Location: Canada
Date: 23/09/2014
Time: 13:30
Strength: 2/3
Previous: 1.1%
Notes: The Retail Sales released by the Statistics Canada is a monthly data that shows all goods sold by retailers based on a sampling of retail stores of different types and sizes. The retail sales index is often taken as an indicator of consumer confidence. It shows the performance of the retail sector in the short term. Generally speaking, the positive economic growth anticipates bullish movements for the CAD.
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Tuesday, September 23, 2014
CA Retail Sales (MoM)
EMU Markit Manufacturing PMI
Location: European Monetary Union
Date: 23/09/2014
Time: 09:00
Strength: 2/3
Previous: 50.7
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.
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EMU Markit Manufacturing PMI
Location: European Monetary Union
Date: 23/09/2014
Time: 09:00
Strength: 2/3
Previous: 50.7
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.
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DE Markit Services PMI
Location: Germany
Date: 23/09/2014
Time: 08:30
Strength: 2/3
Previous: 54.9
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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DE Markit Services PMI
Location: Germany
Date: 23/09/2014
Time: 08:30
Strength: 2/3
Previous: 54.9
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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DE Markit Manufacturing PMI
Location: Germany
Date: 23/09/2014
Time: 08:30
Strength: 2/3
Previous: 51.4
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.
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DE Markit Manufacturing PMI
Location: Germany
Date: 23/09/2014
Time: 08:30
Strength: 2/3
Previous: 51.4
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.
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FR Gross Domestic Product (QoQ)
Location: France
Date: 23/09/2014
Time: 07:45
Strength: 2/3
Previous: 0% / Consensus: 0%
Notes: The Gross Domestic Product released by INSEE is a measure of the total value of all goods and services produced by France. The GDP is considered as a broad measure of economic activity and health. A rising trend has a positive effect on the Euro, while a falling trend is seen as negative (or bearish ).
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Monday, September 22, 2014
Easing US home sales rarely a good sign but soft oil and a two year decline for commods in general is likely to counter.
Existing home sales fell 1.8 per cent in August to an annual rate of 5.05m units after climbing 2.4 per cent in July. August's figure missed economists' forecasts for a 1 per cent rise.
The median existing home price was up 4.8 per cent from the same period a year ago to $219,800, reflecting the thirtieth consecutive month of annual home price gains.
Existing home sales have recovered better than new home sales, which appear to have plateaued since 2013.
Ian Shepherdson, economist at Pantheon Macroeconomics, said:
We think home sales are running out of steam now that the post-winter rebound is over and the buyers for distressed properties fade away.
But during her semi-annual monetary policy report in July, Fed chair Janet Yellen warned about the state of the US housing market recovery.
She said while housing had recovered from its trough, higher mortgage rates had weighed on housing. She said readings on housing activity this year had been "disappointing."
Tighter credit conditions are limiting the ability of first time homebuyers to enter the market.
First time homebuyers accounted for just 29 per cent of the existing home sales market in August, down from the long-run norm of 40 per cent, according to Paul Diggle at Capital Economics.
So far, homebuilder confidence has outpaced housing starts. Later this week we get new home sales which will give us a better sense of whether this optimism is misplaced.
US Existing Home Sales Change (MoM)
Location: United States
Date: 22/09/2014
Time: 15:00
Strength: 2/3
Previous: 2.4%
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
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US Existing Home Sales Change (MoM)
Location: United States
Date: 22/09/2014
Time: 15:00
Strength: 2/3
Previous: 2.4%
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
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EMU ECB President Draghi's Speech
Location: European Monetary Union
Date: 22/09/2014
Time: 14:00
Strength: 3/3
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).
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NZ Westpac consumer survey
Location: New Zealand
Date: 22/09/2014
Time: 0 - M
Strength: 2/3
Previous: 121.2
Notes: Confidence measure is an indicator of the mood of consumers or business, released by Westpac New Zealand. It is usually based on a survey during which respondents rate their opinion on different issues concerning current and future economic conditions.
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Friday, September 19, 2014
US CB Leading Indicator (MoM)
Location: United States
Date: 19/09/2014
Time: 15:00
Strength: 2/3
Previous: 0.9% / Consensus: 0.4%
Notes: The Leading Indicators released by the Conference Board measures future trends of the overall economic activity including employment, average manufacturing workweek, initial claims, permits for new housing construction, stock prices and yield curve. It is considered as a measure for economic stability in United States. This event generates some
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US CB Leading Indicator (MoM)
Location: United States
Date: 19/09/2014
Time: 15:00
Strength: 2/3
Previous: 0.9% / Consensus: 0.4%
Notes: The Leading Indicators released by the Conference Board measures future trends of the overall economic activity including employment, average manufacturing workweek, initial claims, permits for new housing construction, stock prices and yield curve. It is considered as a measure for economic stability in United States. This event generates some
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