Economic Calendar 26 April - 30 April

 

DATE	TIME	CRNCY	EVENT	ACTUAL	FORECAST	PREVIOUS
Sun		USD	USD IMF, World Bank, G-20, G-7 Meet in Washington D.C.
25-Apr
Tue	14:00	USD	USD Consumer Confidence (APR)		53.5	52.5
27-Apr
Wed		EUR	EUR German Consumer Price Index (YoY) (APR P)			1.10%
28-Apr
		EUR	EUR German Consumer Price Index - EU Harmonised (YoY) (APR P)			1.20%
	1:30	AUD	AUD Consumer Prices Index (YoY) (1Q)		2.80%	2.10%
	18:15	USD	USD Federal Open Market Committee Interest Rate Decision		0.25%	0.25%
	21:00	NZD	NZD Reserve Bank of New Zealand Interest Rate Decision		2.50%	2.50%
Thu	7:55	EUR	EUR German Unemployment Change (APR)		-10K	-31K
29-Apr
	9:00	EUR	EUR Euro-Zone Industrial Confidence (APR)		-8	-10
Fri		JPY	JPY Bank of Japan Interest Rate Decision		0.10%	0.10%
30-Apr
	12:30	USD	USD Gross Domestic Product Price Index (1Q A)			0.50%
	12:30	USD	USD Gross Domestic Product (Annualized) (1Q A)		3.40%	5.60%
	13:55	USD	USD U. of Michigan Confidence (APR F)		71	69.5

 

 

Interest Rate Decisions

Interest rates decisions news flashes provide guidelines for the overnight lending rate which are bound to have an effect on businesses and consumers alike. An upward surge in the cost of living - inflation and a runaway economy is slowed by hiking the interest rates. Lowering interest rates rejuvenates an economy from the doldrums by enabling consumers to get easy credit thus increasing consumption. Currencies strengthen when interest rates move north and weaken when the rates move southwards.

 

 Change in Employment

Change in employment index compares the employment to the unemployment rates in a certain economy. The index which is calculated by economist is used to predict future spending and consumption pertains which are likely to occur due to change of one of the parameters. An economy can either grow or contract depending on which of the two parameters changes.

 

Consumer Price Index (CPI)

CPI is one of the most reliable parameters used to gauge the extent of inflation on the economy. Every household spends money on some basic commodities and utilities, these items are collectively referred to as “the consumer basket”. By monitoring the changes in price of the consumer basket, economists are able to predict the interest trends. This is largely due to the fact that central bank will more often than not act to tame inflation by raising interest rates and vice versa. The adjustments of interest rates to keep consumer basket within the majorities reach will affect the underlying currency either strengthening or weakening it.

 

Retail Sales

Retails sales are good pointers of the state of the economy. When the economy is strong and growing, retails sales escalate and consumer are more willing to spend money on luxury goods. Conversely, a shrinking economy is characterized by a reduction in retail sales and cautious spending by consumers.

 

Trade Balance

This is simply the difference between total exports and total exports between two or more trading nations. Multinational trade involves the export and import of goods and services between nations. When one country exports more than it imports the net effect is a trade surplus. The reverse of this is known as trade deficit. Great emphasis is placed on Trade Balance Report as it shows the movement of goods and services between nations. Countries with trade surplus usually have stronger economies as there have more money in than what there are spending.

 

Gross Domestic Product – GDP

GDP is derived at by measuring the consumers’ ability to consume / afford goods and services produced within their economy. A strong GDP is a sign of a robust economy which should be checked for inflation - rising interest rates - while a weak GDP could be interpreted to indicate a recession meaning interest rates are likely to head south.

