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Economic calendar

9 August 2010, Monday

	Currency	Value	Event	Prev.	Forecast	Real
00:30	AUD	average	National Australia Bank's Business Confidence	4		2
The National Australia Bank Business Confidence is a survey of the current business condition in Australia. It indicates the performance of the overall Australian economy in a short-term view. A positive economic growth anticipates bullish movements for the AUD, whereas a negative growth is seen as bearish.
00:30	AUD	low	Investment Lending	3%		-3.6%
The Investment lending released by the Australian Bureau of Statistics measures number of lendings to business enterprises including individual ones. A high reading anticipates growth in the Australian economy, and that is said to be positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).
00:30	AUD	average	National Australia Bank's Business Conditions	8		5
The NAB´s Business Conditions released by the National Australia Bank looks at trading, profitability and employment conditions in Australia. It serves as an indicator of overall economic situation in the short term. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).
00:30	AUD	average	Home Loans	3%	-2.1%	-3.9%
The Home Loans released by the Australian Bureau of Statistics presents the number of home loans. It indicates the housing market trend in Australia and a level of consumer confidence as large housing loans are taken out. A high reading is seen positive (or bullish) for the AUD, while a low reading is seen negative (or bearish).
03:00	JPY	high	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).
04:00	JPY	low	Eco Watchers Survey: Current	47.5	48	49.8
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	48.3	48.8	46.6
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).
05:00	EUR	low	Current Account	2.2B	13.6B	12.9B
The Current Account released by the Statistiches Bundesamt Deutschland is a net flow of current transactions, including goods, services, and interest payments into and out of Germany. A current account surplus indicates that the flow of capital into Germany 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 (or Bullish) for the EUR, whereas a low reading is seen as negative (or Bearish).
05:00	EUR	average	Trade Balance	€10.6	€12.3	€12.3
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. Review Alex Nekritin's Article - Trading the Euro with Germany Trade Balance
07:30	EUR	average	Sentix Investor Confidence	-1.3	3.8	8.5
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). Review Alex Nekritin's Article - Trading Euro with ESI
21:45	NZD	low	Credit Card Spending SA (MoM)	0.4%		-0.1%
Credit Card Spending SA (MoM)
22:01	GBP	average	RICS House Price Balance	9%	5%	-8%
The RICS Housing Price Balance released by the Royal Institution of Chartered Surveyors presents housing costs in the UK. It shows the strength of the UK housing market, which can be considered as the economy as a whole, as the housing market is sensitive to the business cycle. A high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish).
22:01	GBP	low	BRC Retail Sales Monitor - All (YoY)	1.2%		0.5%
The British Retail Consortium (BRC) Retail Sales Monitor measures changes in the actual value of retail sales from participating companies with invaluable management information on a regular and reliable basis. It shows the performance of the retail sector. A high reading is is seen as positive (or bullish) for the GBP, while a low reading is seen as negative.

