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Economic calendar

5 April 2010, Monday

	Currency	Value	Event	Prev.	Forecast	Real
23:00	CHF	common/calendar/impacts/	Easter Monday
Banks will be closed due to Easter Monday bank holiday.
23:00	GBP	common/calendar/impacts/	Easter Monday
Banks will be closed due to Easter Monday bank holiday.
23:00	EUR	common/calendar/impacts/	Easter Monday
Banks will be closed due to Easter Monday bank holiday.
23:00	AUD	common/calendar/impacts/	Easter Monday
Banks will be closed due to Easter Monday holiday.
23:00	CAD	common/calendar/impacts/	Eastern Monday
Banks will be closed due to Eastern Monday bank holiday.
13:00	USD	high	ISM Non-Manufacturing	53	53.3	55.4
The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector. It is worth noting that the non-manufacturing sector does not influence, either positively or negatively, the GDP as much as the ISM Manufacturing does. A result above 50 is positive (or bullish) for the USD.
13:00	USD	average	Pending Home Sales (MoM)	-7.6%	-1%	8.2%
The Pending Home Sales released by the National Association of Realtors is a leading indicator of trends of the housing market in the US It captures residential housing contract activity of existing single-family homes. 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 seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
16:30	USD	high	FOMC Policy Announcement
The term "monetary policy" refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals.

6 April 2010, Tuesday

	Currency	Value	Event	Prev.	Forecast	Real
00:30	AUD	low	ANZ Job Advertisements	19.1%		1.8%
The ANZ job advertisements released by the Australia and New Zealand Banking Group Limited (ANZ) presents the number of job advertisements in the major metropolitan newspapers and on the internet sites. It is used for forecasting employment growth in Australia as it indicates future labor market conditions.A high reading is seen as bullish (or postive) for the AUD, whereas a low reading is seen as bearish (or negative).
02:00	NZD	low	ANZ Commodity Price	3.8		1.8
ANZ Commodity Price released by the ANZ National Bank is considered as an early indicator of export price changes. The price changes influence GDP and exchange rates. An increase in prices may indicate strength of the NZD, while a decrease in prices may indicate weakness of the NZD. A high reading is seen as bullish for the NZD, whereas a low reading is seen as bearish.
03:30	AUD	high	RBA Interest Rate Decision	4%	4.25%	4.25%
RBA Interest Rate Decision is announced by the Reserve Bank of Australia. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.
04:00	JPY	low	Leading Economic Index	96.9	97.9	97.9
The Leading Economic Index released by the Cabinet Office is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. It shows the performance of the Japanese Economy over the short and mid-term. Generally speaking, a result above 50 is positive (or bullish) for the JPY, whereas a result below 50 is seen as bearish.
04:00	JPY	low	Coincident Index	100.3	100.5	100.7
The Coincident Index released by the Cabinet Office is a single summary statistic that tracks the current state of the Japanese economy. A rise in the index indicates an expansion of economic activity and a decline in the index indicates a contraction in economic activity. Generally speaking, a result that values above 50% signals appreciates (or is bullish for) the JPY, whereas a result that values below 50% is seen as negative (or bearish).
06:15	CHF	average	Consumer Price Index (MoM)	0.1%	0.1%	0.1%
The Consumer Price Index, issued by the Swiss Federal Statistical Office, measures the average price change for all goods and services purchased by households for consumption purposes. CPI is the main indicator to measure inflation and changes in purchasing trends.The purchase power of CHF is dragged down by inflation. A high reading is positive for the CHF, while a low reading is negative.
06:15	CHF	average	Consumer Price Index (YoY)	0.9%	1.4%	1.4%
The Consumer Price Index, issued by the Swiss Federal Statistical Office, measures the average price change for all goods and services purchased by households for consumption purposes. CPI is the main indicator to measure inflation and changes in purchasing trends.The purchase power of CHF is dragged down by inflation. A high reading is positive for the CHF, while a low reading is negative.
07:30	EUR	low	Sentix Investor Confidence	-7.5	-5.9	2.5
The Sentix Investor Confidence release by the Sentix GmbH shows a study of investor confidence towards the Euro-zone economy. An increasing number of investments is seen as positive prospect of the Euro-Zone economy (or bullish sentiment for the EUR), while a decreasing number is seen as negative (or bearish).
07:30	GBP	low	PMI Construction	48.5	48.8	53.1
The PMI Construction released by the Chartered Institute of Purchasing & Supply and Markit Economics shows business conditions in the UK construction sector. It is worth noting that the construction sector does not influence, either positively or negatively, the GDP as much as the Manufacturing sector does A result that values above 50 signals appreciates (or is bullish for) the GBP, whereas a result that values below 50 is seen as negative (or bearish).
19:30	USD	low	API Crude Oil Inventories	421K		-1070K
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.
20:00	USD	low	ABC/Washington Post Consumer Confidence	-45		-43
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. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
21:30	AUD	low	AiG Performance of Services Index	48.3		48.4
AiG Performance of Services Index released by the Australian Industry Group presents business conditions in the Australian service sector. The group surveys 200 manufacturers on their assessment of the business situation including employment, production, orders, prices, and inventories, and their short-term planning. A result above 50 is seen as positive (or bullish) for the AUD, whereas a result below 50 is seen as negative (or bearish).
22:01	GBP	average	Nationwide Consumer Confidence	80	81
The Nationwide Consumer Confidence captures the level of confidence that individuals have in current and future UK's economy. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. A high reading is also positive for the GBP, while a low reading is negative.
22:01	GBP	low	BRC Shop Price Index (YoY)	1.7%		1.2%
The British Retail Consortium (BRC) Shop Price Index measures price changes in the popular retail outlets in the UK. The changes in the SPI are widely followed as an indicator for inflationary pressures. A high reading is seen as positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).
22:01	GBP	low	BRC Shop Price Index (MoM)	1.7%		1.2%
The British Retail Consortium (BRC) Shop Price Index measures price changes in the popular retail outlets in the UK. The changes in the SPI are widely followed as an indicator for inflationary pressures. A high reading is seen as positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

