September 17th, 2009
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting! 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.
Tags: Bank of England, BoE, Building Permits, CAD, CBI, CBI Industrial Order Expectations, Census Bureau, CHF, Confederation of British Industry, Consumer Inflation Expectations, Core CPI, CPI, Department of Labor, Federal Reserve Bank of Philadelphia, GBP, Housing Starts, Leading Index, Libor Rate, Manufacturing Index, National Statistics, Retail sales, SNB, SNB Monetary Policy Assessment, Statistics Canada, Swiss National Bank, Unemployment Claims
Posted in Economic News | No Comments »
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.
Tags: Bank of England, BBA Mortgage Approvals, BoE, British Banker's Association, CB Consumer Confidence, Charles Bean, CHF, Composite-20 HPI, Employment Level, EUR, Federal Statistical Office, GBP, Hildebrand, Monetary Policy Committee, MPC, National Bank of Belgium, NBB Business Climate, SNB, Standard and Poor, Swiss National Bank, The Conference Board Inc., Thomas Jordan, USD
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 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 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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