Forex calendar

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Monday, 15 February 2010

Time	Currency	Economic impact	Event	Prev.	Forecast	Fact.
02:50	JPY	high	Prelim GDP q/q	0.0%	1.0%	1.1%
Measures: Change in the inflation-adjusted value of all goods and services produced by the economy; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released quarterly, about 45 days after the quarter ends; Next Release: May 17, 2010 FF Notes: There are 2 versions of GDP released about a month apart � Preliminary and Final. The Preliminary release is the earliest and thus tends to have the most impact; Why Traders Care: It's the broadest measure of economic activity and the primary gauge of the economy's health; Also Called: Real GDP; Acro Expand: Gross Domestic Product (GDP);
02:50	JPY		Prelim GDP Price Index y/y
Measures: Change in the price of all goods and services included in GDP; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released quarterly, about 45 days after the quarter ends; Next Release: May 17, 2010 Why Traders Care: It's the broadest measure of inflation, encompassing all activities included in GDP, and is a primary instrument that the central bank uses to assess inflation; Also Called: GDP Deflator;
03:01	GBP	medium	Rightmove HPI m/m	0.4%		3.2%
Measures: Change in the asking price of homes for sale; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, around 3 weeks into the current month; Next Release: Mar 15, 2010 FF Notes: This is the UK's earliest report on housing inflation, but tends to produce a relatively mild impact because asking prices and selling prices are not always correlated; Why Traders Care: It's a leading indicator of the housing industry's health because rising house prices attract investors and spur industry activity; Acro Expand: House Price Index (HPI);
07:30	JPY	low	Revised Industrial Production m/m	2.2%	2.2%	1.9%
Measures: Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 45 days after the month ends; Next Release: Mar 12, 2010 FF Notes: The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are 2 versions of this indicator released about 15 days apart - Preliminary and Revised. The Preliminary release is the earliest and thus tends to have the most impact; Why Traders Care: It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings;
11:15	CHF	medium	PPI m/m
Measures: Change in the price of goods and raw materials purchased by manufacturers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 14 days after the month ends; Next Release: Mar 15, 2010 Why Traders Care: It's a leading indicator of consumer inflation - when manufacturers pay more for goods the higher costs are usually passed on to the consumer; Also Called: Producer and Import Prices, Producer Input Prices; Acro Expand: Producer Price Index (PPI);
12:00	EUR	low	Italian Trade Balance	-0.91B	-0.72B	-0.12B
Measures: Difference in value between imported and exported goods during the reported month; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 45 days after the month ends; Next Release: Mar 15, 2010 FF Notes: A positive number indicates that more goods were exported than imported;

