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  • 8/7/2019 SG_Economic-Calendar

    1/23

    Note: This calendar only provides general inormation and it is not meant to be a trading guide. Dates are subject to change. GFT cannot be held responsible

    or the eventual inaccuracies that might occur. Visit our website at gtasia.com. 2010 Global Futures & Forex, Ltd. All rights reserved.

    PLUS: A 2011 FORECAST FROM GFTS

    DAVID MORRISON, KATHY LIEN AND

    BORIS SCHLOSSBERG.Track the progress o markets in 2011. Read what our analysts

    orecast and then see when economic indicators, such as the

    Gross Domestic Product, Producer Prices, Consumer Conidence

    and others, will be announced.

    Q3Q4

    Q2Q1

    This inormation is made available to you by or or GFT Global Markets Asia Pte. Ltd. (Unique Entity Number 200717665N). The contents hereo is available or accessible or inormational purposes only and is not to be regarded as an oer or a solicitation to

    deal in any investment product or to enter into any legal relations, nor an advice or a recommendation with respect to such investment product.

    The inormation provided here should not be relied upon as a substitute or extensive independent research beore making your investment decisions. GFT is merely providing this inormation or your general inormation and the inormation does not take into

    account any particular individuals investment objectives, inancial situation, or needs. All investors should obtain advice based on their unique situation beore making any investment decision based upon any inormation contained within. Trading o oreign

    exchange contracts and other investment products, which are leveraged, can carry a high level o risk, and may not be suitable or all investors. It is possible to lose more than the initial investment.

    http://www.gftasia.com/
  • 8/7/2019 SG_Economic-Calendar

    2/23

    KATHY AND BORIS2011 MARKET FORECAST

    Bs ShlssbGFTs Director of Currency Research

    Kahy LGFTs Director of Currency Research

    RECOVERY OR DOUBLE-DIP

    RECESSION IN 2011?

    2010 was a roller coaster year in the currency markets, marked by the sovereign debt

    crisis in Europe, sluggish economic activity in the US and strong growth in Asia Paciic,

    which helped to propel the oth er advanced economies orward. As the new year begins,

    the global economy will need to rebalance in order to maintain momentum into 2 011.

    Thereore, the central question acing currency traders is whether G10 economies

    can make the proper adjustments - or i theyll ace the possibility o a double-dip

    recession.

    Continued on next page

    The inormation provided here should not be relied upon as a substitute or extensive independent research beore making

    your investment decisions. GFT is merely providing this inormation or your general inormation and the inormation

    does not take into account any particular individuals investment objectives, inancial situation, or needs. All investors

    should obtain advice based on their unique situation beore making any investment decision based upon any inormation

    contained within. Trading o oreign exchange contracts and other investment products, which are leveraged, can carry

    a high level o risk, and may not be suitable or all investors. It is possible to lose more than the initial investment. The

    views o the author are not necessarily those o GFT, its owners, oicers, agents or employees. This presentation does not

    constitute a recommendation to ollow a particular trading strategy. All trades should be considered careully with your

    personal trading strategy, including risk tolerance. In addition, any projections or views o the market provided by the

    author may not prove to be accurate.

  • 8/7/2019 SG_Economic-Calendar

    3/23

    Chinas status is also important or Europe. Strong demand rom China is crucial to

    German economic success in 2011. Europes largest economy is an export powerhouse,

    relying on this sector to generate its growth. Given the sovereign debt problems around

    it, the euro zone aces an enormous risk in 2011 i German growth slows. Germany

    is the primary source o capital or most o the bailout rescues the EU engineered in

    2010. Without a robust German economy, the monetary union o the euro zone could

    ragment as economies like Greece, Ireland, Portugal and Spain meet increasingly

    hostile capital markets and are unable to inance their budgets.

