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*All time is quoted in Eastern Time (ET).
Interest Rate Decision

This news release details the decision for the overnight lending rate, which affects borrowing rates for consumers and businesses. Higher rates are intended to slow an economy and stem inflation, while lower rates are meant to spur economic activity through increased borrowing and consumption. Currencies are bolstered in a rising rate environment, while declining rates have the opposite effect.

Change In Employment

This report provides the net change in the number of individuals employed in the country. Economists watch for a signal of increasing or decreasing job growth, as they are leading indicators that future consumption and expenditures will expand or contract accordingly.

Consumer Price Index (CPI)

This report is a key barometer for inflation in an economy. It measures the change in prices over a period for a predetermined basket of consumer goods and services that the average household will purchase. Increased costs for such goods represent an increase in the cost of living for the average family, which translates to declining purchasing power. A central bank is likely to raise rates to counteract inflation, which in turn will generally strengthen the underlying currency.

Retail Sales

This report acts as a barometer of consumer spending and sentiment, as it measures the total sales of goods and services by retail stores. Strong sales indicate bullishness on the part of consumers, which in turn translates to an expanding economy. Weaker sales indicate that consumers are cautious and less willing to consume, which in turn translates to contraction in the economy.

Trade Balance

The trade balance figure is simply the difference between the amount of export and imports of goods and services for the reported month between a country and other foreign trade partners. When exports are greater than imports, a trade surplus is created. When imports are greater than exports, a deficit is created. If there is more money leaving the country than actually coming in. As a result, the report is taken into heavy consideration as it indicates flow of goods and services and stand as one of the biggest components of the Balance of Payments report.

Gross Domestic Product

This report provides a barometer of the country’s overall economic health, measuring the production and consumption of goods and services. Strong GDP growth signals an expanding economy and raises concerns of inflation, portending the likelihood of rising rates. Contraction signals a slowing economy and the fear of recession, which generally leads to falling interest rates.

ISM Manufacturing Survey

This survey provides a barometer on the sentiment of executives toward inflation, business outlook (e.g. new orders, production, backlog, inventory levels, etc.) and labor conditions. Values over 50 indicate expansion, while values below 50 signal contraction.
*All time is quoted in Eastern Time (ET).
Interest Rate Decision

This news release details the decision for the overnight lending rate, which affects borrowing rates for consumers and businesses. Higher rates are intended to slow an economy and stem inflation, while lower rates are meant to spur economic activity through increased borrowing and consumption. Currencies are bolstered in a rising rate environment, while declining rates have the opposite effect.

Change In Employment

This report provides the net change in the number of individuals employed in the country. Economists watch for a signal of increasing or decreasing job growth, as they are leading indicators that future consumption and expenditures will expand or contract accordingly.

Consumer Price Index (CPI)

This report is a key barometer for inflation in an economy. It measures the change in prices over a period for a predetermined basket of consumer goods and services that the average household will purchase. Increased costs for such goods represent an increase in the cost of living for the average family, which translates to declining purchasing power. A central bank is likely to raise rates to counteract inflation, which in turn will generally strengthen the underlying currency.

Retail Sales

This report acts as a barometer of consumer spending and sentiment, as it measures the total sales of goods and services by retail stores. Strong sales indicate bullishness on the part of consumers, which in turn translates to an expanding economy. Weaker sales indicate that consumers are cautious and less willing to consume, which in turn translates to contraction in the economy.

Trade Balance

The trade balance figure is simply the difference between the amount of export and imports of goods and services for the reported month between a country and other foreign trade partners. When exports are greater than imports, a trade surplus is created. When imports are greater than exports, a deficit is created. If there is more money leaving the country than actually coming in. As a result, the report is taken into heavy consideration as it indicates flow of goods and services and stand as one of the biggest components of the Balance of Payments report.

Gross Domestic Product

This report provides a barometer of the country’s overall economic health, measuring the production and consumption of goods and services. Strong GDP growth signals an expanding economy and raises concerns of inflation, portending the likelihood of rising rates. Contraction signals a slowing economy and the fear of recession, which generally leads to falling interest rates.

ISM Manufacturing Survey

This survey provides a barometer on the sentiment of executives toward inflation, business outlook (e.g. new orders, production, backlog, inventory levels, etc.) and labor conditions. Values over 50 indicate expansion, while values below 50 signal contraction.

Want To Receive More Free Forex Trading Videos?

Join our “Forex Impact Video Newsletter” and receive currency trading tips just like this every day to your inbox.
Just fill out the form below to subscribe:

In all serious, we hate spam as much as you do. Your information will not be used for any purpose other than to send you our free video newsletter.

The Dow erased its 2010 loss this week, finally going into the positive for the year on Thursday, and trending up even further after the employment report beat expectations. Retail reports throughout the week in the States also are increasing optimism that the economy is slowly regaining strength.

The major banks in the U.S. are still making news, as Bank of America warrants were sold by the Treasury department for $1.54 billion, a record for that type of sale. Citi’s CEO has released public statements insisting that the bank has transformed since the banking crisis.

Overseas the EU is still negotiating with the nation of Greece to try and figure out the right plan for helping the nation pull out of a debt crisis. A key bond plan has passed, giving a lot of confidence that a viable plan will be able to be worked out.

Natural gas tumbled 4% as oil prices rose, and beleaguered car company Toyota continues to struggle as there were nearly 70 consumer complaints filed with unwanted and unintended acceleration on “repaired” cars - the same problem that caused the initial recall.

That’s quite a lot to chew on even before diving into a busy week with the normal economic reports. Europe in particular had a lot to release this past week. So without any further wait, let’s jump right into the fray in this week’s version of the week in review.

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