August 21st, 2009
Hi traders, below is the summary of news four today. Just four items all of which will be announced on Twitter as well.
Flash Manufacturing PMI
Time: 8:00am GMT
Currency: EUR
Impact: Medium
Source: Markit
Description: Results of a survey of purchasing managers in the manufacturing industry.
Flash Services PMI
Time: 8:00am GMT
Currency: EUR
Impact: Medium
Source: Markit
Description: Results of a survey of purchasing managers in the services industry.
Existing Home Sales
Time: 2:00pm GMT
Currency: USD
Impact: High
Source: National Association of Realtors
Description: The number of new builds that were sold in the previous month, represented annually.
Fed Chairman Bernanke Speaks
Time: 2:00pm GMT
Currency: USD
Impact: High
Source: Federal Reserve
Description: The Chairman of the Federal Reserve will make a speech about the past year which may include clues as to future policy decisions.
Tags: Bernanke, EUR, Existing Home Sales, Federal Reserve, Flash Manufacturing PMI, Flash Services PMI, Markit, National Association of Realtors, USD
Posted in Economic News | No Comments »
August 20th, 2009
Morning traders, here is the daily summary of economic news to watch out for.
Retail Sales
Time: 8:30am GMT
Currency: GBP
Impact: High
Source: National Statistics
Description: Total value of inflation-adjusted retail sales.
Public Sector Net Borrowing
Time: 8:30am GMT
Currency: GBP
Impact: Medium
Source: National Statistics
Description: The difference in spending and income for Government at local and national levels as well as public corporations.
ZEW Economic Expectations
Time: 9:00am GMT
Currency: CHF
Impact: Medium
Source: ZEW
Description: The results of a survey of institutional investors and analysts, as a diffusion index.
Wholesale Sales
Time: 12:30pm GMT
Currency: CAD
Impact: Medium
Source: Statistics Canada
Description: The change in the value of sales in the wholesale markets.
Unemployment Claims
Time: 12:30pm GMT
Currency: USD
Impact: Medium
Source: Department of Labor
Description: The number of people who have filed for unemployment insurance.
Philly Fed Manufacturing Index
Time: 2:00pm GMT
Currency: USD
Impact: Medium
Source: Federal Reserve Bank of Philadelphia
Description: The results of a survey of manufacturing companies in Philadelphia.
Tags: CAD, CHF, Department of Labor, Federal Reserve Bank of Philadelphia, GBP, National Statistics, Philly Fed Manufacturing Index, Public Sector Net Borrowing, Retail sales, Statistics Canada, Unemployment Claims, USD, Wholesale Sales, ZEW, ZEW Economic Expectations
Posted in Economic News | No Comments »
August 19th, 2009
Hi traders, here’s todays summary of economic news to be aware of. Don’t forget to follow me on Twitter for extra alerts.
Current Account
Time: 8:00am GMT
Currency: EUR
Impact: Medium
Source: European Central Bank
Description: This is the difference in the value between imported and exported goods and services, income flows and unilateral transfers.
MPC Meeting Minutes
Time: 8:30am GMT
Currency: GBP
Impact: High
Source: Bank of England
Description: The Bank of England release the minutes of the last interest rates meeting.
CBI Industrial Order Expectations
Time: 10:00am GMT
Currency: GBP
Impact: Medium
Source: Confederation of British Industry
Description: The results of a survey of British manufacturers.
Core CPI
Time: 11:00am GMT
Currency: CAD
Impact: High
Source: Statistics Canada
Description: The change in the price of goods or services purchased by Canadian consumers, excluding volatile items.
CPI
Time: 11:00am GMT
Currency: CAD
Impact: Medium
Source: Statistics Canada
Description: The change in the price of goods or services purchased by Canadian consumers.
Leading Index
Time: 12:30pm GMT
Currency: CAD
Impact: Medium
Source: Statistics Canada
Description: This is a composite index based on 10 economic factors and how that index has changed.
Crude Oil Inventories
Time: 2:30pm
Currency: USD
Impact: Medium
Source: Energy Information Administration
Description: The number of barrels held in inventory by US organisations.
