Forex Weekly Outlook for January 10 – 14, 2011
This is a list of the major events (News) for January 10-14, 2011 that will move the markets around the globe.
All times are given in GMT .
* AUD – ANZ Job Advertisements : Monday, January 10, 2011, 12:30am
It’s measures : Change in the number of jobs advertised in the major daily newspapers and websites covering the capital cities.
Previous 2.9%, Forecast
* AUD – Retail Sales : Monday, January 10, 2011, 12:30am
It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
Previous -1.1%, Forecast 0.3%
* CNY – Trade Balance : Monday, January 10, 2011, Tentative
Export demand and currency demand are directly linked because foreigners usually buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers
Previous 22.9B, Forecast 20.9B
* GBP – Halifax HPI : Monday, January 10, 2011, 10th-13th
It's a leading indicator of the housing industry's health because rising house prices attract investors and spur industry activity
Previous -0.1%, Forecast -0.3%
* CHF – Retail Sales : Monday, January 10, 2011, 8:15am
It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity
Previous 3.5%, Forecast 3.7%
* CAD – Building Permits : Monday, January 10, 2011, 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 -6.5%, Forecast 1.2%
* CAD – BOC Business Outlook Survey : Monday, January 10, 2011, 3:30pm
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
* NZD – NZIER Business Confidence : Monday, January 10, 2011, 9:00pm
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
* AUD – Trade Balance : Tuesday, January 11, 2011, 12:30am
Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers
Previous 2.63B, Forecast 2.05B
* CAD – Housing Starts : Tuesday, January 11, 2011, 1:15pm
It's a leading indicator of economic health because building construction produces a wide-reaching ripple effect. For example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder
Previous 188K, Forecast 179K
* AUD – Home Loans : Wednesday, January 12, 2011, 12:30am
It's a leading indicator of demand in the housing market - most homes are financed, so it provides an excellent gauge of how many qualified buyers are entering the market
Previous 1.9%, Forecast -0.9%
* AUD – Employment Change : Thursday, January 13, 2011, 12:30am
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity
Previous 54.6K, Forecast 25.3K
* AUD – Unemployment Rate : Thursday, January 13, 2011, 12:30am
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 5.2%, Forecast 5.1%
* GBP – Manufacturing Production : Thursday, January 13, 2011, 9:30am
It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings
Previous 0.6%, Forecast 0.5%
* GBP – Asset Purchase Facility : Thursday, January 13, 2011, 12:00pm
It increases demand for bonds which tends to lower long-term interest rates
Previous 200B, Forecast 200B
* GBP – MPC Rate Statement : Thursday, January 13, 2011, Tentative
It's among the primary tools the MPC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes
* GBP – Official Bank Rate : Thursday, January 13, 2011, 12:00pm
Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future
Previous 0.50%, Forecast 0.50%
* EUR – Minimum Bid Rate : Thursday, January 13, 2011, 12:45pm
Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future
Previous 1.00%, Forecast 1.00%
* CAD – Trade Balance : Thursday, January 13, 2011, 1:30pm
Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers
Previous -1.7B, Forecast -2.0B
* EUR – ECB Press Conference : Thursday, January 13, 2011, 1:30pm
It's the primary method the ECB uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy
* USD – PPI : Thursday, January 13, 2011, 1:30pm
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 0.8%, Forecast 0.8%
* USD – Trade Balance : Thursday, January 13, 2011, 1:30pm
Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers
Previous -38.7B, Forecast -41.2B
* USD – Unemployment Claims : Thursday, January 13, 2011, 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 409K, Forecast 405K
* USD – Fed Chairman Bernanke Speaks : Thursday, January 13, 2011, 6:00pm
As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy
* GBP – PPI Input : Friday, January 14, 2011, 9:30am
It's a leading indicator of consumer inflation - when manufacturers pay more for goods the higher costs are usually passed on to the consumer
Previous 0.9%, Forecast 1.6%
* USD – Core CPI : Friday, January 14, 2011, 1:30pm
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 0.1%, Forecast 0.1%
* USD – Core Retail Sales : Friday, January 14, 2011, 1:30pm
Previous 1.2%, Forecast 0.7%
* USD – Retail Sales : Friday, January 14, 2011, 1:30pm
It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity
Previous 0.8%, Forecast 0.8%
* USD – Prelim UoM Consumer Sentiment : Friday, January 14, 2011, 2:55pm
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity
Previous 74.5, Forecast 75.6






