Tuesday – April 19, 2011
* AUD – Monetary Policy Meeting Minutes : at 2:30am
It’s a detailed record of the RBA Reserve Bank Board’s most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates
* CAD – Core CPI : at 12:00pm
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
Previous 0.2%, Forecast 0.3%
* USD – Building Permits : at 1:30pm
It’s an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.
Previous 0.52M, Forecast 0.55M
Wednesday – April 20, 2011
* GBP – MPC Meeting Minutes : at 9:30am
It’s a detailed record of the BOE MPC’s most recent meeting, providing in-depth insights into the economic conditions that influenced their vote on where to set interest rates, and offering clues on the outcome of future votes.
Previous 3-0-6, Forecast 3-0-6
* USD – Existing Home Sales : at 3:00pm
It’s a leading indicator of economic health because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction.
Previous 4.88M, Forecast 5.07M
Thursday – April 21, 2011
* AUD – Producer Price Index (PPI) : at 2:30am
It’s a leading indicator of consumer inflation – when producers charge more for goods and services the higher costs are usually passed on to the consumer.
Previous 0.1%, Forecast 1.0%
* EUR – German Ifo Business Climate : at 9:00am
It’s a leading indicator of economic health – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.
Previous 111.1, Forecast 110.9
* GBP – Public Sector Net Borrowing : at 9:30am
It’s measures ; difference in value between spending and income for public corporations, the central government, and local governments during the previous month.
Previous 10.3B, Forecast 19.3B
* GBP – Retail Sales : at 9:30am
It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
Previous -0.8%, Forecast -0.5%
* CAD – Core Retail Sales : at 1:30pm
Forexfactory.com notes; Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.
Previous 0.0%, Forecast 0.5%
* USD – Unemployment Claims : at 1:30pm
Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.
Previous 412K, Forecast 398K
* USD – Philly Fed Manufacturing Index : at 3:00pm
It’s a leading indicator of economic health – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment. For the latest updates PRESS CTR + D or visit Stock Market news Today
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