7 April 2010, Wednesday

	Currency	Value	Event	Prev.	Forecast	Real
02:00	JPY	high	BoJ Interest Rate Decision	0.1%	0.1%	0.1%
BoJ Interest Rate Decision is announced by the Bank of Japan. Generally, if the BoJ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the JPY. Likewise, if the BoJ has a dovish view on the Japanese economy and keeps the ongoing interest rate, or cuts the interest rate it is negative, or bearish.
06:15	CHF	average	Adjusted Real Retail Sales (YoY)	4.4%	3.8%	3.1%
The Adjusted retail Sales is conducted by the Swiss Federal Statistical Office. This survey of goods sold in the last month is considered as an indicator of the Swiss Economy and it shows the performance of the retail sector over the short and mid-term. The positive economic growth anticipates "Bullish" for the CHF.
06:55	EUR	low	Purchasing Manager Index Services	51.9	54.7	54.9
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.
07:00	EUR	low	Purchasing Manager Index Services	51.8	53.7	54.1
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.
07:30	GBP	average	Purchasing Manager Index Services	58.4	58	56.5
The PMI service released by both the Chartered Institute of Purchasing & Supply and the Markit Economics is an indicator of the economic situation in the UK services sector. It captures an overview of the condition of sales and employment. It is worth noting that the UK service sector does not influence, either positively or negatively, the GDP as much as the Manufacturing PMI does. Traders want the highest possible reading as that will be taken as positive for the GBP. Any reading above 50 signals expansion, while a reading under 50 shows contraction.
07:30	GBP	low	Index of Services	0.5%	0.8%	0.6%
The Index of Services released by the National Statistics measures the monthly movements in gross value added for the service industries. It is worth noting that the UK service sector does not influence, either positively or negatively, the GDP as much as the Manufacturing sector does. Traders want the highest possible reading as that will be taken as positive for the GBP, while a low reading is negative.
08:00	EUR	average	Gross Domestic Product s.a. (QoQ)	0.4%	0.1%	0.1%
The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. A rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish ).
08:00	EUR	low	Producer Price Index (MoM)	0.7%	0.3%	0.1%
The Producer Price Index released by the Eurostat is an index that measures the change in prices received by domestic producers of commodities in all stages of processing (crude materials, intermediate materials, and finished goods). A high reading is seen positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).
08:00	EUR	average	Gross Domestic Product s.a. (YoY)	-4.1%	-2.1%	-2.1%
The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. A rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).
09:00	EUR	low	Factory Orders n.s.a. (YoY)	19.6%	21.7%	24.5%
The Factory orders released by the Bundesministerium für Wirtschaft und Technologie is an indicator that includes shipments, inventories, and new and unfilled orders. An increase in the factory order total may indicate an expansion in the German economy and could be an inflationary factor. It is worth noting that the German Factory barely influences, either positively or negatively, the total Eurozone GDP. A high reading is positive (or bearish) for the EUR, while a low reading is negative.
09:00	EUR	low	Producer Price Index (YoY)	-1%	-0.4%	-0.6%
The Producer Price Index released by the Eurostat is an index that measures the change in prices received by domestic producers of commodities in all stages of processing (crude materials, intermediate materials, and finished goods). A high reading is seen positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).
