9 Economic Events You Can Trade This Week

Ready for another trading week? Make sure you consider these potential market movers before you take any trades!

1. U.S. employment reports

The ADP data is one of the first employment-related reports we’ll see before the NFP report next week. Last week’s initial jobless claims was also in the spotlight as a miss was blamed on a backlog in California. Will this week’s numbers reflect another disappointment?

2. Other tier 1 U.S. reports

    Pending home sales (Monday, 3:00 pm GMT)
    Retail sales (Tuesday, 1:30 pm GMT)
    CB consumer confidence (Tuesday, 3:00 pm GMT)
    ISM manufacturing PMI (Friday, 3:00 pm GMT)

Some of these reports were delayed due to the government shutdown, so now we’ll get a chance at seeing a bigger picture of Uncle Sam’s economic growth.

3. Germany’s reports

    Unemployment change (Wednesday, 9:55 pm GMT)
    Retail sales (Thursday, 8:00 am GMT)

Germany is the euro zone’s largest economy. A significant miss in either of these tier 1 reports could affect the euro’s intraday price action.

4. FOMC Statement (Wednesday, 7:00 pm GMT)

How did the government shutdown affect the Fed’s taper timeline? Let’s hope Bernanke and his gang end the guesswork this week!

5. RBNZ Monetary Policy Decision (Wednesday, 9:00 pm GMT)

Last week the Bank of Canada surprisingly shed its hawkish feathers. Will the Reserve Bank of New Zealand (RBNZ) follow suit? Based on RBNZ Governor Graeme Wheeler’s recent speeches, there’s a chance that the central bank is getting uncomfortable over the Kiwi’s strength.

6. BOJ Monetary Policy Decision (Thursday, tentative sched)

It’s been a while since we’ve seen any moves from the Bank of Japan. Will this month be any different? Word on the hood is that Deputy Governor Kikuo Iwata has just reiterated the central bank’s pledge to keep on easing!

7. Canadian GDP (Thursday, 1:30 pm GMT)

Was the BOC right to drop its hawkish bias this month? Canada’s August GDP is expected to show a 0.2% growth after July’s 0.6% growth reading.

8. Chinese Manufacturing PMI (Friday, 2:00 am GMT)

Will China’s official numbers confirm the strength in the upside surprise in HSBC’s manufacturing numbers last week? The report is expected to come in at 51.2 from last month’s 51.5 reading.

9. U.K. Manufacturing PMI (Friday, 10:30 am GMT)

Last month all THREE of the U.K.’s major PMIs broke their better-than-expected streak by printing disappointing numbers. Were those merely corrections or the start of a new trend?

There you have it, folks! 9 economic events that are perfect for news trading! If you’re not into trading the shorter time frames though, then you should at least consider these events before you take your setups. Good luck and good trading!

  • CHUKS BANOR

    Hi, please help, how do you trade fundamentally. I mean when a news comes out as expected (positive), do you therefore sell or buy dollars at that same time? Thank you.