Trading Week Outlook: February 14 - 19, 2010
February 14, 2010 | about: SPY / DIA / QQQQ
With the Greek debt crisis still heavy on investors’ minds, the President's Day holiday-shortened week ahead will bring a number of inflation, economic activity and growth data from the world’s largest economies that would continue to shape the outlook of the markets on the state of the global economic recovery.
In preparation for the new trading week, here is a quick look at the most important economic events that every currency trader should pay attention to.
Sunday, Feb. 14 will start with the first spotlight event of the week- the Japanese GDP-Gross Domestic Product, the main measure of economic activity and growth in the world’s second-largest economy, at 6:50 pm, ET.
The day will conclude with two significant economic releases- the U.K. Rightmove House Price Index, an indicator of housing market conditions measuring changes in home prices, at 7:00 pm, ET, and the Japanese Industrial Production, the main gauge of industrial activity measuring the output of factories, mines and utilities, at 11:30 pm, ET.
Monday, Feb. 15 will see the U.S. banks closed in observance of President's Day.
The morning trading session will begin with the Swiss PPI-Producers Price Index, the main measure of wholesale inflation experienced by manufacturers and a leading indicator of consumer inflation, at 3:15 am, ET.
The New Zealand PPI-Producers Price Index, the main measure of wholesale inflation, will follow at 4:45 pm, ET.
The day will end with a notable report- the Reserve Bank of Australia’s Meeting Minutes from the last monetary policy meeting that may provide an outlook on the economy and the bank’s future monetary policy, at 7:30 pm, ET.
Tuesday, Feb. 16 will start with one of the major spotlight events of the week- the U.K. CPI- Consumer Price Index, the main measure of inflation preferred by the Bank of England, scheduled at 4:30 am, ET, along with the U.K. RPI- Retail Price Index of the rate of inflation experienced by consumers when purchasing goods and services, also at 4:30 am, ET.
Another spotlight event will follow with the release of the German and the euro-zone ZEW Institute Economic Sentiment, a survey of the economic outlook and sentiment of institutional investors, at 5:00 am, ET.
The U.S. economic data will begin with the Empire State Manufacturing Survey of manufacturing conditions in New York State, at 8:30 am, ET.
The U.S. TIC- Treasury International Capital, a measure of the attractiveness of the U.S. Dollar, tracking the flows of financial instruments into and out of the United States, will be released at 9:00 am, ET, followed by the U.S. Housing Market Index of housing market conditions based on a combination of current new home sales, expected new home sales for the next six months, as well as traffic of prospective buyers of new homes, at 1:00 pm, ET.
The day will conclude with the Australian Leading Indicators of economic activity, at 6:30 pm, ET, and the Japanese Tertiary Index of activity in the service industries: utilities, transport and telecommunications, wholesale and retail, finance and insurance, real estate and services, due at 6:50 pm, ET.
Wednesday, Feb. 17 will begin with a spotlight event- the Bank of England’s Monetary Policy Committee Meeting Minutes that could provide an outlook on the economy, inflation and the bank’s future monetary policy, scheduled at 4:30 am, ET, along with the U.K. Unemployment Rate, Unemployment Claims and Average Earnings, important gauges of labor market conditions, also at 4:30 am, ET.
The euro-zone Trade Balance of the difference between imports and exports will be released at 5:00 am, ET.
The U.S. economic data will start with a spotlight event- the U.S. Housing Starts and Building Permits, two leading indicators of housing market conditions measuring new residential construction, at 8:30 am, ET.
Another spotlight event will bring the U.S. Industrial Production, the main gauge of industrial activity measuring the output of factories, mines and utilities, at 9:15 am, ET.
The sequence of spotlight events will continue with the U.S. FOMC- Federal Open Markets Committee Meeting Minutes from the Fed’s last monetary policy meeting that may provide an outlook on the economy and the U.S. central bank’s future monetary policy, scheduled at 2:00 pm, ET.
The Australian Business Confidence survey of the economic outlook of businesses will follow at 7:30 pm, ET.
The busy day will end with a spotlight event--the Bank of Japan Interest Rate Announcement, expected around 11:30 pm, ET.
Thursday, Feb. 18 will start with the Swiss Trade Balance of the difference between imports and exports, at 2:15 am, ET, followed by the U.K. Public Sector Net Borrowing, a measure of credit debt and spending by public corporations, at 4:30 am, ET, and the preliminary estimate of the U.K. M4 Money Supply, also at 4:30 am, ET.
More European data will include the Swiss ZEW Institute Economic Expectations Index of investor sentiment, at 5:00 am, ET, and the U.K. Confederation of British Industry Industrial Trends Survey of manufacturing conditions, at 6:00 am, ET.
News from Canada will bring a spotlight event with the release of the Canadian CPI- Consumer Price Index, the main measure of inflation, at 7:00 am, ET, followed by a gauge of the Canadian Dollar’s attractiveness to foreign investors- the Canadian Foreign Securities Purchases, a measure of foreign investments in Canada, at 8:30 am, ET.
The U.S economic reports will begin with the U.S. PPI- Producers Price Index, the main measure of wholesale inflation experienced by manufacturers and a leading indicator of consumer inflation, at 8:30 am, ET, along with the weekly Jobless Claims, an important gauge of labor market conditions measuring new unemployment claims, also at 8:30 am, ET.
The U.S. data will continue with the Philadelphia Fed Survey of manufacturing conditions within the Philadelphia Federal Reserve district, at 10:00 am, ET, and the U.S. Leading Indicators of economic activity, also at 10:00 am, ET.
A notable report from Canada will deliver the Bank of Canada’s Economic Review offering an outlook on inflation, economic conditions and future monetary policy, scheduled at 10:30 am, ET.
More U.S. economic reports will include the EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET, and the EIA- Energy Information Administration Weekly Oil Inventories, at 11:00 am, ET.
The day will end with the Japanese All Industries Index of economic activity in all sectors of the Japanese economy, at 11:30 pm, ET.
Friday, Feb. 19 will begin with the Bank of Japan’s Monthly Report on inflation, economic conditions and future monetary policy, at 12:00 am, ET, followed by the German PPI-Producers Price Index, the main measure of wholesale inflation experienced by manufacturers in the euro-zone’s largest economy, at 2:00 am, ET.
Two notable releases from the euro-zone will bring the French and the German Manufacturing and Services PMI- Purchasing Manager's Indexes, a couple of leading indicators of economic conditions, due at 3:00 am, ET and 3:30 am, ET.
More European news will deliver a spotlight event--the euro-zone Manufacturing and Services PMI- Purchasing Manager's Indexes, two leading indicators of economic conditions measuring the activity of purchasing managers in the manufacturing and service sectors, scheduled at 4:00 am, ET, along with the euro-zone Current Account of goods, services and transfer of payments into and out of the region, also at 4:00 am, ET.
Another two significant economic reports will follow with the release of the U.K. Retail Sales, an important gauge of consumer spending measuring sales at retail establishments, at 4:30 am, ET, and the Canadian Retail Sales, at 8:30 am, ET.
The trading week will end with one of its major spotlight events--the U.S. CPI- Consumer Price Index, the main measure of inflation in the world’s largest economy, scheduled at 8:30 am, ET.
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