Tuesday, 16 February 2010

Time	Currency	Economic impact	Event	Prev.	Forecast	Fact.
00:45	NZD	high	PPI Input q/q	-1.1%	0.5%	0.3%
Measures: Change in the price of goods and raw materials purchased by manufacturers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released quarterly, about 45 days after the quarter ends; Next Release: May 18, 2010 Why Traders Care: It's a leading indicator of consumer inflation - when manufacturers pay more for goods the higher costs are usually passed on to the consumer; Acro Expand: Producer Price Index (PPI);
00:45	NZD	low	PPI Output q/q	-1.4%	0.4%	-0.4%
Measures: Change in the price of goods sold by manufacturers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released quarterly, about 45 days after the quarter ends; Next Release: May 18, 2010 FF Notes: Only includes goods produced domestically; Also Called: Factory Gate Prices; Acro Expand: Producer Price Index (PPI);
03:30	AUD	high	Monetary Policy Meeting Minutes
Usual Effect: More hawkish than expected = Good for currency; Frequency: 11 times per year, 2 weeks after the Cash Rate is announced; Next Release: Mar 16, 2010 FF Notes: Source first released in Dec 2007; Why Traders Care: It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates; Acro Expand: Reserve Bank of Australia (RBA);
03:30	AUD	medium	NAB Business Confidence	8		15
Measures: Level of a diffusion index based on surveyed businesses, excluding the farming industry; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 11 days after the month ends; Next Release: Mar 11, 2010 FF Notes: Above 0 indicates improving conditions, below indicates worsening conditions. There's a quarterly and monthly version of this survey - although the monthly survey is more timely, the quarterly version tends to have more impact due to a larger sample size and additional questions regarding expectations; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment; Derived Via: Survey of about 350 businesses which asks respondents to rate the relative level of current business conditions; Acro Expand: National Australia Bank (NAB);
04:45	AUD	medium	RBA Assist Gov Debelle Speaks
Speaker: RBA Assistant Governor (Financial Markets) Dr. Guy Debelle; Description: Due to speak at the Women in Finance Luncheon, in Sydney; Usual Effect: More hawkish than expected = Good for currency; Why Traders Care: He's responsible for advising Reserve Bank Board members - who decide where to set the nation's key interest rates - on matters relating to the financial markets, and his public engagements are often used to drop subtle clues regarding future policy shifts; Acro Expand: Reserve Bank of Australia (RBA);
12:30	GBP	high	CPI y/y	2.9%	3.6%	3.5%
Measures: Change in the price of goods and services purchased by consumers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 16 days after the month ends; Next Release: Mar 16, 2010 FF Notes: This is considered the UK's most important inflation data because it's used as the central bank's inflation target; Why Traders Care: Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate; Derived Via: The average price of various goods and services are sampled and then compared to the sampling a done year earlier; Acro Expand: Consumer Price Index (CPI);
12:30	GBP	low	DCLG HPI y/y	0.5%	1.4%	2.9%
Measures: Change in the selling price of homes; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 45 days after the month ends; Next Release: Mar 9, 2010 FF Notes: Tends to have a relatively mild impact because there are several earlier indicators related to house prices; Also Called: DCLG House Prices; Acro Expand: House Price Index (HPI), Department for Communities and Local Government (DCLG);
12:30	GBP	low	RPI y/y	2.4%	3.8%	3.7%
Measures: Change in the price of goods and services purchased by consumers for the purpose of consumption; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 16 days after the month ends; Next Release: Mar 16, 2010 FF Notes: RPI differs from CPI in that it only measures goods and services bought for the purpose of consumption by the vast majority of households, and it includes housing costs which are excluded from CPI; Acro Expand: Retail Price Index (RPI), Consumer Price Index (CPI);
13:00	EUR	medium	ZEW Economic Sentiment	46.4	42.6	40.2
Measures: Level of a diffusion index based on surveyed German institutional investors and analysts; Frequency: Released monthly, on the second or third Tuesday of the current month; Next Release: Mar 16, 2010 Why Traders Care: It's a leading indicator of economic health - investors and analy 3e8 sts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity; Derived Via: Survey of about 350 German institutional investors and analysts which asks respondents to rate the relative 6-month economic outlook for the Eurozone; Acro Expand: Zentrum fur Europaische Wirtschaftsforschung (ZEW);
13:30	GBP	high	BOE Inflation Letter
Usual Effect: More hawkish than expected = Good for currency; FF Notes: Listed as a 'Tentative' event because the letter is only issued if the earlier-released CPI y/y is above 3.0% or below 1.0%. If CPI is not above 3.0% or below 1.0% this event will be removed from the calendar immediately following the CPI release. Otherwise the Tentative mark will be discarded when the exact timing of the letter is known; Why Traders Care: It gives insight into the future of monetary policy - when CPI y/y moves more than 1% from the mandated target rate of 2%, the BOE Governor is required to write an open letter to the chancellor of the exchequer explaining what is being done to addr 3e8 ess the situation; Acro Expand: Bank of England (BOE), Consumer Price Index (CPI);
16:30	CAD	medium	Manufacturing Sales m/m
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16:30	USD	medium	Empire State Manufacturing Index
Measures: Level of a diffusion index based on surveyed manufacturers in New York state; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, around the middle of the current month; Next Release: Mar 15, 2010 FF Notes: Above 0.0 indicates improving conditions, below indicates worsening conditions. Source first released in Apr 2002; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment; Derived Via: Survey of about 200 manufacturers in New York state which asks respondents to rate the relative level of general business conditions; Also Called: New York Manufacturing Index;
17:00	USD	high	TIC Long-Term Purchases	126.4B	50.3B	63.3B
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20:00	USD	medium	FOMC Member Hoenig Speaks
Speaker: Federal Reserve Bank of Kansas President Thomas Hoenig; Description: Due to deliver a speech titled "Avoiding a Government Debt Crisis" at the forum hosted by Peterson-Pew Commission on Budget reform, in Washington DC. Audience questions expected; Usual Effect: More hawkish than expected = Good for currency; FF Notes: 2010 FOMC voting member; Why Traders Care: Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy; Acro Expand: Federal Open Market Committee (FOMC);
21:00	USD	low	NAHB Housing Market Index	15	16	17
Measures: Level of a diffusion index based on surveyed home builders; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, around the middle of the current month; Next Release: Mar 17, 2010 FF Notes: Above 50 indicates a favorable outlook on home sales, below indicates a negative outlook; Derived Via: Survey of about 900 home builders which asks respondents to rate the relative level of current and future single-family home sales;

