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The Trading Week

The Trading Week: July 5 − July 10

Fri, Jul 3 2009, 16:10 GMT
by Ilian Yotov

AllThingsForex

July 3, 2009 (Allthingsforex.com) – Two interest rate announcements from the Reserve Bank of Australia and the Bank of England, coupled with the Australian Employment, the U.K. Industrial Production and the U.S. ISM Non-Manufacturing Index, will put the spotlight on the GBP/USD and the AUD/USD currency pairs 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, July 5 will start the trading session with the first spotlight event of the week- the Australian TD Securities Melbourne Institute Inflation Gauge, a measure of consumer inflation used as a leading monthly indicator of the main gauge of inflation, the quarterly released CPI- Consumer Price Index, scheduled at 8:30 pm, ET.  

Monday, July 6 will start with the Japanese Leading Index of economic conditions, at 1:00 am, ET, and the Euro-zone Investor Confidence Index, at 4:30 am, ET.

A major spotlight event from the U.S., the ISM Non-Manufacturing Index of economic conditions in the services industries: agriculture, mining, construction, transportation, communications, wholesale trade and retail trade, will be released at 10:00 am, ET.

The day will conclude with New Zealand’s Business Confidence of big and small companies, at 6:00 pm, ET.

Tuesday, July 7 will begin early with one of the main spotlight events of the week- the Reserve Bank of Australia Interest Rate Announcement, scheduled at 12:30 am, ET.

Another spotlight event- the U.K. Industrial Production and Manufacturing Output, the main gauge of industrial activity measuring the physical output of the nation's factories, mines and utilities, will hit the newswires at 4:30 am, ET, followed by the German Factory Orders, at 6:00 am, ET.

Notable Canadian economic reports will include the Canadian Building Permits, a leading indicator of housing market activity, at 8:30 am, ET, and the Canadian Ivey PMI- Purchasing Managers Index, measuring the activity level of purchasing managers in all sectors of the economy, at 10:00 am, ET.

Two important economic reports will come later that night from the U.K. with the preliminary estimate of the GDP- Gross Domestic Product, the main measure of economic activity and growth, at 7:00 pm, ET, and the U.K. Consumer Confidence Index, a survey of consumers’ financial conditions and confidence in the economy, also at 7:00 pm, ET.

The Japanese Machinery Orders, a leading indicator of industrial activity, will be released at 7:50 pm, ET, along with the Japanese Current Account of goods, services and transfer of payments into and out of the country, also at 7:50 pm, ET.

The day will end with the Australian Westpac Melbourne Institute Consumer Sentiment, a measure of consumers’ attitudes about the economy, at 9:00 pm, ET, followed by the Australian Home Loans, a leading indicator of housing market conditions measuring the total number of issued home loans, at 9:30 pm, ET.

Wednesday, July 8 will start with the Japanese Eco Watchers Survey of the sentiment of businesses in the services industry, at 1:00 am, ET, and the Swiss Unemployment Rate, at 1:45 am, ET.

A spotlight event will follow with release of the Euro-zone GDP- Gross Domestic Product, the main measure of economic activity and growth, at 5:00 am, ET.

Another notable report- the German Industrial Production, the main measure of industrial activity measuring the physical output of factories, mines and utilities will be released at 6:00 am, ET.

The only U.S. data that morning will be the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.

The Australian Melbourne Institute Inflation Expectations survey of consumers’ outlook on inflation will be released at 9:00 pm, ET. 

The day will end with a spotlight event from “down under”- the Australian Employment Situation and Unemployment Rate, the main gauge of labor market conditions, at 9:30 pm, ET.

Thursday, July 9 will begin with the German CPI- Consumer Price Index, the main measure of inflation in the Euro-zone’s largest economy, at 2:00 am, ET, along with the German Trade Balance of the difference between imported and exported goods and services, also at 2:00 am, ET.

A notable report will follow with the release of the European Central Bank’s Bulletin of statistical data on inflation, economic activity and growth, at 4:00 am, ET.

The U.K. Trade Balance of the difference between imports and exports of goods and services will follow at 4:30 am, ET, along with the U.K. Leading Indicators of economic activity, at 5:00 am, ET.

One of the main spotlight events of the week- the Bank of England's Interest Rate Announcement will be released at 7:00 am, ET.

News from Canada will bring the Canadian Housing Starts, a leading indicator of housing market activity measuring new residential construction, at 8:30 am, ET.                                                 

The U.S. economic reports will include the U.S. Weekly Jobless Claims, at 8:30 am, ET, the U.S. Wholesale Trade, measuring the dollar value of sales made and inventories held by merchant wholesalers, at 10:00 am, ET, and the EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, 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 wholesale inflation experienced by manufacturers and a leading indicator of consumer inflation, at 7:50 pm, ET.

Friday, July 10 will start with the French Industrial Production, the main gauge of industrial activity measuring the physical output of factories, mines and utilities of the Euro-zone’s second-largest economy, at 2:45 am, ET.

The U.K. economic data will bring a spotlight event- the U.K. Input and Output PPI- Producers Price Index, the main measure of inflation experienced by manufacturers and a leading indicator of consumer inflation, at 4:30 am, ET.

Another spotlight event will come from Canada with the release of the Canadian Employment Situation Report, the main gauge of labor market conditions measuring the unemployment rate and the number of paid employees working part and full-time, at 7:00 am, ET, followed by the Canadian Trade Balance, at 8:30 am, ET.

The U.S. economic data will begin with a spotlight event- the U.S. International Trade Balance, a measure of the difference between imports and exports of goods and services, 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 trading week will end with the preliminary estimate of the U.S. Consumer Sentiment, the University of Michigan’s monthly survey of 500 households on their financial conditions and outlook of the economy, scheduled at 9:55 am, ET.

Published on  Fri, Jul 3 2009, 16:11 GMT