GLOBAL ECONOMIIC CALENDAR (SEPTEMBER)

1 U.S.: August ISM manufacturing report
Germany: July employment report

2 Australia: Q2 GDP

3 France: Q2 employment report
ECB: Governing council interest-rate announcement

4 U.S.: August employment report
Canada: August employment report
LTD: September currency options; September U.S. dollar index options (ICE)

7 Labor Day holiday (U.S.)

8 Brazil: August PPI

9 U.S.: Fed beige book
Germany: August CPI
Mexico: Aug. 31 CPI; August PPI

10 U.S.: July trade balance
Australia: August employment report
Brazil: August CPI
Canada: Bank of Canada interest-rate announcement
Japan: August PPI
UK: Bank of England interest-rate announcement

11 Brazil: Q2 GDP
UK: August PPI

14 Hong Kong: Q2 PPI
LTD: September currency futures; September U.S. dollar index futures (ICE)

15 U.S.: August PPI and retail sales
France: August CPI
UK: August CPI

16 U.S.: August CPI
UK: July employment report
FDD: September currency futures; September U.S. dollar futures (ICE)

17 U.S.: August housing starts
Canada: August CPI
Hong Kong: June-August employment report
Japan: Bank of Japan interest-rate announcement

18 Germany: August PPI

21 U.S.: August leading indicators

22 U.S.: August durable goods; FOMC interest-rate announcement
Hong Kong: August CPI
Mexico: August employment report
S. Africa: August CPI

23 S. Africa: August PPI

24 Brazil: August employment report
Mexico: Sept. 15 CPI

29 Japan: August CPI
S. Africa: Q2 employment report
UK: Q2 GDP

30 Canada: August PPI
France: July and August PPI
Germany: August employment report

Calendar of main economic events of Monday, 15.06.09

Time (GMT +3)
Currency
Name of indicator
Forecast / Previous value
na - not available
11:15
CHF
PPI m / m
Producer Price Index
0.1% / -0.2%
13:00
EUR
Employment Change q / q
Changes in employment
-0.8% / -0.4%
15:00
EUR
Buba President Weber Speaks
Address by Bundesbank A. Weber
16:30
CAD
Manufacturing Sales m / m
Sales in the manufacturing industry
-1.5% / -3.1%
16:30
CAD
New Motor Vehicle Sales m / m
Sales of new cars
0.1% / 5.5%
16:30
USD
Empire State Manufacturing Index
The index of business activity in the industrial sector
-4.7 / -4.6
16:45
USD
FOMC Member Tarullo Speaks
Members of the Federal Commission for open markets Tarullo
17:00
USD
TIC Long-Term Purchases
Inflows of foreign capital according to the Treasury
58.1B / 55.4B
17:30
USD
FOMC Member Evans Speaks
Members of the Federal Commission for open markets, Evans
18:00
USD
Treasury Sec Geithner Speaks
Address by Chief Accountant U.S. Geytnera T.
21:00
USD
NAHB Housing Market Index
The index of the housing market according to the National Association of Builders
17 / 16

Calendar of main economic events of Friday, 29.05.09

Time (GMT +3)
Currency
Name of indicator
Forecast / Previous value
na - not available