Wednesday, 17 February 2010

Time	Currency	Economic impact	Event	Prev.	Forecast	Fact.
02:30	AUD	medium	MI Leading Index m/m	1.0%		0.5%
Measures: Change in the level of a composite index based on 9 economic indicators; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 50 days after the month ends; Next Release: Mar 16, 2010 FF Notes: This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously. Full reports are only available to Melbourne Institute subscribers; Derived Via: Combined reading of 9 economic indicators related to consumer confidence, housing, stock market prices, money supply, and interest rate spreads; Also Called: Westpac/MI Indexes of Economic Activity; Acro Expand: Melbourne Institute (MI);
02:50	JPY	medium	Tertiary Industry Activity m/m	-0.1%	-0.2%	-0.9%
Measures: Change in the total value of services purchased by businesses; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 45 days after the month ends; Next Release: Mar 17, 2010 Why Traders Care: Related Items
12:30	GBP	high	Claimant Count Change	-9.6K	-14.6K	23.5K
Measures: Change in the number of people claiming unemployment-related benefits during the previous month; Usual Effect: Actual < Forecast = Good for currency; Frequency: Released monthly, about 15 days after the month ends; Next Release: Mar 17, 2010 FF Notes: It's the first indication of the employment situation, released a month earlier than the Unemployment Rate; Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor conditions; Also Called: Jobless Claims; Unemployment Change
12:30	GBP	high	MPC Meeting Minutes	0-0-9	0-0-9	0-0-9
FF Alert : In addition to the interest rate votes reported on the calendar, the minutes will also include the latest Asset Purchase Facility votes; Usual Effect: More hawkish than expected = Good for currency; Frequency: Released monthly, 2 weeks after the Official Bank Rate is announced; Next Release: Mar 17, 2010 FF Notes: The breakdown of the MPC members' interest rate votes tends to be the most important part of the minutes. The vote is reported in an 'X-X-X' format - the first number is how many voted to increase rates, the second number is how many voted for a rate reduction, and the third is how many voted to hold rates; Why Traders Care: It's a detailed record of the BOE MPC's most recent meeting, providing in-depth insights into the economic conditions that influenced their vote on where to set interest rates, and offering clues on the outcome of future votes; Acro Expand: Bank of England (BOE), Monetary Policy Committee (MPC);
12:30	GBP	medium	Average Earnings Index 3m/y
Measures: Change in the price businesses and the government pay for labor, including bonuses; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 45 days after the month ends; Next Release: Mar 17, 2010 FF Notes: Data represents the 3-month moving average compared to the same period a year earlier. A figure that excludes bonuses is also released, but not included for lack of significance; Why Traders Care: It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer; Also Called: Average Earnings Including Bonuses;
12:30	GBP	low	Unemployment Rate	7.8%	7.8%	7.8%
Measures: Percentage of total work force that is unemployed and actively seeking employment during the past 3 months; Frequency: Released monthly, about 45 days after the month ends; Next Release: Mar 17, 2010 Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor conditions; Also Called: ILO Unemployment Rate, Jobless Rate;
13:00	EUR	low	Trade Balance	5.3B	4.2B	7.0B
Measures: Difference in value between imported and exported goods and services during the reported month; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 45 days after the month ends; Next Release: Mar 18, 2010 FF Notes: This is the seasonally adjusted data (as most FF numbers are), not to be confused with the non-seasonally adjusted number reported by some news agencies. Tends to have a muted impact because Germany and France, which account for about half of the Eurozone's economy, release earlier trade data. A positive Trade Balance indicates that more goods and services were exported than imported;
16:30	CAD	medium	Wholesale Sales m/m	2.7%	0.6%	0.7%
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16:30	USD	high	Building Permits
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16:30	USD	medium	Housing Starts	0.58M	0.58M	0.59M
Measures: Annualized number of new residential buildings that began construction during the previous month; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 17 days after the month ends; Next Release: Mar 16, 2010 FF Notes: While this is monthly data, it's reported in an annualized format (monthly figure x12). This data is slightly overshadowed by Building Permits because they are tightly correlated and a permit must be issued before the house can begin construction; Why Traders Care: It's a leading indicator of economic health because building construction produces a wide-reaching ripple effect. For example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder;
16:30	USD	medium	Import Prices m/m	0.2%	0.9%	1.4%
Measures: Change in the price of imported goods and services purchased domestically; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 12 days after the month ends; Next Release: Mar 16, 2010 FF Notes: This is the earliest government-released inflation data; Why Traders Care: It contributes to inflation for businesses and consumers, especially those who rely heavily on imported goods and services;
17:15	USD	medium	Capacity Utilization Rate	71.9%	72.6%	72.6%
Measures: Percentage of available resources being utilized by manufacturers, mines, and utilities; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 16 days after the month ends; Next Release: Mar 15, 2010 Why Traders Care: It's a leading indicator of consumer inflation - when producers are nearing full capacity they respond by raising prices, and the higher costs are usually passed on to the consumer;
17:15	USD	medium	Industrial Production m/m	0.7%	0.7%	0.9%
Measures: Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 16 days after the month ends; Next Release: Mar 15, 2010 Why Traders Care: It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings; Also Called: Factory Output;
20:35	CAD	medium	Gov Council Member Longworth Speaks
FF Alert : Text of the speech due to be released 15 minutes earlier than the speaking time listed; Speaker: BOC Deputy Governor David Longworth; Description: Due to speak at the Howe Institute, in Toronto; Usual Effect: More hawkish than expected = Good for currency; FF Notes: Governing Council member Apr 2003 - Mar 2010; Why Traders Care: BOC Governing Council members are responsible for setting the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy; Acro Expand: Bank of Canada (BOC);
22:00	USD	high	FOMC Meeting Minutes
Usual Effect: More hawkish than expected = Good for currency; Frequency: Scheduled 8 times per year, 3 weeks after the Federal Funds Rate is announced; Next Release: Apr 6, 2010 Why Traders Care: It's a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic conditions that influenced their vote on where to set interest rates; Acro Expand: Federal Open Market Committee (FOMC);

