Download Stock Trader calendar 2013

Download Stock Trader Almanac 2013 : The Stock Trader's Almanac 2013 is packed with timely insights and targeted analysis to help you navigate turbulent markets and beat the odds in the year ahead. This trusted guide combines over a century's worth of data, statistics, and trends along with vital analysis you won’t get anywhere else.
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Financial market september 27 2012

Financial market september 27 2012, economic calender 9/27/2012 : Unemployment Claims in the US and Current Account in the UK are the major market-movers. Let see what awaits us today.

In the US, Durable Goods Orders, Value the total change in new manufacturers purchase orders for durable goods; reduce is participated now from 4.1% on August down to -4.3% now. While on the Core Durable Goods Orders rise is likely from -0.6% on the last month up to 0.2% this time.
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US New Home Sales report september 26 2012

US New Home Sales report september 26 2012 : In the US, New Home Sales, Value the annualized number of new homes that were sold on the previous month; 381K is expected now from 372K on August.

Later in the US, Crude Oil Inventories, weekly report to measure the  commercial crude oil barrels that are held in inventory, 8.5M is due similar to the last week. Sales of new homes likely rose again in August, further evidence of a sustained recovery in housing.

The expectation was that sales of new homes increased to a seasonally adjusted annual rate of 380,000 in August, according to a survey by FactSet. The Commerce Department will release the report at 10 a.m. EDT.

In July, sales of new homes had increased 3.6 percent to an annual rate of 372,000, matching the May level. Both months were the highest since April 2010 when housing sales were being boosted by temporary government tax credits for home buyers.

In the 12 months through July, sales of new homes were up 25 percent. But even with the increases, new home sales remain well below the annual pace of 700,000 that economists consider healthy.

The house market is making a modest but steady recovery, helped by the Federal Reserve's efforts to give the economy a boost through lower interest rates. The Fed earlier this month announced a third round of bond buying in an effort to stimulate the economy and attack unemployment which has been stuck above 8 percent since early 2009.

Sales of previously occupied homes jumped in August to the highest level since May 2010. Builder confidence is at a six-year high and construction of single-family homes rose last month to the fastest annual rate in more than two years. However, even with the gains, home sales and construction remain well below healthy levels.

Home sales have been bolstered by the lowest mortgage rates on record. The average rate on the 30-year fixed mortgage touched a record low of 3.49 percent last week. The rate has been below 4 percent all year. Some economists are forecasting that the Fed's new program to $40 billion a month in mortgage backed securities will push 30-year mortgages down close to 3 percent in coming months.

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Financial Market outlook september 26 2012

Financial Market outlook september 26 2012 : New Home Sales in the US and CBI Realized Sales in the UK are the main events today.  Here is an outlook on the market-movers awaiting us.

In the US, New Home Sales, Value the annualized number of new homes that were sold on the previous month; 381K is expected now from 372K on August.
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U.S. new home sales august 2012

U.S. new home sales august 2012, U.S. housing market, existing home sales august 2012,: The United States has recorded a modest increase in home sales at 7.8%--the highest achieved in more than two years amidst a sluggish construction industry.

Reports released by the National Association of Realtors said existing home sales reached 4.82 million in August, up from 4.47 million recorded in July. These numbers exceeded the expectation of 4.55 million units sold during the period based on a survey conducted by Reuters.

This positive activity resulted in the increase by 9% to $187,400 of current median prices compared to 2011.

“The housing market is steadily recovering with consistent increases in both home sales and median prices. More buyers are taking advantage of excellent housing affordability conditions,” said NAR’s chief economist Lawrence Yun in an issued statement.

The decision of the Federal Reserve to buy $40 billion in mortgage securities each month is seen to slash interest rates further and free up more liquidity in the market. The remaining obstacle for would-be home buyers is the lending standard for credit scores.

Distressed property sales, including foreclosures and short sales, account for 22% of August sales, lower by 2% compared to the previous month. Inventory moved up 2.9% to 2.47 million units ending August, a 6.1 month supply at the current pace of sales.

An estimated 80% of all new mortgages are refinancing of existing properties, the Mortgage Bankers Association said in a separate statement.

This confirms the trend that some 15% to 20% of existing home purchases are made by investors, who have taken a liking of properties in the cities of New York, San Francisco, Los Angeles and South Florida.

New York-based developer Centurion Real Estate Partners principal John Tashjian told ibtimes.com that it may take two to three more years before home prices will scale up, but, nonetheless, the U.S. property sector is “on the right path to recovery.”

