The Trading Week

11

1
The Trading Week: Top 10 Spotlight Economic Events
Wed, Jan 7 2009, 06:49 GMT
by Ilian Yotov
AllThingsForex
Jan.
5, 2009
(Allthingsforex.com)
– The
U.S. Non-Farm
Payrolls and
Bank of
England’s
interest rate
announcement
will take the
center stage in
the first full
trading week of
2009.
Here is a
list of the Top
10 spotlight
economic events
that every
currency trader
should pay
attention to in
the week ahead.
1.
EUR- Euro-zone
Flash HICP-
Harmonized
Index of
Consumer
Prices, Tues.,
Jan. 6, 5:00
am, ET
The
HICP-
Harmonized
Index of
Consumer Prices
is the main
measure of
inflation in
the Euro-zone
and the
European
equivalent to
the CPI-
Consumer Price
Index.
2.
USD- U.S. ISM
Non-Manufacturing
Index, Tues.,
Jan. 6, 10:00
am, ET
The ISM-
Institute for
Supply
Management
Non-Manufacturing
Index measures
economic
activity and
conditions in
the U.S.
service
industries like
agriculture,
mining,
construction,
transportation,
communications,
wholesale trade
and retail
trade.
3.
EUR- Euro-zone
PPI- Producer
Price Index,
Wed., Jan. 7,
5:00 am, ET
The
PPI-Producers
Price Index is
the main
measure of
inflation
experienced by
manufacturers
and is used as
a leading
indicator of
the HICP-
Harmonized
Index of
Consumer
Prices- the
official
measure of
inflation in
the
Euro-zone.
4.
USD- U.S. ADP-
Automatic Data
Processing
Employment
Report, Wed.,
Jan. 7, 8:15
am, ET
The
ADP-Automatic
Data Processing
Employment
Report covers
jobs and
payrolls in the
private sector
of the U.S.
economy and is
used as a
leading
indicator of
the outcome of
the monthly
Non-Farm
Payrolls.
5.
EUR- Euro-zone
GDP- Gross
Domestic
Product,
Thurs., Jan. 8,
5:00 am, ET
The Euro-zone
GDP- Gross
Domestic
Product is the
main measure of
economic
activity and
growth in the
15 member
countries of
the European
Monetary Union.
6.
GBP- Bank of
England
Interest Rate
Announcement,
Thurs., Jan. 8,
7:00 am,
ETThe
Bank of England
announces its
decision on
interest rates.
The consensus
forecast is for
50 basis points
interest rate
cut.
7.
GBP- U.K. PPI-
Producer Price
Index and
Manufacturing
Output, Fri.,
Jan. 9, 4:30
am,
ETThe
PPI-Producers
Price Index is
the main
measure of
inflation
experienced by
manufacturers
and is used as
a leading
indicator of
the CPI-
Consumer Price
Index. The
Industrial
Production and
Manufacturing
Output are
important
indicators of
manufacturing
activity and
growth of the
U.K.
economy.
8.
EUR- Euro-zone
Retail Sales,
Fri., Jan. 9,
5:00 am, ET
The
Euro-zone
Retail Sales
are an
important
measure of
consumer
spending. As
opposed to the
U.S. and
Canadian retail
sales reports,
auto sales are
not included in
the retail
sales data from
the Euro-zone.
9.
CAD- Canada
Employment
Report and
Unemployment
Rate, Fri.,
Jan. 9, 7:00
am,
ETThe
Canadian
Employment
Report is an
indicator of
economic
conditions,
jobs creation
and employment
trends.
10.
USD- U.S.
Non-Farm
Payrolls and
Employment
Situation,
Fri., Jan. 9,
8:30 am, ET
The U.S.
Employment
Situation
Report and
Non-Farm
Payrolls are
the most
important
indicators of
labor market
conditions and
economic
health,
measuring the
number of new
jobs added to
the U.S.
economy, as
well as the
U.S.
Unemployment
Rate and
Average Hourly
Earnings. The
consensus
forecast for
the Non-Farm
Payrolls is
-500,000,
compared to
-533,000 jobs
reported in the
previous month.
The
Unemployment
Rate is
expected to
rise to 7.0%
from the
previously
reported 6.7%.
Published on
Wed, Jan 7 2009, 06:53 GMT
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