Ilian Yotov

Economic Events For The Trading Week: March 7 – 12

By Ilian Yotov on | More Posts By | Author's Website

The U.S. Retail Sales and Consumer Sentiment reports, coupled with economic growth and industrial activity data from the world’s largest economies plus two interest rate announcements from the Reserve Bank of New Zealand and the Swiss National Bank, will have the strongest potential to move the markets in the week ahead.

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, Mar. 7 will begin the trading session with the Japanese Current Account of goods, services and transfer of payments into and out of the country, at 6:50 pm, ET, along with the Japanese Money Supply, a measure of the value of all currency and liquid cash assets held by the public, also at 6:50 pm, ET.

Monday, Mar. 8 will start with the Japanese Eco Watchers Survey of economic conditions and consumer spending, at 12:00 am, ET.

The Swiss Unemployment Rate will be released at 1:45 am, ET, followed by the Swiss Retail Sales, an important measure of consumer spending, at 3:15 am, ET.

Economic data from the Euro-zone will bring the closely watched Sentix Investor Confidence Index of investors’ outlook on the economy, at 4:30 am, ET.

An important report will follow with the release of the German Industrial Production, the main gauge of industrial activity in the Euro-zone’s largest economy, at 6:00 am, ET.

News from Canada will deliver the Canadian Housing Starts, a leading indicator of housing market activity measuring new residential construction, at 8:30 am, ET.

The day will conclude with two notable reports- the U.K. RICS- Royal Institution of Chartered Surveyors House Price Balance of changes in home prices, at 7:00 pm, ET, and the British Retail Consortium Retail Sales Monitor, a gauge of consumer spending measuring weekly changes in retail sales, also at 7:00 pm, ET.

The Australian Business Confidence, a monthly survey on the economic outlook of businesses, conducted by National Australia Bank, will wrap up the day at 7:30 pm, ET.

Tuesday, Mar. 9 will start with the Japanese Leading Indicators of economic activity, at 12:00 am, ET, and the Japanese Machine Tool Orders, a leading indicator of industrial activity, at 1:00 am, ET.

The first spotlight event of the week- the Swiss CPI- Consumer Price Index, the main measure of inflation, will hit the newswires at 3:15 am, ET.

The U.K. economic data will bring the U.K. Trade Balance of the difference between imported and exported goods and services, at 4:30 am, ET.

The day will conclude with the Australian Consumer Sentiment Survey of consumers’ outlook on the economy, at 6:30 pm, ET.

The Japanese CGPI- Corporate Goods Price Index, an equivalent to a PPI- Producers Price Index as a measure of inflation experienced by manufacturers and a leading indicator of consumer inflation, will follow at 6:50 pm, ET, along with the Japanese Machinery Orders, a leading indicator of industrial activity, also at 6:50 pm, ET.

The Australian Home Loans, a leading indicator of housing market activity measuring new loans issued for home purchases, will end the day at 7:30 pm, ET.

Wednesday, Mar. 10 will start with the final reading of the German CPI- Consumer Price Index, the main measure of inflation in the Euro-zone’s largest economy, at 2:00 am, ET, along with the German Trade Balance of the difference between imports and exports, also at 2:00 am, ET.

The French Industrial Production, the main gauge of industrial activity in the Euro-zone’s second largest economy, will follow at 2:45 am, ET.

One of the major spotlight economic events of the week will come with the release of the U.K. Industrial Production, the main gauge of industrial activity measuring the output of factories, mines and utilities, at 4:30 am, ET.

The U.S. economic data will bring the U.S. Wholesale Trade, a leading indicator of economic conditions measuring the number of sales and inventories held by wholesalers, at 10:00 am, ET, followed by the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.

The U.S. economic data will continue with a notable report- the Federal Budget Balance, a U.S. Treasury statement of income and spending by the government, scheduled at 2:00 pm, ET.

A spotlight event- the Reserve Bank of New Zealand Interest Rate Announcement will come at 3:00 pm, ET, followed by the New Zealand Business Manufacturing Index of activity in the manufacturing sector of the economy, at 4:30 pm, ET.

One of the major spotlight events of the week will follow with the release of 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 Australian Melbourne Institute Inflation Expectations survey of consumers’ expectations of future inflation will be released at 7:00 pm, ET.

Another spotlight event will bring the Australian Employment Situation and Unemployment Rate, the main gauge of employment trends and labor market conditions, at 7:30 pm, ET.

The day will end with a sequence of important economic reports from the world’s fastest-growing economy which will include the Chinese Industrial Production, the main gauge of industrial activity, the Chinese CPI- Consumer Price Index, the main measure of inflation, and the Chinese Retail Sales, the main gauge of consumer spending, all scheduled at 9:00 pm, ET.

Thursday, Mar. 11 will begin with the European Central Bank’s Monthly Bulletin on monetary policy, inflation and economic conditions in the Euro-zone, at 4:00 am, ET, and the U.K. Consumer Inflation Expectations survey, at 4:30 am, ET.

A major spotlight event will follow with the Swiss National Bank Interest Rate Announcement, scheduled at 8:00 am, ET.

News from Canada will bring the Canadian Trade Balance of the difference between imports and exports, at 8:30 am, ET.

The U.S. economic reports will begin with the U.S. International Trade Balance of the difference between imports and exports of goods and services, at 8:30 am, ET.

The U.S. economic data will continue with the weekly Jobless Claims, an important gauge of labor market conditions measuring new unemployment claims, at 8:30 am, ET, and the EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET.

The day will conclude with two notable economic reports- the New Zealand Retail Sales, the main gauge of consumer spending, at 4:45 pm, ET, and the final reading of the Japanese Industrial Production, the main gauge of industrial activity, at 11:30 pm, ET.

Friday, Mar. 12 will start with a spotlight event- the Euro-zone Industrial Production, the main gauge of industrial activity measuring the output of factories, mines and utilities, at 5:00 am, ET.

Another spotlight event will follow with the releases of the Canadian Employment Situation and Unemployment Rate, the main gauge of employment trends and labor market conditions, at 7:00 am, ET.

One of the main spotlight events of the week- the U.S. Retail Sales, an important gauge of consumer spending, measuring the total sales at retail establishments, will hit the newswires at 8:30 am, ET.

The sequence of spotlight events will continue with the preliminary estimate of the U.S. Consumer Sentiment, the University of Michigan’s monthly survey of 500 households on their financial conditions and outlook of the economy, at 9:55 am, ET.

The trading week will end with the U.S. Business Inventories, a leading indicator of economic conditions measuring the total amount of inventories held by manufacturers, wholesalers, and retailers, scheduled at 10:00 am, ET.

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