09:00	EUR	low	Factory Orders s.a. (MoM)	4.3%	-0.9%
The Factory orders released by the Bundesministerium für Wirtschaft und Technologie is an indicator that includes shipments, inventories, and new and unfilled orders. An increase in the factory order total may indicate an expansion in the German economy and could be an inflationary factor. It is worth noting that the German Factory barely influences, either positively or negatively, the total Eurozone GDP. A high reading is positive (or bearish) for the EUR, while a low reading is negative.
10:00	USD	low	MBA Mortgage Applications	1.3%		-11%
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. Normally, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
11:30	CAD	low	Building Permits (MoM)	2.4%	2.1%	-0.5%
The Building Permits released by the Statistics Canada shows the number of permits for new construction projects. It implies the movement of corporate investments (the Canadian economic development). It tend to cause some volatility to the CAD. The more growing number of permits, the more positive (or bullish) for the CAD.
13:00	CAD	average	Ivey Purchasing Managers Index	51.9	55.1	57.8
The Ivey PMI released by the Richard Ivey School of Business captures business conditions in Canada. The Ivey PMI is an important indicator of business conditions and the overall economic condition in Canada. A result above 50 signals is seen positive , or bullish for the CAD, whereas a result below 50 is seen as negative, or bearish.
13:30	USD	low	EIA Crude Oil Stocks change	2.9M	1M	2M
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.
16:30	USD	average	Fed's Bernanke Speech
The Fed Governor Ben Shalom Bernanke was born in 1953. He graduated from Harvard University and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology. In 2006 he became the Chairman of the Federal Reserve System. He gives a press conference as to how the Fed observes the current US economy and the value of USD. His comments may determine a short-term positive or negative trend.
18:00	USD	low	Consumer Credit	$10.6B	$1.4B	-$11.5B
The Consumer Credit released by the Board of Governors of the Federal Reserve is an amount of money that individuals borrowed. It shows if consumers can afford large expenses, which can fuel economic growth. However, a high figure may also indicate that the economy is overheating, as consumers borrow in order to live beyond their means. A high reading is seen as positive (or Bullish) for the USD, whereas a low reading is seen as negative.
22:50	JPY	low	Core Machinery Orders (MoM)	-3.7%	3.8%	-5.4%
The Core Machinery Orders released by the Cabinet Office shows movements in machinery orders. The core orders exclude orders for ships and from electric power companies, which tend to be volatile due to their huge size. It is considered as a key indicator of investment. If a large number of machinery orders come out, this may generate a positive sentiment (or bullish) for the JPY. On the other hand, a small number is seen as negative (or bearish).
22:50	JPY	average	Trade Balance - BOP Basis	¥197.2	¥762.8	¥778B
The Trade Balance released by the Customs Office 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. If a steady demand in exchange for Japanese exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the JPY.
22:50	JPY	low	Adjusted Current Account	¥1712.	¥1248.	¥1119B
The Current Account released by the Ministry of Finance is a net flow of current transactions, including goods, services, and interest payments into and out of Japan. A current account surplus indicates that the flow of capital into Japan exceeds the capital reduction. A current account deficit indicates that there is a net capital outflow from these sources. A high reading is seen as positive for the JPY, while a low reading is seen as negative.

