Feb.
20, 2009
(Allthingsforex.com)
– The
U.S. housing
and economic
growth data,
coupled with
inflation
reports from
major
industrialized
nations around
the globe,
promise to keep
traders
occupied 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, Feb. 23 will begin with the first spotlight event of the week- the Canadian Retail Sales, the main gauge of consumer spending measuring the total receipts at stores that sell durable and non-durable goods, at 8:30 am, ET.
The day will conclude with two significant reports- the Bank of Japan’s Meeting Minutes from the last monetary policy meeting that may provide some clues about the bank’s future monetary policy, scheduled at 6:50 pm, ET, and the Japanese CSPI- Corporate Services Price Index of the rate of inflation for corporations paying for services, also at 6:50 pm, ET.
Tuesday, Feb. 24 will start with the Swiss Employment Rate, at 3:15 am, ET, and the Swiss Consumption Indicator of consumer spending, at 4:00 am, ET.
News from the Euro-zone will bring a spotlight event- the German IFO Institute Business Climate and Expectations Index, an early indicator of current conditions and business expectations in the Euro-zone’s largest economy, at 4:00 am, ET, along with the Euro-zone Current Account of goods, services and transfer of payments into and out of the region, also at 4:00 am, ET.
The U.K. British Bankers' Association Mortgage Approvals, a leading indicator of housing market activity tracking newly issued mortgages, will be released at 4:30 am, ET.
The Euro-zone Industrial New Orders for durable and non-durable goods will come at 5:00 am, ET, followed by the Confederation of British Industry Distributive Trades, measuring wholesale and retail sales, at 6:00 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.
More U.S. economic reports will include the U.S. House Price Index of the price changes of homes with mortgages backed by Fannie May and Freddie Mac, at 10:00 am, ET, and the Richmond Fed Index, measuring the general business conditions of manufacturers in the Richmond Federal Reserve district, also at 10:00 am, ET.
The day will end with the Japanese Trade Balance of the difference between imports and exports, at 6:50 pm, ET, the Australian Wage Price Index of inflation in wages, at 7:30 pm, ET, and the Reserve Bank of New Zealand’s Quarterly Inflation Expectations Report, at 9:00 pm, ET.
Wednesday, Feb. 25 will begin with the German GDP- Gross Domestic Product, the main measure of economic activity and growth in the Euro-zone’s largest economy, at 2:00 am, ET.
A spotlight event- the U.K. GDP- Gross Domestic Product, the main measure of economic activity and growth, will be released at 4:30 am, ET.
The U.S. economic data will bring the main spotlight event 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, at 10:00 am, ET, followed by the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The day will conclude with New Zealand’s Trade Balance of the difference between imports and exports, at 4:45 pm, ET, the Australian Leading Index of economic activity, at 6:00 pm, ET, and the New Zealand Business Confidence survey of businesses on their financial conditions and attitudes about the economy, at 9:00 pm, ET.
Thursday, Feb. 26 will be the busiest trading day of the week filled with important economic reports, beginning with 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 European data will continue with the German Gfk Market Research Group Consumer Climate Index of the sentiment of consumers regarding current and future economic conditions, at 2:00 am, ET, along with the U.K. Nationwide House Price Index, used as an indicator of price changes in the housing sector, also at 2:00 am, ET.
More news from the Euro-zone will bring the German Unemployment Change, at 3:55 am, ET, 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 survey of consumers on their financial conditions and attitudes about the economy, at 5:00 am, ET.
The U.S. economic releases will begin with a spotlight event- 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 usual for every Thursday weekly Jobless Claims, at 8:30 am, ET.
The U.S. data will continue with another 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 Weekly Natural Gas Inventories, at 10:30 am, ET.
The day will conclude with a sequence of spotlight events starting with 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.
Another spotlight event will wrap up the busy day with the release of the Japanese Retail Sales, the main gauge of consumer spending, at 6:50 pm, ET, followed by the U.K. Consumer Confidence, a measure of consumers’ attitudes in regard to economic conditions, at 7:00 pm, ET.
Friday, Feb. 27 will begin with the Japanese Housing Starts, measuring construction of new residential properties, at 12:00 am, ET.
News from the Euro-zone will deliver a 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, at 5:00 am, ET, along with the Euro-zone Unemployment Rate, also at 5:00 am, ET.
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, will be released at 8:30 am, ET, along with the Canadian Current Account of goods, services and transfer of payments into and out of the region, also at 8:30 am, ET.
The U.S. economic data will bring one of the main spotlight events of the week- the preliminary estimate of 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, followed by the National Association of Purchasing Management – Chicago survey and index of business conditions in the Chicago area, at 9:45 am, ET.
