May
22, 2009
(Allthingsforex.com)
– The
U.S. housing
and economic
growth data,
coupled with
inflation
reports from
major
industrialized
nations around
the globe,
could provide
an interesting
final touch to
May’s
assault on the
U.S.
Dollar.
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 24 will start the trading week with the Japanese All Industry Index of activity in all sectors of the economy, at 7:50 pm, ET.
Monday, May 25 will begin with the Bank of Japan’s Monthly Report on inflation, economic activity and growth, at 1:00 am, ET.
The first spotlight event of the week- the German IFO Institute Business Climate and Expectations Index, a leading indicator of current conditions and business expectations in the Euro-zone’s largest economy, will be released at 4:00 am, ET.
The day will conclude with three significant reports- New Zealand’s Trade Balance of the difference between imports and exports, at 6:45 pm, ET, the Japanese CSPI- Corporate Services Price Index of the rate of inflation for corporations paying for services, at 7:50 pm, ET, and the Reserve Bank of New Zealand’s Quarterly Inflation Expectations Report, at 11:00 pm, ET.
Tuesday, May 26 will start with the Swiss Consumption Indicator of consumer spending, at 2:00 am, ET.
News from the Euro-zone will bring the German GDP- Gross Domestic Product, the main measure of economic activity and growth in the Euro-zone’s largest economy, at 2:00 am, ET, and the German Gfk Market Research Group Consumer Climate Index, an early indicator of current conditions and consumer expectations, also at 2:00 am, ET.
The U.K. Nationwide House Price Index of changes in home prices will be released around 2:00 am, ET, followed by the French Consumer Spending, at 2:45 am, ET, and the Swiss Unemployment Rate, at 3:15 am, ET.
The European economic data will continue with the Euro-zone Current Account of goods, services and transfer of payments into and out of the region, at 4:00 am, ET.
The Euro-zone Industrial New Orders for durable and non-durable goods will come at 5:00 am, ET, followed by the Confederation of British Industry Distributive Trades, measuring wholesale and retail sales, at 6:00 am, ET.
The U.S. economic reports 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.
A spotlight event will follow with the release of the U.S. Consumer Confidence Index of consumer attitudes on present economic conditions and expectations of future conditions, at 10:00 am, ET, along with 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 conclude with a spotlight event- the Japanese Trade Balance of the difference between imports and exports, at 7:50 pm, ET, and the Bank of Japan’s Meeting Minutes from the last monetary policy meeting that may provide some clues about the bank’s future monetary policy, also at 7:50 pm, ET.
The Australian Leading Indicators of economic activity, at 8:30 pm, ET, and the Reserve Bank of New Zealand’s Inflation Expectations Report, at 11:00 pm, ET, will wrap up the busy day.
Wednesday, May 27 will begin with the flash estimate of the German CPI- Consumer Price Index, the main measure of inflation in the Euro-zone’s largest economy, expected around 2:00 am, ET.
News from the U.K. will deliver the British Bankers' Association Mortgage Approvals, a leading indicator of housing market activity tracking newly issued mortgages, at 4:30 am, ET.
The U.S. economic data will bring the main spotlight event 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, at 10:00 am, ET.
More U.S. economic reports 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 EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The day will conclude with several notable economic releases- the Japanese Retail Sales, an important measure of consumer spending, at 7:50 pm, ET, the Australian Leading Index of economic activity, at 8:00 pm, ET, and the Australian Private Capital Expenditure, a measure of private business spending, at 9:30 pm, ET.
Thursday, May 28 will be the busiest trading day of the week filled with important economic reports, beginning with the Swiss Trade Balance of the difference between imports and exports, at 2:15 am, ET, and the German Unemployment Rate, at 3:55 am, ET.
The Euro-zone Consumer Confidence survey of consumers on their financial conditions and attitudes about the economy will be released at 5:00 am, ET, followed by the Confederation of British Industry Distributive Trades Survey of sales made by retailers and wholesalers, at 6:00 am, ET.
The U.S. economic releases will begin with a spotlight event- the U.S. Durable Goods Orders, placed with domestic manufacturers for immediate and future delivery of factory hard goods, at 8:30 am, ET, along with the usual for every Thursday weekly Jobless Claims, at 8:30 am, ET.
The U.S. data 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, and the weekly EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET.
The New Zealand Building Approvals, a leading indicator of housing market activity, will be released at 6:45 pm, ET, followed by the U.K. Consumer Confidence, a measure of consumers’ attitudes in regard to economic conditions, at 7:00 pm, ET.
The day will conclude with a sequence of spotlight events starting with 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.
Another spotlight event will end the day with the release of the Japanese Industrial Production, the main gauge of industrial activity measuring the physical output of factories, mines and utilities, at 7:50 pm, ET, followed by the New Zealand Budget Balance, an important report on government borrowing and spending, at 10:00 pm, ET.
Friday, May 29 will begin with the Japanese Housing Starts, a leading indicator of housing market activity and construction of new residential properties, at 1:00 am, ET, and the Euro-zone M3 Money Supply, the European Central Bank's broadest measure of money supply growth, at 4:00 am, ET.
News from the Euro-zone will deliver a spotlight event- 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 5:00 am, ET, along with the Euro-zone Unemployment Rate, also at 5:00 am, ET.
The Canadian Current Account of goods, services and transfer of payments into and out of the country, will be released at 8:30 am, ET.
The U.S. economic data will bring one of the main 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 National Association of Purchasing Management – Chicago survey and index of business conditions in the Chicago area, at 9:45 am, ET.
