Nov.
7, 2008
(Allthingsforex.com)
– With
the U.S. Retail
Sales and
Consumer
Sentiment
scheduled for
release in the
week ahead,
traders will
focus on the
main gauges of
consumer
spending and
sentiment.
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, Nov. 9 will begin the trading session with the first spotlight event of the week- the Reserve Bank of Australia Statement on Monetary Policy, offering a detailed evaluation and outlook on current and future economic conditions and monetary policy, at 7:30 pm, ET, along with the Australian Home Loans, measuring the total number of issued home loans, also at 7:30 pm, ET.
Monday, Nov. 10 will have an early start with the Japanese Machine Tool Orders, at 1:00 am, ET, and the French Industrial Production in the Euro-zone’s second-largest economy, at 2:45 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.
A spotlight event- 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, and the Canadian New Housing Price Index, measuring the changes in prices of new residential construction, at 8:30 am, ET.
The Japanese Current Account of goods, services and transfer of payments into and out of the country, will be released at 6:50 pm, ET.
The day will conclude with important U.K. economic data- the U.K. RICS- Royal Institution of Chartered Surveyors (RICS) House Price Balance U.K. House Price Balance, a measure of changes in home prices, at 7:00 pm, ET, along with the U.K. BRC- British Retail Consortium Retail Sales Monitor, also at 7:00 pm, ET, followed by the Australian Business Confidence of small and large companies in the economy, at 7:30 pm, ET.
Tuesday, Nov. 11 will begin with the Japanese Eco Watchers Index, a survey of the economic sentiment of workers, at 12:00 am, ET.
The U.K. Trade Balance of the difference between imported and exported goods and services will be released at 4:30 am, ET, along with the U.K. Department for Communities and Local Government House Price Index, a measure of price changes in the U.K. housing market, also at 4:30 am, ET.
News from the Euro-zone will deliver a spotlight event- the Euro-zone and the German ZEW Institute Economic Sentiment survey of institutional investor sentiment, at 5:00 am, ET.
A sequence of important data from “down under” will begin with the Reserve Bank of New Zealand Financial Stability Report, at 3:00 pm, ET.
The day will end with a spotlight event- the Australian Westpac Melbourne Institute Consumer Sentiment, a survey of consumers’ financial conditions and attitudes about the economy, at 6:30 pm, ET, followed by the Australian Wage Price Index of inflation in workers’ compensation and wages, at 7:30 pm, ET.
Wednesday, Nov. 12 will start with the Japanese Household Confidence, a survey of the economic sentiment of households, at 12:00 am, ET.
A spotlight event will follow with the release of the U.K. Unemployment Rate, Average Earnings, and Claimant Count Change, measuring the number of people claiming unemployment, at 4:30 am, ET.
More European news will bring two releases that will be watched closely- the Euro-zone Industrial Production of the area’s factories, mines, and utilities, at 5:00 am, ET, and the Bank of England’s Inflation Report, containing detailed analysis and future estimates for inflation in the U.K., at 5:30 am, ET.
Another spotlight event- the New Zealand Retail Sales, an important gauge of consumer spending, measuring the total receipts at stores that sell durable and nondurable goods, will be released at 4:45 pm, ET, followed by New Zealand’s Index of Manufacturing Activity, at 6:00 pm, ET.
The day will end 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 6:50 pm, ET, the Australian Inflation Expectations Survey of consumers’ expectations for inflation, at 7:00 pm, ET, and the Japanese Industrial Production, at 11:30 pm, ET.
Thursday, Nov. 13 will begin with the preliminary estimate of the German GDP- Gross Domestic Product, the main measure of economic activity and growth in the Euro-zone’s largest economy, at 2:00 am, ET, and the Swiss PPI- Producers Price Index, the main measure of inflation experienced by manufacturers, at 3:15 am, ET.
News from the Euro-zone will bring the European Central Bank’s Bulletin of statistical data on inflation, economic activity and growth, at 4:00 am, ET, followed by the Swiss ZEW Institute Economic Expectations Index, a survey on the economic sentiment of institutional investors and analysts, at 5:00 am, ET.
The U.S. economic data will deliver a spotlight event- the U.S. Trade Balance of the difference between imported and exported goods and services, at 8:30 am, ET, along with the Canadian Trade Balance, also at 8:30 am, ET.
The U.S. releases will continue with the Weekly Jobless Claims, at 8:30 am, ET, the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET, and the U.S. Treasury Budget, a monthly account of the surplus or deficit of the federal government, at 2:00 pm, ET.
Friday, Nov. 14 will be the busiest trading day of the week starting with the German CPI- Consumer Price Index, the main gauge of inflation in the Euro-zone’s largest economy, at 2:00 am, ET.
A strong sequence of spotlight events will bring 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, along with the Euro-zone GDP- Gross Domestic Product, the main measure of economic activity and growth, also at 5:00 am, ET.
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, will be released at 8:30 am, ET.
More U.S. data will bring the U.S. Import and Export Prices, an index of the prices of goods that are bought in the United States but produced abroad and the prices of goods sold abroad but produced domestically, at 8:30 am, ET, followed by the U.S. Business Inventories held by manufacturers, wholesalers, and retailers, at 10:00 am, ET.
