Feb.
27, 2009
(Allthingsforex.com)
– The
U.S. Non-Farm
Payrolls and
four interest
rate
announcements
from the
Reserve Bank of
Australia, Bank
of Canada, Bank
of England, and
the European
Central Bank
will kick-start
the new month
with one of the
busiest trading
weeks
we’ve
seen in a long
time.
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, Mar. 1 will start the trading session with a sequence of significant economic releases from “down under”, beginning with the Australian Manufacturing PMI- Purchasing Managers Index of the level of activity of purchasing managers in the manufacturing sector, at 5:30 pm, ET, and the Australian New Home Sales, at 6:30 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 main gauge of inflation, the quarterly released Consumer Price Index, will come at 6:30 pm, ET, followed by the Japanese Average Cash Earnings, measuring the monthly change in the wages paid to jobholders, at 8:30 pm, ET.
Monday, Mar. 2 will begin early with the Australian Commodity Prices Index of changes in commodities’ prices, at 12:30 am, ET.
The European economic releases will start with the German Retail Sales, the main measure of consumer spending in the Euro-zone’s largest economy, at 2:00 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.
More U.K. news will continue with the BBA- British Bankers' Association Mortgage Approvals, measuring the number of issued home loans, at 4:30 am, ET, the U.K. Credit Lending, at 4:30 am, ET, and the Halifax House Price Index of changes in home prices, also at 4:30 am, ET.
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, will be released at 5:00 am, ET.
Another spotlight event will come from Canada with the release of the Canadian GDP- Gross Domestic Product, the main measure of economic activity and growth, at 8:30 am, ET.
The U.S. economic data will begin with a spotlight event- 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.
Another U.S. spotlight event will follow- the ISM Manufacturing Index, a composite diffusion index of national conditions in the manufacturing sector, where an index 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.
The day will conclude with significant economic reports from “down under”, beginning with a spotlight event- the Australian Retail Sales, the main gauge of consumer spending, at 7:30 pm, ET, along with the Australian Current Account of goods, services and transfer of payments into and out of the country, also at 7:30 pm, ET.
The day will end with one of the main spotlight events of the week- the Reserve Bank of Australia Interest Rate Announcement, scheduled at 10:30 pm, ET.
Tuesday, Mar. 3 will start with a spotlight event- the Swiss GDP- Gross Domestic Product, the main measure of economic activity and growth, at 1:45 am, ET, followed by the U.K. Construction PMI- Purchasing Managers' Index, at 4:30 am, ET.
News from the Euro-zone will bring a spotlight event- 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.
One of the main spotlight events of the week- the Bank of Canada Interest Rate Announcement, will be released at 9:00 am, ET, followed by the U.S. Pending Home Sales, at 10:00 am, ET.
The day will conclude with the U.K. Nationwide Building Society Consumer Confidence Index, a survey of consumers’ financial conditions and attitudes about the economy, at 7:00 pm, ET.
The day will end with a spotlight event- the Australian GDP- Gross Domestic Product, the main measure of economic activity and growth, at 7:30 pm, ET, followed by New Zealand’s Commodity Prices Index of changes in commodities’ prices, at 9:00 pm, ET.
Wednesday, Mar. 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. economic data will begin with 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.
Another U.S. spotlight event will come with the release of 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, followed by the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
A notable U.S. event- the Fed’s Beige Book, a report on economic conditions in the twelve Federal Reserve Districts of the United States, based on anecdotal information gathered from reports by bank directors of the district branches, as well as from interviews with economists, market experts, and other sources, will be released at 2:00 pm, ET.
The day will end with the Australian Building Approvals and the Australian Trade Balance of the difference between imports and exports, both scheduled at 7:30 pm, ET.
Thursday, Mar. 5 will start with a spotlight event- the Euro-zone GDP- Gross Domestic Product, the main measure of economic activity and growth, at 5:00 am, ET.
Two of the main spotlight events of the week will follow with 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.
Another important event that morning will be the European Central Bank President Jean-Claude Trichet's speech at 8:30 am, ET, at the press conference following the ECB Governing Council's interest rate decision. The language of the statement will be very closely watched for any hints of future changes in the ECB’s monetary policy.
After the interest rate announcements, the U.S. Weekly Jobless Claims will be released at 8:30 am, ET, along with and the U.S. Non-farm Productivity and Labor Costs Index, measuring the growth of labor efficiency in producing the economy's goods and services, at 8:30 am, ET, and the Canadian Building Permits, also at 8:30 am, ET.
More 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.
The U.S. data will continue with the U.S. Factory Orders for durable and nondurable goods placed with manufacturers, at 10:00 am, ET, and the EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, 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.
Friday, Mar. 6 will start with the German PPI- Producers Price Index, the main measure of inflation experienced by manufacturers, at 2:00 am, ET.
A spotlight event will bring the Swiss CPI- Consumer Price Index, the main measure of inflation, at 3:15 am, ET.
