Mar.
20, 2009
(Allthingsforex.com)
– In the
week ahead,
traders will
focus on the
U.S. housing
and economic
growth data, as
well as on
inflation
reports from
major economies
around the
globe.
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. 22 will start the trading session with the Japanese Manufacturing Index, a survey of large manufacturers on current and future economic conditions, scheduled at 7:50 pm, ET.
Monday, Mar. 23 will begin with the Euro-zone Trade Balance of the difference between imported and exported goods and services, at 6:00 am, ET, and the Canadian Leading Index of economic conditions, at 8:30 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 end with a notable economic report- 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, at 7:50 pm, ET.
Tuesday, Mar. 24 will start with the German and the Euro-zone Manufacturing and Services PMI- Purchasing Manager's Indexes, measuring the level of activity of purchasing managers in the manufacturing and service sectors, due at 4:30 am, ET and 5:00 am, ET, along with the Euro-zone Current Account of goods, services and transfer of payments into and out of the country, also at 5:00 am, ET.
One of the main spotlight events of the week- the U.K. CPI- Consumer Price Index, the main measure of inflation used by the Bank of England, will be released at 5:30 am, ET.
More U.K. news will bring the RPI- Retail Price Index of the rate of inflation experienced by consumers when purchasing goods and services, at 5:30 am, ET, along with a leading indicator of the U.K. housing market- the BBA- British Bankers' Association Mortgage Approvals, measuring the number of issued home loans, also at 5:30 am, ET.
The U.S. economic data 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 imported and exported goods and services, at 7:50 pm, ET, and the New Zealand Consumer Sentiment survey of current and future economic outlook of consumers, at 9:00 pm, ET.
Wednesday, Mar. 25 will begin a spotlight event- the German IFO Institute Business Climate and Expectations Index, an early indicator of current economic conditions and business expectations, at 5:00 am, ET, followed by the Confederation of British Industry Distributive Trades, measuring wholesale and retail sales, at 7:00 am, ET.
The U.S economic data will start with a spotlight event- the U.S. Durable Goods Orders placed with domestic manufacturers for immediate and future delivery of factory hard goods and a leading indicator of economic activity, at 8:30 am, ET.
The U.S. economic releases 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 Oil Inventories, at 10:30 am, ET.
The day will conclude with several notable economic reports, beginning with New Zealand’s Current Account of goods, services and transfer of payments into and out of the region, at 5:45 pm, ET, and the Australian Leading Index of overall economic conditions, at 7:00 pm, ET.
News from Japan will bring the CSPI- Corporate Services Price Index, a measure of inflation experienced by corporations when purchasing services, at 7:50 pm, ET, followed by the Reserve Bank of Australia’s Financial Stability Report, at 8:30 pm, ET.
Thursday, Mar. 26 will start with the German Consumer Climate Index of the sentiment of consumers regarding current and future economic conditions, at 3:00 am, ET, followed by the U.K. Nationwide House Price Index, used as an indicator of price changes in the housing sector, also at 3:00 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 5:00 am, ET, and the Euro-zone Private Sector Lending, also at 5:00 am, ET.
News from the U.K. will deliver a spotlight event- the U.K. Retail Sales, an important gauge of consumer spending, measuring the total receipts at stores that sell durable and non-durable goods, at 5:30 am, ET.
The Swiss National Bank’s Quarterly Bulletin on economic activity, inflation and economic growth will be released at 6:00 am, ET.
The U.S. economic reports 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.
More U.S. data will include the U.S. Corporate Profits, a measure of corporate income, at 8:30 am, ET, and the weekly Jobless Claims, also at 8:30 am, ET.
Important reports will follow with the release of New Zealand’s GDP- Gross Domestic Product, the main measure of economic activity and growth, at 5:45 pm, ET, and the New Zealand Trade Balance of the difference in value between imported and exported goods and services, also at 5:45 pm, ET.
The day will conclude with a sequence of spotlight events- the Japanese CPI- Consumer Price Index, the main measure of inflation, at 7:30 pm, ET, and the Japanese Retail Sales, the main gauge of consumer spending, at 7:50 pm, ET.
Friday, Mar. 27 will begin with the preliminary estimate of the German CPI- Consumer Price Index, the main measure of inflation in the Euro-zone’s largest economy, expected around 3:00 am, ET.
A spotlight event- the U.K. GDP- Gross Domestic Product, the main measure of economic activity and growth, will hit the newswires at 5:30 am, ET, along with the U.K. Current Account of goods, services and transfer of payments into and out of the region, also at 5:30 pm, ET.
