Economic Events Affecting the Forex Markets for the Week

Major economic events which have significant affect on the Forex markets for the week ending April 6th, 2012 are as under:

On Monday, April 2nd, purchasing managers’ index for Italy, Germany and France was released in euro zone while the single currency region published its separate report on unemployment rate. Italy also reported its data on new car registration and budget balance.

In United Kingdom, data on purchasing managers’ index, Lloyds Business Barometer and hometrack housing survey was released while Bank of England reported data on housing equity withdrawal. Switzerland also published its purchasing managers’ index along with data on retail sales.

In United States, data on construction spending, unemployment rate, ISM manufacturing and ISM prices paid was reported while US Federal Reserve’s official Pianalto addressed at an event in Ohio regarding US monetary policy.

In Australia, data on building approvals was published while Japan reported its official figures on vehicle sales, non manufacturing index and large manufacturers’ index.

Today on Tuesday, data on producer price index was reported in the euro zone while United States published its data on factory orders and ISM for New York. Minutes of latest FOMC meeting were also expected in United States today. In United Kingdom, data on purchasing manager index for construction sector was released.

In Australia, data on retail sales was published and the Reserve Bank of Australia announced its interest rate decision while in Japan data on labor cash earnings and monetary base was reported.

On Wednesday, April 4th, 2012, purchasing managers’ index for services sector will be released in Germany, France and Italy while the a separate figure of PMI for composite and services sector will be released in the euro zone. Germany is to report its data on Factory orders while Italy will publish its deficit to GDP ratio. Moreover, data on retail sales is also expected in the euro zone.

United Kingdom is to report its official figure on country’s reserves along with data on BRC shop price index and purchasing managers’ index for services sector.

Australia is expected to release its figure on country’s trade balance.

In United States, data on domestic vehicle sales, MBA mortgage applications, employment change by ADP, ISM non manufacturing index and data on crude oil, gasoline and distillates inventories by EIA will be published.

On Thursday, April 5th, data on German industrial production will be reported in the euro zone while in United States, several economic indicators will be published which will include, challenger job cuts, data on initial jobless claims, continuing claims and data on natural gas supplies by EIA.

Canada will report its data on employment change, participation rate, building permits and Ivey Purchasing Managers Index.

In United Kingdom, data on Halifax house price, manufacturing production and industrial production is expected while the Bank of England will report its assets purchase target and interest rate decision. In England estimate on gross domestic production will be also published by NIESR. In Switzerland official data on foreign currency reserves and consumer price index is to be released.

On Friday, April 6th, United States will report its data on unemployment rate, change in household employment, average hourly earnings, change in manufacturing payrolls, change in private payrolls, change in non-farm payrolls and consumer credit.

Switzerland is expected to release its entrepreneur confidence index and business climate index. In Australia, AIG performance of construction index will be released while Japan is expected to report its official figure on reserve assets, coincident index and leading index of economic indicators on Friday.

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