IMPORTANT DATA released on Global EconomiesIMPORTANT DATA Jan, 3 201211:00am AUD Commodity Prices y/y 10.9% 17.

5% 2:00pm CHF SVME PMI 44.5 44.8 2:25pm EUR German Unemployment Change -9K -20K 3:00pm GBP Manufacturing PMI 47.4 47.6 8:30pm USD ISM Manufacturing PMI 53.3 52.7 8:30pm USD Construction Spending m/m 0.6% 0.8% 8:30pm USD ISM Manufacturing Prices 47.6 45.0

IMPORTANT DATA Jan, 4 201212:30am USD FOMC Meeting Minutes 1:15pm EUR French Consumer Spending m/m 0.3% 0.0% 3:00pm GBP Construction PMI 51.8 52.3 3:00pm GBP Not lending to Individuals m/m 3:30pm EUR CPI Flash Estimate y/y 2.8% 3.0% 8:30pm USD Factory Orders m/m 1.9% -0.4%

IMPORTANT DATA Jan, 5

2012-

4:30am GBP Services PMI 51.6 52.1 4:30am GBP BOE Credit Conditions Survey Tentative CHF SNB Chairman Hildebrand speaks 8:15am USD ADP Non-Farm Employment Change 176K 206K 8:30am USD Unemployment Claims 375K 381K 10:00am Ivey PMI 57.5 59.9 10.00am ISM Non-manufacturing PMI 53.0 52.0 11:00am USD Crude Oil Inventories -1.4M 3.9M

IMPORTANT DATA Jan, 6 20121:30pm CHF Foreign Currency Reserves 229.3B 1:30pm GBP Halifax HPI m/m -0.9% 1:45pm CHF CPI m/m 0.0% -0.2% 3:30pm EUR Retail Sales m/m -0.2% 0.3% 5:30pm CAD Employment change 17.8K -18.6K

5:30pm CAD Unemployment Rate 7.4% 7.4% 7:00pm USD Non-farm Employment change 152K 120K 7:00pm USD Unemployment Rate 8.7% 8.6%

IMPORTANT DATA Jan, 9 20123:15am NZD Trade Balance -308M -290M -228M 5:12am AUD HIA New Home sales m/m 6.8% 5.5% 6:00am AUD Retail sales m/m 0.0% 0.4% 0.2% 11:45am CHF Retail sales y/y 0.6% -0.2% 3:00pm EUR Sentix Investor Confidence -23.8 -24.0 4:30pm EUR German Industrial production m/m -0.5% 0.8% 7:00pm CAD Building permits m/m -0.5% 0.8% 9:00pm CAD BOC Business outlook survey 11:10pm USD FOMC Member Lockhart Speaks

IMPORTANT DATA Jan, 10 20123:15am NZD Building Consents m/m -6.4% 10.7% 5:30am GBP RICS House Price Balance -16% -18% -17% 6:00am AUD Building Approvals m/m 8.4% 6.6% -10.0% 8:30am CNY Trade Balance 16.5B 8.3B 14.5B 1:15pm EUR French Industrial Production m/m 0.1% 0.0% 6:45pm CAD Housing Starts 186K 181K 9:00pm USD FOMC Member Williams Speaks 9:40pm USD FOMC Member Pianalto Speaks

IMPORTANT DATA Jan, 11

3:00pm GBP Trade Balance -8.3B -7.6B 7:30pm USD FOMC Member Lockhart Speaks 9:00pm USD Crude Oil Inventories 0.9M 2.2M

2012-

IMPORTANT DATA Jan, 12 20127:00am CNY CPI y/y 4.1% 4.0% 4.2% 7:00am CNY PPI y/y 1.7% 1.6% 2.7% 3:00pm GBP Manufacturing Production m/m 0.0% -0.7% 3:30pm EUR Industrial Production m/m -0.2% -0.1%

5:30pm GBP Asset Purchase Facility 275B 275B 5:30pm GBP Official Bank Rate 0.50% 0.50% Tentative GBP MPC Rate Statement 6:15pm EUR Minimum Bid Rate 1.00% 1.00% 7:00pm CAD NHPI m/m 0.2% 0.2% 7:00pm USD Core Retail Sales m/m 0.3% 0.2% 7:00pm USD Retail Sales m/m 0.3% 0.2% 7:00pm USD Unemployment claims 373K 372K

IMPORTANT DATA Jan, 13 201212:27am USD Federal Budget Balance -86.0B -79.0B -137.3B 3:00pm GBP PPI Input m/m 0.0% 0.1% 7:00pm CAD Trade balance -0.5B -0.9B 7:00pm USD Trade Balance -44.8B -43.5B 7:00pm USD Import Prices m/m 0.0% 0.7% 8:25pm USD Prelim UoM Consumer Sentiment 71.2 69.9

IMPORTANT DATA Jan, 16 20125:20am JPY Core Machinery orders m/m 14.8% 5.8% -6.9% 5:25am GBP Rightmove HPI m/m -0.8% -2.7% 6:00am AUD ANZ Job Advertisements m/m -0.9% 0.1% 1:45pm CHF PPI m/m -0.3% -0.8% 11:30pm EUR ECB President Draghi Speaks

IMPORTANT DATA Jan, 17 20122:30am NZD NZIER Business Confidence 5:20am JPY Tertiary Industry Activity m/m -0.8% -0.3% 0.7% 7:30am CNY GDP q/y 8.9% 8.7% 9.1% 7:30am CNY Fixed Asset Investment ytd/y 23.8% 24.1% 24.5% 7:30am CNY Industrial Production y/y 12.8% 12.3% 12.4% 3:00pm GBP CPI y/y 4.2% 4.8% 3:00pm GBP RPI y/y 4.7% 5.2% 3:15pm GBP BOE Gov King Speaks 3:30pm EUR German ZEW Economic Sentiment -49.7 -53.8 3:30pm CPI y/y 2.8% 2.8% 3:30pm EUR Core y/y 1.6% 1.6% 3:30pm EUR ZEW Economic Sentiment -48.7 -54.1 7:00pm CAD Foreign Securities Purchases 6.97B 2.03B

7:00pm USD Empire State Manufacturing Index 10.8 9.5 7:30pm CAD BOC Rate statement 7:30pm Overnight Rate 1.00% 1.00%

IMPORTANT DATA Jan, 18 201212:00am GBP MPC member Posen Speaks 2:30am NZD REINZ HPI m/m -0.1% 1.1% 3:00pm GBP Claimant Count Change 9.1K 3.0K 3:00pm GBP Unemployment Rate 8.3% 8.3% 7:00pm USD PPI m/m 0.1% 0.3% 7:00pm USD Core PPI m/m 0.1% 0.1% 7:30pm USD TIC Long-Term Purchases 27.3B 4.8B 7:45pm USD Capacity Utilization Rate 78.2% 77.8% 7:45pm USD Industrial Production m/m 0.5% -0.2% 9:00pm CAD BOC Monetary Policy Report

IMPORTANT DATA Jan, 19 20123:15am NZD CPI q/q -0.3% 0.4% 0.4% 5:30am AUD MI Inflation Expectations 2.8% 2.4% 6:00am AUD Employment Change -29.3K 10.2K -7.5K 6:00am AUD Unemployment Rate 5.2% 5.3% 5.2% 2:30pm EUR Current Account 0.5B -7.5B 2:30pm EUR ECB Monthly Bulletin 7:00pm CAD Manufacturing Sales m/m 1.0% -0.8% 7:00pm USD Building Permits 0.68M 0.68M 7:00pm USD Core CPI m/m 0.1% 0.2% 7:00pm USD Unemployment Claims 387K 399K 7:00pm USD CPI m/m 0.1% 0.0% 8:30pm USD Philly Fed Manufacturing Index 10.7 10.3 9:00pm USD Natural Gas Storage -88B -95B 9:30pm USD Crude Oil Inventories 2.9M 5.0M