8 April 2010, Thursday

	Currency	Value	Event	Prev.	Forecast	Real
00:30	AUD	high	Unemployment Rate	5.3%	5.3%	5.3%
The Unemployment Rate release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market. As a result, a rise leads to weaken the Australian economy. A decrease of the figure is seen as positive (or bullish) for the AUD, while an increase is seen as negative (or bearish).
00:30	AUD	average	Employment Change	0.4K	20.3K	19.6K
The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).
04:00	JPY	average	Bank of Japan Monthly Economic Survey
The BoJ Monthly Economic Survey released by the Bank of Japan presents a study of economic movements in Japan. It reviews economic developments inside and outside of Japan and indicate a sign of new fiscal policy. Any changes in this report tend to affect the JPY volatility. Normally, 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	Eco Watchers Survey: Current	42.1	45.2	47.4
The Eco Watchers Survey released by the Cabinet Office closely watches region-by-region economic trends. The survey is considered as basic material for assessing short-term economic trends in Japan. A high reading is seen as positive (or bullish) for the JPY, whereas a low reading is seen as negative (or negative).
04:00	JPY	low	Eco Watchers Survey: Outlook	44.8	46.7	47
The Eco Watchers Survey released by the Cabinet Office closely watches region-by-region economic trends. The survey is considered as basic material for assessing short-term economic trends in Japan. A high reading is seen as positive (or bullish) for the JPY, whereas a low reading is seen as negative (or negative).
04:45	CHF	average	Unemployment Rate s.a.	4.1%	4.1%	4.1%
The Unemployment Rate released by the State Secretariat for Economic Affairs (SECO) is the number of unemployed workers divided by the total civilian labor force. If the rate is up, it indicates a lack of expansion within the Swiss lobar market. As a result, a rise leads to weaken the Swiss economy. A decrease of the figure is seen as positive (or bullish) for the CHF, while an increase is seen as negative (or bearish).
04:45	CHF	average	Unemployment Rate	4.4%	4.3%	4.2%
The Unemployment Rate released by the State Secretariat for Economic Affairs (SECO) is the number of unemployed workers divided by the total civilian labor force. If the rate is up, it indicates a lack of expansion within the Swiss lobar market. As a result, a rise leads to weaken the Swiss economy. A decrease of the figure is seen as positive (or bullish) for the CHF, while an increase is seen as negative (or bearish).
05:00	JPY	low	Machine Tool Orders (YoY)	217.4%		262.1%
The Machine Tool Orders released by the Japan Machine Tool Builders' Association shows movements in tool orders by manufacturers. It indicates business conditions and the overall economic condition in Japan. Generally speaking, if a large number of tool orders come out, this may generate a positive sentiment (or bullish) for the JPY, on the other hand, a small number is seen as negative (or bearish).
07:00	GBP	average	Halifax House Prices (YoY)	4.5%		5.2%
The Halifax House Price Index released by the HBOS is the UK's longest running monthly house price series presents house prices and property price movements on a like-for-like basis. The housing prices are considered as a key indicator for inflationary pressures. A high reading is seen as positive (or bullish ) for the GBP, while a low reading is seen as negative (or bearish).
07:00	GBP	average	Halifax House Prices (MoM)	-1.5%	0.6%	1.1%
The Halifax House Price Index released by the HBOS is the UK's longest running monthly house price series presents house prices and property price movements on a like-for-like basis. The housing prices are considered as a key indicator for inflationary pressures. A high reading is seen as positive (or bullish ) for the GBP, while a low reading is seen as negative (or bearish).