Tags: Bank of England, CAD, CBI Industrial Order Expectations, Confederation of British Industry, Core CPI, CPI, Crude oil inventories, Current Account, Energy Information Administration, EUR, European Central Bank, GBP, Leading Index, MPC Meeting Minutes, Statistics Canada, USD
Posted in Economic News | No Comments »
August 18th, 2009
Good morning traders. Below is a summary of all the high and medium impact news to be aware of during today’s London session. Look out for my Twitter alerts, too. You can now also click on the time to be shown the equivalent time for the different trading sessions.
CPI
Time: 8:30am GMT
Currency: GBP
Impact: High
Source: National Statistics
Description: The change in the prices of good and services that are purchased by consumers.
Core CPI
Time: 8:30am GMT
Currency: GBP
Impact: Medium
Source: National Statistics
Description: As CPI, above, but excluding volatile goods such as food, alcohol, tobacco and energy.
German ZEW Economic Sentiment
Time: 9:00am GMT
Currency: EUR
Impact: High
Source: ZEW
Description: A leading indicator of economic health based on a survey of German institutional investors and analysts.
ZEW Economic Sentiment
Time: 9:00am GMT
Currency: EUR
Impact: Medium
Source: ZEW
Description: A leading indicator of economic health based on a survey of German institutional investors and analysts.
Foreign Securities Purchases
Time: 12:30pm GMT
Currency: CAD
Impact: Medium
Source: Statistics Canada
Description: This shows the strength of the currency as it reports the level of domestic bonds, stocks and other money market assets purchased by foreigners.
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, released as an annual equivalent figure.
PPI
Time: 12:30pm GMT
Currency: USD
Impact: High
Source: Department of Labor
Description: This is the change to the price of the goods and services sold by American producers.
Core PPI
Time: 12:30pm GMT
Currency: USD
Impact: Medium
Source: Department of Labor
Description: This is the change to the price of the goods and services sold by American producers except for food and energy.
Housing Starts
Time: 12:30pm GMT
Currency: USD
Impact: Medium
Source: Census Bureau
Description: The number of new residential build projects that began during the previous month, represented as an annual figure.
Tags: Building Permits, CAD, Census Bureau, Core CPI, Core PPI, CPI, Department of Labor, EUR, Foreign Securities Purchases, GBP, German ZEW Economic Statement, Housing Starts, National Statistics, PPI, Statistics Canada, USD, ZEW, ZEW Economic Statement
Posted in Economic News | No Comments »
August 17th, 2009
Morning traders, below is a summary of the high and medium impact news for the 17th August.
Empire State Manufacturing Index
Time: 12:30pm GMT
Impact: Medium
Currency: USD
Source: Federal Reserve Bank of New York
Description: This is the level of a diffusion index based on a survey of manufacturing companies in New York State.
TIC Long-Term Purchases
Time: 1:00pm GMT
Impact: High
Currency: USD
Source: Department of the Treasury
Description: The balance between foreign and domestic investment.
Tags: Department of the Treasury, Empire State Manufacturing Index, Federal Reserve Bank of New York, TIC Long-Term Purchases, USD
Posted in Economic News | No Comments »
August 14th, 2009
Good morning traders! Below is a summary of all the high and medium impact out today during the London session. Watch out for my tweets throughout the day to remind you of each one.
ECB Monthly Bulletin
Time: 8:00am GMT
Impact: Medium
Currency: EUR
Source: European Central Bank
Description: This announcement reveals details about the last interest rate decision from the ECB.
Flash GDP
Time: 9:00am GMT
Impact: High
Currency: EUR
Source: Eurostat
Description: This indicates the Gross Domestic Product for the eurozone though minus France and Germany but still a high impact because it is the first indicator.
Core Retail Sales
Time: 12:30pm GMT
Impact: High
Currency: USD
Source: Census Bureau
Description: This is the change in the total value of retail sales, except from the auto industry.
Retail Sales
Time: 12:30pm GMT
Impact: High
Currency: USD
Source: Census Bureau
Description: This is the change in the total value of retail sales, including the auto industry.
