Location: European Monetary Union
Date: 24/06/2014
Time: 09:00
Strength: 2/3
Previous:
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
Tuesday, June 24, 2014
EMU Markit Manufacturing PMI
DE IFO - Expectations
Location: Germany
Date: 24/06/2014
Time: 09:00
Strength: 2/3
Previous: 106.2
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
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EMU Markit Services PMI
Location: European Monetary Union
Date: 24/06/2014
Time: 09:00
Strength: 2/3
Previous:
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
EMU Markit PMI Composite
Location: European Monetary Union
Date: 24/06/2014
Time: 09:00
Strength: 2/3
Previous:
Notes: The PMI monthly Composite Reports on Manufacturing and Services, released by Markit Economics, are based on surveys of over 300 business executives in private sector manufacturing companies and also 300 private sector 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
DE IFO - Business Climate
Location: Germany
Date: 24/06/2014
Time: 09:00
Strength: 2/3
Previous: 110.4
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
#END
DE IFO - Current Assessment
Location: Germany
Date: 24/06/2014
Time: 09:00
Strength: 2/3
Previous: 114.8
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
EMU Markit PMI Composite
Location: European Monetary Union
Date: 24/06/2014
Time: 09:00
Strength: 2/3
Previous: 53.5
Notes: The PMI monthly Composite Reports on Manufacturing and Services, released by Markit Economics, are based on surveys of over 300 business executives in private sector manufacturing companies and also 300 private sector 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
DE Markit Manufacturing PMI
Location: Germany
Date: 24/06/2014
Time: 08:30
Strength: 2/3
Previous:
Notes: The Manufacturing Purchasing Managers Index (PMI) released by 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 Germany. Normally, a result above 50 signals is bullish for the EUR, whereas a result below 50 is seen as bearish.
#END
DE Markit Services PMI
Location: Germany
Date: 24/06/2014
Time: 08:30
Strength: 2/3
Previous: 54.7
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
CN HSBC Manufacturing PMI
Location: China
Date: 24/06/2014
Time: 02:45
Strength: 2/3
Previous: 49.7
Notes: The HSBC Manufacturing Purchasing Managers Index (PMI) released by the Markit Economics is an early indicator of economic health in the Chinese manufacturing sector. Any reading above 50 signals expansion, while a reading under 50 shows contraction. As the Chinese economy has influence on the global economy, this economic indicator would have an impact on the Forex market.
#END
Monday, June 23, 2014
US Chicago Fed National Activity Index
Location: United States
Date: 23/06/2014
Time: 13:30
Strength: 2/3
Previous: -0.32
Notes: The Chicago Fed National Activity Index (CFNAI), released by Federal Reserve Bank of Chicago, is a monthly index designed to gauge overall economic activity and related inflationary pressure.
#END
US Existing Home Sales Change (MoM)
Location: United States
Date: 23/06/2014
Time: 15:00
Strength: 2/3
Previous:
Notes: The Existing Home Sales, released by the National Association of Realtors provide an estimated value of housing market conditions. As the housing market is considered as a sensitive factor to the US economy, it generates some
#END
JP Bank of Japan Governor Kuroda Speech
Location: Japan
Date: 23/06/2014
Time: 07:00
Strength: 2/3
Previous:
Notes: Bank of Japan Governor Haruhiko Kuroda will hold a press conference about monetary policies in Tokyo. Mr Kuroda exercises general control over the Bank's business. He is in charge of the Internal Auditors' Office.
#END
Friday, June 20, 2014
CA Bank of Canada Consumer Price Index Core (YoY)
Location: Canada
Date: 20/06/2014
Time: 13:30
Strength: 2/3
Previous: 1.4%
Notes: Consumer Price Index Core is released by the Bank of Canada. ���Core��� CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. These volatile core 8 are considered as the key indicator for inflation in Canada. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD.
#END
CA Consumer Price Index (YoY)
Location: Canada
Date: 20/06/2014
Time: 13:30
Strength: 3/3
Previous: 2%
Notes: The Consumer Price Index (CPI) released by the Statistics Canada is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of CAD is dragged down by inflation. Bank of Canada ( http://www.bankofcanada.ca/en/index.html ) aims at an inflation range (1%-3%). Generally speaking, a high reading is seen as anticipatory of a rate hike and is positive (or bullish) for the CAD.
#END
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