07:30	GBP	low	Industrial Production (YoY)	-1.6%	-0.5%	-0.1%
The Industrial Production released by the National Statistics measures outputs of the UK factories and mines. Changes in industrial production are widely followed as a major indicator of strength in the manufacturing sector. A high reading is seen as positive (or bullish) for the GBP, whereas a low reading is seen as bearish.
07:30	GBP	low	Industrial Production (MoM)	-0.5%	0.5%	1%
The Industrial Production released by the National Statistics measures outputs of the UK factories and mines. Changes in industrial production are widely followed as a major indicator of strength in the manufacturing sector. A high reading is seen as positive (or bullish) for the GBP, whereas a low reading is seen as bearish.
07:30	GBP	average	Manufacturing Production (YoY)	0.1%	0.8%	1.4%
The Manufacturing Production released by the National Statistics measures the manufacturing output. Manufacturing Production is significant as a short term indicator of the strength of UK manufacturing activity that dominates a large part of total GDP. A high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish).
07:30	GBP	average	Manufacturing Production (MoM)	-1%	0.7%	1.3%
The Manufacturing Production released by the National Statistics measures the manufacturing output. Manufacturing Production is significant as a short term indicator of the strength of UK manufacturing activity that dominates a large part of total GDP. A high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish).
08:00	EUR	average	Retail Sales (MoM)	-0.2%		-0.6%
The Retail Sales released by the Eurostat is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales.The changes are widely followed as an indicator of consumer spending. The positive economic growth anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.
08:00	EUR	average	Retail Sales (YoY)	-0.6%	-0.4%	-1.1%
The Retail Sales released by the Eurostat is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales.The changes are widely followed as an indicator of consumer spending. The positive economic growth anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.
09:00	EUR	average	Industrial Production s.a. w.d.a. (YoY)	2.2%	6.3%	5.8%
The Industrial Production released by the Federal Ministry of Economics and Technology, measures outputs of the German factories and mines. Changes in industrial production are widely followed as a major indicator of strength in the manufacturing sector. A high reading is seen as positive (or bullish) for the EUR, whereas a low reading is seen as negative (or bearish).
09:00	EUR	average	Industrial Production s.a. (MoM)	0.6%	0.8%
The Industrial Production released by the Federal Ministry of Economics and Technology, measures outputs of the German factories and mines. Changes in industrial production are widely followed as a major indicator of strength in the manufacturing sector. A high reading is seen as positive (or bullish) for the EUR, whereas a low reading is seen as negative (or bearish).
10:00	GBP	high	BoE Interest Rate Decision	0.5%	0.5%	0.5%
BoE Interest Rate Decision is announced by the Bank of England. If the BoE is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the GBP. Likewise, if the BoE has a dovish view on the UK economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.
10:45	EUR	high	ECB Interest Rate Decision	1%	1%	1%
ECB Interest Rate Decision is announced by the European Central Bank. If the ECB is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the EUR. Likewise, if the ECB has a dovish view on the European economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.
11:30	USD	average	Initial Jobless Claims	442K	433K	460K
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	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).
11:30	USD	low	Continuing Jobless Claims	4662K		4550K
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.

