JP Tankan Large Manufacturing Outlook

Location: Japan

Date: 30/09/2014

Time: FXstr

Strength: 2/3

Previous: 15 / Consensus: 12

Notes: The Tankan large Manufacturing Outlook released by the Bank of Japan shows forecasts of the growth in the Manufacturing sector for the next quarter. It is considered as an indicator of future business expectations. A high reading is seen as positive (or bullish) for the JPY, while a low reading is seen as negative (or bearish).

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JP Tankan Large Manufacturing Index

Location: Japan

Date: 30/09/2014

Time: FXstr

Strength: 2/3

Previous: 12 / Consensus: 10

Notes: The Tankan Large Manufacturing Index released by the Bank of Japan presents overall business conditions of the large manufacturing companies in Japan. It is an indicator of the Japanese economy as Japan heavily relies on the manufacturing industry that leads growth for the export-oriented economy. A result above the 0 level ( Zero is the centerline) is seen as positive (or bullish) for the JPY, whereas a result below 0 is seen as negative (or bearish).

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JP Tankan Large All Industry Capex

Location: Japan

Date: 30/09/2014

Time: FXstr

Strength: 2/3

Previous: 7.4% / Consensus: 7.2%

Notes: The Tankan Large All Industry Capital Expenditure released by the Bank of Japan measures capital expenditure (capex) of all the Japanese industries except the financial industry. The Capex is considered as an early indicator of productively growth. A high reading is seen as positive (or bullish) for the JPY, while a low reading is seen as negative (or bearish).

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AU AiG Performance of Mfg Index

Location: Australia

Date: 30/09/2014

Time: FXstr

Strength: 2/3

Previous: 47.3

Notes: AiG performance of the Mfg Index released by the Australian Industry Group presents business conditions in the Australian manufacturing sector. The group surveys 200 manufacturers on their assessment of the business situation including employment, production, orders, prices, and inventories, and their short-term planning. A result above 50 is seen as positive (or bullish) for the AUD, whereas a result below 50 is seen as negative (or bearish).

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Key findings of the Investment Trends 2014 Australia CFD Report:

- Contrary to the global trend, the Australian CFD market grew in trader numbers despite low volatility in 2014
- Usage of mobile trading surged among frequent traders
- Overall satisfaction eased at an industry level but remains high
- IG's improved mobile trading, CMC Markets' platform upgrades and City Index' new platform were all positively received by clients

Contrary to the global trend, the Australian CFD market grew in trader numbers despite low volatility in 2014

The number of CFD traders in most of the countries studied by Investment Trends fell in the previous 12 months but the Australian CFD market bucked this trend. Against a backdrop of lukewarm investor sentiment and low volatility levels trader numbers increased slightly to 42,000 people who traded CFDs at least once in the 12 months to June 2014. The inflows of dormant traders who resumed trading in the last 12 months continued to track upwards reaching a high of 10,000 (up from 9,000), whilst 8,000 new traders joined in the 12 months to June 2014 (downfrom 9,000). 17,000 CFD traders stopped trading in the 12 months to June 2014 (down from 21,000).

The Investment Trends 2014 Australia CFD Report is an in-depth study of Australian CFD traders' attitudes and investing habits, based on a survey of 12,398 investors conducted between 28 April and 22 June 2014.

The number of CFD traders increased by 2% to 42,000 (from 41,000) current CFD traders. Compared to the other countries examined by Investment Trends, the Australian CFD market performed well with the UK spread betting, UK CFDs, France CFDs and Singapore CFDs all reporting losses in trader numbers.

Usage of mobile trading surged among frequent traders

Adoption of mobile trading increased slightly in Australia with 72% (up 2% pts) of current CFD traders using a mobile platform in relation to trading. This is a moderate level among the countries examined by Investment Trends, behind Singapore CFDs (82%), UK CFDs (73%) and UK spreadbetting (72%).

Usage of mobile trading surged among frequent traders (30+ trades per month) with 33% of frequent traders using a smartphone/tablet as their main means of CFD trading, more than doubling from 15% last year. Frequent traders were also more likely to use a mobile platform with 78% (up 5% pts) of frequent traders using a mobile platform in relation to trading. A more modest gain was observed among mainstream traders, with 17% now predominantly trading via a mobileapp, up from 15%.

IG currently has the highest rated mobile app, while FXCM had the largest improvement in mobile trading (now ranking 2nd, up from 4th).

Overall satisfaction eased at an industry level but remains high

After eight years of increasing trader satisfaction at an industry level, satisfaction eased in the last 12 months but remains high. At an industry level, the composite satisfaction score^ of overall satisfaction decreased 2% pts to 70%.

CFD traders assessed their main provider overall and across 16 areas including functionality, price and service. FP Markets leads on overall satisfaction followed by FXCM and CMC Markets.

IG's improved mobile trading platform, CMC Markets' platform upgrades and City Index' new platform were positively received by clients

Individual providers are constantly improving their offering to their clients. We asked current CFD traders what they perceived as the most useful innovations introduced in the last 12 months from their main provider. IG's improvements to both their Apple and Android trading platforms have been well received by many of their clients. CMC Markets' platform upgrades were also well received with clients liking the new pattern recognition tools, portfolio mixer and mobile platform.City Index recently launched their new Advantage Trader platform which was also well received.

About the report

The results are drawn from the Investment Trends 2014 Australia CFD Report, based on an in- depth study of 12,398 Australian investors from 28 April to 22 June 2014. This is the largest known study of online retail investors in Australia.

About Investment Trends

Investment Trends is the leading researcher in the retail Online Broking, CFD and forex markets globally. We combine our analytical rigour and strategic thinking with the most advanced research and statistical techniques to help our clients gain competitive advantage.

We have over 10 years experience in researching the Australian retail wealth management and global broking markets from which we provide new insights and decision making support to over 200 leading financial service businesses globally.

Investment Trends' clients include a number of global banking organisations, all major CFD providers and online brokers as well as industry regulators, investment platform providers, industry associations and financial planning software providers.

US Consumer Confidence

Location: United States

Date: 30/09/2014

Time: 15:00

Strength: 3/3

Previous: 92.4

Notes: The Conference Board's Consumer Confidence captures the level of confidence that individuals have in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Generally, a high reading is also positive for the USD, while a low reading is negative.

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US Consumer Confidence

Location: United States

Date: 30/09/2014

Time: 15:00

Strength: 3/3

Previous: 92.4

Notes: The Conference Board's Consumer Confidence captures the level of confidence that individuals have in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Generally, a high reading is also positive for the USD, while a low reading is negative.

