Aug.
21, 2009
(Allthingsforex.com)
– The
U.S. Gross
Domestic
Product data,
coupled with
the closely
related to it
consumer
spending and
consumer
confidence
releases, will
take the center
stage in the
week ahead and
could play the
crucial role of
providing
further impetus
to the
market’s
rally or may
serve as a
catalyst for
more
significant
market
correction,
depending on
the outcome of
the
reports.
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.
Monday, Aug. 24 will begin with the U.K. Nationwide House Price Index, an indicator of housing market conditions measuring changes in home prices, expected around at 2:00 am, ET, followed by the Euro-zone Industrial Orders, a measure of industrial activity, at 5:00 am, ET.
News from Canada will bring the Canadian Retail Sales, the main gauge of consumer spending, measuring the total receipts at stores that sell durable and non-durable goods, at 8:30 am, ET.
The day will end with the Reserve Bank of New Zealand’s Quarterly Inflation Expectations Report, a survey of business managers on their outlook for future inflation, scheduled at 11:00 pm, ET.
Tuesday, Aug. 25 will start with the Swiss Consumption Indicator of consumer spending, at 2:00 am, ET.
The German GDP- Gross Domestic Product, the main measure of economic activity and growth in the Euro-zone’s largest economy, will be released at 2:00 am, ET, followed by the Swiss Unemployment Rate, at 3:15 am, ET.
A notable report and a leading indicator of the U.K. housing market conditions- the BBA- British Bankers' Association Mortgage Approvals, measuring the number of issued home loans, will hit the newswires at 4:30 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.
One of the main spotlight events of the week will follow with the release of the U.S. Consumer Confidence Index of the outlook of consumers on present and future economic conditions, scheduled at 10:00 am, ET.
The U.S. economic data will continue with the Richmond Fed Index, measuring manufacturing activity in the Richmond Federal Reserve district, at 10:00 am, ET, and the U.S. House Price Index of the price changes of homes with mortgages backed by Fannie May and Freddie Mac, also at 10:00 am, ET.
The day will conclude with a spotlight event- the Japanese Trade Balance of the difference between imported and exported goods and services, at 7:50 pm, ET, along with the Japanese CSPI- Corporate Services Price Index, a measure of inflation experienced by corporations when purchasing services, also at 7:50 pm, ET.
Wednesday, Aug. 26 will begin with a spotlight event- the German IFO Institute Business Climate and Expectations Index, a leading indicator of economic conditions and business expectations in the Euro-zone’s largest economy, at 4:00 am, ET.
The U.S economic data will bring a spotlight event- the U.S. Durable Goods Orders placed with domestic manufacturers for immediate and future delivery of factory hard goods and a leading indicator of economic activity, at 8:30 am, ET.
The U.S. economic releases will continue with another spotlight event- the U.S. New Home Sales, a gauge of housing market conditions measuring the number of newly constructed homes with a committed sale during the previous month, at 10:00 am, ET, followed by the weekly EIA- Energy Information Administration Oil Inventories, at 10:30 am, ET.
The day will conclude with New Zealand’s Trade Balance of the difference between imported and exported goods and services, at 6:45 pm, ET, and the Australian Leading Indicators of economic conditions, at 8:00 pm, ET.
Thursday, Aug. 27 will start with two important economic releases- the German Gfk Market Research Group Consumer Climate Index, an early indicator of current conditions and consumer expectations, at 2:00 am, ET, and the preliminary 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 Euro-zone will bring the Euro-zone M3 Money Supply, the European Central Bank's broadest measure of money supply growth, at 4:00 am, ET.
Two notable reports will follow with the releases of the U.K. Business Investment, a leading indicator of economic conditions measuring investments by the Government and private businesses, at 4:30 am, ET, and the U.K. Confederation of British Industry Distributive Trades, measuring wholesale and retail sales, at 6:00 am, ET.
The main spotlight event 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, will be released at 8:30 am, ET.
More U.S. data will include the U.S. Corporate Profits, a measure of corporate income, at 8:30 am, ET, and the weekly Jobless Claims, an important gauge of labor market conditions measuring new unemployment claims, also at 8:30 am, ET, followed by the 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’ outlook on current and future economic conditions, at 7:00 pm, ET.
The day will conclude with a sequence of important economic data from Japan starting with the Japanese Manufacturing PMI- Purchasing Managers Index, a leading indicator of economic conditions measuring the level of activity of purchasing managers in the manufacturing sector, at 7:15 pm, ET.
A spotlight event- the Japanese CPI- Consumer Price Index, the main measure of inflation, will be released at 7:30 pm, ET, along with the Japanese Unemployment Rate and Household Spending, also at 7:30 pm, ET.
Friday, Aug. 28 will begin with the German Retail Sales, the main measure of consumer spending in the Euro-zone’s largest economy, expected around 2:00 am, ET.
The U.K. economic reports will bring a major spotlight event- the U.K. GDP- Gross Domestic Product, the main measure of economic activity and growth, at 4:30 am, ET.
News from Canada will deliver the Canadian IPPI- Industrial Product Price Index and RMPI- Raw Materials Price Index, the main measures of wholesale inflation experienced by manufacturers, at 8:30 am, ET.
One of the main spotlight events of the week- the U.S. Personal Income and Outlays, an important gauge of consumer spending measuring the income received and purchases made by consumers, will be released at 8:30 am, ET, along with the PCE- Personal Consumption and Expenditures Index, 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, also due at 8:30 am, ET.
