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 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, 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 economic news for August 20th London session

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.

Forex economic news summary for the London session, August 18th

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.