May
1, 2009
(Allthingsforex.com)
– The
U.S. Non-Farm
Payrolls and
three interest
rate
announcements
from the
Reserve Bank of
Australia, the
Bank of
England, and
the European
Central Bank
will provide an
interesting
beginning of
the trading
month 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.
Sunday, May 3 will start the trading session with a strong sequence of significant economic releases from “down under”, beginning with New Zealand’s Labor Cost Index, a measure of price changes in labor costs, at 6:45 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 official quarterly Consumer Price Index, will be released at 8:30 pm, ET, followed by the Australian House Price Index of the monthly changes in home prices, at 9:30 pm, ET.
Monday, May 4 will begin early with the German Retail Sales, the main gauge 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 Euro-zone Investor Confidence Index based on a survey on the economic outlook of investors and analysts, at 4:30 am, ET.
An important spotlight event that morning will come with the release of the U.S. Federal Reserve Stress Tests Results of the recent stress tests performed on 19 of the largest banks in the U.S., expected in the morning hours of the trading session.
The U.S. economic data will continue with the U.S. Pending Home Sales, a leading indicator of existing home sales, tracking pending sales in which a contract was signed, but not yet closed, scheduled at 10:00 am, ET, and the U.S. Construction Spending, also at 10:00 am, ET.
The day will conclude with the Australian Building Approvals, at 9:30 pm, ET, and the New Zealand Commodity Prices Index of changes in commodities’ prices, at 11:00 pm, ET.
Tuesday, May 5 will start with one of the main spotlight events of the week- the Reserve Bank of Australia Interest Rate Announcement, at 12:30 am, ET.
The Swiss Consumer Climate Index, based on a survey on the economic outlook of households, will be released at 1:45 am, ET, followed by the U.K. Construction PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the construction sector, 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.
The U.S. economic data will bring another spotlight event- 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.
The notable evening releases will start with the U.K. Consumer Confidence Index, a survey of consumers’ financial conditions and attitudes about the economy, at 7:00 pm, ET.
The day will end with two important economic reports from “down under”- the Australian Trade Balance of the difference between imports and exports, at 9:30 pm, ET, and the Australian Retail Sales, the main gauge of consumer spending, also at 9:30 pm, ET.
Wednesday, May 6 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. data will deliver 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.
Important Canadian reports will include the Building Permits, a leading indicator of housing market conditions, at 8:30 am, ET, and 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 EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The day will conclude with a notable economic report- New Zealand’s Unemployment Rate and Employment Change, at 6:45 pm, ET.
A spotlight event- the Australian Employment Situation and Unemployment Rate, a gauge of employment trends and labor market conditions, will wrap up the day at 9:30 pm, ET.
Thursday, May 7 will begin early with a spotlight event- the Swiss CPI- Consumer Price Index, the main measure of inflation, at 3:15 am, ET, followed by the German Factory Orders placed for manufactured goods, at 6:00 am, ET.
Two of the main spotlight events of the week will follow- 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.
After the interest rate announcements, the U.S. Non-farm Productivity and Labor Costs Index, measuring the growth of labor efficiency in producing the economy's goods and services, will be released at 8:30 am, ET, along with the U.S. Weekly Jobless Claims, also at 8:30 am, ET.
Another important event that morning will be the European Central Bank President Jean-Claude Trichet's speech at the press conference following the ECB Governing Council's interest rate decision, due at 8:30 am, ET. The language of the statement will be very closely watched for any hints of future changes in the ECB’s monetary policy.
The Bank of Japan’s Meeting Minutes, a detailed report of the last monetary policy meeting that may provide information on the future of the bank’s monetary policy, will be released at 7:50 pm, ET.
The day will end with a spotlight event- the Reserve Bank of Australia Monetary Policy Statement on inflation, economic activity and the bank’s future monetary policy, scheduled at 9:30 pm, ET.
Friday, May 8 will start with the Swiss Unemployment Rate, at 1:45 am, ET, and the German Trade Balance of the difference between the imports and exports, at 2:00 am, ET.
The U.K. economic data will bring a spotlight event with the releases of the U.K. Input and Output PPI- Producers Price Indexes, the main measures of inflation experienced by manufacturers and a leading indicator of consumer inflation, at 4:30 am, ET.
Another spotlight event- the German Industrial Production, an important gauge of industrial activity in the Euro-zone’s largest economy, will be released at 6:00 am, ET.
