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The Trading Week

The Trading Week: Oct. 12 − Oct. 16

Fri, Oct 9 2009, 19:57 GMT
by Ilian Yotov

AllThingsForex

Oct. 9, 2009 (Allthingsforex.com) – Series of Consumer Price Indexes, Retail Sales and Industrial Production reports, scheduled for release in the week ahead, will bring the focus on inflation, consumer spending and industrial activity in some of the world’s largest economies.

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.

Monday, Oct. 12 will see the U.S. banks closed in observance of the Columbus Day holiday, which may contribute to a lower volume of transactions during the U.S. trading session.

There will be no notable economic data released earlier in the day, but the evening will bring a sequence of important economic reports, beginning with the New Zealand Retail Sales, the main measure of consumer spending, at 5:45 pm, ET.

The U.K. Royal Institution of Chartered Surveyors House Price Balance, measuring changes in home prices, will follow at 7:00 pm, ET, along with the BRC- British Retail Consortium Retail Sales Monitor, an important gauge of consumer spending, also at 7:00 pm, ET.

The Australian Business Confidence, a measure of the economic sentiment of businesses in the non-farm sector, will wrap up the day at 8:30 pm, ET. 

Tuesday, Oct. 13 will begin with the Swiss PPI- Producers Price Index, the main measure of wholesale inflation experienced by manufacturers and a leading indicator of consumer inflation, at 3:15 am, ET.

The first spotlight event 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.

News from the Euro-zone will deliver another spotlight event- the German ZEW Institute Economic Sentiment, a survey of the sentiment and outlook of institutional investors and financial experts on the economy, at 5:00 am, ET. 

The only notable report from the U.S. will be the U.S. Treasury Budget Balance, a monthly account of the Federal Government’s budget, at 2:00 pm, ET.

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, will hit the newswires at 7:50 pm, ET.

The day will end with the Australian Consumer Sentiment, a survey of consumers’ financial conditions and outlook on the economy, scheduled at 8:00 pm, ET.

Wednesday, Oct. 14 will start with a spotlight event- the Bank of Japan Interest Rate Announcement, expected around 12:00 am, ET, followed by the Japanese Household Confidence, a survey of the economic sentiment of households, at 1:00 am, ET.

A spotlight event from the U.K. will bring the U.K. Jobless Claims, Unemployment Rate and Average Earnings, the main gauges of labor market conditions, all scheduled at 4:30 am, ET.

News from the Euro-zone will deliver another spotlight event- the Euro-zone Industrial Production, the main gauge of industrial activity measuring the output of factories, mines, and utilities, at 5:00 am, ET.

The U.S. economic data will begin with a major spotlight event- the U.S. Retail Sales, an important gauge of consumer spending, measuring the total receipts at stores that sell durable and nondurable goods, at 8:30 am, ET.

The U.S. reports will continue with the U.S. Import and Export Prices, an index of price changes and inflation in products traded internationally, at 8:30 am, ET, and the U.S. Business Inventories, a gauge of economic conditions measuring inventories of manufacturers, wholesalers, and retailers, at 10:00 am, ET.

Another spotlight event from the U.S. will bring the FOMC Meeting Minutes, a detailed record of the Fed’s last monetary policy meeting that may provide an outlook on the economy and clues about the future of the Fed’s monetary policy, scheduled at 2:00 pm, ET.

The New Zealand Manufacturing Index of performance in the manufacturing sector will be released at 5:30 pm, ET.

A spotlight event will follow with the New Zealand CPI- Consumer Price Index, the main measure of inflation, at 5:45 pm, ET.

The day will conclude with the Australian Inflation Expectations, a survey of consumers’ outlook on inflation, at 8:00 pm, ET, and the Reserve Bank of Australia’s Monthly Bulletin on monetary policy, inflation and economic conditions, at 8:30 pm, ET.

Thursday, Oct. 15 will begin with the Japanese Industrial Production, the main gauge of industrial activity measuring the output of factories, mines, and utilities, at 12:30 am, ET, and the Bank of Japan’s Monthly Report on monetary policy, inflation and economic conditions, at 1:00 am, ET.

The European Central Bank’s Monthly Bulletin on monetary policy, inflation and economic conditions will be expected at 4:00 am, ET, followed by the Swiss ZEW Institute Economic Expectations survey of institutional investors and analysts’ outlook on the economy, at 5:00 am, ET.

A major spotlight event- 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, will be released at 5:00 am, ET.

One of the main spotlight events of the week- the U.S. CPI- Consumer Price Index, the main measure of inflation in the world’s largest economy, will come at 8:30 am, ET.

The U.S economic releases will continue with the weekly Jobless Claims, an important gauge of labor market conditions measuring new unemployment claims, at 8:30 am, ET, along with the Empire State Manufacturing Survey of manufacturing conditions in the state of New York, also at 8:30 am, ET.

More U.S. data will bring the Philadelphia Fed Survey of manufacturing conditions within the Philadelphia Federal Reserve district, at 10:00 am, ET, the EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET, and the EIA- Energy Information Administration Weekly Oil Inventories, at 11:00 am, ET.

Friday, Oct. 16 will start with the Swiss Retail Sales, an important gauge of consumer spending, at 3:15 am, ET, and the Euro-zone Trade Balance of the difference between imported and exported goods and services, at 5:00 am, ET.

News from Canada will bring a spotlight event- the Canadian CPI- Consumer Price Index, the main measure of inflation, at 7:00 am, ET.

The U.S. economic data will begin with the U.S. TIC- Treasury International Capital, a measure of the attractiveness of the U.S. Dollar, tracking the flows of financial instruments into and out of the United States, at 9:00 am, ET.

One of the major spotlight events of the week will follow with the release of the U.S. Industrial Production, the main gauge of industrial activity measuring the output of factories, mines, and utilities, at 9:15 am, ET.

The busy 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 outlook of the economy, scheduled at 9:55 am, ET.

Published on  Fri, Oct 9 2009, 19:58 GMT