This week's economic events

M

Mr.G

Member
I often have a look at this forum and see the question raised "Why is the price of Silver spiking / dropping suddenly...or over a period of time".

Then there are naturally a variety of answers provided from forum members ranging from possibly correct to outright paranoia.

The future price of Silver / Gold is a subject of real and frequent interest on this forum, however I have noticed that there is not a strong link / correlation between the "price discussion" here on SS and actual economic events that happen in the market on a daily basis. I have found this confronting as these economic events are the key factors that influence price action.

So, I thought I'd give a trial contribution of weekly information to the SS forum that may help to shed some light on price action in the market for US$, A$ and Gold [and by proxy silver]. This will highlight the timing of key economic events that will occur in the forth coming week such as RBA interest rate decisions, FOMC policy statements, data releases from government agencies like the ABS and others. I have to admit I'm not an expert in sourcing data releases from China though I'll look to improve this over coming weeks as this is such a significant influence on A$.

I hope this trial contribution is useful to you, I hope it improves the organisation and results of my own trading.

Feel free PM me any events that I've missed and i'll add them to the weekly list.

Mr.G
 
Key events on the calendar this week that I think have the potential to affect the price of US$, Gold and the A$.

* Note the time of the event is AEST.

Week 19-24 August 2013

Monday 19th
09.50 - Japanese trade data for April - Imports / exports / trade balance. Important indicator of Japanese economic activity. Strong data will support YEN and put downward pressure on US$ [and vice versa].

11.00 - Australian New Car sales July - Indicator of consumer spending / confidence. Positive data can support A$ [and vice versa].

Tuesday 20th
11.30 - Minutes from RBA August Monetary Policy Meeting - The language used in the minutes can indicate the reasoning behind the RBA immediate past decision and what will influence their next decisions. Important as this may provide a lead to where interest rates will head next month under certain circumstances.


Wednesday 21st
market influenced by sentiment

Thursday 22nd
0.00 - US Existing house sales - Indicator of consumer spending on established housing. A high figure indicates economic activity / strength and would support US$ [and vice versa].

22.30 - US Jobless Claims - Indicator of new and ongoing jobless claims that have been registered. A low figure indicates economic activity / strength and would support US$ [and vice versa].

Friday 23rd
0.00 - US Leading Indicators - A composite mix of 10 key economic indicators providing a smoothed over view of the US economy. A positive figure indicates economic activity / strength and would support US$ [and vice versa].

01.00 - US Manufacturing data - Indicator of activity in the manufacturing sector, which is considered a key sign of economic activity including products for domestic consumption and export markets. A positive figure indicates economic activity / strength and would support US$ [and vice versa].


Saturday 24th
0.00 - US New home sales - Indicator of consumer spending on new housing. A high figure indicates economic activity / strength and would support US$ [and vice versa].


Mr.G
 
Mr.G said:
Tuesday 20th
market influenced by sentiment


Wednesday 21st
market influenced by sentiment
Click to expand...

;)
I just use Tue & Wed logic for every other day too.
 
Last week we saw some interesting price action in the Currency and Gold markets in response to economic events notably:
- A$ in response to RBA minutes.
- US$ and conversely gold in response to US Jobless Claims, Leading Indicators, Manufacturing Data and New Home Sales.


Key events on the calendar this week that I think have the potential to affect the price of US$, Gold and the A$.

* Note the time of the event is AEST.

Week 26-31 August 2013

Monday 26th August 2013

22.30 - US Durable Goods Orders - Indicator of US business spending on the purchase of new plant and equipment. A high figure indicates economic activity / strength and would support US$ [and vice versa].

Tuesday 27th August 2013

11.30 - Aust. Balance of Payments

23.00 - US House price index - Indicator of changes in realestate value over 20 US metros. A high figure indicates investor confidence and would support US$ [and vice versa].

Wednesday 28th August 2013
11.30 - Aust Construction Completion - Indicator of Aust construction sector activity. A high figure indicates economic activity / strength and would provides support to A$ [and vice versa].
0.00 - US Consumer Confidence - Indicator of Us consumer confidence. A positive figure would support US$ [and vice versa].

Thursday 29th August 2013

9.50 - Japanese Retail Sales - Important indicator of Japanese economic activity. Strong data will support YEN and put downward pressure on US$ [and vice versa].

11.30 - Aust Business Capital Expenditure - Indicator of Aust business spending on the purchase of new plant and equipment. A high figure indicates economic activity / strength and would provides support to A$ [and vice versa].

22.30 - US Jobless Claims - and monthly average - Indicator of new and ongoing jobless claims that have been registered. A low figure indicates economic activity / strength and would support US$ [and vice versa].

Friday 30th August 2013

9.50 - Japanese Unemployed Rate - Important indicator of Japanese workforce activity. Strong data will support YEN and put downward pressure on US$ [and vice versa].

9.50 - Japanese Industrial Production - Important indicator of Japanese industrial / manufacturing activity. Strong data will support YEN and put downward pressure on US$ [and vice versa].

23.45 - Chicago PMI - Indicator of US Manufacturing conditions. A positive figure would support US$ [and vice versa].
 
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