The trading week will end with another spotlight event- the U.S. Consumer Sentiment, the University of Michigan’s monthly survey of 500 households on their outlook of current and future economic conditions, 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.
Monday, Aug. 24 will begin with the U.K. Nationwide House Price Index, an indicator of housing market conditions measuring changes in home prices, expected around at 2:00 am, ET, followed by the Euro-zone Industrial Orders, a measure of industrial activity, at 5:00 am, ET.
News from Canada will bring the Canadian Retail Sales, the main gauge of consumer spending, measuring the total receipts at stores that sell durable and non-durable goods, at 8:30 am, ET.
The day will end with the Reserve Bank of New Zealand’s Quarterly Inflation Expectations Report, a survey of business managers on their outlook for future inflation, scheduled at 11:00 pm, ET.
Tuesday, Aug. 25 will start with the Swiss Consumption Indicator of consumer spending, at 2:00 am, ET.
The German GDP- Gross Domestic Product, the main measure of economic activity and growth in the Euro-zone’s largest economy, will be released at 2:00 am, ET, followed by the Swiss Unemployment Rate, at 3:15 am, ET.
A notable report and a leading indicator of the U.K. housing market conditions- the BBA- British Bankers' Association Mortgage Approvals, measuring the number of issued home loans, will hit the newswires at 4:30 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.
One of the main spotlight events of the week will follow with the release of the U.S. Consumer Confidence Index of the outlook of consumers on present and future economic conditions, scheduled at 10:00 am, ET.
The U.S. economic data will continue with the Richmond Fed Index, measuring manufacturing activity in the Richmond Federal Reserve district, at 10:00 am, ET, and the U.S. House Price Index of the price changes of homes with mortgages backed by Fannie May and Freddie Mac, also at 10:00 am, ET.
The day will conclude with a spotlight event- the Japanese Trade Balance of the difference between imported and exported goods and services, at 7:50 pm, ET, along with the Japanese CSPI- Corporate Services Price Index, a measure of inflation experienced by corporations when purchasing services, also at 7:50 pm, ET.
Wednesday, Aug. 26 will begin with a spotlight event- the German IFO Institute Business Climate and Expectations Index, a leading indicator of economic conditions and business expectations in the Euro-zone’s largest economy, at 4:00 am, ET.
The U.S economic data will bring a spotlight event- the U.S. Durable Goods Orders placed with domestic manufacturers for immediate and future delivery of factory hard goods and a leading indicator of economic activity, at 8:30 am, ET.
The U.S. economic releases will continue with another spotlight event- the U.S. New Home Sales, a gauge of housing market conditions measuring the number of newly constructed homes with a committed sale during the previous month, at 10:00 am, ET, followed by the weekly EIA- Energy Information Administration Oil Inventories, at 10:30 am, ET.
The day will conclude with New Zealand’s Trade Balance of the difference between imported and exported goods and services, at 6:45 pm, ET, and the Australian Leading Indicators of economic conditions, at 8:00 pm, ET.
Thursday, Aug. 27 will start with two important economic releases- the German Gfk Market Research Group Consumer Climate Index, an early indicator of current conditions and consumer expectations, at 2:00 am, ET, and the preliminary 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 Euro-zone will bring the Euro-zone M3 Money Supply, the European Central Bank's broadest measure of money supply growth, at 4:00 am, ET.
Two notable reports will follow with the releases of the U.K. Business Investment, a leading indicator of economic conditions measuring investments by the Government and private businesses, at 4:30 am, ET, and the U.K. Confederation of British Industry Distributive Trades, measuring wholesale and retail sales, at 6:00 am, ET.
The main spotlight event 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, will be released at 8:30 am, ET.
More U.S. data will include the U.S. Corporate Profits, a measure of corporate income, at 8:30 am, ET, and the weekly Jobless Claims, an important gauge of labor market conditions measuring new unemployment claims, also at 8:30 am, ET, followed by the 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’ outlook on current and future economic conditions, at 7:00 pm, ET.
The day will conclude with a sequence of important economic data from Japan starting with the Japanese Manufacturing PMI- Purchasing Managers Index, a leading indicator of economic conditions measuring the level of activity of purchasing managers in the manufacturing sector, at 7:15 pm, ET.
A spotlight event- the Japanese CPI- Consumer Price Index, the main measure of inflation, will be released at 7:30 pm, ET, along with the Japanese Unemployment Rate and Household Spending, also at 7:30 pm, ET.
Friday, Aug. 28 will begin with the German Retail Sales, the main measure of consumer spending in the Euro-zone’s largest economy, expected around 2:00 am, ET.
The U.K. economic reports will bring a major spotlight event- the U.K. GDP- Gross Domestic Product, the main measure of economic activity and growth, at 4:30 am, ET.
News from Canada will deliver the Canadian IPPI- Industrial Product Price Index and RMPI- Raw Materials Price Index, the main measures of wholesale inflation experienced by manufacturers, at 8:30 am, ET.
One of the main spotlight events of the week- the U.S. Personal Income and Outlays, an important gauge of consumer spending measuring the income received and purchases made by consumers, will be released at 8:30 am, ET, along with the PCE- Personal Consumption and Expenditures Index, 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, also due at 8:30 am, ET.
The trading week will end with another spotlight event- the U.S. Consumer Sentiment, the University of Michigan’s monthly survey of 500 households on their outlook of current and future economic conditions, scheduled at 9:55 am, ET.