    US EMPLOYMENT GROwTH KEY ISSUE

    The key issue in the US remains employment growth. The US economy lagged in 2010,

    especially as the countrys unemployment rate remained stubbornly close to the 10

    percent level. However, US labour conditions showed some improvement at the end o

    2010, as job creation turned positive or the irst time in ive months. I job growth picks

    up, the US economy, which is highly leveraged to consumer spending, could prove to be

    the economic surprise o 2011. The greenback could stage a sustained rally, especially

    against the Japanese yen, as US yields begin to rise.

    As 2011 begins, each G10 region aces its own unique ch allenges - but China remains the

    critical actor in determining growth or Asia, Europe and North America. Although the

    worlds ourth largest economy does not even have a ree-loating currency, its impact

    on the oreign exchange market remains immense.

    CHINAS TIGHTENING MONETARYPOLICY COULD HAVE GLOBALRAMIFICATIONS

    The excess liquidity rom the Federal Reserves aggressive monetary policy, which

    provided an additional $600 billion o quantitative easing, produced stronginlationary pressures in China. Chinese ood prices, which make up a large part o

    an average consumers budget, skyrocketed by more than 70 percent. This orced

    Chinese monetary authorities to tighten policy. The bearish scenario or 2011 is

    that by trying to curb inlation, China will be orced to slow down its double-

    digit GDP growth. This could have massive negative ramiications throughout the

    industrialised world.

    The commodity dollar economies are the most vulnerable to such an outcome,

    especially Australia. The Australian dollar, which almost hit parity with the

    greenback by the end o 2010, could see a major correction i China tightens.

    However, i China is able to control inlationary pressures while maintaining itsdouble-digit growth, the recovery trade should continue into 2011, helping to

    support risk currencies.

    KATHY AND BORIS2011 MARKET FORECAST

    The inormation provided here should not be relied upon as a substitute or extensive independent research beore making your investment decisions. GFT is merely providing this inormation or your general inormation and the inormation does

    not take into account any particular individuals investment objectives, inancial situation, or needs. All investors should obtain advice based on their unique situation beore making any investment decision based upon any inormation contained

    within. Trading o oreign exchange contracts and other investment products, which are leveraged, can carry a high level o risk, and may not be suitable or all investors. It is possible to lose more than the initial investment. The views o the

    author are not necessarily those o GFT, its owners, oicers, agents or employees. This presentation does not constitute a recommendation to ollow a particular trading strategy. All trades should be considered careully with your personal trading

    strategy, including risk tolerance. In addition, any projections or views o the market provided by the author may not prove to be accurate.

  • 8/7/2019 SG_Economic-Calendar

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    DAVID MORRISONS2011 MARKET FORECAST

    Dad MsGFTs CFD Market Strategist

    EURO ZONES DEBT ISSUES

    CONTINUE IN 2011

    2011 could prove to be an extraordinary year or inancial markets. For equities, the

    best outcome would be to have a similar year to 2010. However, that would require a

    number o serious problems to be successully resolved, or or policymakers to duck out

    o making unpopular decisions and, once again, brush t he issues under the carpet. This

    is becoming more diicult, as its increasingly apparent we are still struggling with the

    allout rom the inancial crisis.

    In the last quarter o 2010, the euro zones sovereign debt issues were a major ocus

    or investors. These are likely to remain centre-stage as the solvency o many European

    banks is increasingly questioned. While there appear to be unds available rom the

    European Financial Stability Facility to rescue the smaller eurozone members, such

    as Greece, Ireland and Portugal, there is danger o a sharp political backlash. German

    taxpayers are already urious at being orced to bail out their weaker (and proligate)

    neighbours, and they are likely to revolt should rising tensions spread to Spain.

