Major economic events which have a significant impact on forex markets for the week ending July 6^th, 2012 are as under:

On Monday, July 2^nd, Italy, France and Germany released their purchasing managers’ index for manufacturing sector while separate PMI was reported for the euro region.  Moreover, unemployment rate for the euro zone and Italy was reported. In United States, data on ISM manufacturing, ISM prices paid, construction spending and PMI was published. Further US Federal Reserve’s official Williams addressed at an event in San Francisco.

In United Kingdom, purchasing managers index for manufacturing sector was reported along with data on hometrack housing survey and Lloyds business barometer. In Switzerland, data on retail sales and PMI was released. Australia came up with data on manufacturing index, TD securities inflation and commodities price index while Japan reported its data on manufacturing outlook and index.

On Tuesday, the euro zone reported its producer price index while in United States data on factory orders and New York’s ISM was published. In United Kingdom, data on M4 money supply, mortgage approvals, net lending on Dwellings, net consumer credit and purchasing managers’ index for construction was published.

In Australia, data on building approvals was published while the Reserve Bank of Australia announced its key interest rate decision. In Japan data on monetary base and labor cash earnings was released.

On Wednesday, July 4^th, 2012, market s in United States remained closed in observance of Independence Day while In the euro zone, PMI for services sector was released in Italy, France and Germany. A separate PMI composite was released in the euro zone along with data on retail sales. Italy also reported its deficit to GDP ratio.

In the United Kingdom, official data on changes in reserves was released with the Bank of England published its data on equity withdrawal. In Australia, data on AiG performance of service index and retail sales was published.

Today on Thursday, in the euro zone, Germany came up with data on factory orders while the European Central Bank released its interest rate decision. In the United States, data on MBA mortgage applications, job cuts, ADP employment change, continuing claims, initial jobless claims and data on ISM’s non-manufacturing composite index is to be reported. Moreover, the Energy Information Administration is expected to release its report on crude oil, gasoline and distillates inventories.

In United Kingdom, data on Halifax House price was reported while the Bank of England announced its decision on the interest rate which should move exchange rates. Australia came up with data on trade balance while Japan published its data on foreign buying in Japanese stocks & bonds and Japan’s buying in foreign stocks & bonds.

On Friday, July 6^th, 2012, Germany will report its data on industrial production in the euro zone. In United States, data on household employment change, net change in employment, change in manufacturing payrolls, unemployment rate, average hourly earnings, private payrolls, non-farm payrolls, underemployment rate, average weekly hours and participation rate will be reported. Moreover, the EIA will release its report on natural gas inventories. Canada is expected to report its data on unemployment rate, part time employment change, building permits, participation rate and purchasing managers’ index.

In United Kingdom, data on producer price index output and input is to be reported. In Switzerland, data on foreign currency reserves and consumer price index will be reported. Australia will report its foreign exchange reserve while Japan will release leading index and coincident index.