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Economic calendar

28 December 2009, Monday

29 December 2009, Tuesday

	Currency	Value	Event	Prev.	Forecast	Real
06:00	CHF	average	UBS Consumption Indicator	0.88		1.28
Measures: Level of a composite index based on 5 consumer-based economic indicators; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 28 days after the month ends; Next Release: Jan 26, 2010 FF Notes: Source first released in Jun 2005 and changed the series calculation formula as of Feb 2006; Derived Via: Combined reading of 5 economic indicators including consumer confidence, consumer spending, tourism, new car sales, and retail activity;
08:30	GBP	low	Housing Equity Withdrawal q/q	-6.9B	-6.3B	-4.9B
Measures: Change in the total value of new home-secured loans that are not used for home purchases or improvements; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released quarterly, about 90 days after the quarter ends; Next Release: Apr 2, 2010 Also Called: Mortgage Equity Withdrawal;
13:00	USD	average	S&P/CS Composite-20 HPI y/y	-9.3%	-7.1%	-7.3%
Measures: Change in the selling price of single-family homes in 20 metropolitan areas; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 60 days after the month ends; Next Release: Jan 26, 2010 FF Notes: Source first released in Dec 2006; Why Traders Care: It's a leading indicator of the housing industry's health because rising house prices attract investors and spur industry activity; Acro Expand: Standard & Poor's (S&P), Case-Shiller (CS), House Price Index (HPI);
14:00	USD	high	CB Consumer Confidence	50.6	53.0	52.9
Measures: Level of a composite index based on surveyed households; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the last Tuesday of the current month; Next Release: Jan 26, 2010 Why Traders Care: Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity; Derived Via: Survey of about 5,000 households which asks respondents to rate the relative level of current and future economic conditions including labor availability, business conditions, and overall economic situation; Acro Expand: The Conference Board (CB);
22:15	JPY	low	Manufacturing PMI	52.3		53.8
Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the last business day of the current month; Next Release: Jan 29, 2010 FF Notes: Above 50.0 indicates industry expansion, below indicates contraction. Full reports are only available to journalists registered with Markit; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; Derived Via: Survey of about 300 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Also Called: Nomura/JMMA Manufacturing PMI; Acro Expand: Purchasing Managers' Index (PMI);

30 December 2009, Wednesday

	Currency	Value	Event	Prev.	Forecast	Real
08:00	EUR	low	Private Loans y/y	-0.8%	-0.8%	-0.7%
Measures: Change in the total value of new loans issued to consumers and businesses in the private sector; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 28 days after the month ends; Next Release: Jan 29, 2010 FF Notes: Source first released in Aug 2003; Why Traders Care: Borrowing and spending are positively correlated - consumers and businesses tend to seek credit when they are confident in their future financial position and feel comfortable spending money;
08:00	EUR	average	M3 Money Supply y/y	0.3%	0.4%	-0.2%
Measures: Change in the total quantity of domestic currency in circulation and deposited in banks; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 28 days after the month ends; Next Release: Jan 29, 2010 FF Notes: Source changed series calculation formula as of May 2001; Why Traders Care: It's positively correlated with interest rates - early in the economic cycle an increasing supply of money leads to additional spending and investment, and later in the cycle expanding money supply leads to inflation;
09:30	CHF	high	KOF Economic Barometer	1.62	1.73	1.68
Measures: Level of a composite index based on 12 economic indicators; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, around the end of the current month; Next Release: Jan 29, 2010 FF Notes: This index is designed to predict the direction of the economy over the following 6 months. The impact tends to be significant but varies from month to month. Source changed series calculation formula as of April 2006; Derived Via: Combined reading of 12 economic indicators related to banking confidence, production, new orders, consumer confidence and housing; Also Called: KOF Leading Indicators, Konjunkturbarometer;
13:45	USD	high	Chicago PMI	56.1	55.2	60.0
Measures: Level of a diffusion index based on surveyed purchasing managers in the Chicago area; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the last business day of the current month; Next Release: Jan 29, 2010 FF Notes: Data is given to Kingsbury subscribers 3 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates expansion, below indicates contraction; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; Derived Via: Survey of purchasing managers in Chicago which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Also Called: Chicago Business Barometer; Acro Expand: Purchasing Managers' Index (PMI);
14:30	USD	average	Crude Oil Inventories	-4.9M	-1.7M	-1.5M
Measures: Change in the number of barrels of crude oil held in inventory by commercial firms during the past week; Usual Effect: No consistent effect - there are both inflationary and growth implications; Frequency: Released weekly, 4 days after the week ends; Next Release: Jan 6, 2010 FF Notes: While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector; Why Traders Care: It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods; Also Called: Crude Stocks, Crude Levels; Acro Expand: Energy Information Administration (EIA);

31 December 2009, Thursday

	Currency	Value	Event	Prev.	Forecast	Real
23:30	AUD	average	Private Sector Credit m/m	-0.1%	0.1%	0.1%
Measures: Change in the total value of new credit issued to consumers and businesses; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the last business day of the following month; Next Release: Jan 29, 2010 Why Traders Care: Borrowing and spending are positively correlated - consumers and businesses tend to seek credit when they are confident in their future financial position and feel comfortable spending money;
06:00	GBP	high	Nationwide HPI m/m	0.5%	0.4%	0.4%
Measures: Change in the selling price of homes with mortgages backed by Nationwide; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, around the end of the current month; Next Release: Jan 28, 2010 FF Notes: This is the UK's second earliest report on housing inflation. The impact tends to be significant but varies from month to month; Why Traders Care: It's a leading indicator of the housing industry's health because rising house prices attract investors and spur industry activity; Also Called: Nationwide House Prices; Acro Expand: House Price Index (HPI);
08:30	GBP	average	BOE Credit Conditions Survey
Frequency: Released quarterly, about 2 days after the quarter ends; Next Release: Apr 1, 2010 FF Notes: This report includes detailed data on secured and unsecured lending to households, small businesses, non-financial corporations, and non-bank financial firms. Source first released in Sep 2007; Why Traders Care: It's correlated with spending and confidence - rising debt levels are a sign that lenders feel comfortable issuing loans, and that consumers and businesses are confident in their financial position and eager to spend money; Derived Via: Survey of bank and non-bank lenders which asks respondents to rate the relative level of credit conditions in the past 3 months and next 3 months; Acro Expand: Bank of England (BOE);
12:30	USD	high	Unemployment Claims	454K	460K	432K
Measures: The number of individuals who filed for unemployment insurance for the first time during the past week; Usual Effect: Actual < Forecast = Good for currency; Frequency: Released weekly, 5 days after the week ends; Next Release: Jan 7, 2010 FF Notes: This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes; Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor conditions; Also Called: Jobless Claims, Initial Claims;
14:30	USD	low	Natural Gas Storage	-166B	-143B	-124B
Measures: Change in the number of cubic feet of natural gas held in underground storage during the past week; Usual Effect: No consistent effect - there are both inflationary and growth implications; Frequency: Released weekly, 5 days after the week ends; Next Release: Jan 7, 2010 FF Notes: While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector; Also Called: Nat Gas Stocks, Nat Gas Inventories; Acro Expand: Energy Information Administration (EIA);

3 January 2010, Sunday

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