10 August 2010, Tuesday

	Currency	Value	Event	Prev.	Forecast	Real
03:00	JPY	high	BoJ Interest Rate Decision	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.
04:00	JPY	average	BoJ's Governor Shirakawa Speech
The BoJ Governor Masaaki Shirakawa was born in 1949. He graduated from University of Tokyo and a M.A. in economics in 1977 from University of Chicago. In 2008 he became the governor. He gives a press conference as to how the BoJ observes the current Japanese economy and the value of JPY. His comments may determine a short-term positive or negative trend.
04:45	CHF	low	SECO Consumer Climate	14	18	16
The SECO Consumer Climate released by the State Secretariat for Economic Affairs SECO shows trends in Consumer Climate. It is considered as an important indicator of inflation. A high reading is seen as positive (or bullish) for the CHF, while a low reading is seen as negative (or bearish).
05:00	JPY	low	Machine Tool Orders (YoY)	143.8%		144.8%
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).
05:00	EUR	average	Consumer Price Index (YoY)	0.9%	1.1%	1.2%
The Germany consumer price index released by the Statistiches Bundesamt Deutschland 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. A high reading is positive (or Bullish) for the EUR, while a low reading is negative (or bearish).
05:00	EUR	average	Consumer Price Index (MoM)	0.1%	0.2%	0.3%
The Germany consumer price index released by the Statistiches Bundesamt Deutschland 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. A high reading is positive (or Bullish) for the EUR, while a low reading is negative (or bearish).
07:30	GBP	low	Goods Trade Balance	-£8.	-£7.	-£7.
The trade balance released by the National Statistics is a balance between exports and imports of goods A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the GBP. If a steady demand in exchange for UK exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the GBP. Review Alex Nekritin's Article - Trading British Pound with UK Trade Balance
07:30	GBP	low	Total Trade Balance	-£4.	-£7.	-£4.
The Trade Balance released by National Statistics is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the GBP. If a steady demand in exchange for UK exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the GBP. Review Alex Nekritin's Article - Trading British Pound with UK Trade Balance
07:30	GBP	low	DCLG House Price Index (YoY)	11%	9.8%	9.9%
The House Price Index released by the Department of Communities and Local Government shows changes in housing prices with the use of mix-adjusted method. The Index shows insight into housing trends and is considered as a key indicator for inflationary pressures. Normally, a high reading is seen as positive or (bullish) for the GBP, while a low reading is seen as negative (or bearish).
08:00	GBP	low	Leading Indicator Index	0.3%		0.5%
The Leading Indicators 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 is considered as a measure for economic stability in UK. A high reading is seen as positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).
11:15	CAD	average	Housing Starts s.a (YoY)	192.8K	184K	189.2K
The Housing Starts released by the Canadian Mortgage and Housing Corporation captures how many new single-family homes or buildings were constructed. It shows the strength of the Canadian housing market, which can be considered as the economy as a whole due to Housing Starts' sensitivity to changes in the business cycle. A high reading is seen as positive (or bullish) for the CAD, while a low reading is seen as negative (or bearish).
11:30	CAD	low	New Housing Price Index (MoM)	0.3%	0.3%	0.1%