    Continued on next page

    The inormation provided here should not be relied upon as a substitute or extensive independent research beore making

    your investment decisions. GFT is merely providing this inormation or your general inormation and the inormation

    does not take into account any particular individuals investment objectives, inancial situation, or needs. All investors

    should obtain advice based on their unique situation beore making any investment decision based upon any inormation

    contained within. Trading o oreign exchange contracts and other investment products, which are leveraged, can carry

    a high level o risk, and may not be suitable or all investors. It is possible to lose more than the initial investment. The

    views o the author are not necessarily those o GFT, its owners, oicers, agents or employees. This presentation does not

    constitute a recommendation to ollow a particular trading strategy. All trades should be considered careully with your

    personal trading strategy, including risk tolerance. In addition, any projections or views o the market provided by the

    author may not prove to be accurate.

  • 8/7/2019 SG_Economic-Calendar

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    THE IMPACT OF THE FEDSQUANTITATIVE EASING PROGRAMME

    Turning to the US, the Federal Reserves latest quantitative easing programme

    (QE2) is due to end in June. The central bank has been strongly criticised or this

    intervention, both at home and abroad. Without a rise in inlation and a all in

    unemployment by the end o the irst quarter, QE2 will be deemed a ailure. This

    would make it extremely diicult or the Fed to justiy extending the programme.

    There is another danger. I the Fed is successul in boosting inlationary

    expectations, then we can expect a rise in bond yields. At this stage, the central

    bank would need to reduce its balance sheet by selling Treasuries and sucking

    surplus dollars out o the inancial system. But, it will be selling into a market

    where everyone else wants to sell as well. Ater all, i inlation is rising, bonds

    become an unattractive investment proposition. This could see US Treasuries slump

    and yields soar. The eect o higher yields on the ragile US housing market would

    be disastrous.

    So the Fed is walking a t ightrope, while painully aware that this monetary

    experiment has never been tried beore. On top o this, the ho using market

    remains in a critical state, with many US homeowners owing more on their

    mortgage than their property is worth. The oreclosure mess needs to be resolved,

    while allegations o raud swirl around the market or mortgage-backed securities.

    No wonder investors are increasingly pouring their capital into the sae havens o

    gold and silver.

    DAVID MORRISONS2011 MARKET FORECAST

    The inormation provided here should not be relied upon as a substitute or extensive independent research beore making

    your investment decisions. GFT is merely providing this inormation or your general inormation and the inormation

    does not take into account any particular individuals investment objectives, inancial situation, or needs. All investors

    should obtain advice based on their unique situation beore making any investment decision based upon any inormation

    contained within. Trading o oreign exchange contracts and other investment products, which are leveraged, can carry

    a high level o risk, and may not be suitable or all investors. It is possible to lose more than the initial investment. The

    views o the author are not necessarily those o GFT, its owners, oicers, agents or employees. This presentation does not

    constitute a recommendation to ollow a particular trading strategy. All trades should be considered careully with your

    personal trading strategy, including risk tolerance. In addition, any projections or views o the market provided by the

    author may not prove to be accurate.

  • 8/7/2019 SG_Economic-Calendar

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    262423

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    20

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    2128

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    22

    16

    4 5

    6 7 8 9

    27

    visit gftasia.com

    Note: This calendar only provides general inormation and it is not meant to be a trading guide. Dates are subject to change. GFT cannot be held responsible

    or the eventual inaccuracies that might occur. Visit our website at gtasia.com. 2010 Global Futures & Forex, Ltd. All rights reserved.

    FEBRUARY2011

    Volatile Market Event Select Markets Closed

    GFT EcoNomic cAlENdAR ALL eventS AccorDing to gMt

    http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/
  • 8/7/2019 SG_Economic-Calendar

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    2223242930 31

    16

    4 56 7 8 9

    27

    visit gftasia.com

    Note: This calendar only provides general inormation and it is not meant to be a trading guide. Dates are subject to change. GFT cannot be held responsible

    or the eventual inaccuracies that might occur. Visit our website at gtasia.com. 2010 Global Futures & Forex, Ltd. All rights reserved.

    mARcH2011

    Volatile Market Event Select Markets Closed

    GFT EcoNomic cAlENdAR ALL eventS AccorDing to gMt

    http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/
  • 8/7/2019 SG_Economic-Calendar

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    1926

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    2324 30

    4 5 6 7 8 9

    27

    visit gftasia.com

    Note: This calendar only provides general inormation and it is not meant to be a trading guide. Dates are subject to change. GFT cannot be held responsible

    or the eventual inaccuracies that might occur. Visit our website at gtasia.com. 2010 Global Futures & Forex, Ltd. All rights reserved.

