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Monday is June Flash PMI Day. Lots of Data to Digest

Monday is June Flash PMI Day. Lots of Data to Digest
June 23, 2014 00:00 gmt
Daily Risk On/Off Heat Map

  • Markets remained in a mixed risk-on posture as of the  European close, but there appears to be a lack of strong convictions into the weekend with political uncertainties high.
  • Yields in prime Eurozone fixed income markets are closing mostly higher Yields on the European periphery are mostly up as well.
  • U.K. yields are up, the GBP is better bid. Most see a +25bp BOE rate hike by yearend.  Note that Canadian yields are up following Canadian CPI and Retail Sales data.
  • U.S. yields are higher. The U.S. 10-yr is 2.63%, +3 bp.
  • Equities closed mixed in the Far East. Bourses in Europe are ending mixed. U.S. shares are higher.

    The heat map color scheme of interest rates reflects yields. This aligns all the colors in the chart to reflect risk-on (green) and risk-off(red).


    HIGH IMPACT NEWS ITEMS: JP- flash PMI, CN- flash HSBC PMI,EZ-, DE-. FR- PMI's, US- Mfg PMI, Existing Homes Sales

      • Canadian CPI and retail sales figures Friday were stronger than expected and gave the CAD a a lift. NO changes in Bank of Canada are on the horizon
      • European Consumer Confidence data were weaker than forecast.. This release is not as closely followed as other confidence surveys.
      • This week sees a slew of economic reports with flash PMI data due on Monday and the German IFO Survey and the Conference Board Sentiment survey slated for Tuesday. Thursday sees an ECB Meeting. U.S.  weekly Jobless data and Personal Income data (PCE deflator). On Friday, U.K. GDP and the final June University of Michigan Survey are due..
      •  See the FOREX FORUM. for actual data, selected charts, etc.) and  comments from experienced traders to events as they are released.

        TRADING PLANNER

        MONDAY 23 June 2014
        • EZ/DE/FR-PMI's- Most current  data
        • US- Markit MFG PMI's-  Early U.S. data
        • US- Existing Homes Sales- Top Housing metric
        TUESDAY 24 June 2014
        • DE- IFO Survey- top German Sentiment index
        • US- Case Shiller Home Price Index- Accurate
        • US- New Homes Sales- Housing metric
        • US- CB Consumer Confidence- Closely watched
        WEDNESDAY 25 June 2014
        • US- Durable Goods- measure of output
        • US- GDP- growth measure
        • US- flash Markit SVC PMI- Current data
        THURSDAY 26 June 2014
        • US- Personal Income PCE Deflator: Fed Inflation target
        •  US- Weekly Jobless- Current jobs data
        FRIDAY 27 June 2014  
        • JP- Core CPI- BOJ trying to raise prices
        • GB- Revised GDP- On positive growth path
        •  US- Univ of Mich Survey- Revised data




        FOREX CALENDAR
        Time   Country Title Cons Last
        23/06/14 1:35 JP fl Mfg PMI n/a 49.9
        23/06/14 1:45 CN HSBC flash PMI 49.7 49.4
        23/06/14 7:00 FR MFG PMI flash 49.5 49.6
        23/06/14 7:00 FR SVC PMI flash 49.4 49.1
        23/06/14 7:28 DE MFG PMI flash 52.5 52.3
        23/06/14 7:28 DE SVC PMI flash 55.8 56
        23/06/14 7:58 EZ Markit SVC PMI flash 52.2 52.2
        23/06/14 7:58 EZ Markit MFG PMI flash 53.2 53.2
        23/06/14 13:45 US MFG Markit PMI flash 56 56.4
        23/06/14 14:00 US Existing Home 4.74 4.65
        24/06/14 0:00 TUESDAY
        24/06/14 8:00 DE IFO Climate n/a 106.2
        24/06/14 8:00 DE IFO Current n/a 114.8
        24/06/14 8:00 DE IFO Expectations 110.2 110.4
        24/06/14 13:00 US Case-Shil 20 yy 11.50% 12.40%
        24/06/14 14:00 US New Home Sales 440 433
        24/06/14 14:00 US Richmond Fed n/a n/a
        24/06/14 14:00 US CB Consumer Conf 83.5 83
        24/06/14 17:00 TRY TRY 2-yr n/a n/a
        24/06/14 20:30 US API Energy n/a n/a


        calendarBe sure to refer daily to the Global-View Economic Calendar  For key items (actual data, selected charts, etc.) as they are released.

        See the FOREX FORUM. for actual data, selected charts, etc.) and  comments from experienced traders to events as they happen.


        John M. BlandJohn M. Bland, is a founding partner of Global-View.com,  and an author. He has been an FX consultant for a money center. bank, a forex trader for a N.Y. institution, and a FX analyst for a top Fed watching service. John has an MBA in International Finance and an A.B. in Economics from the University of California at Berkeley.
      Copyright 2014, GlobalViewpoint, Inc All rights reserved

       

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      Amazing Trader EVENT RISK Calendar:


      Tue 21 Nov
      15:00 US- Existing Homes Sales
      23:00 US- Yellen Speech
      Wed 22 Nov
      13:30 US- Weekly Jobless
      13:30 US- Durable Goods
      15:00 US- final University of Michigan Survey
      15:30 US- EIA Crude
      19:00 US- FOMC Minutes
      Thu 23 Nov
      US/JP- Holiday
      All Day flash PMIs
      13:30 CA- Retail Sales
      Fri 24 Nov
      All Day flash PMIs
      09:00 DE- IFO Survey
      US- Early Closes

      Forex Trading Outlook


      Potential Trading Opportunities


      • POTENTIAL PRICE RISK: HIGH Mon -- 14:00 GMT EZ- Draghi speaks in Brussels. Looking for any policy hints or bias


      • POTENTIAL PRICE RISK: HIGH Tue -- 13:30 GMT US- Existing Homes Sales. Top Housing Statistic

      • POTENTIAL PRICE RISK: HIGH Tue -- 23:30 GMT US- Yellen Speech. Early evening. Looking for anything on policy


      • POTENTIAL PRICE RISK: Medium Wed -- 13:30 GMT US- Weekly Jobless, Durable Goods
      • POTENTIAL PRICE RISK: Medium Wed -- 15:00 GMT US- final University of Michigan Survey
      • POTENTIAL PRICE RISK: Medium Wed -- 15:30 GMT US- EIA Crude
      • POTENTIAL PRICE RISK: HIGH Wed -- 19:00 GMT US- FOMC Policy Minutes. Key policy release


      John M. Bland, MBA
      co-founding Partner, Global-View.com

      EXCLUSIVE: Global-View Daily Trading Chart Points Updated

      EXCLUSIVE: Global-View Free Forex Database updated




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