Feb. 5, 2010 (Allthingsforex.com) – The Euro-zone and the German economic growth, inflation and industrial activity reports will be in the spotlight in the week ahead as the world continues to keep an eye on the latest sovereign debt news from members of the European Monetary Union.

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, Feb. 7 will begin the trading session with the Japanese Current Account of goods, services and transfer of payments into and out of the country, 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 Australian Business Confidence quarterly survey of business sentiment will be expected around 7:30 pm, ET.

Monday, Feb. 8 will start with the Japanese Eco Watchers Survey of economic conditions and consumer spending, at 12:00 am, ET.

The Swiss Unemployment Rate will be released at 1:45 am, ET, followed by the Swiss Retail Sales, an important measure of consumer spending, at 3:15 am, ET.

Economic data from the Euro-zone will bring the closely watched Sentix Investor Confidence Index of investors’ outlook on the economy, at 4:30 am, ET.

News from Canada will deliver the Canadian Housing Starts, a leading indicator of housing market activity measuring new residential construction, at 8:30 am, ET.

The day will conclude with two notable reports- the U.K. RICS- Royal Institution of Chartered Surveyors House Price Balance of changes in home prices, at 7:00 pm, ET, and the British Retail Consortium Retail Sales Monitor, a gauge of consumer spending measuring weekly changes in retail sales, also at 7:00 pm, ET.

The day will end with the Australian Business Confidence, a monthly survey on the economic outlook of businesses, conducted by National Australia Bank, expected to be released around 7:30 pm, ET.   

Tuesday, Feb. 9 will start with the Japanese Machine Tool Orders, a leading indicator of industrial activity, at 1:00 am, ET.

The final reading of the German CPI- Consumer Price Index, the main measure of inflation in the Euro-zone’s largest economy, will come at 2:00 am, ET.

The U.K. economic data will bring the U.K. Trade Balance of the difference between imported and exported goods and services, at 4:30 am, ET.

The only notable U.S. economic report for that day will be the U.S. Wholesale Trade, a leading indicator of economic conditions measuring the number of sales and inventories held by wholesalers, at 10:00 am, ET.

The Australian Consumer Sentiment Survey of consumers’ outlook on the economy will be released at 6:30 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 follow at 6:50 pm, ET, along with the Japanese Machinery Orders, a leading indicator of industrial activity, also at 6:50 pm, ET.

The Australian Home Loans, a leading indicator of housing market activity measuring new loans issued for home purchases, will end the day at 7:30 pm, ET. 

Wednesday, Feb. 10 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.

The first spotlight economic event of the week will come with the release of the U.K. Industrial Production, the main gauge of industrial activity measuring the output of factories, mines and utilities, at 4:30 am, ET.

Another major spotlight event from the U.K. will bring the Bank of England Inflation Report, a very important for the central bank’s future monetary policy report which contains detailed analysis and estimates for inflation and economic growth in the U.K., scheduled at 5:30 am, ET.

News from Canada will bring the Canadian Trade Balance of the difference between imports and exports, at 8:30 am, ET.

The U.S. economic reports will begin with a spotlight event- the U.S. International Trade Balance of the difference between imports and exports of goods and services, at 8:30 am, ET, followed by the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.

The U.S. economic data will continue with another spotlight event- the Federal Budget Balance, a U.S. Treasury statement of income and spending by the government, scheduled at 2:00 pm, ET.

The New Zealand Business Manufacturing Index of activity in the manufacturing sector of the economy will be released at 4:30 pm, ET, followed by the Australian Melbourne Institute Inflation Expectations survey of consumers’ expectations of future inflation, at 7:00 pm, ET.

The day will end with a spotlight event- the Australian Employment Situation and Unemployment Rate, the main gauge of employment trends and labor market conditions, at 7:30 pm, ET.

Thursday, Feb. 11 will begin with a spotlight event- the Swiss CPI- Consumer Price Index, the main measure of inflation, at 3:15 am, ET.

The European Central Bank’s Monthly Bulletin on monetary policy, inflation and economic conditions in the Euro-zone, will be released at 4:00 am, ET.

One of the main spotlight events of the week- the U.S. Retail Sales, the main gauge of consumer spending, measuring the total sales at retail establishments, will hit the newswires 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, the U.S. Business Inventories, a leading indicator of economic conditions measuring the total amount of inventories held by manufacturers, wholesalers, and retailers, at 10:00 am, ET, and the EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET.

The day will conclude with a notable economic report- the New Zealand Retail Sales, the main gauge of consumer spending, at 4:45 pm, ET.

Friday, Feb. 12 will bring a trading session filled with important economic data, starting with a spotlight event- the preliminary estimate of the German GDP- Gross Domestic Product, the main measure of economic activity and growth in the Euro-zone’s largest economy, at 2:00 am, ET, followed by the French GDP- Gross Domestic Product, the main measure of economic activity and growth in the Euro-zone’s second largest economy, at 2:45 am, ET. 

Two of the major spotlight events of the week will come with the releases of the Euro-zone Flash GDP- Gross Domestic Product, the preliminary estimate of the main measure of economic activity and growth, at 5:00 am, ET, and the Euro-zone Industrial Production, the main gauge of industrial activity measuring the output of factories, mines and utilities, also at 5:00 am, ET.

The 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.