Part 2: Coming Week Market Movers
The following is a weekly strategy guide for traders and investors, covering coming week likely market moving events/forces for traders of all major asset classes via both traditional instruments and binary options. Perfect for those seeking a summary of likely coming week market movers.
See here for Part 1Ongoing EU Crisis Developments
Kind of like marital troubles, you know in advance you’ll have some, you just don’t know how and when. Remarkably, last week, all except bond markets ignored a steady stream of bad news from the EU.We expect some greater concern about the EU this week to be reflected in risk asset prices. Though this week’s calendar is a typically packed first week of the month, even the highly anticipated US jobs reports don’t pack the long term potential impact of last week’s anticipated new stimulus announcements. Thus markets may well return their focus to the EU’s steady slide. See part 1 for all the gory details.Top Economic Calendar Events
Like any first week of the month calendar, this one is packed, and topped off with Friday’s climactic US monthly jobs reports, and seeded with earlier reports that can move markets because they provide clues about the outcome of the Friday jobs reports. Here are the top events to watch.EUR GERMAN CONSUMER PRICE INDEX (Y/Y) AUGUST 29
Relatively higher interest rates set by the ECB appear to have succeeded in easing price pressures in the Euro-zone’s largest economy, with an expected CPI (consumer price index) reading to show the first month of deflation since January.EUR ECB PRESIDENT TRICHET SPEAKS
Possible latest hints on how ECB plans for dealing with EU crisisUSD CONSUMER CONFIDENCE (M/M) AUGUST 30
Months of poor data including weak jobs, spending, GDP and housing reports, a humiliating debt ceiling debate that divided the country politically and undermined confidence in Washington’s ability to address debt issues in a decisive and timely manner, and a recent drop in equity markets is likely to continue to weigh on sentiment.USD ADP NFP CHANGE AUGUST 31
Significant only insofar as it hints at the outcome of the official BLS Friday report. Not an especially accurate indicator but it does tend to get the direction (increase/decrease) right.CAD GROSS DOMESTIC PRODUCT ANNUALIZED (2Q, Y/Y) AUGUST 31
Canadian gross domestic product data has tailed-off, with last month’s growth rate falling to -0.3 % pace. The negative growth is expected to be reflected on Wednesday, when the quarterly figure, on an annualized basis, is expected to show no change – flat growth at 0.0 %. Note however that the Canadian economy is the only major economy to have regained and added jobs since the recession, so Canada is insulated from the worst of the global slowdown. Note however that about 75% of Canadian exports go to the US, so much of Canada’s fate is tied to that of its neighbor to the South.CHINA MANUFACTURING PMI, HSBC FINAL MANUFACTURING PMI SEPTEMBER 1ST
As the world’s leading growth engine this data matters, quite bullish if decisively positive, bearish if negative, especially in the Asian markets.
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DISCLOSURE /DISCLAIMER: THE ABOVE IS FOR INFORMATIONAL PURPOSES ONLY, RESPONSIBILITY FOR ALL TRADING DECISIONS LIES SOLELY WITH THE READER. IF WE REALLY KNEW WHAT WOULD HAPPEN, WE WOULDN’T BE TELLING YOU FOR FREE, NOW WOULD WE?