Jan.
30, 2009
(Allthingsforex.com)
– The
U.S. Non-Farm
Payrolls and
three interest
rate
announcements
from the
Reserve Bank of
Australia, the
Bank of
England, and
the European
Central Bank
will kick-start
the trading
month 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, Feb. 1 will start the trading session with a strong sequence of significant economic releases from “down under”, beginning with New Zealand’s Labor Cost Index, a measure of price changes in labor costs, at 4:45 pm, ET, and the Australian Manufacturing PMI- Purchasing Managers Index of the level of activity of purchasing managers in the manufacturing sector, at 5:30 pm, ET.
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 official quarterly Consumer Price Index, will be released at 6:30 pm, ET, followed by the Australian House Price Index of the monthly changes in home prices, at 7:30 pm, ET.
Monday, Feb. 2 will begin early with the Australian Commodity Prices Index of changes in commodities’ prices, at 12:30 am, ET, and the Swiss PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the manufacturing and service sectors, at 3:30 am, ET.
The Euro-zone Manufacturing PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the manufacturing sector, will be released at 4:00 am, ET, followed by the U.K. Manufacturing PMI- Purchasing Managers' Index, at 4:30 am, ET.
A sequence of important U.S. economic data will start with the U.S. Personal Income and Spending, a measure of the income received and purchases made by consumers, at 8:30 am, ET. This leading indicator of inflation is 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.
More U.S. economic reports will bring a spotlight event- the ISM Manufacturing Index, a composite diffusion index of conditions in the manufacturing sector, where a reading above or below 50 will be the dividing line between economic expansion and contraction, at 10:00 am, ET, along with the U.S. Construction Spending, also at 10:00 am, ET.
Later that night, the Australian Trade Balance of the difference between imports and exports, will be released at 7:30 pm, ET, followed by the Japanese Average Cash Earnings, measuring the monthly change in the wages paid to jobholders, at 8:30 pm, ET.
The day will end with one of the main spotlight events of the week- the Reserve Bank of Australia Interest Rate Announcement, at 10:30 pm, ET.
Tuesday, Feb. 3 will start with the Swiss Trade Balance of the difference between imports and exports, at 2:15 am, ET, followed by the U.K. Construction PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the construction sector, at 4:30 am, ET.
News from the Euro-zone will bring an important economic report- the Euro-zone PPI- Producer Price Index, the main measure of inflation experienced by manufacturers and a leading indicator of consumer inflation, due at 5:00 am, ET.
The only U.S. economic data for the day will be the U.S. Pending Home Sales, a leading indicator of existing home sales, tracking pending sales in which a contract was signed, but not yet closed, scheduled at 10:00 am, ET.
The evening releases will bring the U.K. Consumer Confidence Index, a survey of consumers’ financial conditions and attitudes about the economy, at 7:00 pm, ET, and the Australian Building Approvals, at 7:30 pm, ET.
The day will end with an important economic report- the Australian Retail Sales, the main gauge of consumer spending, at 7:30 pm, ET, followed by New Zealand’s Commodity Prices Index of changes in commodities’ prices, at 9:00 pm, ET.
Wednesday, Feb. 4 will begin with the Euro-zone Services PMI- Purchasing Managers' Index, measuring the activity level of purchasing managers in the services sector, at 4:00 am, ET, and the U.K. Services PMI- Purchasing Managers' Index, at 4:30 am, ET.
More European news will bring a spotlight event- the Euro-zone Retail Sales, the main measure of consumer spending, at 5:00 am, ET, followed by the U.K. BRC- British Retail Consortium Shop Price Index, measuring the rate of inflation experienced by retailers, at 5:30 am, ET.
The U.S. data will deliver a spotlight event- the ADP-Automatic Data Processing Employment Report, a preliminary estimate that could help to predict the outcome of monthly non-farm payrolls, at 8:15 am, ET.
The U.S. releases will continue with another spotlight event- the ISM Non-Manufacturing Index of economic conditions in industries like agriculture, mining, construction, transportation, communications, wholesale trade and retail trade, at 10:00 am, ET, and the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The day will conclude with a notable economic report- New Zealand’s Unemployment Rate and Employment Change, at 4:45 pm, ET.
Thursday, Feb. 5 will begin early with the German Factory Orders placed for manufactured goods, at 6:00 am, ET.
