Jan.
23, 2009
(Allthingsforex.com)
– The
Fed’s
interest rate
decision,
coupled with
the U.S.
housing and
economic growth
data, 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.
Monday, Jan. 26 will begin with a leading indicator of the U.K. housing market- the BBA- British Bankers' Association Mortgage Approvals, measuring the number of issued home loans, at 4:30 am, ET.
One of the main spotlight events of the week- the U.S. Existing Home Sales, the main gauge of the condition of the U.S. housing market measuring the number of closed sales of previously constructed homes, condominiums and co-ops, will be released at 10:00 am, ET.
The day will conclude with several notable economic reports, starting with the Japanese CSPI- Corporate Services Price Index, a measure of inflation experienced by corporations when purchasing services, at 6:50 pm, ET, and the Bank of Japan’s Meeting Minutes from the last monetary policy meeting that may provide some clues about the bank’s future monetary policies, also at 6:50 pm, ET.
The Australian PPI-Producers Price Index, the main measure of inflation experienced by manufacturers, and the Australian Business Confidence Survey of the sentiment of businesses regarding current and future economic conditions, will wrap up the day at 7:30 pm, ET.
Tuesday, Jan. 27 will start with a spotlight event- the German IFO Institute Business Climate and Expectations Index, an early indicator of current economic conditions and business expectations, at 4:00 am, ET, along with the Euro-zone Current Account of goods, services and transfer of payments into and out of the country, also at 4:00 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 consumer attitudes on present economic conditions and expectations of future 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 end with one of the major spotlight events of the week- the Australian CPI- Consumer Price Index, the quarterly released main measure of inflation, scheduled at 7:30 pm, ET.
Wednesday, Jan. 28 will begin with the German Consumer Climate Index of the sentiment of consumers regarding current and future economic conditions, at 2:00 am, ET, and 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 start with the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The main spotlight event of the week- the U.S. FOMC- Federal Open Market Committee Interest Rate Decision will be announced at 2:15 pm, ET.
Shortly after, another major spotlight event will come from New Zealand with the Reserve Bank of New Zealand’s Interest Rate Announcement, at 3:00 pm, ET, followed by New Zealand’s Trade Balance of the difference in value between imported and exported goods and services, at 4:45 pm, ET.
The day will end with a notable economic release- the Japanese Retail Sales, the main measure of consumer spending, at 6:50 pm, ET.
Thursday, Jan. 29 will start with U.K. Nationwide House Price Index, used as an indicator of price changes in the housing sector, at 2:00 am, ET, followed by the German Unemployment Rate, at 3:55 am, ET.
Important European economic data will bring the Euro-zone M3 Money Supply, the European Central Bank's broadest measure of money supply growth, at 4:00 am, ET, and the Euro-zone Consumer Confidence, a measure of consumers’ attitudes in regard to economic conditions, at 5:00 am, ET.
News from Canada will deliver a notable economic report- 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 start with the U.S. Durable Goods Orders, placed with domestic manufacturers for immediate and future delivery of factory hard goods, at 8:30 am, ET, along with the U.S. weekly Jobless Claims, also at 8:30 am, ET.
The U.S. economic data will continue with a spotlight event- the U.S. New Home Sales, measuring the number of newly constructed homes with a committed sale during the previous month, at 10:00 am, ET, followed by the weekly EIA- Energy Information Administration Natural Gas Inventories, at 10:30 am, ET.
Later that evening, the Australian Leading Index of overall economic conditions will be released at 6:00 pm, ET.
The day will conclude with a spotlight event- the Japanese CPI- Consumer Price Index, the main measure of inflation, at 6:30 pm, ET, along with the Japanese Unemployment Rate and Household Spending, also at 6:30 pm, ET, and followed by the Japanese Industrial Production, measuring the physical output of the nation's factories, mines and utilities, at 6:50 pm, ET.
The U.K. Consumer Confidence, a survey of consumers’ attitudes in regard to economic conditions, will wrap up the busy day at 7:00 pm, ET.
Friday, Jan. 30 will begin with the Japanese Housing Starts, measuring construction of new residential properties, at 12:00 am, ET, and the U.K. Consumer Lending, a measure of newly issued consumer credit, at 4:30 am, ET.
News from the Euro-zone will deliver 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 5:00 am, ET, along with the Euro-zone Unemployment Rate, also at 5:00 am.
Another spotlight event- the Canadian GDP- Gross Domestic Product, the main measure of economic activity and growth, will hit the newswires 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.
The U.S. economic data will continue with the U.S. Employment Cost Index, a measure of total employee compensation costs, including wages and salaries as well as benefits, also at 8:30 am, ET, and the National Association of Purchasing Management – Chicago survey and index of business conditions in the Chicago area, at 9:45 am, ET.
The busy last trading week of the month will end with a spotlight event- the U.S. Consumer Sentiment, the University of Michigan’s monthly survey of 500 households on their financial conditions and attitudes about the economy, scheduled at 9:55 am, ET.
