Jan.
23, 2010
(Allthingsforex.com)
– In the
aftermath of
the proposal to
limit the size
and proprietary
trading
operations of
U.S. financial
institutions
that has led to
a massive
sell-off in
bank stocks,
weakness in
equities and
further risk
aversion, all
eyes will shift
to the
Fed’s
interest rate
announcement
and the U.S.
GDP report,
coupled with
inflation and
economic growth
gauges from
major
industrialized
nations around
the globe, in
search for
glimpses of
hope that could
refuel the
rallies in
stocks and
higher-yielding
currencies.
In preparation for the new trading week, here is a look at the most important economic events that every currency trader should pay attention to.
Sunday, Jan. 24 will start the trading session with two notable reports- the Australian PPI- Producers Price Index, the main measure of wholesale inflation experienced by manufacturers and a leading indicator of consumer inflation, at 7:30 pm, ET, and the Australian Business Confidence Survey of the sentiment and outlook of businesses on current and future economic conditions, expected around 8:00 pm, ET.
Monday, Jan. 25 will begin with the German Gfk Group Consumer Climate Survey, an early indicator of current economic conditions and consumer expectations, at 2:00 am, ET.
The first spotlight event of the week- the U.S. Existing Home Sales, the main gauge of the condition of the U.S. housing market measuring the number of closed sales of previously constructed homes, condominiums and co-ops, will be released at 10:00 am, ET.
The day will conclude with the Japanese CSPI- Corporate Services Price Index, a measure of inflation experienced by corporations when purchasing services, at 6:50 pm, ET.
Tuesday, Jan. 26 will start with a spotlight event- the Bank of Japan Interest Rate Announcement, expected around 12:00 am, ET.
The Swiss Consumption Indicator of consumer spending will follow at 2:00 am, ET, along with the U.K. Nationwide House Price Index, an indicator of changes in home prices, also at 2:00 am, ET.
News from the Euro-zone will bring the Euro-zone IFO Institute Business Climate and Expectations Index, a survey of businesses on their outlook of economic conditions, at 4:00 am, ET, along with the Euro-zone Current Account of goods, services and transfer of payments into and out of the country, also at 4:00 am, ET.
One of the main spotlight events of the week will come with the release of the U.K. GDP- Gross Domestic Product, the main measure of economic activity and growth, at 4:30 am, ET, along with the BBA- British Bankers' Association Mortgage Approvals Report, a leading indicator of housing market activity measuring the number of issued home loans, also at 4:30 am, ET.
The U.S. economic data 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.
A spotlight event will follow with the release of the U.S. Consumer Confidence Index of consumers’ outlook on present and future economic conditions, at 10:00 am, ET, along with the Richmond Fed Index of manufacturing activity in the Richmond Federal Reserve district, also at 10:00 am, ET.
The day will conclude with a series of notable economic releases, starting with the Australian Leading Indicators of economic activity, at 6:30 pm, ET, and the Japanese Trade Balance of the difference between imported and exported goods and services, at 6:50 pm, ET.
A spotlight event from “down under”- the quarterly-released Australian CPI- Consumer Price Index, the main measure of inflation, will wrap up the day at 7:30 pm, ET.
Wednesday, Jan. 27 will begin with Bank of Japan’s Monthly Report on inflation, economic conditions and monetary policy outlook, at 12:00 am, ET, followed by 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.
Important report from the U.K. will bring the CBI- Confederation of British Industry Distributive Trades Survey of realized sales made by retailers and wholesalers, scheduled at 6:00 am, ET.
The U.S economic data will deliver 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, at 10:00 am, ET, followed by the EIA- Energy Information Administration Weekly 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 hit the newswires at 2:15 pm, ET.
Another spotlight event from a central bank will bring the Reserve Bank of New Zealand’s Interest Rate Announcement, at 3:00 pm, ET.
The busy day will end with the Japanese Retail Sales, the main measure of consumer spending, at 6:50 pm, ET.
Thursday, Jan. 28 will start with the German Unemployment Rate, at 3:55 am, ET, and the Euro-zone Consumer Confidence, a gauge of consumers’ outlook on the economy, at 5:00 am, ET.
The U.S economic reports will begin with a spotlight event- the U.S. Durable Goods Orders, a leading indicator of economic activity, measuring orders placed with domestic manufacturers for immediate and future delivery of factory goods, at 8:30 am, ET.
The U.S economic data will continue with the weekly Jobless Claims, an important gauge of labor market conditions measuring new unemployment claims, at 8:30 am, ET, and the EIA- Energy Information Administration Natural Gas Inventories, at 10:30 am, ET.