Two of the main spotlight events of the week will follow- Bank of England's Interest Rate Decision at 7:00 am, ET and the European Central Bank's Interest Rate Decision at 7:45 am, ET.
After the interest rate announcements, the U.S. Non-farm Productivity and Labor Costs Index, measuring the growth of labor efficiency in producing the economy's goods and services, will be released at 8:30 am, ET, along with the U.S. Weekly Jobless Claims and the Canadian Building Permits, also at 8:30 am, ET.
Another important event that morning will be the European Central Bank President Jean-Claude Trichet's speech at the press conference following the ECB Governing Council's interest rate decision, due at 8:30 am, ET. The language of the statement will be very closely watched for any hints of future changes in the ECB’s monetary policy.
News from Canada will deliver the Canadian PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in all sectors of the economy, at 10:00 am, ET.
More U.S. data will bring the Factory Orders for durable and nondurable goods, at 10:00 am, ET, the EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET, and the U.S. Treasury Strips, a report of the amount of net stripping of Treasury securities that has taken place during the month, at 3:00 pm, ET.
The day will end with the Australian Construction PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the construction sector, at 5:30 pm, ET, and the Reserve Bank of Australia Monetary Policy Statement on inflation, economic activity and the bank’s future monetary policy, scheduled at 7:30 pm, ET.
Friday, Feb. 6 will start with the Japanese Leading Indicators of economic activity, at 12:00 am, ET, the Swiss Unemployment Rate, at 1:45 am, ET, and the German Trade Balance of the difference between the imports and exports of the Euro-zone’s largest economy, at 2:00 am, ET.
The U.K. economic data will bring a spotlight event with the releases of the U.K. Industrial Production and Manufacturing Output, a measure of the physical output of the nation's factories, mines and utilities, at 4:30 am, ET, along with the U.K. Input and Output PPI- Producers Price Indexes, the main measures of inflation experienced by manufacturers, also at 4:30 am, ET.
News from Canada will deliver the Canadian Unemployment Rate and Employment Change, two indicators of employment trends and labor market conditions, at 7:00 am, ET.
The busy first trading week of the month will conclude with its main spotlight economic event- the U.S. Non-Farm Payrolls and Employment Situation Report, one of the most important indicators of economic health, measuring the number of new jobs created, scheduled at 8:30 am, ET, along with the U.S. Unemployment Rate and Average Hourly Earnings, also scheduled at 8:30 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.
Sunday, Feb. 1 will start the trading session with a strong sequence of significant economic releases from “down under”, beginning with New Zealand’s Labor Cost Index, a measure of price changes in labor costs, at 4:45 pm, ET, and the Australian Manufacturing PMI- Purchasing Managers Index of the level of activity of purchasing managers in the manufacturing sector, at 5:30 pm, ET.
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 official quarterly Consumer Price Index, will be released at 6:30 pm, ET, followed by the Australian House Price Index of the monthly changes in home prices, at 7:30 pm, ET.
Monday, Feb. 2 will begin early with the Australian Commodity Prices Index of changes in commodities’ prices, at 12:30 am, ET, and the Swiss PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the manufacturing and service sectors, at 3:30 am, ET.
The Euro-zone Manufacturing PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the manufacturing sector, will be released at 4:00 am, ET, followed by the U.K. Manufacturing PMI- Purchasing Managers' Index, at 4:30 am, ET.
A sequence of important U.S. economic data will start with the U.S. Personal Income and Spending, a measure of the income received and purchases made by consumers, at 8:30 am, ET. This leading indicator of inflation is 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.
More U.S. economic reports will bring a spotlight event- the ISM Manufacturing Index, a composite diffusion index of conditions in the manufacturing sector, where a reading above or below 50 will be the dividing line between economic expansion and contraction, at 10:00 am, ET, along with the U.S. Construction Spending, also at 10:00 am, ET.
Later that night, the Australian Trade Balance of the difference between imports and exports, will be released at 7:30 pm, ET, followed by the Japanese Average Cash Earnings, measuring the monthly change in the wages paid to jobholders, at 8:30 pm, ET.
The day will end with one of the main spotlight events of the week- the Reserve Bank of Australia Interest Rate Announcement, at 10:30 pm, ET.
Tuesday, Feb. 3 will start with the Swiss Trade Balance of the difference between imports and exports, at 2:15 am, ET, followed by the U.K. Construction PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the construction sector, at 4:30 am, ET.