Thursday, 18 February 2010

Time	Currency	Economic impact	Event	Prev.	Forecast	Fact.
01:20	AUD	medium	RBA Assist Gov Lowe Speaks
Speaker: RBA Assistant Governor (Financial System) Dr. Philip Lowe; Description: Due to speak about the economy at the Center for Economic Development of Australia Economic and Political Overview 2010, in Sydney; Usual Effect: More hawkish than expected = Good for currency; Why Traders Care: He's responsible for advising Reserve Bank Board members - who decide where to set the 3e8 nation's key interest rates - on matters relating to the financial system, and his public engagements are often used to drop subtle clues regarding future policy shifts; Acro Expand: Reserve Bank of Australia (RBA);
03:30	AUD	medium	NAB Quarterly Business Confidence	16	228	18
Measures: Level of a diffusion index based on surveyed businesses, excluding the farming industry; Frequency: Released quarterly, about 30 days after the quarter ends; Next Release: Apr 29, 20 3e8 10 FF Notes: Above 0 indicates improving conditions, below indicates worsening conditions. There's a quarterly and monthly version of this survey - although the monthly survey is more timely, the quarterly version tends to have more impact due to a larger sample size and additional questions regarding expectations; Why Traders Care: It's a leading indicato 3e8 r of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment; Derived Via: Survey of about 1,000 businesses which asks respondents to rate the relative level of current business conditions and expectations for the near and medium-term future; Acro Expand: Related Items
10:15	CHF	medium	Trade Balance	1.36B	1.79B	2.42B
Measures: Difference in value between imported and exported goods during the reported month; Frequency: Released monthly, about 22 days after the month ends; Next Release: Mar 22, 2010 Why Traders Care: Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers;
12:30	GBP	medium	Public Sector Net Borrowing	14.0B	-2.4B	4.3B
Measures: Difference in value between spending and income for public corporations, the central government, and local governments during the previous month; Usual Effect: No consistent effect - there are both debt and investment implications; Frequency: Released monthly, on the fourteenth business day after the month ends; Next Release: Mar 18, 2010 FF Notes: A positive number indicates a budget deficit, a negative number indicates a surplus;
12:30	GBP	low	Prelim M4 Money Supply m/m	-0.9%	0.6%	0.6%
Measures: Change in the total quantity of domestic currency in circulation and deposited in banks; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the fourteenth business day after the month ends; Next Release: Mar 18, 2010 FF Notes: There are 2 versions of this data released about 10 days apart - Preliminary and Final. The Final is not included for lack of significance; Why Traders Care: It's positively correlated with interest rates - early in the economic cycle an increasing supply of money leads to additional spending and investment, and later in the cycle expanding money supply leads to inflation;
13:00	CHF	medium	ZEW Economic Expectations	56.2		52.5
Measures: Level of a diffusion index based on surveyed institutional investors and analysts; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, around the middle of the current month; Next Release: Mar 18, 2010 FF Notes: Above 0.0 indicates optimism, below indicates pessimism; Why Traders Care: It's a leading indicator of economic health - investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity; Derived Via: Survey of institutional investors and analysts which asks respondents to rate the relative 6-month economic outlook for Switzerland; Also Called: ZEW/Credit Suisse Economic Expectations; Acro Expand: Related Items
14:00	GBP	medium	CBI Industrial Order Expectations	-39	-35	-36
Measures: Level of a diffusion index based on surveyed manufacturers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, around 3 weeks into the current month; Next Release: Mar 17, 2010 FF Notes: Above 0 indicates increasing order volume is expected, below indicates expectations are for lower volume; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their expectations can be an early signal of future economic activity such as spending, hiring, and investment; Derived Via: Survey of about 550 manufacturers which asks respondents to rate the relative level of order volume expected during the next 3 months; Also Called: Industrial Trends Survey;
15:00	CAD	high	Core CPI m/m	-0.3%	0.1%
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15:00	CAD	medium	CPI m/m	-0.3%	0.3%
