Location: United Kingdom
Date: 01/12/2014
Time: 09:30
Strength: 2/3
Previous: 61.267K
Notes: The Mortgage Approvals released by the Bank of England presents the number of various Mortgage Approvals. It is considered as a leading indicator of the U.K. Housing Market. A Mortgage growth represents a healthy housing market that stimulates the overall U.K. economy. Generally, a high reading is seen as positive ( or bullish ) for the GBP, while a low reading is seen as negative (or bearish )
#END
Monday, December 01, 2014
UK Mortgage Approvals
UK Net Lending to Individuals (MoM)
Location: United Kingdom
Date: 01/12/2014
Time: 09:30
Strength: 2/3
Previous: ��2.7B
Notes: UK Net Lending to Individuals released by the Bank of England is a monthly measure of growth rates, amounts outstanding and changes in total lending to individuals, divided into lending secured on dwellings and consumer credit. It shows a picture of whether or not consumers are willing to spend money. A high reading is positive for the GBP, while a low reading is negative.
#END
UK Consumer Credit
Location: United Kingdom
Date: 01/12/2014
Time: 09:30
Strength: 2/3
Previous: ��0.915B
Notes: The Consumer Credit released by the Bank of England is an amount of money that individuals borrowed in the previous month. It shows if consumers can afford large expenses, which can fuel economic growth. However, a high figure may also indicate that the economy is overheating, as consumers borrow in order to live beyond their means. A high reading is seen as positive for the GBP, whereas a low reading is seen as negative.
#END
EMU Markit Manufacturing PMI
Location: European Monetary Union
Date: 01/12/2014
Time: 09:00
Strength: 2/3
Previous: 50.6
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
IT Gross Domestic Product (YoY)
Location: Italy
Date: 01/12/2014
Time: 09:00
Strength: 2/3
Previous: -0.2%
Notes: The Gross Domestic Product released by the National Institute of Statistics is a measure of the total value of all goods and services produced by Italy. The GDP is considered as a broad measure of economic activity and health. Generally speaking, a high reading is seen as positive (or bullish) for the Euro, while a negative trend is seen as negative (or bearish).
#END
DE Markit Manufacturing PMI
Location: Germany
Date: 01/12/2014
Time: 08:55
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.
#END
DE Markit Manufacturing PMI
Location: Germany
Date: 01/12/2014
Time: 08:55
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.
#END
CN NBS Manufacturing PMI
Location: China
Date: 01/12/2014
Time: 01:00
Strength: 3/3
Previous:
Notes: The Manufacturing Purchasing Managers Index (PMI) released by the China Federation of Logistics and Purchasing (CFLP) studies business conditions 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
JP BSI Large Manufacturing (QoQ)
Location: Japan
Date: 01/12/2014
Time: 0 - M
Strength: 2/3
Previous: 12.7
Notes: The Business Survey Index (BSI) Large Manufacturing released by the Ministry of Finance studies business authorities' assessments of and forecasts for the economy to seize information for keeping track of economic trends. The BSI is the percentage of firms that say domestic economic conditions are rising compared with the previous quarter, minus the percentage of firms that say domestic economic conditions are declining compared with the previous quarter. Normally, a high reading is seen as positive (or bullish) for the JPY, while a low reading is seen as negative (or bearish).
#END
JP Capital Spending
Location: Japan
Date: 01/12/2014
Time: 0 - M
Strength: 2/3
Previous: 3%
Notes: Capital Spending released by the Ministry of Finance Japan measures change in the total value of capital expenditures by enterprises. It is considered as an early indicator of economic health in Japan. A high reading is seen as positive or bullish for the JPY, while a low reading is seen as negative or bearish.
#END
JP Capital Spending
Location: Japan
Date: 01/12/2014
Time: 0 - M
Strength: 2/3
Previous: 3%
Notes: Capital Spending released by the Ministry of Finance Japan measures change in the total value of capital expenditures by enterprises. It is considered as an early indicator of economic health in Japan. A high reading is seen as positive or bullish for the JPY, while a low reading is seen as negative or bearish.
#END
AU AiG Performance of Mfg Index
Location: Australia
Date: 01/12/2014
Time: 22:30
Strength: 2/3
Previous: 49.4
Notes: AiG performance of the Mfg Index released by the Australian Industry Group presents business conditions in the Australian manufacturing 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
AU AiG Performance of Mfg Index
Location: Australia
Date: 01/12/2014
Time: 22:30
Strength: 2/3
Previous: 49.4
Notes: AiG performance of the Mfg Index released by the Australian Industry Group presents business conditions in the Australian manufacturing 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
NZ RBNZ Governor Wheeler Speech
Location: New Zealand
Date: 01/12/2014
Time: 19:45
Strength: 3/3
Previous:
Notes: Graeme Wheeler was appointed Governor of the Reserve Bank of New Zealand in September 2012. The Reserve Bank uses monetary policy to maintain price stability as defined in the Policy Targets Agreement (PTA). The current PTA requires the Bank to keep inflation between 1 and 3 percent on average over the medium term. The Bank implements monetary policy by setting the Official Cash Rate (OCR), which is reviewed eight times a year.
#END
Friday, November 28, 2014
LeapRate Exclusive… LeapRate has learned, in discussions with various retail forex brokers in different locations around the globe, that November FX trading volumes will be somewhat lower than the record / near-record volumes reported by many in the industry during September and October. After two months of near nonstop volatility, the industry standard EURUSD has spent most of November in a fairly tight 1.24-1.25 trading band.
However a lot of that slack has apparently been picked up by CFD trading – in particular oil and gold CFDs, as those commodities took over the volatility baton during November.
In particular crude oil – as OPEC decided against a production cut on Thursday, crude prices dropped by more than 6% and traded below $70 per barrel for the first time in more than four years. This marks a more than 30% drop in crude prices since the summer, as demonstrated by the chart below, which has made commodity CFDs a leading trade vehicle during much of the past month.
WTI crude oil prices, past five years. Source: CNBC.
With a number of leading oil industry analysts and observers calling for further volatility and drops in oil prices – with several looking at the possibility of $30-$40 per bbl oil – this might be just the beginning of a growing CFD trading trend.
We'll begin to see actual trading results for November early next week. Stay tuned to LeapRate…
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