News from the Euro-zone will bring an important economic report- the Euro-zone PPI- Producer Price Index, the main measure of inflation experienced by manufacturers and a leading indicator of consumer inflation, due at 5:00 am, ET.
The only U.S. economic data for the day will be the U.S. Pending Home Sales, a leading indicator of existing home sales, tracking pending sales in which a contract was signed, but not yet closed, scheduled at 10:00 am, ET.
The evening releases will bring the U.K. Consumer Confidence Index, a survey of consumers’ financial conditions and attitudes about the economy, at 7:00 pm, ET, and the Australian Building Approvals, at 7:30 pm, ET.
The day will end with an important economic report- the Australian Retail Sales, the main gauge of consumer spending, at 7:30 pm, ET, followed by New Zealand’s Commodity Prices Index of changes in commodities’ prices, at 9:00 pm, ET.
Wednesday, Feb. 4 will begin with the Euro-zone Services PMI- Purchasing Managers' Index, measuring the activity level of purchasing managers in the services sector, at 4:00 am, ET, and the U.K. Services PMI- Purchasing Managers' Index, at 4:30 am, ET.
More European news will bring a spotlight event- the Euro-zone Retail Sales, the main measure of consumer spending, at 5:00 am, ET, followed by the U.K. BRC- British Retail Consortium Shop Price Index, measuring the rate of inflation experienced by retailers, at 5:30 am, ET.
The U.S. data will deliver a spotlight event- the ADP-Automatic Data Processing Employment Report, a preliminary estimate that could help to predict the outcome of monthly non-farm payrolls, at 8:15 am, ET.
The U.S. releases will continue with another spotlight event- the ISM Non-Manufacturing Index of economic conditions in industries like agriculture, mining, construction, transportation, communications, wholesale trade and retail trade, at 10:00 am, ET, and the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The day will conclude with a notable economic report- New Zealand’s Unemployment Rate and Employment Change, at 4:45 pm, ET.
Thursday, Feb. 5 will begin early with the German Factory Orders placed for manufactured goods, at 6:00 am, ET.
Two of the main spotlight events of the week will follow- Bank of England's Interest Rate Decision at 7:00 am, ET and the European Central Bank's Interest Rate Decision at 7:45 am, ET.
After the interest rate announcements, the U.S. Non-farm Productivity and Labor Costs Index, measuring the growth of labor efficiency in producing the economy's goods and services, will be released at 8:30 am, ET, along with the U.S. Weekly Jobless Claims and the Canadian Building Permits, also at 8:30 am, ET.
Another important event that morning will be the European Central Bank President Jean-Claude Trichet's speech at the press conference following the ECB Governing Council's interest rate decision, due at 8:30 am, ET. The language of the statement will be very closely watched for any hints of future changes in the ECB’s monetary policy.
News from Canada will deliver the Canadian PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in all sectors of the economy, at 10:00 am, ET.
More U.S. data will bring the Factory Orders for durable and nondurable goods, at 10:00 am, ET, the EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET, and the U.S. Treasury Strips, a report of the amount of net stripping of Treasury securities that has taken place during the month, at 3:00 pm, ET.
The day will end with the Australian Construction PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the construction sector, at 5:30 pm, ET, and the Reserve Bank of Australia Monetary Policy Statement on inflation, economic activity and the bank’s future monetary policy, scheduled at 7:30 pm, ET.
Friday, Feb. 6 will start with the Japanese Leading Indicators of economic activity, at 12:00 am, ET, the Swiss Unemployment Rate, at 1:45 am, ET, and the German Trade Balance of the difference between the imports and exports of the Euro-zone’s largest economy, at 2:00 am, ET.
The U.K. economic data will bring a spotlight event with the releases of the U.K. Industrial Production and Manufacturing Output, a measure of the physical output of the nation's factories, mines and utilities, at 4:30 am, ET, along with the U.K. Input and Output PPI- Producers Price Indexes, the main measures of inflation experienced by manufacturers, also at 4:30 am, ET.
News from Canada will deliver the Canadian Unemployment Rate and Employment Change, two indicators of employment trends and labor market conditions, at 7:00 am, ET.
The busy first trading week of the month will conclude with its main spotlight economic event- the U.S. Non-Farm Payrolls and Employment Situation Report, one of the most important indicators of economic health, measuring the number of new jobs created, scheduled at 8:30 am, ET, along with the U.S. Unemployment Rate and Average Hourly Earnings, also scheduled at 8:30 am, ET.