03:01
GBP
GfK Consumer Confidence
The index of consumer confidence
-25 / -27
03:15
JPY
Manufacturing PMI
The index of business activity in the industrial sector
na / 41.4
03:30
JPY
Household Spending y / y
Household Expenditure
-0.7% / -0.4%
03:30
JPY
Tokyo Core CPI y / y
The core consumer price index in Tokyo
-0.6% / 0.0%
03:30
JPY
National Core CPI y / y
Consumer price index
-0.1% / -0.1%
03:30
JPY
Unemployment Rate
Unemployment rate
5.0% / 4.8%
03:50
JPY
Prelim Industrial Production m / m
Industrial production
3.3% / 1.6%
05:30
AUD
Private Sector Credit m / m
The volume of private lending
0.2% / 0.1%
09:00
JPY
Housing Starts y / y
Start of construction
-21.8% / -20.7%
10:00
EUR
German Retail Sales m / m
Retail sales
0.5% / -0.4%
12:00
EUR
M3 Money Supply y / y
Monetary aggregate M3
4.6% / 5.1%
12:00
EUR
Private Loans y / y
Private lending
2.9% / 3.2%
13:00
EUR
CPI Flash Estimate y / y
Consumer price index
0.2% / 0.6%
13:00
EUR
Italian Prelim CPI m / m
Consumer price index
0.3% / 0.2%
13:15
EUR
ECB President Trichet Speaks
Speech by Chairman of the ECB JC Trichet
13:30
CHF
KOF Economic Barometer
From the KOF Economic Barometer
-1.82 / -1.86
16:30
CAD
Current Account
Balance of payments
-10.5B /-7.5B
16:30
USD
Prelim GDP q / q
GDP growth
-5.5% / -6.1%
16:30
USD
Prelim GDP Price Index q / q
GDP deflator
2.9% / 2.9%
17:45
USD
Chicago PMI
The index of business activity in the manufacturing sector
42.3 / 40.1
17:55
USD
Revised UoM Consumer Sentiment
The index of consumer sentiment
68.0 / 67.9
17:55
USD
Revised UoM Inflation Expectations
The index of inflation expectations
na / 2.6%

Calendar of main economic events of Thursday, 21.05.09

Time (GMT +3)
Currency
Name of indicator
Forecast / Previous value
na - not available

03:50
JPY
Tertiary Industry Activity m / m
The index of business activity in the services sector
-1.5% / -0.8%
05:00
AUD
MI Inflation Expectations
Inflationary expectations
na / 2.4%
05:30
AUD
New Motor Vehicle Sales m / m
Sales of new cars
na / -3.2%
05:30
AUD
RBA Monthly Bulletin
Monthly Bulletin of the Reserve Bank of Australia
11:00
EUR
French Flash Manufacturing PMI
The index of business activity in the manufacturing sector
40.9 / 40.1
11:00
EUR
French Flash Services PMI
The index of business activity in the services sector
46.7 / 46.5
11:30
EUR
German Flash Manufacturing PMI
The index of business activity in the manufacturing sector
37.0 / 35.4
11:30
EUR
German Flash Services PMI
The index of business activity in the services sector
44.3 / 43.8
12:00
EUR
Flash Manufacturing PMI
The index of business activity in the manufacturing sector
38.4 / 36.8
12:00
EUR
Flash Services PMI
The index of business activity in the services sector
44.6 / 43.8
12:30
GBP
Retail Sales m / m
Retail sales
0.5% / 0.3%
12:30
GBP
Prelim Business Investment q / q
Preliminary data on capital investments
-4.0% / -1.5%
12:30
GBP
Public Sector Net Borrowing
Net borrowings of the state. sector
7.4B / 19.1B
12:30
GBP
Prelim M4 Money Supply m / m
Preliminary data on the monetary aggregate M4
0.5% / 0.2%
16:30
CAD
Foreign Securities Purchases
Purchase of securities by foreign investors
4.12B / 6.11B
16:30
CAD
Wholesale Sales m / m
Wholesale sales
-0.8% / -0.6%
16:30
USD
Unemployment Claims
Number of applications for unemployment benefits
630K / 637K
18:00
USD
Philly Fed Manufacturing Index
The index of business activity FRB Philadelphia
-19.2 / -24.4
18:00
USD
Treasury Sec Geithner Speaks
18:00
USD
CB Leading Index m / m
The index of leading indicators
0.7% / -0.3%
18:30
CAD
BOC Review
Report of the Bank of Canada
18:30
USD
Natural Gas Storage
Natural gas reserves
95B / 95B

Calendar of main economic events, Tuesday 12.05.09

Time (GMT +3)
Currency
Name of indicator
Forecast / Previous value
na - not available