Unemployment Claims
Time: 12:30pm GMT
Impact: High
Currency: USD
Source: Department of Labor
Description: The change in the number of people making claims on unemployment insurance.
Import Prices
Time: 12:30pm GMT
Impact: Medium
Currency: USD
Source: Bureau of Labor Statistics
Description: This is the change in the price of imported goods and services, domestically.
Business Inventories
Time: 2:00pm GMT
Impact: Medium
Currency: USD
Source: Census Bureau
Description: This is the change in the total value of all goods held as inventory by businesses.
Tags: Business Inventories, Core Retail Sales, ECB Monthly Bulletin, EUR, Flash GDP, Import Prices, Retail sales, Unemployment Claims, USD
Posted in Economic News | No Comments »
August 12th, 2009
Apologies for the news post yesterday messing up – I had a bit of a time zone fail (I think!) Below is the news for today, and I’ll be tweeting all these half an hour before they happen to remind you, as well!
Claimant Count Change
Time: 8:30am GMT
Impact: High
Currency: GBP
Source: National Statistics
Description: The change in the number of people who are claiming unemployment related benefits.
Average Earnings Index
Time: 8:30am GMT
Impact: Medium
Currency: GBP
Source: National Statistics
Description: The change in the cost of labour for both government and businesses.
Industrial Production
Time: 9:00am GMT
Impact: Medium
Currency: EUR
Source: Eurostat
Description: The change in the total output from manufacturing, utilities and mines, adjusted for inflation.
Bank of England Governer Speaks & Inflation Report
Time: 9:30am GMT
Impact: High
Currency: GBP
Source: Bank of England
Description: The Bank of England’s Governer, Mervyn King will speak at a press conference as the Bank’s Inflation Report is released.
Trade Balance
Time: 12:30pm GMT
Impact: High
Currency: CAD
Source: Statistics Canada
Description: The difference in value between imported goods and exported goods. This impacts the demand for the countries currency and therefore it’s value.
NHPI
Time: 12:30pm GMT
Impact: Medium
Currency: CAD
Source: Statistics Canada
Description: This is the change in the selling price of new homes.
Trade Balance
Time: 12:30pm GMT
Impact: High
Currency: USD
Source: Bureau of Economic Analysis
Description: The difference in value between imported goods and exported goods. This impacts the demand for the currency and therefore it’s value.
Crude Oil Inventories
Time: 2:30pm GMT
Impact: Medium
Currency: USD
Source: Energy Information Administration
Description: The change in how many barrels of crude oil are being held in inventory by commercial firms.
Tags: Average Earnings Index, Bank of England, CAD, Claimaint Count Change, Crude oil inventories, EUR, GBP, Industrial Production, Inflation Report, Mervyn King, NHPI, Trade Balance, USD
Posted in Economic News | No Comments »
August 11th, 2009
You may have noticed there was no blog post yesterday. That’s because there was no medium or high impact news out during the London session. Here’s the news that you need to be aware of today, and don’t forget to keep up to date by following me on Twitter.
Trade Balance
Time: 8:30am GMT
Impact: Medium
Currency: GBP
Source: National Statistics
The difference in value between exported and imported goods. Stronger exports will likely lead to a strengthening of the currency, making this an important indicator for traders.
Housing Starts
Time: 12:15pm GMT
Impact: High
Currency: CAD
Source: CMHC
The number of residential developments that began construction within a month, annualised.
Prelim Non-Farm Productivity
Time: 12:30pm GMT
Impact: Medium
Currency: USD
Source: Bureau of Labor Statistics
Labour efficiency has a direct impact on how much businesses have to pay for the labour they need, hence the level of impact for this announcement.
Prelim Unit Labor Costs
Time: 12:30pm GMT
Impact: Medium
Currency: USD
Source: Bureau of Labor Statistics
Similar to productivity, above, this announcement reports the actual Labor costs.
Posted in Economic News | No Comments »
August 7th, 2009
Good morning traders, here’s the news you’ll need to look out for during the London session today and it’s relative impact. I’ll be sending out a tweet 30 minutes before each one of these is announced as a reminder so make sure you’re following me on Twitter. I’ll also try and tweet the results as soon as they come out.
