Jan.
8, 2010
(Allthingsforex.com)
– With
the Employment
Situation
report behind
and the U.S.
Retail Sales,
Industrial
Production and
Consumer
Sentiment data
due for release
in the week
ahead, the
markets will
look for
further
direction and
signs that the
economic
recovery is on
the right
track.
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, Jan. 10 will begin the trading session with a notable inflation report- 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, scheduled at 6:30 pm, ET.
Monday, Jan. 11 will start with the French Industrial Production, the main gauge of industrial activity in the Euro-zone’s second largest economy, at 2:45 am, ET, followed by the Swiss Retail Sales, an important measure of consumer spending, at 3:15 am, ET.
News from Canada will bring the Canadian Housing Starts, a leading indicator of housing market activity, at 8:15 am, ET, and the Canadian Building Permits, at 8:30 am, ET.
Also from Canada, a notable release will be the Bank of Canada’s Business Outlook, a survey of businesses on their outlook of the economy, scheduled at 10:30 am, ET.
The evening reports will start with the New Zealand’s Business Confidence survey of business sentiment, at 4:45 pm, ET.
The Japanese Current Account of goods, services and transfer of payments into and out of the country, will be released at 6:50 pm, ET, along with the Japanese Money Supply, a measure of the value of all currency and liquid cash assets held by the public, also at 6:50 pm, ET.
The first spotlight event of the week will come from the U.K. with the British Retail Consortium Retail Sales Monitor, measuring weekly changes in retail sales and consumer spending, at 7:00 pm, ET, along with the RICS- Royal Institution of Chartered Surveyors House Price Balance of changes in home prices, also at 7:00 pm, ET.
The Australian Home Loans, a leading indicator of housing market activity measuring newly-issued loans for home purchases, will wrap up the day at 7:30 pm, ET.
Tuesday, Jan. 12 will begin with the Japanese Eco Watchers Survey of economic conditions and consumer spending, at 12:00 am, ET.
Important U.K. economic reports will bring the U.K. Trade Balance of the difference between imported and exported goods and services, at 4:30 am, ET, along with the U.K. Department for Communities and Local Government House Price Index, a measure of U.K. housing market conditions and home price changes, also at 4:30 am, ET.
The only notable U.S. economic data for the day will be the U.S. International Trade Balance of the difference between imports and exports of goods and services, at 8:30 am, ET, along with the Canadian Trade Balance, also at 8:30 am, ET.
Wednesday, Jan. 13 will start with the Japanese Machinery Tool Orders, a leading indicator of industrial activity, at 1:00 am, ET.
A spotlight event will bring the U.K. Industrial Production, the main gauge of industrial activity measuring of the output of factories, mines and utilities, at 4:30 am, ET.
Another spotlight event will follow with the release of the Euro-zone Industrial Production, the main gauge of industrial activity, at 5:00 am, ET.
The U.S. economic data will begin the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The Fed’s report that afternoon will deliver a spotlight event- the U.S. Federal Reserve Beige Book of economic conditions in the 12 Federal Reserve Districts based on anecdotal evidence considered by the FOMC members when making monetary policy decisions, scheduled at 2:00 pm, ET, along with the Federal Budget Balance, the U.S. Treasury’s statement of income and spending by the government, also at 2:00 pm, ET.
The economic news sequence will continue with the New Zealand’s Building Consents, a leading indicator of housing market activity measuring new building approvals, at 4:45 pm, ET.
The Japanese CGPI- Corporate Goods Price Index, an equivalent to a PPI- Producers Price Index as a measure of inflation experienced by manufacturers and a leading indicator of consumer inflation, will come at 6:50 pm, ET, along with the Japanese Core Machinery Orders, a leading indicator of industrial activity, also at 6:50 pm, ET.
The day will end with a spotlight event- the Australian Employment Situation and Unemployment Rate, the main gauges of labor market conditions, at 7:30 pm, ET.
Thursday, Jan. 14 will begin with the German CPI- Consumer Price Index, the main measure of inflation in the Euro-zone’s largest economy, at 2:00 am, ET.
One of the main spotlight events of the week- the European Central Bank’s Interest Rate Announcement will hit the newswires 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.
The U.S. economic data will bring a major spotlight event- the U.S. Retail Sales, the main gauge of consumer spending, measuring the total receipts at stores that sell durable and non-durable goods, due at 8:30 am, ET, along with the U.S. Import and Export Price indexes of price changes in domestic and foreign-produced goods, also at 8:30 am, ET.
The U.S. reports will continue with the weekly Jobless Claims, an important gauge of labor market conditions measuring new unemployment claims, at 8:30 am, ET, the U.S. Business Inventories, a leading indicator of economic activity, at 10:00 am, ET, and the EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET.
Friday, Jan. 15 will bring a trading session filled with important economic data, starting with the Swiss PPI- Producers Price Index, a measure of wholesale inflation experienced by manufacturers and a leading indicator of consumer inflation, at 3:15 am, ET.
A spotlight event- the Euro-zone HICP- Harmonized Index of Consumer Prices, 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, along with the Euro-zone Trade Balance of the difference between imported and exported goods and services, also at 5:00 am, ET.
The U.S. economic data will bring a sequence of major spotlight events, beginning with the U.S. CPI- Consumer Price Index, the main measure of inflation in the world’s largest economy, at 8:30 am, ET, and the Empire State Manufacturing Index of economic conditions in the state of New York, also at 8:30 am, ET.
Another spotlight event will follow with the release of the U.S. Industrial Production and Capacity Utilization, the main gauge of industrial activity measuring the physical output of factories, mines and utilities, at 9:15 am, ET.
