forex economic calendar

Low impact. ISM (the Institute for Supply Management) is providing Non-Manufacturing ISM Report On Business. Official name: ISM Non-Manufacturing Prices Index. Index measures the monthly inflation experienced by service based organizations when purchasing materials and services. websource: http://www.ism.ws/About/MediaRoom/newsreleaselist.cfm?navItemNumber=5450

Low/medium impact (usually medium one). Official name: ISM Non-Manufacturing Business Activity Index. A rising trend (above 50) has a positive effect on the nation's currency. This index is based on a survey of about 370 purchasing executives in industries offinance, insurance, real estate, communications, and utilities. It reports business activity in the service sector. websource: http://www.ism.ws/About/MediaRoom/newsreleaselist.cfm?navItemNumber=5450

monthly. low/medium impact (usually low one). There are monthly and yearly values. An indicator of how the average level of pay is changing. The Average Hourly Earnings figure provides insight into future spending and inflation. A High Average Hourly Earnings bodes well for future consumption, as workers have more disposable income. High figures may indicate inflationary pressures due to employee's additional potential to spend. More valuable is monthly one. Websource: http://www.bls.gov/news.release/empsit.nr0.htm

General indicator. Monthly. Usually medium/high impact. The percentage of the people classified as unemployed as compared to the total labor force. A falling trend has a positive effect on the nation's currency. In US: monthly, together with Nonfarm payrolls. from medium to high impact (usually medium). websource: http://www.bls.gov/news.release/empsit.nr0.htm and http://www.bls.gov/news.release/empsit.toc.htm

Monthly. Low/medium impact. websource: http://www.bls.gov/news.release/empsit.nr0.htm

Monthly. High impact. Published together with Unemployment Rate (general indicator). Measures the number of new jobs created in the previous month, excluding the farming industry (Nonfarm employment value as change of previous month - month before previous). Measures the change in number of workers in an estimated month and measures the number of jobs in more than 500 industries(ex-farming) in all states and 255 metropolitan areas. The employment estimates are based on a survey of larger businesses and counts the number of paid employees working part-time or fulltime in the nation's business and government establishments. It is important to compare this figure to a monthly moving average (6 or 9 months) to capture a true perspective of the trend in labor market strength. Equally important are the frequent revisions for the prior months, which are often significant. Websource: http://www.bls.gov/news.release/empsit.nr0.htm

General indicator. Monthly. Retail Sales is an estimate of the total sales of goods. Value is estimated as percentage change of estimated month to previous month (monthly Retail Sales), or percentage change of estimated month year to the month in previous year (yearly Retail Sales). There are Retail Sales (All retail trade groups) and Retail Sales excl. autos (Total excluding new, used and recreational motor vehicle and parts dealers). Retail Sales excl. autos monthly may have high impact, others - medium impact. In EUR: Monthly. Official name: Retail Trade, except of motor vehicles and motorcycles; Low/medium impact. Websource: http://ec.europa.eu/comm/eurostat

General indicator. Monthly. Low impact. The headline figure is reported an in index where 50 reflects the centerline of boom-bust sentiment. A larger divergence from 50 indicates a larger rate of change in business conditions. In GBP: Official name: CIPS / RBS PMI Report on Services. The survey queries executives in transport and communications, financial intermediation, business services, personal services, computing and IT, hotels and restaurants. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. Services PMI figures typically do not move markets. Websource: http://www.cips.org/ and http://www.ntc-research.com/PressCenter/ReleaseDates.asp

General indicator. Monthly. Low impact. The headline figure is reported an in index where 50 reflects the centerline of boom-bust sentiment. A larger divergence from 50 indicates a larger rate of change in business conditions. in EUR: Official name: Services Purchasing Managers Index. It assesses business conditions in the services sector. The figure is determined based on monthly surveys of executives in Germany , France , Ireland , Italy and Spain. Higher Service PMI levels suggest upward future trends in output and employment of the industry. Websource: http://www.ntc-research.com/PressCenter/ReleaseDates.asp

German PMI Services. monthly; low impact.The Services PMI interviews German executives on the status of sales, employment, and their outlook. Because the performance of the German service sector is extremely consistent over time, services does not impact final GDP figures as much as the more volatile figure on the manufacturing sector. For this reason Services PMI usually causes little market movement. Websource: http://www.ntc-research.com/PressCenter/ReleaseDates.asp