 

ISM Manufacturing Survey

This survey gauges the mood and sentiments of companies’ top brass, decision and policy makers towards inflation. The centerpiece of this survey is their take on business outlook - new business, production capacities, backlogs, inventory levels and manpower issues. A 50 points scale is used to interpret the findings with value 50 indicating expansion, while values below 50 are a sign of recession

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Economic Calendar 5 April - 9 April

DATE	TIME	CRNCY	EVENT	ACTUAL	FORECAST	PREVIOUS
Mon	15:30	USD	Federal Reserve Scheduled to Review the Discount Lending Rate
5-Apr
Tue	4:30	AUD	AUD Reserve Bank of Australia Interest Rate Decision		4.25%	4.00%
6-Apr
Wed		JPY	JPY Bank of Japan Interest Rate Decision		0.10%	0.10%
7-Apr
	9:00	EUR	EUR Euro-Zone Gross Domestic Product s.a. (QoQ) (4Q F)		0.10%	0.10%
	9:00	EUR	EUR Euro-Zone Gross Domestic Product s.a. (YoY) (4Q F)		-2.10%	-2.10%
Thu	1:30	AUD	AUD Employment Change (MAR)		20.0K	0.4K
8-Apr
	11:00	GBP	GBP Bank of England Asset Purchase Target		200B	200B
	11:00	GBP	GBP Bank of England Interest Rate Decision		0.50%	0.50%
	11:45	EUR	EUR European Central Bank Interest Rate Decision		1.00%	1.00%
	12:30	EUR	EUR ECB President Jean-Claude Trichet Holds Press Conference
Fri	11:00	CAD	CAD Net Change in Employment (MAR)		25.0K	20.9K
9-Apr

 

Interest Rate Decisions

Interest rates decisions news flashes provide guidelines for the overnight lending rate which are bound to have an effect on businesses and consumers alike. An upward surge in the cost of living - inflation and a runaway economy is slowed by hiking the interest rates. Lowering interest rates rejuvenates an economy from the doldrums by enabling consumers to get easy credit thus increasing consumption. Currencies strengthen when interest rates move north and weaken when the rates move southwards.

 

 Change in Employment

Change in employment index compares the employment to the unemployment rates in a certain economy. The index which is calculated by economist is used to predict future spending and consumption pertains which are likely to occur due to change of one of the parameters. An economy can either grow or contract depending on which of the two parameters changes.

 

Consumer Price Index (CPI)

CPI is one of the most reliable parameters used to gauge the extent of inflation on the economy. Every household spends money on some basic commodities and utilities, these items are collectively referred to as “the consumer basket”. By monitoring the changes in price of the consumer basket, economists are able to predict the interest trends. This is largely due to the fact that central bank will more often than not act to tame inflation by raising interest rates and vice versa. The adjustments of interest rates to keep consumer basket within the majorities reach will affect the underlying currency either strengthening or weakening it.

 

Retail Sales

Retails sales are good pointers of the state of the economy. When the economy is strong and growing, retails sales escalate and consumer are more willing to spend money on luxury goods. Conversely, a shrinking economy is characterized by a reduction in retail sales and cautious spending by consumers.

 

Trade Balance

This is simply the difference between total exports and total exports between two or more trading nations. Multinational trade involves the export and import of goods and services between nations. When one country exports more than it imports the net effect is a trade surplus. The reverse of this is known as trade deficit. Great emphasis is placed on Trade Balance Report as it shows the movement of goods and services between nations. Countries with trade surplus usually have stronger economies as there have more money in than what there are spending.

 

Gross Domestic Product – GDP

GDP is derived at by measuring the consumers’ ability to consume / afford goods and services produced within their economy. A strong GDP is a sign of a robust economy which should be checked for inflation - rising interest rates - while a weak GDP could be interpreted to indicate a recession meaning interest rates are likely to head south.

 

ISM Manufacturing Survey

This survey gauges the mood and sentiments of companies’ top brass, decision and policy makers towards inflation. The centerpiece of this survey is their take on business outlook - new business, production capacities, backlogs, inventory levels and manpower issues. A 50 points scale is used to interpret the findings with value 50 indicating expansion, while values below 50 are a sign of recession

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Daily FX Profit Signal April 2nd, 2010

With Europe done for the week, we’re looking for an exciting NY trading session as the release of Non-Farm Payrolls will be our last chance to see volatility. The last few days of trading have been filled with risk appetite and we’ve seen the dollar continue giving up ground to the majors. The biggest news release of the last 24 hours was the SNB intervention that gave the euro a run of nearly 350 pips in less than 10 minutes. We were expecting such a move, but weren’t able to catch it ourselves. We still think the CHF
will continue strengthening despite SNB’s efforts, just as it had in the past year. Our goal in the next 24 hours is to find an opportunity for a trade during the NFP release.

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