Three notable reports from “down under” will bring the New Zealand Trade Balance of the difference between imported and exported goods and services, at 4:45 pm, ET, along with New Zealand’s Building Consents, a leading indicator of housing market activity measuring new building approvals, also at 4:45 pm, ET, and the Australian Conference Board Leading Index of economic activity, at 6:00 pm, ET.
A sequence of important economic data from Japan will begin with the Japanese Manufacturing PMI- Purchasing Manager's Index, a leading indicator of economic conditions measuring the activity of purchasing managers in the manufacturing sector, at 6:15 pm, ET.
A major spotlight event- the Japanese CPI- Consumer Price Index, the main measure of inflation, will come at 6:30 pm, ET, along with the Japanese Unemployment Rate and Household Spending, also at 6:30 pm, ET.
The economic reports from Japan with continue with the Japanese Industrial Production, the main gauge of industrial activity measuring the output of factories, mines and utilities, at 6:50 pm, ET, and the Bank of Japan’s Monetary Policy Meeting Minutes that could provide an outlook on the economy, inflation and the bank’s future monetary policy, also at 6:50 pm, ET.
The day will conclude with the U.K. Consumer Confidence, a survey of consumers’ outlook on economic conditions, at 7:00 pm, ET, and the Australian Business Confidence Index, a survey of businesses on their outlook of economic conditions, expected around 7:30 pm, ET.
Friday, Jan. 29 will begin with the Japanese Housing Starts, a leading indicator of housing market activity measuring construction of new residential properties, at 12:00 am, ET, and the Euro-zone M3 Money Supply, the European Central Bank's broadest measure of money supply growth, at 4:00 am, ET.
More news from the Euro-zone will bring a spotlight event- 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, at 5:00 am, ET, along with the Euro-zone Unemployment Rate, at 5:00 am, ET.
Another spotlight event- the Canadian GDP- Gross Domestic Product, the main gauge of economic activity and growth, will be released at 8:30 am, ET, along with the Canadian IPPI- Industrial Product Price Index and RMPI- Raw Materials Price Index, the main measures of wholesale inflation experienced by manufacturers, also at 8:30 am, ET.
The U.S. economic releases will begin with one of the major spotlight events of the week- the first advanced estimate of the U.S. GDP- Gross Domestic Product, the main measure of economic activity and growth in the world’s largest economy, at 8:30 am, ET.
The U.S. data will continue with the U.S. Employment Cost Index, a measure of total employee compensation costs, including wages, salaries and benefits, at 8:30 am, ET, and the National Association of Purchasing Management – Chicago Index of economic conditions in the Chicago area, at 9:45 am, ET.
The busy 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 financial conditions and outlook of the economy, scheduled at 9:55 am, ET.
In preparation for the new trading week, here is a look at the most important economic events that every currency trader should pay attention to.
Sunday, Jan. 24 will start the trading session with two notable reports- the Australian PPI- Producers Price Index, the main measure of wholesale inflation experienced by manufacturers and a leading indicator of consumer inflation, at 7:30 pm, ET, and the Australian Business Confidence Survey of the sentiment and outlook of businesses on current and future economic conditions, expected around 8:00 pm, ET.
Monday, Jan. 25 will begin with the German Gfk Group Consumer Climate Survey, an early indicator of current economic conditions and consumer expectations, at 2:00 am, ET.
The first spotlight event of the week- the U.S. Existing Home Sales, the main gauge of the condition of the U.S. housing market measuring the number of closed sales of previously constructed homes, condominiums and co-ops, will be released at 10:00 am, ET.
The day will conclude with the Japanese CSPI- Corporate Services Price Index, a measure of inflation experienced by corporations when purchasing services, at 6:50 pm, ET.
Tuesday, Jan. 26 will start with a spotlight event- the Bank of Japan Interest Rate Announcement, expected around 12:00 am, ET.
The Swiss Consumption Indicator of consumer spending will follow at 2:00 am, ET, along with the U.K. Nationwide House Price Index, an indicator of changes in home prices, also at 2:00 am, ET.
News from the Euro-zone will bring the Euro-zone IFO Institute Business Climate and Expectations Index, a survey of businesses on their outlook of economic conditions, at 4:00 am, ET, along with the Euro-zone Current Account of goods, services and transfer of payments into and out of the country, also at 4:00 am, ET.
One of the main spotlight events of the week will come with the release of the U.K. GDP- Gross Domestic Product, the main measure of economic activity and growth, at 4:30 am, ET, along with the BBA- British Bankers' Association Mortgage Approvals Report, a leading indicator of housing market activity measuring the number of issued home loans, also at 4:30 am, ET.
The U.S. economic data 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.