Monthly. Low/medium impact. There are monthly and yearly value. Official name: Consumer Price Index. It is the key gauge for inflation in Switzerland. The figure is compared to those of the previous month as well as the previous year. Websource: http://www.bfs.admin.ch/bfs/portal/en/index/themen/systemes_d_indicateurs/economic_and_financial/data.html#57

JPY indicator. quarterly; low impact. The other name: Investment in Plant and Equipment. The investment in new capital by Japanese corporations. Capital spending serves as an important indicator of growth, and plays large part in GDP. As capital spending increases it also suggests optimism in the economy. B usinesses and consumers o verall are apt to purchase expensive capital only when they foresee an expansion that would rationalize the expenditure. This is therefore one of the earliest signals of significant corporate escalation that can lead to real growth in the Japanese economy. Websource: http://www.mof.go.jp/english/e1c002.htm (Under "Summary Materials" open the most recent report and look under "Investment in Plant and Equipment." 'Total' includes two numbers, the top Capital Spending including Software, the bottom simply Capital Spending)

AUD indicator, monthly; Low impact. Tracks monthly developments in the Australian services sector, condensing data into an overall boom or bust index. The composite index is based on the surveys for sales, new orders, employment, inventories and deliveries, compiled by American International Group. The AIG Performance of Service Index excludes industrial manufacturing sectors that tend to be volatile and seasonal, giving a clean picture of Australia's service sector that accounts for a majority of Aussie GDP. The headline number uses a 50 baseline, where above 50 signifies growth, while a number below 50 shows a contraction in the services sector. Websource: http://www.aigroup.asn.au/scripts/cgiip.exe/WService=aigroup/ccms.r?PageId=808

US indicators. Two indicators: EIA Crude Oil Stocks and EIA Nat Gas Stocks coming in different time/day weekly. Weekly. Multiple-valued impact (from low to medium). EIA is U.S. Energy Information Administration. Website: http://www.eia.doe.gov/oil_gas/natural_gas/info_glance/natural_gas.html

USD indicator. monthly; low impact. actory Orders does provide a comprehensive look at the manufacturing sector. Specifically, the New Orders figure can act as a gauge of demand across industries while Shipments are indicative of supply. Factory Orders is not a widely watched economic release. Websource: www.census.gov/indicator/www/m3/prel/index.htm

USD indicator. monthly; low impact. The Pending Home Sales report is an advanced read on trends in the US housing market. Housing is typically correlated to the overall state of the economy; particularly indicative of economic turning points. websource: http://www.realtor.org/Research.nsf/Pages/PHSdata and http://www.realtor.org/press_room/news_releases/index.html

USD indicator. quarterly; low impact. Non-farm Productivity. Measures the output produced for each hour of labor worked. Non-farm Productivity is considered the most accurate gauge of overall business health, given farming data's small and volatile contribution to GDP. To businesses, higher productivity indicates efficient use of employees and capital. Given that labor costs make up more than two-thirds of the average businesses expenses, high productivity can allow a firm to fulfill consumer demand with less labor costs, boosting profitability. Thus trends in this report can precede investment spending and business growth. websource: http://www.bls.gov/lpc/

USD indicator. quarterly; low impact. Unit Labor Costs. Measures changes in the actual dollar cost firms pay for employees to make a uniform output. Since labor costs make up such a sizeable portion of business' production costs, trends in this figure are significant to wage pressures. High or rising labor costs are often passed to consumers in higher final prices, causing inflation. As a result, rising Unit Labor Costs often act as an early indicator of inflation, making it the key indicator in the Productivity and Costs report. websource: http://www.bls.gov/lpc/

US indicator. Weekly. Low impact. Full name is seasonally adjusted Initial Claims. Unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smoothes out weekly volatility. Website: http://www.dol.gov/opa/media/press/eta/ui/current.htm

General indicator. In EUR: high impact. The European Central Bank's decision to increase, decrease, or maintain interest rates. Controlling interest rates is the key mechanism of monetary policy, and the ECB influences interest rates by first changing the "overnight rate" through the purchase or sale of government bonds. Lowering rates can spur economic growth but may incite inflationary pressures. On the other hand, increasing rates slows inflation but can stymie growth. Websource: http://www.ecb.int/press/pressconf/2007/html/index.en.html