PPI Input
Time: 8:30am GMT
Impact: High
Currency: GBP
Source: National Statistics
This is a leading indicator of consumer inflation because it relates to the price of goods paid by manufacturers. Higher costs are normally passed onto the consumer so a higher figure indicates consumers are willing to spend more.
German Industrial Production
Time: 10:00am GMT
Impact: Medium
Currency: EUR
Source: Destatis
This is the change in the output of manufacturing, mining and utilities businesses. This is a leading indicator because output is so reactive to other economic factors, such as unemployment.
Employment Change
Time: 11:00am GMT
Impact: High
Currency: CAD
Source: Statistics Canada
This announcement is the number of unemployed people during the previous month.
Unemployment rate
Time: 11:00am
Impact: High
Currency: CAD
Source: Statistics Canada
This announcement deals with the percentage of the workforce who are unemployed and actively seeking work.
Non-Farm Employment Change
Time: 12:30pm
Impact: High
Currency: USD
Source: Bureau of Labor Statistics
This is the change in the number of unemployed people, taken from the previous month but excluding the farming industry.
Unemployment Rate
Time: 12:30pm
Impact: High
Currency: USD
Source: Bureau of Labor Statistics
This announcement deals with the percentage of the workforce who are unemployed and actively seeking work.
Average Hourly Earnings
Time: 12:30pm
Impact: Medium
Currency: USD
Source: Bureau of Labor Statistics
This is the change in the price that businesses, except those in the farming industry, will pay for labour.
Ivey PMI
Time: 2:00pm
Impact: High
Currency: CAD
Source: Richard Ivey School of Business
This announcement is a PMI index based on a survey of purchasing manageers. It’s a leading indicator because it shows the confidence, or lack thereof, in the economy of purchasing managers.
Tags: Average Hourly Earnings, CAD, Employment Change, EUR, GBP, German Industrial Production, Ivey PMI, Non-Farm Employment Change, PPI Input, Unemployment Rate, USD
Posted in Economic News | No Comments »
August 5th, 2009
Good morning traders, here’s the news you’ll need to look out for during the London session today and it’s relative impact. I’ll be sending out a tweet 30 minutes before each one of these is announced as a reminder so make sure you’re following me on Twitter. I’ll also try and tweet the results as soon as they come out.
German Factory Orders
Time: 10:00am GMT
Impact: Medium
Currency: EUR
Source: Deutsche Bundersbank
This is the percentage change in new factory orders, indicating the strength of the economy based on it’s manufacturing output.
Official Bank Rate
Time: 11:00am GMT
Impact: High
Currency: GBP
Source: Bank of England
This is the interest rate issued by the Bank of England. The interest rate is the leading factor in the valuation of a currency so this is a very high impact announcement. If the rate is changed, an statement will be made by the Monetary Policy Committee (MPC) which could have a significant impact on the markets.
Minimum Bid Rate
Time: 11:45am GMT
Impact: High
Currency: EUR
Source: European Central Bank
This is the interest rate again but this time applies to much of Europe. A press conference takes place 45 minutes after this announcement and often has more of an impact.
Building Permits
Time: 12:30pm GMT
Impact: High
Currency: CAD
Source: Statistics Canada
This announcement reveals the number of new building permits issued and is a good indicator of economic health because a building permit is one of the first steps for a construction project.
ECB Press Conference
Time: 12:30pm GMT
Impact: High
Currency: EUR
Source: European Central Bank
This is the press conference that follows the rate announcement. Questions that come from the press can often result in market volatility based on the answers of the ECB.
Unemployment Claims
Time: 12:30pm
Impact: High
Currency: USD
Source: Department of Labor
This shows the past week’s unemployment figures. A good indicator of economic health because it directly relates the level of unemployment.
Tags: Bank of England, BoE, Building Permits, CAD, ECB, EUR, European Central Bank, GBP, German Factory Orders, Interest Rates, Minimum Bid Rate, Unemployment Claims, USD
Posted in Economic News | No Comments »
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