Feb.
26, 2010
(Allthingsforex.com)
– In the
aftermath of
the recent
sequence of
trading
sessions
dominated by
investor
uncertainty and
risk aversion,
traders will
focus on the
busy week ahead
filled with
crucial
economic data
that will bring
the U.S.
Non-Farm
Payrolls and
Employment
Situation
report, a
number of
measures of
economic
activity and
growth from the
U.S., the U.K.,
the Euro-zone,
Canada and
Australia, and
four interest
rate
announcements
from the
Reserve Bank of
Australia, Bank
of Canada, Bank
of England, and
the European
Central
Bank.
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. 28 will begin the trading session with a series of significant economic releases from “down under”, starting with the Australian Manufacturing PMI-Purchasing Managers' Index, a leading indicator of economic conditions measuring the activity level of purchasing managers in the manufacturing sector, at 5:30 pm, ET.
Another notable report- the Australian TD Securities Melbourne Institute Inflation Gauge, a measure of consumer inflation used as a leading monthly indicator of the quarterly-issued Consumer Price Index, will be released at 6:30 pm, ET, followed by the Australian Current Account of goods, services and transfer of payments into and out of the country, at 7:30 pm, ET.
Monday, Mar. 1 will start with the Swiss Composite PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the manufacturing and service sectors, at 3:30 am, ET.
Two important releases will follow with the Euro-zone Manufacturing PMI-Purchasing Managers' Index, a leading indicator of economic conditions measuring the activity level of purchasing managers in the manufacturing sector, at 4:00 am, ET, and the U.K. Manufacturing PMI-Purchasing Managers' Index, at 4:30 am, ET.
The sequence of notable U.K. reports will continue with Bank of England’s Mortgage Approvals Report, a leading indicator of housing market activity measuring newly issued home loans, at 4:30 am, ET, along with the U.K. Net Lending to Individuals, a gauge of consumer credit conditions, also at 4:30 am, ET.
The Euro-zone Unemployment Rate, an important measure of labor market trends and conditions, will hit the newswires at 5:00 am, ET.
The U.S. economic data will bring the first spotlight event of the week- the U.S. Personal Income and Outlays, a measure of the income received and purchases made by consumers, released along with the Personal Consumption and Expenditures Deflator- a leading indicator of inflation preferred by the Fed because it measures a variable basket of goods and services, as opposed to the CPI-Consumer Price Index which measures a fixed basket of goods and services, scheduled at 8:30 am, ET.
News from Canada will deliver a spotlight event with the release of the Canadian GDP- Gross Domestic Product, the main measure of economic activity and growth, at 8:30 am, ET.
Another spotlight event- the U.S. ISM Manufacturing Index, a leading indicator of industrial activity, where a reading above or below 50 is the dividing line between economic expansion and contraction, will be come at 10:00 am, ET, along with the U.S. Construction Spending, also at 10:00 am, ET.
The evening reports will begin with the Japanese Unemployment Rate and Household Spending, two measures of labor market conditions and household expenditures, both scheduled at 6:30 pm, ET.
The Australian Retail Sales, an important measure of consumer spending, will follow at 7:30 pm, ET, along with the Australian Building Approvals, a leading indicator of housing market activity, also at 7:30 pm, ET.
The day will end with one of the main spotlight events of the week- the Reserve Bank of Australia Interest Rate Announcement, at 10:30 pm, ET.
Tuesday, Mar. 2 will start with a spotlight event- the Swiss GDP- Gross Domestic Product, the main measure of economic activity and growth, at 1:45 am, ET, followed by the U.K. Construction PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the construction sector, at 4:30 am, ET.
A spotlight event from the Euro-zone will bring the preliminary flash estimate of 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, along with the Euro-zone PPI- Producer Price Index, the main measure of wholesale inflation experienced by manufacturers and a leading indicator of consumer inflation, at 5:00 am, ET.
One of the main spotlight events of the week- the Bank of Canada Interest Rate Announcement will come at 9:00 am, ET.
The day will conclude with a series of important economic reports, beginning with the Australian Services PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the services sector, at 5:30 pm, ET.
The U.K. Nationwide Consumer Confidence Index, a survey of consumers’ financial conditions and outlook on the economy, will follow at 7:00 pm, ET, along with the British Retail Consortium Shop Price Index of changes in prices of goods, also at 7:00 pm, ET.
A spotlight event- the Australian GDP- Gross Domestic Product, the main measure of economic activity and growth, will wrap up the day at 7:30 pm, ET.
Wednesday, Mar. 3 will begin with two notable releases- the Euro-zone Services PMI- Purchasing Managers' Index, at 4:00 am, ET, and the U.K. Services PMI- Purchasing Managers' Index, a leading indicator of economic conditions measuring the activity of purchasing managers in the services sector, at 4:30 am, ET.
More European news will bring the Euro-zone Retail Sales, an important measure of consumer spending, at 5:00 am, ET.
