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Economic calendar

22 March 2010, Monday

	Currency	Value	Event	Prev.	Real
23:00	JPY	common/calendar/impacts/	Vernal Equinox Day Observed
Banks will be closed due to the observed Vernal Equinox Day bank holiday.
23:30	AUD	low	New Motor Vehicle Sales (YoY)	17.2%	17.1%
The New Motor Vehicle Sales released by the Australian Bureau of Statistics measures motor vehicle sales in Australia. It is considered as an indicator for consumer confidence. It is worth noting that motor vehicle sales are a small component of the overall Australian economy. Generally speaking, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).
23:30	AUD	low	New Motor Vehicle Sales (MoM)	-3.5%	-1.9%
The New Motor Vehicle Sales released by the Australian Bureau of Statistics measures motor vehicle sales in Australia. It is considered as an indicator for consumer confidence. It is worth noting that motor vehicle sales are a small component of the overall Australian economy. Generally speaking, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).
06:00	JPY	low	Convenience Store Sales (YoY)	-5.5%
Convenience Store Sales
14:30	EUR	average	ECB Trichet's Speech
The European Central Bank's president Jean Claude Trichet was born in 1942, Paris. He graduated from the University of Paris in the facility of economics. In 2003 he became the president of the European Central Bank. He gives a press conference as to how the ECB observes the current European economy and the value of EUR. His comments may determine a short-term positive or negative trend. Generally speaking, if he shows a hawkish outlook, that is generally seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).
14:30	GBP	average	BoE's Governor King Speech
The BoE Chairman Mervyn King was born in 1948. He graduated from King’s College, Cambridge, and Harvard. He gives a press conference as to how the BoE observes the current UK economy and the value of the GBP. His comments may determine a short-term positive or negative trend. If he shows a hawkish outlook, that is seen as positive (or bullish) for the GBP, while a dovish is seen as negative (or bearish).
19:30	USD	average	Treasury's Geithner Speech
Timothy Geithner became the 75th Secretary of the US Department of Treasury in 2009. He gives a press conference as to how the Treasury Secretary observes the current US economy. His comments may determine a short-term positive or negative trend. Normally, if he shows a hawkish outlook, that is seen as positive (or bullish) for the USD, while a dovish is seen as negative (or bearish).
22:50	JPY	average	BoJ Minutes
The Bank of Japan publishes a study of economic movements in Japan. It indicates a sign of new fiscal policy. Any changes in this report tend to affect the JPY volatility. If the BoJ minutes show a hawkish outlook, that is seen as positive (or bullish) for the JPY.

