May
29, 2009
(Allthingsforex.com)
– The
U.S. Non-Farm
Payrolls and
four interest
rate
announcements
from the
Reserve Bank of
Australia, the
Bank of
England, the
European
Central Bank,
and the Bank of
Canada will
kick-start 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 31 will begin the trading session with a strong sequence of significant economic releases from “down under”, beginning with the Australian Manufacturing PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the manufacturing sector, at 7:30 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 Retail Sales, the main gauge of consumer spending, at 9:30 pm, ET.
Monday, June 1 will start with the Euro-zone Manufacturing PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the manufacturing sector, at 4:00 am, ET, followed by the U.K. Manufacturing PMI-Purchasing Managers' Index, at 4:30 am, ET.
The Canadian economic data will deliver a 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, 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.
Another important U.S. economic report will bring the U.S. ISM Manufacturing Index, a composite 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, along with the U.S. Construction Spending, also at 10:00 am, ET.
The day will conclude with the Australian Building Approvals, a leading indicator of housing market activity, at 9:30 pm, ET, along with the Australian Current Account of goods, services and transfer of payments into and out of the country, also at 9:30 pm, ET.
Tuesday, June 2 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 GDP- Gross Domestic Product, the main measure of economic activity and growth, will be released at 1:45 am, ET, followed by the Swiss PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the manufacturing and service sectors, at 3:30 am, ET.
News from the U.K. will bring the Construction PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the construction sector, at 4:30 am, ET, along with the U.K. Mortgage Approvals, a leading indicator of housing market activity, also at 4:30 am, ET, followed by the Euro-zone Unemployment Rate, at 5:00 am, ET.
The only notable U.S. economic report will be 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.
The evening will bring three important economic releases, beginning with the U.K. Consumer Confidence Index, a survey of consumers’ financial conditions and attitudes about the economy, at 7:00 pm, ET, and the Australian Services PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the services sector, at 7:30 pm, ET.
The day will end with a spotlight event from “down under”- the Australian GDP- Gross Domestic Product, the main measure of economic activity and growth, at 9:30 pm, ET.
Wednesday, June 3 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 news from the Euro-zone will bring a spotlight event- the Euro-zone GDP- Gross Domestic Product Estimate, a preliminary estimate of the main measure of economic activity and growth, at 5:00 am, ET, along with the Euro-zone PPI- Producer Price Index, the main measure of inflation experienced by manufacturers and a leading indicator of consumer inflation, also at 5:00 am, ET.
The U.S. economic data will begin with a spotlight event- the ADP-Automatic Data Processing Employment Report, a preliminary estimate that could help to predict the outcome of the monthly non-farm payrolls, at 8:15 am, ET.
Another spotlight event from the U.S., the ISM Non-Manufacturing Index of economic conditions in the services industries: agriculture, mining, construction, transportation, communications, wholesale trade and retail trade, will be released at 10:00 am, ET.
The U.S. data will continue with the Factory Orders placed with domestic manufacturers, at 10:00 am, ET, and the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The day will conclude with the Japanese Business Capital Expenditures, a measure of business spending, at 7:50 pm, ET.
The day will end with a spotlight event- the Australian Trade Balance of the difference between imports and exports, at 9:30 pm, ET, and the New Zealand Commodity Prices Index of changes in commodities’ prices, at 11:00 pm, ET.
Thursday, June 4 will begin with a spotlight event- the Euro-zone Retail Sales, the main measure of consumer spending, at 5:00 am, ET.
Two of the main spotlight events of the week will follow- the Bank of England Interest Rate Announcement at 7:00 am, ET and the European Central Bank Interest Rate Announcement, at 7:45 am, ET.
Another significant event that morning will be the European Central Bank President Jean-Claude Trichet’s press conference following the ECB Governing Council's interest rate decision, due at 8:30 am, ET. The language of his statement will be very closely watched for any hints of future changes in the ECB’s monetary policy.
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.
Important Canadian reports will include the Building Permits, a leading indicator of housing market conditions, at 8:30 am, ET, a major spotlight event- the Bank of Canada Interest Rate Announcement, at 9:00 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 day will end with the Australian Construction PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the construction sector, at 7:30 pm, ET.
Friday, June 5 will start with a spotlight event- the Swiss CPI- Consumer Price Index, the main measure of inflation, at 3:15 am, ET.
