Sept.
18, 2009
(Allthingsforex.com)
– In the
week ahead all
eyes will be on
the Fed’s
interest rate
announcement,
coupled with
the U.S.
housing,
consumer
confidence, and
durable goods
orders data
that could
provide more
evidence that
the
world’s
largest economy
is on the path
to
growth.
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, Sept. 20 will start the trading session with two notable reports- the U.K. Rightmove House Price Index, an indicator of changes in home prices, at 7:00 pm, ET, along with the Bank of England’s Quarterly Bulletin on inflation and economic conditions, also at 7:00 pm, ET.
Monday, Sept. 21 will begin with the Canadian Foreign Securities Purchases, a measure of foreign investment in Canada and a gauge of the attractiveness of the CAD for foreign investors, at 8:30 am, ET.
The only U.S. economic release for the day will be the U.S. Leading Indicators of economic activity, at 10:00 am, ET.
The day will conclude with New Zealand’s Current Account of goods, services and transfer of payments into and out of the region, at 6:45 pm, ET, and the New Zealand Consumer Sentiment survey of consumers’ outlook on the economy, at 10:00 pm, ET.
Tuesday, Sept. 22 will start with the Swiss Trade Balance of the difference between imported and exported goods and services, at 2:15 am, ET.
News from Canada will bring the Canadian Retail Sales, an important measure of consumer spending, at 8:30 am, ET.
The U.S. economic data 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 Richmond Fed Index, measuring the general business conditions of manufacturers in the Richmond Federal Reserve district, also at 10:00 am, ET.
The first spotlight event of the week- the New Zealand GDP- Gross Domestic Product, the main measure of economic activity and growth, will wrap up the day at 6:45 pm, ET.
Wednesday, Sept. 23 will begin with a spotlight event- the German and the Euro-zone Manufacturing and Services PMI- Purchasing Manager's Indexes, measuring the level of activity of purchasing managers in the manufacturing and service sectors, due at 3:30 am, ET and 4:00 am, ET.
Another spotlight event- the Bank of England’s Monetary Policy Committee Meeting Minutes that should provide clues about the bank’s position on interest rates and the future of the bank’s monetary policy will come at 4:30 am, ET, along with a leading indicator of the U.K. housing market- the BBA- British Bankers' Association Mortgage Approvals, measuring the number of issued home loans, also at 4:30 am, ET.
The Euro-zone Industrial Orders, a leading indicator of economic activity, will follow at 5:00 am, ET.
The U.S. economic releases will start with the weekly EIA- Energy Information Administration Oil Inventories, at 10:30 am, ET.
The main spotlight event of the week- the U.S. FOMC- Federal Open Market Committee Interest Rate Announcement, will be released at 2:15 pm, 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.
The Reserve Bank of Australia’s Financial Stability Review on the stability of the Australian financial system will end the day at 9:30 pm, ET.
Thursday, Sept. 24 will start with the Japanese All Industry Activity Index, a leading indicator of economic conditions, at 12:30 am, ET.
A spotlight event- the German IFO Institute Business Climate and Expectations Index, an early indicator of economic conditions and business expectations, will be released at 4:00 am, ET.
The U.S. economic reports will begin with the weekly Jobless Claims, an important gauge of labor market conditions measuring new unemployment claims, at 8:30 am, ET.
One of the major spotlight events of the week- the U.S. Existing Home Sales, the main gauge of U.S. housing market conditions measuring the number of closed sales of previously constructed homes, condominiums and co-ops, 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 morning will mark the beginning of another notable event- the G20 meeting in Pittsburgh of finance ministers and central bank representatives from 20 of the world’s major industrialized nations.
A sequence of important reports will start with the release of New Zealand’s Trade Balance of the difference between imported and exported goods and services, at 6:45 pm, ET.
The day will end with Bank of Japan’s Meeting Minutes from the last monetary policy meeting that may provide clues about the bank’s future monetary policy, 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.
Friday, Sept. 25 will begin with the Euro-zone’s M3 Money Supply, a measure of the supply of money in the financial system, at 4:00 am, ET, followed by the U.K. Business Investment, measuring private sector and government business investments, at 4:30 am, ET.
The U.S economic data will bring one of the main spotlight events of the week- 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.