#END

US Chicago Purchasing Managers' Index

Location: United States

Date: 30/09/2014

Time: 14:45

Strength: 2/3

Previous: 64.3

Notes: The Chicago Purchasing Managers Index released by Kingsbury International captures business conditions across Illinois, Indiana and Michigan. This index is an indicator of business trends and it is interrelated with the ISM manufacturing Index. It is widely used to indicate the overall economic condition in US. A result above 50 is bullish for the USD, whereas a result below 50 is seen as bearish.

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US Chicago Purchasing Managers' Index

Location: United States

Date: 30/09/2014

Time: 14:45

Strength: 2/3

Previous: 64.3

Notes: The Chicago Purchasing Managers Index released by Kingsbury International captures business conditions across Illinois, Indiana and Michigan. This index is an indicator of business trends and it is interrelated with the ISM manufacturing Index. It is widely used to indicate the overall economic condition in US. A result above 50 is bullish for the USD, whereas a result below 50 is seen as bearish.

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CA Gross Domestic Product (MoM)

Location: Canada

Date: 30/09/2014

Time: 13:30

Strength: 2/3

Previous: 0.3%

Notes: The Gross Domestic Product released by the Statistics Canada is a measure of the total value of all goods and services produced by Canada. The GDP is considered as a broad measure of Canadian economic activity and health. Generally speaking, a rising trend has a positive effect on the CAD, while a falling trend is seen as negative (or bearish) for the CAD.

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CA Gross Domestic Product (MoM)

Location: Canada

Date: 30/09/2014

Time: 13:30

Strength: 2/3

Previous: 0.3%

Notes: The Gross Domestic Product released by the Statistics Canada is a measure of the total value of all goods and services produced by Canada. The GDP is considered as a broad measure of Canadian economic activity and health. Generally speaking, a rising trend has a positive effect on the CAD, while a falling trend is seen as negative (or bearish) for the CAD.

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EMU Consumer Price Index (YoY)

Location: European Monetary Union

Date: 30/09/2014

Time: 10:00

Strength: 3/3

Previous: 0.3%

Notes: The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. Generally, a high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).

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EMU Consumer Price Index - Core (YoY)

Location: European Monetary Union

Date: 30/09/2014

Time: 10:00

Strength: 3/3

Previous: 0.9%

Notes: The core Consumer Price Index released by Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food, energy, alcohol and tobacco. The core CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive or bullish for the EUR, while a low reading is seen as negative.

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EMU Unemployment Rate

Location: European Monetary Union

Date: 30/09/2014

Time: 10:00

Strength: 2/3

Previous: 11.5%

Notes: The Unemployment Rate released by the Eurostat is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the European Economy. If the rate is up, it indicates a lack of expansion within the European lobar market. As a result, a rise leads to weaken the European economy. Generally speaking, a decrease of the figure is seen as positive (or bullish) for the EUR, while an increase is seen as negative (or bearish).

#END

EMU Unemployment Rate

Location: European Monetary Union

Date: 30/09/2014

Time: 10:00

Strength: 2/3

Previous: 11.5%

Notes: The Unemployment Rate released by the Eurostat is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the European Economy. If the rate is up, it indicates a lack of expansion within the European lobar market. As a result, a rise leads to weaken the European economy. Generally speaking, a decrease of the figure is seen as positive (or bullish) for the EUR, while an increase is seen as negative (or bearish).

#END

EMU Consumer Price Index - Core (YoY)

Location: European Monetary Union

Date: 30/09/2014

Time: 10:00

Strength: 3/3

Previous: 0.9%

Notes: The core Consumer Price Index released by Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food, energy, alcohol and tobacco. The core CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive or bullish for the EUR, while a low reading is seen as negative.

#END

EMU Consumer Price Index (YoY)

Location: European Monetary Union

Date: 30/09/2014

Time: 10:00

Strength: 3/3

Previous: 0.3%

Notes: The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. Generally, a high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).

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UK Gross Domestic Product (QoQ)

Location: United Kingdom

Date: 30/09/2014

Time: 09:30

Strength: 3/3

Previous: 0.8%

Notes: The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).

#END

UK Gross Domestic Product (YoY)

Location: United Kingdom

Date: 30/09/2014

Time: 09:30

Strength: 3/3

Previous: 3%

Notes: The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).

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UK Gross Domestic Product (QoQ)

Location: United Kingdom

Date: 30/09/2014

Time: 09:30

Strength: 3/3

Previous: 0.8%

Notes: The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).

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UK Current Account

Location: United Kingdom

Date: 30/09/2014

Time: 09:30

Strength: 2/3

Previous: -£18.495B

Notes: The Current Account released by the National Statistics is a net flow of current transactions, including goods, services, and interest payments into and out of the UK. A current account surplus indicates that the flow of capital into the UK exceeds the capital reduction. A high reading is seen as positive (or Bullish) for the GBP, whereas a low reading is seen as negative (or Bearish).

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UK Gross Domestic Product (YoY)

Location: United Kingdom

Date: 30/09/2014

Time: 09:30

Strength: 3/3

Previous: 3%

Notes: The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).

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UK Total Business Investment (YoY)

Location: United Kingdom

Date: 30/09/2014

Time: 09:30

Strength: 2/3

Previous: 10.6%

Notes: The Total Business Investment released by the National Statistics presents the total amount of capital expenditures made by private firms. A large business investment is indicative of overall growth and demand in the UK economy. Generally speaking, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

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UK Current Account

Location: United Kingdom

Date: 30/09/2014

Time: 09:30

Strength: 2/3

Previous: -��18.495B

Notes: The Current Account released by the National Statistics is a net flow of current transactions, including goods, services, and interest payments into and out of the UK. A current account surplus indicates that the flow of capital into the UK exceeds the capital reduction. A high reading is seen as positive (or Bullish) for the GBP, whereas a low reading is seen as negative (or Bearish).

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UK Total Business Investment (YoY)

Location: United Kingdom

Date: 30/09/2014

Time: 09:30

Strength: 2/3

Previous: 10.6%

Notes: The Total Business Investment released by the National Statistics presents the total amount of capital expenditures made by private firms. A large business investment is indicative of overall growth and demand in the UK economy. Generally speaking, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

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IT Unemployment

Location: Italy

Date: 30/09/2014

Time: 09:00

Strength: 2/3

Previous: 12.6% / Consensus: 12.6%

Notes: The Unemployment Rate released by the National Institute of Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Italian economy. If the rate is up, it indicates a lack of expansion within the Italian labor market. As a result, a rise leads to weakening in the economy. Normally, a decrease in the figure is seen as positive (or bullish) for the Euro, while an increase is seen as negative (or bearish).