Mr. Tashjian further explained that the Fed’s move to keep benchmark rates low through 2015 boosted confidence in the U.S. housing market.

The changing landscape of the U.S. property sector had so far benefitted the listed home builders including the country’s largest luxury builder Toll Brothers Inc. (NYSE: TOL), ), Lennar Corp. (NYSE: LEN) and PulteGroup Inc. (NYSE: PHM). Shares of said companies have surged by an average 2 to 5% in recent weeks.

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august U.S. non-farm private employment report 9/62012

august U.S. non-farm private employment report 9/6 2012 : U.S. non-farm private employment rose significantly more-than-expected in August, industry data showed on Thursday.

In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 201,000 in August, easily surpassing expectations for an increase of 140,000.

The previous month’s figure was revised up to a gain of 173,000 from a previously reported increase of 163,000.

The report said employment in the private, service-providing sector rose by 185,000 last month, after rising by 156,000 in July.

Employment in the private, goods-producing sector rose 16,000 in August, while manufacturing employment added 3,000 jobs.

Construction employment rose for the third consecutive month, adding 10,000 jobs, marking the best reading since March.

The financial services sector added 8,000 jobs from July to August, marking the thirteenth consecutive monthly gain.

While not viewed as a reliable guide for the government jobs report due Friday, it does give guidance on private-sector hiring.

Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD adding 0.25% to trade at 1.2631.

Meanwhile, U.S. stock index futures held on to gains. The Dow Jones Industrial Average futures pointed to an increase of 0.5% at the open, S&P 500 futures indicated a gain of 0.55%, while the Nasdaq 100 futures signaled a 0.5% advance.

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Financial Market outlook september 5 2012

Financial Market outlook september 5 2012 : BOC Rate Statement in Canada and Employment Change in Australia are the main events today. Here is an outlook on the market-movers awaiting us

In the US, Revised Nonfarm Productivity, Annualized change in labor efficiency in the production of goods and services (not including the farming industry), rise of 0.2% is estimated up to 1.8% now.

In Canada, Bank of Canada (BOC) Rate Statement, BOC primary tool to communicate with investors on monetary policy and discusses the financial outlook. While on the Overnight Rate 1.00% is due similar to the last months.

In Europe, Retail Sales, value the total of inflation-adjusted sales at the retail level; reduce of 0.4% from August down to -0.2% is calculated this time.

More in Europe, German 10-y Bond Auction value the bonds the government sold at auction.

In Great Britain, Services Purchasing Managers’ Index (PMI); Survey to rate the level of business conditions such as employment, new orders, prices and inventories; rise of 0.5 points is expected up to 51.5 points now.

Later in Great Britain, Halifax House Price Index (HPI), shows the price change in the of homes that are financed by Halifax Bank of Scotland (HBOS); 0.23% is likely this month from -0.6% on August.

In Switzerland, Consumer Price Index (CPI); to measures the consumers’ price change of goods and services, rise is likely from -0.5% on August up to 0.1% this time.

Also in Switzerland, Jean-Pierre Danthine, Swiss National Bank (SNB) Governing Board Vice-Chairman, is about to speak in Zurich.

In Australia, Employment Change, value the number of employed people on the previous month, 5.1K is expected now from 14.0K on August.

More in Australia, Unemployment Rate, of the total number of unemployed by percentage that are actively seeking employment, 5.3% is due from 5.2% on August.

In Japan, Masaaki Shirakawa, Bank of Japan (BOJ) Governor, is due to speak in Tokyo.

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Financial market events september 4 2012

Financial market events september 4 2012, economic calender 9/4/2012 : We began the week with ISM Manufacturing PMI in the US and Construction PMI in the UK as the main highlights on today’s outlook. Let’s see what awaits us today.

In the US, The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI), Survey to rate the business conditions such as employment new orders prices etc., rise is likely from 49.8 points on August up to 50.1 points now. On the Final Manufacturing PMI 51.9 points are due similar to the last time. And rise from 39.5 points up to 46.4 points is predicted on the ISM Manufacturing Prices.

Later in the US, Construction Spending 0.4% is due with no change from the last month.

Total Vehicle Sales is due to remain 14.1M with no change from the last report.

In Europe, Spanish Unemployment Change to value the number of unemployed people over the last month, -27.8K is due similar to August report.

Later in Europe, Producer Price Index (PPI), a rise from -0.5% on August up to 0.3% is calculated.