Another major spotlight event- the U.S. Consumer Sentiment, the University of Michigan’s monthly survey of 500 households on their financial conditions and outlook of the economy, will be released at 9:55 am, ET.
The trading week will end with a 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, scheduled at 10:00 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, Sept. 20 will start the trading session with two notable reports- the U.K. Rightmove House Price Index, an indicator of changes in home prices, at 7:00 pm, ET, along with the Bank of England’s Quarterly Bulletin on inflation and economic conditions, also at 7:00 pm, ET.
Monday, Sept. 21 will begin with the Canadian Foreign Securities Purchases, a measure of foreign investment in Canada and a gauge of the attractiveness of the CAD for foreign investors, at 8:30 am, ET.
The only U.S. economic release for the day will be the U.S. Leading Indicators of economic activity, at 10:00 am, ET.
The day will conclude with New Zealand’s Current Account of goods, services and transfer of payments into and out of the region, at 6:45 pm, ET, and the New Zealand Consumer Sentiment survey of consumers’ outlook on the economy, at 10:00 pm, ET.
Tuesday, Sept. 22 will start with the Swiss Trade Balance of the difference between imported and exported goods and services, at 2:15 am, ET.
News from Canada will bring the Canadian Retail Sales, an important measure of consumer spending, at 8:30 am, ET.
The U.S. economic data 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 Richmond Fed Index, measuring the general business conditions of manufacturers in the Richmond Federal Reserve district, also at 10:00 am, ET.
The first spotlight event of the week- the New Zealand GDP- Gross Domestic Product, the main measure of economic activity and growth, will wrap up the day at 6:45 pm, ET.
Wednesday, Sept. 23 will begin with a spotlight event- the German and the Euro-zone Manufacturing and Services PMI- Purchasing Manager's Indexes, measuring the level of activity of purchasing managers in the manufacturing and service sectors, due at 3:30 am, ET and 4:00 am, ET.
Another spotlight event- the Bank of England’s Monetary Policy Committee Meeting Minutes that should provide clues about the bank’s position on interest rates and the future of the bank’s monetary policy will come at 4:30 am, ET, along with a leading indicator of the U.K. housing market- the BBA- British Bankers' Association Mortgage Approvals, measuring the number of issued home loans, also at 4:30 am, ET.
The Euro-zone Industrial Orders, a leading indicator of economic activity, will follow at 5:00 am, ET.
The U.S. economic releases will start with the weekly EIA- Energy Information Administration Oil Inventories, at 10:30 am, ET.
The main spotlight event of the week- the U.S. FOMC- Federal Open Market Committee Interest Rate Announcement, will be released at 2:15 pm, 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.
The Reserve Bank of Australia’s Financial Stability Review on the stability of the Australian financial system will end the day at 9:30 pm, ET.
Thursday, Sept. 24 will start with the Japanese All Industry Activity Index, a leading indicator of economic conditions, at 12:30 am, ET.
A spotlight event- the German IFO Institute Business Climate and Expectations Index, an early indicator of economic conditions and business expectations, will be released at 4:00 am, ET.
The U.S. economic reports will begin with the weekly Jobless Claims, an important gauge of labor market conditions measuring new unemployment claims, at 8:30 am, ET.
One of the major spotlight events of the week- the U.S. Existing Home Sales, the main gauge of U.S. housing market conditions measuring the number of closed sales of previously constructed homes, condominiums and co-ops, 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 morning will mark the beginning of another notable event- the G20 meeting in Pittsburgh of finance ministers and central bank representatives from 20 of the world’s major industrialized nations.
A sequence of important reports will start with the release of New Zealand’s Trade Balance of the difference between imported and exported goods and services, at 6:45 pm, ET.
The day will end with Bank of Japan’s Meeting Minutes from the last monetary policy meeting that may provide clues about the bank’s future monetary policy, 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.
Friday, Sept. 25 will begin with the Euro-zone’s M3 Money Supply, a measure of the supply of money in the financial system, at 4:00 am, ET, followed by the U.K. Business Investment, measuring private sector and government business investments, at 4:30 am, ET.
The U.S economic data will bring one of the main spotlight events of the week- 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.
Another major spotlight event- the U.S. Consumer Sentiment, the University of Michigan’s monthly survey of 500 households on their financial conditions and outlook of the economy, will be released at 9:55 am, ET.
The trading week will end with a 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, scheduled at 10:00 am, ET.
