DE Markit Services PMI

Location: Germany

Date: 06/05/2014

Time: 08:55

Strength: 2/3

Previous: 53

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.

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AU RBA Rate Statement

Location: Australia

Date: 06/05/2014

Time: 05:30

Strength: 2/3

Previous:

Notes: Decisions regarding this interest rate are made by the Reserve Bank Board, and are explained in a media release which announces the decision at 2.30 pm after each Board meeting.

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AU RBA Interest Rate Decision

Location: Australia

Date: 06/05/2014

Time: 05:30

Strength: 3/3

Previous: 2.5%

Notes: RBA Interest Rate Decision is announced by the Reserve Bank of Australia. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.Review Alex Nekritin's Article -Trading Australian Dollar with RBA Rate Decision

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AU House Price Index (YoY)

Location: Australia

Date: 06/05/2014

Time: 02:30

Strength: 2/3

Previous: 9.3%

Notes: The House Price Index released by the Australian Bureau of Statistics shows changes in housing prices of major cities in Australia. The housing prices are considered as a key indicator for inflationary pressures. A high reading is seen as positive or ( Bullish ) for the AUD, while a low reading is seen as negative ( or Bearish ).

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AU House Price Index (QoQ)

Location: Australia

Date: 06/05/2014

Time: 02:30

Strength: 2/3

Previous: 3.4%

Notes: The House Price Index released by the Australian Bureau of Statistics shows changes in housing prices of major cities in Australia. The housing prices are considered as a key indicator for inflationary pressures. A high reading is seen as positive or ( Bullish ) for the AUD, while a low reading is seen as negative ( or Bearish ).

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AU Trade Balance

Location: Australia

Date: 06/05/2014

Time: 02:30

Strength: 2/3

Previous: 1200M

Notes: The trade balance released by the Australian Bureau of Statistics is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand. Trade Balance gives an early indication of the net export performance. If a steady demand in exchange for Australian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the AUD.Review Alex Nekritin's Article - Trading the Aussie with Australia Trade Balance

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AU AiG Performance of Construction Index

Location: Australia

Date: 05/05/2014

Time: 00:30

Strength: 2/3

Previous: 46.2

Notes: Based on 120 interviews to companies, the HIA/AiG Performance of Construction Index, released by the Australia Industry Group and the Housing Industry Association, is considered as an indicator that measures the conditions on the short and medium term in the construction market. Companies answer questions related to production, employment, prices supplier deliveries, inventories and new orders. A high reading is seen as positive, or bullish for the AUD, while a low reading is seen as negative, or bearish.

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US ISM Non-Manufacturing PMI

Location: United States

Date: 05/05/2014

Time: 15:00

Strength: 3/3

Previous: 53.1

Notes: The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector. It is worth noting that the non-manufacturing sector does not influence, either positively or negatively, the GDP as much as the ISM Manufacturing does. A result above 50 is positive (or bullish) for the USD.

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US Markit Services PMI

Location: United States

Date: 05/05/2014

Time: 14:45

Strength: 2/3

Previous: 55.3

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.

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UK Markit Services PMI

Location: United Kingdom

Date: 05/05/2014

Time: 09:30

Strength: 2/3

Previous: 57.6

Notes: The PMI service released by both the Chartered Institute of Purchasing & Supply and the Markit Economics is an indicator of the economic situation in the UK services sector. It captures an overview of the condition of sales and employment. It is worth noting that the UK service sector does not influence, either positively or negatively, the GDP as much as the Manufacturing PMI does. Traders want the highest possible reading as that will be taken as positive for the GBP. Any reading above 50 signals expansion, while a reading under 50 shows contraction.

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IT Markit Services PMI

Location: Italy

Date: 05/05/2014

Time: 08:45

Strength: 2/3

Previous: 49.5

Notes: The Services PMI released by the Markit Economics is an indicator of the economic situation in Italian services sector. It captures an overview of the condition of sales and employment. Any reading above 50 signals expansion, while a reading under 50 shows contraction. Usually a result above 50 is bullish for the Euro, whereas a result below 50 is seen as bearish.

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AU AiG Performance of Services Index

Location: Australia

Date: 05/05/2014

Time: 00:30

Strength: 2/3

Previous: 48.9

Notes: AiG Performance of Services Index released by the Australian Industry Group presents business conditions in the Australian service 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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EMU Eurogroup meeting

Location: European Monetary Union

Date: 05/05/2014

Time: 01:00

Strength: 2/3

Previous:

Notes: Eurogroup meetings are attended by the Eurogroup President, the Finance Minister of each Member State of the euro area, the Commissioner for economic and monetary affairs, and the President of the European Central Bank. The Chairman of the Economic and Financial Committee's Eurogroup Working Group also attends, to present the preparatory work done in that Group.

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CN Non-manufacturing PMI

Location: China

Date: 03/05/2014

Time: 02:00

Strength: 2/3

Previous: 54.5

Notes: The official non-manufacturing PMI, released by China Federation of Logistics and Purchasing (CFLP), is based on a survey of about 1,200 companies covering 27 industries including construction, transport and telecommunications. It's the level of a diffusion index based on surveyed purchasing managers in the services industry and if it's above 50.0 indicates industry expansion, below indicates contraction.

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US Factory Orders (MoM)

Location: United States

Date: 02/05/2014

Time: 15:00

Strength: 2/3

Previous: 1.6% / Consensus: 1.1%

Notes: The Factory orders released by the US Census Bureau is a measure of the total orders of durable and non durable goods such as shipments (sales), inventories and orders at the manufacturing level which can offer insight into inflation and growth in the manufacturing sector. Normally, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

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