IMPORTANT DATA Jan, 20 20126:00am AUD Import Prices q/q 2.5% 0.9% 0.0% 8:00am CNY HSBC Flash Manufacturing PMI 48.8 48.7 12:30pm EUR German PPI m/m 0.1% 0.1% 3:00pm GBP Retail Sales m/m 0.6% -0.4% 5:30pm CAD Core CPI m/m -0.2% 0.1%

5:30pm CAD CPI m/m -0.1% 0.1% 7:00pm CAD Wholesale Sales m/m 0.8% 0.9%

IMPORTANT DATA Jan, 23 20126:00am AUD PPI q/q 0.3% 0.4% 0.6% 7:00pm CAD Leading Indez m/m 0.6% 0.8% 11:30pm GBP MPC Member Posen Speaks

IMPORTANT DATA Jan, 24 20124:30am AUD CB Leading Index m/m -0.3% 0.5% 9:01am JPY Monetary Policy Statement 9:01am JPY Overnight Call Rate <0.10% <0.10% <0.10% Tentative JPY BOJ Press Conference 1:30pm EUR French Flash Manufacturing PMI 49.2 48.9 1:30pm EUR French Flash Services PMI 50.5 50.3 2:00pm EUR German Flash Manufacturing PMI 49.1 48.4 2:00pm EUR German Flash Services PMI 52.6 52.4 2:30pm EUR Flash manufacturing PMI 47.4 46.9 2:30pm EUR Flash Services PMI 49.1 48.8 All day EUR ECOFIN Meetings 3:00pm GBP Public Sector Net Borrowing 12.4B 15.2B 3:30pm EUR Industrial New Orders m/m -2.1% 1.8% 7:00pm CAD Core Retail sales m/m 0.2% 0.7% 7:00pm CAD Retail Sales m/m 0.3% 1.0% 7:30pm EUR Belgium NBB Business Climate -10.1 -10.6 9:45pm CHF Gov Board Member Danthine Speaks

IMPORTANT DATA Jan, 25 20121:30am GBP BOE Gov King Speaks 5:00am AUD MI Leading Index m/m -0.2% 0.1% 5:26am JPY Trade Balance -0.57T 0.36T -0.53T 6:00am AUD CPI q/q 0.0% 0.2% 0.6% 6:00am AUD Trimmed Mean CPI q/q 0.6% 0.5% 0.4% 10.30am JPY BOJ Monthly Report 1:30pm CAD BOC Gov Carney Speaks 2:30pm EUR German Ifo Business Climate 107.6 107.2 3:00pm GBP MPC Meeting Minutes 0-0-9 0-0-9 3:00pm GBP Prelim GDP q/q -0.1% 0.6%

3:00pm GBP BBA Mortgage approvals 35.3K 34.7 4:30pm GBP CBI Industrial Order Expectations -19 -23 6:45pm EUR ECB President Draghi Speaks 8:30pm USD Pending Home Sales m/m -0.6% 7.3% 9:00pm USD Crude Oil Inventories 0.9M -3.4M 11:00pm USD FOMC Statement 11:00pm USD Federal Funds Rate <0.25% <0.25%

IMPORTANT DATA Jan, 27 20123:15am NZD Trade Balance 338M -74M -307M 5:00am JPY Tokyo Core CPI y/y -0.4% -0.3% -0.3% 5:20am JPY Monetary policy Meeting Minutes 5:20am JPY Retail Sales y/y 2.5% 2.3% -2.2% 2:30pm EUR M3 Money Supply y/y 2.2% 2.0% 4:00pm CHF KOF Economic Barometer -0.06 0.01 6:45pm ECB President Draghi Speaks 7:00pm USD Advance GDP q/q 3.0% 1.8% 7:00pm USD Advance GDP Price Index q/q 2.0% 2.6% 8:25pm USD Revised UoM Consumer Sentiment 74.2 74.0

IMPORTANT DATA Jan, 28 2012Day4 ALL WEF Annual Meetings 3:00pm CAD BOC Gov Carney Speaks

IMPORTANT DATA Jan, 30 2012All Day EUR German Prelim CPI m/m -0.4% 0.7% All Day EUR EU Economic Submit 7:00pm USD Core PCE Price Index m/m 0.1% 0.1% 7:00pm USD Personal Spending m/m 0.2% 0.1%

IMPORTANT DATA Jan, 31 20123:15am NZD Building Consents m/m 2.1% -6.2% 5:00am JPY Household Spending y/y 5:20am JPY Prelim Industrial Production m/m 4.0% 2.8% -2.7% 5:31am GBP GfK Consumer Confidence -29 -31 -33 6:00am AUD NAB Business Confidence 3 2 6:00am AUD Private Sector Credit m/m 0.3% 0.3% 0.3%

12:30pm CHF UBS Consumption Indicator 0.81 12:30pm EUR German Retail Sales m/m 0.9% -1.0% 1:15pm EUR French Consumer Spending m/m 0.3% -0.1% 2:25pm EUR German Unemployment Change -8K -22K 3:00pm GBP Net Lending to Individuals m/m 1.2B 1.0B 3:30pm EUR Unemployment Rate 10.4% 10.3% 7:00pm CAD GDP m/m 0.2% 0.0% 7:00pm RMPI m/m -0.1% 3.8% 7:00pm USD Employment Cost Index q/q 0.4% 0.3% 7:30pm USD S&P/CS Composite-20 HPI y/y -3.3% -3.4% 8:15pm USD Chicago PMI 63.1 62.5 8:30pm USD CB Consumer Confidence 68.2 64.5

IMPORTANT DATA Feb, 1 20125:30am AUD HIA New Home Sales m/m -4.9% 4.4% 6:00am AUD HPI q/q -1.0% -0.7% -1.9% 6:30am CNY Manufacturing PMI 50.5 49.8 50.3 7:00am JPY Average Cash Earnings y/y -0.2% -0.3% -0.2% 8:00am CNY HSBC Final Manufacturing PMI 48.8 48.7 11:00am AUD Commodities Prices y/y 10.9% 12:30pm GBP Nationwide HPI m/m -0.1% -0.2% 1:45am CHF Retail Sales y/y 1.6% 1.8% 2:00pm CHF SVME PMI 51.7 50.7 3:00pm GBP Manufacturing PMI 50.1 49.6 3:30pm EUR CPI Flash Estimate y/y 2.7% 2.8% 6:45pm USD ADP Non-Farm Employment Change 189K 325K 8:30pm USD ISM Manufacturing PMI 54.6 53.9 9:00pm USD Crude Oil Inventories 3.2M 3.6M

IMPORTANT DATA Feb, 2 20126:00am AUD Building Approvals m/m -1.0% 2.1% 10.1% 6:00am AUD Trade Balance 1.71B 1.22B 1.34B 12:30pm CHF Trade Balance 2.85B 2.95B 3:00pm GBP Construction PMI 52.8 53.2 7:00pm USD Unemployment Claims 373K 377K 7:00pm USD Prelim Nonfarm Productivity q/q 1.0% 2.3% 7:00pm USD Prelim Unit Labor Costs q/q 0.9% -2.5% 7:30pm GBP MPC Member Posen Speaks 8:30pm USD Fed Chairman Bernanke Testifies

