Apr.
24, 2009
(Allthingsforex.com)
– The
Fed’s
monetary policy
meeting,
coupled with
interest rate
announcements
from the
Reserve Bank of
New Zealand and
the Bank of
Japan, will
take the center
stage 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, Apr. 27 will begin with the German Consumer Climate Index of the sentiment of consumers regarding current and future economic conditions, at 2:00 am, ET.
A leading indicator of the U.K. housing market will follow with the release of the BBA- British Bankers' Association Mortgage Approvals, measuring the number of issued home loans, at 4:30 am, ET.
The day will conclude with a notable report- the Japanese Retail Sales, an important measure of consumer spending, at 7:50 pm, ET.
Tuesday, Apr. 28 will start with the Swiss Consumption Index, a measure of retail sales, consumer spending and consumer sentiment, at 2:00 am, ET, along with the preliminary estimate of the German CPI- Consumer Price Index, the main measure of inflation in the Euro-zone’ s largest economy, also expected around 2:00 am, ET.
An important report will come from the U.K. with the release of the Confederation of British Industry Distributive Trades Survey of sales made by retailers and wholesalers, 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.
The first spotlight event of the week- the U.S. Consumer Confidence Index of consumer attitudes on present economic conditions and expectations of future conditions, will be released at 10:00 am, ET, along with the Richmond Fed Index of manufacturing activity in the Richmond Federal Reserve district, also at 10:00 am, ET.
The day will conclude with important reports from “down under”, starting with New Zealand’s Trade Balance of the difference in value between imported and exported goods and services, at 6:45 pm, ET, and the Australian New Home Sales, at 9:30 pm, ET.
The New Zealand Business Confidence survey and outlook on economic conditions by local businesses, will wrap up the day at 11:00 pm, ET.
Wednesday, Apr. 29 will begin with notable European economic data- the Euro-zone M3 Money Supply, the European Central Bank's broadest measure of money supply growth, at 4:00 am, ET, the Euro-zone Consumer Confidence, a measure of consumers’ attitudes in regard to economic conditions, at 5:00 am, ET, and the Swiss Leading Indicators of economic activity, at 5:30 am, ET.
The U.S. economic releases will bring one of the major 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 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.
Shortly after, another major spotlight event will come from New Zealand with the Reserve Bank of New Zealand’s Interest Rate Announcement, at 5:00 pm, ET.
The U.K. Consumer Confidence, a survey of consumers’ outlook on current and future economic conditions, will be released at 7:00 pm, ET, followed by the Japanese Manufacturing PMI- Purchasing Managers Index, measuring the activity of purchasing managers in the manufacturing sector, at 7:15 pm, ET.
A spotlight event will deliver the preliminary estimate of the Japanese Industrial Production, the main gauge of industrial activity and output by factories, mines and utilities, at 7:50 pm, ET.
The day will end with the Australian Leading Indicators of economic activity, at 8:00 pm, ET, and the Australian Business Confidence survey and outlook on economic conditions by local businesses, at 9:30 pm, ET.
Thursday, Apr. 30 will be the busiest trading day of the week, starting with a major spotlight event- the Bank of Japan Interest Rate Announcement, expected around 12:00 am, ET.
The Japanese Housing Starts, measuring construction of new residential properties, will be released at 1:00 am, ET, followed by the Bank of Japan’s Report on economic conditions, inflation and future monetary policy, at 2:00 am, ET.
News from the U.K. will bring the Nationwide House Price Index, used as an indicator of price changes in the housing sector, at 2:00 am, ET, followed by the German Unemployment Rate, at 3:55 am, ET.
A major 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, along with the Euro-zone Unemployment Rate, also at 5:00 am.
The Canadian economic data will deliver another spotlight event- the Canadian GDP- Gross Domestic Product, the main measure of economic activity and growth, at 8:30 am, ET, along with the Canadian IPPI- Industrial Product Price Index and RMPI- Raw Materials Price Index, the main measures of inflation experienced by manufacturers, also at 8:30 am, ET.
The sequence of spotlight events will continue with the U.S. Personal Income and Outlays, a measure of the income received and purchases made by consumers, at 8:30 am, ET, along with the PCE Deflator and the U.S. weekly Jobless Claims, also at 8:30 am, ET. The PCE deflator is a leading indicator of inflation 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 U.S. economic data will also include the U.S. Employment Cost Index, a measure of total employee compensation costs, including wages and salaries as well as benefits, also at 8:30 am, ET, and the National Association of Purchasing Management – Chicago survey and index of business conditions in the Chicago area, at 9:45 am, ET.
Later that evening, the Australian Manufacturing PMI- Purchasing Managers Index, measuring the activity of purchasing managers in the manufacturing sector, will be released at 7:30 pm, ET.
The day will conclude with a spotlight event- the Japanese CPI- Consumer Price Index, the main measure of inflation, at 7:30 pm, ET, along with the Japanese Unemployment Rate and Household Spending, also at 7:30 pm, ET.
Friday, May 1 will begin with the U.K. Manufacturing PMI- Purchasing Managers Index, measuring the activity of purchasing managers in the manufacturing sector, at 4:30 am, ET, and the U.K. Consumer Lending, a measure of newly issued consumer credit, also at 4:30 am, ET.
The U.S. economic data will deliver a spotlight event- the U.S. Consumer Sentiment, the University of Michigan’s monthly survey of 500 households on their financial conditions and attitudes about the economy, at 9:55 am, ET, followed by the U.S. Factory Orders for durable and non-durable goods, at 10:00 am, ET.
