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.

#END

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.

#END

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.

#END

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.

#END

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.

#END

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).

#END

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.

#END

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.

#END

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).

#END

US Average Hourly Earnings (MoM)

Location: United States

Date: 02/05/2014

Time: 13:30

Strength: 2/3

Previous: 0%

Notes: The Average Hourly Earning released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.

#END

US Unemployment Rate

Location: United States

Date: 02/05/2014

Time: 13:30

Strength: 3/3

Previous: 6.7%

Notes: The Unemployment Rate released by the US Department of Labor is the number of unemployed workers divided by the total civilian labor force. If the rate is up, it indicates a lack of expansion within the US economy. Therefore, a decrease of the figure is seen as positive (or bullish) for the USD, while an increase is seen as negative (or bearish).

#END

US Average Hourly Earnings (YoY)

Location: United States

Date: 02/05/2014

Time: 13:30

Strength: 2/3

Previous: 2.1%

Notes: The Average Hourly Earning released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.

#END

US Nonfarm Payrolls

Location: United States

Date: 02/05/2014

Time: 13:30

Strength: 3/3

Previous: 192K

Notes: The nonfarm payrolls released by the US Department of Labor presents the number of people on the payrolls of all non-agricultural businesses. The monthly changes in payrolls can be excessively volatile. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

#END

EMU Unemployment Rate

Location: European Monetary Union

Date: 02/05/2014

Time: 10:00

Strength: 2/3

Previous: 11.9% / Consensus: 11.9%

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

UK PMI Construction

Location: United Kingdom

Date: 02/05/2014

Time: 09:30

Strength: 2/3

Previous: 62.5

Notes: The PMI Construction released by the Chartered Institute of Purchasing & Supply and Markit Economics shows business conditions in the UK construction sector. It is worth noting that the construction sector does not influence, either positively or negatively, the GDP as much as the Manufacturing sector does A result that values above 50 signals appreciates (or is bullish for ) the GBP, whereas a result that values below 50 is seen as negative (or bearish).

#END