In Great Britain, Construction Purchasing Managers’ Index (PMI), Monthly Survey to value the business conditions like production, prices, supplier deliveries and inventories; due to reduce from 50.9 points on August down to 50.1 points.

Also in Great Britain Halifax House Price Index (HPI), measures the price change of homes that are financed by Halifax Bank of Scotland (HBOS), 0.3% is forecasted now from -0.6% on August.

Finally in Great Britain BRC Shop Price Index, 1.0% is due similar to the last monthly report.

In Switzerland, Gross Domestic Product (GDP), quarterly report to value the all goods and services that are produced by the economy, reduce is expected from 0.7% down to 0.2% now.

In Australia, Reserve Bank of Australia (RBA) Rate Statement, one of the RBA Reserve Bank Board primary tools that are uses to communicate with investors regarding monetary policy and discusses the financial outlook of future decisions. And no change is likely on the Cash Rate 3.50%.

More in Australia, Current Account, value the difference between imported and exported goods, services and so on; -12.3B is forecasted from -14.9B on the last quarter.

Finally in Australia, Australian Industry Group (AIG) Services Index, Survey of business conditions, 46.5 points are due with no change from the last time.

In New Zealand, Australia and New Zealand Banking Group (ANZ) Commodity Prices, no change is likely from the last report and -0.5% is about to remain.

For more about the kiwi, see the NZD/USD forecast.

In Japan, Average Cash Earnings, the total value of employment income that is collected by workers over the last month, -0.3% is due rise of 0.1% from the last time.

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Gold futures prices for week Sept 3-7 2012

Gold futures prices for week Sept 3-7 2012 : Gold futures ended Friday’s session at the highest level since late-March, after Federal Reserve Chairman Ben Bernanke indicated that the U.S. central bank could implement fresh stimulus measures to strengthen the U.S. economic recovery.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery settled at USD1,691.65 a troy ounce by close of trade on Friday, the highest level since March 27.

On the week, gold futures added 1.25%, the second consecutive weekly gain. In August, gold futures rose 4.5%, the largest monthly gain since January.

Gold futures were likely to find support at USD1,634.55 a troy ounce, the low from August 22 and near-term resistance at USD1,699.55, the high from March 27.

Gold prices rallied more than 2% Friday after Fed Chief Bernanke said he was open to more quantitative easing to help boost growth in the U.S. economy.

Speaking at the Fed’s annual symposium in Jackson Hole, Wyoming, Bernanke said the persistently high rate of unemployment was a “grave concern” and reiterated that the central bank was ready to provide additional policy accommodation as needed to shore up growth.

Official data on Wednesday showed that the U.S. economy expanded at a seasonally adjusted annual rate of 1.7% in the three months to June, slightly higher than the preliminary estimate of 1.5%, but remained below the 2-2.5% rate required every quarter to hold the unemployment rate steady.

Bernanke downplayed the risks of quantitative easing and said the program had been effective in providing “meaningful support" to the recovery.

Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central bank would pump more money into the financial system.

Gold gained as much as 15% earlier this year to hit USD1,790 an ounce after the Fed said in January it would keep interest rates near zero until at least late 2014 and indicated that it could introduce a fresh round of asset-purchases.

However, prices have lost almost 6% since late February, as the Fed failed to deliver more easing and amid concerns over the euro zone’s deepening debt crisis, which has fueled demand for the precious metal's hedge, the greenback.

Bernanke’s comments sparked a sell-off in the greenback, which further boosted the appeal of the precious metal.

The dollar index, which tracks the performance of the U.S. dollar against a basket of six other major currencies, declined 0.6% to settle the week at 81.20, the lowest since May 15.

Market players now looked ahead to the European Central Bank’s policy meeting on September 6, amid ongoing expectations the central bank will introduce fresh measures to help stabilize the euro zone's sovereign debt markets.

On Thursday, Italy saw borrowing costs ease at an auction of five and 10-year bonds, reflecting renewed optimism that European leaders are making progress in tackling the region’s debt crisis.

Gold traders will also focus on Friday’s closely-watched report on U.S. non-farm payrolls, which will allow investors to gauge the strength of the faltering labor market and the need for additional easing.

The Fed’s two-day policy meeting beginning September 12 is also on investors’ minds, amid ongoing speculation over how close the U.S. central bank is to implementing more stimulus measures.

Gold prices have rallied in recent weeks, climbing nearly 6% since August 15, amid growing hopes policymakers in the U.S., Europe and China will introduce fresh easing measures to prop up their respective economies.

