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The global economic data and key economic events such as interest rate decisions will have a crucial impact on currency and interest rate markets. Do you know what to look for in the forthcoming releases and announcements. What are the risks on the report and what will it mean? Investica will provide all the analysis you need ahead of the key releases.

For complete and professional daily analysis of all the major currencies, please see Daily analysis for full details.

Economic calendar/analysis for the most important events on a rolling one-week basis

Date Time
(GMT)
Data release/event Previous Market consensus Rating Analysis

Monday May 12th 08.30 UK trade balance -7.5bn -7.4bn high Export levels to the US and Euro-zone will be watched closely in the data

Monday May 12th 08.30 UK producer prices (input) 1.8% 1.6% high Energy costs will put further upward pressure on input prices

Monday May 12th 08.30 UK producer prices (output) 0.9% 0.6% medium The core data will be watched closely by the Bank of England

Monday May 12th 23.01 UK RICS house prices index -78.5% -80.0% high Some stabilisation of the index is possible after the recent slump

Monday May 12th 23.01 UK BRC retail sales index -1.6% medium There may be some scope for a seasonal recovery in the index this month

Tuesday May 13th 08.30 UK consumer prices (year-on-year headline) 2.5% 2.6% high The PPI data released on Monday recorded a strong increase for the month

Tuesday May 13th 08.30 UK consumer prices (year-on-year core) 1.2% 1.3% high The core data will be watched closely by the Bank of England

Tuesday May 13th 12.30 US retail sales (headline) 0.2% -0.2% high The data is likely to be pushed higher by the jump in gasoline prices

Tuesday May 13th 12.30 US retail sales (core) 0.1% 0.2% high Any decline in core sales would trigger a negative reaction by the US currency

Wednesday May 14th 08.30 UK average earnings 3.7% 3.7% medium The bank will be on alert for any evidence of higher wage settlements

Wednesday May 14th 08.30 UK claimant count -1,200 100 high A further decline in unemployment would offer some reassurance on trends

Wednesday May 14th 09.30 UK Bank of England inflation report high The inflation projection will be very important for Sterling sentiment

Wednesday May 14th 12.30 US consumer prices (headline) 0.3% 0.3% high Energy prices will tend to put upward pressure on the headline number

Wednesday May 14th 12.30 US consumer prices (core) 0.2% 0.2% high A figure of 0.3% or higher would trigger further inflation fears within the Fed

Wednesday May 14th 23.50 Japan machinery orders (core) -12.7% -5.2% medium The machinery orders series is very volatile on a monthly view

Thursday May 15th 06.00 Germany GDP 0.3% 0.7% medium The Finance Ministry appeared optimistic over the Q1 figure

Thursday May 15th 09.00 Euro-zone CPI (rev) 3.6% 3.3% medium A figure below 3.3% would increase speculation over an ECB rate cut

Thursday May 15th 12.30 US New York manufacturing index 0.6 0.1 medium The sharp recovery in the index last month was a surprise

Thursday May 15th 12.30 US jobless claims 365,000 370,000 medium A figure below 360,000 would increase confidence in the economy

Thursday May 15th 13.00 US capital inflows (long term) 72.5bn 63.5bn high The data surrounded the worst of the credit crisis in March

Thursday May 15th 13.15 US industrial production 0.3% -0.3% medium Any monthly increase would underpin confidence in the economy

Thursday May 15th 14.00 US Philadelphia Fed index -24.9 -19.0 high A figure of -10 or better would boost confidence in the US economy and dollar

Thursday May 15th 17.00 US NAHB housing index 20 20 low Markets will be looking for a signal that a trough has been reached

Thursday May 15th 23.50 Japan GDP (Q1) 0.9% 0.6% medium Most Japanese data has been weak over the past month which will be negative

Friday May 15th 12.30 US housing starts 0.95mn 0.94mn high Any increase in starts would provide a significant dollar boost

Friday May 15th 12.30 US building permits 0.93mn 0.92mn high Permits are an important leading indicator for the housing sector

Friday May 15th 14.00 US Michigan consumer confidence 62.6 62.0 high Most confidence indicators have remained weak over the past month

Sunday May 16th 23.01 UK Rightmove house-price index -0.1% -0.5% medium The housing-sector indices have been very weak this month

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Disclaimer: Investica's market analysis is not investment advice and must not be taken as recommending particular market positions.