    APRil2011

    Volatile Market Event Select Markets Closed

    GFT EcoNomic cAlENdAR ALL eventS AccorDing to gMt

    http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/
  • 8/7/2019 SG_Economic-Calendar

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    222930 31

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    4 5 6 78 9

    27

    visit gftasia.com

    Note: This calendar only provides general inormation and it is not meant to be a trading guide. Dates are subject to change. GFT cannot be held responsible

    or the eventual inaccuracies that might occur. Visit our website at gtasia.com. 2010 Global Futures & Forex, Ltd. All rights reserved.

    mAY2011

    Volatile Market Event Select Markets Closed

    GFT EcoNomic cAlENdAR ALL eventS AccorDing to gMt

    http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/
  • 8/7/2019 SG_Economic-Calendar

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    1926

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    45 6 7 8 9

    27

    visit gftasia.com

    Note: This calendar only provides general inormation and it is not meant to be a trading guide. Dates are subject to change. GFT cannot be held responsible

    or the eventual inaccuracies that might occur. Visit our website at gtasia.com. 2010 Global Futures & Forex, Ltd. All rights reserved.

    JUNE2011

    Volatile Market Event Select Markets Closed

    GFT EcoNomic cAlENdAR ALL eventS AccorDing to gMt

    http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/
  • 8/7/2019 SG_Economic-Calendar

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    4 5 6 7 8 9

    2724

    31

    visit gftasia.com

    Note: This calendar only provides general inormation and it is not meant to be a trading guide. Dates are subject to change. GFT cannot be held responsible

    or the eventual inaccuracies that might occur. Visit our website at gtasia.com. 2010 Global Futures & Forex, Ltd. All rights reserved.

    JUlY2011

    Volatile Market Event Select Markets Closed

    GFT EcoNomic cAlENdAR ALL eventS AccorDing to gMt

    http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/
  • 8/7/2019 SG_Economic-Calendar

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    2014

    2128

    15

    222930 31

    16

    4 5 67 8 9

    27

    visit gftasia.com

    Note: This calendar only provides general inormation and it is not meant to be a trading guide. Dates are subject to change. GFT cannot be held responsible

    or the eventual inaccuracies that might occur. Visit our website at gtasia.com. 2010 Global Futures & Forex, Ltd. All rights reserved.

    AUGUST2011

    Volatile Market Event Select Markets Closed

    GFT EcoNomic cAlENdAR ALL eventS AccorDing to gMt

    http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/
  • 8/7/2019 SG_Economic-Calendar

    14/23

    1 2 310

    1711

    1825

    12

    1926

    13

    20

    14

    2128

    15

    2223242930

    16

    4 5 6 7 8 9

    27

    visit gftasia.com

    Note: This calendar only provides general inormation and it is not meant to be a trading guide. Dates are subject to change. GFT cannot be held responsible

    or the eventual inaccuracies that might occur. Visit our website at gtasia.com. 2010 Global Futures & Forex, Ltd. All rights reserved.