The New Housing Price Index (NHPI) released by the Statistics Canada is a monthly series that measures changes over time in the contractors' selling prices of new residential houses, where detailed specifications pertaining to each house remain the same between two consecutive periods. The growth rate of the housing market affects the CAD volatility. A high reading is seen as positive (or Bullish) for the CAD, whereas a low reading is seen as negative (or Bearish).
11:30	USD	low	Unit Labor Costs	-3.7%	1.6%	0.2%
The Unit Labor Cost released by the Bureau of Labor Statistics, Department of Labor shows a total cost of employing a labor force. It can serve as an indicator of trends in production costs, share prices, and inflation. A high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative ,or bearish.
11:30	USD	low	Nonfarm Productivity	3.9%	0.3%	-0.9%
The Non-farm Productivity released by the Bureau of Labor Statistics of the US Department of Labor shows the output per Hour of labor worked. Non-farm Productivity indicates the overall business health in the US, which has an influence on GDP. A high reading is positive (or bullish) for the USD, while a low reading is negative (or bearish).
13:00	USD	low	Wholesale Inventories	0.5%	0.4%	0.1%
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).
13:00	USD	low	IBD/TIPP Economic Optimism	44.7	45.6	43.6
The Economic Optimism Index, released by The Investor's Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP), measures the sentiment of consumers related to economic conditions. The report is based on a monthly survey where near to 1000 nationwide adults evaluate their economic outlook for the next six months, personal financial perspectives and their confidence in federal economics policies. If consumers are optimistic they will purchase more goods and services which will involve growth in domestic demand and stimulation to the economy. A reading above 50 indicates optimism, below 50 is pessimism.
17:15	USD	high	Fed Interest Rate Decision	0.25%	0.25%	0.25%
The Board of Governors of the Federal Reserve announces an interest rate. This interest rate affects the whole range of interest rates set by commercial banks, building societies and other institutions for their own savers and borrowers. It also tends to affect the exchange rate. Generally speaking, if the Fed is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the USD. Review Alex Nekritin's Article - Suggested Strategies to trade the US dollar with this economic release
20:00	USD	low	ABC/Washington Post Consumer Confidence	-50		-47
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).
22:01	GBP	average	Nationwide Consumer Confidence	63	61	56
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.
22:50	JPY	low	Core Machinery Orders (MoM)	-9.1%	5.4%	1.6%
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	low	Domestic Corporate Goods Price Index (MoM)	-0.4%		-0.1%
The Domestic Corporate Goods Price Index released by the Bank of Japan is a measure of prices for goods purchased by domestic corporates in Japan. The DCGPI is correlated with the CPI (Consumer Price Index) and is a way to measure changes in manufacturing cost and inflation in Japan. A high reading is seen as anticipatory of a rate hike and is positive (or bullish) for the JPY, while a low reading is seen as negative (or Bearish).
22:50	JPY	low	Domestic Corporate Goods Price Index (YoY)	0.5%		-0.1%
The Domestic Corporate Goods Price Index released by the Bank of Japan is a measure of prices for goods purchased by domestic corporates in Japan. The DCGPI is correlated with the CPI (Consumer Price Index) and is a way to measure changes in manufacturing cost and inflation in Japan. A high reading is seen as anticipatory of a rate hike and is positive (or bullish) for the JPY, while a low reading is seen as negative (or Bearish).

