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The Trading Week

The Trading Week: Aug. 17 − Aug. 22

Thu, Aug 14 2008, 23:00 GMT
by Ilian Yotov

AllThingsForex

Aug. 15, 2008 (Allthingsforex.com) – Bank of Japan’s interest rate announcement and inflation reports from major economies around the globe will 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, Aug. 17 will start the trading session with a significant economic release- the U.K. Rightmove House Price Index, used as an indicator of price changes and inflation in the U.K. housing sector, at 7:00 pm, ET.

Monday, Aug. 18 will begin with the Swiss Retail Sales, the main measure of consumer spending, at 3:15 am, ET, followed by the Euro-zone Trade Balance of the difference between imported and exported goods and services, at 5:00 am, ET.

News from Canada will bring the Canadian Foreign Securities Purchases, measuring foreign investments and used as a gauge of the attractiveness of the Canadian Dollar, at 8:30 am, ET.

The only notable U.S. economic data for the day will be the NAHB- National Association of Home Builders Housing Market Index of housing market conditions, at 1:00 pm, ET.

The day will end with two spotlight events from “down under”- New Zealand’s PPI-Producers Price Index, the main measure of inflation experienced by manufacturers, at 6:45 pm, ET, and Reserve Bank of Australia’s Meeting Minutes from the last monetary policy meeting that may provide some clues about the bank’s future monetary policies, scheduled at 9:30 pm, ET.

Tuesday, Aug. 19 will start with one of the main spotlight events of the week- Bank of Japan’s Interest Rate Announcement, expected around 12:00 am, ET, and followed by the German PPI-Producers Price Index, the main measure of inflation experienced by manufacturers, at 2:00 am, ET.

The European releases will continue with a spotlight event- the Euro-zone and the German ZEW Institute Economic Sentiment of institutional investors, at 5:00 am, ET. 

The U.S. economic reports will begin with a spotlight event- the U.S. PPI- Producers Price Index, the main measure of inflation experienced by manufacturers and a leading indicator of consumer inflation, at 8:30 am, ET, along with the U.S. Housing Starts and Building Permits, also at 8:30 am, ET.

More U.S. data will bring the State Street Investor Confidence Index, measuring investors’ confidence by looking at actual levels of risk in investment portfolios, at 10:00 am, ET.

The day will conclude with the Japanese All Industry Activity Index at 7:50 pm, ET, and the Australian Leading Indicators of economic activity, at 8:30 pm, ET. 

Wednesday, Aug. 20 will begin with a spotlight event from the U.K.- Bank of England’s Monetary Policy Committee Meeting Minutes which 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 U.K. Money Supply and Public Borrowing, also at 4:30 am, ET.

News from Canada will bring another spotlight event- the Canadian Retail Sales, the main measure of consumer spending, at 8:30 am, ET, along with the Canadian Leading Indicators of economic activity, also at 8:30 am, ET.

The only notable U.S. economic release for the day will be the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.

The day will end with the Japanese Trade Balance of the difference between imported and exported goods and services, at 7:50 pm, ET, and Reserve Bank of Australia’s Monthly Bulletin of economic statistics and publications, at 9:30 pm, ET.

Thursday, Aug. 21 will be the busiest trading day of the week, starting with the significant economic release of Bank of Japan’s Monthly Report on economic growth, inflation, interest rates, and overall economic conditions, at 2:00 am, ET.

News from Switzerland will bring the Swiss Trade Balance of the difference between imported and exported goods and services, at 2:15 am, ET, and the Swiss PPI-Producers Price Index, the main measure of inflation experienced by manufacturers, at 3:15 am, ET.

The European data will continue 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. 

News from the U.K. will deliver a spotlight event- the U.K. Retail Sales, the main gauge of consumer spending, at 4:30 am, ET, followed by the Swiss ZEW Institute Expectations Index of investor sentiment, at 5:00 am, ET.

Another spotlight event will come from Canada with the release of the Canadian CPI- Consumer Price Index, the main measure of inflation, at 7:00 am, ET.

The U.S economic reports will begin with the usual for every Thursday weekly Jobless Claims, at 8:30 am, ET, followed by the U.S. Leading Indicators of economic activity, at 10:00 am, ET, and the Philadelphia Fed Survey of manufacturing conditions within the Philadelphia Federal Reserve district, also at 10:00 am, ET.

The day will conclude with Bank of Japan’s Meeting Minutes from last month’s monetary policy meeting that may provide some clues about the bank’s future monetary policies, at 7:50 pm, ET.

Friday, Aug. 22 will begin with the Euro-zone Current Account of the quarterly difference between imported and exported goods and services, at 4:00 am, ET.

The trading week will conclude with a spotlight event- the preliminary estimate of the U.K. GDP- Gross Domestic Product, the main measure of economic activity and growth, scheduled at 4:30 am, ET, followed by the Euro-zone’s Industrial Orders, at 5:00 am, ET.

Published on  Thu, Aug 14 2008, 23:01 GMT