Expectations of monetary stimulus tend to benefit gold, as the yellow metal is seen as a safe store of value and inflation hedge.

From a technical standpoint, the precious metal has further room to march higher after prices broke above key resistance levels on Friday, indicating bullish chart signals.

Elsewhere on the Comex, silver for December delivery settled at USD31.76 a troy ounce by close of trade on Friday, the highest since April 20. Silver prices rose 3.25% on the week and notched an impressive gain of 12% in August.

Meanwhile, copper for September delivery shed 0.65% over the week to settle at USD3.459 a pound
Copper prices have been under pressure in recent sessions amid ongoing concerns over the outlook for global economic growth.

Data released over the weekend showed that China’s Manufacturing Purchasing Managers Index contracted for the first time in nine months in August, falling to 49.2 from 50.1 in July, as new orders slumped in the face of weakening global demand.

The disappointing data added to growing fears over a deeper-than-expected slowdown in the world’s largest copper consumer.

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Spanish Flash Manufacturing PMI will report sept 3 2012

Spanish Flash Manufacturing PMI will report sept 3 2012 : This report will refer to the monthly developments in Spain’s manufacturing sector. According the previous report the index rose to 42.3%, which means the manufacturing is still contracting;

Spanish Flash Manufacturing PMI report time 14:00 GMT, sept 3 2012

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Weekly Economic Events calendar sept 3-7 2012

Weekly Economic Events calendar sept 3-7 2012 : during last week, the prices of precious metals rallied mainly on the last day of the week following Ben Bernanke’s speech that rekindled the expectations of another QE program in the near future. I still think it’s too early to jump to the conclusion that the FOMC will launch QE3 in the near future. During last week, the Euro also traded up against the USD. Further, other commodities prices such as crude oil also increased. Will gold silver and Euro continue to trade up during this short week (it’s a American holiday on September 3rd)?

There are several important reports, speeches and decisions to be made that may affect the financial markets such as: Mario Draghi’s speech, U.S manufacturing PMI, MPC rate decision and purchase program, GB manufacturing PMI, German bond auction, U.S non-farm payroll report, China’s CPI, Canada’s rate decision, Australia’s GDP for Q2, ECB rate decision and U.S. jobless claims. Here is an economic news calendar forecast for September 3rd to September 7th regarding the U.S., GB, China, Australia, EU, and Canada.

Monday, September 3rd

02:30 – Australian Retail Sales: This monthly report will refer to the developments in Australia’s retail sales report for July 2012. The retail sales (seasonally adjusted) rose by 1% in June; this news may affect the strength of the Aussie dollar;

14:00 – Spanish Flash Manufacturing PMI: This report will refer to the monthly developments in Spain’s manufacturing sector. According the previous report the index rose to 42.3%, which means the manufacturing is still contracting;

09:30 – GB Manufacturing PMI: This report will refer to Great Britain’s manufacturing sector status in August 2012. In the recent report regarding July 2012 the index fell to 45.4%. This rate means the manufacturing sector is contracting at a faster pace; this index might affect GB Pound;

Tentative – ECB President Draghi Speaks: The President of the European Central Bank, Mario Draghi will give a speech at Brussels; there are expectations that the ECB will launch its bond purchase program in the near future, but the tension between the President of German Central Bank and Draghi regarding this program could impede its progress. If the ECB President will refer to this issue or the upcoming ECB rate decision, it could affect the Euro and commodities rates;

Tuesday, September 4th

05:30 – Reserve Bank of Australia – Cash Rate Statement: the overnight money market rate of Australia’s Reserve Bank remained flat at 3.5% – the lowest level since the end of 2009. If the RBA will decide to lower the rate this news may affect the Australian dollar that is strongly linked with commodities prices;

15:00 – U.S. ISM Manufacturing PMI: This report will pertain to the monthly changes in the manufacturing sector on a national level during August 2012. During July 2012 the index edged up to 49.8%, which means the manufacturing is still contracting; this index may affect forex, crude oil and natural gas markets;

2:30 – Australian GDP Second Quarter 2012: This quarterly report will pertain to the Australia’s GDP growth rate during the second quarter of 2012. In Q1 2012, the GDP expanded by 1.3% (seasonally adjusted). The slowdown in China’s growth might also adversely affect the growth of Australia’s GDP. Australia is among the leading countries in exporting commodities such as crude oil and metal ores; if the growth rate will dwindle it could affect the Australia dollar

