Forex news for London session, 12th August

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.

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Forex News for London session, 7th August

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.

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Forex news for London session, 6th August

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.

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