03:01
GBP
BRC Retail Sales Monitor y / y
Monitor retail sales
na / -1.2%
03:01
GBP
RICS House Price Balance
The balance of the price of the house
-70.2% / -73.1%
03:30
USD
Fed Chairman Bernanke Speaks
Speech by Fed Chairman Ben Bernanke
05:30
AUD
Home Loans m / m
Credits for housing
4.5% / 0.4%
09:00
JPY
Leading Indicators
The index of leading indicators
77.1% / 75.0%
10:00
EUR
German Final CPI m / m
Consumer price index
0.0% / 0.0%
10:00
EUR
German WPI m / m
The index of wholesale prices
0.0% / -0.9%
10:45
EUR
French Gov Budget Balance
Budget balance France
na /-29.9B
12:30
GBP
Manufacturing Production m / m
Manufacturing
-0.8% / -0.9%
12:30
GBP
Trade Balance
Trade Balance
-7.2B /-7.3B
12:30
GBP
DCLG HPI y / y
The price index for houses
-12.5% / -12.3%
12:30
GBP
Industrial Production m / m
Industrial production
-0.7% / -1.0%
13:30
AUD
Annual Budget Release
Annual budget report
16:20
USD
FOMC Member Lockhart Speaks
Speech by Fed officials Lockhart
16:30
CAD
Trade Balance
Trade Balance
0.5B / 0.1B
16:30
USD
Trade Balance
Trade Balance
-29.2B /-26.0B
18:00
USD
IBD / TIPP Economic Optimism
The index of economic optimism
49.7 / 49.1
22:00
USD
Federal Budget Balance
Federal budget balance
-60.5B /-192.3B

Calendar of main economic events, Tuesday 05.05.09

Time (GMT +3)
Currency
Name of indicator
Forecast / Previous value
na - not available

03:30
AUD
AIG Services Index
The index of business activity in the services sector of AIG
39.8 / 35.5
05:30
AUD
Building Approvals m / m
Approved the application for construction
3.5% 2.6% 8.0%
08:30
AUD
Cash Rate
Decision on interest rate
3.00% / 3.00%
08:30
AUD
RBA Rate Statement
Report of the Reserve Bank of Australia
09:45
CHF
SECO Consumer Climate
The index of consumer sentiment from SECO
-26 / -23
12:30
GBP
Construction PMI
The index of business activity in the construction sector 3
1.9 / 30.9
13:00
EUR
PPI m / m
The index of manufacturing prices
-0.5% / -0.4%
18:00
USD
Fed Chairman Bernanke Testifies
Speech by Fed Chairman Bernanke B.
18:00
USD
ISM Non-Manufacturing PMI
The index of business activity in the services sector
42.5 / 40.8

Calendar of main economic events, Tuesday 28.04.09

Time (GMT +3)
Currency
Name of indicator
Forecast / Previous value
na - not available

03:50
JPY
Retail Sales y / y
Retail sales
-4.8% / -5.7%
10:00
CHF
UBS Consumption Indicator
Indicator potrebtelskoy activity
na / 0.89
--:--
EUR
German Prelim CPI m / m
A preliminary index of consumer prices
0.1% / -0.1%
12:00
EUR
Italian Retail Sales m / m
Retail sales in Italy
-0.1% / 0.3%
14:00
GBP
CBI Realized Sales
Retail and wholesale
-40 / -44
17:00
USD
S & P / CS Composite-20 HPI y / y
The price index for houses
-18.9% / -19.0%
18:00
USD
CB Consumer Confidence
The index of consumer confidence
29.6 / 26.0
18:00
USD
Richmond Manufacturing Index
The production index Richmond
-18 / -20

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Calendar of main economic events of Monday, 27.04.09

Time (GMT +3)
Currency
Name of indicator
Forecast / Previous value
na - not available

10:00
EUR
GfK German Consumer Climate
The index of consumer sentiment from Gfc
2.3 / 2.5
10:00
EUR
German Import Prices m / m
The price index for imports
-0.2% / -0.1%
12:30
GBP
BBA Mortgage Approvals
Number of approved applications for mortgage loans
29.2K / 28.0K
20:45
EUR
ECB President Trichet Speaks
ECB President JC Trichet