The U.S. economic reports will begin with a spotlight event- the ADP-Automatic Data Processing Employment Report, an important gauge of labor market conditions in the private sector of the economy, at 8:15 am, ET.
Another spotlight event- the U.S. ISM Non-Manufacturing Index of economic activity in the services industries: agriculture, mining, construction, transportation, communications, wholesale trade and retail trade, will come at 10:00 am, ET, followed by the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The sequence of spotlight events will continue with the release of 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.
The day will conclude with the Japanese Capital Spending, a measure of business investments and expenditures, at 6:50 pm, ET, and the Australian Trade Balance of the difference between imports and exports, at 7:30 pm, ET.
Thursday, Mar. 4 will begin with a sequence of spotlight events starting with the Euro-zone GDP- Gross Domestic Product, the main measure of economic activity and growth, at 5:00 am, ET.
Two of the main spotlight events of the week will follow- the Bank of England Interest Rate Announcement, at 7:00 am, ET, and the European Central Bank Interest Rate Announcement, at 7:45 am, ET.
Another significant 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, expected around 8:30 am, ET. The language of his statement will be closely watched for any hints of future changes in the ECB’s monetary policy.
The Canadian Building Permits, a leading indicator of housing market conditions, will come at 8:30 am, ET.
The U.S. economic reports will begin with the weekly Jobless Claims, a gauge of labor market conditions measuring new unemployment claims, at 8:30 am, ET, along with the U.S. Non-farm Productivity and Labor Costs Index, measuring the growth of labor efficiency and price changes in labor costs, also at 8:30 am, ET.
A notable Canadian economic data will bring the Canadian Ivey PMI-Purchasing Managers' Index, a leading indicator of economic conditions measuring the activity of purchasing managers in all sectors of the economy, at 10:00 am, ET,
The U.S. economic reports will continue with the U.S. Factory Orders, a leading indicator of economic activity measuring orders placed with domestic manufacturers, at 10:00 am, ET, and the U.S. EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET.
The day will conclude with the Australian Construction PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the construction sector, at 5:30 pm, ET.
Friday, Mar. 5 will start with a notable report- the U.K. Input and Output PPI- Producers Price Indexes, the main measures of wholesale inflation experienced by manufacturers and leading indicators of consumer inflation, at 4:30 am, ET.
The German Factory Orders, a leading indicator of economic activity measuring orders placed with manufacturers, will follow at 6:00 am, ET.
The busy first trading week of the month will conclude with its main spotlight economic event- the U.S. Non-Farm Payrolls and Employment Situation Report, one of the most important indicators of economic health, measuring the number of new jobs created, scheduled at 8:30 am, ET, along with the U.S. Unemployment Rate and Average Hourly Earnings, also at 8:30 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, Feb. 28 will begin the trading session with a series of significant economic releases from “down under”, starting with the Australian Manufacturing PMI-Purchasing Managers' Index, a leading indicator of economic conditions measuring the activity level of purchasing managers in the manufacturing sector, at 5:30 pm, ET.
Another notable report- the Australian TD Securities Melbourne Institute Inflation Gauge, a measure of consumer inflation used as a leading monthly indicator of the quarterly-issued Consumer Price Index, will be released at 6:30 pm, ET, followed by the Australian Current Account of goods, services and transfer of payments into and out of the country, at 7:30 pm, ET.
Monday, Mar. 1 will start with the Swiss Composite PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the manufacturing and service sectors, at 3:30 am, ET.
Two important releases will follow with the Euro-zone Manufacturing PMI-Purchasing Managers' Index, a leading indicator of economic conditions measuring the activity level of purchasing managers in the manufacturing sector, at 4:00 am, ET, and the U.K. Manufacturing PMI-Purchasing Managers' Index, at 4:30 am, ET.
The sequence of notable U.K. reports will continue with Bank of England’s Mortgage Approvals Report, a leading indicator of housing market activity measuring newly issued home loans, at 4:30 am, ET, along with the U.K. Net Lending to Individuals, a gauge of consumer credit conditions, also at 4:30 am, ET.
The Euro-zone Unemployment Rate, an important measure of labor market trends and conditions, will hit the newswires at 5:00 am, ET.
The U.S. economic data will bring the first spotlight event of the week- the U.S. Personal Income and Outlays, a measure of the income received and purchases made by consumers, released along with the Personal Consumption and Expenditures Deflator- a leading indicator of inflation preferred by the Fed because it measures a variable basket of goods and services, as opposed to the CPI-Consumer Price Index which measures a fixed basket of goods and services, scheduled at 8:30 am, ET.
News from Canada will deliver a spotlight event with the release of the Canadian GDP- Gross Domestic Product, the main measure of economic activity and growth, at 8:30 am, ET.
Another spotlight event- the U.S. ISM Manufacturing Index, a leading indicator of industrial activity, where a reading above or below 50 is the dividing line between economic expansion and contraction, will be come at 10:00 am, ET, along with the U.S. Construction Spending, also at 10:00 am, ET.