IMPORTANT DATA Feb, 3 20123:50am AUD AIG Services Index 51.9 49.0 3:00pm GBP Services PMI 53.5 54.0 3:30pm EUR Retail Sales m/m 0.4% -0.8% 5:30pm CAD Employment Change 23.3K 17.5K 5:30pm CAD Unemployment Rate 7.5% 7.5% 7:00pm USD Non-Farm Employment Change 150K 200K 7:00pm USD Unemployment Rate 8.5% 8.5% 7:00pm USD Average Hourly Earnings m/m 0.2% 0.2% 8:30pm USD ISM Non-Manufacturing PMI 53.1 52.6 8:30pm USD Factory Orders m/m 1.5% 1.8%

IMPORTANT DATA Feb, 6 20126:00am AUD Retail Sales m/m -0.1% 0.2% 0.1% 6:00am AUD ANZ Job Advertisements m/m 6.0% -0.6% 1:30pm CHF Foreign Currency Reserves 254.2B 1:30pm GBP Halifax HPI m/m 0.1% -0.9% 3:00pm EUR Sentix Investor Confidence -14.8 -21.1 4:30pm EUR German Factory Orders m/m 0.7% -4.8% 8:30pm CAD Ivey PMI 58.6 63.5

IMPORTANT DATA Feb, 7 20123:15am NZD Labor Cost Index q/q 0.7% 0.5% 0.5% 5:31am GBP BRC Retail Sales Monitor y/y -0.3% 2.2% 9:00am AUD Cash Rate 4.25% 4.00% 4.25% 9:00am AUD RBA Rate Statement 1:30pm CHF Foreign Currency Reserves 254.2B 4:15pm CHF Gov Board Member Jordan Speaks 4:30pm EUR German Industrial Production m/m -0.1% -0.6% 7:00pm CAD Building Permits m/m 0.2% -3.6% 8:30pm USD Fed Chairman Bernanke Testifies

IMPORTANT DATA Feb, 8 20126:45pm CAD Housing Starts 193K 200K 9:00pm USD Crude Oil Inventories 2.9M 4.2M 9:10pm USD FOMC Member William Speaks

IMPORTANT DATA Feb, 9 20123:15am NZD Employment change q/q 0.1% 0.4% 0.2% 3:15am NZD Unemployment Rate 6.3% 6.5% 6.6% 5:20am JPY Core machinery Orders m/m -7.1% -4.8% 14.8% 6:00am AUD NAB Quarterly Business Confidence 1 -3 7:02am CNY CPI y/y 4.5% 4.0% 4.1% 7:02am CNY PPI y/y 0.7% 0.8% 1.7% 12:15pm CHF SECO Consumer Climate -23 -24 3:00pm GBP Manufacturing Production m/m 0.3% -0.2% 3:00pm GBP Trade Balance -8.5B -8.6B 5:30pm GBP Asset Purchase Facility 325B 275B 5:30pm GBP Official Bank Rate 0.50% 0.50% Tentative GBP MPC Rate Statement 6:15pm EUR Minimum Bid Rate 1.00% 1.00% 7:00pm CAD NHPI m/m 0.2% 0.3% 7:00pm EUR ECB Press Conference 7:00pm USD Unemployment Claims 380K 367K 8:30pm GBP NIESR GDP Estimate 0.1%

IMPORTANT DATA Feb, 10 20126:00am AUD RBA Monetary Policy Statement 8:34am CNY Trade Balance 27.3B 10.8B 16.5B 1:15pm EUR French Industrial Production m/m -0.8% 1.1% 1:45pm CHF CPI m/m -0.3% -0.2% 3:00pm GBP PPI Input m/m 0.4% -0.6% 7:00pm CAD Trade Balance 0.7B 1.1B 7:00pm USD Trade Balance -48.1B -47.8B 8:25pm USD Prelim UoM Consumer Sentiment 74.4 75.0 11:00pm USD Fed Chairman Bernanke Speaks

IMPORTANT DATA Feb, 13 20125:20am JPY Prelim GDP q/q -0.6% -0.3% 1.4% 5:20am JPY Prelim GDP Price Index y/y -1.6% -1.6% 2.1% 5:20am JPY Tertiary Industry Activity m/m 1.4% 0.9% -0.6% 6:00am AUD Home Loans m/m 2.3% 1.9% 1.8% 1:45pm CHF PPI m/m 0.2% 0.3%

IMPORTANT DATA Feb, 14 20123:15am AUD RBA Assist Gov Debelle Speaks 5:02am GBP RICS House Price Balance -16% -16% -16% 6:00am AUD NAB Business Confidence 4 3 8:15am USD FOMC Member William Speaks 8:31am NZD REINZ HPI m/m -1.4% -0.1% 9:13am JPY Monetary Policy Statement 9:13am JPY Overnight Call Rate <0.10% <0.10% <0.10% Tentative JPY BOJ Press Conference 3:00pm GBP CPI y/y 3.6% 4.2% 3:00pm GBP RPI y/y 4.1% 4.8% 3:30pm EUR German ZEW Economic Sentiment -11.8 -21.6 7:00pm USD Core Retail Sales m/m 0.6% -0.2% 7:00pm USD Retail Sales m/m 0.8% 0.1%

IMPORTANT DATA Feb, 15 20123:15am NZD Retail Sales q/q 2.2% 1.2% 2.4% 3:15am NZD Core Retail Sales q/q 2.9% 1.1% 2.6% 4:10am USD FOMC Member Lockhart Speaks 5:00am AUD Westpac Consumer Sentiment 4.2% 2.4% 6:00am AUD New Motor Vehicle Sales m/m 1.3% -2.7% 10:30am JPY BOJ Monthly Report 12:00pm EUR French Prelim GDP q/q -0.2% 0.3% 12:30pm EUR German Prelim GDP q/q -0.3% 0.5% 3:00pm GBP Claimant Count Change 3.2K 1.2K 3:00pm GBP Unemployment Rate 8.4% 8.4% 3:30pm CHF ZEW Economic Expectations -50.1 3:30pm EUR Flash GDP q/q -0.3% 0.1% 4:00pm GBP BOE Gov King Speaks 4:00pm GBP BOE Inflation Report 7:00pm USD Empire State Manufacturing Index 14.7 13.5 7:30pm USD TIC Long Term Purchases 62.3B 59.8B 7:45pm USD Capacity Utilization Rate 78.6% 78.1% 7:45pm USD Industrial Production m/m 0.7% 0.4% 9:00pm USD Crude Oil Inventories 1.8M 0.3M

IMPORTANT DATA Feb, 16 2012-

7:00pm USD Building Permits 0.68M 0.67M 7:00pm USD PPI m/m 0.3% -0.1% 7:00pm USD Unemployment Claims 364K 358K 7:00pm USD Housing Starts 0.68M 0.66M 7:30pm USD Fed Chairman Bernanke Speaks 8:30pm USD Philly Fed Manufacturing Index 9.0 7.3 8:30pm USD Mortgage Delinquencies - 7.99% 9:00pm USD Natural Gas Storage -126B -78B

IMPORTANT DATA Feb, 17 20124:30am NZD RBNZ Gov Bollard Speaks 12:30am EUR German PPI m/m 0.4% -0.4% 3:00pm GBP Retail Sales m/m -0.3% 0.6% 5:30pm CAD Core CPI m/m 0.1% -0.5% 7:00pm USD Core CPI m/m 0.3% 0.1%

