Ready for another trading week? Make sure you consider these potential market movers before you take any trades!
1. U.S. employment reports
ADP report (Wednesday, 1:15 pm GMT)
Initial jobless claims (Thursday, 1:30 pm GMT)
The ADP data is one of the first employment-related reports well see before the NFP report next week. Last weeks initial jobless claims was also in the spotlight as a miss was blamed on a backlog in California. Will this weeks 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 well get a chance at seeing a bigger picture of Uncle Sams economic growth.
3. Germanys reports
Unemployment change (Wednesday, 9:55 pm GMT)
Retail sales (Thursday, 8:00 am GMT)
Germany is the euro zones largest economy. A significant miss in either of these tier 1 reports could affect the euros intraday price action.
4. FOMC Statement (Wednesday, 7:00 pm GMT)
How did the government shutdown affect the Feds taper timeline? Lets 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 Wheelers recent speeches, theres a chance that the central bank is getting uncomfortable over the Kiwis strength.
6. BOJ Monetary Policy Decision (Thursday, tentative sched)
Its been a while since weve 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 banks pledge to keep on easing!
7. Canadian GDP (Thursday, 1:30 pm GMT)
Was the BOC right to drop its hawkish bias this month? Canadas August GDP is expected to show a 0.2% growth after Julys 0.6% growth reading.
8. Chinese Manufacturing PMI (Friday, 2:00 am GMT)
Will Chinas official numbers confirm the strength in the upside surprise in HSBCs manufacturing numbers last week? The report is expected to come in at 51.2 from last months 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 youre 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!