Measures: Change in the price of goods and services purchased by consumers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 19 days after the month ends; Next Release: Mar 18, 2010 FF Notes: This is among the few non-seasonally adjusted numbers reported on the calendar, as it's the calculation most commonly reported. This is the most important inflation-related release due to it's earliness and broad scope; Why Traders Care: Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate; Derived Via: The average price of various goods and services are sampled and then compared to the previous sampling; Also Called: All Items CPI; Acro Expand: Consumer Price Index (CPI);
16:30	CAD		Foreign Securities Purchases
Measures: Total value of domestic stocks, bonds, and money-market assets purchased by foreigners during the reported month; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 50 days after the month ends; Next Release: Mar 18, 2010 Why Traders Care: Demand for domestic securities and currency demand are directly linked because foreigners must buy the domestic currency to purchase the nation's securities; Also Called: International Transactions in Securities;
16:30	USD	high	PPI m/m	0.4%	0.8%
Measures: Change in the price of finished goods and services sold by producers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 15 days after the month ends; Next Release: Mar 17, 2010 FF Notes: Tends to have more impact when it's released ahead of the CPI data because the reports are significantly correlated; Why Traders Care: It's a leading indicator of consumer inflation - when producers charge more for goods and services the higher costs are usually passed on to the consumer; Also Called: Finished Goods PPI. Wholesale Prices; Acro Expand: Producer Price Index (PPI);
16:30	USD	high	Unemployment Claims	440K	440K
Measures: The number of individuals who filed for unemployment insurance for the first time during the past week; Frequency: Released weekly, 5 days after the week ends; Next Release: Feb 25, 2010 FF Notes: This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes; Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health be 3e8 cause consumer spending is highly correlated with labor conditions; Also Called: Jobless Claims, Initial Claims;
16:30	USD	medium	Core PPI m/m	0.0%	0.2%
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18:00	USD	high	Philly Fed Manufacturing Index	15.2	17.2
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18:00	USD	low	CB Leading Index m/m	1.1%	0.6%
Measures: Change in the level of a composite index based on 10 economic indicators; Frequency: Released monthly, about 20 days after the month ends; Next Release: Mar 18, 2010 FF Notes: This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously; Derived Via: Combined reading of 10 economic indicators related to employment, production, new orders, consumer confidence, housing, stock market prices, money supply, and interest rate 3e8 spreads; Also Called: Leading Indicators; Acro Expand: The Conference Board (CB);
18:30	USD		Natural Gas Storage
Measures: Change in the number of cubic feet of natural gas held in underground storage during the past week; Usual Effect: No consistent effect - there are both inflationary and growth implications; Frequency: Released weekly, 5 days after the week ends; Next Release: Feb 25, 2010 FF Notes: While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector; Also Called: Nat Gas Stocks, Nat Gas Inventories; Acro Expand: Energy Information Administration (EIA);
18:30	CAD	low	BOC Review
Usual Effect: More hawkish than expected = Good for currency; Frequency: Released quarterly; Next Release: May 18, 2010 FF Notes: This report includes articles related to the economy and central banking, written by analysts from the Department of Monetary and Financial 3e8 Analysis; Acro Expand: Bank of Canada (BOC);
19:00	USD	medium	Crude Oil Inventories	2.4M	1.5M
Measures: Change in the number of barrels of crude oil held in inventory by commercial firms during the past week; Usual Effect: No consistent effect - there are both inflationary and growth implications; Frequency: Released weekly, 4 days after the week ends; Next Release: Feb 24, 2010 FF Notes: While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector; Why Traders Care: It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods; Also Called: Crude Stocks, Crude Levels; Acro Expand: Energy Information Administration (EIA);
22:00	GBP	medium	MPC Member Fisher Speaks
Speaker: BOE Executive Director Paul Fisher; Description: Due to speak at the Association of Corporate Treasurers, in London; Usual Effect: More hawkish than expected = Good for currency; FF Notes: MPC voting member Mar 2009 - Feb 2012; Why Traders Care: BOE MPC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy; Acro Expand: Bank of England (BOE), Monetary Policy Committee (MPC);

