Forex News for the Week...

[wolf825]

Starting this thread so we can have a place to post Forex news of interest, and opinions on their influence to the markets, for each day.. Do not expect or rely on ME to do this solely as I always do not have time to do this--I encourage everyone to participate please and post any news or influences you may see, whether it be for one currency or many.. I include the DEFINITIONS of each report as it is available, so newbies can understand what each report is, and over time learn how each report MAY or MAY NOT have an influence on fluctuations...

I will make it sticky at the top of the Forum and we shall see how this kind of posting is liked or not by users here. If other info should be added to the headline--post your suggestion so it can be added if possible..or post the info yourself in addition. Anyone may feel free to add to this or make the daily posts..

Most of the news bits I will try and post are from Forex Factory's calendar, where I tend to get a lot of my news from... www.forexfactory.com but some may be blurbs from other Forex news sites as I come accross them in my daily DD. I will not repost entire articles, forecasts or predictions...just headlines. Each of uis is responsible for our own trades and our own DD. Best we can do is post our views and bounce them off each other to see if they work or not. Hope this topic helps...

Let me know if this info here is NOT of interest to the forum, and I will discontinue. Also, Please keep posting to the Suggestion Box while its still up....more things are in the works for everyone here.. Thanks and enjoy!

-w

[wolf825]

01/31/06 News (yes--I know today is late to post--however this could be helpful if you folks are back-testing any of your systems)...

Big news for the day: Feds raised interest rates as expected another quarter point..total now is 4.5%. USD reacted wildly and strong when the news came out. USD/JPY went from 116.80-over 117 in a few minutes..EUR/USD is wildy moving.

Other news for today (clipped from ForexFactory's calander, in EST times):

12:00am JPN Housing Starts y/y -0.9% 7.2% 12.6% Definition
Measures the number of new single-family homes or buildings constructed throughout the previous year.

3:55am GER Unemployment Rate
Definition
Measures the percentage of the total work force that is unemployed and actively seeking employment. Rising unemployment is a sign of a slowing economy.

5:00am E-12 Consumer Confidence
Definition
Measures the mood of consumers in regard to economic conditions. The reading is derived from a monthly survey that asks respondents to evaluate the prospects for the economy in the future. Higher readings point to higher consumer optimism. When consumers are optimistic they tend to purchase more goods and services, which stimulates the economy and strengthens the country's currency.

5:00am E-12 Industrial Confidence -
Definition
Industrial Confidence measures the mood of manufacturers in regard to economic conditions. The reading is derived from a monthly survey that asks respondents to evaluate the prospects for the economy in the future. Higher indicator readings point to higher manufacturer optimism. When manufacturers are optimistic they tend to purchase more goods and services, which stimulates the economy and strengthens the country's currency.

5:30am UK GfK Consumer Confidence -
Definition
Measures the mood of consumers in regard to economic conditions. The reading is derived from a monthly survey that asks respondents to evaluate the prospects for the economy in the future. Higher readings point to higher consumer optimism. When consumers are optimistic they tend to purchase more goods and services, which stimulates the economy and strengthens the country's currency. GfK, a leading German market research company, publishes this indicator monthly.

8:30am CAN Gross Domestic Product m/m
Investica Analysis
The data should remain firm. Definition
Gross Domestic Product (GDP) measures the value of all goods and services produced by the economy. The reading represents the quarterly change in value. GDP is the broadest measure of economic activity and the primary gauge of an economy's health. It therefore can have a significant impact on the value of a country's currency.

8:30am USA Employment Cost Index q/q
Definition
The Employment Cost Index (ECI) measures the monthly change in total employee compensation costs, including wages, salaries, and benefits. The ECI is the broadest measure of labor costs.

10:00am USA Consumer Confidence
Definition
Measures the mood of consumers in regard to economic conditions. The reading is derived from a monthly survey that asks respondents to evaluate the prospects for the economy in the future. Higher readings point to higher consumer optimism. When consumers are optimistic they tend to purchase more goods and services, which stimulates the economy and strengthens the country's currency.

10:00am USA Chicago PMI
Investica Analysis
The prices index will be watched closely. Definition
The National Association of Purchasing Managers (NAPM) Chicago compiles this index to measure business conditions in the Chicago area. Readings above 50 percent indicate an expanding business sector. The index is considered a leading indicator of the ISM manufacturing index.