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DE Unemployment Rate s.a.

Location: Germany

Date: 30/09/2014

Time: 08:55

Strength: 3/3

Previous: 6.7%

Notes: The Unemployment Rate released by the Bundesagentur fà 1/4 r Arbeit and published by the German Statistics Office shows, in a percent basis, the amount of unemployed people in Germany, using seasonally adjusted data. A decrease in this indicator has positive implications for consumer spending which stimulates economic growth. Normally, a decrease of the figure is bullish for the EUR, while an increase is bearish.

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DE Unemployment Rate s.a.

Location: Germany

Date: 30/09/2014

Time: 08:55

Strength: 3/3

Previous: 6.7%

Notes: The Unemployment Rate released by the Bundesagentur f��r Arbeit and published by the German Statistics Office shows, in a percent basis, the amount of unemployed people in Germany, using seasonally adjusted data. A decrease in this indicator has positive implications for consumer spending which stimulates economic growth. Normally, a decrease of the figure is bullish for the EUR, while an increase is bearish.

#END

DE Unemployment Change

Location: Germany

Date: 30/09/2014

Time: 08:55

Strength: 3/3

Previous: 1K

Notes: The Unemployment Change released by the Bundesagentur fà 1/4 r Arbeit and published by the German Statistics Office is a measure of the absolute change in the number of unemployed people in Germany using seasonally adjusted data. A rise in this indicator has negative implications for consumer spending, as thereâ s less people working and therefore diminishes economic growth in the country. Generally, a reading above expected is seen as negative (or bearish) for the EUR, while a low reading is seen as positive (or bullish).

#END

DE Unemployment Change

Location: Germany

Date: 30/09/2014

Time: 08:55

Strength: 3/3

Previous: 1K

Notes: The Unemployment Change released by the Bundesagentur f��r Arbeit and published by the German Statistics Office is a measure of the absolute change in the number of unemployed people in Germany using seasonally adjusted data. A rise in this indicator has negative implications for consumer spending, as there���s less people working and therefore diminishes economic growth in the country. Generally, a reading above expected is seen as negative (or bearish) for the EUR, while a low reading is seen as positive (or bullish).

#END

DE Retail Sales (YoY)

Location: Germany

Date: 30/09/2014

Time: 07:00

Strength: 2/3

Previous: 0.7%

Notes: The Retail Sales released by the Statistisches Bundesamt Deutschland is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales.The changes are widely followed as an indicator of consumer spending. The positive economic growth anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.

#END

DE Retail Sales (MoM)

Location: Germany

Date: 30/09/2014

Time: 07:00

Strength: 2/3

Previous: -1.4%

Notes: The Retail Sales released by the Statistisches Bundesamt Deutschland is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales.The changes are widely followed as an indicator of consumer spending. The positive economic growth usually anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.

#END

DE Retail Sales (YoY)

Location: Germany

Date: 30/09/2014

Time: 07:00

Strength: 2/3

Previous: 0.7%

Notes: The Retail Sales released by the Statistisches Bundesamt Deutschland is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales.The changes are widely followed as an indicator of consumer spending. The positive economic growth anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.

#END

DE Retail Sales (MoM)

Location: Germany

Date: 30/09/2014

Time: 07:00

Strength: 2/3

Previous: -1.4%

Notes: The Retail Sales released by the Statistisches Bundesamt Deutschland is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales.The changes are widely followed as an indicator of consumer spending. The positive economic growth usually anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.

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JP Housing Starts (YoY)

Location: Japan

Date: 30/09/2014

Time: 06:00

Strength: 2/3

Previous: -14.1%

Notes: The Housing Starts released by the Ministry of Land, Infrastructure and Transport captures how many new single-family homes or buildings were constructed. It shows the strength of the Japanese housing market, which can be considered as the economy as a whole due to Housing Starts' sensitivity to changes in the business cycle. generally speaking, a high reading is seen as positive, or bullish for the JPY, while a low reading is seen as negative, or bearish.

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JP Housing Starts (YoY)

Location: Japan

Date: 30/09/2014

Time: 06:00

Strength: 2/3

Previous: -14.1%

Notes: The Housing Starts released by the Ministry of Land, Infrastructure and Transport captures how many new single-family homes or buildings were constructed. It shows the strength of the Japanese housing market, which can be considered as the economy as a whole due to Housing Starts' sensitivity to changes in the business cycle. generally speaking, a high reading is seen as positive, or bullish for the JPY, while a low reading is seen as negative, or bearish.

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JP Overall Household Spending (YoY)

Location: Japan

Date: 29/09/2014

Time: 00:30

Strength: 2/3

Previous: -5.9% / Consensus: -3.8%

Notes: The Overall Household Spending released by the Ministry of Internal Affairs and Communications is an indicator that measures the total expenditure by households. The level of spending can be used as an indicator of consumer optimism. It is also considered as a measure of economic growth. A high reading is positive (or Bullish) for the JPY, while a low reading is negative (or bearish).

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JP Unemployment Rate

Location: Japan

Date: 29/09/2014

Time: 00:30

Strength: 2/3

Previous: 3.8% / Consensus: 3.8%

Notes: The Unemployment Rate which comes from the Ministry of Health, Labour and Welfare and it's published by the Japan Statistics Bureau, is a measure of the percentage of unemployed in Japan. A high percentage indicates weakness in the labor market which influences the strength and direction of the Japanese economy. Therefore, a low percentage should be taken as positive or bullish for the JPY.

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JP Industrial Production (YoY)

Location: Japan

Date: 29/09/2014

Time: 00:50

Strength: 2/3

Previous: -0.7%

Notes: The Industrial Production released by the Ministry of Economy, Trade and Industry measures outputs of the Japanese factories and mines. Changes in industrial production are widely followed as a major indicator of strength in the manufacturing sector. A high reading is seen as bullish for the JPY, whereas a low reading is seen as bearish.

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JP Retail Trade (YoY)

Location: Japan

Date: 29/09/2014

Time: 00:50

Strength: 2/3

Previous: 0.5% / Consensus: 0.3%

Notes: The Retail Trade released by the Ministry of Economy, Trade and Industry captures the aggregate sales made through a business location (usually a store) in which the principal activity is the sale of merchandise and related services to the general public, for household or personal consumption. Consumer spending is a key important indicator for the Japanese economy. A high reading is positive for the JPY, while a low reading is negative.

