Economic Events to Affect the Forex Markets

Major economic events that have a significant impact on forex markets for the week ending March 16th, 2012 are as under:

On Monday, March 12th, 2012, Germany’s wholesale price index was reported in the euro zone while Italy reported its data on gross domestic product. In United States, monthly budget statement was published. United Kingdom reported its data on employment confidence. In Canada, Bank of Canada’s Macklem publicly addressed at an event in Sao Paulo.

In Japan, data on consumer confidence, machine orders and corporate goods price index was reported.

On Tuesday, March 13th, 2012, data on French consumer price index and current account was reported in the euro zone. Italy also published its data on CPI index while ZEW survey on economic sentiment was published for both the Germany and the euro zone.

In United Kingdom, data on country’s trade balance and house prices was reported along with data on house prices. In Switzerland data on producer & import prices was released.

In United States, data on retail sales and business inventories was reported while NFIB released its data on Small Business Optimism. IBD/TIPP released its data on economic optimism in US. Moreover, US Federal Open Market Committee announced its rate decision.

In Australia, data on home loans, investment lending, house price balance and NAB business conditions was published while Japan released its tertiary industry index. Bank of Japan also announced its decision on interest rate.

On Wednesday, data on consumer price index and industrial production will be released in the euro zone. In United States, data on mortgage applications, import price index, current account balance and inventories data by US Department of Energy is to be released. Moreover, US Federal Reserve’s Chairman Ben Bernanke will address to community bankers in Nashville which will be closely watched to get hints for future direction of monetary policy. Canada will report its data on capacity utilization rate on Wednesday.

In United Kingdom, data on unemployment rate, average weekly earnings, jobless claims change and claimant count rate will be published.

In Australia, data on Westpac consumer confidence and manpower survey will be reported while Japan will release its data on industrial production, capacity utilization, industrial production and machine tool orders.

On Thursday, March 15th, European Central Bank will publish its monthly report. Italy reported its general government debt while the single current region published its separate data on employment and labor costs. In Switzerland, the Swiss National Bank announced its interest rate decision.

In United States, data on producer price index, initial jobless claims, continuing claims, TIC flows and natural gas inventories data by Energy Information Administration will be published.

In Australia, data on consumer inflation expectations was released while the Reserve Bank of Australia published its monthly bulletin for March.

On Friday, March 16th, data on Italian trade balance and current account will be published while euro zone will release its separate figure on the region’s trade balance. In United States, data on consumer price index, industrial production and capacity utilization will be released.

In Canada, data on international securities transactions in Canadian dollar will be reported along with data on manufacturing shipments.

Japan will report its data on leading index of economic indicators and coincident index.

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