Dukascopy Economic Calendar 25082009 Louise McCauley

Welcome to Dukascopy TV Center for the economic calendar covering Tuesday, August 25th. Im ____________, and we will bring you a schedule of the days events that could send Forex markets on the move.
German finalized second quarter GDP is out at 6. As no revision to preliminary figures is in sight, this should not be a heavyweight, unless significant change does happen. The provisional figures were quite an improvement over the 3.5% fall posted in the first quarter. German governments efforts to stimulate the economy seem to be paying off, and the years third quarter is likely to bring positive GDP readings as well.
Swiss Employment level data will be released at quarter past 7. The monthly figures have already been reported, and the stats will only summarize the results in the years second quarter. Julys rate of 3.7% nsa was the highest reading in more than three year, with joblessness reaching the levels of five years ago. More weakening of the labor market is predicted, which will negatively impact confidence and spending among Swiss consumers.
British Bankers Association publishes its Julys mortgage stats at 8:30. June brought another increase, helping to slowly pull the stats out of the bottom recorded last November. At 27.52 six month average stands way lower than the latest readings.
A number of events from the US take place at 2 OClock, including the days main release consumer confidence for August. If consensus for a slight improvement proves to be corrected, this will be the first positive change in three months. Both negative and positive can be drawn from the already known data. Stock markets are looking North and job market seems to have found some ground. However, recent health reform controversy and rising fuel prices are on the other side of the balance.
Junes house prices are out at the same time. The coming report is expected to follow up Mays rise with a more modest increase. The yearly change stands 5.6% in the red so far.
The final item in this bloc is Richmond Fed Manufacturing Survey for August. The index slumped at unseen pace in late 2008 and early 2009 and seems to be returning to strength now. Julys figures were solid, posting a growth of 9 points. Still, any bright outlook is in question unless consumer spending starts showing strong signs of improvement.
The final report comes at 10 minutes to midnight with Japanese Foreign Trade for July. The trade surplus widened by 129 billion yen in July on a seasonally adjusted basis. Government stimulus packages, both domestic and foreign, appear to be of a great influence on the Japanese foreign trade. More growth is expected across the board, even with the Yen appreciating versus other majors.
This concludes Tuesdays calendar. Well be back with the list of Wednesdays events. Goodbye.

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