Here's Economic Calendar for the week commencing 29 March 2010. This week there's a suite of data out of the US that will provide a very interesting and broad insight into the health or otherwise of the recovery. There's also confidence and PMI indicators from a few different countries due for release throughout the week; including China, UK, New Zealand, US, and Japan.
(More commentary follows the table)
|Monday||12:30||USD||Personal Consumption Expenditure||0.10%||0.00%|
|Tuesday||13:00||USD||S&P/Case-Shiller Home Price Index||145.5||145.9|
|Tuesday||22:00||NZD||NBNZ Business Confidence||50.10|
|Wednesday||7:55||EUR||German Unemployment Change||8k||7k|
|Wednesday||12:30||CAD||Gross Domestic Product||0.50%||0.60%|
|Wednesday||5:00||JPY||Annualised Housing Starts||0.865M||0.863M|
|Wednesday||9:00||EUR||EU Unemployment Rate||10%||9.90%|
|Wednesday||9:00||EUR||EU CPI estimate||1.10%||0.90%|
|Wednesday||22:30||CNY||HSBC Manufacturing PMI||55.8|
|Wednesday||5:30||CHF||KOF Economic Barometer||1.91||1.87|
|Thursday||14:00||USD||ISM Mfg Index PMI||56||56.5|
|Thursday||6:00||EUR||German Retail Sales||-0.50%|
|Friday||12:30||USD||Change in Non-farm Payrolls||190k||-32k|
As mentioned the week will be very interesting from a US economy perspective. First up is February Personal Income and Outlays with the consensus for a slight improvement in both income and spending. Then there's Tuesday with S&P Case Shiller house prices for an update on the critical housing market; one to watch closely as the year unfolds as further price falls could trip up the recovery.
Also on Tuesday is the Conference Board with Consumer Confidence, consensus is for a move back to 50; this is an important gauge of consumer spending and perceptions of the economy and future conditions - watch the components.
Another big one this week is the ISM manufacturing PMI. The Purchasing Managers Index is a widely watched gauge of activity in the US and it's individual component indices are useful for detecting trends like inventory rebuilding, prices, international trade, and employment.
Then of course on Friday there's March Non-farm Payrolls. Within this data there's also the unemployment rate, but that figure can bounce around a lot due to movements in the participation rate; the one to watch is job numbers. Consensus estimates are for a reasonable gain in March, and it is reasonably sensible to expect; there's census hiring, a possible deferring of hiring from February due to the poor weather, and general (albeit slow and fragile) improvement in economic conditions.
Elsewhere the PMI figures from China will be interesting to see, as will the UK PMI figures. There's also business and consumer confidence updates from a few countries, so it will be quite an interesting week sentiment-wise.
Stay tuned for updates...
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+various statistics websites and central bank websites for verification
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