TODAY ECONOMIC DATA FROM EURO ZONE AND UNITED STATES.......17 AUG 2012

ECONOMIC DATA FROM EURO ZONE ON 17 AUG 2012 :-

1. GERMAN PPI (MOM) - TIME :- 02:00 AM NEW YORK TIME

NOTE :- The German Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers.  A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

2. GERMAN PPI (YOY) - TIME :- 2:00 AM NEW YORK TIME

NOTE :-  The German Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers.  A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

3. CURRENT ACCOUNT - TIME :- 4:00 AM NEW YORK TIME

NOTE :- The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the exports the data can have a sizable affect on the EUR.  A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

4. TRADE BALANCE - TIME :- 5:00 AM NEW YORK TIME

NOTE :- The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.  A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

ECONOMIC DATA FROM UNITED STATES ON 17 AUG 2012 :-

1. MICHIGAN CONSUMER SENTIMENT P - TIME :- 9:55 AM NEW YORK TIME

NOTE :- The University of Michigan Consumer Sentiment Index rates the relative level of current and future economic conditions. There are two versions of this data released two weeks apart, preliminary and revised. The preliminary data tends to have a greater impact. The reading is compiled from a survey of around 500 consumers.  A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

2.  MICHIGAN INFLATION EXPECTATIONS - TIME :- 9:55 AM NEW YORK TIME

NOTE :- University of Michigan (UoM) Inflation Expectations measures the percentage that consumers expect the price of goods and services to change during the next 12 months. There are two versions of this data released two weeks apart,Preliminary and Revised. The preliminary release is the earliest so tends to have more impact.  A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

3. CB LEADING INDEX (MOM) - TIME :- 10:00 AM NEW YORK TIME

NOTE :- The Conference Board (CB) Leading Index is a composite index based on 10 economic indicators, that is designed to predict the future direction of the economy. The report tends to have a limited impact because most of the indicators used in the calculation are released previously.  A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.