    SEPTEmBER2011

    Volatile Market Event Select Markets Closed

    GFT EcoNomic cAlENdAR ALL eventS AccorDing to gMt

    http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/
  • 8/7/2019 SG_Economic-Calendar

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    12 3

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    12

    1926

    13

    20

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    2128

    15

    2229

    16

    4 5 6 7 8

    9

    2723 24

    30 31

    visit gftasia.com

    Note: This calendar only provides general inormation and it is not meant to be a trading guide. Dates are subject to change. GFT cannot be held responsible

    or the eventual inaccuracies that might occur. Visit our website at gtasia.com. 2010 Global Futures & Forex, Ltd. All rights reserved.

    ocToBER2010

    US Chicago Purchasing Manager 13:45US Bloomberg FCI Monthly 20:15

    CHF and NZD Market Closed

    Volatile Market Event Select Markets Closed

    GFT EcoNomic cAlENdAR ALL eventS AccorDing to gMt

    http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/
  • 8/7/2019 SG_Economic-Calendar

    16/23

    1 2 310

    17

    11

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    252423

    12

    19

    26

    13

    20

    14

    2128

    15

    222930

    16

    4 56 7 8 9

    27

    visit gftasia.com

    Note: This calendar only provides general inormation and it is not meant to be a trading guide. Dates are subject to change. GFT cannot be held responsible

    or the eventual inaccuracies that might occur. Visit our website at gtasia.com. 2010 Global Futures & Forex, Ltd. All rights reserved.

    NoVEmBER2011

    Volatile Market Event Select Markets Closed

    GFT EcoNomic cAlENdAR ALL eventS AccorDing to gMt

    http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/
  • 8/7/2019 SG_Economic-Calendar

    17/23

    1 2 310

    1711

    1825

    12

    1926

    13

    20

    14

    2128

    15

    2223242930 31

    16

    4 5 6 7 8 9

    27

    visit gftasia.com

    Note: This calendar only provides general inormation and it is not meant to be a trading guide. Dates are subject to change. GFT cannot be held responsible

    or the eventual inaccuracies that might occur. Visit our website at gtasia.com. 2010 Global Futures & Forex, Ltd. All rights reserved.

    dEcEmBER2011

    Volatile Market Event Select Markets Closed

    GFT EcoNomic cAlENdAR ALL eventS AccorDing to gMt

    http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/
  • 8/7/2019 SG_Economic-Calendar

    18/23

    visit gftasia.com

    Note: This calendar only provides general inormation and it is not meant to be a trading guide. Dates are subject to change. GFT cannot be held responsible

    or the eventual inaccuracies that might occur. Visit our website at gtasia.com. 2010 Global Futures & Forex, Ltd. All rights reserved.

    GloSSARY

    ADP emplym (US)

    This measures non-arm private employment in the U.S. labour market. As a payrollservices company that pays 1-in-6 private sector employees every pay period

    across a broad range o industries, ADP and its report are widely respected by

    traders. This release is oten used to orecast other reports.

    B Bk (US)Compiled by the Federal Reserve, this summary compiles the economic issues and

    conditions o interest to bankers, businesses and other proessionals in the 12 U.S.

    Federal districts. Traders are interested in this report as the Federal Open Market

    Committee (FOMC) will use inormation in this report when determining interest

    rate changes.

    Busss isThis gure reports the total value o inventory held by retailers, wholesalers,

    manuacturers and other companies and compares it to previously reported

    numbers. The Business Inventories release oten provides an indication o the state

    o an economy. Nonetheless, this number should be considered careully. While

    rising inventories may be negative in a weak economy, they may also be a positive

    sign in a growing economy.

    cha S SalsThis report measures and compares the sales perormance o retail chain stores

    in the U.S. Traders use this report to gauge other reports, such as consumer

    condence.

    cha PMi (US)This index usually surveys purchasing managers in a region on business conditions

    and the economy; the Chicago PMI surveys managers in Illinois, Indiana and

    Michigan. Traders mainly use this report to anticipate the results o the ISM

    Manuacturing release. Usually, rising numbers mean the value o the U.S. dollar

    may jump.

    csu Spd

    This calculates the total amount o money spent by the construction industry in aparticular country or region. Construction data usually has an impact on a variety

    o statistics that contribute to the whole economy.

    csum cdConsumer spending is a major component o a country or regions GDP; naturally,

    traders want to be able to gauge how consumers currently eel about the economy.

