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The busy week ahead will be filled with a number of market-moving economic releases, but without a doubt, the U.S. Non-farm Payrolls and Employment Situation report, along with the U.S. Gross Domestic Product, will steal the spotlight.

In preparation for the new trading week, here is a quick look at the most important economic events that every currency trader should pay attention to.

Sunday, Sept. 27 will bring an important geo-political event: the German Federal Election, during which voters will elect members of the Parliament of the Euro-zone's largest economy.

Monday, Sept. 28 will be light on economic data and will begin with the preliminary estimate of the German CPI- Consumer Price Index, the main measure of inflation, expected around 2:00 am, ET.

The New Zealand Building Permits, a leading indicator of housing market activity, will come at 6:45 pm, ET.

The day will conclude with the first spotlight event of the week- the Japanese CPI- Consumer Price Index, the main measure of inflation, at 7:30 pm, ET.

Tuesday, Sept. 29 will begin with the Swiss Consumption Indicator of consumer spending, at 2:00 am, ET.

News sequence from the U.K. will bring one of the main spotlight events of the week- the U.K. GDP- Gross Domestic Product, the main measure of economic activity and growth, at 4:30 am, ET, along with the U.K. Current Account of goods, services and transfer of payments into and out of the region, at 4:30 am, ET, the U.K. Mortgage Approvals, a leading indicator of demand for housing, at 4:30 am, ET, and the U.K. Lending to Individuals, measuring consumer credit, also at 4:30 am, ET.

The Euro-zone Consumer Confidence, an index of consumers' confidence and outlook on the economy, will be released at 5:00 am, ET, followed by the U.K. CBI- Confederation of British Industry Realized Sales, a leading indicator of consumer spending measuring sales made by wholesalers and retailers, due at 6:00 am, ET.

The U.S. economic data will begin with the U.S. S&P Case/Schiller National Home Price Index of changes in home prices in 20 of the largest metropolitan areas, at 9:00 am, ET.

A major spotlight event- the U.S. Consumer Confidence, a Conference Board survey of consumer attitudes on present economic conditions and expectations of future conditions, will be released at 10:00 am, ET.

Later that evening important economic data sequence will begin with the U.K. Consumer Confidence, a survey of consumers' financial conditions and outlook on the economy, at 7:00 pm, ET, and the Japanese Manufacturing PMI- Manufacturing Purchasing Manager's Index, a leading indicator of economic activity measuring the activity level of purchasing managers in the manufacturing sector, at 7:15 pm, ET.

A spotlight event- the preliminary estimate of the Japanese Industrial Production, the main gauge of industrial performance measuring the output of factories, mines and utilities will be released at 7:50 pm, ET.

The day will end with three notable reports- the Australian Retail Sales, the main measure of consumer spending, and the Australian Building Approvals, both scheduled at 9:30 pm, ET, and New Zealand's Business Confidence, a survey of the confidence of businesses in the economy, at 11:00 pm, ET.

Wednesday, Sept. 30 will start with the Japanese Housing Starts, a leading indicator of housing market activity, at 1:00 am, ET.

The German Retail Sales, the main gauge of consumer spending in the Euro-zone's largest economy, and the German Unemployment Rate, will be released at 3:55 am, ET.

One of the main spotlight events of the week- the Euro-zone Flash HICP- Harmonized Index of Consumer Prices, a preliminary, flash estimate of the European equivalent to the CPI- Consumer Price Index and the main gauge of inflation, will be released at 5:00 am, ET, along with the Swiss National Bank's Quarterly Bulletin on inflation and economic conditions, at 5:00 am, ET.

The U.S. economic releases will bring a spotlight event- the ADP-Automatic Data Processing Employment Report, a preliminary estimate that could help to predict the outcome of the monthly non-farm payrolls, due at 8:15 am, ET.

Another spotlight event will come with the Canadian GDP- Gross Domestic Product, the main measure of economic activity and growth, at 8:30 am, ET, and the Canadian IPPI- Industrial Product Price Index and RMPI- Raw Materials Price Index, the main measures of inflation experienced by manufacturers, also at 8:30 am, ET.

One of the main spotlight events of the week, the U.S. GDP- Gross Domestic Product, the main measure of economic activity and growth in the world's largest economy, will be released at 8:30 am, ET.

More U.S. economic data will include the National Association of Purchasing Management - Chicago Manufacturing survey and a composite index of business conditions in the Chicago area, at 9:45 am, ET, and the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.

The day will end with a spotlight event- the Japanese Tankan Manufacturing Index, a survey of large and small manufacturers conducted quarterly by the Bank of Japan, considered as the most complete reading of economic performance in Japan, at 7:50 pm, ET, along with the Japanese Retail Sales, an important measure of consumer spending, also at 7:50 pm, ET.

Thursday, Oct. 1 will begin with the Swiss PMI- Purchasing Manager's Index, a leading indicator of economic conditions measuring the activity level of purchasing managers, at 3:30 am, ET, and the Euro-zone Manufacturing PMI- Purchasing Managers Index, a leading indicator of manufacturing activity, at 4:00 am, ET.

The U.K. Manufacturing PMI- Purchasing Managers Index will be released at 4:30 am, ET, along with the Bank of England's Credit Conditions Survey, also at 4:30 am, ET, followed by the Euro-zone Unemployment Rate, at 5:00 am, ET.

The U.S. economic reports will begin with the weekly Jobless Claims, an important gauge of labor market conditions measuring new unemployment claims, at 8:30 am, ET.

One of the main spotlight events of the week- the U.S. Personal Income and Outlays, an important gauge of consumer spending measuring the income received and purchases made by consumers, will be released at 8:30 am, ET, along with the PCE- Personal Consumption and Expenditures Index, a leading indicator of inflation preferred by the Fed because it measures a variable basket of goods and services, as opposed to the CPI-Consumer Price Index, which measures a fixed basket of goods and services, also due at 8:30 am, ET.

Another U.S. spotlight event- the ISM- Institute for Supply Management Manufacturing Index, an index of manufacturing activity, where readings below 50 percent indicate economic contraction, will be released at 10:00 am, ET.

The U.S. economic data will continue with the U.S. Pending Home Sales Index, a leading indicator of housing market conditions, at 10:00 am, ET, along with the U.S. Construction Spending, also at 10:00 am, ET, and the EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET.

The day will conclude with the Japanese Unemployment Rate and Household Spending, two indicators of labor market conditions and consumer spending, scheduled at 7:30 pm, ET.

The Australian TD Securities Melbourne Institute Inflation Gauge, a measure of consumer inflation used as a leading monthly indicator of the official quarterly-released Consumer Price Index, will wrap up the day at 8:30 pm, ET.

Friday, Oct. 2 will start with the U.K. Construction PMI- Purchasing Managers Index, measuring the activity level of purchasing managers in the construction sector, at 4:30 am, ET.

The Euro-zone PPI- Producers Price Index, the main measure of wholesale inflation experienced by manufacturers and a leading indicator of consumer inflation, will be released at 5:00 am, ET.

The U.S. economic data will bring the main spotlight event of the week- the U.S. Non-Farm Payrolls and Employment Situation Report, one of the most important indicators of economic and labor market conditions, measuring the number of new jobs created, scheduled at 8:30 am, ET, along with the U.S. Unemployment Rate and Average Hourly Earnings, also at 8:30 am, ET.

The trading week will end with the U.S. Factory Orders, a leading indicator of industrial activity, due for release at 10:00 am, ET.

Source: Trading Week Outlook: September 27 - October 2, 2009