The busy trading week will end with the U.S. Consumer Sentiment, the University of Michigan’s 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, May 24 will start the trading week with the Japanese All Industry Index of activity in all sectors of the economy, at 7:50 pm, ET.
Monday, May 25 will begin with the Bank of Japan’s Monthly Report on inflation, economic activity and growth, at 1:00 am, ET.
The first spotlight event of the week- the German IFO Institute Business Climate and Expectations Index, a leading indicator of current conditions and business expectations in the Euro-zone’s largest economy, will be released at 4:00 am, ET.
The day will conclude with three significant reports- New Zealand’s Trade Balance of the difference between imports and exports, at 6:45 pm, ET, the Japanese CSPI- Corporate Services Price Index of the rate of inflation for corporations paying for services, at 7:50 pm, ET, and the Reserve Bank of New Zealand’s Quarterly Inflation Expectations Report, at 11:00 pm, ET.
Tuesday, May 26 will start with the Swiss Consumption Indicator of consumer spending, at 2:00 am, ET.
News from the Euro-zone will bring the German GDP- Gross Domestic Product, the main measure of economic activity and growth in the Euro-zone’s largest economy, at 2:00 am, ET, and the German Gfk Market Research Group Consumer Climate Index, an early indicator of current conditions and consumer expectations, also at 2:00 am, ET.
The U.K. Nationwide House Price Index of changes in home prices will be released around 2:00 am, ET, followed by the French Consumer Spending, at 2:45 am, ET, and the Swiss Unemployment Rate, at 3:15 am, ET.
The European economic data will continue with the Euro-zone Current Account of goods, services and transfer of payments into and out of the region, at 4:00 am, ET.
The Euro-zone Industrial New Orders for durable and non-durable goods will come at 5:00 am, ET, followed by the Confederation of British Industry Distributive Trades, measuring wholesale and retail sales, at 6:00 am, ET.
The U.S. economic reports 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.
A spotlight event will follow with the release of the U.S. Consumer Confidence Index of consumer attitudes on present economic conditions and expectations of future conditions, at 10:00 am, ET, along with 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 conclude with a spotlight event- the Japanese Trade Balance of the difference between imports and exports, at 7:50 pm, ET, and the Bank of Japan’s Meeting Minutes from the last monetary policy meeting that may provide some clues about the bank’s future monetary policy, also at 7:50 pm, ET.
The Australian Leading Indicators of economic activity, at 8:30 pm, ET, and the Reserve Bank of New Zealand’s Inflation Expectations Report, at 11:00 pm, ET, will wrap up the busy day.
Wednesday, May 27 will begin with the flash estimate of the German CPI- Consumer Price Index, the main measure of inflation in the Euro-zone’s largest economy, expected around 2:00 am, ET.
News from the U.K. will deliver the British Bankers' Association Mortgage Approvals, a leading indicator of housing market activity tracking newly issued mortgages, at 4:30 am, ET.
The U.S. economic data will bring the main spotlight event 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, at 10:00 am, ET.
More U.S. economic reports 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 EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The day will conclude with several notable economic releases- the Japanese Retail Sales, an important measure of consumer spending, at 7:50 pm, ET, the Australian Leading Index of economic activity, at 8:00 pm, ET, and the Australian Private Capital Expenditure, a measure of private business spending, at 9:30 pm, ET.
Thursday, May 28 will be the busiest trading day of the week filled with important economic reports, beginning with the Swiss Trade Balance of the difference between imports and exports, at 2:15 am, ET, and the German Unemployment Rate, at 3:55 am, ET.
The Euro-zone Consumer Confidence survey of consumers on their financial conditions and attitudes about the economy will be released at 5:00 am, ET, followed by the Confederation of British Industry Distributive Trades Survey of sales made by retailers and wholesalers, at 6:00 am, ET.
The U.S. economic releases will begin with a spotlight event- the U.S. Durable Goods Orders, placed with domestic manufacturers for immediate and future delivery of factory hard goods, at 8:30 am, ET, along with the usual for every Thursday weekly Jobless Claims, at 8:30 am, ET.
The U.S. data 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, and the weekly EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET.
The New Zealand Building Approvals, a leading indicator of housing market activity, will be released at 6:45 pm, ET, followed by the U.K. Consumer Confidence, a measure of consumers’ attitudes in regard to economic conditions, at 7:00 pm, ET.
The day will conclude with a sequence of spotlight events starting with 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.
Another spotlight event will end the day with the release of the Japanese Industrial Production, the main gauge of industrial activity measuring the physical output of factories, mines and utilities, at 7:50 pm, ET, followed by the New Zealand Budget Balance, an important report on government borrowing and spending, at 10:00 pm, ET.
Friday, May 29 will begin with the Japanese Housing Starts, a leading indicator of housing market activity and construction of new residential properties, at 1:00 am, ET, and the Euro-zone M3 Money Supply, the European Central Bank's broadest measure of money supply growth, at 4:00 am, ET.
News from the Euro-zone will deliver a spotlight event- 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 5:00 am, ET, along with the Euro-zone Unemployment Rate, also at 5:00 am, ET.
The Canadian Current Account of goods, services and transfer of payments into and out of the country, will be released at 8:30 am, ET.
The U.S. economic data will bring one of the main 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 National Association of Purchasing Management – Chicago survey and index of business conditions in the Chicago area, at 9:45 am, ET.
The busy trading week will end with the U.S. Consumer Sentiment, the University of Michigan’s survey of 500 households on their financial conditions and attitudes about the economy, scheduled at 9:55 am, ET.
