Aug.
28, 2009
(Allthingsforex.com)
– A
series of
economic growth
data from major
economies
around the
globe and two
interest rate
announcements
from the
Reserve Bank of
Australia and
the European
Central Bank
will culminate
with the
“crown
jewel” of
next
week’s
major economic
releases- the
U.S. Non-Farm
Payrolls and
Employment
Situation
report, the
outcome of
which could set
the tone for
the entire
trading month
of September.
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. 30 will begin the trading session with a strong sequence of significant economic releases, starting with the Japanese Industrial Production, the main indicator of industrial activity measuring the output of factories, mines and utilities, due at 7:50 pm, ET, along with the Japanese Retail Sales, an important measure of consumer spending, also at 7:50 pm, ET.
The sequence of notable reports will continue with 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, at 8:30 pm, ET, followed by the Japanese Average Earnings, a measure of income received by workers, at 9:30 pm, ET, and the New Zealand Business Confidence survey of the outlook of businesses on current and future economic conditions, at 11:00 pm, ET.
Monday, Aug. 31 will start with the Japanese Housing Starts, a leading indicator of housing market activity, at 1:00 am, ET, and the German Retail Sales, an important gauge of consumer spending in the Euro-zone’s largest economy, expected around 2:00 am, ET.
The first spotlight event of the week- the Euro-zone Flash HICP- Harmonized Index of Consumer Prices, a preliminary flash estimate of the main measure of inflation in the Euro-zone and the European equivalent to the CPI- Consumer Price Index, will be released at 5:00 am, ET.
Another spotlight event will bring the Canadian GDP- Gross Domestic Product, the main measure of economic activity and growth, at 8:30 am, ET.
The U.S. economic data will bring only one notable report- the National Association of Purchasing Management – Chicago Index of economic conditions in the Chicago area, at 9:45 am, ET.
The day will conclude 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 Australian Building Approvals, a leading indicator of housing market activity, at 9:30 pm, ET, and the Australian Current Account of goods, services and transfer of payments into and out of the country, also at 9:30 pm, ET.
Tuesday, Sept. 1 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, and the German Unemployment Rate, at 3:55 am, ET.
Two notable leading indicators of economic activity will come with the releases of the Euro-zone Manufacturing PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the manufacturing sector, at 4:00 am, ET, and the U.K. Manufacturing PMI-Purchasing Managers' Index, at 4:30 am, ET.
The sequence of important economic data will continue with the U.K. Mortgage Approvals, a leading indicator of housing market activity, at 4:30 am, ET, and the Euro-zone Unemployment Rate, at 5:00 am, ET.
The U.S. economic reports will bring a spotlight event- 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 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 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, Sept. 2 will begin with the U.K. Construction PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the construction sector, at 4:30 am, ET.
One of the main spotlight events of the week- the Euro-zone GDP- Gross Domestic Product Estimate, the main measure of economic activity and growth, will be released at 5:00 am, ET, along with the Euro-zone PPI- Producer Price Index, the main measure of wholesale inflation experienced by manufacturers and a leading indicator of consumer inflation, also at 5:00 am, ET.
Another spotlight event- the U.S. ADP-Automatic Data Processing Employment Report, a preliminary estimate that could help to predict the outcome of the monthly non-farm payrolls, will come at 8:15 am, ET.
The U.S. Non-farm Productivity and Labor Costs Index, measuring changes in labor efficiency and costs, will be released at 8:30 am, ET, followed by the U.S. 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 U.S. economic reports will continue with a major spotlight event- the FOMC Meeting Minutes, a detailed record of the Fed’s last monetary policy meeting that may provide an outlook on the economy and clues about the future of the Fed’s monetary policy, scheduled at 2:00 pm, ET.
The Australian Services PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the services sector, will be released at 7:30 pm, ET.
The day will end with two notable economic reports- 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, Sept. 3 will begin with the Euro-zone Services PMI- Purchasing Managers' Index, a leading indicator of economic conditions 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 spotlight event will bring the Euro-zone Retail Sales, an important gauge of consumer spending, at 5:00 am, ET.
One of the main spotlight events of the week will follow with the release of the European Central Bank’s 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.
The U.S. economic reports will start with the weekly Jobless Claims, an important gauge of labor market conditions measuring new unemployment claims, at 8:30 am, ET.
A spotlight event- the U.S. 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, followed by the EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET.
The day will end with the Japanese Capital Spending, a measure of business spending, at 7:50 pm, ET.
Friday, Sept. 4 will bring a sequence of spotlight events, starting with the Swiss CPI- Consumer Price Index, the main measure of inflation, at 3:15 am, ET.