11 August 2010, Wednesday

	Currency	Value	Event	Prev.	Forecast	Real
23:30	AUD	average	Westpac Consumer Confidence	11.1%		5.4%
The Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute captures the level of sentiment that individuals have in economic activity reflecting respondents' evaluations of their family finances over the past and coming year, expectations about the one-year and five-year economic conditions and views about current buying conditions for major household items. Generally speaking, a high reading is seen as positive (or bullish) for the AUD, whereas 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).
07:30	GBP	low	Average Earnings excluding Bonus (3Mo/Yr)	1.9%	1.6%	1.8%
The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay". Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).
07:30	GBP	low	Jobless Claims Change	-15.9K	-15K	-3.8K
The Claimant Change released by the National Statistics presents the number of unemployment people in the UK. There is a tendency to influence the GBP volatility. Generally speaking, a rise in this indicator has negative implications for consumer spending which discourage economic growth. Generally, a high reading is seen as negative (or bearish) for the GBP, while a low reading is seen as positive (or bullish).
07:30	GBP	low	Average Earnings including Bonus (3Mo/Yr)	2.7%	1.1%	1.3%
The Average Earing Including Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).
07:30	GBP	low	Claimant Count Rate	4.5%	4%	4.5%
The Claimant Count Rate released by the National Statistics is a monthly measure of unemployment in the UK It indicates the health of the UK labor market. If the rate is up, it indicates a lack of expansion within the UK labor market, while it indicates economic expansion and could spark inflationary pressures if the rate is down. Generally, a decrease of the figure is seen as positive (or bullish) for the GBP, while an increase is seen as negative.
07:30	GBP	low	ILO Unemployment Rate (3M)	7.8%	7.8%	7.8%
The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the U.K. labor market. As a result, a rise leads to weaken the U.K. economy. Generally, a decrease of the figure is positive (or bullish) for the GBP, while an increase is negative.
08:30	GBP	average	Bank of England Quarterly Inflation Report
The Bank of England quarterly publishes a report of the detailed economic analysis and inflation projections on which the Bank's Monetary Policy Committee bases its interest rate decisions, and presents an assessment of the prospects for UK inflation over the following two years. A high reading is seen as positive (or Bullish) for the GBP, whereas a low reading is seen as negative.
10:00	USD	low	MBA Mortgage Applications	1.3%	0.6%	0.6%
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	average	International Merchandise Trade	-$0.7B	$0.4B	-$1.13B
The International Merchandise Trade released by the Statistics Canada is the difference in the value of its imports and exports of Canadian goods excluding intangibles like services. Export data can give an important reflection of Canadian growth as tangible goods like oil, gold and manufacturing dominate a large part of Canada 's GDP. If a steady demand in exchange for Canadian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the CAD.
11:30	USD	average	Trade Balance	-$41.98B	-$42B	-$49.9B
The Trade Balance released by the Bureau of Economic Analysis and the U.S. Census Bureau is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the USD. If a steady demand in exchange for US exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the USD. Review Alex Nekritin's Article - Trading US Dollar with US Trade Balance
13:30	USD	low	EIA Crude Oil Stocks change	-2.8M	-1.9M	-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.
17:00	USD	average	Monthly Budget Statement	-68.4B	-166B	-165B
The Monthly Budget Statement released by the Financial Management Service summarizes the financial activities of federal entities, disbursing officers, and Federal Reserve banks. A positive budget statement that receipts exceed budgetary outlays is seen as bullish for the USD. On the other hand, a negative figure (deficit) that indicates government debt is seen as bearish.
21:30	NZD	average	Business NZ PMI	55.9		49.9
The Business NZ PMI released by the Business NZ presents business conditions in New Zealand. The Business PMI is an important indicator of the overall economic condition. A result that values above 50 signals appreciates (or is bullish) for the NZD, whereas a result that values below 50 is seen as negative (or bearish).
21:45	NZD	low	Food Price Index (MoM)	1.3%		1.6%
The Food Price Index (FPI) released by the Statistics New Zealand measures price changes of food bought by households. New Zealand depends upon exporting agricultural goods and food products. Thus, high food prices relatively suggest an increase of trade interests. A high reading is seen as positive (or bullish) for the NZD, while a low reading is negative (or Bearish)

