Mar. 13, 2009 (Allthingsforex.com) – In the week ahead all eyes will be focused on the Fed’s interest rate announcement, coupled with Bank of Japan’s interest rate decision and inflation reports from major industrialized nations.  

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. 15 will start the trading session with New Zealand’s Manufacturing Sales, a measure of the total sales made in the manufacturing sector, at 5:45 pm, ET.

Two notable reports will follow from the U.K.- the Rightmove House Price Index, an indicator of changes in home prices, at 8:00 pm, ET, and the Bank of England’s Bulletin on inflation, economic activity and growth, also at 8:00 pm, ET.

Monday, Mar. 16 will begin with the first spotlight event of the week- 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 6:00 am, ET, along with the Euro-zone Employment Change, a measure of labor market conditions, also at 6:00 am, ET.

The U.S. economic data will include several important economic releases, starting with the Empire State Manufacturing Survey of manufacturing conditions in New York State, at 8:30 am, ET, and the TIC- Treasury International Capital, the Treasury data tracking the flows of financial instruments into and out of the United States as a measure of the attractiveness of the U.S. Dollar for foreign investors, at 9:00 am, ET.

Another spotlight event- the U.S. Industrial Production, a gauge of industrial activity measuring the physical output of factories, mines and utilities, will be released at 9:15 am, ET, followed by the NAHB- National Association of Home Builders Housing Market Index of the demand outlook of single-family home builders, at 1:00 pm, ET.

The day will conclude with the Japanese Tertiary Index of activity in six industries: utilities, transport and telecommunications, wholesale and retail, finance and insurance, real estate and services, at 7:50 pm, ET.

A notable report- the Reserve Bank of Australia’s Meeting Minutes from the last monetary policy meeting that may provide some clues about the bank’s future monetary policies, will wrap up the day at 8:30 pm, ET.

Tuesday, Mar. 17 will start with the Swiss Industrial Production, at 4:15 am, ET.

News from the Euro-zone will bring a spotlight event with the release of the German ZEW Institute Economic Sentiment, a survey of the sentiment and outlook of institutional investors and financial experts on the economy, at 6:00 am, ET. 

The U.S. economic releases will bring another spotlight event- the U.S. Housing Starts and Building Permits, measuring changes in the rate of home construction and a gauge of housing market conditions, at 8:30 am, ET, along with the U.S. PPI- Producers Price Index, the main measure of inflation experienced by manufacturers and a leading indicator of consumer inflation, also at 8:30 am, ET.

The day will conclude with the Australian Leading Indicators of economic activity, at 7:30 pm, ET.

Wednesday, Mar. 18 will begin with one of the main spotlight events of the week- the Bank of Japan’s Interest Rate Announcement, expected around 12:00 am, ET, followed by the Swiss Retail Sales, the main measure of consumer spending, at 4:15 am, ET.

Another spotlight event will come from the U.K. with the release of Bank of England’s Monetary Policy Committee Meeting Minutes from the bank’s last meeting, which may provide clues about the policy makers’ position on interest rates and the future of the monetary policy, at 5:30 am, ET, along with the U.K. Unemployment Rate, Unemployment Claims and Average Earnings, also at 5:30 am, ET.

The U.S. economic releases will bring a major spotlight event- the U.S. CPI- Consumer Price Index, the main measure of inflation in the world’s largest economy, at 8:30 am, ET.

More U.S. data will include the U.S. Current Account of the international trade balance of goods, services, and unilateral transfers, at 8:30 am, ET, followed by 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.

A notable release will bring the Japanese All Industries Index, a reading of activity in the tertiary index combined with activity in the construction, agricultural and fishing industries, the public sector and industrial output, at 7:50 pm, ET.

The Reserve Bank of Australia’s Monthly Report on inflation, economic activity and growth, will finish the day at 8:30 pm, ET, along with the Australian Housing Starts, measuring new home construction and housing market activity, also at 8:30 pm, ET.

Thursday, Mar. 19 will start with Bank of Japan’s Monthly Report on inflation and economic growth expectations, at 1:00 am, ET, and the Swiss Trade Balance of the difference between imports and exports, at 3:15 am, ET.

News from the U.K. will include the Public Sector Net Borrowing, a measure of credit debt and spending by public corporations, at 4:30 am, ET, and the U.K. M4 Money Supply, also at 4:30 am, ET.

More European data will bring a spotlight event- the Euro-zone Industrial Production, an important gauge of industrial activity, measuring the output of the region’s factories, mines and utilities, at 6:00 am, ET, along with the Swiss ZEW Institute Economic Expectations survey of the sentiment and outlook of institutional investors and financial experts on the economy, also at 6:00 am, ET.

Another spotlight event- the Canadian CPI- Consumer Price Index, the main measure of inflation, will be released at 7:00 am, ET, followed by the Canadian Foreign Securities Purchases, a measure of foreign capital investments in Canada, at 8:30 am, ET.

A sequence of important U.S. economic data will begin with the usual for every Thursday weekly Jobless Claims, at 8:30 am, ET, and the Philly Fed Manufacturing Survey of manufacturing conditions within the Philadelphia Federal Reserve district, at 10:00 am, ET.

The U.S. reports will continue with the U.S. Leading Indicators of economic activity, at 10:00 am, ET, and the EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET.

Friday, Mar. 20 will begin with the German PPI-Producers Price Index, the main measure of inflation experienced by manufacturers in the Euro-zone’s largest economy, at 3:00 am, ET, and the Euro-zone Merchandise Trade Balance of the difference between imports and exports of goods and services, at 6:00 am, ET.

The busy trading week will end with a notable event- the Canadian Retail Sales, an important gauge of consumer spending, measuring the total receipts at stores that sell durable and non-durable goods, scheduled at 8:30 am, ET.