Forex Calendar at Wed - 12 Dec 2007

Forex Calendar for Tomorrow Wed - 12 Dec 2007

Time(GMT):	Currency:	Event:	Forecast:	Previous:
9:30am	GBP	Average Earnings Index +Bonus q/y	4.2%	4.1%
H O T	The Average Earnings Index (AEI) measures the average wage, including bonuses, paid to employees. The indicator reading represents the change in the current quarter when compared to the same quarter in the previous year.
9:30am	GBP	Claimant Count Change	-5.0%	-9.9%
H O T	Measures the change in number of people claiming unemployment related benefits during the previous month. A falling trend has a positive effect on the nation's currency because working people tend to spend more money, and consumer spending makes up a large portion of GDP.
10.00am	EUR	Employment Change q/q		0.5%
H O T	Measures the change in number of employed people during the previous quarter. A rising trend has a positive effect on the nation's currency. Job creation is an important indicator of economic health because consumer spending, which is highly correlated with labor conditions, makes up a large portion of GDP.
1:30pm	USD	Trade Balance	-57.3B	-56.5B
H O T	Measures the difference in value between imported and exported goods and services. A positive Trade Balance indicates that more goods and services were exported than imported over a given period. A rising trend has a positive effect on the nation's currency. When higher levels of exports are sold to the world, demand for the nation's currency is elevated as foreigners convert their native currency to purchase the exports. The Trade Balance also has a sizable impact on GDP because high demand for exports creates increased employment and production, as domestic factories work to fill this demand.
1:30pm	USD	Import Price Index m/m	2.0%	1.8%
	Measures the monthly rate of inflation for imported goods.
1:30pm	CAD	Trade Balance	2.3B	2.6B
H O T	Measures the difference in value between imported and exported goods and services. A positive Trade Balance indicates that more goods and services were exported than imported over a given period. A rising trend has a positive effect on the nation's currency. When higher levels of exports are sold to the world, demand for the nation's currency is elevated as foreigners convert their native currency to purchase the exports. The Trade Balance also has a sizable impact on GDP because high demand for exports creates increased employment and production, as domestic factories work to fill this demand.
9:45pm	NZD	Retail Sales m/m	0.0%	1.0%
H O T	Measures the value of sales at the retail level. A rising trend has a positive effect on the nation's currency because Retail Sales make up a large portion of consumer spending, which is a major driver of the economy and has a sizable impact on GDP. Traders pay close attention to Retail Sales because it is usually the first significant indicator of the month that relates to consumer behavior and is susceptible to surprises.