The trading week will end with another spotlight event- the preliminary estimate of the U.S. Consumer Sentiment, the University of Michigan's monthly survey of 500 households on their financial conditions and attitudes about the economy, scheduled at 10:00 am, ET.
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, Nov. 9 will begin the trading session with the first spotlight event of the week- the Reserve Bank of Australia Statement on Monetary Policy, offering a detailed evaluation and outlook on current and future economic conditions and monetary policy, at 7:30 pm, ET, along with the Australian Home Loans, measuring the total number of issued home loans, also at 7:30 pm, ET.
Monday, Nov. 10 will have an early start with the Japanese Machine Tool Orders, at 1:00 am, ET, and the French Industrial Production in the Euro-zone’s second-largest economy, at 2:45 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.
A spotlight event- 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, and the Canadian New Housing Price Index, measuring the changes in prices of new residential construction, at 8:30 am, ET.
The Japanese Current Account of goods, services and transfer of payments into and out of the country, will be released at 6:50 pm, ET.
The day will conclude with important U.K. economic data- the U.K. RICS- Royal Institution of Chartered Surveyors (RICS) House Price Balance U.K. House Price Balance, a measure of changes in home prices, at 7:00 pm, ET, along with the U.K. BRC- British Retail Consortium Retail Sales Monitor, also at 7:00 pm, ET, followed by the Australian Business Confidence of small and large companies in the economy, at 7:30 pm, ET.
Tuesday, Nov. 11 will begin with the Japanese Eco Watchers Index, a survey of the economic sentiment of workers, at 12:00 am, ET.
The U.K. Trade Balance of the difference between imported and exported goods and services will be released at 4:30 am, ET, along with the U.K. Department for Communities and Local Government House Price Index, a measure of price changes in the U.K. housing market, also at 4:30 am, ET.
News from the Euro-zone will deliver a spotlight event- the Euro-zone and the German ZEW Institute Economic Sentiment survey of institutional investor sentiment, at 5:00 am, ET.
A sequence of important data from “down under” will begin with the Reserve Bank of New Zealand Financial Stability Report, at 3:00 pm, ET.
The day will end with a spotlight event- the Australian Westpac Melbourne Institute Consumer Sentiment, a survey of consumers’ financial conditions and attitudes about the economy, at 6:30 pm, ET, followed by the Australian Wage Price Index of inflation in workers’ compensation and wages, at 7:30 pm, ET.
Wednesday, Nov. 12 will start with the Japanese Household Confidence, a survey of the economic sentiment of households, at 12:00 am, ET.
A spotlight event will follow with the release of the U.K. Unemployment Rate, Average Earnings, and Claimant Count Change, measuring the number of people claiming unemployment, at 4:30 am, ET.
More European news will bring two releases that will be watched closely- the Euro-zone Industrial Production of the area’s factories, mines, and utilities, at 5:00 am, ET, and the Bank of England’s Inflation Report, containing detailed analysis and future estimates for inflation in the U.K., at 5:30 am, ET.
Another spotlight event- the New Zealand Retail Sales, an important gauge of consumer spending, measuring the total receipts at stores that sell durable and nondurable goods, will be released at 4:45 pm, ET, followed by New Zealand’s Index of Manufacturing Activity, at 6:00 pm, ET.
The day will end 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 6:50 pm, ET, the Australian Inflation Expectations Survey of consumers’ expectations for inflation, at 7:00 pm, ET, and the Japanese Industrial Production, at 11:30 pm, ET.
Thursday, Nov. 13 will begin with the preliminary estimate of the German GDP- Gross Domestic Product, the main measure of economic activity and growth in the Euro-zone’s largest economy, at 2:00 am, ET, and the Swiss PPI- Producers Price Index, the main measure of inflation experienced by manufacturers, at 3:15 am, ET.
News from the Euro-zone will bring the European Central Bank’s Bulletin of statistical data on inflation, economic activity and growth, at 4:00 am, ET, followed by the Swiss ZEW Institute Economic Expectations Index, a survey on the economic sentiment of institutional investors and analysts, at 5:00 am, ET.
The U.S. economic data will deliver a spotlight event- the U.S. Trade Balance of the difference between imported and exported goods and services, at 8:30 am, ET, along with the Canadian Trade Balance, also at 8:30 am, ET.
The U.S. releases will continue with the Weekly Jobless Claims, at 8:30 am, ET, the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET, and the U.S. Treasury Budget, a monthly account of the surplus or deficit of the federal government, at 2:00 pm, ET.
Friday, Nov. 14 will be the busiest trading day of the week starting with the German CPI- Consumer Price Index, the main gauge of inflation in the Euro-zone’s largest economy, at 2:00 am, ET.
A strong sequence of spotlight events will bring 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, along with the Euro-zone GDP- Gross Domestic Product, the main measure of economic activity and growth, also at 5:00 am, ET.
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, will be released at 8:30 am, ET.
More U.S. data will bring the U.S. Import and Export Prices, an index of the prices of goods that are bought in the United States but produced abroad and the prices of goods sold abroad but produced domestically, at 8:30 am, ET, followed by the U.S. Business Inventories held by manufacturers, wholesalers, and retailers, at 10:00 am, ET.
The trading week will end with another spotlight event- the preliminary estimate of the U.S. Consumer Sentiment, the University of Michigan's monthly survey of 500 households on their financial conditions and attitudes about the economy, scheduled at 10:00 am, ET.
