High Impact Economic News for the week of October 12th

    Hello Traders.  Hope all is well with you and your trades.  The staff at Forex Club would like to wish you a great trading week.  To help you nail each of your trades, we’d like to give you this breakdown of the economic events occurring during the week of October 12th, 2009.

    There’s not much news related activity happening this week, paving the way for many smooth trades for all those traders out there who enjoy trading around the news.

    Monday will be a tricky day, as many of the markets will be closed, causing irregular volatility.  Monday night, at 22:45 (GMT), the NZD may move due to Retail Sales.  The forecast for Retail Sales is 0.6%.  If results are greater than 0.6%, expect the NZD to strengthen.

    Tuesday, October 13th’s high impact news events will start at 9:30 (GMT) when National Statistics releases its CPI.  The forecast for this event is 1.3%  If the actual amount is greater than the forecasted amount, expect the GBP to strengthen.  Afterwards, at 10:00 (GMT), the ZEW will release the German ZEW Economic Sentiment.  The forecast for this event is 58.6.  If the actual amount is greater than the forecasted amount, expect the EUR to strengthen.

    Wednesday, October 14th will be the most news heavy day of the week.  The Bank of Japan may release a Press Conference, although we are uncertain of the time until the press conference begins.  Traders should keep an eye out for the press conference, as information regarding the future monetary policy of the JPY may be released.  At 9:30 (GMT), National Statistics will be releasing their Claimant Count Change.  The forecast for this event is 25.1K.  If the actual amount is less than the forecasted amount, expect the GBP to strengthen.  Later, at 13:30 (GMT), the Census Bureau will release its Core Retail Sales.  The forecast for this event is 0.3%.  If the actual amount is greater than the forecasted amount, expect the USD to strengthen.  Retail Sales will also be released at this time.  The forecast for them is -2.0%.  If the actual amount is greater than the forecasted amount, expect the USD to strengthen.  At 19:00 (GMT), the Federal Reserve will release its FOMC Meeting Minutes.  Traders should read the minutes to see the set interest rates of the USD.  The last event will occur at 22:45 (GMT) when Statistics New Zealand releases its CPI.  The forecast for this event is 0.8%.  If the actual amount is greater than the forecasted amount, expect the currency to strengthen.

    Thursday, October 15th’s high impact news events will start off at 0:30 (GMT) when the Reserve Bank of Australia’s Governor Glenn Stevens speaks.  He may drop clues regarding the future monetary policy of the AUD.  Since the Australian dollar’s interest rates rose, it will be very interesting to see what will happens to the AUD after Stevens speaks.  At 13:30 (GMT), the Bureau of Labor Statistics will release its CORE CPI.  The forecast for this event is 0.1%.  If the actual amount is greater than the forecasted amount, expect the USD to strengthen.  At the same time, the weekly US Unemployment Claims will be released.  This week’s forecast is 525K.  The beginning of October saw a sharp increase in Unemployment Claims, which teetered down since then, so it’ll be hard to estimate where this week’s claims will land.  If the actual amount is less than the forecasted amount, expect the USD to strengthen.

    Friday, October 16th’s high impact news events will start at 8:15 (GMT) when the Federal Statistical Office releases Retail Sales.  The forecast for this event is 1.7%.  If the actual amount is greater than the forecasted amount, expect the CHF to strengthen.  At 12:00 (GMT), Statistics Canada will release its Core CPI.  The forecast for this event is 0.1%.  If the actual amount is greater than the forecasted amount, expect the CAD to strengthen.  This week’s final high impact economic event will occur at 14:00 (GMT), when the Department of the Treasury releases the TIC Long-Term Purchases.  The forecast for this event is 10.9B.  If the actual amount is greater than the forecasted amount, expect the USD to strengthen.

    We hope you research each of the events listed above and use them to your advantage.  As always, Forex Club would like to wish you a healthy week filled with successful trades.