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Important International Events And Data Releases For The Week 16th July-20th July,2012:

Important events and data releases for the week starting from 16th July are as follows:

Important Events From United States:

  • Retail Sales:It is important data release.It measures the change in total value of inflation-adjusted sales at retail levels.Expected reading is 0.2% versus previous of -0.2%.Higher than expected reading is bullish for US dollar.This data will be released on July 16,Monday,13:30 GMT Or 8:00 PM IST.
  • Core Retail sales:It is also high important data and it measures the change in total value of sales at the retail level,excluding automobile industry.It will be released along with Retail sales above.Higher than expected data is bullish for US dollar.
  • Fed Chairmans testification before US Congress:The speech of Fed Chairman can create volatility in currency market due to remarks on current economic situations.Fed chairman will be testified on Tuesday and Wednesday,15:00 GMT,7:30 PM (IST).
  • Inventory Releases: Crude Oil  and Natural Gas inventory will be released on Wednesday and Thursday respectively,, 15:30 GMT OR 08:00 PM IST.Both releases have immediate impact on crude oil / Natural Gas prices.
  • Core CPI:The Core Consumer Price Index is an imp release and measures the changes in the prices of Goods and services , excluding food and energy.Expectations are of slightly increase in the index from 2.2 to 2.3%.Higher than expected reading will be positive for USD.The core CPI will be released on Tuesday,July 17,13:30 GMT or 8:00 PM IST.
  • Housing Starts And Building Permits:Both of the releases are of medium importance and measures strength of housing sector in US.Better than expected reading is positive for USD.Both datas will be released on Wednesday,18th July,13:30 GMT or 8:00 PM IST.
  • Initial Jobless Claims:This is of high importance data release and will be released on Thursday,19th July 2012,13:30 GMT Or 8:00 PM IST.It measures the number of individuals who filed for unemployment insurance for the first time during the past week.Expectations are of increase in numbers to 370 K than previous 350K.
  • Existing Home Sales:This is of high importance and will be released on Thursday, 15:00 GMT Or 9:30 PM IST.Expectations are of slightly increase in the number of sales to 4.64M from previous 4.55M.

Important Events From EuroZone:

There are not much important events for this week from Euro Zone except Euro Consumer Price Index (CPI) on Monday,16 July and German economic sentiments on Tuesday.

Traders from currency and commodity markets should keep track of important international events since these releases tends to create volatility across the markets and which can prove good earning opportunity.

Important International Events For The Week 08 July – 13 July 2012:

Important events are main drivers for capital market.Since last week we have started a week end post based on important event across the world which can create volatility in the markets.

Time of events is as per Indian Standard Time (IST).

Important Events From United States:

Unlike last week,this week is of mild events as far USD is concerned.

  • US Trade Balance:Its difference between imported and exported goods & services.Positive number indicates that more goods and services were exported than imported.Expectations for this weak are of lower number than expected.If true then its bearish news for USD.This data will be released on Wednesday,July 11,2012 , 6:00 PM (IST).
  • FOMC Meeting Minutes: These minutes are detailed records of policy decisions.The minutes will be released on Wednesday,11:30 PM, IST.
  • Crude Oil Inventory: Crude oil inventory for the week will be declared on Wednesday,11 July 8:00 pm.It has instant effect on crude oil prices.
  • Initial Jobless Claims: It measures the number of individuals who filed for unemployed insurance for the first time during past week.Forecast is of slightly higher number of initial jobless claims than previous week.Data will be released on Thursday 6:00 PM IST.
  • Natural Gas inventory: Natural gas inventory of the week will be declared on Thursday 8:00 PM.

Events From EuroZone:

  • A thin data of Industrial production from French & Italy will be released on Tuesday 10th July 2012,,12:15 PM and 1:30 PM as per Indian standard time.
  • Medium important data from German, Consumer Price Index (CPI) will be declared on Wednesday July 11,2012.It measures the changes in the prices of goods and services purchased by consumers.Expectations are of constant CPI at -0.1%.Higher than expected reading is bullish for Euro.
  • Similarly CPI data from French will be released on Thursday,11:00 AM IST.
  • Industrial Production Release:This is of medium important release and it measures the change in total inflation – adjusted value of output produced by manufactures ,mines and utilities.Forecast is of improvement in the industrial production.If release is better tha expectations then bullish news for Euro.
  • European Central Bank (ECB) president Speaks : on Thursday 12 July 10:30 pm IST.Volatility always created due to comments from such high level speech.