Wednesday, September 5th

Tentative – German 10 Year Bond Auction: the German government will issue its first bond auction for September; in the previous bond auction, which was held at the beginning of August, the average yield reached 1.42%;

14:00 – Bank of Canada’s Overnight Rate: The Bank of Canada will announce its decision vis-à-vis Canada’s overnight interest rate, which remained unchanged at 1% in the previous decision. The BOC may continue its policy and keep the interest rate unchanged;

02:30 – Australia Employment Report: in the recent report regarding July 2012 the rate of unemployment remained at 5.2%; the number of employed (seasonally adjusted) slightly rose by 14,000 people; the number of unemployed decreased by 2,500 during July compared with June‘s numbers. This report could affect the Australian dollar

Thursday, September 6th

12:00 – Great Britain Bank Rate & Asset Purchase Plan: Bank of England will announce its basic rate for September 2012 and of any changes in its asset purchase plan; as of August the BOE’s rate remained flat at 0.5% and the asset purchase plan also remained £375 billion;

12:45 – ECB Press Conference and Euro Rate Decision: In the July interest rate decision the President of ECB, Mario Draghi cut the EU interest rate by 0.25pp to 0.75%; in August the interest rate remained unchanged. Since many EU countries are still struggling, ECB might decide to make another rate cut in the near future by another 0.255pp. If ECB will cut the rate again, it may affect the Euro to US dollar exchange rate;

13:30 – U.S. Jobless Claims Weekly Report: this update will pertain to the weekly changes in the initial jobless claims for the week ending on August 31st; in the latest report the jobless claims remained unchanged at 374,000; this upcoming weekly report may affect the U.S dollar and consequently the prices of commodities;

15:00 – U.S. ISM Non-Manufacturing PMI: This report will present the developments in the non-manufacturing sector during August 2012. During July 2012 this index edged up to 52.6% – this means the non-manufacturing is still expanding and at a slightly faster pace than before; this index may affect forex and commodities trading;

15:30 – U.S Crude Oil Stockpiles Report: the EIA (Energy Information Administration) will come out with its weekly report on the U.S oil and petroleum stockpiles for the week ending on August 31st; in the previous weekly update for August 24th, stockpiles increased by 4.6 million bl to 1,797 million bl;

15:30 – EIA U.S. Natural Gas Storage Update: the EIA weekly report of the U.S. natural gas market will refer to the recent changes in natural gas production, storage, consumption and prices as of August 31st; in the previous weekly report, natural gas storage rose by 66 Bcf to 3,374 Bcf;

2:30 – Australian Trade Balance: The upcoming report will refer to July 2012. In the recent report, the seasonally adjusted balance of goods and services nearly didn’t change and expanded by only $9 million in June 2012. The export of non-monetary gold rose by $246 million (17%); if the gold exports will continue to rise in July, it might suggest an increase in demand for non-monetary gold ;

Friday, September 7th

09:30 – Great Britain Manufacturing Production: this report will present the yearly rate of GB’s manufacturing production for July; in the last report regarding June the index declined by 2.9% (M-2-M); this news may affect the British Pound;

09:30 – Great Britain PPI Input: this report will refer to the yearly rate of GB’s producer price index as of August 2012; in the previous report regarding July the input price rose by 1.3% (M-2-M); this news may affect the British Pound;

13:30 – Canada’s Employment Report: In the recent employment report for July 2012, unemployment edged up to 7.3%; the employment fell by 30k during the month. The upcoming report might affect the Canadian dollar and consequently the prices of oil and natural gas

13:30 – U.S. Non-Farm Payroll Report: in the recent report for July 2012, the labor market expanded by a higher than expected rate: the number of non-farm payroll employment increased by 163k; the U.S unemployment rate reached 8.3%; if the upcoming report will continue to show growth of above 120 thousand (in additional jobs), this may lower the chances of the Fed introducing additional stimulus plan in 2012; this report may affect not only the U.S dollar, but also commodities prices

Saturday, September 8th 2012

02:30 – Chinese CPI: during July the Chinese inflation rate declined to an annual rate of 1.8%; this rate is well below China’s inflation target of 4% in annual terms. If the inflation will continue to dwindle it could indicate that China’s economic progress continues to slow down; China is among the leading countries in importing commodities such as gold and oil;

Source ; http://www.tradingnrg.com

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August US Nonfarm Payrolls outlook report 9/7/2012

August US Nonfarm Payrolls outlook report 9/7/2012, Nonfarm Payrolls forecast august 2012 : Friday brings the August nonfarm payrolls report. Bernanke’s Friday comment about the “stagnation of the labor market” makes the jobs report significant. The July data showed 163,000 new jobs were created and market participants will watch to see if that sort of growth is maintained. Analysts surveyed by MarketWatch call for August payrolls to have risen by 120,000 and the unemployment rate to tick down to 8.2%.