IMPORTANT DATA Feb, 20 20123:15am NZD PPI Input q/q 0.5% 0.4% 0.6% 3:15am NZD PPI Output q/q 0.1% 0.5% 0.2% 5:10am GBP Rightmove HPI m/m 4.1% 5:20am JPY Trade Balance -0.61T -0.83T -0.57T

IMPORTANT DATA Feb, 21 201210:00am JPY All Industries Activity m/m 1.6% -1.1% 12:30pm CHF Trade Balance 1.95B 2.07B 8:30pm EUR Consumer Confidence -20 -21

IMPORTANT DATA Feb, 22 20125:00am AUD MI Inflation Gauge m/m 0.5% -0.3% 6:00am AUD Wage Price Index q/q 1.0% 0.8% 0.7% 8:00am CNY HSBC Flash Manufacturing PMI 49.7 48.8 3:00pm GBP MPC Meeting Minutes 0-0-9 0-0-9 0-0-9 8:30pm USD Existing Home Sales 4.57M 4.66M 4.38M

IMPORTANT DATA Feb, 23 20122:30pm EUR German Ifo Business Climate 108.7 108.3 7:00pm USD Unemployment Claims 352K 348K 9:00pm USD Natural gas Storage -146B -127B

9:30pm USD Crude Oil Inventories 0.9M -0.2M

IMPORTANT DATA Feb, 24 20124:00am AUD RBA Gov Stevens Speaks 3:00pm GBP Revised GDP q/q -0.2% -0.2% 8:30pm USD New Home Sales 316K 307K

IMPORTANT DATA Feb, 27 20123:15am NZD Trade balance -199M 184M 306M 2:30pm EUR M3 Money Supply y/y 1.8% 1.6% 8:30pm USD Pending Home Sales m/m 1.1% -3.5%

IMPORTANT DATA Feb, 28 20125:20am JPY Retail Sales y/y 1.9% -0.2% 2.5% 7:00pm USD Core Durable Goods Orders m/m 0.0% 2.2% 8:30pm USD CB Consumer Confidence 63.1 61.1 11:00pm CHF Gov Board Member Jordan Speaks

IMPORTANT DATA Feb, 28 20125:30am NZD NBNZ Business Confidence 28.0 16.9 6:00am AUD Retail Sales m/m 0.3% 0.3% -0.1% 1:30pm CHF KOF Economic Barometer -0.11 -0.17 3:15pm GBP Inflation Report Hearings 7:00pm USD Prelim GDP q/q 2.8% 2.8% 8:30pm USD Fed Chairman Bernanke Testifies

IMPORTANT DATA March

, 1 2012-

6:00am AUD Building Approvals m/m 0.9% 2.1% -1.0% 6:00am AUD Private Capital Expenditure q/q -0.3% 3.5% 14.6% 6:30am CNY Manufacturing PMI 51.0 50.9 50.5 3:00pm GBP Manufacturing PMI 51.9 52.1 7:00pm USD Unemployment Claims 350K 351K

8:30pm USD Fed Chairman Bernanke Testifies 8:30pm USD ISM Manufacturing PMI 54.6 54.1

IMPORTANT DATA March, 2 20125:00am JPY Household Spending y/y -2.3% -0.7% 0.5% 5:00am JPY Tokyo Core CPI y/y -0.3% -0.4% -0.4% 12:30pm EUR German Retail Sales m/m 0.5% 0.1% 3:00pm GBP Construction PMI 51.3 51.4 7:00pm CAD GDP m/m 0.3% -0.1%

IMPORTANT DATA March, 5 20126:00am AUD ANZ Job Advertisements m/m 3.3% 7.5% 1:45pm CHF Retail Sales y/y 2.0% 0.6% 3:00pm GBP Services PMI 55.0 56.0 8:30pm ISM Non-Manufacturing PMI 56.1 56.8

IMPORTANT DATA March, 6 20129:00am AUD Cash Rate 4.25% 4.25% 4.25% 9:00am AUD RBA Rate Statement 1:30pm GBP Halifax HPI m/m 0.3% 0.6% 8:30pm CAD Ivey PMI 62.1 64.1

IMPORTANT DATA March, 13 20127:00am AUD Home Loans m/m -1.2% -0.5% 2.1% 11:37am JPY Monetary Policy Statement 11:37am JPY Overnight Call Rate <0.10% <0.10% <0.10% 1:49pm JPY BOJ Press Conference 4:30pm EUR German ZEW Economic Sentiment 22.3 10.6 5.4 7:00pm USD Core Retail Sales m/m 0.9% 0.8% 1.1% 7:00pm USD Retail Sales m/m 1.1% 1.1% 0.6%

IMPORTANT DATA March, 14 201212:45am USD FOMC Statement 3:00am USD Bank Stress Test Results 4:00pm GBP Claimant Count Change 6.5K 6.9K 8:30pm USD fed Chairman Bernanke Speaks 9:00pm USD Crude Oil Inventories 2.2M 0.8M

IMPORTANT DATA March, 15 2012

3:00pm CHF Libor Rate <0.25% <0.25% 3:00pm CHF SNB Monetary Policy Assessment 7:00pm USD PPI m/m 0.5% 0.1% 7:00pm USD Unemployment Claims 357K 362K 7:30pm USD TIC Long-Term Purchases 29.3B 17.9B 8:30pm USD Philly Fed Manufacturing Index 11.9 10.2 9:00pm USD Natural Gas Storage -58B -80B

IMPORTANT DATA March, 16 2012

7:00pm USD Core CPI m/m 0.1% 0.2%0.2% 8:25pm USD Prelim UoM Consumer Sentiment 74.3 75.8 75.3

IMPORTANT DATA March, 19 2012

3:30am NZD Westpac Consumer Sentiment 102.4 101.3 6:18am GBP Rightmove HPI m/m 1.6% 4.1% 7:30am AUD RBA Gov Stevens Speaks 3:30pm EUR Current Account 7:00pm CAD Wholesale Sales m/m 0.4% 0.9%

IMPORTANT DATA March, 20 2012

7:00am AUD Monetary Policy Meeting Minutes 4:00pm GBP CPI y/y 3.4% 3.6% 7:00pm USD Building Permits 0.69M 0.68M

IMPORTANT DATA March, 21 2012

4:15am NZD Current Account -2.76B -2.77B -4.75B 4:00pm GBP MPC Meeting Minutes 0-0-9 0-0-9 4:00pm GBP Public Sector Net Borrowing 5.2B -10.7B 7:00pm GBP Annual Budget Release 8:00pm USD Fed Chairman Bernanke Testifies 8:30pm USD Existing Home Sales 4.61M 4.57M

IMPORTANT DATA March, 22 2012

4:15am NZD GDP q/q 0.3% 0.6% 0.7% 9:00am CNY HSBC Flash Manufacturing PMI 48.1 49.6

4:00pm GBP Retail Sales m/m -0.5% 0.9% 7:00pm CAD Core Retail Sales m/m -0.5% 0.9% 7:00pm USD Unemployment Claims 353K 351K 9:00pm USD Natural Gas Storage 10B -64B 10:30pm EUR ECB President Draghi Speaks

IMPORTANT DATA March, 23 2012

5:30pm CAD Core CPI m/m 0.3% 0.2% 5:30pm CAD CPI m/m 0.4% 0.4% 8:30pm USD New Home Sales 326K 321K