The spotlight events will continue with the Canadian Employment Situation and Unemployment Rate, the main gauge of employment trends and labor market conditions, due at 7:00 am, ET.
The busy first trading week of the month will conclude with a crucial 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. 30 will begin the trading session with a strong sequence of significant economic releases, starting with the Japanese Industrial Production, the main indicator of industrial activity measuring the output of factories, mines and utilities, due at 7:50 pm, ET, along with the Japanese Retail Sales, an important measure of consumer spending, also at 7:50 pm, ET.
The sequence of notable reports will continue with 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, at 8:30 pm, ET, followed by the Japanese Average Earnings, a measure of income received by workers, at 9:30 pm, ET, and the New Zealand Business Confidence survey of the outlook of businesses on current and future economic conditions, at 11:00 pm, ET.
Monday, Aug. 31 will start with the Japanese Housing Starts, a leading indicator of housing market activity, at 1:00 am, ET, and the German Retail Sales, an important gauge of consumer spending in the Euro-zone’s largest economy, expected around 2:00 am, ET.
The first spotlight event of the week- the Euro-zone Flash HICP- Harmonized Index of Consumer Prices, a preliminary flash estimate of the main measure of inflation in the Euro-zone and the European equivalent to the CPI- Consumer Price Index, will be released at 5:00 am, ET.
Another spotlight event will bring the Canadian GDP- Gross Domestic Product, the main measure of economic activity and growth, at 8:30 am, ET.
The U.S. economic data will bring only one notable report- the National Association of Purchasing Management – Chicago Index of economic conditions in the Chicago area, at 9:45 am, ET.
The day will conclude 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 Australian Building Approvals, a leading indicator of housing market activity, at 9:30 pm, ET, and the Australian Current Account of goods, services and transfer of payments into and out of the country, also at 9:30 pm, ET.
Tuesday, Sept. 1 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, and the German Unemployment Rate, at 3:55 am, ET.
Two notable leading indicators of economic activity will come with the releases of the Euro-zone Manufacturing PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the manufacturing sector, at 4:00 am, ET, and the U.K. Manufacturing PMI-Purchasing Managers' Index, at 4:30 am, ET.
The sequence of important economic data will continue with the U.K. Mortgage Approvals, a leading indicator of housing market activity, at 4:30 am, ET, and the Euro-zone Unemployment Rate, at 5:00 am, ET.
The U.S. economic reports will bring a spotlight event- 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 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 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, Sept. 2 will begin with the U.K. Construction PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the construction sector, at 4:30 am, ET.
One of the main spotlight events of the week- the Euro-zone GDP- Gross Domestic Product Estimate, the main measure of economic activity and growth, will be released at 5:00 am, ET, along with the Euro-zone PPI- Producer Price Index, the main measure of wholesale inflation experienced by manufacturers and a leading indicator of consumer inflation, also at 5:00 am, ET.
Another spotlight event- the U.S. ADP-Automatic Data Processing Employment Report, a preliminary estimate that could help to predict the outcome of the monthly non-farm payrolls, will come at 8:15 am, ET.
The U.S. Non-farm Productivity and Labor Costs Index, measuring changes in labor efficiency and costs, will be released at 8:30 am, ET, followed by the U.S. 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 U.S. economic reports will continue with a major spotlight event- the FOMC Meeting Minutes, a detailed record of the Fed’s last monetary policy meeting that may provide an outlook on the economy and clues about the future of the Fed’s monetary policy, scheduled at 2:00 pm, ET.
The Australian Services PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the services sector, will be released at 7:30 pm, ET.
The day will end with two notable economic reports- 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, Sept. 3 will begin with the Euro-zone Services PMI- Purchasing Managers' Index, a leading indicator of economic conditions 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 spotlight event will bring the Euro-zone Retail Sales, an important gauge of consumer spending, at 5:00 am, ET.
One of the main spotlight events of the week will follow with the release of the European Central Bank’s 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.
The U.S. economic reports will start with the weekly Jobless Claims, an important gauge of labor market conditions measuring new unemployment claims, at 8:30 am, ET.
A spotlight event- the U.S. 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, followed by the EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET.
The day will end with the Japanese Capital Spending, a measure of business spending, at 7:50 pm, ET.
Friday, Sept. 4 will bring a sequence of spotlight events, starting with the Swiss CPI- Consumer Price Index, the main measure of inflation, at 3:15 am, ET.
The spotlight events will continue with the Canadian Employment Situation and Unemployment Rate, the main gauge of employment trends and labor market conditions, due at 7:00 am, ET.
The busy first trading week of the month will conclude with a crucial 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.
