Monday, August 23, 2010

Trading Week Outlook: August 23 - 27, 2010

With the Fed, the Bank of Japan and the European Central Bank recently deciding not to withdraw stimulus to their economies, next week’s crucial data from the U.S., Japan and the Euro-zone should help investors to determine whether the economic recovery is faltering.

In preparation for the new trading week, here is a list of the Top 10 spotlight economic events that every currency trader should pay attention to.

1. EUR- Euro-zone Manufacturing and Services PMI- Purchasing Managers Indexes, two leading indicators of economic conditions measuring the activity of purchasing managers in the manufacturing and services sectors, Mon., Aug. 23, 4:00 am, ET.

The preliminary flash estimate of the Euro-zone Composite PMI could reveal the early signs of a slowdown with the manufacturing index forecasted to pull back slightly to 56.4 from 56.7 and the services index remaining flat at 55.8.

2. USD- U.S. Existing Home Sales, the main gauge of the condition of the U.S. housing market measuring the number of closed sales of previously constructed homes, condominiums and co-ops, Tues., Aug. 24, 10:00 am, ET. (more)

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