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The Trading Week

The Trading Week: June 14 − June 19

Thu, Jun 11 2009, 20:12 GMT
by Ilian Yotov

AllThingsForex

June 12, 2009 (Allthingsforex.com) – Inflation reports from major economies around the globe along with the Bank of Japan and the Swiss National Bank’s interest rate announcements will take the center stage in 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, June 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.

Monday, June 15 will begin with the first spotlight event of the week- the Bank of Japan’s Interest Rate Announcement, expected around 12:00 am, ET.

The Swiss PPI- Producers Price Index, the main measure of wholesale inflation experienced by manufacturers, will be released at 3:15 am, ET, followed by the Euro-zone Employment Change, a gauge of labor market conditions, at 5:00 am, ET.

The U.S. economic data will include several important economic releases, starting with the Empire State Manufacturing Survey of manufacturing conditions in New York State, at 8:30 am, ET, and the TIC- Treasury International Capital, the Treasury data tracking the flows of financial instruments into and out of the United States as a measure of the attractiveness of the U.S. Dollar for foreign investors, at 9:00 am, ET.

The U.S. economic releases will continue with 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 day will end with a notable report- 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, at 9:30 pm, ET.

Tuesday, June 16 will start with the Swiss Industrial Production, the main gauge of industrial activity measuring the physical output of factories, mines and utilities, 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 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 the German ZEW Institute Economic Sentiment, a survey of the sentiment and outlook of institutional investors and financial experts on the economy, also at 5:00 am, ET. 

The sequence of spotlight events will continue with the U.S. Housing Starts and Building Permits, a leading indicator of housing market conditions measuring changes in the rate of home construction, at 8:30 am, ET, along with the U.S. PPI- Producers Price Index, the main measure of wholesale inflation experienced by manufacturers and a leading indicator of consumer inflation, also at 8:30 am, ET.

Another major spotlight event- the U.S. Industrial Production, the main gauge of industrial activity measuring the physical output of factories, mines and utilities of the world’s largest economy will be released at 9:15 am, ET.

The day will conclude with the Australian Leading Indicators of economic activity, at 9:00 pm, ET, and the Australian Housing Starts, a leading indicator of housing market activity, at 9:30 pm, ET.

Wednesday, June 17 will begin with the Bank of Japan’s Monthly Report on inflation and economic growth, at 1:00 am, ET, followed by the Swiss Economic Growth Forecast, at 1:45 am, ET, and the Swiss Retail Sales, an important measure of consumer spending, at 3:15 am, ET.

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

The Swiss ZEW Institute Economic Expectations survey of the sentiment and outlook of institutional investors and financial experts on the economy will be released at 5:00 am, ET.

The U.S. economic data will bring one of the major 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.

More U.S. reports will include the U.S. Current Account of goods, services, and transfers in and out of the country, at 8:30 am, ET, followed by the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.

The day will end with the Reserve Bank of Australia’s Monthly Bulletin on inflation, economic activity and growth, at 9:30 pm, ET.

Thursday, June 18 will start with a spotlight event- the Swiss National Bank Interest Rate Announcement and Financial Stability Report, at 3:30 am, ET.

News from the U.K. will bring another spotlight event- the U.K. Retail Sales, an important gauge of consumer spending, measuring the total receipts at stores that sell durable and non-durable goods, scheduled at 4:30 am, ET, along with the U.K. Public Sector Net Borrowing, a measure of credit debt and spending by public corporations, at 4:30 am, ET, and the U.K. M4 Money Supply, also at 4:30 am, ET.

The Canadian economic data will deliver another spotlight event- the Canadian CPI- Consumer Price Index, the main measure of inflation, at 7:00 am, ET.

A sequence of important U.S. economic reports will begin with the usual for every Thursday weekly Jobless Claims, at 8:30 am, ET, and the Philly Fed Manufacturing Survey of manufacturing conditions within the Philadelphia Federal Reserve district, at 10:00 am, ET.

The U.S. data will continue with the U.S. Leading Indicators of economic activity, at 10:00 am, ET, and the EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET.

The day will conclude with Bank of Japan’s Meeting Minutes from the last monetary policy meeting that may provide some clues about the bank’s future monetary policy, at 7:50 pm, ET.

Friday, June 19 will begin with the German PPI-Producers Price Index, the main measure of wholesale inflation experienced by manufacturers in the Euro-zone’s largest economy, at 2:00 am, ET.

The busy trading week will end with a notable event- the Canadian Retail Sales, an important gauge of consumer spending, measuring the total receipts at stores that sell durable and non-durable goods, scheduled at 8:30 am, ET. 

Published on  Thu, Jun 11 2009, 20:13 GMT