23 March 2010, Tuesday

	Currency	Value	Event	Prev.	Forecast	Real
08:30	GBP	low	BBA Mortgage Approvals	35.2K	34.3K	35.2K
The Mortgage Approvals published by the British Bankers' Association (BBA) measure the number of home loans issued by the BBA during the previous quarter. It is considered as a leading indicator of the UK Housing Market. A Mortgage growth represents a healthy housing market that stimulates the overall UK economy. Normally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish).
08:30	GBP	low	Retail Price Index (MoM)		0.7%	0.6%
Retail Price Index released by the National Statistics is a statistical measure of a weighted average of prices of a specified set of goods and services purchased by consumers. It is widely considered as a key measure of inflation that indicates an accurate reflection of the cost of living. Normally, a high reading is seen as positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).
08:30	GBP	high	Consumer Price Index (YoY)	3.5%	3.1%	3%
The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).
08:30	GBP	low	Core Consumer Price Index (YoY)	3.1%	3%	2.9%
The Core Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. "Core" excludes seasonally volatile products such as food and energy in order to capture an accurate calculation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).
08:30	GBP	low	Retail Price Index (YoY)	3.7%	3.7%	3.7%
Retail Price Index released by the National Statistics is a statistical measure of a weighted average of prices of a specified set of goods and services purchased by consumers. It is widely considered as a key measure of inflation that indicates an accurate reflection of the cost of living. Normally, a high reading is seen as positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).
08:30	GBP	high	Consumer Price Index (MoM)	-0.2%	0.5%	0.4%
The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends.Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).
10:00	GBP	low	CBI Distributive Trades Survey - Realized (MoM)	23	20	13
The CBI Distributive Trades Survey released by the Confederation of British Industry is an indicator of short-term trends in the UK retail and wholesale distribution sector. This survey tend to have an impact on the formulation of economic policy at the Bank of England and within Government. A high reading is seen as positive, or bullish for the GBP, while a low reading is seen as negative, or bearish.
11:30	CAD	low	Leading Indicators (MoM)	0.7%	0.8%	0.8%
The Leading Indicators released by the Statistics Canada measures future trends of the overall economic activity including employment, average manufacturing workweek, initial claims, permits for new housing construction, stock prices and yield curve. It is considered as a measure for economic stability in Canada. Generally, a high reading is seen as positive (or bullish) for the CAD, whereas a low reading is seen as negative (or bearish).
13:00	USD	average	Existing Home Sales	5.05M	5M	5.02M
The Existing Home Sales, released by the National Association of Realtors provide an estimated value of housing market conditions. As the housing market is considered as a sensitive factor to the US economy, it generates some volatility for the USD. Generally speaking, a high reading is positive for the Dollar, while a low reading is negative.
13:00	USD	average	Treasury's Geithner Speech
Timothy Geithner became the 75th Secretary of the US Department of Treasury in 2009. He gives a press conference as to how the Treasury Secretary observes the current US economy. His comments may determine a short-term positive or negative trend. Normally, if he shows a hawkish outlook, that is seen as positive (or bullish) for the USD, while a dovish is seen as negative (or bearish).
13:00	USD	average	Richmond Fed Manufacturing Index	2	3	6
The survey including information on shipments, new orders, order backlogs, and inventories conducted by Federal Reserve Bank of Richmond provides information on current activity in the manufacturing sector (mailing 220 business organizations). The industry inflation can been seen from the survey. Generally speaking, a high reading appreciates (or is bullish for) the USD, whereas a low reading is seen as negative (or bearish for) the USD.
13:00	USD	average	Existing Home Sales (MoM)	-7.2%	-1.4%	-0.6%
The Existing Home Sales, released by the National Association of Realtors, provide an estimated value of housing market conditions. As the housing market is considered as a sensitive factor to the US economy, it generates some volatility for the USD. Generally speaking, a high reading is positive for the Dollar, while a low reading is negative.
14:00	USD	low	Housing Price Index (MoM)	-2%	-0.9%	-0.6%
The Housing Price Index released by the Office of Federal Reserve Housing Enterprise Oversight provides an estimated value of housing market conditions. It is an important indicator as the housing market is considered as a sensitive factor to the US economy. A high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
20:30	USD	low	API Crude Oil Inventories	0.403		7.514
API Crude Oil Inventories released by the API is a measure of change in crude oil storage. This report indicates the oil demand and the price volatility. As the oil prices have an impact on worldwide economy, some volatility for the currencies is expected, specially for the CAD. We usually have to take into account that Canada is the world's fourteenth largest producer of oil so a strong oil demand appreciates, or is bullish for the CAD.
20:45	NZD	low	Current Account	-1.413B	-1.6B	-3.57B
The Current Account released by the Statistics New Zealand is a net flow of current transactions, including goods, services, and interest payments into and out of New Zealand. A current account surplus indicates that the flow of capital into New Zealand exceeds the capital reduction. Normally, a high reading is seen as positive (or Bullish) for the NZD, whereas a low reading is seen as negative (or Bearish).
21:00	USD	low	ABC/Washington Post Consumer Confidence	-43		-44
The ABC/Washington Post Consumer Confidence released by ABC News and the Washington Post captures the level of confidence that individuals have in economic activity reflecting respondents' evaluations of their personal financial situation. Generally, a high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. A high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