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, Jan. 26 will begin with a leading indicator of the U.K. housing market- the BBA- British Bankers' Association Mortgage Approvals, measuring the number of issued home loans, at 4:30 am, ET.
One of the main spotlight events of the week- the U.S. Existing Home Sales, the main gauge of the condition of the U.S. housing market measuring the number of closed sales of previously constructed homes, condominiums and co-ops, will be released at 10:00 am, ET.
The day will conclude with several notable economic reports, starting with the Japanese CSPI- Corporate Services Price Index, a measure of inflation experienced by corporations when purchasing services, at 6:50 pm, ET, and the Bank of Japan’s Meeting Minutes from the last monetary policy meeting that may provide some clues about the bank’s future monetary policies, also at 6:50 pm, ET.
The Australian PPI-Producers Price Index, the main measure of inflation experienced by manufacturers, and the Australian Business Confidence Survey of the sentiment of businesses regarding current and future economic conditions, will wrap up the day at 7:30 pm, ET.
Tuesday, Jan. 27 will start with a spotlight event- the German IFO Institute Business Climate and Expectations Index, an early indicator of current economic conditions and business expectations, at 4:00 am, ET, along with the Euro-zone Current Account of goods, services and transfer of payments into and out of the country, also at 4:00 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 consumer attitudes on present economic conditions and expectations of future 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 end with one of the major spotlight events of the week- the Australian CPI- Consumer Price Index, the quarterly released main measure of inflation, scheduled at 7:30 pm, ET.
Wednesday, Jan. 28 will begin with the German Consumer Climate Index of the sentiment of consumers regarding current and future economic conditions, at 2:00 am, ET, and 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 start with the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The main spotlight event of the week- the U.S. FOMC- Federal Open Market Committee Interest Rate Decision will be announced at 2:15 pm, ET.
Shortly after, another major spotlight event will come from New Zealand with the Reserve Bank of New Zealand’s Interest Rate Announcement, at 3:00 pm, ET, followed by New Zealand’s Trade Balance of the difference in value between imported and exported goods and services, at 4:45 pm, ET.
The day will end with a notable economic release- the Japanese Retail Sales, the main measure of consumer spending, at 6:50 pm, ET.
Thursday, Jan. 29 will start with U.K. Nationwide House Price Index, used as an indicator of price changes in the housing sector, at 2:00 am, ET, followed by the German Unemployment Rate, at 3:55 am, ET.
Important European economic data will bring the Euro-zone M3 Money Supply, the European Central Bank's broadest measure of money supply growth, at 4:00 am, ET, and the Euro-zone Consumer Confidence, a measure of consumers’ attitudes in regard to economic conditions, at 5:00 am, ET.
News from Canada will deliver a notable economic report- 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 start with the U.S. Durable Goods Orders, placed with domestic manufacturers for immediate and future delivery of factory hard goods, at 8:30 am, ET, along with the U.S. weekly Jobless Claims, also at 8:30 am, ET.
The U.S. economic data will continue with a spotlight event- the U.S. New Home Sales, measuring the number of newly constructed homes with a committed sale during the previous month, at 10:00 am, ET, followed by the weekly EIA- Energy Information Administration Natural Gas Inventories, at 10:30 am, ET.
Later that evening, the Australian Leading Index of overall economic conditions will be released at 6:00 pm, ET.
The day will conclude with a spotlight event- the Japanese CPI- Consumer Price Index, the main measure of inflation, at 6:30 pm, ET, along with the Japanese Unemployment Rate and Household Spending, also at 6:30 pm, ET, and followed by the Japanese Industrial Production, measuring the physical output of the nation's factories, mines and utilities, at 6:50 pm, ET.
The U.K. Consumer Confidence, a survey of consumers’ attitudes in regard to economic conditions, will wrap up the busy day at 7:00 pm, ET.
Friday, Jan. 30 will begin with the Japanese Housing Starts, measuring construction of new residential properties, at 12:00 am, ET, and the U.K. Consumer Lending, a measure of newly issued consumer credit, at 4:30 am, ET.
News from the Euro-zone will deliver 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 5:00 am, ET, along with the Euro-zone Unemployment Rate, also at 5:00 am.
Another spotlight event- the Canadian GDP- Gross Domestic Product, the main measure of economic activity and growth, will hit the newswires 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.
The U.S. economic data will continue with the U.S. Employment Cost Index, a measure of total employee compensation costs, including wages and salaries as well as benefits, also at 8:30 am, ET, and the National Association of Purchasing Management – Chicago survey and index of business conditions in the Chicago area, at 9:45 am, ET.
The busy last trading week of the month will end with a spotlight event- the U.S. Consumer Sentiment, the University of Michigan’s monthly survey of 500 households on their financial conditions and attitudes about the economy, scheduled at 9:55 am, ET.