The busy trading week will end with another spotlight event- the U.S. University of Michigan Consumer Sentiment 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, Feb. 23 will begin with the first spotlight event of the week- the Canadian Retail Sales, the main gauge of consumer spending measuring the total receipts at stores that sell durable and non-durable goods, at 8:30 am, ET.
The day will conclude with two significant reports- the Bank of Japan’s Meeting Minutes from the last monetary policy meeting that may provide some clues about the bank’s future monetary policy, scheduled at 6:50 pm, ET, and the Japanese CSPI- Corporate Services Price Index of the rate of inflation for corporations paying for services, also at 6:50 pm, ET.
Tuesday, Feb. 24 will start with the Swiss Employment Rate, at 3:15 am, ET, and the Swiss Consumption Indicator of consumer spending, at 4:00 am, ET.
News from the Euro-zone will bring a spotlight event- the German IFO Institute Business Climate and Expectations Index, an early indicator of current conditions and business expectations in the Euro-zone’s largest economy, at 4:00 am, ET, along with the Euro-zone Current Account of goods, services and transfer of payments into and out of the region, also at 4:00 am, ET.
The U.K. British Bankers' Association Mortgage Approvals, a leading indicator of housing market activity tracking newly issued mortgages, will be released at 4:30 am, ET.
The Euro-zone Industrial New Orders for durable and non-durable goods will come at 5:00 am, ET, followed by the Confederation of British Industry Distributive Trades, measuring wholesale and retail sales, at 6:00 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.
More U.S. economic reports will include the U.S. House Price Index of the price changes of homes with mortgages backed by Fannie May and Freddie Mac, at 10:00 am, ET, and the Richmond Fed Index, measuring the general business conditions of manufacturers in the Richmond Federal Reserve district, also at 10:00 am, ET.
The day will end with the Japanese Trade Balance of the difference between imports and exports, at 6:50 pm, ET, the Australian Wage Price Index of inflation in wages, at 7:30 pm, ET, and the Reserve Bank of New Zealand’s Quarterly Inflation Expectations Report, at 9:00 pm, ET.
Wednesday, Feb. 25 will begin with the German GDP- Gross Domestic Product, the main measure of economic activity and growth in the Euro-zone’s largest economy, at 2:00 am, ET.
A spotlight event- the U.K. GDP- Gross Domestic Product, the main measure of economic activity and growth, will be released at 4:30 am, ET.
The U.S. economic data will bring the main spotlight event 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, at 10:00 am, ET, followed by the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The day will conclude with New Zealand’s Trade Balance of the difference between imports and exports, at 4:45 pm, ET, the Australian Leading Index of economic activity, at 6:00 pm, ET, and the New Zealand Business Confidence survey of businesses on their financial conditions and attitudes about the economy, at 9:00 pm, ET.
Thursday, Feb. 26 will be the busiest trading day of the week filled with important economic reports, beginning with 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 European data will continue with the German Gfk Market Research Group Consumer Climate Index of the sentiment of consumers regarding current and future economic conditions, at 2:00 am, ET, along with the U.K. Nationwide House Price Index, used as an indicator of price changes in the housing sector, also at 2:00 am, ET.
More news from the Euro-zone will bring the German Unemployment Change, at 3:55 am, ET, 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 survey of consumers on their financial conditions and attitudes about the economy, at 5:00 am, ET.
The U.S. economic releases will begin with a spotlight event- 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 usual for every Thursday weekly Jobless Claims, at 8:30 am, ET.
The U.S. data will continue with another 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 Weekly Natural Gas Inventories, at 10:30 am, ET.
The day will conclude with a sequence of spotlight events starting with 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.
Another spotlight event will wrap up the busy day with the release of the Japanese Retail Sales, the main gauge of consumer spending, at 6:50 pm, ET, followed by the U.K. Consumer Confidence, a measure of consumers’ attitudes in regard to economic conditions, at 7:00 pm, ET.
Friday, Feb. 27 will begin with the Japanese Housing Starts, measuring construction of new residential properties, at 12:00 am, ET.
News from the Euro-zone will deliver a 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, at 5:00 am, ET, along with the Euro-zone Unemployment Rate, also at 5:00 am, ET.
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, will be released at 8:30 am, ET, along with the Canadian Current Account of goods, services and transfer of payments into and out of the region, also at 8:30 am, ET.
The U.S. economic data will bring one of the main spotlight events of the week- the preliminary estimate of 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, followed by the National Association of Purchasing Management – Chicago survey and index of business conditions in the Chicago area, at 9:45 am, ET.
The busy trading week will end with another spotlight event- the U.S. University of Michigan Consumer Sentiment survey of 500 households on their financial conditions and attitudes about the economy, scheduled at 9:55 am, ET.