9 April 2010, Friday

	Currency	Value	Event	Prev.	Forecast	Real
05:00	EUR	average	Trade Balance	€8.7B	€11.9	€12.1
The Trade Balance released by the Statistisches Bundesamt Deutschland is a balance between exports and imports of total goods and services. A positive value shows a trade surplus, while a negative value shows a trade deficit. It is an event that generates some volatility for the EUR. If a steady demand in exchange for German exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the EUR.
07:30	GBP	average	Producer Price Index - Output (YoY) n.s.a	4.1%	4.4%	5%
The Producer Price Index Out released by the National Statistics is a monthly measurement of the price changes of goods produced by UK manufacturers. Generally speaking, a price hike generates higher retail prices for consumers. Thus, a high reading is positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish).
07:30	GBP	average	Producer Price Index - Input (MoM) s.a	0.1%	1.2%	3.6%
The Producer Price Index Input released by the National Statistics is a monthly measurement of the rate of inflation experienced by the UK manufactures when buying goods and services. It captures changes in the average price of a fixed basket of goods and services purchased by the UK Manufactures. A high reading is positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish).
07:30	GBP	average	Producer Price Index - Input (YoY) n.s.a	6.9%	7.1%	10.1%
The Producer Price Index Input released by the National Statistics is a monthly measurement of the rate of inflation experienced by the UK manufactures when buying goods and services. It captures changes in the average price of a fixed basket of goods and services purchased by the UK Manufactures. A high reading is positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish).
07:30	GBP	average	Producer Price Index - Output (MoM) n.s.a	0.3%	0.4%	0.9%
The Producer Price Index Out released by the National Statistics is a monthly measurement of the price changes of goods produced by UK manufacturers. Generally speaking, a price hike generates higher retail prices for consumers. Thus, a high reading is positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish).
10:00	CAD	high	Unemployment Rate	8.2%	8.2%	8.2%
The Unemployment Rate released by the Statistics Canada is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Canadian Economy. If the rate is up, it indicates a lack of expansion within the Canadian lobar market. As a result, a rise leads to weaken the Canadian economy. Normally, a decrease of the figure is seen as positive (or bullish) for the CAD, while an increase is seen as negative or bearish.
10:00	CAD	average	Net Change in Employment	20.9K	25.3K	17.9K
The employment Change released by the Statistics Canada is a measure of the change in the number of employed people in Canada. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive, or bullish for the CAD, while a low reading is seen as negative or bearish.
13:00	USD	low	Wholesale Inventories	-0.2%	0.4%	0.6%
The Wholesale Inventories released by the US Census Bureau captures sales and inventory statistics from the second stage of the manufacturing process. The sales figures do not move the market as they do not reflect personal consumption while wholesale inventories may change the aggregate inventory profile which can influence the GDP forecast. A high inventory suggests economic slowing in the US, that is seen as negative (or bearish) for the USD, whereas a low reading is seen as positive (or bullish).

Economic calendar

5 April 2010, Monday

6 April 2010, Tuesday

7 April 2010, Wednesday

8 April 2010, Thursday

9 April 2010, Friday

11 April 2010, Sunday

Calendar

Your timezone

Currency

Economic impact

Five Fabulous Years, Together.

	Currency	Value	Event	Prev.	Real
22:50	JPY	low	Bank Lending (YoY)	-1.5%	-1.8%
The bank Lending released by the Bank of Japan is a measure of total amounts outstanding and discounts changes by Japanese banks.The bank lending gives critical insight into the Japanese economy as it indicates the climate of business confidence and investment in Japan. 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	average	BoJ Monetary Policy Meeting
The Bank of Japan publishes a study of economic movements in Japan after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and indicate a sign of new fiscal policy. Any changes in this report tend to affect the JPY volatility. Generally speaking, if the BoJ minutes show a hawkish outlook, that is seen as positive (or bullish) for the JPY, while a dovish outlook is seen as negative (or bearish).

	April 2010
Mon	Tue	Wed	Thu	Fri	Sat	Sun
			1	2	3	4
5	6	7	8	9	10	11
12	13	14	15	16	17	18
19	20	21	22	23	24	25
26	27	28	29	30

	April 2010
Mon	Tue	Wed	Thu	Fri	Sat	Sun
			1	2	3	4
5	6	7	8	9	10	11
12	13	14	15	16	17	18
19	20	21	22	23	24	25
26	27	28	29	30

	April 2010
Mon	Tue	Wed	Thu	Fri	Sat	Sun
			1	2	3	4
5	6	7	8	9	10	11
12	13	14	15	16	17	18
19	20	21	22	23	24	25
26	27	28	29	30