24 March 2010, Wednesday

	Currency	Value	Event	Prev.	Forecast	Real
23:00	CAD	common/calendar/impacts/	Victoria Day
Banks will be closed due to Victoria Day bank holiday.
00:00	NZD	average	Westpac Consumer Confidence	106
The Westpac Consumer Confidence released by the Westpac New Zealand Limited captures the level of confidence that individuals have in economic activity reflecting respondents' evaluations of their personal financial situation . A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Generally speaking, a high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative (or bearish).
04:00	JPY	low	Nationwide Department Sales (YoY)	-5%
The Nationwide Department Sales released by the Japan Department Store Association measures the value of goods sold by major department stores in Japan. The Department Store Sales indicates the levels of consumer confidence and growth in the Japanese economy. Generally, a high reading is seen as positive (or bullish) for the JPY, while a low reading is seen as negative (or bearish).
04:00	JPY	low	Tokyo Department Store Sales (YoY)	-5.8%
The Tokyo Department Sales released by the Japan Department Store Association measures the value of goods sold by major department stores in Tokyo. The Department Store Sales indicates the levels of consumer confidence and growth in the Japanese economy.Generally speaking, a high reading is seen as positive (or bullish) for the JPY, while a low reading is seen as negative (or bearish).
07:30	EUR	low	Purchasing Manager Index Services	51.9	52.2	54.7
The Services PMI released by the Markit Economics interviews German executives on the status of sales, employment, and their outlook. Because the performance of the German service sector is extremely consistent over time, services does not impact final GDP figures as much as the more volatile figure on the manufacturing sector. Any reading above 50 signals expansion, while a reading under 50 shows contraction.
07:30	EUR	average	Purchasing Manager Index Manufacturing	57.2	57	59.6
The Manufacturing Purchasing Managers Index (PMI) released by the Markit economics captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in Germany. Normally, a result above 50 signals is bullish for the EUR, whereas a result below 50 is seen as bearish.
08:00	EUR	low	Purchasing Manager Index Manufacturing	54.2	54.2	56.3
The Manufacturing Purchasing Managers Index (PMI) released by the Markit Economics captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in the Euro Zone. A result above 50 signals is bullish for the EUR, whereas a result below 50 is seen as bearish.
08:00	EUR	low	Purchasing Manager Index Services	51.8	52	53.7
The PMI service released by the Markit Economics is an indicator of the economic situation in the Euro Zone services sector. It captures an overview of the condition of sales and employment. It is worth noting that the European service sector does not influence, either positively or negatively, the GDP as much as the PMI manufacturing does. Any reading above 50 signals expansion, while a reading under 50 shows contraction.
08:00	EUR	high	IFO - Business Climate	95.2	95.8	98.1
This German business sentiment index released by the CESifo Group is closely watched as an early indicator of current conditions and business expectations in Germany. The Institute surveys more than 7,000 enterprises on their assessment of the business situation and their short-term planning. The positive economic growth anticipates bullish movements for the EUR, while a low reading is seen as negative (or bearish).
08:00	EUR	average	IFO - Current Assessment	89.8	91	94.4
The IFO Current Assessment released by the CESifo Group is closely watched as an indicator of current conditions and business expectations in Germany. The Institute surveys more than 7,000 enterprises on their assessment of the business situation and their short-term planning. The positive economic growth anticipates bullish movements for the EUR, while a low reading is seen as negative (or bearish).
08:00	EUR	average	IFO - Expectations	100.9	100.9	101.9
The IFO Expectations released by the CESifo Group is closely watched as an early indicator of current conditions and business expectations for the next six months, where firms rate the future outlook as better, same, or worse. An optimistic view of those 7,000 business leaders and senior managers is considered as positive, or bullish for the EUR, whereas a pessimistic view is considered as negative, or bearish.
09:00	EUR	low	Industrial New Orders s.a. (MoM)	0.8%	2.1%	-2%
The Industrial new orders released by the Eurostat captures the value of new contracts for goods in the manufacturing sector. An increasing number of Industrial New Orders predicts enhanced production and a growth in the GDP. A high reading is seen as positive, or bullish, for the EUR, while a low reading is seen as negative, or bearish.
09:00	EUR	low	Industrial New Orders (YoY)	9.5%	13.9%	7%