The U.K. economic data will bring another spotlight event with the release 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.
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 31 will begin the trading session with a strong sequence of significant economic releases from “down under”, beginning with the Australian Manufacturing PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the manufacturing sector, at 7:30 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 Retail Sales, the main gauge of consumer spending, at 9:30 pm, ET.
Monday, June 1 will start with the Euro-zone Manufacturing PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the manufacturing sector, at 4:00 am, ET, followed by the U.K. Manufacturing PMI-Purchasing Managers' Index, at 4:30 am, ET.
The Canadian economic data will deliver a 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, 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.
Another important U.S. economic report will bring the U.S. ISM Manufacturing Index, a composite 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, along with the U.S. Construction Spending, also at 10:00 am, ET.
The day will conclude with the Australian Building Approvals, a leading indicator of housing market activity, at 9:30 pm, ET, along with the Australian Current Account of goods, services and transfer of payments into and out of the country, also at 9:30 pm, ET.
Tuesday, June 2 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 GDP- Gross Domestic Product, the main measure of economic activity and growth, will be released at 1:45 am, ET, followed by the Swiss PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the manufacturing and service sectors, at 3:30 am, ET.
News from the U.K. will bring the Construction PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the construction sector, at 4:30 am, ET, along with the U.K. Mortgage Approvals, a leading indicator of housing market activity, also at 4:30 am, ET, followed by the Euro-zone Unemployment Rate, at 5:00 am, ET.
The only notable U.S. economic report will be 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.
The evening will bring three important economic releases, beginning with the U.K. Consumer Confidence Index, a survey of consumers’ financial conditions and attitudes about the economy, at 7:00 pm, ET, and the Australian Services PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the services sector, at 7:30 pm, ET.
The day will end with a spotlight event from “down under”- the Australian GDP- Gross Domestic Product, the main measure of economic activity and growth, at 9:30 pm, ET.
Wednesday, June 3 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 news from the Euro-zone will bring a spotlight event- the Euro-zone GDP- Gross Domestic Product Estimate, a preliminary estimate of the main measure of economic activity and growth, at 5:00 am, ET, along with the Euro-zone PPI- Producer Price Index, the main measure of inflation experienced by manufacturers and a leading indicator of consumer inflation, also at 5:00 am, ET.
The U.S. economic data will begin with a spotlight event- the ADP-Automatic Data Processing Employment Report, a preliminary estimate that could help to predict the outcome of the monthly non-farm payrolls, at 8:15 am, ET.
Another spotlight event from the U.S., the ISM Non-Manufacturing Index of economic conditions in the services industries: agriculture, mining, construction, transportation, communications, wholesale trade and retail trade, will be released at 10:00 am, ET.
The U.S. data will continue with the Factory Orders placed with domestic manufacturers, at 10:00 am, ET, and the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The day will conclude with the Japanese Business Capital Expenditures, a measure of business spending, at 7:50 pm, ET.
The day will end with a spotlight event- the Australian Trade Balance of the difference between imports and exports, at 9:30 pm, ET, and the New Zealand Commodity Prices Index of changes in commodities’ prices, at 11:00 pm, ET.
Thursday, June 4 will begin with a spotlight event- the Euro-zone Retail Sales, the main measure of consumer spending, at 5:00 am, ET.
Two of the main spotlight events of the week will follow- the Bank of England Interest Rate Announcement at 7:00 am, ET and the European Central Bank Interest Rate Announcement, at 7:45 am, ET.
Another significant event that morning will be the European Central Bank President Jean-Claude Trichet’s press conference following the ECB Governing Council's interest rate decision, due at 8:30 am, ET. The language of his statement will be very closely watched for any hints of future changes in the ECB’s monetary policy.
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.
Important Canadian reports will include the Building Permits, a leading indicator of housing market conditions, at 8:30 am, ET, a major spotlight event- the Bank of Canada Interest Rate Announcement, at 9:00 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 day will end with the Australian Construction PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the construction sector, at 7:30 pm, ET.
Friday, June 5 will start with a spotlight event- the Swiss CPI- Consumer Price Index, the main measure of inflation, at 3:15 am, ET.
The U.K. economic data will bring another spotlight event with the release 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.
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.