Important Data Release From China:

  • Chinese CPI:This is of high importance data release and measures the changes in the purchasing trends.Expectations are of constant Chinese CPI to be declared on,09th July,7:00 AM.As China is biggest importer of base metals important releases from China have direct impact on base metal prices.
  • China GDP data:This is another high important release from China.Forecast is of lower numbers of 7.6% against earlier 8.1%.
  • Chninese Industrial Production:Its of higher importance data and forecast is of slighly increase in the industrial productions from 9.6% to 9.8%.

Important Events From India:

  • Industrial Manufacturing Output: This is mild data release and rising number indicates the economic growth.It will be released on Thursday , 11:00 AM (IST).
  • Indian Industrial Production:IIP data  is important data release for Indian stock market and Indian Rupees.It measures the change in the total inflation-based value of output produced by manufactures ,mines and utilities.IIP data  will be released on Thursday,11:00 AM IST.
  • Indian Bank Loan Growth:This is mild data release and will be released on Friday ,5:00 pm IST.Higher loan growth is considered to be higher consumer confidence.
  • Indian FX Reserves USD:This is again mild release and will be released on Friday 5:00 PM IST.Much more higher numbers than expected is good for Indian Rupees.

Important International Events And Data Release For Week 02 July-07July 2012:

Now onwards we have decided to have a post on each weekend for updates and view of national and international data releases and events for the week ahead.Data release,announcements are important source of volatility in the market and its important for any investor to have information about upcoming events in the world.With this point of view,we will have a post for the same on each weekend.We will try to cover only medium and major events from United states,Euro zone and India.

These events are very useful for Currency and commodity,especially Gold and silver traders.

Time of the events shown is as per Indian Standard Time(IST).

Important Events From U.S For week July 02 – July, 2012:

This week is full of important datas for united states and have ability to set a short term trend for US dollar.

  • Unemployment Rate:This is high importance data and will be released on Friday July 06,2012,Time :06:00 PM (IST).It is a measure of total work force that is unemployed.Forecast is that unemployment rate will remain constant at 8.2% at previous rate.Higher than expected reading is bearish for USD and vice versa is true as well.
  • Non-Farm payrolls:This is another major data with high importance and create immediate voatility across currency and commodity markets.It will be released on July 06,2012,Time :06:00 PM (IST.)It measures the change in number of peoples employed during previous month,excluding the farming industry.Market expectations are increase in non-farm payrolls from 69,000 to 90,000,,if comes true then likely to be bullish news for USD.
  • Initial Jobless / Unemployment Claims:This is high importance data and will be released on 05th July 2012,6:00 PM (IST).It measures the number of individuals who filed for unemployment insurance for the first time during last week.Expectations are that there will be very minor change (386 K to 385 K)than previous claims.If results are as per expected then it will be a good news for USD.
  • ADP Non Farm Employment Change: This is high impact data and will be released on Thursday,05th July 2012, 5:45 PM (IST).This release means good prediction of govt. non-farm payroll data. Expectations  are of reduction in ADP Non farm Employment Change from 133 K To 100 K.If data release is as per expectations then it will be bearish for USD.
  • ISM Non-Manufacturing Index:This is medium impact data and will be released on 05th July 2012,7:30 PM (IST).This index rates the level of business conditions like employment,Productions,New orders,inventories Etc.from non-manufacturing industry.
  • ISM Manufacturing Index:This is high impact data and will be released on Monday July 02,7:30 PM (IST).This index rates the level of business conditions from manufacturing industry.Expectations are of slightly lower reading of 52.0 than previous of 53.5 which will be negative for USD,if true.
  • Inventory Release:There is crude oil and natural gas inventory (stock held by US firms ) data release every week.Crude oil inventory will be released on Thursday,05th July 2012,8:30 PM (IST).This release creates immediate impact on crude oil prices.While Natural gas inventory will be released on Thursday,8:00 PM.

Major Data From India For Week 02 July-07 July 2012:

  • Indian Trade Balance:This is medium impact data and will be released on Monday,12:00 Noon (IST).It measures the difference in value between imported and exported goods and services over a certain period of time.Positive number means more goods and services were imported than exported. Expectations are of lower reading of -16.3B than that of previous -13.5B which is negative for Indian Rupees.
  • Indian Forex Reserve data:This is in general mild natured data.It will be declared on Friday,5:00 PM.Higher than expected reading can be bullish for indian rupees.

Important Data Release For Euro Zone:

  • Interest rate decision From ECB:This is high importance data and will be released on Thursday, 5:15 PM (IST).There will be a vote from members of ECB and market expectations are of decrease in interest rates to 0.75% from current 1%.
  • ECB Press Conference:After declration of ECB rates there will be a press conference from members of ECB. on 6:00 PM (IST)..As real time economic conditions will be discussed during press conference,a higher volatility is expected during these hours.

Such News creates volatility in the market and can create good trading opportunity especially for currency and commodity traders.

 

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