The Industrial new orders released by the Eurostat captures the value of new contracts for goods in the manufacturing sector. An increasing number of Industrial New Orders predicts enhanced production and a growth in the GDP. A high reading is seen as positive, or bullish, for the EUR, while a low reading is seen as negative, or bearish.
11:30	GBP	high	Pre-Budget Report
The Treasury Chancellor presents the economic forecast for next year, containing details about GDP growth estimates, spending and borrowing forecasts as well as fiscal stimulus.
11:30	USD	average	Durable Goods Orders	3.9%	0.9%	0.5%
The Durable Goods Orders, released by the US Census Bureau, measures the cost of orders received by manufacturers for durable goods, which means goods planned to last for three years or more, such as motor vehicles and appliances. As those durable products often involve large investments they are sensitive to the US economic situation. The final figure shows the state of US production activity. A high reading is bullish for the USD.
11:30	USD	average	Durable Goods Orders ex Transportation	-0.6%	0.6%	0.9%
The Durable Goods Orders measures, released by the US Census Bureau, the cost of orders received by manufacturers for durable goods, which means goods planned to last for three years or more, excluding the transport sector. As those durable products often involve large investments they are sensitive to the US economic situation. A high reading is bullish for the USD, while a low reading is seen as Bearish.
12:00	USD	low	MBA Mortgage Applications	-1.9%		-4.2%
The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered as a leading indicator of the U.S Housing Market. A Mortgage growth represents a healthy housing market that stimulates the overall US economy. Thus, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
13:00	USD	average	New Home Sales	309K	315K	308K
The number of New Home Sales released by the US Census Bureau is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods, services and the employees is stimulated. A high reading is seen as bullish for the USD, whereas a low reading is seen as bearish.
13:00	USD	average	New Home Sales (MoM)	-11.2%	1.9%	-2.2%
The number of New Home sales released by the US Census Bureau is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods, services and the employees is stimulated. A high reading is seen as bullish for the USD, whereas a low reading is seen as bearish.
13:30	USD	low	EIA Crude Oil Stocks change	1M	1.3M	7.3M
EIA Crude Oil Stock is a measure of change in crude oil storage and it's released by the Energy Information Administration. This report indicates the oil demand and the price volatility. As the oil prices have an impact on worldwide economy, some volatility for the currencies, specially for the CAD is expected. We have to take into account that Canada is the world's fourteenth largest producer of oil so a strong oil demand appreciates, or is bullish for the CAD.
20:45	NZD	high	Gross Domestic Product (YoY)	-1.3%	0.4%	0.4%
The Gross Domestic Product released by the Statistics New Zealand is a measure of the total value of all goods and services produced by New Zealand. The GDP is considered as a broad measure of New Zealand economic activity and health. A rising trend has a positive effect on the NZD, while a falling trend is seen as negative (or bearish) for the NZD.
20:45	NZD	high	Gross Domestic Product (QoQ)	0.2%	0.8%	0.8%
The Gross Domestic Product released by the Statistics New Zealand is a measure of the total value of all goods and services produced by New Zealand. The GDP is considered as a broad measure of New Zealand economic activity and health. A rising trend has a positive effect on the NZD, while a falling trend is seen as negative (or bearish) for the NZD.
22:50	JPY	low	Merchandise Trade Balance Total	¥85.20	¥560B	¥651B
The Merchandise Trade Balance Total released by the Ministry of Finance is a measure of balance amount between import and export. A positive value shows a trade surplus while a negative value shows a trade deficit. Japan is so much dependant on exports that the Japanese economy heavily relies on a trade surplus. Therefore, any variation in the figures influences the domestic economy. If a steady demand in exchange for Japanese exports is seen, that would turn into a positive.
22:50	JPY	low	Corporate Service Price (YoY)	-1.2%	-1.1%	-1.3%
The Corporate Service Price Index (CSPI) released by the Bank of Japan measures the prices of services traded among companies. It presents price developments that reflect most sensitively the supply and demand conditions in the services market. It is also considered as an indicator for inflationary pressures. A high reading is seen as positive (or bullish) for the JPY, while a low reading is seen as negative (or bearish).
22:50	JPY	low	Adjusted Merchandise Trade Balance	¥728.4	¥390B	¥470.5
The Adjusted Merchandise Trade Balance is released by the Ministry of Finance and it's a seasonal measure of balance amount between import and export. A positive value shows a trade surplus while a negative value shows a trade deficit. Japan is so much dependant on exports. A high reading is positive for the JPY, while a low reading is seen as negative (or bearish).

