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    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 high impact economic events occurring during the week of June 14th, 2009.

    The week started with the TIC Long-Term Purchases.   This occurred at 13:00 (GMT) on Monday, June 15th.  The actual amount (of 11.2B) was far below the forecasted amount (of 58.1B), thus causing the USD to decline against the yen.

    Tuesday, June 16th’s high impact events are going to start bright and early with the Reserve bank of Australia’s Monetary Policy Meeting Minutes.  This event occurs 11 times a years, two weeks after the Cash Rate is announced.  The event will be bullish for the AUD if the RBA is hawkish about the inflationary outlook for the economy.  The Bank of Japan is due to hold a Press Conference on Tuesday (time still unknown).  This conference is held 14 times each year.  Like the RBA’s Meeting Minutes, the BOJ’s Press Conference will be good for the JPY if the BOJ is hawkish about the inflationary outlook for the economy.  At 8:30 (GMT), National Statistics will release the Consumer Price Index, which will affect the GBP.  The forecast for this event is 1.9%.  If the actual amount is greater than the forecasted amount, the GBP will strengthen.  At 9:00 (GMT), the EUR will be affected by Germany’s ZEW Economic Sentiment.  The forecast for this event is 35.1.  The ZEW’s Economic Sentiment has a good history of having positive actual results, thus being good for the currency (the last pessimistic result was on October 14th, 2008).  At 12:30 (GMT), the Census Bureau will be releasing its Building Permits data.  This data gives traders an idea of how many new construction projects are underway, and therefore how well future corporate investments may fair (thus strengthening their currency).  The forecast for this event is 0.50M.  Its past actual results have been fairly pessimistic.

    Wednesday, June 17th will begin with the Federal Statistical Office’s Retail Sales at 7:15 (GMT).  This monthly event will affect the CHF.  Its forecast is 0.5%, with mixed past results.  At 8:30 (GMT), the GBP may move due to the Claimant Count Change, which is released by National Statistics.  This event will tell traders how many people are out of jobs, hence giving them an idea of how the economy will fair.  The forecast for this amount is 61.8K.  If the actual amount is less than the forecasted amount, the GBP will strengthen.  At 12:30 (GMT), the Bureau of Labor Statistics will release the Core Consumer Price Index, which may affect the USD.  The forecast for this event is 0.1%.  Past actual amounts have been optimistic since February 2009.  At 13:00 (GMT), Federal Reserve Chairman Ben Bernanke will give a speech.  Volatility in the USD is often experienced during his speeches.  Keep an eye out for a speech given by the Bank of England’s Governor, Mervyn King.  The time is still uncertain, but volatility in the GBP is often experienced during his speeches.

    Thursday, June 18th’s high impact events will start at 7:30 (GMT) with possible movement in the CHF due to the Swiss National Bank’s Libor Rate, the SNB’s Press Conference and the SNB’s Monetary Policy Assessment.  The forecast for the Libor Rate is 0.25%, with actual amounts being accurate.  Traders should analyze the Press Conference and the Monetary Policy Assessment for clues of the CHF’s economic outlook and future rate decisions.  At 8:30 (GMT), National Statistics will be releasing Retail Sales, which may cause the GBP to move.  The forecast for this event is 0.4%, with optimistic past actual results.  At 11:00 (GMT), the CAD may move due to Statistics Canada’s Core Consumer Price Index.  The forecast for this event is 0.1%.  The day’s high impact events will end fairly early in the day (depending where you are) at 12:30 (GMT) with the USD’s Unemployment Claims.  This report is released weekly.  The forecast for this event is 610K.

    On Friday, June 19th the only high impact event that is scheduled is Statistics Canada’s Core Retail Sales, which may cause the CAD to move at 12:30 (GMT).  The forecast for this event -0.1%.

    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.