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JP Large Retailer's Sales

Location: Japan

Date: 29/09/2014

Time: 00:50

Strength: 2/3

Previous: -0.6%

Notes: The Large Retailers' Sales released by the Ministry of Economy, Trade and Industry captures the total value of goods sold in large stores, chain convenience stores, and supermarkets. It indicates the level of consumption and consumer confidence. A high level of Large Retailers�� Sales stimulates economic expansion while a low level drives to economic downturn. A high reading is positive for the JPY, while a low reading is bearish.

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JP Tankan Non - Manufacturing Index

Location: Japan

Date: 29/09/2014

Time: 00:50

Strength: 2/3

Previous: 19

Notes: The Tankan Non-Manufacturing Index released by the Bank of Japan presents overall conditions of the service industry in Japan. It is an indicator for both the growth of domestic demand and the health of the non-export sector. A result above the 0 level is seen as positive (or bullish) for the JPY, whereas a result below 0 is seen as negative (or bearish).

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JP Tankan Large Manufacturing Index

Location: Japan

Date: 29/09/2014

Time: 00:50

Strength: 2/3

Previous: 12

Notes: The Tankan Large Manufacturing Index released by the Bank of Japan presents overall business conditions of the large manufacturing companies in Japan. It is an indicator of the Japanese economy as Japan heavily relies on the manufacturing industry that leads growth for the export-oriented economy. A result above the 0 level ( Zero is the centerline) is seen as positive (or bullish) for the JPY, whereas a result below 0 is seen as negative (or bearish).

#END

JP Tankan Non - Manufacturing Outlook

Location: Japan

Date: 29/09/2014

Time: 00:50

Strength: 2/3

Previous: 19

Notes: The TanKan Non-manufacturing Outlook released by the Bank of Japan shows forecasts of the growth in the Non-Manufacturing sector in the next quarter. It is considered as an indicator of future business expectations. A high reading is seen as positive (or bullish) for the JPY, while a low reading is seen as negative (or bearish).

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JP Tankan Large All Industry Capex

Location: Japan

Date: 29/09/2014

Time: 00:50

Strength: 2/3

Previous: 7.4%

Notes: The Tankan Large All Industry Capital Expenditure released by the Bank of Japan measures capital expenditure (capex) of all the Japanese industries except the financial industry. The Capex is considered as an early indicator of productively growth. A high reading is seen as positive (or bullish) for the JPY, while a low reading is seen as negative (or bearish).

#END

JP Tankan Large Manufacturing Outlook

Location: Japan

Date: 29/09/2014

Time: 00:50

Strength: 2/3

Previous: 15

Notes: The Tankan large Manufacturing Outlook released by the Bank of Japan shows forecasts of the growth in the Manufacturing sector for the next quarter. It is considered as an indicator of future business expectations. A high reading is seen as positive (or bullish) for the JPY, while a low reading is seen as negative (or bearish).

#END

AU AiG Performance of Mfg Index

Location: Australia

Date: 29/09/2014

Time: 00:30

Strength: 2/3

Previous: 47.3

Notes: AiG performance of the Mfg Index released by the Australian Industry Group presents business conditions in the Australian manufacturing sector. The group surveys 200 manufacturers on their assessment of the business situation including employment, production, orders, prices, and inventories, and their short-term planning. A result above 50 is seen as positive (or bullish) for the AUD, whereas a result below 50 is seen as negative (or bearish).

#END

JP Jobs/applicants ratio

Location: Japan

Date: 29/09/2014

Time: 00:30

Strength: 2/3

Previous: 1.1 / Consensus: 1.1

Notes: The ratio released by the Japan Institute of Labour, is obtained by dividing monthly active job openings by monthly active applications.

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UK Gfk Consumer Confidence

Location: United Kingdom

Date: 29/09/2014

Time: 00:05

Strength: 2/3

Previous: 1 / Consensus: 0

Notes: The GfK Group Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Normally, a high reading is positive for the GBP, while a low reading is bearish.

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US Personal Spending

Location: United States

Date: 29/09/2014

Time: 13:30

Strength: 2/3

Previous: -0.2%

Notes: Personal spending, released by Bureau of Economic Analysis, Department of Commerce, measures purchases of goods and services by households and by nonprofit institutions that serve households from private business.

#END

US Pending Home Sales (YoY)

Location: United States

Date: 29/09/2014

Time: 15:00

Strength: 2/3

Previous: -2.1%

Notes: The Pending Home Sales released by the National Association of Realtors is a leading indicator of trends of the housing market in the US It captures residential housing contract activity of existing single-family homes. As the housing market is considered as a sensitive factor to the US economy, it generates some

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US Pending Home Sales (MoM)

Location: United States

Date: 29/09/2014

Time: 15:00

Strength: 2/3

Previous: 3.3%

Notes: The Pending Home Sales released by the National Association of Realtors is a leading indicator of trends of the housing market in the US It captures residential housing contract activity of existing single-family homes. As the housing market is considered as a sensitive factor to the US economy, it generates some

#END

US Pending Home Sales (MoM)

Location: United States

Date: 29/09/2014

Time: 15:00

Strength: 2/3

Previous: 3.3%

Notes: The Pending Home Sales released by the National Association of Realtors is a leading indicator of trends of the housing market in the US It captures residential housing contract activity of existing single-family homes. As the housing market is considered as a sensitive factor to the US economy, it generates some

#END

US Pending Home Sales (YoY)

Location: United States

Date: 29/09/2014

Time: 15:00

Strength: 2/3

Previous: -2.1%

Notes: The Pending Home Sales released by the National Association of Realtors is a leading indicator of trends of the housing market in the US It captures residential housing contract activity of existing single-family homes. As the housing market is considered as a sensitive factor to the US economy, it generates some

#END

US Personal Spending

Location: United States

Date: 29/09/2014

Time: 13:30

Strength: 2/3

Previous: -0.2%

Notes: Personal spending, released by Bureau of Economic Analysis, Department of Commerce, measures purchases of goods and services by households and by nonprofit institutions that serve households from private business.

#END

US Personal Income (MoM)

Location: United States

Date: 29/09/2014

Time: 13:30

Strength: 2/3

Previous: 0.2%

Notes: The Personal Income released by the Bureau of Economic Analysis, Department of Commerce measures the total income received by individuals, from all sources including wages and salaries, interest, dividends, rent, workers' compensation, proprietors' earnings, and transfer payments. This figure can provide insight on the US employment situation. A high reading is positive for the USD, whereas a low reading is negative.