The U.S. economic releases will begin with a spotlight event- the U.S. Personal Income and Outlays, 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.
The busy trading week will end with 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.
Sunday, Mar. 22 will start the trading session with the Japanese Manufacturing Index, a survey of large manufacturers on current and future economic conditions, scheduled at 7:50 pm, ET.
Monday, Mar. 23 will begin with the Euro-zone Trade Balance of the difference between imported and exported goods and services, at 6:00 am, ET, and the Canadian Leading Index of economic conditions, at 8:30 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 end with a notable economic report- 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, at 7:50 pm, ET.
Tuesday, Mar. 24 will start with the German and the Euro-zone Manufacturing and Services PMI- Purchasing Manager's Indexes, measuring the level of activity of purchasing managers in the manufacturing and service sectors, due at 4:30 am, ET and 5:00 am, ET, along with the Euro-zone Current Account of goods, services and transfer of payments into and out of the country, also at 5:00 am, ET.
One of the main spotlight events of the week- the U.K. CPI- Consumer Price Index, the main measure of inflation used by the Bank of England, will be released at 5:30 am, ET.
More U.K. news will bring the RPI- Retail Price Index of the rate of inflation experienced by consumers when purchasing goods and services, at 5:30 am, ET, along with a leading indicator of the U.K. housing market- the BBA- British Bankers' Association Mortgage Approvals, measuring the number of issued home loans, also at 5:30 am, ET.
The U.S. economic data 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 imported and exported goods and services, at 7:50 pm, ET, and the New Zealand Consumer Sentiment survey of current and future economic outlook of consumers, at 9:00 pm, ET.
Wednesday, Mar. 25 will begin a spotlight event- the German IFO Institute Business Climate and Expectations Index, an early indicator of current economic conditions and business expectations, at 5:00 am, ET, followed by the Confederation of British Industry Distributive Trades, measuring wholesale and retail sales, at 7:00 am, ET.
The U.S economic data will start with a spotlight event- the U.S. Durable Goods Orders placed with domestic manufacturers for immediate and future delivery of factory hard goods and a leading indicator of economic activity, at 8:30 am, ET.
The U.S. economic releases 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 Oil Inventories, at 10:30 am, ET.
The day will conclude with several notable economic reports, beginning with New Zealand’s Current Account of goods, services and transfer of payments into and out of the region, at 5:45 pm, ET, and the Australian Leading Index of overall economic conditions, at 7:00 pm, ET.
News from Japan will bring the CSPI- Corporate Services Price Index, a measure of inflation experienced by corporations when purchasing services, at 7:50 pm, ET, followed by the Reserve Bank of Australia’s Financial Stability Report, at 8:30 pm, ET.
Thursday, Mar. 26 will start with the German Consumer Climate Index of the sentiment of consumers regarding current and future economic conditions, at 3:00 am, ET, followed by the U.K. Nationwide House Price Index, used as an indicator of price changes in the housing sector, also at 3:00 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 5:00 am, ET, and the Euro-zone Private Sector Lending, also at 5:00 am, ET.
News from the U.K. will deliver a spotlight event- the U.K. Retail Sales, an important gauge of consumer spending, measuring the total receipts at stores that sell durable and non-durable goods, at 5:30 am, ET.
The Swiss National Bank’s Quarterly Bulletin on economic activity, inflation and economic growth will be released at 6:00 am, ET.
The U.S. economic reports 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.
More U.S. data will include the U.S. Corporate Profits, a measure of corporate income, at 8:30 am, ET, and the weekly Jobless Claims, also at 8:30 am, ET.
Important reports will follow with the release of New Zealand’s GDP- Gross Domestic Product, the main measure of economic activity and growth, at 5:45 pm, ET, and the New Zealand Trade Balance of the difference in value between imported and exported goods and services, also at 5:45 pm, ET.
The day will conclude with a sequence of spotlight events- the Japanese CPI- Consumer Price Index, the main measure of inflation, at 7:30 pm, ET, and the Japanese Retail Sales, the main gauge of consumer spending, at 7:50 pm, ET.
Friday, Mar. 27 will begin with the preliminary estimate of the German CPI- Consumer Price Index, the main measure of inflation in the Euro-zone’s largest economy, expected around 3:00 am, ET.
A spotlight event- the U.K. GDP- Gross Domestic Product, the main measure of economic activity and growth, will hit the newswires at 5:30 am, ET, along with the U.K. Current Account of goods, services and transfer of payments into and out of the region, also at 5:30 pm, ET.
The U.S. economic releases will begin with a spotlight event- the U.S. Personal Income and Outlays, 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.
The busy trading week will end with 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.