The busy trading week will end with another spotlight event- the U.S. ISM Manufacturing Index, a composite diffusion index of conditions in the manufacturing sector, where a reading above or below 50 is the dividing line between economic expansion and contraction, scheduled at 10:00 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, Apr. 27 will begin with the German Consumer Climate Index of the sentiment of consumers regarding current and future economic conditions, at 2:00 am, ET.
A leading indicator of the U.K. housing market will follow with the release of the BBA- British Bankers' Association Mortgage Approvals, measuring the number of issued home loans, at 4:30 am, ET.
The day will conclude with a notable report- the Japanese Retail Sales, an important measure of consumer spending, at 7:50 pm, ET.
Tuesday, Apr. 28 will start with the Swiss Consumption Index, a measure of retail sales, consumer spending and consumer sentiment, at 2:00 am, ET, along with the preliminary estimate of the German CPI- Consumer Price Index, the main measure of inflation in the Euro-zone’ s largest economy, also expected around 2:00 am, ET.
An important report will come from the U.K. with the release of the Confederation of British Industry Distributive Trades Survey of sales made by retailers and wholesalers, 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.
The first spotlight event of the week- the U.S. Consumer Confidence Index of consumer attitudes on present economic conditions and expectations of future conditions, will be released at 10:00 am, ET, along with the Richmond Fed Index of manufacturing activity in the Richmond Federal Reserve district, also at 10:00 am, ET.
The day will conclude with important reports from “down under”, starting with New Zealand’s Trade Balance of the difference in value between imported and exported goods and services, at 6:45 pm, ET, and the Australian New Home Sales, at 9:30 pm, ET.
The New Zealand Business Confidence survey and outlook on economic conditions by local businesses, will wrap up the day at 11:00 pm, ET.
Wednesday, Apr. 29 will begin with notable European economic data- the Euro-zone M3 Money Supply, the European Central Bank's broadest measure of money supply growth, at 4:00 am, ET, the Euro-zone Consumer Confidence, a measure of consumers’ attitudes in regard to economic conditions, at 5:00 am, ET, and the Swiss Leading Indicators of economic activity, at 5:30 am, ET.
The U.S. economic releases will bring one of the major 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 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.
Shortly after, another major spotlight event will come from New Zealand with the Reserve Bank of New Zealand’s Interest Rate Announcement, at 5:00 pm, ET.
The U.K. Consumer Confidence, a survey of consumers’ outlook on current and future economic conditions, will be released at 7:00 pm, ET, followed by the Japanese Manufacturing PMI- Purchasing Managers Index, measuring the activity of purchasing managers in the manufacturing sector, at 7:15 pm, ET.
A spotlight event will deliver the preliminary estimate of the Japanese Industrial Production, the main gauge of industrial activity and output by factories, mines and utilities, at 7:50 pm, ET.
The day will end with the Australian Leading Indicators of economic activity, at 8:00 pm, ET, and the Australian Business Confidence survey and outlook on economic conditions by local businesses, at 9:30 pm, ET.
Thursday, Apr. 30 will be the busiest trading day of the week, starting with a major spotlight event- the Bank of Japan Interest Rate Announcement, expected around 12:00 am, ET.
The Japanese Housing Starts, measuring construction of new residential properties, will be released at 1:00 am, ET, followed by the Bank of Japan’s Report on economic conditions, inflation and future monetary policy, at 2:00 am, ET.
News from the U.K. will bring the Nationwide House Price Index, used as an indicator of price changes in the housing sector, at 2:00 am, ET, followed by the German Unemployment Rate, at 3:55 am, ET.
A major 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, along with the Euro-zone Unemployment Rate, also at 5:00 am.
The Canadian economic data will deliver another spotlight event- the Canadian GDP- Gross Domestic Product, the main measure of economic activity and growth, at 8:30 am, ET, along with the Canadian IPPI- Industrial Product Price Index and RMPI- Raw Materials Price Index, the main measures of inflation experienced by manufacturers, also at 8:30 am, ET.
The sequence of spotlight events will continue with the U.S. Personal Income and Outlays, a measure of the income received and purchases made by consumers, at 8:30 am, ET, along with the PCE Deflator and the U.S. weekly Jobless Claims, also at 8:30 am, ET. The PCE deflator is a leading indicator of inflation 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 U.S. economic data will also include the U.S. Employment Cost Index, a measure of total employee compensation costs, including wages and salaries as well as benefits, also at 8:30 am, ET, and the National Association of Purchasing Management – Chicago survey and index of business conditions in the Chicago area, at 9:45 am, ET.
Later that evening, the Australian Manufacturing PMI- Purchasing Managers Index, measuring the activity of purchasing managers in the manufacturing sector, will be released at 7:30 pm, ET.
The day will conclude with a spotlight event- the Japanese CPI- Consumer Price Index, the main measure of inflation, at 7:30 pm, ET, along with the Japanese Unemployment Rate and Household Spending, also at 7:30 pm, ET.
Friday, May 1 will begin with the U.K. Manufacturing PMI- Purchasing Managers Index, measuring the activity of purchasing managers in the manufacturing sector, at 4:30 am, ET, and the U.K. Consumer Lending, a measure of newly issued consumer credit, also at 4:30 am, ET.
The U.S. economic data will deliver a spotlight event- the U.S. Consumer Sentiment, the University of Michigan’s monthly survey of 500 households on their financial conditions and attitudes about the economy, at 9:55 am, ET, followed by the U.S. Factory Orders for durable and non-durable goods, at 10:00 am, ET.
The busy trading week will end with another spotlight event- the U.S. ISM Manufacturing Index, a composite diffusion index of conditions in the manufacturing sector, where a reading above or below 50 is the dividing line between economic expansion and contraction, scheduled at 10:00 am, ET.