#END

US Personal Income (MoM)

Location: United States

Date: 29/09/2014

Time: 13:30

Strength: 2/3

Previous: 0.2%

Notes: The Personal Income released by the Bureau of Economic Analysis, Department of Commerce measures the total income received by individuals, from all sources including wages and salaries, interest, dividends, rent, workers' compensation, proprietors' earnings, and transfer payments. This figure can provide insight on the US employment situation. A high reading is positive for the USD, whereas a low reading is negative.

#END

DE Consumer Price Index (YoY)

Location: Germany

Date: 29/09/2014

Time: 13:00

Strength: 2/3

Previous: 0.8%

Notes: The Germany consumer price index released by the Statistiches Bundesamt Deutschland measures the average price change for all goods and services purchased by households for consumption purposes. CPI is the main indicator to measure inflation and changes i

#END

DE Consumer Price Index (MoM)

Location: Germany

Date: 29/09/2014

Time: 13:00

Strength: 2/3

Previous: 0%

Notes: The Germany consumer price index released by the Statistiches Bundesamt Deutschland measures the average price change for all goods and services purchased by households for consumption purposes. CPI is the main indicator to measure inflation and changes i

#END

DE Harmonised Index of Consumer Prices (YoY)

Location: Germany

Date: 29/09/2014

Time: 13:00

Strength: 2/3

Previous: 0.8%

Notes: HICP is an index of consumer prices calculated and published by Destatis, the Statistical Office of the European Union, on the basis of a statistical methodology that has been harmonised across all EU member states. HICP is a measure of prices used by Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.

#END

DE Harmonised Index of Consumer Prices (MoM)

Location: Germany

Date: 29/09/2014

Time: 13:00

Strength: 2/3

Previous: 0%

Notes: HICP is an index of consumer prices calculated and published by Destatis, the Statistical Office of the European Union, on the basis of a statistical methodology that has been harmonised across all EU member states. HICP is a measure of prices used by Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.

#END

UK Net Lending to Individuals (MoM)

Location: United Kingdom

Date: 29/09/2014

Time: 09:30

Strength: 2/3

Previous: ��3.4B

Notes: UK Net Lending to Individuals released by the Bank of England is a monthly measure of growth rates, amounts outstanding and changes in total lending to individuals, divided into lending secured on dwellings and consumer credit. It shows a picture of whether or not consumers are willing to spend money. A high reading is positive for the GBP, while a low reading is negative.

#END

UK Mortgage Approvals

Location: United Kingdom

Date: 29/09/2014

Time: 09:30

Strength: 2/3

Previous: 66.569K / Consensus: 65.000K

Notes: The Mortgage Approvals released by the Bank of England presents the number of various Mortgage Approvals. It is considered as a leading indicator of the U.K. Housing Market. A Mortgage growth represents a healthy housing market that stimulates the overall U.K. economy. Generally, a high reading is seen as positive ( or bullish ) for the GBP, while a low reading is seen as negative (or bearish )

#END

UK Consumer Credit

Location: United Kingdom

Date: 29/09/2014

Time: 09:30

Strength: 2/3

Previous: ��1.1B / Consensus: ��0.9B

Notes: The Consumer Credit released by the Bank of England is an amount of money that individuals borrowed in the previous month. It shows if consumers can afford large expenses, which can fuel economic growth. However, a high figure may also indicate that the economy is overheating, as consumers borrow in order to live beyond their means. A high reading is seen as positive for the GBP, whereas a low reading is seen as negative.

#END

JP Retail Trade s.a (MoM)

Location: Japan

Date: 29/09/2014

Time: 00:50

Strength: 2/3

Previous: -0.5%

Notes: The Retail Trade released by the Ministry of Economy, Trade and Industry captures the aggregate sales made through a business location (usually a store) in which the principal activity is the sale of merchandise and related services to the general public, for household or personal consumption. Consumer spending is a key important indicator for the Japanese economy. A high reading is positive for the JPY, while a low reading is negative.

#END

JP Industrial Production (YoY)

Location: Japan

Date: 29/09/2014

Time: 00:50

Strength: 2/3

Previous: -0.7%

Notes: The Industrial Production released by the Ministry of Economy, Trade and Industry measures outputs of the Japanese factories and mines. Changes in industrial production are widely followed as a major indicator of strength in the manufacturing sector. A high reading is seen as bullish for the JPY, whereas a low reading is seen as bearish.

#END

JP Large Retailer's Sales

Location: Japan

Date: 29/09/2014

Time: 00:50

Strength: 2/3

Previous: -0.6%

Notes: The Large Retailers' Sales released by the Ministry of Economy, Trade and Industry captures the total value of goods sold in large stores, chain convenience stores, and supermarkets. It indicates the level of consumption and consumer confidence. A high level of Large Retailers´ Sales stimulates economic expansion while a low level drives to economic downturn. A high reading is positive for the JPY, while a low reading is bearish.

#END

JP Retail Trade (YoY)

Location: Japan

Date: 29/09/2014

Time: 00:50

Strength: 2/3

Previous: 0.5%

Notes: The Retail Trade released by the Ministry of Economy, Trade and Industry captures the aggregate sales made through a business location (usually a store) in which the principal activity is the sale of merchandise and related services to the general public, for household or personal consumption. Consumer spending is a key important indicator for the Japanese economy. A high reading is positive for the JPY, while a low reading is negative.

#END

JP National Consumer Price Index (YoY)

Location: Japan

Date: 29/09/2014

Time: 00:30

Strength: 3/3

Previous: 3.4%

Notes: The National Consumer Price Index is released by the Statistics Bureau and it's a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive for the JPY.

#END

JP National CPI Ex-Fresh Food (YoY)

Location: Japan

Date: 29/09/2014

Time: 00:30

Strength: 2/3

Previous: 3.3%

Notes: The National Consumer Price Index is released by the Statistics Bureau and it's a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services excluding fresh food. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive for the JPY.

#END

JP Jobs/applicants ratio

Location: Japan

Date: 29/09/2014

Time: 00:30

Strength: 2/3

Previous: 1.1

Notes: The ratio released by the Japan Institute of Labour, is obtained by dividing monthly active job openings by monthly active applications.

#END

JP Overall Household Spending (YoY)

Location: Japan

Date: 29/09/2014

Time: 00:30

Strength: 2/3

Previous: -5.9%

Notes: The Overall Household Spending released by the Ministry of Internal Affairs and Communications is an indicator that measures the total expenditure by households. The level of spending can be used as an indicator of consumer optimism. It is also considered as a measure of economic growth. A high reading is positive (or Bullish) for the JPY, while a low reading is negative (or bearish).

