AU Employment Change s.a.

Location: Australia

Date: 05/11/2014

Time: 00:30

Strength: 3/3

Previous: -29700

Notes: The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, 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 Unemployment Rate s.a.

Location: Australia

Date: 05/11/2014

Time: 00:30

Strength: 3/3

Previous: 6.1%

Notes: The Unemployment Rate release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market. As a result, a rise leads to weaken the Australian economy. A decrease of the figure is seen as positive (or bullish) for the AUD, while an increase is seen as negative (or bearish).

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AU Fulltime employment

Location: Australia

Date: 05/11/2014

Time: 00:30

Strength: 2/3

Previous: 21600

Notes: Employment, released by Australian Statistician, is the total number of people above a specified age, who in a short reference period, were in paid employment or self-employment. Paid employment includes people who worked in the reference period or who had a job but were temporaly absent from work.

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JP BoJ Monetary Policy Meeting Minutes

Location: Japan

Date: 05/11/2014

Time: - Thu

Strength: 2/3

Previous:

Notes: The Bank of Japan publishes a study of economic movements in Japan after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and indicate a sign of new fiscal policy. Any changes in this report tend to affect the JPY

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IG Markets global chief executive,Tim Howkins has expressed concern that the Australian economy has become "quite fragile" with increasing investor concern about potential bubbles in the housing markets of Sydney and Melbourne.

In an interview with The Australianduring a visit to Australia, the London-based Howkins also warned that there was the potential for an "accident waiting to happen" if the government did not tighten up regulations on contracts for difference (CFD) operators.

IG Markets is Australia's largest issuer of over-the-counter CFD products with some 40 per cent of the market.

"It feels as if the economy here is quite fragile," Mr Howkins said.

"You have clearly got something of a property bubble, particularly in Sydney and Melbourne. That is just making people a little bit more cautious at the moment."

"You can definitely see it both in the recruitment of new clients and in the activity levels of our existing clients."

Mr Howkins said he was "nervous" that the property bubble in Australia could burst.

"The nature of bubbles is that they have to burst and, if it does burst, things can be quite messy."

Listed on the London Stock Exchange, IG Markets operates in 17 countries around the world. It makes 10 to 15 per cent of its annual $700 million in revenues from its Australian-based clients, trading contracts for difference and foreign exchange on its platform.

Mr Howkins also expressed concern at the situation in Australia where CFD operators were effectively allowed to access their clients' money for proprietary trading.

IG and other large players in the market are worried that a return to high volatility in world markets could see some smaller operators pull money out of the accounts of their Australian clients and give the broader industry a bad name.

"The rules here say you (a CFD provider) have to segregate client's money, but then you can use it for your own purposes for hedging, which completely destroys the whole purpose of client money segregation," he said.

"The provider can, and some of them do, use that money to hedge. It means that in the event of a default by the provider, the client's money is at risk.

He said Australia was the only market in the world where this practice was allowed to happen. Britain had tightened up its controls six years ago in the wake of the global financial crisis. "This has the potential to be an accident waiting to happen," he said.

Mr Howkins said the Australian Securities & Investments Commission also supported a tightening up of the regulation but it had been difficult to progress the issue in government circles. He said IG Markets would open a stockbroking business in Australia next year for its local clients following the recent establishment of a broking business in Britain.

"The area here where we feel we can compete very effectively will be dealing in international stocks," he said. "That is always something we have been very strong on. We can leverage our existing ability to offer CFDs on those international stocks and trade them with a very user friendly platform and turn it into a conventional cash equity platform."

Mr Howkins sad IG would offer the international stockbroking service across all platforms including mobile phones.

He said the introduction of competition in the Australian share trading market, with the establishment of ASX competitor Chi-X was "a thoroughly good thing". He said it was "good for liquidity, good for price discovery and good for the consumer".

IG was using both exchanges in Australia to "try to find the best price for our clients and then execute (the trade) on the best possible venue from a cost point of view".

"It means that we, and therefore our clients, can get better prices and it reduces our operating costs that we have to pass into our clients."

US ISM Non-Manufacturing PMI

Location: United States

Date: 05/11/2014

Time: 15:00

Strength: 3/3

Previous: 58.6

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 ISM Non-Manufacturing PMI

Location: United States

Date: 05/11/2014

Time: 15:00

Strength: 3/3

Previous: 58.6

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 PMI Composite

Location: United States

Date: 05/11/2014

Time: 14:45

Strength: 2/3

Previous: 59

Notes: The PMI monthly Composite Reports on Manufacturing and Services, released by Markit Economics, are based on a large number of business executives in private sector manufacturing and 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).

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US Markit Services PMI

Location: United States

Date: 05/11/2014

Time: 14:45

Strength: 2/3

Previous: 58.9

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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US ADP Employment Change

Location: United States

Date: 05/11/2014

Time: 13:15

Strength: 2/3

Previous: 213K

Notes: The Employment Change released by the Automatic Data Processing, Inc is a measure of the change in the number of employed people in the US. Generally speaking, a rise in this indicator has positive implications for consumer spending, stimulating economic growth. So a high reading is traditionally seen as positive, or bullish for the USD, while a low reading is seen as negative, or bearish.

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US MBA Mortgage Applications

Location: United States

Date: 05/11/2014

Time: 12:00

Strength: 2/3

Previous: -6.6%

Notes: The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered as a leading indicator of the U.S Housing Market. A Mortgage growth represents a healthy housing market that stimulates the overall US economy. 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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EMU Retail Sales (YoY)

Location: European Monetary Union

Date: 05/11/2014

Time: 10:00

Strength: 2/3

Previous: 1.9%

Notes: The Retail Sales released by the Eurostat is a measure of changes in sales of the Euro zone retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. Usually, the positive economic growth anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.

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UK Markit Services PMI

Location: United Kingdom

Date: 05/11/2014

Time: 09:30

Strength: 2/3

Previous: 58.7

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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UK Markit Services PMI

Location: United Kingdom

Date: 05/11/2014

Time: 09:30

Strength: 2/3

Previous: 58.7

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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DE Markit Services PMI

Location: Germany

Date: 05/11/2014

Time: 08:55

Strength: 2/3

Previous: 55.7

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.

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