Forex news summary for Thursday, 17th September

September 17th, 2009

Retail Sales

Time: 8:30am GMT
Currency: GBP
Impact: High
Source: National Statistics
Description: The change in the total value of retail sales, adjusted for inflation.

Consumer Inflation Expectations

Time: 8:30am GMT
Currency: GBP
Impact: Medium
Source: Bank of England
Description: The amount that consumers expect prices to change as a percentage.

CBI Industrial Order Expectations

Time: 10:00am GMT
Currency: GBP
Impact: Medium
Source: Confederation of British Industry
Description: A diffusion index level based on a survery of manufacturers.

CPI & Core CPI

Time: 11:00am GMT
Currency: CAD
Impact: High
Source: Statistics Canada
Description: The change in the price of goods and services as purchased by consumers.

Libor Rate

Time: 12:00pm GMT
Currency: CHF
Impact: High
Source: Swiss National Bank
Description: This is the London interest rate for the 3-month Swiss Franc deposits.

SNB Monetary Policy Assessment

Time: 12:00pm GMT
Currency: CHF
Impact: High
Source: Swiss National Bank
Description: The SNB’s decision making about interest rates and clues as to future policy.

Leading Index

Time: 12:30pm GMT
Currency: CAD
Impact: Medium
Source: Statistics Canada
Description: This is the change in the level of a composite index which is based upon 10 economic factors.

Building Permits

Time: 12:30pm GMT
Currency: USD
Impact: High
Source: Census Bureau
Description: The number of new building permits issued in the previous month, represented annually.

Unemployment Claims

Time: 12:30pm GMT
Currency: USD
Impact: High
Source: Department of Labor
Description: The number of individuals who have filed for unemployment insurance during the previous week.

Housing Starts

Time: 12:30pm GMT
Currency: USD
Impact: Medium
Source: Census Bureau
Description: The number of new house builds that have begun construction during the previous month.

Philadelphia Federal Reserve Manufacturing Index

Time: 2:00pm GMT
Currency: USD
Impact: Medium
Source: Federal Reserve Bank of Philadelphia
Description: The level of a diffusion index which is based on a survey of manufacturing companies in Philadelphia.

Forex news summary for Tuesday, 15th September

September 15th, 2009

Industrial Production

Time: 7:15am GMT
Currency: CHF
Impact: Medium
Source: Federal Statistical Office
Description: This is the change in the total value of inflation-adjusted output from mines, manufacturers and utilities.

CPI

Time: 8:30am GMT
Currency: GBP
Impact: High
Source: National Statistics
Description: The Consumer Price Index is the leading indicator of inflation and is used by the British Government as their primary measure.

RPI

Time: 8:30am GMT
Currency: GBP
Impact: Medium
Source: National Statistics
Description: The Retail Price Index is the change in the price of goods and services purchased by consumers and is a significant indicator of economic health.

Inflation Report Hearings

Time: 8:45am GMT
Currency: GBP
Impact: High
Source: Parliament
Description: The Bank of England Governor and members of the Monetary Policy Committee testify to the Treasury Committee on the state of the economy, including direct references to the money markets. These can last a few hours, producing sustained periods of volatility.

German ZEW Economic Sentiment

Time: 9:00am GMT
Currency: EUR
Impact: High
Source: ZEW
Description: A diffusion index based on a survey of German institutional investors and analysts.

Labor Productivity

Time: 12:30pm GMT
Currency: CAD
Impact: Medium
Source: Statistics Canada
Description: The change in the efficiency of labour when producing goods and services.

Core Retail Sales

Time: 12:30pm GMT
Currency: USD
Impact: High
Source: Census Bureau
Description: The change in the total value of retail sales excluding the automotive industry.

Retail Sales

Time: 12:30pm GMT
Currency: USD
Impact: High
Source: Census Bureau
Description: The change in the total value of retail sales.

