Tuesday's Upcoming Economic Calendar

The upcoming economic calendar for Tuesday, September 30th has four top tier releases scheduled.

The first will be the current account from the U.K. at 04:30. This is a nation's total exports of goods, services, and transfers, deducted from its total number of imports. The current account Balance calculations exclude transactions in financial assets and liabilities. It is a comprehensive accounting review of a nation's global trade that includes the trade balance in its figures. Economists are predicting a reading of -9.7 billion. Any reaction the currency may have will likely be knee-jerk as institutions realign existing positions.

Next, from Canada at 08:30 we have the GDP. This report measures the value of all goods and services that are produced within a countries boarders in the quarter. It includes all company and personal consumption, Government outlays, investments, and exports less imports. Economists are expecting it to come in at 0.2 percent.

At 10:00 the U.S. will be releasing the Conference Board's consumer confidence report. This is a survey that queries economic participants on their current and future expectations for the U.S. economy. The figure is released at the start of each month, making consumer confidence a timely measure of consumer sentiment now and in the immediate future. It helps to build a picture of the consumer's mood towards the economy. Analysts expect the confidence of the consumer to come in at 54.0.

Lastly, Japan will be releasing the Tankan manufacturing index at 19:50. This release shows us a forecast of the next quarter's Large Manufacturer's Index. The figure is a measure of future business expectations, providing an indication of economic trends based on factors like projected profits and capital investment. The headline number is the projected value of the Large Manufacturer's Index for the next quarter. Economists are expecting a reading of -2.

There will also be a possibility for the U.S. to pass the bill for the financial bailouts this week. If done, this could add huge amounts of sudden volatility to the global markets. TheLFB will be covering this as it happens, when it happens. Be sure to check in often!

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