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The Trading Week

The Trading Week: Oct. 12 − Oct. 17

Fri, Oct 10 2008, 00:46 GMT
by Ilian Yotov

AllThingsForex

Oct. 10, 2008 (Allthingsforex.com) – The U.S. Retail Sales and a sequence of Consumer Price Indexes scheduled for release from several major industrialized nations will make inflation and consumer spending be the main themes of 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, Oct. 12 will begin the trading session with New Zealand’s Retail Sales, the main measure of consumer spending, at 5:45 pm, ET.  

Monday, Oct. 13 will start with the Swiss PPI- Producers Price Index, a gauge of manufacturers’ inflation, at 3:15 am, ET.

The first spotlight event of the week- the U.K. Input and Output PPI- Producers Price Indexes, the main measures of the level of inflation experienced by manufacturers, will hit the newswires at 4:30 am, ET.

The day will conclude with a sequence of important economic releases- the U.K. BRC- British Retail Consortium Retail Sales Monitor, at 7:00 pm, ET, 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, and the Australian Business Confidence of small and large companies in the economy, at 8:30 pm, ET.

Tuesday, Oct. 14 will begin with the Japanese Household Confidence, a survey of the economic sentiment of households, at 1:00 am, ET, followed by the French CPI- Consumer Price Index, the main measure of inflation in the Euro-zone’s second-largest economy, at 2:45 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. Department for Communities and Local Government House Price Index, a measure of the U.K. housing market’s inflation and home price changes, also at 4:30 am, ET.

News from the Euro-zone will deliver another spotlight event- the Euro-zone and the German ZEW Institute Economic Sentiment survey of institutional investor sentiment, at 5:00 am, ET, along with the Euro-zone Industrial Production, also at 5:00 am, ET.

The only notable U.S. economic report for the day will be the Federal Budget Balance, a U.S. Treasury statement of income and spending by the government, scheduled at 2:00 pm, ET.

The day will end with the U.K. RICS- Royal Institution of Chartered Surveyors House Price Balance of changes in home prices, at 7:00 pm, ET, and the Japanese Current Account of goods, services and transfer of payments into and out of the country, at 7:50 pm, ET.

Wednesday, Oct. 15 will start with the Japanese Industrial Production, at 12:30 am, ET, and the German CPI- Consumer Price Index, the main measure of inflation in the Euro-zone’s largest economy, at 2:00 am, ET.

A spotlight event will come from the U.K. with the release of the U.K. Unemployment Rate, Average Earnings, and Claimant Count Change of people claiming unemployment, all scheduled at 4:30 am, ET.

More European news will deliver another spotlight event- 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.

The sequence of spotlight events will continue with one of the most important ones for the week- the U.S. Retail Sales, the main 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 measure of the level of inflation experienced by manufacturers, also at 8:30 am, ET.

More U.S. economic data will include the Empire State Manufacturing Survey of manufacturing conditions in the state of New York, at 8:30 am, ET, the U.S. Business Inventories, at 10:00 am, ET, and the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.

The day will conclude with New Zealand’s Manufacturing Index of performance in the manufacturing sector, at 6:00 pm, ET, and the Reserve Bank of Australia’s Monthly Bulletin on monetary policy, inflation and economic conditions, at 8:30 pm, ET.

Thursday, Oct. 16 will begin with the Swiss Retail Sales, an important measure of consumer spending, at 3:15 am, ET, followed by the Swiss ZEW Institute Economic Expectations Index, at 5:00 am, ET.

The U.S. releases will bring one of the main spotlight events of the week- the U.S. CPI- Consumer Price Index, the main measure of inflation in the world’s largest economy, at 8:30 am, ET, along with the weekly Jobless Claims, also at 8:30 am, ET.

More U.S. economic data will bring another two spotlight events- the U.S. TIC- Treasury International Capital, a measure of the attractiveness of the U.S. Dollar, 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 U.S. releases will continue with the Philadelphia Fed Survey of manufacturing conditions within the Philadelphia Federal Reserve district, at 10:00 am, ET, followed by the NAHB- National Association of Home Builders’ Housing Market Index of present sales of new homes, sales of new homes expected in the next six months, and traffic of prospective buyers in new homes, due at 1:00 pm, ET.

The day will end with the Japanese Tertiary Index of activity in the services industries: utilities, transport and telecommunications, wholesale and retail, finance, insurance, and real estate, at 7:50 pm, ET.

Friday, Oct. 17 will start with the Euro-zone Trade Balance of the difference between imported and exported goods and services, at 5:00 am, ET.

The U.S economic releases will bring a spotlight event from the housing sector- the U.S. Housing Starts and Building Permits registered at the start of construction of new buildings, at 8:30 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 financial conditions and attitudes about the economy, scheduled at 10:00 am, ET.

Published on  Fri, Oct 10 2008, 00:47 GMT