#END

JP Unemployment Rate

Location: Japan

Date: 29/09/2014

Time: 00:30

Strength: 3/3

Previous: 3.8%

Notes: The Unemployment Rate which comes from the Ministry of Health, Labour and Welfare and it's published by the Japan Statistics Bureau, is a measure of the percentage of unemployed in Japan. A high percentage indicates weakness in the labor market which influences the strength and direction of the Japanese economy. Therefore, a low percentage should be taken as positive or bullish for the JPY.

#END

UK Gfk Consumer Confidence

Location: United Kingdom

Date: 29/09/2014

Time: 00:05

Strength: 2/3

Previous: 1

Notes: The GfK Group Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Normally, a high reading is positive for the GBP, while a low reading is bearish.

#END

US Former Fed's Bernanke speech

Location: United States

Date: 29/09/2014

Time: 17:15

Strength: 2/3

Previous:

Notes: Ben Shalom Bernanke was born in 1953. He graduated from Harvard University and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology. In 2006 he became the Chairman of the Federal Reserve System, until February 2014.

#END

BERLIN (Reuters) - Germany could grow less in 2014 than the 1.8 percent forecast by the government early this year, Economy Minister Sigmar Gabriel said in an interview published on Sunday, although he added the country was still in good shape compared to euro zone peers.

Gabriel told Deutschlandfunk radio in an interview that the Russia/Ukraine crisis had hit the investment climate in Germany, affecting not only firms that had direct business with Russia but also the wider business mood.

"We could see growth this year lower than our forecast of 1.8 percent... but we still have very strong growth momentum and the labour market is robust," he said.

The government typically issues a revised annual growth forecast in autumn. Some economic institutes and analysts have already scaled back their growth forecasts for 2014.

The German economy steamed ahead at the start of the year thanks to an unusually mild winter which boosted construction activity. But it contracted by 0.2 percent in the second quarter, leading some to warn of the risk of recession.

The crisis in Ukraine and a faltering European economic recovery are seen as the main factors behind the weakness.

US Reuters/Michigan Consumer Sentiment Index

Location: United States

Date: 26/09/2014

Time: 14:55

Strength: 2/3

Previous: 82.5

Notes: The Reuters/Michigan Consumer Sentiment Index released by the Reuters/University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

#END

US Reuters/Michigan Consumer Sentiment Index

Location: United States

Date: 26/09/2014

Time: 14:55

Strength: 2/3

Previous: 82.5

Notes: The Reuters/Michigan Consumer Sentiment Index released by the Reuters/University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

#END

US Personal Consumption Expenditures Prices (QoQ)

Location: United States

Date: 26/09/2014

Time: 13:30

Strength: 2/3

Previous: 1.4%

Notes: Personal Consumption Expenditures, released by US Department of Commerce, measures price changes in consumer goods and services. Personal consumption expenditures consist of the actual and imputed expenditures of households; the measure includes data pertaining to durables, non-durables and services. It is essentially a measure of goods and services targeted toward individuals and consumed by individuals.

#END

US Gross Domestic Product Price Index

Location: United States

Date: 26/09/2014

Time: 13:30

Strength: 2/3

Previous: 1.3%

Notes: The GDP Price Index released by the Bureau of Economic Analysis, Department of Commerce gauges the change in the prices of goods and services. Changes in the GDP price index are followed as an indicator of inflationary pressure that may anticipate interest rates to rise. A high reading is seen as positive, or bullish for the USD, while a low reading is seen as negative, or bearish.

#END

US Gross Domestic Product Price Index

Location: United States

Date: 26/09/2014

Time: 13:30

Strength: 2/3

Previous: 1.3%

Notes: The GDP Price Index released by the Bureau of Economic Analysis, Department of Commerce gauges the change in the prices of goods and services. Changes in the GDP price index are followed as an indicator of inflationary pressure that may anticipate interest rates to rise. A high reading is seen as positive, or bullish for the USD, while a low reading is seen as negative, or bearish.

#END

US Core Personal Consumption Expenditures (QoQ)

Location: United States

Date: 26/09/2014

Time: 13:30

Strength: 2/3

Previous: 2%

Notes: The Real Personal Consumption Expenditure released by the Bureau of Economic Analysis, Department of Commerce is an average of the amount of money the consumers spend in a month on durable goods, consumer products, and services.. It is considered as an important indicator of inflation. Generally speaking, a high reading is bullish for the USD, while a low reading is bearish.

#END

US Personal Consumption Expenditures Prices (QoQ)

Location: United States

Date: 26/09/2014

Time: 13:30

Strength: 2/3

Previous: 1.4%

Notes: Personal Consumption Expenditures, released by US Department of Commerce, measures price changes in consumer goods and services. Personal consumption expenditures consist of the actual and imputed expenditures of households; the measure includes data pertaining to durables, non-durables and services. It is essentially a measure of goods and services targeted toward individuals and consumed by individuals.

#END

US Core Personal Consumption Expenditures (QoQ)

Location: United States

Date: 26/09/2014

Time: 13:30

Strength: 2/3

Previous: 2%

Notes: The Real Personal Consumption Expenditure released by the Bureau of Economic Analysis, Department of Commerce is an average of the amount of money the consumers spend in a month on durable goods, consumer products, and services.. It is considered as an important indicator of inflation. Generally speaking, a high reading is bullish for the USD, while a low reading is bearish.

#END

US Gross Domestic Product Annualized

Location: United States

Date: 26/09/2014

Time: 13:30

Strength: 3/3

Previous: -2.1%

Notes: The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.

#END

US Gross Domestic Product Annualized

Location: United States

Date: 26/09/2014

Time: 13:30

Strength: 3/3

Previous: -2.1%

Notes: The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.

#END

UK Net Lending to Individuals (MoM)

Location: United Kingdom

Date: 26/09/2014

Time: 09:30

Strength: 2/3

Previous: £3.4B

Notes: UK Net Lending to Individuals released by the Bank of England is a monthly measure of growth rates, amounts outstanding and changes in total lending to individuals, divided into lending secured on dwellings and consumer credit. It shows a picture of whether or not consumers are willing to spend money. A high reading is positive for the GBP, while a low reading is negative.

#END

IT Unemployment

Location: Italy

Date: 26/09/2014

Time: 09:00

Strength: 2/3

Previous: 12.6%

Notes: The Unemployment Rate released by the National Institute of Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Italian economy. If the rate is up, it indicates a lack of expansion within the Italian labor market. As a result, a rise leads to weakening in the economy. Normally, a decrease in the figure is seen as positive (or bullish) for the Euro, while an increase is seen as negative (or bearish).