25 March 2010, Thursday

	Currency	Value	Event	Prev.	Forecast	Real
23:00	EUR	high	EU Economic Summit
European Union Prime Ministers and Presidents meet to discuss an action plan for the Greek debt case.
06:00	EUR	average	Gfk Consumer Confidence Survey	3.2	3.1	3.2
The GfK Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. A high reading is positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).
07:00	EUR	low	ECB Trichet's Speech
The European Central Bank's president Jean Claude Trichet was born in 1942, Paris. He graduated from the University of Paris in the facility of economics. In 2003 he became the president of the European Central Bank. He gives a press conference as to how the ECB observes the current European economy and the value of EUR. His comments may determine a short-term positive or negative trend. Generally speaking, if he shows a hawkish outlook, that is generally seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).
08:00	EUR	low	M3 (YoY)	0.1%	-0.1%	-0.4%
M3 is a measure of money supply that is released by the European Central Bank. It calculates all currency in circulation, bank deposits, repurchase agreements, debt securities up to 2 years and the value of money market shares. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rate. An acceleration of the M3 money is considered as positive, or bullish for the EUR, whereas a decline
08:30	GBP	high	Retail Sales (YoY)	0.8%	2.9%	3.5%
The retail Sales released by the National Statistics measures the total receipts of retail stores. Monthly percent changes reflect the rate of changes of such sales. Changes in Retail Sales are widely followed as an indicator of consumer spending. A high reading is seen as positive, or bullish for the GBP, while a low reading is seen as negative or bearish.
08:30	GBP	high	Retail Sales (MoM)	-3%	0.6%	2.1%
The retail Sales released by the National Statistics measures the total receipts of retail stores. Monthly percent changes reflect the rate of changes of such sales. Changes in Retail Sales are widely followed as an indicator of consumer spending. A high reading is seen as positive, or bullish for the GBP, while a low reading is seen as negative or bearish.
11:30	USD	average	Initial Jobless Claims	456K	454K	442K
The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy. Generally speaking, a decreasing number should be taken as positive or bullish for the USD.
11:30	USD	low	Continuing Jobless Claims	4702K	4562K	4648K
The Counting Jobless Claims released by the US Department of Labor measure the number of individuals who are unemployed and are currently receiving unemployment benefits. It presents the strength in the labor market. A rise in this indicator has negative implications for consumer spending which discourage economic growth. Generally speaking, a high reading is seen as negative, or bearish for the USD, while a low reading is seen as positive, or bullish.
14:00	USD	high	Fed's Bernanke testifies
The fed Governor Ben Shalom Bernanke gives a press conference as to how the Fed observes the current U.S. economy and the value of USD. His comments may influence the volatility of USD and determine a short-term positive or negative trend. His hawkish view is considered as positive, or bullish for the USD, whereas his dovish view is considered as negative, or bearish for the Dollar.
14:00	-	common/calendar/impacts/	SARB Interest Rate Decision	7%		6.5%
The SARB Interest Rate Decision is announced by the South African Reserve Bank. If the SARB is hawkish about the inflationary outlook of the South African economy and rises the interest rates it is positive, or bullish, for the ZAR. Likewise, if the SARB has a dovish view on the economy and keeps the ongoing interest rate, or cuts the interest rate, it is seen as negative, or bearish.
16:30	USD	low	Treasury's Geithner Speech
Timothy Geithner became the 75th Secretary of the US Department of Treasury in 2009. He gives a press conference as to how the Treasury Secretary observes the current US economy. His comments may determine a short-term positive or negative trend. Normally, if he shows a hawkish outlook, that is seen as positive (or bullish) for the USD, while a dovish is seen as negative (or bearish).
21:15	AUD	low	RBA's Governor Glenn Stevens Speech
The RBA Governor Glenn Stevens was born in 1958. He graduated from the University of Sydney. In 2006 he became Governor of the Reserve Bank of Australia. He gives a press conference as to how the RBA observes the current Australian economy and the value of AUD. His comments may determine a short-term positive or negative trend.
21:45	NZD	average	Trade Balance	263M	242M	321M
The Trade Balance released by the Statistics New Zealand is a measure of balance amount between import and export. A positive value shows a trade surplus while a negative value shows a trade deficit. Any variation in the figures influences the domestic economy. If a steady demand in exchange for exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the NZD.
22:00	AUD	low	Conference Board Australia Leading Index	0.6%		-0.2%
The Conference Board Australia leading Index released by the Conference Board measures future trends of the overall economic activity including employment, average manufacturing workweek, initial claims, permits for new housing construction, stock prices and yield curve. It forecasts short to mid-term growth in the Australian economy. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).
22:30	JPY	low	National CPI Ex Food, Energy (YoY)	-1.2%	-1.2%	-1.4%
The National Consumer Price Index released by the Statistics Bureau is a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services. These volatile products such as food and energy are excluded in order to capture an accurate calculation. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. A high reading is seen as positive for the JPY.
22:30	JPY	low	Tokyo CPI ex Food, Energy (YoY)	-1.3%	-1.2%	-1.2%
The Tokyo Consumer Price Index released by the Statistics Bureau is a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services. These volatile products such as food and energy are excluded in order to capture an accurate calculation. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. A high reading is seen as positive for the JPY.
22:30	JPY	low	Tokyo CPI ex Fresh Food (YoY)	-1.8%	-1.7%	-1.8%
The Tokyo Consumer Price Index released by the Statistics Bureau is a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services, excluding fresh food. The index captures inflation in Tokyo. The purchase power of JPY is dragged down by inflation. A high reading is seen as positive for the JPY.
22:30	JPY	low	National CPI Ex-Fresh Food (YoY)	-1.3%	-1.2%	-1.2%
The National Consumer Price Index is released by the Statistics Bureau and it's a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services excluding fresh food. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. A high reading is seen as positive for the JPY.
22:30	JPY	low	Tokyo Consumer Price Index (YoY)	-1.8%	-1.7%	-1.8%
The Tokyo Consumer Price Index is released by the Statistics Bureau and it's a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services. The index captures inflation in Tokyo. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. A high reading is seen as positive.
22:30	JPY	average	National Consumer Price Index (YoY)	-1.2%	-1.1%	-1.2%
The National Consumer Price Index is released by the Statistics Bureau and it's a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. A high reading is seen as positive for the JPY.