Calendar of main economic events of Friday, 24.04.09

Time (GMT +3)
Currency
Name of indicator
Forecast / Previous value
na - not available
03:50
JPY
All Industries Activity m / m
The index of business activity in industry
-2.1% / -1.7%
03:50
JPY
CSPI y / y
The price index for corporate services
-2.6% / -2.6%
10:45
EUR
French Consumer Spending m / m
Consumer expenditures
0.1% / -2.0%
12:00
EUR
German Ifo Business Climate
The index of sentiment among the business community
82.4 / 82.1
12:30
GBP Prelim GDP q / q
Preliminary GDP growth
-1.5% / -1.6%
12:30
GBP
Retail Sales m / m
Retail sales
-0.3% / -1.9%
12:30
GBP
Index of Services 3m/3m
Index of services
-1.2% / -1.3%
16:30
USD
Core Durable Goods Orders m / m
The core index of orders for durable goods
-1.1% / 3.7%
16:30
USD
Durable Goods Orders m / m
Orders for durable goods
-1.4% / 3.5%
18:00
USD
New Home Sales
Sales of new homes
340K / 337K
--:--
ALL
G7 Meetings

Calendar of main economic events of Thursday, 23.04.09

Time (GMT +3)
Currency
Name of indicator
Forecast / Previous value
na - not available

05:30
AUD
New Motor Vehicle Sales m / m
Sales of new cars
na / -3.5%
08:00
JPY
BOJ Gov Shirakawa Speaks
Heads of the Bank of Japan Statement Shirakava
10:15
CHF
Trade Balance
Trade balance
0.62B / 0.72B
11:00
EUR
French Flash Manufacturing PMI
The index of business activity in the manufacturing sector
37.0 / 36.5
11:00
EUR
French Flash Services PMI
The index of business activity in the services sector
43.8 / 43.6
11:30
EUR
German Flash Manufacturing PMI
The index of business activity in the manufacturing sector
33.2 / 32.4
11:30
EUR
German Flash Services PMI
The index of business activity in the services sector
42.6 / 42.3
12:00
EUR
Current Account
Balance of payments
-10.6B /-12.7B
12:00
EUR
Flash Manufacturing PMI
The index of business activity in the manufacturing sector
34.7 / 33.9
12:00
EUR
Flash Services PMI
The index of business activity in the services sector
41.2 / 40.9
13:00
CHF
Gov Board Member Hildebrand Speaks
Members of the Bank of Switzerland Hildebrand
13:00
CHF
ZEW Economic Expectations
The index of economic expectations ZEW
na / -57.1
13:00
EUR
Industrial New Orders m / m
Industrial orders
-2.4% / -3.4%
14:00
GBP
CBI Industrial Order Expectations
The index of expected industrial orders
-54 / -58
16:30
CAD
Core Retail Sales m / m
The core index of retail sales
0.2% / 1.3%
16:30
CAD
Retail Sales m / m
Retail sales
-0.2% / 1.9%
16:30
USD
Unemployment Claims
Number of applications for unemployment benefits
635K / 610K
18:00
USD
Existing Home Sales
Sales in the secondary housing market
4.68M / 4.72M
18:30
CAD
BOC Monetary Policy Report
Quarterly Report on Bank of Canada monetary policy
18:30
USD
Natural Gas Storage
Natural gas reserves
40B / 21B
19:15
CAD
BOC Gov Carney Speaks
Speech by the Bank of Canada Heads of Karni

Calendar of main economic events, Wednesday 22.04.09

Time (GMT +3)
Currency
Name of indicator
Forecast / Previous value
na - not available