#END

IT Unemployment

Location: Italy

Date: 26/09/2014

Time: 09:00

Strength: 2/3

Previous: 12.6%

Notes: The Unemployment Rate released by the National Institute of Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Italian economy. If the rate is up, it indicates a lack of expansion within the Italian labor market. As a result, a rise leads to weakening in the economy. Normally, a decrease in the figure is seen as positive (or bullish) for the Euro, while an increase is seen as negative (or bearish).

#END

DE Gfk Consumer Confidence Survey

Location: Germany

Date: 26/09/2014

Time: 07:00

Strength: 2/3

Previous: 8.6

Notes: The GfK Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Generally speaking, a high reading is positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).

#END

DE Gfk Consumer Confidence Survey

Location: Germany

Date: 26/09/2014

Time: 07:00

Strength: 2/3

Previous: 8.6

Notes: The GfK Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Generally speaking, a high reading is positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).

#END

DE Gfk Consumer Confidence Survey

Location: Germany

Date: 26/09/2014

Time: 07:00

Strength: 2/3

Previous: 8.6

Notes: The GfK Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Generally speaking, a high reading is positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).

#END

NZ Trade Balance (YoY)

Location: New Zealand

Date: 25/09/2014

Time: 5 - F

Strength: 2/3

Previous: $1.29B

Notes: Trade balance, released by Statistics New Zealand, is the difference between the value of country's exports and imports, over a period of year. A positive balance means that exports exceed imports, a negative ones means the opposite. Positive trade balance illustrates high competitiveness of country's economy.

#END

NZ Trade Balance (YoY)

Location: New Zealand

Date: 25/09/2014

Time: 5 - F

Strength: 2/3

Previous: $1.29B

Notes: Trade balance, released by Statistics New Zealand, is the difference between the value of country's exports and imports, over a period of year. A positive balance means that exports exceed imports, a negative ones means the opposite. Positive trade balance illustrates high competitiveness of country's economy.

#END

NZ Trade Balance (MoM)

Location: New Zealand

Date: 25/09/2014

Time: 5 - F

Strength: 2/3

Previous: -$692M

Notes: The Trade Balance released by the Statistics New Zealand is a measure of balance amount between import and export. A positive value shows a trade surplus while a negative value shows a trade deficit. Any variation in the figures influences the domestic economy. If a steady demand in exchange for exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the NZD.Review Alex Nekritin's Article - Trading New Zealand Dollar with New Zealand Trade Balance

#END

NZ Trade Balance (MoM)

Location: New Zealand

Date: 25/09/2014

Time: 5 - F

Strength: 2/3

Previous: -$692M

Notes: The Trade Balance released by the Statistics New Zealand is a measure of balance amount between import and export. A positive value shows a trade surplus while a negative value shows a trade deficit. Any variation in the figures influences the domestic economy. If a steady demand in exchange for exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the NZD.Review Alex Nekritin's Article - Trading New Zealand Dollar with New Zealand Trade Balance

#END

Bloomberg Saxo Bank A/S is exploring several options to generate cash, including an initial public offering, as it prepares for TPG Capital to sell its stake, Chief Financial Officer Steen Blaafalk said.

Copenhagen-based Saxo, which said this month it plans to add Saudi, Egyptian and Qatari equities to the products available on its trading platform, is also weighing the options of hybrid debt sales or being bought by another financial company, Blaafalk, hired by Saxo this year after three decades at Danske Bank A/S, said in an interview.

"An IPO is one way for TPG to exit," he said. "A sale to an industrial player or a fund is another way, or they could sell the stake back to Saxo Bank. If and when we are listed on an exchange, we would have a wider range of opportunities to get more core equity."

U.S.-based private equity firm TPG bought a 30 percent stake in Saxo three years ago, meaning it may exit two years from now, Blaafalk said. Saxo needs capital to realize its growth ambitions after its trading platform, the bank's main business, was pummeled by a lack of volatility, he said.

"Trading today is actually stagnating because the one thing that trading depends on is volatility," Blaafalk said at Saxo's headquarters, where dinosaur skeletons dominate as a constant reminder to employees to embrace change or risk extinction. Market volatility hasn't been this low in "decades," he said.

Capital Costs

Saxo now relies on retained earnings to build up capital. Its common equity Tier 1 capital was 13.1 percent of risk-weighted assets as of June, according to its six-month report.

"Retained earnings are probably our only and most relevant source of building up core equity today," Blaafalk said. Saxo needs "more cost-effective capital. Retained earnings are still expensive capital, so it'd be better to have as much Tier 1 and Tier 2 capital as the regulation allows."

Saxo began reducing its subordinated debt this year because the capital doesn't meet new regulatory requirements. The bank has 223 million kroner in subordinated loans as part of its Tier 2 debt, its six-month report shows.

Saxo Founders

Saxo would use additional capital to expand in central and easternEurope as well as the Asia Pacific region, Blaafalk said. The two areas currently generate the largest share of the bank's earnings and have the biggest growth potential, he said.

The bank favors a capital-light model in which risk is mostly passed through to clients, according to Blaafalk.

Co-founder and chief executive officer Lars Seier Christensen signaled his bank is ready for stricter regulation in the currency market.

"It is a general tendency that many areas get more regulated, and foreign exchange has been relatively light touch for many, many years," he said in an interview with Bloomberg Television. "But at the end of the day of course people have to act appropriately in foreign exchange as everywhere else."

Christensen and Saxo's other founder and co-CEOKim Fournais each own 30 percent of the bank. TPG paid $600 million for its equivalent share in 2011.

"There are good arguments" for listing, Blaafalk said. "The rationale is to get more liquidity and to have a source of capital if you want to grow faster and the regulator says: 'If you want to grow fast, you need to have more capital.'"

The forex party must be over if brokers are now trying to get equity flow!!!  Very balance sheet intensive activity. Few brokers have the money to finance the required hedging. 

(NYSE:FXCM) has begun inviting traders to sign up within the list of those wishing to be among the first to experience a new product offering by the broker: single share CFDs. The landing page promises an innovative way to trade contracts for difference based on the stock of a single company, access to hundreds of single share CFDs, low minimum investments, no conflict of interest and no requotes.