26 March 2010, Friday

	Currency	Value	Event	Prev.	Forecast	Real
23:00	EUR	high	EU Economic Summit
European Union Prime Ministers and Presidents meet to discuss an action plan for the Greek debt case.
08:30	GBP	low	Total Business Investment (YoY)	-19.9%	-24.1%	-23.5%
The Total Business Investment released by the National Statistics presents the total amount of capital expenditures made by private firms. A large business investment is indicative of overall growth and demand in the UK economy. A high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).
08:30	GBP	low	Total Business Investment (QoQ)	-0.6%	-5.6%	-4.3%
The Total Business Investment released by the National Statistics presents the total amount of capital expenditures made by private firms. A large business investment is indicative of overall growth and demand in the UK economy. A high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).
12:30	USD	average	Gross Domestic Purchases Price Index	1.3%	0.9%	0.5%
The GDP Price Index released by the Bureau of Economic Analysis, Department of Commerce gauges the change in the prices of goods and services. Changes in the GDP price index are followed as an indicator of inflationary pressure that may anticipate interest rates to rise. A high reading is seen as positive, or bullish for the USD, while a low reading is seen as negative, or bearish.
12:30	USD	high	Gross Domestic Product Annualized	2.2%	5.9%	5.6%
The Gross Domestic Product annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. It is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.
12:30	USD	average	Real Personal Consumption Expenditures (QoQ)	2.8%		1.6%
The Real Personal Consumption Expenditure released by the US Bureau of Economic Analysis is an average of the amount of money the consumers spend in a month on durable goods, consumer products, and services.. It is considered as an important indicator of inflation. A high reading is bullish for the USD, while a low reading is bearish.
12:55	USD	average	Reuters/Michigan Consumer Sentiment Index	73.6	73	73.6
The Reuters/Michigan Consumer Sentiment Index released by the Reuters/University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
15:00	EUR	average	ECB Trichet's Speech
The European Central Bank's president Jean Claude Trichet was born in 1942, Paris. He graduated from the University of Paris in the facility of economics. In 2003 he became the president of the European Central Bank. He gives a press conference as to how the ECB observes the current European economy and the value of EUR. His comments may determine a short-term positive or negative trend. Generally speaking, if he shows a hawkish outlook, that is generally seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).

28 March 2010, Sunday

	Currency	Value	Event	Prev.	Forecast	Real
22:50	JPY	low	Large Retailer's Sales	-5.7%	-5.5%	-4%
The Large Retailers' Sales released by the Ministry of Economy, Trade and Industry" captures the total value of goods sold in large stores, chain convenience stores, and supermarkets. It indicates the level of consumption and consumer confidence. A high level of Large Retailers´ Sales stimulates economic expansion while a low level drives to economic downturn. A high reading is positive for the JPY, while a low reading is bearish.
22:50	JPY	average	Retail Trade s.a (MoM)	2%	-1.2%	0.9%
The Retail Trade released by the Ministry of Economy, Trade and Industry captures the aggregate sales made through a business location (usually a store) in which the principal activity is the sale of merchandise and related services to the general public, for household or personal consumption. Consumer spending is a key important indicator for the Japanese economy. A high reading is positive for the JPY, while a low reading is negative.
22:50	JPY	average	Retail Trade (YoY)	2.3%	1.6%	4.2%
The Retail Trade released by the Ministry of Economy, Trade and Industry captures the aggregate sales made through a business location (usually a store) in which the principal activity is the sale of merchandise and related services to the general public, for household or personal consumption. Consumer spending is a key important indicator for the Japanese economy. A high reading is positive for the JPY, while a low reading is negative.