02:50
JPY
Trade Balance
Trade balance
-0.25T /-0.04T
04:30
AUD
CPI q / q
Consumer price index
0.5% / -0.3%
04:30
AUD
Trimmed Mean CPI q / q
Average consumer price index
0.7% / 0.6%
11:30
GBP
Claimant Count Change
Changing the number of applications for employment of unemployed
117.0K / 138.4K
11:30
GBP
MPC Meeting Minutes
Minutes of meetings of the Bank of England
0-0-9 / 0-9-0
11:30
GBP
Average Earnings Index 3m / y
Average salary
1.5% / 1.8%
11:30
GBP
Public Sector Net Borrowing
Net public sector borrowing
15.6B / 9.0B
11:30
GBP
Prelim M4 Money Supply m / m
Monetary aggregate M4
1.2% / 1.4%
11:30
GBP
Unemployment Rate
Unemployment rate
6.7% / 6.5%
14:30
GBP
Annual Budget Release
Publication of details of the annual budget
15:30
CAD
Leading Index m / m
The index of leading indicators
-0.7% / -1.1%
17:00
USD
HPI m / m
The price index for houses
-0.7% / 1.7%
17:30
USD
Crude Oil Inventories
Oil and oil products
na / 5.6M

indicators for the world economy on April 13

On Monday, April 13, is expected to publish the following macroeconomic indicators:

United Kingdom

03:01 AM EDT: RICS UK Housing Market Survey for March

The euro, United States

n / a: Easter Monday

Announcement of publication of key macroeconomic indicators for the world economy on April 13

On Monday, April 13, is expected to publish the following macroeconomic indicators:

United Kingdom

03:01 AM EDT: RICS UK Housing Market Survey for March

The euro, United States

n / a: Easter Monday

Announcement of publication of key macroeconomic indicators for the world economy on April 10

On Friday, April 10, is expected to publish the following macroeconomic indicators:

Japan

02:50 AM EDT: Money Supply M2 + CD for March

France

10:45 AM EDT: CPI for March

10:50 AM EDT: Industrial Production for February

United States

22:00 AM EDT: Monthly Budget Statement for March

____________________________

prel - preliminary data, final - final data

By agency Reuters, Dow Jones & Company, Bloomberg, and official statistical agencies

Announcement of publication of key macroeconomic indicators for the world economy on 09 April

On Thursday, 09 April, is expected to publish the following macroeconomic indicators:

Japan

02:50 AM EDT: Core Machinery Orders for February

Switzerland

09:45 AM EDT: Unemployment Rate for March

United Kingdom

12:30 AM EDT: PPI for March

12:30 AM EDT: Visible Trade Balance for February

15:00 AM EDT: Bank of England Rate Decision

Germany

10:00 AM EDT: CPI for March

14:00 AM EDT: Industrial Production for February

Italy

12:00 AM EDT: Industrial Production for February

The euro

12:00 AM EDT: ECB Monthly Report for April

Canada

15:00 AM EDT: Unemployment Rate for March

16:30 PM IST: International Mechandise Trade for February

16:30 PM EDT: New Housing Price Index for February

United States

16:30 PM IST: Initial Jobless Claims on 04th April

16:30 AM EDT: Trade Balance for February

16:30 AM EDT: Import Price Index for March

Announcement of publication of key macroeconomic indicators for the world economy on 08 April

On Wednesday, 08 April, is expected to publish the following macroeconomic indicators:

Japan

02:50 AM EDT: Current Account Total for February

02:50 AM EDT: Trade Balance - BOP Basis for February

08:00 AM EDT: Bank of Japan Monthy Report

08:00 AM EDT: Eco Watchers Survey for March

United Kingdom

03:01 AM EDT: Nationwide Consumer Confidence March

03:01 AM EDT: NIESR GDP Estimate for March

13:30 AM EDT: BRC March Shop Price Index for April

Germany

10:00 AM EDT: Trade balance for February

10:00 AM EDT: Current Account for February

14:00 AM EDT: Factory Orders for February

France

10:45 AM EDT: Trade balance for February

Canada

16:15 AM EDT: Housing Starts in March

United States

15:00 Moscow Time: MBA Mortgage Applications on 03 th April

18:00 AM EDT: Wholesale Inventories for February

18:30 AM EDT: EIA Crude Oil Stocks at 03-April

22:00 AM EDT: Minutes of FOMC Meeting

_____________________________

prel - preliminary data, final - final data

By agency Reuters, Dow Jones & Company, Bloomberg, and official statistical agencies

Hours Market

The operation of currency markets does not stop even for a minute. His work in calendar days, they begin in the Far East, New Zealand (Wellington), passing successively time zones - in Sydney, Tokyo, Hong Kong, Singapore, Moscow, Frankfurt, London, and finishing the day in New York and Los Angeles.