Friday, 19 February 2010

Time	Currency	Economic impact	Event	Prev.	Forecast	Fact.
00:10	EUR	medium	CPI y/y	1.0%	1.0%	1.0%
Measures: Change in the price of goods and services purchased by consumers; Frequency: Released monthly, about 15 days after the month ends; Next Release: Mar 16, 2010 FF Notes: The 'Previous' listed is the 'Actual' from the CPI Flash Estimate and therefore the 'History' data will appear unconnected. This is considered the Eurozone's most important inflation data because it's used as the central bank's inflation target, but it tends to have a relatively mild impact as the CPI Flash Estimate and German Prelim CPI are released about 15 days earlier; Why Traders Care: Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate; Acro Expand: Consumer Price Index (CPI);
00:10	EUR	medium	Core CPI y/y	1.1%	1.2%	0.9%
Measures: Change in the price of goods and services purchased by consumers, excluding food, energy, alcohol, and tobacco; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 15 days after the month ends; Next Release: Mar 16, 2010 FF Notes: The Core data has a mild impact relative to other countries because overall CPI is the central bank's mandated inflation target; Acro Expand: Consumer Price Index (CPI);
00:10	USD	high	Existing Home Sales	5.44M	5.51M	5.05M
Measures: Annualized number of residential buildings that were sold during the previous month, excluding new construction; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 24 days after the month ends; Next Release: Mar 23, 2010 FF Notes: While this is monthly data, it's reported in an annualized format (monthly figure x12). Existing homes make up the majority of total sales and therefore tend to have more impact than New Home Sales; Why Traders Care: It's a leading indicator of economic health because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction; Also Called: Home Resales;
01:30	AUD	high	RBA Gov Stevens Speaks
Speaker: RBA Governor Glenn Stevens; Description: Due to testify before the House of Representatives Standing Committee on Economics, in Canberra; Usual Effect: More hawkish than expected = Good for currency; FF Notes: RBA Governor Sep 2006 - Sep 2013. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues; Why Traders Care: As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy; Acro Expand: Reserve Bank of Australia (RBA);
02:00	USD	low	FOMC Member Duke Speaks
Speaker: Federal Reserve Governor Elizabeth Duke; Description: Due to speak about her first year at the Federal Reserve at the Economic Club of Hampton Roads Annual Impact Award, in [city]. Audience questions expected; Usual Effect: More hawkish than expected = Good for currency; FF Notes: FOMC voting member Aug 2008 - Jan 2012; Why Traders Care: Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy; Acro Expand: Federal Open Market Committee (FOMC);
04:30	USD	medium	FOMC Member Bullard Speaks
Speaker: Federal Reserve Bank of St Louis President James Bullard; Description: Due to deliver a speech titled "The US Economy: A Report from Main Street" at the Economic Club, in Memphis. Audience questions expected; Usual Effect: More hawkish than expected = Good for currency; Next Release: Feb 24, 2010 FF Notes: 2010 FOMC voting member; Why Traders Care: Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy; Acro Expand: Federal Open Market Committee (FOMC);
05:00	NZD	low	Credit Card Spending y/y	1.8%
Measures: Change in total spending facilitated with a credit card; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 21 days after the month ends; Next Release: Mar 19, 2010 Why Traders Care: It's correlated with consumer spending and confidence - rising debt levels are a sign that lenders feel comfortable issuing loans, and that consumers are confident in their financial position and eager to spend money;
07:30	JPY	low	All Industries Activity m/m	0.1%	0.3%
Measures: Change in the total value of goods and services purchased by businesses; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 50 days after the month ends; Next Release: Mar 24, 2010 FF Notes: 23b7 Tends to have a muted impact because the services data, which accounts for around 60% of total industry activity, is covered in the Tertiary Industry Activity report released about a week earlier; Why Traders Care: It's a leading indicator of economic health - businesses are quickly affected by market conditions, and changes in their spending can be an early signal of future economic activity such as hiring, earnings, and investment;
08:00	JPY	medium	BOJ Monthly Report
Usual Effect: More hawkish than expected = Good for currency; Frequency: Released monthly; Next Release: Mar 18, 2010 Why Traders Care: It contains the statistical data that the BOJ Policy Board members evaluated when making the latest interest rate decision, and 3e8 provides detailed analysis of current and future economic conditions from the bank's viewpoint; Also Called: Monthly Report of Recent Economic and Financial Developments; Acro Expand: Bank of Japan (BOJ);
10:00	EUR	medium	German PPI m/m
Measures: Change in the price of goods sold by manufacturers; Frequency: Released monthly, about 20 days after the month ends; Next Release: Mar 19, 2010 Why Traders Care: It's a leading indicator of consumer inflation - when manufacturers charge more for goods the higher costs are usually passed on to the consumer; Acro Expand: Producer Price Index (PPI);
11:00	EUR	medium	French Flash Manufacturing PMI	55.4	55.3
Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry; Frequency: Released monthly, around 3 weeks into the current month; Next Release: Mar 23, 2010 FF Notes: Data is given to Thomson Reuters subscribers 2 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart � Flash and Final. The Flash release, which the source first reported in Mar 2008, is the earliest and thus tends to have the most impact. The Final is not reported for lack of significance. Full reports are only available to journalists registered with Markit; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; Derived Via: Survey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Acro Expand: Purchasing Managers' Index (PMI);
11:00	EUR	medium	French Flash Services PMI	56.3	56.4
Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry; U 3e8 sual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, around 3 weeks into the current month; Next Release: Mar 23, 2010 FF Notes: Data is given to Thomson Reuters subscribers 2 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart � Flash and Final. The Flash release, which the source first reported in Mar 2008, is the earliest and thus tends to have the most impact. The Final is not reported for lack of significance. Full reports are only available to journalists registered with Markit; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; Derived Via: Survey of about 500 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Acro Expand: Purchasing Managers' Index (PMI);