PPI

Time: 12:30pm GMT
Currency: USD
Impact: High
Source: Department of Labour
Description: The change in price of goods and services sold by their producers. At the same time, Core PPI is released which excludes food and energy.

Empire State Manufacturing Index

Time: 12:30pm GMT
Currency: USD
Impact: Medium
Source: Federal Reserve Bank of New York
Description: A diffusion index based on a survey of manufacturing companies in New York state.

Governing Council Member Murrary Speaks

Time: 1:15pm GMT
Currency: CAD
Impact: Medium
Source: Bank of Canada
Description: Bank of Canada Deputy Governor, John Murray will deliver a speech on the health of Canada’s economy.

Federal Reserve Chairman Bernanke Speaks

Time: 2:00pm GMT
Currency: USD
Impact: High
Source: Federal Reserve
Description: The Chairman of the Federal Reserve Bank, Ben Bernanke will deliver a speech on the economy.

Business Inventories

Time: 2:00pm GMT
Currency: USD
Impact: Medium
Source: Census Bureau
Description: The change in the total value of inventory held by retailers, manufacturers and wholesalers.

Forex news summary for Monday, 14th September

September 14th, 2009

Industrial Production

Time: 9:00am GMT
Currency: EUR
Impact: Medium
Source: Eurostat
Description: This is the change in the total value of inflation-adjusted output from mines, manufacturers and utilities.

FOMC Member Lacker Speaks

Time: 4:30pm GMT
Currency: USD
Impact: Medium
Source: Federal Reserve Bank of Richmond
Description: President of the Federal Reserval Bank of Richmond, Jeffrey Lacker will give a speech which may include hints on future monetary policy and questions may be taken from the audience also.

Forex news summary for London session, 9th September

September 9th, 2009

Trade Balance

Time: 8:30am GMT
Currency: GBP
Impact: Medium
Source: National Statistics
Description: The difference in value between imported and exported goods and services.

FOMC Member Evans Speaks

Time: 12:00pm GMT
Currency: USD
Impact: Medium
Source: Federal Reserve Bank of Chicago
Description: Charles Evans may reveal some future policy hints in his speech at “The Great Inflation Debate” in New York today.

Housing Starts

Time: 12:15pm GMT
Currency: CAD
Impact: High
Source: CMHC
Description: The number of new buildings that began construction in the previous month, as an annual representation.

Forex news summary for London session, 7th September

September 8th, 2009

Halifax HPI

Time: 8th-11th September
Currency: GBP
Impact: High
Source: Halifax Bank of Scotland
Description: This is the change in the prices of homes financed by HBOS. The exact release date and time is unknown until close to the announcement itself.

Manufacturing Production

Time: 8:30am GMT
Currency: GBP
Impact: High
Source: National Statistics
Description: This is the change in the total (inflation-adjusted) value of manufacturing output.

German Industrial Production

Time: 10:00am GMT
Currency: EUR
Impact: Medium
Source: Destatis
Description: This is the change in the total (inflation-adjusted) value of manufacturing, mine and utilities output.

Building Permits

Time: 12:30pm GMT
Currency: CAD
Impact: High
Source: Statistics Canada
Description: The change in the total value of new building permits issued.

Forex news for London session, August 28th

August 28th, 2009

If you missed yesterday’s news post, my apologies. A technical glitch meant it never went up. However, it’s back today and there’s plenty to look out for. Don’t forget if you follow me on Twitter you’ll get alerts before each news announcement too. Starting today, they’ll be 15 minutes before the announcement rather than 30 minutes.

Revised GDP

Time: 8:30am GMT
Currency: GBP
Impact: High
Source: National Statistics
Description: This is the change in the inflation-adjusted value of all the goods and services produced by Britain’s economy.

Forex news for London session, 26th August

August 26th, 2009

Some fairly high impact news out today so watch out for movement if your Forex trading strategy includes USD or EUR. Don’t forget to follow updates on Twitter, too.