Another important inflation report and a spotlight event- the U.K. Input and Output PPI- Producers Price Index, the main measure of the level of inflation experienced by manufacturers and a leading indicator of consumer inflation, will hit the newswires at 4:30 am, ET.
The trading week 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 due 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, Mar. 1 will start the trading session with a sequence of significant economic releases from “down under”, beginning with the Australian Manufacturing PMI- Purchasing Managers Index of the level of activity of purchasing managers in the manufacturing sector, at 5:30 pm, ET, and the Australian New Home Sales, at 6:30 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 main gauge of inflation, the quarterly released Consumer Price Index, will come at 6:30 pm, ET, followed by the Japanese Average Cash Earnings, measuring the monthly change in the wages paid to jobholders, at 8:30 pm, ET.
Monday, Mar. 2 will begin early with the Australian Commodity Prices Index of changes in commodities’ prices, at 12:30 am, ET.
The European economic releases will start with the German Retail Sales, the main measure of consumer spending in the Euro-zone’s largest economy, at 2:00 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.
More U.K. news will continue with the BBA- British Bankers' Association Mortgage Approvals, measuring the number of issued home loans, at 4:30 am, ET, the U.K. Credit Lending, at 4:30 am, ET, and the Halifax House Price Index of changes in home prices, also at 4:30 am, ET.
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, will be released at 5:00 am, ET.
Another spotlight event will come from Canada with the release of the Canadian GDP- Gross Domestic Product, the main measure of economic activity and growth, at 8:30 am, ET.
The U.S. economic data will begin with a spotlight event- 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.
Another U.S. spotlight event will follow- the ISM Manufacturing Index, a composite diffusion index of national conditions in the manufacturing sector, where an index 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.
The day will conclude with significant economic reports from “down under”, beginning with a spotlight event- the Australian Retail Sales, the main gauge of consumer spending, at 7:30 pm, ET, along with the Australian Current Account of goods, services and transfer of payments into and out of the country, also at 7:30 pm, ET.
The day will end with one of the main spotlight events of the week- the Reserve Bank of Australia Interest Rate Announcement, scheduled at 10:30 pm, ET.
Tuesday, Mar. 3 will start with a spotlight event- the Swiss GDP- Gross Domestic Product, the main measure of economic activity and growth, at 1:45 am, ET, followed by the U.K. Construction PMI- Purchasing Managers' Index, at 4:30 am, ET.
News from the Euro-zone will bring a spotlight event- 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.
One of the main spotlight events of the week- the Bank of Canada Interest Rate Announcement, will be released at 9:00 am, ET, followed by the U.S. Pending Home Sales, at 10:00 am, ET.
The day will conclude with the U.K. Nationwide Building Society Consumer Confidence Index, a survey of consumers’ financial conditions and attitudes about the economy, at 7:00 pm, ET.
The day will end with a spotlight event- the Australian GDP- Gross Domestic Product, the main measure of economic activity and growth, at 7:30 pm, ET, followed by New Zealand’s Commodity Prices Index of changes in commodities’ prices, at 9:00 pm, ET.
Wednesday, Mar. 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. economic data will begin with 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.
Another U.S. spotlight event will come with the release of 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, followed by the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
A notable U.S. event- the Fed’s Beige Book, a report on economic conditions in the twelve Federal Reserve Districts of the United States, based on anecdotal information gathered from reports by bank directors of the district branches, as well as from interviews with economists, market experts, and other sources, will be released at 2:00 pm, ET.
The day will end with the Australian Building Approvals and the Australian Trade Balance of the difference between imports and exports, both scheduled at 7:30 pm, ET.
Thursday, Mar. 5 will start with a spotlight event- the Euro-zone GDP- Gross Domestic Product, the main measure of economic activity and growth, at 5:00 am, ET.
Two of the main spotlight events of the week will follow with 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.
Another important event that morning will be the European Central Bank President Jean-Claude Trichet's speech at 8:30 am, ET, at the press conference following the ECB Governing Council's interest rate decision. The language of the statement will be very closely watched for any hints of future changes in the ECB’s monetary policy.
After the interest rate announcements, the U.S. Weekly Jobless Claims will be released at 8:30 am, ET, along with and the U.S. Non-farm Productivity and Labor Costs Index, measuring the growth of labor efficiency in producing the economy's goods and services, at 8:30 am, ET, and the Canadian Building Permits, also at 8:30 am, ET.
More 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.
The U.S. data will continue with the U.S. Factory Orders for durable and nondurable goods placed with manufacturers, at 10:00 am, ET, and the EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, 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.
Friday, Mar. 6 will start with the German PPI- Producers Price Index, the main measure of inflation experienced by manufacturers, at 2:00 am, ET.
A spotlight event will bring the Swiss CPI- Consumer Price Index, the main measure of inflation, at 3:15 am, ET.
Another important inflation report and a spotlight event- the U.K. Input and Output PPI- Producers Price Index, the main measure of the level of inflation experienced by manufacturers and a leading indicator of consumer inflation, will hit the newswires at 4:30 am, ET.
The trading week 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 due at 8:30 am, ET.