11:30	EUR	medium	German Flash Manufacturing PMI
Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, around 3 weeks into the current month; Next Release: Mar 23, 2010 FF Notes: Data is given to Thomson Reuters subscribers 2 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart � Flash and Final. The Flash release, which the source first reported in Mar 2008, is the earliest and thus tends to have the most impact. The Final is not reported for lack of significance. Full reports are only available to journalists registered with Markit; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; Derived Via: Survey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Acro Expand: Purchasing Managers' Index (PMI);
11:30	EUR	medium	German Flash Services PMI	52.2	52.5
Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, around 3 weeks into the current month; Next Release: Mar 23, 2010 FF Notes: Data is given to Thomson Reuters subscribers 2 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart � Flash and Final. The Flash release, which the source first reported in Mar 2008, is the earliest and thus tends to have the most impact. The Final is not reported for lack of significance. Full reports are only available to journalists registered with Markit; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; Derived Via: Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Acro Expand: Purchasing Managers' Index (PMI);
11:30	EUR	medium	German Flash Manufacturing PMI	53.7	54.1
This indicator is a derivative of the Consumer Price Index (CPI) that excludes the volatile food and energy items.
12:00	EUR	medium	Current Account	0.1B	-0.6B
Measures: Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the previous month; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 22 days after the month ends; Next Release: Mar 18, 2010 FF Notes: This is the seasonally adjusted data (as most FF numbers are), not to be confused with the non-seasonally adjusted number reported by some news agencies. The goods portion has no impact because it's a duplicate of the Trade Balance data released about a week earlier; Why Traders Care: It's directly linked to currency demand - a rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the country;
12:00	EUR	medium	Flash Manufacturing PMI	52.4	52.8
Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, around 3 weeks into the current month; Next Release: Mar 23, 2010 FF Notes: Data is given to Thomson Reuters subscribers 2 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart � Flash and Final. The Flash release, which the source first reported in Jun 2007, is the earliest and thus tends to have the most impact. Full reports are only available to journalists registered with Markit; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; Derived Via: Survey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Acro Expand: Purchasing Managers' Index (PMI);
12:00	EUR	medium	Flash Services PMI	52.5	52.6
Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, around 3 weeks into the current month; Next Release: Mar 23, 2010 FF Notes: Data is given to Thomson Reuters subscribers 2 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart � Flash and Final. The Flash release, which the source first reported in Jun 2007, is the earliest and thus tends to have the most impact. Full reports are only available to journalists registered with Markit; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; Derived Via: Survey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Acro Expand: Purchasing Managers' Index (PMI);
12:30	GBP	high	Retail Sales m/m	0.3%	-0.5%
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16:00	USD	low	FOMC Member Dudley Speaks
Speaker: Federal Reserve Bank of New York President William Dudley; Description: Due to speak at the New Economy 2010 Economic Conference, in San Juan. Audience questions expected; Usual Effect: More hawkish than expected = Good for currency; FF Notes: FOMC voting member Jan 2009 - Jan 2020; Why Traders Care: Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy; Acro Expand: Federal Open Market Committee (FOMC);
16:30	CAD	high	Core Retail Sales m/m	0.0%	0.4%
Measures: Change in the total value of sales at the retail level, excluding automobiles; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 50 days after the month ends; Next Release: Mar 19, 2010 FF Notes: Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends; Also Called: Retail Sales Ex Autos;
16:30	CAD	medium	Leading Index m/m	1.5%	0.6%
Measures: Change in the level of a composite index based on 10 economic indicators; Usual Effe 3e8 ct: Actual > Forecast = Good for currency; Frequency: Released monthly, about 19 days after the month ends; Next Release: Mar 23, 2010 FF Notes: This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously; Derived Via: Combined reading of 10 economic indicators related to employment, production, new orders, consumer confidence, housing, stock market prices, money supply, and interest rate spreads; Also Called: Leading Indicators;
16:30	CAD	medium	Retail Sales m/m	-0.3%	1.1%
Measures: Change in the total value of sales at the retail level; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 50 days after the month ends; Next Release: Mar 19, 2010 Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;
16:30	USD	high	Core CPI m/m	0.1%	0.2%
Measures: Change in the price of goods and services purchased by consumers, excluding food and energy; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 15 days after the month ends; Next Release: Mar 19, 2010 FF Notes: Food and energy prices account for about a quarter of CPI, but they tend to be very volatile and distort the underlying trend. The FOMC usually pays the most attention to the Core data - so do traders; Why Traders Care: Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate; Also Called: CPI Ex Food and Energy, Underlying CPI; Acro Expand: Consumer Price Index (CPI);
16:30	USD	medium	CPI m/m	0.1%	0.3%
Measures: Change in the price of goods and services purchased by consumers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 15 days after the month ends; Next Release: Mar 19, 2010 Why Traders Care: Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate; Derived Via: The average price of various goods and services are sampled and then compared to the previous sampling; Acro Expand: Consumer Price Index (CPI);

