July
31, 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 set the
tone for 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, Aug. 2 will begin the trading session with the Australian Manufacturing PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the manufacturing sector, at 7:30 pm, ET, and the Japanese Cash Earnings, a measure of workers’ income, at 9:30 pm, ET.
Monday, Aug. 3 will start with the German Retail Sales, an important gauge of consumer spending in the Euro-zone’s largest economy, expected around 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 U.K. Manufacturing PMI-Purchasing Managers' Index, at 4:30 am, ET.
The U.S. economic reports will bring the first spotlight event of the week- 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 notable data from “down under”- the Australian Retail Sales, the main gauge of consumer spending, at 9:30 pm, ET, along with the Australian House Price Index, a measure of changes in home prices, also at 9:30 pm, ET.
Tuesday, Aug. 4 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.
Another important report- the Swiss CPI- Consumer Price Index, the main measure of inflation, will be released at 3:15 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, followed by the Euro-zone PPI- Producer Price Index, the main measure of inflation experienced by manufacturers and a leading indicator of consumer inflation, at 5:00 am, ET.
One of the main spotlight events of the week- the U.S. Personal Income and Outlays, a measure of the income received and purchases made by consumers, will come at 8:30 am, ET, along with the PCE Deflator, also at 8:30 am, ET. The Personal Consumption and Expenditures 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 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.
The evening reports will bring three important economic releases, starting 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 the Australian Trade Balance of the difference between imports and exports, at 9:30 pm, ET.
Wednesday, Aug. 5 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.
A major spotlight event- the U.K. Industrial Production and Manufacturing Output, the main gauge of industrial activity measuring the physical output of factories, mines and utilities, will hit the newswires at 4:30 am, ET.
The Euro-zone Retail Sales, an important gauge of consumer spending, will be released at 5:00 am, ET.
The U.S. economic data will bring a sequence of spotlight events, beginning with 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 come at 10:00 am, ET.
The U.S. reports 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 series of important economic data from “down under”, beginning with the New Zealand Employment Situation and Unemployment Rate, the main gauge of employment trends and labor market conditions, at 6:45 pm, ET.
The preliminary estimate of the U.K. GDP- Gross Domestic Product, the main measure of economic activity and growth, will be released at 7:00 pm, ET.
The day will end with a spotlight event- the Australian Employment Situation and Unemployment Rate, the main gauge of employment trends and labor market conditions, at 9:30 pm, ET.
Thursday, Aug. 6 will begin with the Japanese Leading Indicators of economic activity, at 1:00 am, ET, and the Swiss Consumer Climate Index of consumer sentiment, at 1:45 am, ET.
The U.K. Leading Index of economic activity and conditions will be released at 5:00 am, ET, along with the German Factory Orders, a leading indicator of economic activity measuring orders placed with manufacturers, at 6:00 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 important 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.
News from Canada will bring the Canadian Building Permits, a leading indicator of housing market activity, at 8:30 am, ET.
The U.S. economic data will include the weekly Jobless Claims, at 8:30 am, ET, and the EIA- Energy Information Administration Natural Gas Inventories, at 10:30 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, and the Reserve Bank of Australia’s Monetary Policy Report on inflation, economic conditions and future monetary policy, scheduled at 9:30 pm, ET.
Friday, Aug. 7 will start with the Swiss Unemployment Rate, at 1:45 am, ET, and the German Trade Balance of the difference between imports and exports, at 2:00 am, ET.
The U.K. economic data will bring a notable report with the release of the U.K. Input and Output PPI- Producers Price Indexes, the main measures of wholesale inflation experienced by manufacturers and a leading indicator of consumer inflation, at 4:30 am, ET.
The German Industrial Production, the main gauge of industrial activity measuring the output of factories, mines and utilities in the Euro-zone’s largest economy will be released at 6:00 am, ET.
A sequence of spotlight events will begin 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, Aug. 2 will begin the trading session with the Australian Manufacturing PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the manufacturing sector, at 7:30 pm, ET, and the Japanese Cash Earnings, a measure of workers’ income, at 9:30 pm, ET.
Monday, Aug. 3 will start with the German Retail Sales, an important gauge of consumer spending in the Euro-zone’s largest economy, expected around 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 U.K. Manufacturing PMI-Purchasing Managers' Index, at 4:30 am, ET.
The U.S. economic reports will bring the first spotlight event of the week- 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 notable data from “down under”- the Australian Retail Sales, the main gauge of consumer spending, at 9:30 pm, ET, along with the Australian House Price Index, a measure of changes in home prices, also at 9:30 pm, ET.
Tuesday, Aug. 4 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.
Another important report- the Swiss CPI- Consumer Price Index, the main measure of inflation, will be released at 3:15 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, followed by the Euro-zone PPI- Producer Price Index, the main measure of inflation experienced by manufacturers and a leading indicator of consumer inflation, at 5:00 am, ET.
One of the main spotlight events of the week- the U.S. Personal Income and Outlays, a measure of the income received and purchases made by consumers, will come at 8:30 am, ET, along with the PCE Deflator, also at 8:30 am, ET. The Personal Consumption and Expenditures 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 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.
The evening reports will bring three important economic releases, starting 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 the Australian Trade Balance of the difference between imports and exports, at 9:30 pm, ET.
Wednesday, Aug. 5 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.
A major spotlight event- the U.K. Industrial Production and Manufacturing Output, the main gauge of industrial activity measuring the physical output of factories, mines and utilities, will hit the newswires at 4:30 am, ET.
The Euro-zone Retail Sales, an important gauge of consumer spending, will be released at 5:00 am, ET.
The U.S. economic data will bring a sequence of spotlight events, beginning with 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 come at 10:00 am, ET.
The U.S. reports 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 series of important economic data from “down under”, beginning with the New Zealand Employment Situation and Unemployment Rate, the main gauge of employment trends and labor market conditions, at 6:45 pm, ET.
The preliminary estimate of the U.K. GDP- Gross Domestic Product, the main measure of economic activity and growth, will be released at 7:00 pm, ET.
The day will end with a spotlight event- the Australian Employment Situation and Unemployment Rate, the main gauge of employment trends and labor market conditions, at 9:30 pm, ET.
Thursday, Aug. 6 will begin with the Japanese Leading Indicators of economic activity, at 1:00 am, ET, and the Swiss Consumer Climate Index of consumer sentiment, at 1:45 am, ET.
The U.K. Leading Index of economic activity and conditions will be released at 5:00 am, ET, along with the German Factory Orders, a leading indicator of economic activity measuring orders placed with manufacturers, at 6:00 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 important 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.
News from Canada will bring the Canadian Building Permits, a leading indicator of housing market activity, at 8:30 am, ET.
The U.S. economic data will include the weekly Jobless Claims, at 8:30 am, ET, and the EIA- Energy Information Administration Natural Gas Inventories, at 10:30 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, and the Reserve Bank of Australia’s Monetary Policy Report on inflation, economic conditions and future monetary policy, scheduled at 9:30 pm, ET.
Friday, Aug. 7 will start with the Swiss Unemployment Rate, at 1:45 am, ET, and the German Trade Balance of the difference between imports and exports, at 2:00 am, ET.
The U.K. economic data will bring a notable report with the release of the U.K. Input and Output PPI- Producers Price Indexes, the main measures of wholesale inflation experienced by manufacturers and a leading indicator of consumer inflation, at 4:30 am, ET.
The German Industrial Production, the main gauge of industrial activity measuring the output of factories, mines and utilities in the Euro-zone’s largest economy will be released at 6:00 am, ET.
A sequence of spotlight events will begin 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.