12 August 2010, Thursday

	Currency	Value	Event	Prev.	Forecast	Real
00:00	AUD	low	Consumer Inflation Expectation	3.3%		2.8%
The Consumer Inflation Expectation released by the Melbourne Institute presents the consumer expectations of future inflation during the next 12 months. The higher expectations, the stronger the effect they will have on a probability of a rate hike by the RBA. Therefore, a high reading should be taken as positive, or bullish, for the AUD, while a low expectations are seen as negative or bearish.
00:30	AUD	high	Employment Change	45.9K	20.1K	23.5K
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).
00:30	AUD	high	Unemployment Rate	5.1%	5.1%	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).
03:30	JPY	low	Industrial Production (MoM)	-1.5%	-1.5%	-1.1%
The Industrial Production released by the Ministry of Economy, Trade and Industry measures outputs of the Japanese 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 bullish for the JPY, whereas a low reading is seen as bearish.
03:30	JPY	low	Capacity Utilization	0.8		2.1
The Capacity Utilization released by the Ministry of Economy, Trade and Industry is the percentage of the Japanese production capacity which is actually used over the short-time period. It is indicative of overall growth and demand in the Japanese economy. A high capacity utilization stimulates inflationary pressures. A high reading is seen as positive (or bullish) for the JPY, while a low reading is seen as negative (or Bearish).
03:30	JPY	low	Industrial Production (YoY)	17%		17.3%
The Industrial Production released by the Ministry of Economy, Trade and Industry measures outputs of the Japanese 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 bullish for the JPY, whereas a low reading is seen as bearish.
04:00	JPY	average	Consumer Confidence	43.6	43.9	43.3
The Consumer Confidence released by the Cabinet Office captures the level of sentiment that individuals have in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Normally, a result above 50 is positive (or bullish) for the JPY, whereas a result below 50 is seen as bearish.
07:00	EUR	average	ECB Monthly Report
The European Central Bank publishes a monthly report that contains a detailed analysis of the prevailing economic situation and the risks to price stability. It also provides articles on a wide range of topics related to the tasks of the ECB. A high reading anticipates a hawkish attitude which will be positive, or bullish, for the EUR, while a low reading is seen as negative, or bearish.
08:00	EUR	average	Industrial Production w.d.a. (YoY)	9.4%	9.3%	8.2%
The Industrial Production is released by the Eurostat. It shows the volume of production of Industries such as factories and manufacturing. Up trend is regarded as inflationary which may anticipate interest rates to rise. If high industrial production growth comes out, this may generate a positive sentiment (or bullish) for the EUR, while low industrial production is seen as a negative sentiment (or bearish).
08:00	EUR	average	Industrial Production s.a. (MoM)	0.9%	0.7%	-0.1%
The Industrial Production is released by the Eurostat. It shows the volume of production of Industries such as factories and manufacturing. Up trend is regarded as inflationary which may anticipate interest rates to rise. If high industrial production growth comes out, this may generate a positive sentiment (or bullish) for the EUR, while low industrial production is seen as a negative sentiment (or bearish).
11:30	USD	low	Initial Jobless Claims	482K	465K	484K
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	Import Price Index (YoY)	4.5%	5.3%	4.9%
The Import Price Index released by the US Department of Labor informs the changes in the price of imported products into the US.The higher the cost of imported goods, the stronger the effect they will have on inflation, redunding in a higher probability of a rate rise. Generally, a high reading should be taken as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
11:30	USD	low	Continuing Jobless Claims	4570K	4540K	4452K
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.
11:30	USD	average	Import Price Index (MoM)	-1.3%	0.5%	0.2%
The Import Price Index released by the US Department of Labor informs the changes in the price of imported products into the US.The higher the cost of imported goods, the stronger the effect they will have on inflation, redunding in a higher probability of a rate rise. Generally, a high reading should be taken as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
21:45	NZD	average	Retail Sales ex Autos (MoM)	-0.2%	0.6%	1.5%
The retail Sales released by the Statistics New Zealand measures the total receipts of retail stores except the automobile sector. 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 NZD, while a low reading is seen as negative (or bearish).
21:45	NZD	average	Retail Sales (MoM)	0.4%	0.6%	0.9%
The retail Sales released by the Statistics New Zealand 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 NZD, while a low reading is seen as negative (or bearish).
21:45	NZD	average	Retail Sales Ex Inflation (QoQ)	0.2%	0.3%	1.3%
The Retail Sales EX Inflation measures the total receipts at stores that sell durable and nondurable goods. Changes in Retail Sales are widely followed as an indicator of consumer spending, and it is therefore considered as a key element in economic growth. A high reading is seen as positive, or bullish for the NZD, while a low reading is seen as negative or bearish.
22:50	JPY	high	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.