The evening reports will begin with the Japanese Unemployment Rate and Household Spending, two measures of labor market conditions and household expenditures, both scheduled at 6:30 pm, ET.
The Australian Retail Sales, an important measure of consumer spending, will follow at 7:30 pm, ET, along with the Australian Building Approvals, a leading indicator of housing market activity, also at 7:30 pm, ET.
The day will end with one of the main spotlight events of the week- the Reserve Bank of Australia Interest Rate Announcement, at 10:30 pm, ET.
Tuesday, Mar. 2 will start with a spotlight event- the Swiss GDP- Gross Domestic Product, the main measure of economic activity and growth, at 1:45 am, ET, followed by the U.K. Construction PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the construction sector, at 4:30 am, ET.
A spotlight event from the Euro-zone will bring the preliminary flash estimate of 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, along with the Euro-zone PPI- Producer Price Index, the main measure of wholesale inflation experienced by manufacturers and a leading indicator of consumer inflation, at 5:00 am, ET.
One of the main spotlight events of the week- the Bank of Canada Interest Rate Announcement will come at 9:00 am, ET.
The day will conclude with a series of important economic reports, beginning with the Australian Services PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the services sector, at 5:30 pm, ET.
The U.K. Nationwide Consumer Confidence Index, a survey of consumers’ financial conditions and outlook on the economy, will follow at 7:00 pm, ET, along with the British Retail Consortium Shop Price Index of changes in prices of goods, also at 7:00 pm, ET.
A spotlight event- the Australian GDP- Gross Domestic Product, the main measure of economic activity and growth, will wrap up the day at 7:30 pm, ET.
Wednesday, Mar. 3 will begin with two notable releases- the Euro-zone Services PMI- Purchasing Managers' Index, at 4:00 am, ET, and the U.K. Services PMI- Purchasing Managers' Index, a leading indicator of economic conditions measuring the activity of purchasing managers in the services sector, at 4:30 am, ET.
More European news will bring the Euro-zone Retail Sales, an important measure of consumer spending, at 5:00 am, ET.
The U.S. economic reports will begin with a spotlight event- the ADP-Automatic Data Processing Employment Report, an important gauge of labor market conditions in the private sector of the economy, at 8:15 am, ET.
Another spotlight event- the U.S. ISM Non-Manufacturing Index of economic activity in the services industries: agriculture, mining, construction, transportation, communications, wholesale trade and retail trade, will come at 10:00 am, ET, followed by the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.
The sequence of spotlight events will continue with the release of 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.
The day will conclude with the Japanese Capital Spending, a measure of business investments and expenditures, at 6:50 pm, ET, and the Australian Trade Balance of the difference between imports and exports, at 7:30 pm, ET.
Thursday, Mar. 4 will begin with a sequence of spotlight events starting with the Euro-zone GDP- Gross Domestic Product, the main measure of economic activity and growth, at 5:00 am, ET.
Two of the main spotlight events of the week will follow- the Bank of England Interest Rate Announcement, at 7:00 am, ET, and the European Central Bank Interest Rate Announcement, at 7:45 am, ET.
Another significant 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, expected around 8:30 am, ET. The language of his statement will be closely watched for any hints of future changes in the ECB’s monetary policy.
The Canadian Building Permits, a leading indicator of housing market conditions, will come at 8:30 am, ET.
The U.S. economic reports will begin with the weekly Jobless Claims, a gauge of labor market conditions measuring new unemployment claims, at 8:30 am, ET, along with the U.S. Non-farm Productivity and Labor Costs Index, measuring the growth of labor efficiency and price changes in labor costs, also at 8:30 am, ET.
A notable Canadian economic data will bring the Canadian Ivey PMI-Purchasing Managers' Index, a leading indicator of economic conditions measuring the activity of purchasing managers in all sectors of the economy, at 10:00 am, ET,
The U.S. economic reports will continue with the U.S. Factory Orders, a leading indicator of economic activity measuring orders placed with domestic manufacturers, at 10:00 am, ET, and the U.S. EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET.
The day will conclude with the Australian Construction PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the construction sector, at 5:30 pm, ET.
Friday, Mar. 5 will start with a notable report- the U.K. Input and Output PPI- Producers Price Indexes, the main measures of wholesale inflation experienced by manufacturers and leading indicators of consumer inflation, at 4:30 am, ET.
The German Factory Orders, a leading indicator of economic activity measuring orders placed with manufacturers, will follow at 6:00 am, ET.
The busy first trading week of the month will conclude with its main spotlight economic event- the U.S. Non-Farm Payrolls and Employment Situation Report, one of the most important indicators of economic health, measuring the number of new jobs created, scheduled at 8:30 am, ET, along with the U.S. Unemployment Rate and Average Hourly Earnings, also at 8:30 am, ET.