IMPORTANT DATA March, 24 2012

12:15am USD Fed Chairman Bernanake Speaks 1:00am FOMC Member Lockhart Speaks 7:00pm GBP MPC Member tucker Speaks

IMPORTANT DATA March, 26 2012

2:30pm EUR German Ifo Business Climate 109.7 109.6 6:30pm USD Fed Chairman Bernanke Speaks 8:30pm USD Pending Home Sales m/m 1.0% 2.0%

IMPORTANT DATA March, 27 2012

4:30pm GBP CBI Realized Sales -4 -2 7:30pm USD S&P/CS Composite-20 HPI y/y -3.8% -4.0% 8:30pm USD CB Consumer Confidence 70.3 70.8 11:15pm USD Fed Chairman Bernanke Speaks

IMPORTANT DATA March, 28 2012

3:00pm GBP Current Account -8.5B -15.2B 3:00pm GBP Final GDP q/q -0.2% -0.2% 7:00pm USD Core Durable Goods Orders m/m 1.6% -3.0% 7:00pm USD Durable Goods Orders m/m 3.0% -3.7% 9:00pm USD Crude Oil Inventories 2.8M -1.2M

IMPORTANT DATA March, 29

2012

6:30am NZD NBNZ Business Confidence 33.8 28.0 7:00pm USD Unemployment Claims 351K 348K 9:00pm USD Natural gas Storage 49B 11B

IMPORTANT DATA March, 30 2012

9:45pm USD FOMC Member Lockhart Speaks 10:15pm USD Fed Chairman Bernanke Speaks

IMPORTANT DATA April, 02 2012

8:00am AUD Building Approvals m/m -7.8% 0.4% 1.1% 1:45pm CHF Retail Sales y/y 3.2% 4.4% 3:00pm GBP Manufacturing PMI 50.6 51.2 8:30pm USD ISM Manufacturing PMI 53.3 52.4

IMPORTANT DATA April, 0

8:00am AUD Retail Sales m/m 0.2% 0.2% 0.3% 11:00am AUD Cash Rate 4.25% 4.25% 4.25% 11:00am AUD RBA Rate Statement 3:00pm GBP Construction PMI 53.6 54.3

3 2012 4 2012

IMPORTANT DATA April, 0

12:30am USD FOMC Meeting Minutes 8:00am AUD Trade Balance -0.48B 1.12B -0.97B 1:30pm GBP Halifax HPI m/m 2.2% -0.3% -0.4% 3:00pm GBP Services PMI 55.3 53.5 53.8 6:15pm EUR Minimum Bid Rate 1.00% 1.00% 6:45pm ADP Non-Farm Employment Change 205K 216K 7:00pm EUR ECB Press Conference 8:30pm USD ISM Non-Manufacturing PMI 56.9 57.3

IMPORTANT DATA April, 0

6 2012

7:00pm USD Non-Farm Employment Change 207K 227K 7:00pm USD Unemployment Rate 8.3% 8.3%

IMPORTANT DATA April, 0

6:20am JPY Current Account 0.85T 0.66T 0.14T 8:00am CNY CPI y/y 3.6% 3.3% 3.2% 9:00pm CAD BOC Business Outlook Survey

9 2012

IMPORTANT DATA April,

10 2012 11 2012 12 2012

11:30am EUR German Trade Balance 14.2B 13.6B 12:15pm EUR French Industrial Production m/m 0.3% 0.2% 7:30pm USD Wholesale Inventories m/m 47.5 49.1 10:15pm USD FOMC Member Lockhart Speaks 0.4% 0.5%

IMPORTANT DATA April,

4:30am NZD NZIER Business Confidence 13 0 6:20am JPY Core Machinery Orders m/m 4.8% -0.7% 3.4% 7:00pm USD Import Prices m/m 0.8% 0.4% 9:00pm USD Crude Oil Inventories 2.1M 9.0M

IMPORTANT DATA April,

8:00am AUD Employment Change 44.0K 6.4K -15.4K 8:00am AUD Unemployment Rate 5.2% 5.3% 5.2% 7:00pm CAD Trade Balance 2.2B 2.1B 7:00pm USD PPI m/m 0.3% 0.4% 7:00pm USD Trade Balance -51.9B -52.6B 7:00pm USD Unemployment Claims 355K 357K 9:00pm USD Natural Gas Storage 22B 42B

IMPORTANT DATA April,

8:30am CNY GDP q/y 8.1% 8.4% 8.9% 3:00pm PPI Input m/m 1.2% 2.1% 7:00pm USD Core CPI m/m 0.2% 0.1%

13 2012

8:25pm USD Prelim UoM Consumer Sentiment 76.4 76.2 11:30pm USD Fed Chairman Bernanke Speaks

IMPORTANT DATA April,

16 2012 17 2012

7:00pm USD Core Retail Sales m/m 0.6% 0.9% 7:00pm USD Retail Sales m/m 0.4% 1.1% 7:30pm USD TIC Long Term Purchases 40.7B 101.0B

IMPORTANT DATA April,

8:00am AUD Monetary Policy Meeting Minutes 3:00pm GBP CPI y/y 3.5% 3.4% 3:30pm EUR German ZEW Economic Sentiment 19.7 22.3 7:00pm USD Building Permits 0.71M 0.72M 7:30pm CAD BOC Rate Statement 7:30pm CAD Overnight Rate 1.00% 1.00%

IMPORTANT DATA April,

18 2012

3:00pm GBP Claimant Count Change 6.6K 7.2K 3:00pm GBP MPC Meeting Minutes 0-0-9 0-0-9 9:00pm CAD BOC Monetary Policy Report 9:00pm USD Crude Oil Inventories 1.6M 2.8M 9:45pm CAD BOC Press Conference

IMPORTANT DATA April,

19 2012 20 2012

5:15am NZD CPI q/q 0.5% 0.6% -0.3% 7:00pm USD Unemployment Claims 370K 380K 8:30pm USD Philly Fed Manufacturing Index 12.1 12.5 9:00pm USD Natural Gas Storage 10B 8B

IMPORTANT DATA April,

2:30pm EUR German Ifo Business Climate 109.6 109.8 3:00pm GBP Retail Sales m/m 0.4% -0.8% 7:00pm CAD Core CPI m/m 0.3% 0.4%

IMPORTANT DATA April,

23 2012 24 2012

8:00am AUD PPI q/q -0.3% 0.5% 0.3% 9:00am CNY HSBC Flash Manufacturing PMI 7:00pm CAD Wholesales sales m/m -0.1% -1.0%

IMPORTANT DATA April,

8:00am AUD CPI q/q 0.1% 0.7% 0.0% 3:00pm GBP Public Sector Net Borrowing 15.0B 12.9B 7:00pm CAD Core Retail Sales m/m 0.6% -0.5% 8:30pm USD CB Consumer Confidence 69.9 70.2 8:30pm USD New Home Sales 321K 313K

IMPORTANT DATA April,

25 2012

2:00am CAD BOC Gov Carney Speaks 1:30pm EUR ECB President Draghi Speaks 3:00pm GBP Prelim GDP q/q 0.1% -0.3% 7:00pm USD Core Durable Goods Orders m/m 0.6% 1.8% 9:00pm USD Crude Oil Inventories 2.7M 3.9M 11:00pm USD FOMC Statement

