This is a list of the major events (News) for February 14 – February 18, 2011 that will move the markets around the globe.
All times are given in GMT .
* AUD – Home Loans : Monday, February 14, 2011, 12:30am It’s a leading indicator of demand in the housing market – most homes are financed, so it provides an excellent gauge of how many qualified buyers are entering the market.
Previous 2.5%, Forecast 1.6%
* CNY – Trade Balance : Monday, February 14, 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
* AUD – Monetary Policy Meeting Minutes : Tuesday, February 15, 2011, 12:30am
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
* CNY – CPI : Tuesday, February 15, 2011, 2:00am
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to respond by raising interest rates
Previous 4.6%, Forecast 5.5%
* JPY – Monetary Policy Statement : Tuesday, February 15, 2011, Tentative
It’s among the primary tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions
* JPY – Overnight Call Rate : Tuesday, February 15, 2011, Tentative
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 <0.10%, Forecast <0.10%
* JPY – BOJ Press Conference : Tuesday, February 15, 2011, Tentative
It’s among the primary methods the BOJ uses to communicate with investors regarding monetary policy. It covers the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy
* EUR – German Prelim GDP : Tuesday, February 15, 2011, 7:00am
It’s the broadest measure of economic activity and the primary gauge of the economy’s health
Previous 0.7%, Forecast 0.5%
* GBP – CPI : Tuesday, February 15, 2011, 9:30am
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
Previous 3.7%, Forecast 4.0%
* EUR – German ZEW Economic Sentiment :Tuesday,February 15, 2011, 10:00am
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
Previous 15.4, Forecast 20.2
* GBP – BOE Inflation Letter : Tuesday, February 15, 2011, Tentative
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 address the situation
* USD – Core Retail Sales : Tuesday, February 15, 2011, 1:30pm
ForexFactory.com 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
Previous 0.5%, Forecast 0.6%
* USD – Retail Sales : Tuesday, February 15, 2011, 1:30pm
It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity
Previous 0.6%, Forecast 0.5%
* USD – TIC Long-Term Purchases : Tuesday, February 15, 2011, 2:00pm
Demand for domestic securities and currency demand are directly linked because foreigners must buy the domestic currency to purchase the nation’s securities
Previous 85.1B, Forecast 91.3B
* GBP – Claimant Count Change : Wednesday, February 16, 2011, 9:30am
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 -4.1K, Forecast -3.3K
* GBP – BOE Gov King Speaks : Wednesday, February 16, 2011, 10:30am
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 – BOE Inflation Report : Wednesday, February 16, 2011, 10:30am
It provides valuable insight into the bank’s view of economic conditions and inflation – the key factors that will shape the future of monetary policy and influence their interest rate decisions
* USD – Building Permits : Wednesday, February 16, 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 0.63M, Forecast 0.57M
* USD – PPI : Wednesday, February 16, 2011, 1:30pm
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
Previous 1.1%, Forecast 0.9%
* USD – FOMC Meeting Minutes : Wednesday, February 16, 2011, 7:00pm
It’s a detailed record of the FOMC’s most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates
* NZD – PPI Input : Wednesday, February 16, 2011, 9:45pm
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 0.7%, Forecast 0.4%
* USD – Core CPI : Thursday, February 17, 2011, 1:30pm
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
Previous 0.1%, Forecast 0.2%
* USD – Unemployment Claims : Thursday, February 17, 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 383K, Forecast 401K
* USD – Fed Chairman Bernanke Testifies : Thursday, February 17, 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
* USD – Philly Fed Manufacturing Index : Thursday, February 17, 2011, 3:00pm
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
Previous 19.3, Forecast 20.8
* GBP – Retail Sales : Friday, February 18, 2011, 9:30am
It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity
Previous -0.8%, Forecast 0.6%
* CAD – Core CPI : Friday, February 18, 2011, 12:00pm
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
Previous -0.3%, Forecast 0.2%
* USD – Fed Chairman Bernanke Speaks : Friday, February 18, 2011, 1:00pm
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
* GBP – BOE Gov King Speaks : Friday, February 18, 2011, 1:20pm
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
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