A spotlight event will follow with the release of the U.S. Consumer Confidence Index of consumers’ outlook on present and future economic conditions, at 10:00 am, ET, along with the Richmond Fed Index of manufacturing activity in the Richmond Federal Reserve district, also at 10:00 am, ET.
The day will conclude with a series of notable economic releases, starting with the Australian Leading Indicators of economic activity, at 6:30 pm, ET, and the Japanese Trade Balance of the difference between imported and exported goods and services, at 6:50 pm, ET.
A spotlight event from “down under”- the quarterly-released Australian CPI- Consumer Price Index, the main measure of inflation, will wrap up the day at 7:30 pm, ET.
Wednesday, Jan. 27 will begin with Bank of Japan’s Monthly Report on inflation, economic conditions and monetary policy outlook, at 12:00 am, ET, followed by 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.
Important report from the U.K. will bring the CBI- Confederation of British Industry Distributive Trades Survey of realized sales made by retailers and wholesalers, scheduled at 6:00 am, ET.
The U.S economic data will deliver 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, at 10:00 am, ET, followed by the EIA- Energy Information Administration Weekly 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 hit the newswires at 2:15 pm, ET.
Another spotlight event from a central bank will bring the Reserve Bank of New Zealand’s Interest Rate Announcement, at 3:00 pm, ET.
The busy day will end with the Japanese Retail Sales, the main measure of consumer spending, at 6:50 pm, ET.
Thursday, Jan. 28 will start with the German Unemployment Rate, at 3:55 am, ET, and the Euro-zone Consumer Confidence, a gauge of consumers’ outlook on the economy, at 5:00 am, ET.
The U.S economic reports will begin with a spotlight event- the U.S. Durable Goods Orders, a leading indicator of economic activity, measuring orders placed with domestic manufacturers for immediate and future delivery of factory goods, at 8:30 am, ET.
The U.S economic data will continue with the weekly Jobless Claims, an important gauge of labor market conditions measuring new unemployment claims, at 8:30 am, ET, and the EIA- Energy Information Administration Natural Gas Inventories, at 10:30 am, ET.
Three notable reports from “down under” will bring the New Zealand Trade Balance of the difference between imported and exported goods and services, at 4:45 pm, ET, along with New Zealand’s Building Consents, a leading indicator of housing market activity measuring new building approvals, also at 4:45 pm, ET, and the Australian Conference Board Leading Index of economic activity, at 6:00 pm, ET.
A sequence of important economic data from Japan will begin with the Japanese Manufacturing PMI- Purchasing Manager's Index, a leading indicator of economic conditions measuring the activity of purchasing managers in the manufacturing sector, at 6:15 pm, ET.
A major spotlight event- the Japanese CPI- Consumer Price Index, the main measure of inflation, will come at 6:30 pm, ET, along with the Japanese Unemployment Rate and Household Spending, also at 6:30 pm, ET.
The economic reports from Japan with continue with the Japanese Industrial Production, the main gauge of industrial activity measuring the output of factories, mines and utilities, at 6:50 pm, ET, and the Bank of Japan’s Monetary Policy Meeting Minutes that could provide an outlook on the economy, inflation and the bank’s future monetary policy, also at 6:50 pm, ET.
The day will conclude with the U.K. Consumer Confidence, a survey of consumers’ outlook on economic conditions, at 7:00 pm, ET, and the Australian Business Confidence Index, a survey of businesses on their outlook of economic conditions, expected around 7:30 pm, ET.
Friday, Jan. 29 will begin with the Japanese Housing Starts, a leading indicator of housing market activity measuring construction of new residential properties, at 12:00 am, ET, and the Euro-zone M3 Money Supply, the European Central Bank's broadest measure of money supply growth, at 4:00 am, ET.
More news from the Euro-zone will bring a spotlight event- 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, at 5:00 am, ET, along with the Euro-zone Unemployment Rate, at 5:00 am, ET.
Another spotlight event- the Canadian GDP- Gross Domestic Product, the main gauge of economic activity and growth, will be released at 8:30 am, ET, along with the Canadian IPPI- Industrial Product Price Index and RMPI- Raw Materials Price Index, the main measures of wholesale inflation experienced by manufacturers, also at 8:30 am, ET.
The U.S. economic releases will begin with one of the major spotlight events of the week- the first advanced estimate of the U.S. GDP- Gross Domestic Product, the main measure of economic activity and growth in the world’s largest economy, at 8:30 am, ET.
The U.S. data will continue with the U.S. Employment Cost Index, a measure of total employee compensation costs, including wages, salaries and benefits, at 8:30 am, ET, and the National Association of Purchasing Management – Chicago Index of economic conditions in the Chicago area, at 9:45 am, ET.
The busy 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 financial conditions and outlook of the economy, scheduled at 9:55 am, ET.