Counting time zones is of the Prime Meridian, which passes through Greenwich (London suburb), and time is called the world or GMT - Greenwich Meridian Time. Depending on the season (summer or winter) in various financial centers around the world will be different from the world's time GMT on the number of hours in the table
The working day in exchange dealers western commercial banks usually starts at 7.30 am local time. At 8.00 dealers have been actively entered into the transaction. The morning half-hour is usually devoted to a brief analysis of the events that have occurred in world currency markets at the time of commencement of work. Retailers enjoyed the economic and technical analysis of the market, read analytical articles in the media, exchange of views, as well as fresh rumors with each other and with dealers of other commercial banks. On the basis of various data gradually emerging picture of the possible conduct of the exchange rate for the next day with different versions of the probability of certain events.

By eight o'clock in the morning market, consisting of individual dealers, develop tactics and behavior in general is beginning to be included in the operation of global foreign exchange market, giving a new impetus to a robust exchange rate movements.

Various territorial markets can provide the following characteristics typical of the average activity during the day.
Far East

Here, the most active transaction market conversion transactions dollar to the Japanese yen, the dollar and the deutsche mark, yen and marks to the dollar and the Australian dollar. Fluctuations in exchange rates at this time is often negligible, but there are days when currencies, especially the dollar against the yen, commit dizzying flights. Especially when the central bank of Japan conducts monetary intervention. In Moscow at this time of night and day: before noon in Moscow, you can work with Tokyo, before lunch with Singapore.
Western Europe

In 1 0.00 Moscow time to open the market in the European finanasovyh centers Zurich, Frankfurt, Paris and Luxembourg. However, this strong dollar exchange rate movement of major currencies since the beginning 11 .00 Moscow time, when the London market opens. This continues, usually for two to three hours, after which, dealers of European banks go to dinner - lunch, a slightly reduced market activity

North America

The situation is enlivened again with the opening of the market in New York 1 6.00 Moscow time, when the morning work dealers of American banks, and returned to lunch with European dealers. Force of European and American banks about equal, so the fluctuations in the average, do not go beyond the usual European fluctuations. Nevertheless, foreign exchange dealers are eagerly awaiting the opening of nyuyorkskogo market to get fresh data on the possible movement of the course (especially if the European market has been sluggish).

However, after the closure of the European market (about 1 9-20 pm Moscow time), aggressive American banks, left alone to "thin" market, can lead to dramatic changes in the exchange value of the dollar against other currencies.



Approximately:

Japan 03:00-09:30

Continental Europe 09:30-1 6:00

UK 11 :30-1 8:30

USA 1 7:30-00:30

Economic Calendar

Forex Global Market Trading Hours

The main timing characteristics of the Forex market are the following:

* Forex is 24 hour market It starts from Sunday 5pm EST through Friday 4pm EST. Rollover at 5pm EST

* Forex Trading begins in New Zealand, followed by Australia, Asia, the Middle East, Europe, and America

* The US & UK account for more than 50% of the market transactions

* Forex Major markets: London, New York, Tokyo

* Nearly two-thirds of NY activity occurs in the morning hours while European markets are open

* Forex Trading activity is heaviest when major markets overlap.

From this timing facts, it is quite visible that at any given time, somebody somewhere in the world is buying and selling currencies. As one market closes, another market opens. Business hours overlap, and the exchange continues as day becomes night and night becomes day.

Forex market volume of transactions remains high during the whole day, but peaks highest when the Asian market(including Australia & New Zealand), the European market and the U.S. market are open simultaneously. And these are the trading hours you must target in order to find the most dynamic movements in price.

This is the breakdown of OPEN Market Times for your reference:

* New York Market trade times: 8am-4pm EST
* London Market trade times: 2am-12Noon EST
* Great Britain Market trade times: 3am-11am EST
* Tokyo Market trade times: 8pm-4am EST
* Australia Market trade times: 7pm-3am EST