The sequence of spotlight events will continue with the Canadian Employment Situation and Unemployment Rate, the main gauge of employment trends and labor market conditions, at 7:00 am, ET.
The busy first trading week of the month 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 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, May 3 will start the trading session with a strong sequence of significant economic releases from “down under”, beginning with New Zealand’s Labor Cost Index, a measure of price changes in labor costs, at 6:45 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 official quarterly Consumer Price Index, will be released at 8:30 pm, ET, followed by the Australian House Price Index of the monthly changes in home prices, at 9:30 pm, ET.
Monday, May 4 will begin early with the German Retail Sales, the main gauge 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 Euro-zone Investor Confidence Index based on a survey on the economic outlook of investors and analysts, at 4:30 am, ET.
An important spotlight event that morning will come with the release of the U.S. Federal Reserve Stress Tests Results of the recent stress tests performed on 19 of the largest banks in the U.S., expected in the morning hours of the trading session.
The U.S. economic data will continue with the U.S. Pending Home Sales, a leading indicator of existing home sales, tracking pending sales in which a contract was signed, but not yet closed, scheduled at 10:00 am, ET, and the U.S. Construction Spending, also at 10:00 am, ET.
The day will conclude with the Australian Building Approvals, at 9:30 pm, ET, and the New Zealand Commodity Prices Index of changes in commodities’ prices, at 11:00 pm, ET.
Tuesday, May 5 will start with one of the main spotlight events of the week- the Reserve Bank of Australia Interest Rate Announcement, at 12:30 am, ET.
The Swiss Consumer Climate Index, based on a survey on the economic outlook of households, will be released at 1:45 am, ET, followed by the U.K. Construction PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the construction sector, 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.
The U.S. economic data will bring another spotlight event- 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.
The notable evening releases will start with the U.K. Consumer Confidence Index, a survey of consumers’ financial conditions and attitudes about the economy, at 7:00 pm, ET.
The day will end with two important economic reports from “down under”- the Australian Trade Balance of the difference between imports and exports, at 9:30 pm, ET, and the Australian Retail Sales, the main gauge of consumer spending, also at 9:30 pm, ET.
Wednesday, May 6 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. data will deliver 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.
Important Canadian reports will include the Building Permits, a leading indicator of housing market conditions, at 8:30 am, ET, and 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 EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The day will conclude with a notable economic report- New Zealand’s Unemployment Rate and Employment Change, at 6:45 pm, ET.
A spotlight event- the Australian Employment Situation and Unemployment Rate, a gauge of employment trends and labor market conditions, will wrap up the day at 9:30 pm, ET.
Thursday, May 7 will begin early with a spotlight event- the Swiss CPI- Consumer Price Index, the main measure of inflation, at 3:15 am, ET, followed by the German Factory Orders placed for manufactured goods, at 6:00 am, ET.
Two of the main spotlight events of the week will follow- 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.
After the interest rate announcements, the U.S. Non-farm Productivity and Labor Costs Index, measuring the growth of labor efficiency in producing the economy's goods and services, will be released at 8:30 am, ET, along with the U.S. Weekly Jobless Claims, also at 8:30 am, ET.
Another important event that morning will be the European Central Bank President Jean-Claude Trichet's speech at the press conference following the ECB Governing Council's interest rate decision, due at 8:30 am, ET. The language of the statement will be very closely watched for any hints of future changes in the ECB’s monetary policy.
The Bank of Japan’s Meeting Minutes, a detailed report of the last monetary policy meeting that may provide information on the future of the bank’s monetary policy, will be released at 7:50 pm, ET.
The day will end with a spotlight event- the Reserve Bank of Australia Monetary Policy Statement on inflation, economic activity and the bank’s future monetary policy, scheduled at 9:30 pm, ET.
Friday, May 8 will start with the Swiss Unemployment Rate, at 1:45 am, ET, and the German Trade Balance of the difference between the imports and exports, at 2:00 am, ET.
The U.K. economic data will bring a spotlight event with the releases of the U.K. Input and Output PPI- Producers Price Indexes, the main measures of inflation experienced by manufacturers and a leading indicator of consumer inflation, at 4:30 am, ET.
Another spotlight event- the German Industrial Production, an important gauge of industrial activity in the Euro-zone’s largest economy, will be released at 6:00 am, ET.
The sequence of spotlight events will continue with the Canadian Employment Situation and Unemployment Rate, the main gauge of employment trends and labor market conditions, at 7:00 am, ET.
The busy first trading week of the month 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 at 8:30 am, ET.