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Date	Time (GMT)	Data release/event	Previous	Market consensus	Rating	Analysis
Monday May 12th	08.30	UK trade balance	-7.5bn	-7.4bn	high	Export levels to the US and Euro-zone will be watched closely in the data
Monday May 12th	08.30	UK producer prices (input)	1.8%	1.6%	high	Energy costs will put further upward pressure on input prices
Monday May 12th	08.30	UK producer prices (output)	0.9%	0.6%	medium	The core data will be watched closely by the Bank of England
Monday May 12th	23.01	UK RICS house prices index	-78.5%	-80.0%	high	Some stabilisation of the index is possible after the recent slump
Monday May 12th	23.01	UK BRC retail sales index	-1.6%		medium	There may be some scope for a seasonal recovery in the index this month
Tuesday May 13th	08.30	UK consumer prices (year-on-year headline)	2.5%	2.6%	high	The PPI data released on Monday recorded a strong increase for the month
Tuesday May 13th	08.30	UK consumer prices (year-on-year core)	1.2%	1.3%	high	The core data will be watched closely by the Bank of England
Tuesday May 13th	12.30	US retail sales (headline)	0.2%	-0.2%	high	The data is likely to be pushed higher by the jump in gasoline prices
Tuesday May 13th	12.30	US retail sales (core)	0.1%	0.2%	high	Any decline in core sales would trigger a negative reaction by the US currency
Wednesday May 14th	08.30	UK average earnings	3.7%	3.7%	medium	The bank will be on alert for any evidence of higher wage settlements
Wednesday May 14th	08.30	UK claimant count	-1,200	100	high	A further decline in unemployment would offer some reassurance on trends
Wednesday May 14th	09.30	UK Bank of England inflation report			high	The inflation projection will be very important for Sterling sentiment
Wednesday May 14th	12.30	US consumer prices (headline)	0.3%	0.3%	high	Energy prices will tend to put upward pressure on the headline number
Wednesday May 14th	12.30	US consumer prices (core)	0.2%	0.2%	high	A figure of 0.3% or higher would trigger further inflation fears within the Fed
Wednesday May 14th	23.50	Japan machinery orders (core)	-12.7%	-5.2%	medium	The machinery orders series is very volatile on a monthly view
Thursday May 15th	06.00	Germany GDP	0.3%	0.7%	medium	The Finance Ministry appeared optimistic over the Q1 figure
Thursday May 15th	09.00	Euro-zone CPI (rev)	3.6%	3.3%	medium	A figure below 3.3% would increase speculation over an ECB rate cut
Thursday May 15th	12.30	US New York manufacturing index	0.6	0.1	medium	The sharp recovery in the index last month was a surprise
Thursday May 15th	12.30	US jobless claims	365,000	370,000	medium	A figure below 360,000 would increase confidence in the economy
Thursday May 15th	13.00	US capital inflows (long term)	72.5bn	63.5bn	high	The data surrounded the worst of the credit crisis in March
Thursday May 15th	13.15	US industrial production	0.3%	-0.3%	medium	Any monthly increase would underpin confidence in the economy
Thursday May 15th	14.00	US Philadelphia Fed index	-24.9	-19.0	high	A figure of -10 or better would boost confidence in the US economy and dollar
Thursday May 15th	17.00	US NAHB housing index	20	20	low	Markets will be looking for a signal that a trough has been reached
Thursday May 15th	23.50	Japan GDP (Q1)	0.9%	0.6%	medium	Most Japanese data has been weak over the past month which will be negative
Friday May 15th	12.30	US housing starts	0.95mn	0.94mn	high	Any increase in starts would provide a significant dollar boost
Friday May 15th	12.30	US building permits	0.93mn	0.92mn	high	Permits are an important leading indicator for the housing sector
Friday May 15th	14.00	US Michigan consumer confidence	62.6	62.0	high	Most confidence indicators have remained weak over the past month
Sunday May 16th	23.01	UK Rightmove house-price index	-0.1%	-0.5%	medium	The housing-sector indices have been very weak this month