Saturday, 20 February 2010

Time	Currency	Economic impact	Event	Prev.	Forecast	Fact.
06:10	CHF	high	KOF Economic Barometer	1.81	1.81	1.87
Measures: Level of a composite index based on 12 economic indicators; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, around the end of the current month; Next Release: Mar 26, 2010 FF Notes: This index is designed to predict the direction of the economy over the following 6 months. The impact tends to be significant but varies from month to month. Source changed series calculation formula as of April 2006; Derived Via: Combined reading of 12 economic indicators related to banking confidence, production, new orders, consumer confidence and housing; Also Called: KOF Leading Indicators, Konjunkturbarometer;
06:10	USD	high	Prelim GDP q/q	5.7%	5.6%	5.9%
Measures: Annualized change in the inflation-adjusted value of all goods and services produced by the economy; Usua 3e8 l Effect: Actual > Forecast = Good for currency; Frequency: Released quarterly, about 60 days after the quarter ends; Next Release: May 27, 2010 FF Notes: While this is q/q data, it's reported in an annualized format (quarterly change x4). The 'Previous' listed is the 'Actual' from the Advance release and therefore the 'History' data will appear unconnected. There are 3 versions of GDP released a month apart - Advance, Preliminary, and Final. The Advance release is the earliest and thus tends to have the most impact; Why Traders Care: Also Called Acro Expand: Gross Domestic Product (GDP);
06:10	USD	low	Prelim GDP Price Index q/q	0.6%	0.6%	0.4%
Measures: Annualized change in the price of all goods and services included in GDP; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released quarterly, about 60 days after the quarter ends; Next Release: May 27, 2010 FF Notes: While this is q/q data, it's reported in an annualized format (quarterly change x4). The 'Previous' listed is the 'Actual' from the Advance release and therefore the 'History' data will appear unconnected; Also Called: GDP Deflator; Acro Expand: Gross Domestic Product (GDP);
21:10	USD	medium	Chicago PMI	61.5	59.6	62.6
Measures: Level of a diffusion index based on surveyed purchasing managers in the Chicago area; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the last business day of the current month; Next Release: Mar 31, 2010 FF Notes: Data is given to Kingsbury subscribers 3 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates expansion, below indicates contraction; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; Derived Via: Survey of purchasing managers in Chicago which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Also Called: Chicago Business Barometer; Acro Expand: Purchasing Managers' Index (PMI);

Sunday, 21 February 2010

Time	Currency	Economic impact	Event	Prev.	Forecast	Fact.
07:10	USD	low	Revised UoM Inflation Expectations	2.7%		2.7%
Measures: Percentage that consumers expect the price of goods and services to change during the next 12 months; Frequency: Released monthly, usually on the last Friday of the current month; Next Release: Mar 26, 201 3e8 0 FF Notes: The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are 2 versions of this data released about 15 days apart � Preliminary and Revised. The Preliminary release is the earliest and thus tends to have more impact; Derived Via: Survey of about 500 consumers which asks respo 3e8 ndents where they expect prices to be 12 months in the future; Acro Expand: University of Michigan (UoM);

Symbol	Bid	Ask
EURUSD	1.4384	1.4386
GBPUSD	1.5957	1.5960
USDJPY	91.52	91.55
USDCHF	1.0356	1.0360
AUDUSD	0.8871	0.8875
USDCAD	1.0475	1.0479
EURGBP	0.9012	0.9017
EURCHF	1.4899	1.4904
EURJPY	131.65	131.69
CADJPY	87.32	87.41
GBPCHF	1.6527	1.6538
GBPJPY	146.05	146.12
NZDUSD	0.7085	0.7089
NZDJPY	64.82	64.90
SILVER	17.59	17.64
GOLD	1112.30	1113.30

Charts

07:53:03 GMT+1

28 Dec 2009