The busy trading week will end with a spotlight event- the preliminary estimate of the U.S. Consumer Sentiment, the University of Michigan's monthly survey of 500 households on their financial conditions and outlook of the economy, 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.
Sunday, Jan. 10 will begin the trading session with a notable inflation report- 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, scheduled at 6:30 pm, ET.
Monday, Jan. 11 will start with the French Industrial Production, the main gauge of industrial activity in the Euro-zone’s second largest economy, at 2:45 am, ET, followed by the Swiss Retail Sales, an important measure of consumer spending, at 3:15 am, ET.
News from Canada will bring the Canadian Housing Starts, a leading indicator of housing market activity, at 8:15 am, ET, and the Canadian Building Permits, at 8:30 am, ET.
Also from Canada, a notable release will be the Bank of Canada’s Business Outlook, a survey of businesses on their outlook of the economy, scheduled at 10:30 am, ET.
The evening reports will start with the New Zealand’s Business Confidence survey of business sentiment, at 4:45 pm, ET.
The Japanese Current Account of goods, services and transfer of payments into and out of the country, will be released at 6:50 pm, ET, along with the Japanese Money Supply, a measure of the value of all currency and liquid cash assets held by the public, also at 6:50 pm, ET.
The first spotlight event of the week will come from the U.K. with the British Retail Consortium Retail Sales Monitor, measuring weekly changes in retail sales and consumer spending, at 7:00 pm, ET, along with the RICS- Royal Institution of Chartered Surveyors House Price Balance of changes in home prices, also at 7:00 pm, ET.
The Australian Home Loans, a leading indicator of housing market activity measuring newly-issued loans for home purchases, will wrap up the day at 7:30 pm, ET.
Tuesday, Jan. 12 will begin with the Japanese Eco Watchers Survey of economic conditions and consumer spending, at 12:00 am, ET.
Important U.K. economic reports will bring the U.K. Trade Balance of the difference between imported and exported goods and services, at 4:30 am, ET, along with the U.K. Department for Communities and Local Government House Price Index, a measure of U.K. housing market conditions and home price changes, also at 4:30 am, ET.
The only notable U.S. economic data for the day will be the U.S. International Trade Balance of the difference between imports and exports of goods and services, at 8:30 am, ET, along with the Canadian Trade Balance, also at 8:30 am, ET.
Wednesday, Jan. 13 will start with the Japanese Machinery Tool Orders, a leading indicator of industrial activity, at 1:00 am, ET.
A spotlight event will bring the U.K. Industrial Production, the main gauge of industrial activity measuring of the output of factories, mines and utilities, at 4:30 am, ET.
Another spotlight event will follow with the release of the Euro-zone Industrial Production, the main gauge of industrial activity, at 5:00 am, ET.
The U.S. economic data will begin the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The Fed’s report that afternoon will deliver a spotlight event- the U.S. Federal Reserve Beige Book of economic conditions in the 12 Federal Reserve Districts based on anecdotal evidence considered by the FOMC members when making monetary policy decisions, scheduled at 2:00 pm, ET, along with the Federal Budget Balance, the U.S. Treasury’s statement of income and spending by the government, also at 2:00 pm, ET.
The economic news sequence will continue with the New Zealand’s Building Consents, a leading indicator of housing market activity measuring new building approvals, at 4:45 pm, ET.
The Japanese CGPI- Corporate Goods Price Index, an equivalent to a PPI- Producers Price Index as a measure of inflation experienced by manufacturers and a leading indicator of consumer inflation, will come at 6:50 pm, ET, along with the Japanese Core Machinery Orders, a leading indicator of industrial activity, also at 6:50 pm, ET.
The day will end with a spotlight event- the Australian Employment Situation and Unemployment Rate, the main gauges of labor market conditions, at 7:30 pm, ET.
Thursday, Jan. 14 will begin with the German CPI- Consumer Price Index, the main measure of inflation in the Euro-zone’s largest economy, at 2:00 am, ET.
One of the main spotlight events of the week- the European Central Bank’s Interest Rate Announcement will hit the newswires 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.
The U.S. economic data will bring a major spotlight event- the U.S. Retail Sales, the main gauge of consumer spending, measuring the total receipts at stores that sell durable and non-durable goods, due at 8:30 am, ET, along with the U.S. Import and Export Price indexes of price changes in domestic and foreign-produced goods, also at 8:30 am, ET.
The U.S. reports will continue with the weekly Jobless Claims, an important gauge of labor market conditions measuring new unemployment claims, at 8:30 am, ET, the U.S. Business Inventories, a leading indicator of economic activity, at 10:00 am, ET, and the EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET.
Friday, Jan. 15 will bring a trading session filled with important economic data, starting with the Swiss PPI- Producers Price Index, a measure of wholesale inflation experienced by manufacturers and a leading indicator of consumer inflation, at 3:15 am, ET.
A spotlight event- the Euro-zone HICP- Harmonized Index of Consumer Prices, 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, along with the Euro-zone Trade Balance of the difference between imported and exported goods and services, also at 5:00 am, ET.
The U.S. economic data will bring a sequence of major spotlight events, beginning with the U.S. CPI- Consumer Price Index, the main measure of inflation in the world’s largest economy, at 8:30 am, ET, and the Empire State Manufacturing Index of economic conditions in the state of New York, also at 8:30 am, ET.
Another spotlight event will follow with the release of the U.S. Industrial Production and Capacity Utilization, the main gauge of industrial activity measuring the physical output of factories, mines and utilities, at 9:15 am, ET.
The busy trading week will end with a spotlight event- the preliminary estimate of the U.S. Consumer Sentiment, the University of Michigan's monthly survey of 500 households on their financial conditions and outlook of the economy, scheduled at 9:55 am, ET.
