This is a list of the major events (News) for February 07 – February 11, 2011 that will move the markets around the globe.
All times are given in GMT .
* AUD – ANZ Job Advertisements : Monday, February 7, 2011, 12:30am
It’s measures change in the number of jobs advertised in the major daily newspapers and websites covering the capital cities
Previous 2.0%, Forecast
* AUD – Retail Sales : Monday, February 7, 2011, 12:30am
It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
Previous 0.3%, Forecast 0.5%
* CAD – Building Permits : Monday, February 7, 2011, 1:30pm
It’s an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building
Previous -11.2%, Forecast 2.9%
* CAD – Housing Starts : Tuesday, February 8, 2011, 1:15pm
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.
Previous 168K, Forecast 171K
* USD – Fed Chairman Bernanke Testifies : Wednesday, February 9, 2011, 3:00pm
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
* AUD – Employment Change : Thursday, February 10, 2011, 12:30am
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity
Previous 2.3K, Forecast 20.3K
* AUD – Unemployment Rate : Thursday, February 10, 2011, 12:30am
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-market conditions.
Previous 5.0%, Forecast 5.0%
* CNY – Trade Balance : Thursday, February 10, 2011, Tentative
Export demand and currency demand are directly linked because foreigners usually buy the domestic currency to pay for the nation’s exports. Export demand also impacts production and prices at domestic manufacturers.
Previous 13.1B, Forecast 10.3B
* GBP – Manufacturing Production : Thursday, February 10, 2011, 9:30am
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
Previous 0.6%, Forecast 0.5%
* GBP – Asset Purchase Facility : Thursday, February 10, 2011, 12:00pm
It increases demand for bonds which tends to lower long-term interest rates
Previous 200B, Forecast 200B
* GBP – Official Bank Rate : Thursday, February 10, 2011, 12:00pm
Short term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future
Previous 0.50%, Forecast 0.50%
* GBP – MPC Rate Statement : Thursday, February 10, 2011, Tentative
It’s among the primary tools the MPC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes
* USD – Unemployment Claims : Thursday, February 10, 2011, 1:30pm
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-market conditions
Previous 415K, Forecast 411K
* AUD – RBA Gov Stevens Speaks : Thursday, February 10, 2011, 10:30pm
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
* GBP – PPI Input : Friday, February 11, 2011, 9:30am
It’s a leading indicator of consumer inflation – when manufacturers pay more for goods the higher costs are usually passed on to the consumer
Previous 3.4%, Forecast 1.3%
* CAD – Trade Balance : Friday, February 11, 2011, 1:30pm
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
Previous -0.1B, Forecast -0.4B
* USD – Trade Balance : Friday, February 11, 2011, 1:30pm
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
Previous -38.3B, Forecast -40.4B
* USD – Prelim UoM Consumer Sentiment : Friday, February 11, 2011, 2:55pm
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity
Previous 74.2, Forecast 74.6
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