IMPORTANT DATA April,

25 2012

12:30am USD FOMC Economic Projections 12:45am USD FOMC Press Conference 2:45am CAD BOC Gov Carney Speaks 3:30am NZD Official Cash Rate 2.50% 2.50% 2.50% 3:30am NZD RBNZ Rate Statement 7:00pm USD Unemployment Claims 374K 386K 9:00pm USD Natural Gas Storage 46B 25B

IMPORTANT DATA April,

26 2012

10:16am JPY Monetary Policy Statement 10:16am JPY Overnight Call Rate <0.10% <0.10% <0.10% 7:00pm USD Advance GDP q/q 2.6% 3.0%

IMPORTANT DATA April,

30 2012

7:30am NZD NBNZ Business Confidence 35.8 33.8 7:00pm CAD GDP m/m 0.2% 0.1%

IMPORTANT DATA May

, 01 2012

7:29am CNY Manufacturing PMI 11:00am AUD Cash Rate 3.75% 4.00% 4.25% 11:00am AUD RBA Rate Statement 3:00pm GBP Manufacturing PMI 51.4 52.1 8:30pm USD ISM Manufacturing PMI 53.0 53.4

IMPORTANT DATA May

, 02 2012 , 03 2012

1:45pm CHF Retail Sales y/y 1.2% 0.8% 3:00pm GBP Construction PMI 54.1 56.7 6:45pm USD ADP Non-Farm Employment Change 178K 209K 9:00pm USD Crude Oil Inventories 2.3M 4.0M

IMPORTANT DATA May

5:15am NZD Employment Change q/q 0.4% 0.5% 0.2% 5:15am NZD Unemployment Rate 6.7% 6.3% 6.4% 3:00pm GBP Services PMI 54.4 55.3 6:15pm EUR Minimum Bid Rate 1.00% 1.00% 7:00pm EUR ECB Press Conference 7:00pm USD Unemployment Claims 381K 388K 8:30pm USD ISM Non-manufacturing PMI 55.5 56.0

IMPORTANT DATA May

, 04 2012

8:00am AUD RBA Monetary Policy Statement 1:45pm CHF Retail Sales y/y 1.2% 0.8% 7:00pm USD Non-Farm Employment Change 173K 120K 7:00pm USD Unemployment Rate 8.2% 8.2% 8:30pm CAD Ivey PMI 62.6 63.5

IMPORTANT DATA May

, 07 2012

8:00am AUD Building Approvals m/m 7.4% 3.2% -8.8% 8:00am AUD Retail Sales m/m 0.9% 0.3% 0.3% 1:30pm CHF Foreign Currency Reserves 237.5B 1:45pm CHF CPI m/m 0.2% 0.6% 7:00pm CAD Building Permits m/m -0.5% 7.5%

IMPORTANT DATA May

, 08 2012 , 09 2012 , 10 2012

8:00am AUD Trade Balance -1.59B -1.38B -0.75B 4:00pm AUD Annual Budget Release

IMPORTANT DATA May

3:30am NZD RBNZ Financial Stability Report 9:00pm USD Crude Oil Inventories 2.0M 2.8M

IMPORTANT DATA May

6:20am JPY Current Account 0.79T 0.65T 0.86T 8:00am AUD Employment Change 15.5K -4.8K 37.6K 8:00am AUD Unemployment Rate 4.9% 5.3% 5.2% 9:30am CNY Trade Balance 18.4B 10.0B 5.4B 3:00pm GBP Manufacturing Production m/m 0.5% -1.0% 5:30pm GBP Asset Purchase Facility 325B 325B 5:30pm GBP Official Bank Rate 0.50% 0.50% Tentative GBP MPC Rate Statement 7:00pm CAD Trade Balance 0.7B 0.3B 7:00pm USD Trade Balance-49.8B -46.0B 7:00pm USD Unemployment Claims 371K 365K 7:00pm USD Import Prices m/m -0.1% 1.3%

8:00pm USD Fed Chairman Bernanke Speaks 9:00pm USD Natural Gas Storage 33B 28B

IMPORTANT DATA May

, 11 2012

8:00am CNY CPI y/y 3.4% 3.4% 3.6% 3:00pm GBP PPI Input m/m -0.9% 1.9% 7:00pm CAD Employment Change 10.1K 82.3K 7:00pm CAD Unemployment Rate 7.3% 7.2% 7:00pm USD PPI m/m 0.0% 0.0% 8:25pm USD Prelim UoM Consumer Sentiment 76.4 76.4

IMPORTANT DATA May

, 14 2012 , 15 2012

5:15am NZD Core Retail Sales q/q -2.5% 0.3% 2.3% 1:45pm CHF PPI m/m 0.4% 0.3% 3:30pm EUR Industrial Production m/m 0.5% 0.8%

IMPORTANT DATA May

8:00am AUD Monetary Policy Meeting Minutes 3:30pm EUR German ZEW Economic Sentiment 19.1 23.4 7:00pm USD Core CPI m/m 0.2% 0.2% 7:00pm USD Core Retail Sales m/m 0.3% 0.8% 7:00pm USD Retail Sales m/m 0.2% 0.8%

IMPORTANT DATA May

, 16 2012

3:00pm GBP Claimant Count Change 4.9K 3.6K 4:00pm GBP BOE Gov King Speaks 4:00pm GBP BOE Inflation Report 7:00pm USD Building Permits 0.73M 0.75M 9:00pm USD Crude Oil Inventories 1.5M 3.7M

IMPORTANT DATA May

, 17 2012

12:30am USD FOMC Meeting Minutes 5:15am NZD PPI Input q/q 0.3% 0.0% 0.5% 6:20am JPY Prelim GDP q/q 1.0% 0.9% 0.0% 7:00pm USD Unemployment Claims 368K 367K 8:30pm USD Philly Fed Manufacturing Index 10.3 8.5 9:00pm USD Natural Gas Storage 25B 30B

IMPORTANT DATA May

12:30pm EUR German PPI m/m 0.4% 0.6% 7:00pm CAD Core CPI m/m 0.2% 0.3% 7:00pm CAD CPI m/m 0.3% 0.4%

, 18 2012 , 21 2012 , 22 2012

IMPORTANT DATA May

5:31am GBP Right move HPI m/m 0.0% 2.9% 12:15pm CHF SECO Consumer Climate -15 -19 1:30pm GBP MPC Member Posen Speaks 3:45pm USD FOMC Member Lockhart Speaks

IMPORTANT DATA May

9:30am NZD Inflation Expectations q/q 2.4% 2.5% 3:00pm GBP CPI y/y 3.1% 3.5% 3:00pm GBP Public Sector net Borrowing -8.5B 15.9B Tentative GBP BOE Inflation Letter 8:30pm USD Existing Home Sales 4.62M 4.48M

IMPORTANT DATA May

, 23 2012

9:07am JPY Monetary Policy Statement 9:07am JPY Overnight Call Rate <0.10% <0.10% <0.10% Tentative JPY BOJ Press Conference 3:00pm GBP MPC Meeting Minutes 0-0-9 0-0-9 3:00pm GBP Retail Sales m/m -0.8% 1.8%

All Day EUR EU Economic Summit 7:00pm CAD Core Retail Sales m/m 0.5% 0.5% 8:30pm USD New Home Sales 335K 328K 9:00pm USD Crude Oil Inventories 0.8M 2.1M

