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The Trading Week

The Trading Week: Sep. 14 − Sep. 19

Fri, Sep 12 2008, 00:27 GMT
by Ilian Yotov

AllThingsForex

Sep. 12, 2008 (Allthingsforex.com) – In the week ahead, traders will focus on the Fed’s interest rate announcement, coupled with inflation reports from major industrialized nations.   

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. 14 will start the trading session with New Zealand’s Manufacturing Sales, a measure of the total sales made in the manufacturing sector, at 6:45 pm, ET, followed by the Australian Housing Starts, at 9:30 pm, ET. 

Monday, Sep. 15 will begin with the first spotlight event of the week- the Swiss PPI- Producers Price Index, the main measure of inflation experienced by manufacturers and a leading indicator of consumer inflation, at 3:15 am, ET, along with the Swiss Retail Sales, the main measure of consumer spending, also at 3:15 am, ET.

The U.S. economic data will bring two important economic releases- the Empire State Manufacturing Survey of manufacturing conditions in New York State, at 8:30 am, ET, and the U.S. Industrial Production, measuring the physical output of factories, mines and utilities, at 9:15 am, ET.

The day will end with a notable event from “down under”- the 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, due at 9:30 pm, ET.

Tuesday, Sep. 16 will be the busiest trading day of the week, starting with the Japanese Household Confidence, at 1:00 am, ET, 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 Swiss Industrial Production, at 3:15 am, ET.

One of the main spotlight events of the week- the U.K. CPI- Consumer Price Index, the main measure of inflation used by the Bank of England, 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, also at 4:30 am, ET.

Another major spotlight event of the week- 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, will be released at 5:00 am, ET.

More news from the Euro-zone will deliver two notable surveys- the Euro-zone and the German ZEW Institute Economic Sentiment survey of institutional investor sentiment, at 5:00 am, ET.

The U.S. economic releases will bring a major spotlight event- the U.S. CPI- Consumer Price Index, the main measure of inflation in the world’s largest economy, at 8:30 am, ET.

The U.S. data will continue with the U.S. TIC- Treasury International Capital, the Treasury data tracking the flows of financial instruments into and out of the United States, at 9:00 am, ET, and the NAHB- National Association of Home Builders Housing Market Index of the demand outlook of single-family home builders, at 1:00 pm, ET.

The main spotlight event of the week- the U.S. FOMC- Federal Open Market Committee Interest Rate Decision, will be announced at 2:15 pm, ET. 

The day will end with the Australian Westpac Melbourne Institute Leading Index of economic activity, at 8:30 pm, ET.

Wednesday, Sep. 17 will begin with a spotlight event- the Bank of Japan’s Interest Rate Announcement, expected around 12:00 am, ET.

Another spotlight event will come from the U.K. with the release of Bank of England’s Monetary Policy Committee Meeting Minutes which may provide clues about the bank’s policy makers’ position on interest rates and the future of the monetary policy, at 4:30 am, ET, followed by the U.K. Unemployment Rate, Unemployment Claims and Average Earnings, also at 4:30 am, ET. 

More European data will bring the Euro-zone Trade Balance of the difference between imports and exports, at 5:00 am, ET, along with the Swiss ZEW Institute Economic Expectations Index, a measure of investors’ sentiment, also at 5:00 am, ET.

News from Canada will bring the Canadian Wholesale Foreign Securities Purchases, scheduled at 8:30 am, ET.

The U.S. releases will deliver a spotlight event- the U.S. Housing Starts and Building Permits, measuring registered starts of new residential construction, at 8:30 am, ET, along with the U.S. Current Account of the international trade balance of goods, services, and unilateral transfers, also at 8:30 am, ET, followed by the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.

A notable economic release from Japan will conclude the day with the Tertiary Index of activity in six industries: utilities, transport and telecommunications, wholesale and retail, finance and insurance, real estate and services, due at 7:50 pm, ET.

Thursday, Sep. 18 will start with Bank of Japan’s Monthly Report on inflation, economic activity and growth, at 1:00 am, ET, followed by the Swiss Trade Balance of the difference between imports and exports, at 2:15 am, ET.

The U.K. data will deliver a spotlight event- the U.K. Retail Sales, the main gauge of consumer spending, at 4:30 am, ET, along with the U.K. M4 Money Supply and Public Borrowing, also at 4:30 am, ET.

Another spotlight event- the Swiss National Bank Interest Rate Decision will be announced at 8:00 am, ET.

News from Canada will bring the Canadian Leading Indicators of economic activity, at 8:30 am, ET, along with the Canadian Wholesale Sales, also at 8:30 am, ET.

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

The day will conclude with New Zealand’s Current Account of goods, services and transfer of payments into and out of the country, at 6:45 pm, ET, and New Zealand’s Credit Card Spending, at 11:00 pm, ET. 

Friday, Sep. 19 will bring only two notable economic releases, beginning with the German Import Price Index, measuring price changes and inflation of imported goods, expected around 2:00 am, ET.

The busy trading week will end with the German PPI-Producers Price Index, the main measure of inflation experienced by manufacturers in the Euro-zone’s largest economy, scheduled at 2:00 am, ET.  

Published on  Fri, Sep 12 2008, 00:28 GMT