Tue Aug 12, 3:30pm (GMT +7:00) : GBP : High Impact Expected : CPI y/y

Source National Statistics (latest release)

Measures Change in the price of goods and services purchased by consumers;

Usual Effect Actual > Forecast = Good for currency;

Frequency Released monthly, about 15 days after the month ends;

Next Release Sep 16, 2008

FF Notes This is considered the UK's most important inflation data because it's used as the central bank's inflation target;

Why Traders
Care Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;

Derived Via The average price of various goods and services are sampled and then compared to the previous sampling;

Acronyms Consumer Price Index (CPI);

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Tue Aug 12, 6:50am (GMT +7:00) : JPY : Low Impact Expected : Revised Industrial Production m/m

Source METI (latest release)

Measures Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities;

Usual Effect Actual > Forecast = Good for currency;

Frequency Released monthly, about 45 days after the month ends;

Next Release Sep 12, 2008

FF Notes The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are two versions of this indicator released about 15 days apart - Preliminary and Revised. The Preliminary release is the earliest and thus tends to have the most impact;

Why Traders
Care It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle, and is correlated with consumer conditions such as employment levels and earnings;

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Tue Aug 12, 6:50am (GMT +7:00) : JPY : Low Impact Expected : CGPI y/y

Source Bank of Japan (latest release)
Measures Change in the price of goods sold by corporations;
Usual Effect Actual > Forecast = Good for currency;
Frequency Released monthly, about 11 days after the month ends;
Next Release Sep 10, 2008
Why Traders
Care It's a leading indicator of consumer inflation - when corporations charge more for goods the higher costs are usually passed on to the consumer;
Also Called Domestic CGPI;
Acronyms Corporate Goods Price Index (CGPI);

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Mon Aug 11, 7:30pm (GMT +7:00) : CAD : Low Impact Expected : New Housing Price Index m/m

The New Housing Price Index (NHPI) measures monthly changes in the selling prices of new residential houses. The NHPI is used as the inflation measure of new home construction.

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Mon Aug 11, 7:15pm (GMT +7:00) : CAD : High Impact Expected : Housing Starts

Source CMHC (latest release)

Measures Annualized number of new residential buildings that began construction during the previous month;

Usual Effect Actual > Forecast = Good for currency;

Frequency Released monthly, about 9 days after the month ends;

Next Release Sep 9, 2008

FF Notes While this is monthly data, it's reported in an annualized format (monthly figure x12). Market impact tends to vary and is occasionally quite hefty;

Why Traders
Care It's a leading indicator of economic health because building construction produces a wide-reaching ripple effect. For example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder; Acronyms Canada Mortgage and Housing Corporation (CMHC);

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