2:15pm USA FOMC Interest Rate Statement
Investica Analysis
A 0.25% rate increase looks a done deal and the statement will be crucial. Flexibility will be a key issue for the Fed. Definition
The Federal Open Market Committee (FOMC) Interest Rate Statement is released shortly after a meeting in which the FOMC, headed by Alan Greenspan, makes a decision on where to set the federal funds target rate. The statement is released eight times per year and contains the latest rate decision, along with commentary on the state of the economy and how the FOMC intends to shift monetary policy in the future. The FOMC focuses heavily on inflation, as their stated mission is to achieve price stability. They generally raises rates to fight rising inflation, and lower rates in the face of deflation or economic slowdown.

8:00pm USA Pres. Bush State of the Union Address
Note: WHO KNOWS what this one will do..

[wolf825]

02/01/2006 Economic news due out (EST times). Plan your currency trades to watch, now...

12:00am JPN Vehicle Sales y/y
Definition
Measures the annual change in sales volume for cars, light trucks, sport utility vehicles, and vans. Motor vehicle sales are good indicators of trends in consumer spending.

3:55am GER Manufacturing PMI
Definition
The Manufacturing Purchasing Manager's Index (PMI) measures the health of the manufacturing sector. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance.

4:00am E-12 Manufacturing PMI
Investica Analysis
A firm reading is likely. Definition
The Manufacturing Purchasing Manager's Index (PMI) measures the health of the manufacturing sector. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance.

4:30am UK Manufacturing PMI
Definition
The Manufacturing Purchasing Manager's Index (PMI) measures the health of the manufacturing sector. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance. The Chartered Institute of Purchasing and Supply (CIPS) publishes this indicator monthly.

5:00am E-12 Unemployment Rate
Definition
Measures the percentage of the total work force that is unemployed and actively seeking employment. Rising unemployment is a sign of a slowing economy.

10:00am USA ISM Manufacturing Index
Investica Analysis
Price and employment components will be watched closely. Definition:
The Institute of Supply Management (ISM) Manufacturing Index measures growth in the manufacturing sector. To produce the index, the ISM surveys 400 manufacturing firms on employment, production, new orders, supplier deliveries, and inventories. A reading above 50 indicates an expanding manufacturing sector.

10:00am USA Construction Spending m/m
Definition
Measures the monthly change in value of new construction projects.

4:00pm USA Domestic Vehicle Sales
Definition
Measures the number of cars, light trucks, sport utility vehicles, and vans sold in the previous month. Motor vehicle sales are a good indicator of trends in consumer spending.

6:50pm JPN Monetary Base y/y
Definition
Measures the annual change in Japan's outstanding currency in circulation, including banknotes, coins, and current account balances. It uncovers the level of additional currency being supplied by the Bank of Japan. An increasing monetary base generally results in higher inflation.

7:30pm AUS Building Permits m/m

[wolf825]

News Reports due out for: 02/02/2006... (Times noted for release of news is in EST times).

5:00am E-12 Producer Price Index m/m
Definition
The Producer Price Index (PPI) measures the rate of inflation experienced by manufacturers. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by manufacturers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.

7:45am E-12 ECB Interest Rate Decision
Definition
The European Central Bank (ECB) Governing Council Interest Rate Statement is released shortly after a meeting in which the ECB, headed by Jean-Claude Trichet, makes a decision on where to set short-term interest rates (refinancing rate). The ECB focuses heavily on inflation, as their stated mission is to achieve price stability. They generally raises rates to fight rising inflation, and lower rates in the face of deflation or economic slowdown.

8:30am USA Unemployment Claims
Definition
Measures the number of individuals who filed for unemployment insurance for the first time over the past week. A rising trend indicates a deteriorating labor market, which can weigh on the economy.

8:30am USA Nonfarm Productivity q/q
Definition
Measures the quarterly growth in labor efficiency for producing goods and services outside the farming sector. A rising trend indicates future inflationary pressures as manufacturers raise prices in response to an at-capacity factory environment.

8:30am USA Unit Labor Costs q/q
Definition
Measures the quarterly growth in the labor cost of producing output. A rising trend indicates future inflationary pressures as the labor cost of producing goods rises.

9:00am USA Fed Governor Shmidt Speaks
Definition
Federal Reserve Governor Susan Schmidt Bies will speak in Washington, about risk management.

