Feb.
19, 2010
(Allthingsforex.com)
– The
main gauge of
economic
activity and
growth in the
world’s
largest
economy, along
with the U.S.
consumer and
housing market
data, and a
series of
inflation and
economic growth
reports from
major
industrialized
nations, will
dominate the
financial
headlines in
the week ahead
that could
provide the
much-needed
impetus and
more definite
direction for
the global
markets.
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.
Monday, Feb. 22 will bring only one notable economic report- the Bank of Japan Meeting Minutes from the last monetary policy meeting that may provide an outlook on the economy and the bank’s future monetary policy, scheduled at 6:50 pm, ET.
Tuesday, Feb. 23 will start with the Swiss Consumption Indicator of consumer spending, at 2:00 am, ET.
News from the Euro-zone will bring the first spotlight event of the week- the German IFO Institute Business Climate and Expectations Index, a leading indicator of economic conditions and business expectations in the Euro-zone’s largest economy, at 4:00 am, ET.
A leading indicator of the U.K. housing market- the British Bankers Association’s Mortgage Approvals Report, measuring the number of issued home loans, will be released 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 notable economic releases, starting with the Australian Leading Indicators of economic activity, at 6:30 pm, ET.
A spotlight event will follow with the release of the Japanese Trade Balance of the difference between imported and exported goods and services, at 6:50 pm, ET, along with the Japanese CSPI- Corporate Services Price Index, a measure of inflation experienced by corporations when purchasing services, also at 6:50 pm, ET.
Wednesday, Feb. 24 will begin with a spotlight event- 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, along with the German Gfk Group Consumer Climate Survey, an early indicator of current economic conditions and consumer expectations, also at 2:00 am, ET.
The Euro-zone Industrial Orders, a leading indicator of manufacturing activity, will be released at 5:00 am, ET.
An important U.S. event that morning will be the Fed Chairman Ben Bernanke’s statement and testimony in front of the House Financial Services Committee, expected around 10:00 am, ET.
The U.S economic reports will begin 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, at 10:00 am, ET, followed by the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The day will end with the New Zealand Business Confidence Survey of the sentiment and outlook of businesses on current and future economic conditions, at 9:00 pm, ET.
Thursday, Feb. 25 will start with the Swiss Employment Report, a measure of employment and labor market trends, at 3:15 am, ET, and the German Unemployment Rate, at 3:55 am, ET.
Important economic data from the Euro-zone will bring the Euro-zone Consumer
Confidence Index of the economic outlook of businesses and consumers at 5:00 am, ET.
A notable report from the U.K. will follow with the release of the CBI- Confederation of British Industry Distributive Trades Survey of realized sales made by retailers and wholesalers, at 6:00 am, ET.
The U.S economic data 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 hard goods, at 8:30 am, ET, along with the weekly Jobless Claims, a gauge of labor market conditions measuring new unemployment claims, also at 8:30 am, ET.
More U.S economic reports 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 EIA- Energy Information Administration Natural Gas Inventories, at 10:30 am, ET.
Economic data 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 the New Zealand Building Permits, a leading indicator of housing market activity, also at 4:45 pm, ET.
The day will conclude with a sequence of important economic reports from Japan, beginning with the Japanese Manufacturing PMI- Purchasing Manager's Index, a leading indicator of economic conditions measuring the level of 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 hit the newswires at 6:30 pm, ET, along with the Japanese Unemployment Rate and Household Spending, also at 6:30 pm, ET.
Another spotlight event will follow with the release of 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 Japanese Retail Sales, the main measure of consumer spending, also at 6:50 pm, ET.
The U.K. Consumer Confidence, a survey of consumers’ outlook on economic conditions, will wrap up the day at 7:00 pm, ET.
Friday, Feb. 26 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.
A major spotlight event will follow with the revised estimate of the U.K. GDP- Gross Domestic Product, the main measure of economic activity and growth, at 4:30 am, ET.
News from the Euro-zone will bring another 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, at 5:00 am, ET.
The Canadian Current Account of goods, services and transfer of payments into and out of the country will be released at 8:30 am, ET.
The U.S. economic data will begin with the main spotlight event of the week- the U.S. GDP- Gross Domestic Product, the most important measure of economic activity and growth in the world’s largest economy, at 8:30 am, ET.
