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The Trading Week

The Trading Week: Oct. 25 − Oct. 30

Fri, Oct 23 2009, 20:03 GMT
by Ilian Yotov

AllThingsForex

Oct. 23, 2009 (Allthingsforex.com) – The U.S. GDP, Durable Goods Orders, Consumer Confidence and Consumer Spending data, coupled with inflation and economic growth reports from major industrialized nations around the world could provide evidence of the global economy’s return to growth.         

In preparation for the new trading week, here is a look at the most important economic events that every currency trader should pay attention to.

Sunday, Oct. 25 will start the trading session with two notable reports- the Australian PPI- Producers Price Index, the main measure of inflation experienced by manufacturers and a leading indicator of consumer inflation, at 8:30 pm, ET, and the Australian Business Confidence Survey of the sentiment and outlook of businesses on current and future economic conditions, expected around 9:00 pm, ET.

Monday, Oct. 26 will begin with the German Gfk Group Consumer Climate Survey, an early indicator of current economic conditions and consumer expectations, at 3:00 am, ET.

The light on economic data day will end with the U.K. Rightmove House Price Index, an indicator of changes in home prices, expected around 7:00 pm, ET.
   
Tuesday, Oct. 27 will start with the Swiss Consumption Indicator of consumer spending, at 3:00 am, ET.

News from the Euro-zone will bring the Euro-zone M3 Money Supply, the European Central Bank's broadest measure of money supply growth, at 5:00 am, ET.

Important report from the U.K. will bring the CBI- Confederation of British Industry Distributive Trades Survey of realized sales made by retailers and wholesalers, scheduled at 7:00 am, ET.

The U.S. economic data will begin with the S&P/Case-Shiller National Home Price Index of the monthly changes in the average price of single-family homes in 20 metropolitan areas, at 9:00 am, ET.

A spotlight event will follow with the release of the U.S. Consumer Confidence Index of consumers’ outlook on present and future economic conditions, at 10:00 am, ET, along with the Richmond Fed Index of manufacturing activity in the Richmond Federal Reserve district, also at 10:00 am, ET. 

The day will conclude with a series notable economic releases, starting with the Japanese Retail Sales, the main measure of consumer spending, at 7:50 pm, ET.

A spotlight event from “down under” will bring the Australian CPI- Consumer Price Index, the main measure of inflation, at 8:30 pm, ET, followed by the New Zealand Business Confidence Survey of the sentiment and outlook of businesses on current and future economic conditions, at 10:00 pm, ET.

Wednesday, Oct. 28 will begin with the preliminary estimate of the German CPI- Consumer Price Index, the main measure of inflation in the Euro-zone’s largest economy, expected around 2:00 am, ET.

The U.S economic data will bring a spotlight event- the U.S. Durable Goods Orders, a leading indicator of economic activity, measuring orders placed with domestic manufacturers for immediate and future delivery of factory hard goods, at 8:30 am, ET.

Another spotlight event will deliver the U.S. New Home Sales, a gauge of housing market conditions measuring the number of newly constructed homes with a committed sale during the previous month, at 10:00 am, ET, followed by the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.

One of the main spotlight events of the week will come from New Zealand with the Reserve Bank of New Zealand’s Interest Rate Announcement, at 4:00 pm, ET.

The New Zealand Trade Balance of the difference between imported and exported goods and services will be released at 5:45 pm, ET, followed by the Australian Leading Indicators of economic activity, at 7:00 pm, ET.

The day will end with a spotlight event- the Japanese Industrial Production, the main gauge of industrial activity measuring the output of factories, mines and utilities, at 7:50 pm, ET, along with the Japanese CSPI- Corporate Services Price Index, a measure of inflation experienced by corporations when purchasing services, also at 7:50 pm, ET.

Thursday, Oct. 29 will start with the German Retail Sales, the main gauge of consumer spending, expected around 3:00 am, ET, and the German Unemployment Rate, at 4:55 am, ET.

A leading indicator of the U.K. housing market- the Bank of England’s Mortgage Approvals Report, measuring the number of issued home loans, will be released at 5:30 am, ET, along with the U.K. Consumer Lending, a measure of newly issued consumer credit, also at 5:30 am, ET.

Important economic data from the Euro-zone will bring the Euro-zone Consumer Confidence, a measure of consumers’ outlook on economic conditions, at 6:00 am, ET.

Another notable report will follow with the Canadian IPPI- Industrial Product Price Index and RMPI- Raw Materials Price Index, the main measures of inflation experienced by manufacturers, at 8:30 am, ET.

The U.S. economic releases will begin with one of the major spotlight events of the week- the U.S. GDP- Gross Domestic Product, the main measure of economic activity and growth in the world’s largest economy, at 8:30 am, ET.

More U.S economic data will include the weekly Jobless Claims, a gauge of labor market conditions measuring new unemployment claims, at 8:30 am, ET, and the EIA- Energy Information Administration Natural Gas Inventories, at 10:30 am, ET.

A sequence of important economic reports from Japan will begin with the Japanese Manufacturing PMI- Purchasing Manager's Index, a leading indicator of economic conditions measuring the level of activity of purchasing managers in the manufacturing sector, at 7:15 pm, ET.

A major spotlight event- the Japanese CPI- Consumer Price Index, the main measure of inflation, will hit the newswires at 7:30 pm, ET, along with the Japanese Unemployment Rate and Household Spending, also at 7:30 pm, ET.

The U.K. Consumer Confidence, a survey of consumers’ outlook on economic conditions, will follow at 8:00 pm, ET.

The day will end with another spotlight event- the Bank of Japan Interest Rate Announcement, expected around 11:00 pm, ET.

Friday, Oct. 30 will begin with the Japanese Housing Starts, a leading indicator of housing market activity measuring construction of new residential properties, at 1:00 am, ET, and the Bank of Japan’s Report on economic conditions, inflation and monetary policy, at 2:00 am, ET.

News from the Euro-zone will bring a spotlight event- the Euro-zone Flash HICP- Harmonized Index of Consumer Prices, a preliminary flash estimate of the main measure of inflation in the Euro-zone and the European equivalent to the CPI- Consumer Price Index, at 6:00 am, ET, along with the Euro-zone Unemployment Rate, also at 6:00 am, ET.

Another spotlight event- the Canadian GDP- Gross Domestic Product, the main gauge of economic activity and growth, will be released at 8:30 am, ET.

The U.S. economic reports will deliver one of the main spotlight events of the week- the U.S. Personal Income and Outlays, a measure of the income received and purchases made by consumers, will come at 8:30 am, ET, along with the PCE Deflator, also at 8:30 am, ET. The Personal Consumption and Expenditures Deflator is a leading indicator of inflation preferred by the Fed because it measures a variable basket of goods and services, as opposed to the CPI-Consumer Price Index, which measures a fixed basket of goods and services.  

The U.S. data will continue with the U.S. Employment Cost Index, a measure of total employee compensation costs, including wages, salaries and benefits, at 8:30 am, ET, and the National Association of Purchasing Management – Chicago Index of economic conditions in the Chicago area, at 9:45 am, ET. 

The busy trading week will end with another spotlight event- 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 23 2009, 20:03 GMT