The list of instruments will consist o CFDs on shares in companies which include:

– JPMorgan Chase & Co
– The Walt Disney Company
– Ford Motor Company
– Facebook
– Royal Bank of Scotland
– Amazon.com Inc
– Google Inc
– Vodafone Group
– Yahoo!
– General Electric
– Lloyds Banking Group

The announcement of the pending launch comes after it became clear that FXCM Stock Trading, a UK-based subsidiary of the broker, will be offering single share CFDs to clients in Europe via the Phoenix platform. The requirements for the service, however, include a minimum initial deposit of GBP 20,000, an amount which is hardly acceptable for a retail trader. It could be that FXCM will be changing the trading terms for the service it provides on the Phoenix platforms, so that this type of trading is accessible to a wider clientele. Another possibility is that the broker will be launching a separate, brand new service for stock CFDs for retail traders – maybe on one of its other platforms.

The date of the launch of the single-share CFDs by FXCM has not been announced. The broker says it is now focusing on implementing the new raw spreads model, which was officially introduced in the US just a couple of days ago and has resulted in a totally new way of calculating transaction expenses and in significantly (up to 50%) reduced spreads.

The broker has now an increased clientele to cater after acquiring the retail FX business of FXDD in the spring of 2014 and taking over the retail MT4 accounts of IBFX in the US and Australia earlier this month. FXCM is obviously seeking to lure traders with lower spreads and new products to trade.

The broker is set to face some fierce competition in the stock CFD market in Europe and Australia, thanks to other big players like IG Group.

US Markit Services PMI

Location: United States

Date: 25/09/2014

Time: 14:45

Strength: 2/3

Previous: 59.5

Notes: The Services Purchasing Managers Index (PMI) released by Markit Economics captures business conditions in the services sector. As the services sector dominates a large part of total GDP, the services PMI is an important indicator of the overall economic condition in US. A result above 50 signals is bullish for the USD, whereas a result below 50 is seen as bearish.

#END

US Markit Services PMI

Location: United States

Date: 25/09/2014

Time: 14:45

Strength: 2/3

Previous: 59.5

Notes: The Services Purchasing Managers Index (PMI) released by Markit Economics captures business conditions in the services sector. As the services sector dominates a large part of total GDP, the services PMI is an important indicator of the overall economic condition in US. A result above 50 signals is bullish for the USD, whereas a result below 50 is seen as bearish.

#END

US Markit PMI Composite

Location: United States

Date: 25/09/2014

Time: 14:45

Strength: 2/3

Previous: 59.7

Notes: The PMI monthly Composite Reports on Manufacturing and Services, released by Markit Economics, are based on a large number of business executives in private sector manufacturing and services companies. Data is usually released on the third working day of each month. Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs. Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month. From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction).

#END

US Markit PMI Composite

Location: United States

Date: 25/09/2014

Time: 14:45

Strength: 2/3

Previous: 59.7

Notes: The PMI monthly Composite Reports on Manufacturing and Services, released by Markit Economics, are based on a large number of business executives in private sector manufacturing and services companies. Data is usually released on the third working day of each month. Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs. Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month. From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction).

#END

US Initial Jobless Claims

Location: United States

Date: 25/09/2014

Time: 13:30

Strength: 2/3

Previous: 280K

Notes: The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy. Generally speaking, a decreasing number should be taken as positive or bullish for the USD.

#END

US Durable Goods Orders ex Transportation

Location: United States

Date: 25/09/2014

Time: 13:30

Strength: 2/3

Previous: -0.8%

Notes: The Durable Goods Orders measures, released by the US Census Bureau, the cost of orders received by manufacturers for durable goods, which means goods planned to last for three years or more, excluding the transport sector. As those durable products often involve large investments they are sensitive to the US economic situation. Generally speaking, a high reading is bullish for the USD, while a low reading is seen as Bearish.

#END

US Continuing Jobless Claims

Location: United States

Date: 25/09/2014

Time: 13:30

Strength: 2/3

Previous: 2.429M

Notes: The Continuing Jobless Claims released by the US Department of Labor measure the number of individuals who are unemployed and are currently receiving unemployment benefits. It presents the strength in the labor market. A rise in this indicator has negative implications for consumer spending which discourage economic growth. Generally speaking, a high reading is seen as negative, or bearish for the USD, while a low reading is seen as positive, or bullish.

#END

US Durable Goods Orders

Location: United States

Date: 25/09/2014

Time: 13:30

Strength: 3/3

Previous: 22.6%

Notes: The Durable Goods Orders, released by the US Census Bureau, measures the cost of orders received by manufacturers for durable goods, which means goods planned to last for three years or more, such as motor vehicles and appliances. As those durable products often involve large investments they are sensitive to the US economic situation. The final figure shows the state of US production activity. Generally speaking, a high reading is bullish for the USD.

#END

US Durable Goods Orders ex Transportation

Location: United States

Date: 25/09/2014

Time: 13:30

Strength: 2/3

Previous: -0.8%

Notes: The Durable Goods Orders measures, released by the US Census Bureau, the cost of orders received by manufacturers for durable goods, which means goods planned to last for three years or more, excluding the transport sector. As those durable products often involve large investments they are sensitive to the US economic situation. Generally speaking, a high reading is bullish for the USD, while a low reading is seen as Bearish.

#END

US Durable Goods Orders

Location: United States

Date: 25/09/2014

Time: 13:30

Strength: 3/3

Previous: 22.6%

Notes: The Durable Goods Orders, released by the US Census Bureau, measures the cost of orders received by manufacturers for durable goods, which means goods planned to last for three years or more, such as motor vehicles and appliances. As those durable products often involve large investments they are sensitive to the US economic situation. The final figure shows the state of US production activity. Generally speaking, a high reading is bullish for the USD.

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DE IFO - Current Assessment

Location: Germany

Date: 25/09/2014

Time: 09:00

Strength: 2/3

Previous: 111.1

Notes: The IFO Current Assessment released by the CESifo Group is closely watched as an indicator of current conditions and business expectations in Germany. The Institute surveys more than 7,000 enterprises on their assessment of the business situation and their short-term planning. The positive economic growth anticipates bullish movements for the EUR, while a low reading is seen as negative (or bearish).Review Alex Nekritin's Article - Trading Euro with IFO Report

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DE IFO - Business Climate

Location: Germany

Date: 25/09/2014

Time: 09:00

Strength: 2/3

Previous: 106.3

Notes: This German business sentiment index released by the CESifo Group is closely watched as an early indicator of current conditions and business expectations in Germany. The Institute surveys more than 7,000 enterprises on their assessment of the business situation and their short-term planning. The positive economic growth anticipates bullish movements for the EUR, while a low reading is seen as negative (or bearish).Review Alex Nekritin's Article - Trading Euro with IFO Report

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