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The Trading Week

The Trading Week: Sep. 7 − Sep. 12

Fri, Sep 5 2008, 01:19 GMT
by Ilian Yotov

AllThingsForex

Sep. 5, 2007 (Allthingsforex.com) – Inflation and consumer spending data from major economies around the globe will take the center stage 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, Sep. 7 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, Sep. 8 will have an early start with the Japanese Eco Watchers Survey of the sentiment of businesses in the services industry, at 1:00 am, ET, and the Swiss Unemployment Rate, at 1:45 am, ET.

News from the Euro-zone will bring the closely watched Sentix 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 Indexes, the main measures of inflation experienced by manufacturers, will hit the newswires at 4:30 am, ET.

Housing data from Canada will deliver the Canadian Building Permits for new residential construction, at 8:30 am, ET.

There will be only one notable U.S. economic release- the U.S. Consumer Credit, a measure of consumer financing and installment credit, at 3:00 pm, ET.

The day will conclude with a sequence of spotlight events, beginning with the U.K. GDP- Gross Domestic Product Preliminary Estimate of the main measure of economic activity and growth, at 7:00 pm, ET, the U.K. Royal Institution of Chartered Surveyors House Price Balance, measuring changes in home prices, at 7:00 pm, ET, and the BRC- British Retail Consortium Retail Sales Monitor, also at 7:00 pm, ET.

Another spotlight event will be the Australian Retail Sales, the main measure of consumer spending, at 9:30 pm, ET, along with 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. 

Tuesday, Sep. 9 will begin with the German Trade Balance of the difference between imports and exports of tangible goods and services, at 2:00 am, ET.

A spotlight event from the U.K. will follow with the U.K. Industrial Production and Manufacturing Output, measuring the physical output of the nation's factories, mines and utilities, at 4:30 am, ET.

The second part of the housing data from Canada will continue with the Housing Starts for new residential construction, at 8:15 am, ET.

The U.S. economic releases will bring a spotlight event- 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, along with the U.S. Wholesale Trade, measuring the dollar value of sales made and inventories held by merchant wholesalers, also at 10:00 am, ET.

The day will conclude with important economic data from Japan, beginning with the Japanese CGPI- Corporate Goods Price Index, an equivalent to a PPI- Producers Price Index as a measure of inflation experienced by manufacturers, at 7:50 pm, ET, along with the Japanese Current Account of goods, services and transfer of payments into and out of the country, also at 7:50 pm, ET.

The day will end with a spotlight event 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, Sep. 10 will start with the Japanese Leading Index of economic conditions, at 1:00 am, ET, followed by the U.K. Trade Balance of the difference between imports and exports of tangible goods and services, at 4:30 am, ET.

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

Later that afternoon, a spotlight event will come from News Zealand with the Reserve Bank of New Zealand’s Interest Rate Announcement, scheduled at 5:00 pm, ET, followed by New Zealand’s Food Price Index of the rate of inflation in food prices and food services, at 6:45 pm, ET.

The day will end with another important release- the Australian Employment Situation Report and Unemployment Rate, scheduled at 9:30 pm, ET.

Thursday, Sep. 11 will begin with a spotlight event from the Euro-zone delivering the European Central Bank’s Bulletin of statistical data on inflation, economic activity and growth, at 4:00 am, ET. 

That morning, traders will watch closely the Bank of England’s Monetary Policy Committee members who will begin their testimonies before the British Parliament's Treasury Committee at 4:30 am, ET.

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

More U.S. data will bring the Weekly Jobless Claims, at 8:30 am, ET, along with the U.S. Import and Export Prices, an indicator of inflationary trends in internationally traded products, also at 8:30 am, ET.

The day will conclude with two important releases- New Zealand’s Retail Sales, the main measure of consumer spending, at 6:45 pm, ET, and the Japanese GDP- Gross Domestic Product, the main measure of economic activity and growth, at 7:50 pm, ET.

Friday, Sep. 12 will start with the Japanese Industrial Production, measuring the physical output of factories, mines and utilities, at 12:30 am, ET, and the French CPI- Consumer Price Index, the main gauge of inflation in the Euro-zone’s second-largest economy, at 2:00 am, ET.

A spotlight event from the Euro-zone will follow with the release of the Euro-zone Industrial Production, measuring the physical output of factories, mines and utilities, at 5:00 am, ET, along with the Euro-zone Employment Change, also at 5:00 am, ET.

The U.S. economic data will bring 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, due at 8:30 am, ET, along with the U.S. PPI- Producers Price Index, the main measures of inflation experienced by manufacturers, also at 8:30 am, ET.

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

Published on  Fri, Sep 5 2008, 01:20 GMT