7:30pm AUS Retail Sales m/m
Definition
Measures the monthly change in total value of sales at the retail level. A rising trend indicates higher consumer spending, which is an important driver of the economy.

7:30pm AUS Trade Balance
Definition
Measures the difference in value between total imports and total exports of goods. A positive reading means that more goods were exported than imported over the previous month. The Trade Balance has a sizable impact on GDP and at extremes can directly influence the country's currency value.

Note: The EURO Interest rate is significant for note, as is the US Non Farm report and Unemployment claims. The Aussie trade balance could also cause some significant moves if reports are strong...also some swings prior to news could be significant to play as well. Do your DD and trade safe. GLTA...

-w

[pghTrader]

ForexFactory Economic Calendar

** Volatility Alert ** per Forex Factory calendar.

*** Volatility expected on Friday 2/10 at 8:30 am ET for US Trade Balance report

News Reports due out for: 02/06/2006... (Times noted for release of news is in EST times).

Mon. 02/06 12:00am JPN Leading Economic Index
Definition
The Leading Economic Index is a composite of ten indicators that measure overall economic activity by considering factory workweek, new orders for consumer goods, new orders for nondefense capital goods, stock prices, initial jobless claims, vendor performance, building permits, money supply, consumer expectations.

4:00am GER Retail PMI
Definition
The Retail Purchasing Manager's Index (PMI) measures the health of the retail sector. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance.

4:00am E-12 Retail PMI
Definition
The Retail Purchasing Manager's Index (PMI) measures the health of the retail sector. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance.

6:00am GER Factory Orders m/m
Definition
Measures the monthly change in the value of manufacturer's new orders for goods. A rising trend indicates a growing economy.

7:30am USA Dallas Fed President Fisher Speaks
Definition
Dallas Federal Reserve Bank President Richard Fisher will speak at the Institute of Economic Affairs conference, in London, about the US economy.

8:30am CAN Building Permits m/m
Definition
Measures the monthly change in total value of construction intentions. This data is a leading indicator for the construction industry since the issuance of a building permit is one of the first steps in the construction process.

10:00am CAN Ivey PMI
Definition
The Ivey Purchasing Manager's Index (PMI) measures the value of purchases made by Canadian companies. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's purchases were higher than, the same as, or lower than the previous month. The 175 survey participants are carefully selected geographically and by sector of activity to match the Canadian economy as a whole. An index reading above 50 indicates expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance.

10:15am E-12 ECB President Trichet Speaks
Definition
Keynote speech delivered by the President on “Monetary policy and economic prospects in the eurozone” at the 23rd conference hosted by iea – The Institute of Economic Affairs on “The State of the Economy – Overcoming key challenges to sustainable economic growth” in London, United Kingdom. The text will be made available on the ECB's website after delivery.

7:00pm UK Retail Sales m/m
Definition
Measures the monthly change in total value of sales at the retail level. A rising trend indicates higher consumer spending, which is an important driver of the economy.

Good Luck

[wolf825]

Thanks for posting the updates and news!

Everyone is encouraged to do so.. Staying informed and workiing together is the best way to improve trading skills and results..

-w

[wolf825]

From www.Forexfactory.com reports:

Pending News reports due out for 02/07/2006 (All times in EST time.)

6:00am GER Industrial Production
Definition
Measures the monthly change in total output of factories, mines, and utilities. A rising trend generally indicates a strengthening economy.

3:00pm USA Consumer Credit
Definition
Consumer Credit measures the monthly growth in outstanding consumer installment credit. It gives insight into the state of consumer finances and can act as a leading indicator of consumer spending.

5:00pm AUS RBA Interest Rate Statement
Definition
The Reserve Bank of Australia (RBA) Interest Rate Statement is released shortly after a meeting in which the RBA makes a decision on where to set short-term interest rates (interest rate on overnight loans in the money market). The RBA focuses heavily on inflation, as their stated mission is to achieve price stability. They generally raises rates to fight rising inflation, and lower rates in the face of deflation or economic slowdown.

6:50pm JPN M2+CD Money Supply y/y
Definition
M2+CD Money Supply measures Japan's outstanding currency. The indicator is developed by comparing year over year currency levels.