The U.S. reports will continue with the National Association of Purchasing Management – Chicago Index of economic conditions in the Chicago area, at 9:45 am, ET, and 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.
The busy trading week will end with a major spotlight event- 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, scheduled at 10:00 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.
Monday, Feb. 22 will bring only one notable economic report- the Bank of Japan Meeting Minutes from the last monetary policy meeting that may provide an outlook on the economy and the bank’s future monetary policy, scheduled at 6:50 pm, ET.
Tuesday, Feb. 23 will start with the Swiss Consumption Indicator of consumer spending, at 2:00 am, ET.
News from the Euro-zone will bring the first spotlight event of the week- the German IFO Institute Business Climate and Expectations Index, a leading indicator of economic conditions and business expectations in the Euro-zone’s largest economy, at 4:00 am, ET.
A leading indicator of the U.K. housing market- the British Bankers Association’s Mortgage Approvals Report, measuring the number of issued home loans, will be released 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 notable economic releases, starting with the Australian Leading Indicators of economic activity, at 6:30 pm, ET.
A spotlight event will follow with the release of the Japanese Trade Balance of the difference between imported and exported goods and services, at 6:50 pm, ET, along with the Japanese CSPI- Corporate Services Price Index, a measure of inflation experienced by corporations when purchasing services, also at 6:50 pm, ET.
Wednesday, Feb. 24 will begin with a spotlight event- 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, along with the German Gfk Group Consumer Climate Survey, an early indicator of current economic conditions and consumer expectations, also at 2:00 am, ET.
The Euro-zone Industrial Orders, a leading indicator of manufacturing activity, will be released at 5:00 am, ET.
An important U.S. event that morning will be the Fed Chairman Ben Bernanke’s statement and testimony in front of the House Financial Services Committee, expected around 10:00 am, ET.
The U.S economic reports will begin 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, at 10:00 am, ET, followed by the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The day will end with the New Zealand Business Confidence Survey of the sentiment and outlook of businesses on current and future economic conditions, at 9:00 pm, ET.
Thursday, Feb. 25 will start with the Swiss Employment Report, a measure of employment and labor market trends, at 3:15 am, ET, and the German Unemployment Rate, at 3:55 am, ET.
Important economic data from the Euro-zone will bring the Euro-zone Consumer
Confidence Index of the economic outlook of businesses and consumers at 5:00 am, ET.
A notable report from the U.K. will follow with the release of the CBI- Confederation of British Industry Distributive Trades Survey of realized sales made by retailers and wholesalers, at 6:00 am, ET.
The U.S economic data 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 hard goods, at 8:30 am, ET, along with the weekly Jobless Claims, a gauge of labor market conditions measuring new unemployment claims, also at 8:30 am, ET.
More U.S economic reports 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 EIA- Energy Information Administration Natural Gas Inventories, at 10:30 am, ET.
Economic data 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 the New Zealand Building Permits, a leading indicator of housing market activity, also at 4:45 pm, ET.
The day will conclude with a sequence of important economic reports from Japan, beginning with the Japanese Manufacturing PMI- Purchasing Manager's Index, a leading indicator of economic conditions measuring the level of 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 hit the newswires at 6:30 pm, ET, along with the Japanese Unemployment Rate and Household Spending, also at 6:30 pm, ET.
Another spotlight event will follow with the release of 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 Japanese Retail Sales, the main measure of consumer spending, also at 6:50 pm, ET.
The U.K. Consumer Confidence, a survey of consumers’ outlook on economic conditions, will wrap up the day at 7:00 pm, ET.
Friday, Feb. 26 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.
A major spotlight event will follow with the revised estimate of the U.K. GDP- Gross Domestic Product, the main measure of economic activity and growth, at 4:30 am, ET.
News from the Euro-zone will bring another 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, at 5:00 am, ET.
The Canadian Current Account of goods, services and transfer of payments into and out of the country will be released at 8:30 am, ET.
The U.S. economic data will begin with the main spotlight event of the week- the U.S. GDP- Gross Domestic Product, the most important measure of economic activity and growth in the world’s largest economy, at 8:30 am, ET.
The U.S. reports will continue with the National Association of Purchasing Management – Chicago Index of economic conditions in the Chicago area, at 9:45 am, ET, and 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.
The busy trading week will end with a major spotlight event- 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, scheduled at 10:00 am, ET.
