•  
  • New York 14:27
  • London 18:27
  • Barcelona 19:27
  • Tokyo 03:27
  • Sydney 05:27
  • SignUp | Login

The Trading Week

The Trading Week: Dec. 7 − Dec. 12

Fri, Dec 5 2008, 02:04 GMT
by Ilian Yotov

AllThingsForex  |  View company's profile


All Things Forex

Become a better Forex trader, learn from our daily All Things Forex broadcast.
Vote:

5

0

Dec. 5, 2007 (Allthingsforex.com) – In the week ahead, traders will focus on the main gauge of consumer spending- the U.S. Retail Sales, coupled with interest rate announcements from the Bank of Canada and the Swiss National Bank.
 
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, Dec. 7 will begin the trading session with the Japanese Current Account of goods, services and transfer of payments into and out of the country, at 6:50 pm, ET, along with the Japanese Money Supply, a measure of the value of all currency and liquid cash assets held by the public, also at 6:50 pm, ET.

Monday, Dec. 8 will have an early start with the Japanese Eco Watchers Survey of the sentiment of businesses in the services industry, at 12:00 am, ET.

News from the Euro-zone will bring the closely watched Sentix Investor Confidence Index of 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 Housing Starts for new residential construction, at 8:15 am, ET.

The day will conclude with a spotlight event- the Japanese GDP- Gross Domestic Product, the main measure of economic activity and growth, at 6:50 pm, ET.

Several important economic releases will follow with 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, and the Australian Business Confidence, a measure of the economic sentiment of businesses in the non-farm sector, at 7:30 pm, ET. 

Tuesday, Dec. 9 will begin with the Japanese Leading Indicators of economic activity, at 12:00 am, ET, the Swiss Unemployment Rate, at 1:45 am, ET, and 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, along with the U.K. Trade Balance of the difference between imports and exports of tangible goods and services, also at 4:30 am, ET.

News from the Euro-zone will bring a spotlight event- the German and the Euro-zone ZEW Institute Economic Sentiment, a measure of the sentiment of institutional investors, at 5:00 am, ET.

One of the main spotlight events of the week will come from Canada with the announcement of Bank of Canada’s Interest Rate Decision, at 9:00 am, ET. 

The only notable U.S. economic release will be 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.

The day will conclude with a sequence of important economic data from Japan, “down under”, and the U.K., beginning with the Australian Westpac Melbourne Institute Consumer Sentiment, a measure of consumers’ financial conditions and attitudes about the economy, at 6:30 pm, ET.

News 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, at 6:50 pm, ET, along with the Japanese Machinery Orders, also at 6:50 pm, ET.

The day will end with a spotlight event- the U.K. GDP- Gross Domestic Product Preliminary Estimate of the main measure of economic activity and growth, at 7:00 pm, ET, followed by the Australian Home Loans, measuring newly-issued home purchase loans, at 7:30 pm, ET. 

Wednesday, Dec. 10 will start with the Swiss ZEW Institute Economic Expectations Index of investor sentiment, at 5:00 am, ET, and the Canadian Labor Productivity, at 8:30 am, ET.

The U.S. economic data will include the U.S. Wholesale Trade, measuring the dollar value of sales made and inventories held by merchant wholesalers, at 10:00 am, ET, the EIA- Energy Information Administration’s Weekly Oil Inventories, at 10:30 am, ET, and the U.S. Treasury Budget Balance, at 2:00 pm, ET.

Later that afternoon, New Zealand’s Food Price Index of the rate of inflation in food prices and food services, will be released at 4:45 pm, ET, followed by the Australian Melbourne Institute Inflation Expectations Index, at 7:00 pm, ET.

The day will end with a notable report- the Australian Employment Situation and Unemployment Rate, scheduled at 7:30 pm, ET.

Thursday, Dec. 11 will begin with a spotlight event- the Swiss National Bank Interest Rate Announcement, at 3:30 am, ET.

Notable reports will deliver the European Central Bank’s Bulletin of statistical data on inflation, economic activity and growth, at 4:00 am, ET, followed by the U.K. Inflation Expectations Index, 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 4:45 pm, ET, and the Japanese Industrial Production, measuring the physical output of factories, mines and utilities, at 11:30 pm, ET. 

Friday, Dec. 12 will start with the Japanese Household Confidence, a measure of consumer sentiment, at 12:00 am, ET.

A spotlight event 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.

The U.S. economic data will bring the main spotlight event 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 spotlight event- the U.S. Consumer Sentiment, a 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. 


Archive


Legal disclaimer and risk disclosure

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Vote:

5

0

Related reports

Continued Economic Recovery, Low Inflation by Wells Fargo Investments, LLC
Fri, Mar 19 2010, 19:58 GMT

Discount rate discussions keeping floor under bonds by Interactive Brokers LLC
Fri, Mar 19 2010, 14:29 GMT

GoldCore Update: Sterling Gold Near Record Highs as Election Looms and Economic Outlook Uncertain by GoldCore
Fri, Mar 19 2010, 14:28 GMT

Political jitters on the rise in EMEA markets by Danske Bank A/S
Fri, Mar 19 2010, 14:13 GMT

Canada: Core CPI above target in February by National Bank of Canada
Fri, Mar 19 2010, 13:19 GMT

indicator

[ View All ]

Related content

Indices: FTSE closes with loses, correction
FXstreet.com | Fri, Mar 19 2010, 16:39 GMT

Commodities: Oil collapse follows risk-market reversal
AAP | Fri, Mar 19 2010, 14:49 GMT

Forex: USD/CAD hits 20-month high below 1.0070 after retail sales
FXstreet.com | Fri, Mar 19 2010, 12:40 GMT

Canadian retail sales exceed forecasts
FXstreet.com | Fri, Mar 19 2010, 12:38 GMT

Canada Retail Sales increase 0.7% in Jan, ex Autos rise 1.8%
FXstreet.com | Fri, Mar 19 2010, 12:30 GMT

indicator

[ View All ]

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2010 "FXstreet.com. The Forex Market" All Rights Reserved.