Forex Calendar at Monday 10 Dec 2007

Forex Calendar for Tomorrow Mon - 10 Dec 2007

Time(GMT):	Currency:	Event:	Forecast:	Previous:
12:30am	AUD	Home Loans m/m	1.0%	-2.4%
H O T	Measures the number of commitments for owner occupied home financing. A rising trend has a positive effect on the nation's currency because large purchases tend to be made by consumers that are optimistic and confident in their financial position. Additionally, consumer borrowing has a high degree of historical correlation with consumer spending, which is a major driver of the overall economy.
5:00am	JPY	Eco Watchers Survey	41.1	41.5
	Measures the mood of businesses that directly service consumers, such as barbers, taxi drivers, and waiters. A reading above 50 signals an improvement in sentiment.
7:00am	EUR	German Trade Balance	16.8B	18.1B
	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.
9:30am	GBP	PPI Input m/m	1.4%	1.8%
H O T	The Producer Price Index (PPI) Input measures the rate of inflation (i.e., the rate of price changes) experienced by manufacturers when purchasing goods and services. A rising trend has a positive effect on the nation's currency. When manufactures pay more for goods and services, they are likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation. PPI is highly regarded, and at extremes will have a market impact equal to that of its CPI counterpart.
9:30pm	EUR	Sentix Investor Confidence	12.5	14.0
	Measures investor confidence towards the Euro-zone economy. A rising trend has a positive effect on the nation's currency because it suggest that funds are more likely to invest in European securities, which tends to strengthen the economy.
1:15pm	CAD	Housing Starts	220K	228K
H O T	Measures the annualized number of new residential buildings that began construction during the previous month. A rising trend has a positive effect on the nation's currency because the housing market is a leading gauge for the overall economy. A high level of housing activity signals that the construction industry is healthy and that consumers have the capital to make large investments. More importantly, new housing activity creates an economic ripple effect as home owners buy goods such as appliances and furniture for their homes, and builders buy raw materials and hire more workers to meet demand.
3:00pm	USD	Pending Home Sales m/m	-1.0%	0.2%
H O T	Measures the number of signed real estate contracts for existing single-family homes, condos and co-ops. An index of 100 is equal to the average level of contract activity during 2001.
5:00pm	CAD	BOC Governor Dodge Speaks
H O T	Bank of Canada (BOC) Governor David Dodge will speak at the Empire Club of Canada, in Toronto. As head of the central bank's governing body, which is responsible for setting the nation's short term interest rate, his speeches can sometimes cause market volatility as traders react to clues regarding future monetary policy.