May
15, 2009
(Allthingsforex.com)
– The
U.S. housing
data, the
Fed’s
Meeting Minutes
and the Bank of
Japan’s
interest rate
announcement,
along with
inflation and
economic growth
reports from
major
industrialized
nations 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.
Sunday, May 17 will start with two notable economic reports- the New Zealand PPI- Producers Price Index, the main measure of inflation experienced by manufacturers and a leading indicator of consumer inflation, at 6:45 pm, ET, and the U.K. Rightmove House Price Index, an indicator of changes in home prices, at 7:00 pm, ET.
Monday, May 18 will begin with the Euro-zone Trade Balance of the difference between imported and exported goods and services, at 5:00 am, ET.
The only U.S. economic data for the day will be 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 end with 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 policy, at 9:30 pm, ET.
Tuesday, May 19 will start with a sequence of spotlight events, beginning with the Japanese Industrial Production, the main gauge of industrial activity measuring the physical output of factories, mines and utilities, at 12:30 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 4:30 am, ET, along with the U.K. RPI- Retail Price Index of the rate of inflation experienced by consumers when purchasing goods and services, also at 4:30 am, ET.
The Euro-zone news will bring a spotlight event- the German and the Euro-zone ZEW Institute Economic Sentiment, a survey of the sentiment and outlook of institutional investors and financial experts on the economy, at 5:00 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.
The day will conclude with a spotlight event- the preliminary estimate of the Japanese GDP- Gross Domestic Product, the main measure of economic activity and growth, at 7:50 pm, ET, followed by the Australian Consumer Sentiment survey on the economic outlook of consumers, at 9:30 pm, ET.
Wednesday, May 20 will begin with the German PPI- Producers Price Index, the main measure of wholesale inflation experienced by manufacturers in the Euro-zone’s largest economy, at 2:00 am, ET.
A spotlight event- the Bank of England’s Monetary Policy Committee Meeting Minutes that should provide clues about the bank’s position on interest rates and the future of the bank’s monetary policy will be released at 4:30 am, ET, followed by the Swiss ZEW Institute Economic Expectations survey of the sentiment and outlook of institutional investors and financial experts on the economy, at 5:00 am, ET.
Another 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.
A major 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 Leading Index of economic activity, at 8:30 am, ET.
The U.S. economic data will begin with the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
More U.S. economic reports will deliver a spotlight event- the FOMC- Federal Open Market Committee Meeting Minutes from the committee’s previous meeting that may provide clues about the Fed’s future monetary policy, scheduled at 2:00 pm, ET.
The day will conclude with several notable economic releases, beginning with the Japanese Tertiary Index of activity in services industries: utilities, transport and telecommunications, wholesale and retail, finance, insurance, and real estate, at 7:50 pm, ET.
The Australian Inflation Expectations survey of consumers’ outlook on inflation, at 9:00 pm, ET, and the Reserve Bank of Australia’s Monthly Report on inflation, economic activity and growth, at 9:30 pm, ET, will wrap up the busy day.
Thursday, May 21 will start with important economic data from the Euro-zone- 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 3:30 am, ET and 4:00 am, ET.
A spotlight event will come from the U.K. with the release of the U.K. Retail Sales, the main gauge of consumer spending, at 4:30 am, ET, along with the U.K. 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.
News from Canada will deliver the Canadian Wholesale Sales made by manufacturers, wholesalers, and retailers, at 8:30 am, ET, along with the Canadian Foreign Securities Purchases, a measure of foreign investments in Canada, also 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.
Another notable Canadian economic release will bring the Bank of Canada’s Quarterly Report on economic conditions, inflation and monetary policy, at 10:30 am, ET.
Friday, May 22 will begin with a spotlight event- the Bank of Japan Interest Rate Announcement, expected around 12:00 am, ET.
The sequence of spotlight events will continue with the revised estimate of the U.K. GDP- Gross Domestic Product, the main measure of economic activity and growth, at 4:30 am, ET.
The trading week will end with another spotlight 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.
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 17 will start with two notable economic reports- the New Zealand PPI- Producers Price Index, the main measure of inflation experienced by manufacturers and a leading indicator of consumer inflation, at 6:45 pm, ET, and the U.K. Rightmove House Price Index, an indicator of changes in home prices, at 7:00 pm, ET.
Monday, May 18 will begin with the Euro-zone Trade Balance of the difference between imported and exported goods and services, at 5:00 am, ET.
The only U.S. economic data for the day will be 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 end with 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 policy, at 9:30 pm, ET.
Tuesday, May 19 will start with a sequence of spotlight events, beginning with the Japanese Industrial Production, the main gauge of industrial activity measuring the physical output of factories, mines and utilities, at 12:30 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 4:30 am, ET, along with the U.K. RPI- Retail Price Index of the rate of inflation experienced by consumers when purchasing goods and services, also at 4:30 am, ET.
The Euro-zone news will bring a spotlight event- the German and the Euro-zone ZEW Institute Economic Sentiment, a survey of the sentiment and outlook of institutional investors and financial experts on the economy, at 5:00 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.
The day will conclude with a spotlight event- the preliminary estimate of the Japanese GDP- Gross Domestic Product, the main measure of economic activity and growth, at 7:50 pm, ET, followed by the Australian Consumer Sentiment survey on the economic outlook of consumers, at 9:30 pm, ET.
Wednesday, May 20 will begin with the German PPI- Producers Price Index, the main measure of wholesale inflation experienced by manufacturers in the Euro-zone’s largest economy, at 2:00 am, ET.
A spotlight event- the Bank of England’s Monetary Policy Committee Meeting Minutes that should provide clues about the bank’s position on interest rates and the future of the bank’s monetary policy will be released at 4:30 am, ET, followed by the Swiss ZEW Institute Economic Expectations survey of the sentiment and outlook of institutional investors and financial experts on the economy, at 5:00 am, ET.
Another 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.
A major 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 Leading Index of economic activity, at 8:30 am, ET.
The U.S. economic data will begin with the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
More U.S. economic reports will deliver a spotlight event- the FOMC- Federal Open Market Committee Meeting Minutes from the committee’s previous meeting that may provide clues about the Fed’s future monetary policy, scheduled at 2:00 pm, ET.
The day will conclude with several notable economic releases, beginning with the Japanese Tertiary Index of activity in services industries: utilities, transport and telecommunications, wholesale and retail, finance, insurance, and real estate, at 7:50 pm, ET.
The Australian Inflation Expectations survey of consumers’ outlook on inflation, at 9:00 pm, ET, and the Reserve Bank of Australia’s Monthly Report on inflation, economic activity and growth, at 9:30 pm, ET, will wrap up the busy day.
Thursday, May 21 will start with important economic data from the Euro-zone- 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 3:30 am, ET and 4:00 am, ET.
A spotlight event will come from the U.K. with the release of the U.K. Retail Sales, the main gauge of consumer spending, at 4:30 am, ET, along with the U.K. 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.
News from Canada will deliver the Canadian Wholesale Sales made by manufacturers, wholesalers, and retailers, at 8:30 am, ET, along with the Canadian Foreign Securities Purchases, a measure of foreign investments in Canada, also 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.
Another notable Canadian economic release will bring the Bank of Canada’s Quarterly Report on economic conditions, inflation and monetary policy, at 10:30 am, ET.
Friday, May 22 will begin with a spotlight event- the Bank of Japan Interest Rate Announcement, expected around 12:00 am, ET.
The sequence of spotlight events will continue with the revised estimate of the U.K. GDP- Gross Domestic Product, the main measure of economic activity and growth, at 4:30 am, ET.
The trading week will end with another spotlight 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.
