DE IFO - Expectations

Location: Germany

Date: 22/11/2013

Time: 09:00

Strength: 2/3

Previous: 103.6 / Consensus: 104.1

Notes: The IFO Expectations released by the CESifo Group is closely watched as an early indicator of current conditions and business expectations for the next six months, where firms rate the future outlook as better, same, or worse. An optimistic view of those 7,000 business leaders and senior managers is considered as positive, or bullish for the EUR, whereas a pessimistic view is considered as negative, or bearish.Review Alex Nekritin's Article - Trading Euro with IFO Report

#END

DE IFO - Current Assessment

Location: Germany

Date: 22/11/2013

Time: 09:00

Strength: 2/3

Previous: 111.3 / Consensus: 111.7

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

#END

DE Markit Services PMI

Location: Germany

Date: 22/11/2013

Time: 07:28

Strength: 2/3

Previous:

Notes: The Services PMI released by Markit Economics interviews German executives on the status of sales, employment, and their outlook. Because the performance of the German service sector is extremely consistent over time, services does not impact final GDP figures as much as the more volatile figure on the manufacturing sector. Any reading above 50 signals expansion, while a reading under 50 shows contraction.

#END

DE Gross Domestic Product s.a (QoQ)

Location: Germany

Date: 22/11/2013

Time: 07:00

Strength: 3/3

Previous: 0.7%

Notes: The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

#END

DE Gross Domestic Product w.d.a (YoY)

Location: Germany

Date: 22/11/2013

Time: 07:00

Strength: 2/3

Previous: 0.5%

Notes: The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

#END

DE Gross Domestic Product n.s.a (YoY)

Location: Germany

Date: 22/11/2013

Time: 07:00

Strength: 2/3

Previous:

Notes: The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

#END

US Producer Price Index ex Food & Energy (YoY)

Location: United States

Date: 21/11/2013

Time: 13:30

Strength: 2/3

Previous:

Notes: The Producer Price Index ex Food & energy released by the Bureau of Labor statistics, Department of Labor measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative (or bearish).

#END

US Initial Jobless Claims

Location: United States

Date: 21/11/2013

Time: 13:30

Strength: 2/3

Previous: 339K

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 Philadelphia Fed Manufacturing Survey

Location: United States

Date: 21/11/2013

Time: 15:00

Strength: 2/3

Previous: 22.3

Notes: The Philadelphia Fed Survey is a spread index of manufacturing conditions (movements of manufacturing) within the Federal Reserve Bank of Philadelphia. This survey, served as an indicator of manufacturing sector trends, is interrelated with the ISM manufacturing Index (Institute for Supply Management) and the index of industrial production. It is also used as a forecast of The ISM Index. Generally, an above-the-expectaitons reading is seen as positive for the USD.

#END

US Producer Price Index (YoY)

Location: United States

Date: 21/11/2013

Time: 13:30

Strength: 2/3

Previous:

Notes: The Producer Price Index released by the Bureau of Labor statistics, Department of Labor measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing. Changes in the PPI are widely followed as an indicator of commodity inflation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative (or bearish).

#END

EMU ECB President Draghi's Speech

Location: European Monetary Union

Date: 21/11/2013

Time: 10:05

Strength: 2/3

Previous:

Notes: The European Central Bank's president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council he gives press conferences in the back of how the ECB observes the current European economy. President's comments may determine positive or negative the Euro's trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).

#END

UK Public Sector Net Borrowing

Location: United Kingdom

Date: 21/11/2013

Time: 09:30

Strength: 2/3

Previous: ��9.368B

Notes: The Net Borrowing released by the National Statistics captures an amount of new debt held by the U.K. governments (the financial deficit in the UK national accounts). Generally speaking, if the Net Borrowing is negative, it means the UK Accounts are surplus, and that should be positive for the GBP. While a deficit is generally unfavorable for the economy, a growth in the Net Borrowing is considered as negative, or bearish for the GBP.

#END

AU RBA's Governor Glenn Stevens Speech

Location: Australia

Date: 21/11/2013

Time: 09:05

Strength: 3/3

Previous:

Notes: The RBA Governor Glenn Stevens was born in 1958. He graduated from the University of Sydney. In 2006 he became Governor of the Reserve Bank of Australia. He gives a press conference as to how the RBA observes the current Australian economy and the value of AUD. His comments may determine a short-term positive or negative trend.

#END

EMU Markit Manufacturing PMI

Location: European Monetary Union

Date: 21/11/2013

Time: 08:58

Strength: 2/3

Previous: 51.3 / Consensus: 51.5

Notes: The Manufacturing Purchasing Managers Index (PMI) released by the Markit Economics captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in the Euro Zone. Usually a result above 50 signals is bullish for the EUR, whereas a result below 50 is seen as bearish.

#END

EMU Markit Services PMI

Location: European Monetary Union

Date: 21/11/2013

Time: 08:58

Strength: 2/3

Previous: 51.6 / Consensus: 52.0

Notes: The PMI service released by the Markit Economics is an indicator of the economic situation in the Euro Zone services sector. It captures an overview of the condition of sales and employment. It is worth noting that the European service sector does not influence, either positively or negatively, the GDP as much as the Services PMI does. Any reading above 50 signals expansion, while a reading under 50 shows contraction. Usually a result above 50 is bullish for the EUR, whereas a result below 50 is seen as bearish.

#END