IMPORTANT DATA May

, 24 2012

8:30am NZD Annual Budget Release 9:00am CNY HSBC Flash Manufacturing PMI 48.7 49.3 2:00pm EUR German Flash Manufacturing PMI 47.1 46.2 2:30pm EUR German Ifo Business Climate 109.4 109.9 3:00pm GBP Revised GDP q/q -0.2% -0.2% 7:00pm USD Core Durable Goods Orders m/m 1.1% -0.8% 7:00pm USD Unemployment Claims 372K 370K 7:30pm EUR ECB President Draghi Speaks 9:00pm USD Natural Gas Storage 77B 61B

IMPORTANT DATA May

, 25 2012

1:30am USD Treasury Sec Geithner Speaks 6:00am JPY Tokyo Core CPI y/y -0.8% -0.6% -0.5% 12:30pm EUR Gfk German Consumer Climate 5.7 5.6 1:45pm CHF Employment Level 4.05M 4.04M 8:25pm USD Revised UoM Consumer Sentiment 77.7 77.8

IMPORTANT DATA May

, 28 2012

5:40am AUD RBA Govt Stevens Speaks 6:20am JPY Monetary Policy Meeting Minutes 6:20am JPY CSPI y/y 0.2% -0.1% -0.2% 9:30pm GBP MPC Member Broadbent Speaks

IMPORTANT DATA May

, 29 2012

6:20am JPY Retail Sales y/y 5.8% 6.2% 10.3% 7:30am AUD HIA New Home Sales m/m 6.9% -9.4%

All Day EUR German Prelim CPI m/m -0.1% 0.2% 4:30pm GBP CBI Realized Sales -7 -6 7:30pm USD S&P/CS Composite-20 HPI y/y -2.7% -3.5% 8:30pm USD CB Consumer Confidence 69.8 69.2

IMPORTANT DATA May

, 30 2012 , 31 2012

8:00am AUD Retail sales m/m -0.2% 0.2% 1.1% Tentative EUR Italian 10-y Bond Auction 5.66|2.33 8:30pm USD Pending Home Sales m/m 0.0% 4.1% 10:00pm EUR ECB President Draghi Speaks

IMPORTANT DATA May

7:30am NZD NBNZ Business Confidence 27.1 35.8 8:00am AUD Building Approvals m/m -8.7% 0.3% 6.0% 8:00am AUD Private Capital Expenditure q/q 6.1% 4.1% -0.7% 6:45pm USD ADP Non-Farm Employment Change 145K 119K 7:00pm USD Prelim GDP q/q 1.9% 2.2% 7:00pm USD Unemployment Claims 369K 370K All day EUR Irish Stability Treaty Vote

IMPORTANT DATA June

, 01 2012

7:30am CNY Manufacturing PMI 50.4 52.1 53.3 1:45pm CHF Retail Sales y/y 3.6% 4.2% 3:00pm GBP Manufacturing PMI 49.7 50.5 7:00pm CAD GDP m/m 0.4% -0.2% 7:00pm USD Non-Farm Employment Change 151K 115K 7:00pm USD Unemployment Rate 8.1% 8.1% 8:30pm USD ISM Manufacturing PMI 54.0 54.8

IMPORTANT DATA June, 04

2012

8:00am AUD ANZ Job Advertisements m/m -2.4% -0.8% 8:00am AUD Company Operating Profits q/q -4.0% -2.1% -6.4% 10:00am JPY BOJ Gov Shirakawa Speaks

3:00pm EUR Sentix Investor Confidence -29.1 -24.5 8:30pm USD Factory Orders m/m 0.3% -1.9%

IMPORTANT DATA June, 05

2012

11:00am AUD Cash Rate 3.50% 3.75% 11:00am AUD RBA Rate Statement 7:00pm CAD Building Permits m/m -0.3% 4.7% 7:30pm CAD BOC Rate Statement 7:30pm CAD Overnight Rate 1.00% 1.00% 8:30pm USD ISM Non-Manufacturing PMI 53.6 53.5 All day ALL G7 Meetings

IMPORTANT DATA June, 06

8:00am AUD GDP q/q 1.3% 0.5% 0.6% 3:00pm GBP Construction PMI 54.5 55.8 6:15pm EUR Minimum Bid Rate 1.00% 1.00% 7:00pm EUR ECB Press Conference 9:00pm USD Crude Oil Inventories -1.1M 2.2M

2012

IMPORTANT DATA June, 07

2012

8:00am AUD Employment Change 38.9K -2.2K 7.0K 8:00am AUD Unemployment Rate 5.1% 5.1% 5.0% 1:30pm CHF Foreign Currency Reserves 235.6B 1:45pm CHF CPI m/m 0.1% 0.1% 3:00pm GBP Services PMI 52.6 53.3 5:30pm GBP Official Bank Rate 0.50% 0.50% Tentative GBP MPC Rate Statement 7:00pm USD Unemployment Claims 381K 383K 8:30pm CAD Ivey PMI 53.5 52.7 8:30pm USD Fed Chairman Bernanke Testifies

IMPORTANT DATA June, 08

6:20am JPY Current Account 0.29T 0.62T 0.79T 8:00am AUD Trade Balance -0.20B -0.92B -1.28B 10:00am AUD RBA Gov Stevens Speaks

2012

3:00pm GBP PPI Input m/m -1.2% -1.5% 7:00pm CAD Employment Change 10.0K 58.2K 7:00pm CAD Trade Balance 0.2B 0.4B 7:00pm CAD Unemployment Rate 7.3% 7.3% 7:00pm USD Trade Balance -49.4B -51.8B

IMPORTANT DATA June, 09

8:00am CNY CPI y/y 3.0% 3.2% 3.4% 8:00am CNY PPI y/y -1.4% -1.1% -0.7% 12:00pm CNY Industrial Production y/y 9.8% 9.3% 12:00pm CNY Retail Sales y/y 14.4% 14.1%

2012 2012 2012

IMPORTANT DATA June, 11

6:20am JPY BSI Manufacturing Index -5.7 -2.4 -7.3 1:15pm EUR French Industrial Production m/m 0.1% -0.9% 10:30pm USD FOMC Member Lockhart Speaks

IMPORTANT DATA June, 12

6:20am JPY Tertiary Industry Activity m/m -0.3% 0.4% -0.6% 6:20am JPY CBPI y/y -0.5% -0.3% -0.3% 8:00am AUD NAB Business Confidence -2 4 7:00pm USD Import Prices m/m -1.0% -0.5% 8:30pm GBP NIESR GDP Estimate 1.0%

IMPORTANT DATA June, 13

5:40am AUD RBA Gov Stevens Speaks 7:00pm USD Core Retail Sales m/m 0.1% 0.1% 7:00pm USD PPI m/m -0.6% -0.2% 7:00pm USD Retail Sales m/m -0.1% 0.1% 9:00pm USD Crude Oil Inventories -1.6M -0.1M

2012

IMPORTANT DATA June, 14

2012

3:30am NZD Official Cash Rate 3:30am NZD RBNZ Press Conference 3:30pm NZD RBNZ Rate Statement 2:00pm CHF Libor Rate <0.25% <0.25% 2:00pm CHF SNB Monetary Policy Assessment 7:00pm USD Core CPI m/m 0.2% 0.2% 7:00pm USD Unemployment Claims 377K 377K 9:00pm USD Natural Gas Storage 55B 62B

IMPORTANT DATA June, 15

2012

2:30am GBP BOE Gov King Speaks 9:22am JPY Monetary Policy Statement 9:22am JPY Overnight Call Rate <0.10% <0.10% <0.10% Tentative JPY BOJ Press Conference 1:20pm EUR ECB President Draghi Speaks 8:25pm USD Prelim UoM Consumer Sentiment 77.5 79.3