7:00pm UK Nationwide Consumer Confidence Index
Definition
The Nationwide Consumer Confidence Index (NCCI) measures the mood of consumers in regard to economic conditions. The reading is derived from a monthly survey that asks respondents to evaluate the prospects for the economy in the future. Higher readings point to higher consumer optimism.

GLTA...
-w

[wolf825]

From www.Forexfactory.com reports:

Pending News reports due out for Thursday 02/09/2006 (All report times in EST time.)

12:00am JPN Consumer Confidence
Definition
Measures the mood of consumers in regard to economic conditions. The reading is derived from a monthly survey that asks respondents to evaluate the prospects for the economy in the future. Higher readings point to higher consumer optimism. When consumers are optimistic they tend to purchase more goods and services, which stimulates the economy and strengthens the country's currency.

1:00am JPN BOJ Monetary Policy Report
Definition
The Bank of Japan (BOJ) monthly Policy Report gives the bank's view of Japan's economy, reviews major economic indicators, and discusses market operations that determine short term interest rates.

4:30am UK Trade Balance
Investica Analysis
The oil balance will be important. Definition
Measures the difference in value between total imports and total exports of goods. A positive reading means that more goods were exported than imported over the previous month. The Trade Balance has a sizable impact on GDP and at extremes can directly influence the country's currency value.

7:00am UK BOE Interest Rate Statement
Investica Analysis
Unchanged rates are likely on another split vote. Definition
The Bank of England (BOE) Monetary Policy Committee Interest Rate Decision is released shortly after a meeting in which the BOE, headed by Mervyn King, makes a decision on where to set the short-term interest rate (base rate). The BOC focuses heavily on inflation, as their stated mission is to achieve price stability. They generally raises rates to fight rising inflation, and lower rates in the face of deflation or economic slowdown.

8:30am USA Unemployment Claims
Definition
Measures the number of individuals who filed for unemployment insurance for the first time over the past week. A rising trend indicates a deteriorating labor market, which can weigh on the economy.

1:00pm USA Chicago Fed President Moskow Speaks Definition
Chicago Federal Reserve Bank President Michael Moskow will speak about the US economy in Chicago. Audience questions expected.

6:50pm JPN Corporate Goods Price Index m/m

NOTE: Trade Balance releases can cause some huge swings in the prices of currency pairs. Especially if news is not so great or as predicted. The US Trade Balance out Friday Morning could prove a GREAT trading day with some huge volitile moves, and could set a tone for the USD in confidence. Trade safe and good luck to all...

GLTA...

[wolf825]

From www.Forexfactory.com reports:

Pending News reports due out for FRIDAY 02/10/2006
(All times in EST time.)

12:00am JPN Household Spending y/y
Definition
Household Spending measures the level of expenditure per household. It's derived by comparing the year over year total spending divided by the number of households. Higher readings are a positive sign for the economy, as consumer spending accounts for half of Japan's GDP.

2:00am GER Consumer Price Index m/m
Definition
The Consumer Price Index (CPI) measures the rate of inflation experienced by consumers. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by consumers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.

7:00am CAN Unemployment Rate
Definition
Measures the percentage of the total work force that is unemployed and actively seeking employment. Rising unemployment is a sign of a slowing economy.

7:00am CAN Employment Change
Definition
Measures the number of new jobs created in the previous month. Employment growth will generally strengthen a country's currency, as it is one of the most important indicators of economy health.

8:30am USA Trade Balance
Investica Analysis
A record defciit would hurt dollar confidence. Import volatility could produce a big surprise in either direction. Definition
Measures the difference in value between total imports and total exports of goods. A positive reading means that more goods were exported than imported over the previous month. The Trade Balance has a sizable impact on GDP and at extremes can directly influence the country's currency value.

8:30am CAN Trade Balance 7.0B 6.9B [read]
Definition
Measures the difference in value between total imports and total exports of goods. A positive reading means that more goods were exported than imported over the previous month. The Trade Balance has a sizable impact on GDP and at extremes can directly influence the country's currency value.


NOTE: Trade Balance releases can cause some huge swings in the prices of currency pairs. Especially if news is not so great or as predicted. The US Trade Balance out Friday Morning could prove a GREAT trading day with some huge volitile moves, and could set a tone for the USD in confidence. Trade safe and good luck to all...

-w

[pghTrader]

Economic Calendar for Week of 02/20/2006 From www.Forexfactory.com reports.

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