    This report surveys consumers about their nancial situation as well as their ability

    to buy and compiles this data in this release.

    csum cdThis provides a breakdown o the total value o outstanding credit debt held by

    consumers. This gure includes non-mortgage credit that is paid in installments.

    Consumer credit is related to consumer condence.

    csum PsThis is one o the central measures o ination. Rising prices mean consumers need

    to spend more money to purchase basics, like ood, uel, housing, and clothing. This

    can have an exponential impact on products as price increases propagate through

    the economy. This report measures the average price o products, compares them to

    previous reports, and examines actors that may have contributed to their change.

    cu Au

    Current account is the combined total o a countrys trade balance (goods and services

    imported to those exported), income payments (such as salaries or investment

    income) and transers (such as taxes or aid). Positive numbers suggest a current

    account surplus meaning that capital is staying in or entering the economy. This is

    viewed as positive or the currency. Negative numbers suggest that capital is exiting

    into the economies o other countries, which is negative or an economy.

    You may have looked at the announcements in this calendar and wondered, What

    kind o impact does that event have on the market? Thats why we included this

    list o announcements and a brie explanation o what they are below.

    A-C

    GFT EcoNomic cAlENdAR ALL eventS AccorDing to gMt

    http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/
  • 8/7/2019 SG_Economic-Calendar

    19/23

    visit gftasia.com

    Note: This calendar only provides general inormation and it is not meant to be a trading guide. Dates are subject to change. GFT cannot be held responsible

    or the eventual inaccuracies that might occur. Visit our website at gtasia.com. 2010 Global Futures & Forex, Ltd. All rights reserved.

    Duabl gds

    This totals the value o new purchase orders (P.O.s) placed with manuacturers orgoods made to last more than three years. A alling number usually has a negative

    efect on a currency.

    emp Sa Suy (US)This survey measures the sentiments o manuacturing executives in New York

    state on business conditions and the economy. Usually, rising numbers mean the

    value o the U.S. dollar may jump.

    emplymThis reports statistics on the number o people in a country or region looking or

    work, and/or ling or assistance. Employment is measured diferently by country

    or region. Improved or positive employment numbers are positive or any economyand its currency.

    emplym cs idx (eci) (US)

    This report compiles changes in wages, salaries and employer costs or employee

    benets and calculates the change in the cost o labour. Rising or alling numbers

    can indicate diferent things, depending on the state o the economy.

    Fay ods

    When the economy o a country or region is growing, manuacturers are busy and

    sell more products. This gure reports the total value o orders placed at actories

    and compares that to previously reported numbers. Stronger actory orders are

    positive or a currency.

    Fd Suy (US)

    These surveys rate the sentiments o manuacturing executives in a particular

    area on the state o the industry. This calendar reports on ve regions: Chicago,

    Dallas, Kansas City, Philadelphia and Richmond. These reports are primarily used to

    orecast other gures. Improving numbers in a Fed Survey should exhibit improved

    manuacturing conditions, liting the U.S. dollar.

    FHFA HPi (Fdal Hus Fa Ay Hus P idx)

    (US)This measures the change in the price o single-amily houses. Housing statistics

    usually have an impact on a variety o statistics that contribute to the whole economy.

    gDP

    This combines a countrys private consumption, capital investment, government

    expenditures and current account (the diference between exports and imports).

    GDP data is extremely important to an economy as it has an impact on the value o a

    countrys currency.

    Hus Sas

    This report looks at the number o newly constructed residential buildings.

    Construction data usually has an impact on a variety o statistics that contribute to thewhole economy.

    Hus vaas (US)This calculates the number o vacant, single- and multi-amily housing units on the

    market. This number is broken down by region, state and metropolitan area. Traders

    are interested as it has an impact on a variety o statistics that contribute to the whole

    economy.

    idusal PduThis measures the production levels o the largest industries (manuacturing, mining

    and energy supply) in a country or region. For traders, this provides an indication

    o industry activity and GDP. Industrial Production is also used by governments and

    central banks to set monetary policies, which also interests traders.

    ifaThis measures the change in consumer prices compared to the previous years prices.