IMPORTANT DATA June, 18

5:31am GBP Rightmove HPI m/m 1.0% 0.0% 6:00pm GBP MPC Member Tucker Speaks Day 1 ALL G20 Meetings

2012 2012

IMPORTANT DATA June, 19

8:00am AUD Monetary Policy Meeting Minutes 3:00pm GBP CPI y/y 3.0% 3.0% 3:30pm EUR German Zew Economic Sentiment 3.8 10.8 7:00pm USD Building Permits 0.73M 0.72M Day 2 ALL G20 Meetings

IMPORTANT DATA June, 20

5:15am NZD Current Account -1.31B -1.31B -2.83B 3:00pm GBP Claimant Count Change -3.1K -13.7K

2012

3:00pm GBP MPC Meeting Minutes 0-0-9 0-0-9 11:00pm USD FOMC Statement

IMPORTANT DATA June, 21

2012

12:30am USD FOMC Economic Projections 5:15am NZD GDP q/q 1.1% 0.5% 0.4% 9:00am CNY HSBC Flash Manufacturing PMI 48.1 48.4 2:00pm EUR German Flash Manufacturing PMI 45.3 45.2 3:00pm GBP Retail Sales m/m 1.1% -2.3% 7:00pm CAD Core Retail Sales m/m 0.2% 0.1% 7:00pm USD Unemployment Claims 381K 386K 8:30pm USD Philly Fed Manufacturing Index 0.7 -5.8 9:00pm USD Natural Gas Storage 64B 67B

IMPORTANT DATA June, 22

2012 2012 2012 2012

2:30pm EUR German Ifo Business Climate 105.3 106.1 106.9 7:00pm CAD Core CPI m/m 0.2% 0.3% 0.4% 7:00pm CAD CPI m/m -0.1% 0.2% 0.4%

IMPORTANT DATA June, 25

8:30pm USD New Home Sales 347K 343K

IMPORTANT DATA June, 26

3:00pm GBP Public Sector Net Borrowing 13.6B -18.8B 3:30pm GBP Inflation Report Hearings 8:30pm USD CB Consumer Confidence 63.8 64.9

IMPORTANT DATA June, 27

7:00pm USD Core Durable Goods Orders m/m 0.9% -0.9% 8:30pm USD Pending Home Sales m/m 1.2% -5.5% 9:00pm USD Crude Oil Inventories -0.5M 2.9M

IMPORTANT DATA June, 28

7:30am NZD NBNZ Business Confidence 12.6 27.1 3:00pm GBP Current Account -8.9B -8.5B All Day EUR EU Economic Summit Tentative EUR Italian 10-y Bond Auction 6.03|1.4 7:00pm USD Unemployment Claims 385K 387K 9:00pm USD Natural Gas Storage 55B 62B

2012

IMPORTANT DATA June, 29

4:00pm GBP BOE Gov King Speaks 7:00pm CAD GDP m/m 0.2% 0.1%

2012

IMPORTANT DATA July, 2

1:45pm CHF Retail Sales y/y 2.1% 0.1% 3:00pm GBP Manufacturing PMI 46.6 45.9 8:30pm USD ISM Manufacturing PMI 52.1 53.5

2012 2012 2012 2012

IMPORTANT DATA July, 3

8:00am AUD Building Approvals m/m 27.3% 5.1% -7.6% 11:00am AUD Cash Rate 3.50% 3.50% 11:00am AUD RBA Rate Statement 3:00pm GBP Construction PMI 53.1 54.4

IMPORTANT DATA July, 4

8:00am AUD Retail Sales m/m 0.5% 0.3% 0.1% 3:00pm GBP Services PMI 52.9 53.3

IMPORTANT DATA July, 5

8:00am AUD Trade Balance -0.29B -0.51B -0.03B Tentative GBP MPC Rate Statement 7:00pm USD Unemployment Claims 385K 386K 9:30pm USD Crude Oil Inventories -1.6M -0.1M

IMPORTANT DATA July, 6

2012

1:30pm CHF Foreign Currency Reserves 303.8B 1:45pm CHF CPI m/m -0.3% 0.0% 3:00pm GBP PPI Input m/m -2.1% -2.5% 7:00pm CAD Building Permits m/m 0.7% -5.2% 7:00pm CAD Employment Change 5.1K 7.7K 7:00pm CAD Unemployment Rate 7.3% 7.3% 7:00pm USD Non-Farm Employment Change 97K 69K 7:00pm USD Unemployment Rate 8.2% 8.2% 8:30pm CAD Ivey PMI 55.4 60.5

IMPORTANT DATA July, 9

6:20am JPY Current Account 0.28T 0.42T 0.29T 8:00am CNY CPI y/y 2.2% 2.4% 3.0% 7:00pm EUR ECB President Draghi Speaks 9:00pm CAD BOC Business Outlook Survey 10:00pm GBP MPC Member Tucker Speaks

2012

IMPORTANT DATA July, 10

2012 2012

4:30am NZD NZIER Business Confidence -4 13 8:30am CNY Trade Balance 31.7B 22.6B 18.7B 3:00pm GBP Manufacturing Production m/m 0.1% -0.7%

IMPORTANT DATA July, 11

7:00pm CAD Trade Balance -0.5B -0.4B 7:00pm USD Trade Balance -48.5B -50.1B 9:00pm USD Crude Oil Inventories -1.3M -4.3M

IMPORTANT DATA July, 12

2012

12:30am USD FOMC Meeting Minutes 8:00am AUD Employment Change -27.0K 0.2K 27.8K 8:00am AUD Unemployment Rate 5.2% 5.2% 5.1% 10:21am JPY Monetary Policy Statement 10:21am JPY Overnight Call Rate <0.10% <0.10% <0.10% Tentative JPY BOJ Press Conference 7:00pm USD Unemployment Claims 376K 374K

IMPORTANT DATA July, 13

2012 2012 2012

8:30am CNY GDP q/y 7.6% 7.7% 8.1% Tentative EUR Italian 10-y Bond Auction 6.19|1.3 7:00pm USD PPI m/m -0.5% -1.0% 8:25pm USD Prelim UoM Consumer Sentiment 73.5 73.2

IMPORTANT DATA July, 16

7:00pm USD Core Retail Sales m/m 0.1% -0.4% 7:00pm USD Retail Sales m/m 0.1% -0.2%

IMPORTANT DATA July, 17

3:00pm GBP CPI y/y 2.8% 2.8% 3:30pm GBP BOE Gov King Speaks 7:30pm CAD Overnight Rate 1.00% 1.00% 7:45pm USD Industrial Production m/m 0.4% -0.1% 11:45pm USD FOMC Member Pianalto Speaks

IMPORTANT DATA July, 18

2012

3:00pm GBP Claimant Count Change 6.2K 8.1K 3:00pm GBP MPC Meeting Minutes 0-0-9 0-0-9 7:00pm USD Building Permits 0.77M 0.78M 8:30pm USD Fed Chairman Bernanke Testifies 9:00pm CAD BOC Monetary Policy Report 9:00pm USD Crude Oil Inventories 0.5M -4.7M 9:45pm CAD BOC Press Conference

IMPORTANT DATA July, 19

12:30pm CHF Trade Balance 2.21B 2.48B 3:00pm GBP Retail Sales m/m 0.6% 1.4% 7:00pm USD Unemployment Claims 367K 350K 9:00pm USD Natural Gas Storage 34B 33B

2012