- Consumer Price Index, the main measure of inflation in the world’s largest economy, will be released at 8:30 am, ET, along with the U.S. Weekly Jobless Claims, also at 8:30 am, ET.

News from Canada will deliver the closely-watched release of Bank of Canada’s Quarterly Review of current and future economic conditions, at 10:30 am, ET.

The day will end with important economic data from “down under”- New Zealand’s Retail Sales, the main measure of consumer spending, at 6:45 pm, ET.

Friday, Aug. 15 will start with the Canadian Factory Shipments and New Motor Vehicle Sales, at 8:30 am, ET.

A sequence of significant U.S. economic releases will begin the U.S. Empire State Manufacturing Survey of manufacturing conditions in the state of New York, at 8:30 am, ET.

More U.S. data will bring the U.S. TIC- Treasury International Capital, tracking the flows of financial instruments into and out of the United States, at 9:00 am, ET, and the U.S. Industrial Production and Capacity Utilization of the nation’s factories, mines, and utilities, at 9:15 am, ET.

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

Published on  Thu, Aug 7 2008, 19:41 GMT