    Rising prices mean consumers need to spend more money to purchase basics, like

    ood, uel, housing, and clothing. This can have an exponential impact on products as

    price increases propagate through the economy.

    D-F

    G-J

    GloSSARYGFT EcoNomic cAlENdAR ALL eventS AccorDing to gMt

    http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/
  • 8/7/2019 SG_Economic-Calendar

    20/23

    visit gftasia.com

    Note: This calendar only provides general inormation and it is not meant to be a trading guide. Dates are subject to change. GFT cannot be held responsible

    or the eventual inaccuracies that might occur. Visit our website at gtasia.com. 2010 Global Futures & Forex, Ltd. All rights reserved.

    imp Ps

    This tracks the change in the prices o goods being imported into a country orregion. The value o goods being imported provides an idea o how much capital is

    owing out o a particular economy. This ultimately has an impact on other statistics

    and the oreign exchange rate o the country/regions currency.

    ial clams (U.S.)This reports the number o qualied people who applied or unemployment benets

    or the rst-time. An increase in initial claims orecasts complications in the labour

    market. As the level o employment is a direct indication o economic health, higher

    claims should hurt the U.S. dollar.

    iSM Mauau (U.S.)

    This rates the sentiments o manuacturing supply managers on employment,orders and other actors contributing to the general state o the industry. It is usually

    based on inormation they have collected rom their own organisations. Higher ISM

    Manuacturing gures reect improved economic growth and expectations, which

    can result in a higher U.S. dollar.

    iSM n-Mauau (U.S.)Like the ISM Manuacturing, this statistic rates the sentiments o non-manuacturing

    supply managers on employment, orders and other actors contributing to the

    general state o the industry. Higher ISM Non-Manuacturing gures reect improved

    economic growth and expectations, which can result in a higher U.S. dollar.

    iveY PMi (cAD)This measures the sentiments o individual purchasing managers on their

    organisations activity in purchasing, prices, deliveries, inventory and employment.

    Traders use this survey to gauge the willingness o organisations to spend money

    and their condence in the direction o the Canadian economy.

    JoLtS (Jb ops ad Lab tu Suy) (U.S.)

    This report measures the demand or labour. JOLTS looks at the number o job

    openings and creates a snapshot o the U.S. labour market. Most traders are

    interested in this as employment can have an impact on other reports.

    Lad idas

    This orecasts the direction o a country or regions economy by creating a compositeo economic indicators that represent major GDP components. For traders, the

    Leading Indicators provides a quick overview o economic conditions. Most traders

    are interested in the diference between the reported numbers and those rom the

    previous month.

    Lh vhl Sals

    This calculates the number and value o cars and light trucks (GVW Classes 1-3,

    under 14,001 lbs.).Traders are interested in this report as motor vehicle sales have an

    impact on retail sales. This is also used to measure the rate o consumer spending and

    ultimately calculate GDP.

    MusThis release lists key points made during the central bank meeting o a country or

    region. Traders are interested in this report as the minutes may provide an indication o

    upcoming policy decisions.

    nw Hm SalsThis totals the number, sales rate and median prices o newly constructed residential

    homes sold in the last month. Weaker home sales indicate strain in the housing market,

    which can be bearish or a currency.

    nAHB (naal Assa Hm Bulds) Suy

    (U.S.)This compiles the sentiments o NAHB members on the state o the housing market

    and the construction industry in the U.S. Traders are interested in this as it provides

    insight into other reports, such as consumer spending.

    nFiB (naal Fda idpd Busss) Suy(U.S.)This surveys small business owners on the current state o the economy and their

    uture expectations. Traders are interested in this as it provides insight into reports

    such as productivity and employment.