13 August 2010, Friday

	Currency	Value	Event	Prev.	Forecast	Real
02:00	NZD	low	Non-Resident Bond Holdings			52.3%
Non-Resident Bond Holdings
05:00	EUR	average	Gross Domestic Product n.s.a (YoY)	2.1%	2.6%	4.1%
The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).
05:00	EUR	average	Gross Domestic Product w.d.a (YoY)	2%	2.4%	3.7%
The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).
05:00	EUR	average	Gross Domestic Product s.a (QoQ)	0.5%	1.3%	2.2%
The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).
06:15	CHF	low	Producer and Import Prices (MoM)	-0.4%	0.2%	-0.5%
The Producer and Import Prices is an indicator of consumer price inflation provided by the Federal Statistical Office. The higher the cost of imported goods, the stronger the effect they will have on inflation. High inflationary pressure may anticipate interest rates hike by the SNB. Generally, a high reading should be taken as positive, or bullish, for the CHF.
06:15	CHF	low	Producer and Import Prices (YoY)	0.9%	0.8%	0.5%
The Producer and Import Prices is an indicator of consumer price inflation provided by the Federal Statistical Office. The higher the cost of imported goods, the stronger the effect they will have on inflation. High inflationary pressure may anticipate interest rates hike by the SNB. Generally, a high reading should be taken as positive, or bullish, for the CHF.
08:00	EUR	low	Trade Balance n.s.a.	-€3.3	-€2.3	€2.4B
The Trade Balance released by the Eurostat is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the EUR. Generally, 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 EUR.
08:00	EUR	high	Gross Domestic Product s.a. (QoQ)	0.2%	0.7%	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	high	Gross Domestic Product s.a. (YoY)	0.6%	1.4%	1.7%
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	Trade Balance s.a.	-€3B	-€2B	-€1.6
The Trade Balance released by the Eurostat is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the EUR. Generally, 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 EUR.
11:30	USD	average	Consumer Price Index Ex Food & Energy (YoY)	0.9%	0.9%	0.9%
The Consumer Price Index Ex Food & Energy released by the US Department of Labor is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).
11:30	USD	high	Retail Sales ex Autos (MoM)	-0.1%	0.3%	0.2%
The Retail Sales ex Autos released by the US Census Bureau is a monthly data that shows all goods sold by retailers based on a sampling of retail stores of different types and sizes except the automobile sector. The retail sales index is often taken as an indicator of consumer confidence. This report is the "advance" report, which can be revised fairly significantly after the final numbers are calculated. The positive economic growth anticipates bullish movements for the USD.
11:30	USD	average	Consumer Price Index (MoM)	-0.1%	0.2%	0.3%
The Consumer Price Index released by the US Department of Labor 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 USD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).
11:30	USD	average	Consumer Price Index Ex Food & Energy (MoM)	0.2%	0.1%	0.1%
The Consumer Price Index Ex Food & Energy released by the US Department of Labor is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).
11:30	USD	average	Consumer Price Index (YoY)	1.1%	1.2%	1.2%
The Consumer Price Index released by the US Department of Labor 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 USD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally speaking, 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	New Motor Vehicle Sales (MoM)	0.2%	2.1%	2.5%
The New Motor Vehicle Sales released by the Statistics Canada measure motor vehicle sales in Canada. It is considered as an indicator for the overall economic climate. Generally, a high reading is seen as positive (or bullish) for the CAD, while a low reading is seen as negative (or bearish).
11:30	USD	high	Retail Sales (MoM)	-0.5%	0.5%	0.4%
The retail Sales released by the US Census Bureau 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. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
12:55	USD	average	Reuters/Michigan Consumer Sentiment Index	66.5	69.8	69.6
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).
13:00	USD	low	Business Inventories	0.1%	0.3%	0.3%
The business inventories released by the US Census Bureau measures the monthly percentage changes in inventories from manufacturers, retailers, and wholesalers. The sales figures do not move the markets as they do not reflect personal consumption

15 August 2010, Sunday

	Currency	Value	Event	Prev.	Forecast	Real
22:01	GBP	low	Rightmove House Price Index (YoY)	3.7%		4.3%
The Rightmove House Price Index provides a sample of residential property prices in the UK. It shows the strength of the UK housing market, which can be considered as the economy as a whole due to property prices' sensitivity to changes in the business cycle. Generally speaking, a high reading is seen as positive, or bullish for the GBP, while a low reading is seen as negative, or bearish.
22:01	GBP	low	Rightmove House Price Index (MoM)	-0.6%		-1.7%
The Rightmove House Price Index provides a sample of residential property prices in the UK. It shows the strength of the UK housing market, which can be considered as the economy as a whole due to property prices' sensitivity to changes in the business cycle. Generally speaking, a high reading is seen as positive, or bullish for the GBP, while a low reading is seen as negative, or bearish.
22:50	JPY	average	Gross Domestic Product (QoQ)	1.2%	0.6%	0.1%
The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. It is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative.
22:50	JPY	average	Gross Domestic Product Annualized	4.9%	2.3%	0.4%
The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. It is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative.
22:50	JPY	low	Gross Domestic Product Deflator (YoY)	-2.8%	-1.8%	-1.8%
The GDP Deflator released by the Cabinet Office measures the change in prices of final goods and services. It is considered as a key indicator for inflationary pressures, that provides insight into the future direction of monetary policy. A high reading or a better than expected number is seen as positive (or bullish) for the JPY, while a low reading is seen negative (or bearish).
22:50	JPY	low	Tertiary Industry Index (MoM)	-0.9%		-0.1%
Tertiary Industry Index released by the Ministry of Economy, Trade and Industry indicates the domestic service sector in Japan such as information and communication, electricity, gas heat and water,services, transport, wholesale and retail trade, finance and insurance ,and welfare. As the Japanese economy relies upon its exports, this event is expected to generate low volatility for the JPY. Generally, a high reading is positive (or bullish) for the JPY, while a low reading is negative (or bearish).