German Ifo Business Climate

Time: 8:00am GMT
Currency: EUR
Impact: High
Source: Ifo Institute for Economic Research
Description: A leading indicator of economic health, this is the results of a survey of manufacturers, wholesalers, retailers and builders.

Core Durable Goods Orders

Time: 12:30pm GMT
Currency: USD
Impact: High
Source: Census Bureau
Description: This is the change in the total value of purchases recorded by manufacturers for durable goods, not including transportation. Durable goods figures (including transportation) are released simultaneously but with a lesser impact.

New Home Sales

Time: 2:00pm GMT
Currency: USD
Impact: High
Source: Census Bureau
Description: This is the number of new homes purchased in the previous month, represented as an annual figure.

Crude Oil Inventories

Time: 2:30pm GMT
Currency: USD
Impact: Medium
Source: Energy Information Administration
Description: The change in the amount of barrells of oil held by US companies.

FOMC Member Lockhart Speaks

Time: 4:00pm GMT
Currency: USD
Impact: Medium
Source: Federal Reserve Bank of Atlanta
Description: Dennis Lockhart, member of the Federal Open Market Committee will make a speech where he could give clues as to future monetary policy.

Forex news for London session, August 25th

August 25th, 2009

Once again, here is the high and medium impact economic news to look out for during today’s London Forex trading session.

Employment Level

Time: 7:15pm GMT
Currency: CHF
Impact: Medium
Source: Federal Statistical Office
Description: This is the number of people employed during the previous quarter and gives an indication of consumer spending.

Gov Board Member Hildebrand Speaks

Time: 8:15am GMT
Currency: CHF
Impact: Medium
Source: Swiss National Bank
Description: The vice-chairman of the SNB’s governing board will deliver a speech entitled, “Financial Crisis: Two Years Later” which may include hints about future policy.

BBA Mortgage Approvals

Time: 8:30am GMT
Currency: GBP
Impact: Medium
Source: British Banker’s Association
Description: A leading indicator of housing market demand, showing how many people are entering the market.

Gov Member Jordan Speaks

Time: 9:30am GMT
Currency: CHF
Impact: Medium
Source: Swiss National Bank
Description: This speech by a governing member of the Swiss National Bank may provide clues as to future policy.

NBB Business Climate

Time: 1:00pm
Currency: EUR
Impact: Medium
Source: National Bank of Belgium
Description: Results of a highly respected survey of manufacturers, builders, services firms and trade companies.

Standard & Poor’s Composite-20 HPI

Time: 1:00pm GMT
Currency: USD
Impact: Medium
Source: Standard & Poor
Description: This is the change in the price of single-family homes taken from 20 metropolitan areas.

CB Consumer Confidence

Time: 2:00pm
Currency: USD
Impact: High
Source: The Conference Board, Inc.
Description: A consumer confidence index based on surveyed households.

Gov Member Jordan Speaks

Time: 3:15pm GMT
Currency: CHF
Impact: Medium
Source: Swiss National Bank
Description: This speech by a governing member of the Swiss National Bank may provide clues as to future policy.

MPC Member Bean Speaks

Time: 4:15pm GMT
Currency: GBP
Impact: Medium
Source: Bank of England
Description: Voting member of the Monetary Policy Committee, Charles Bean will make a speech that may include clues to future monetary policy from the Bank of England.

Forex news for London session, August 24th

August 24th, 2009

Don’t forget to follow our forex news updates on Twitter as well!

Industrial New Orders

Time: 9:00am
Currency: EUR
Impact: Medium
Source: Eurostat
Description: Leading indicator of production, using new purchase orders as a guage.

Core Retail Sales

Time: 12:30pm
Currency: CAD
Impact: High
Source: Statistics Canada
Description: A key indicator of consumer confidence, this announcement reports the level of retail sales, excluding the automobile industry.
Notes: Released at the same time is the retail sales figure including automobiles but is seen as more volatile and has a lesser impact.