    L-N

    GloSSARYGFT EcoNomic cAlENdAR ALL eventS AccorDing to gMt

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  • 8/7/2019 SG_Economic-Calendar

    21/23

    visit gftasia.com

    Note: This calendar only provides general inormation and it is not meant to be a trading guide. Dates are subject to change. GFT cannot be held responsible

    or the eventual inaccuracies that might occur. Visit our website at gtasia.com. 2010 Global Futures & Forex, Ltd. All rights reserved.

    n-Fam Paylls

    This release compares the output to the number o hours input by workers (outsideo the arming industry). Stronger employment is positive or any economy and its

    currency.

    Psal im

    This release reports the change in the total value o wages, salaries and other

    income that consumers receive. Weaker income could hurt consumer spending,

    which in turn, has an impact on a countrys income.

    PMi MauauThis survey rates the sentiments o manuacturing executives on the state o the

    industry in a particular country or region. Improved levels o manuacturing should

    boost a nations currency.

    PMi SsThis survey rates the sentiments o service-industry executives on current

    economic conditions in a particular country or region. As the service industry

    comprises a large portion o most economies, improved levels o service sector

    activity should boost the nations currency.

    Pdu P idx

    This reports the change in the cost o materials, uels and electricity and other

    items that go into the production o goods. Producer prices are a measure o

    ination; stronger ination pressures are bullish while weaker pressures are

    bearish.

    Pduy ad css

    This reports the rate o non-arm, business sector labour productivity and how much it

    cost. Traders use this report to gauge ination. Positive productivity numbers bode well

    or an economy as corporations are able to produce more without raising employee

    wages creating consumer price consistency. Analysts consider the economy to be

    expanding when labour productivity numbers increase.

    ra Ds

    This release reports the decision o a country or regions central bank to change ormaintain the interest rate. This is usually one o the most market moving events or

    a currency. Rate hikes tend to be positive or a currency while rate cuts tend to be

    negative.

    ral Sals

    This compiles sales gures rom the retail industry in a particular country or region. As

    a primary input to GDP, stronger consumer spending is positive or a currency while

    weaker spending is negative.

    S&P/cas-Shll Hus P idx (U.S.)

    This reports the change in the resale value o residential buildings in select U.S. cities.

    Lower prices reect weaker demand, which can be bearish or the dollar.

    tic (tasu iaal capal Sysm) DaaThis report collects data rom banks and other nancial organisations on capital

    ows in and out o the U.S. This inormation is used in calculating the U.S. Balance

    o Payment accounts.

    tad BalaThis compares the number o goods and services imported to the number exported

    rom a particular country or region. A stronger trade surplus is usually positive or a

    currency while a larger trade decit is negative.

    U. Mha cdThis surveys consumers on the state o the economy and compiles the results. The

    Survey o Consumers at the University o Michigan notes, Economic optimism

    promotes consumer condence and a willingness to make large expenditures and

    debt commitments, while economic uncertainty breeds pessimism and a desire to

    curtail expenditures and rebuild nancial reserves.

    P-S

    T-Z

    GloSSARYGFT EcoNomic cAlENdAR ALL eventS AccorDing to gMt

    http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/http://www.gftasia.com/
  • 8/7/2019 SG_Economic-Calendar

    22/23

    visit gftasia.com

    Note: This calendar only provides general inormation and it is not meant to be a trading guide. Dates are subject to change. GFT cannot be held responsible

    or the eventual inaccuracies that might occur. Visit our website at gtasia.com. 2010 Global Futures & Forex, Ltd. All rights reserved.

    Umplym

    This reports statistics related to the number o people in a country or regionlooking or work, and/or ling or assistance. See Employment.

    Whlsal tadThis analyses the perormance o the wholesale trade sector based on the changes

    in the prices o the products. Consistent changes in wholesale numbers eventually

    have an impact on consumer prices; this afects a number o reports, such as retail

    sales and consumer spending.

    GloSSARYGFT EcoNomic cAlENdAR ALL eventS AccorDing to gMt

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  • 8/7/2019 SG_Economic-Calendar

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