“If there is a big miss to the downside, the market will aggressively price in a large QE for the Sept. 13 FOMC (Federal Open Market Committee) meeting. If the data is better than expected, the market will slowly price out the QE3,

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US. consumer spending outlook report 8/30/2012

US. consumer spending outlook report 8/30/2012 : Consumer spending in the U.S. probably climbed in July by the most in five months, economists said before a report today. Household purchases, which account for about 70 percent of the economy, rose 0.5 percent last month after being little changed in June, according to the median estimate of 76 economists surveyed by Bloomberg.

Rising purchases suggest consumers bounced back last month after scrimping in June and May, which may set the stage for faster third-quarter economic growth. Even so, costlier gasoline and a jobless rate that has exceeded 8 percent since early 2009 threaten to limit spending gains in the second half of 2012.

“Households spent a little bit more in July, which is encouraging given that over the previous few months spending pretty much stagnated,” said Paul Dales, senior U.S. economist at Capital Economics Ltd. in London. “If we jump forward, I get a bit worried again. I don’t really expect there to be big improvements in household spending in the next few months.”
The Commerce Department will release the spending report at 8:30 a.m. in Washington. Economists’ forecasts ranged from gains of 0.2 percent to 0.7 percent. Spending fell 0.1 percent in May.
The report may also show incomes grew 0.3 percent after increasing 0.5 percent in June, according to the survey median.
An early indicator of consumer purchases, retail sales rose 0.8 percent in July, the most in five months, Commerce Department data showed Aug. 14. Receipts climbed in all 13 sales categories, the first time that’s happened since 2005.

‘Quite Good’
“The back-to-school business has been really quite good,” Ed Stack, chairman and chief executive officer of Dick’s Sporting Goods Inc. (DKS), said during an Aug. 14 earnings call. The Coraopolis, Pennsylvania-based retailer this month boosted its forecast for full-year earnings. “We’ve been very pleased with our business,” he said.

Retail shares have outperformed the broader market this year. The Standard & Poor’s 500 Supercomposite Retailing Index has climbed 24 percent since Dec. 30, compared with a 12 percent gain in the broader S&P 500.

A pickup in employment growth shored up household purchasing power last month. Payrolls rose by 163,000 workers in July, the most since February, according to Labor Department data. At the same time, the jobless rate rose to 8.3 percent, the highest level in five months.
Sustained consumer demand would boost the pace of economic expansion in the U.S. Americans’ purchases increased at a 1.7 percent annual rate in the second quarter, the smallest advance in a year.

Spending Forecast
Economists project consumer spending will increase at a 2 percent rate in the third quarter, according to the median forecast of 78 economists surveyed from Aug. 3 to Aug. 8.

Faster economic growth driven by household spending will probably hinge on bigger job gains. Measures of sentiment, nonetheless, indicate employment prospects are not picking up. The Conference Board’s index of consumer confidence fell in August by the most in 10 months, and the Bloomberg Consumer Comfort Index dropped in the week ended Aug. 19 to the lowest level since January.

Gasoline prices present an additional obstacle. The average price of a gallon of regular gasoline climbed 28 cents since July 30 to reach $3.80 on Aug. 28, according to AAA, the nation’s largest auto club. Prices at the pump will be the highest ever for the U.S. Labor Day holiday, AAA forecast.

Read Full Bloomberg Survey

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weekly jobless claims will be released 8/30/2012

weekly jobless claims will be released 8/30/2012, US. consumer spending report 8/30/2012 ; Data on weekly jobless claims will be released at 8:30 a.m. ET. However, data on personal income and consumer spending for July will alse be released at 8:30 a.m. ET. For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

How economic issues Jackson Hole symposium September 1-2 2012

How economic issues Jackson Hole symposium September 1-2 2012 : Every year since 1978, central bankers from the world over come to Jackson Hole, Wyoming to talk about the current economic issues.

This weekend, on September 1 and September 2, hotshots in the financial world will once again gather for the symposium. Among a long list of topics to be discussed, investors will definitely be on their toes for the plans of two major central banks: the ECB and the Fed.

Bond buying from the ECB?
In recent weeks, there have been speculations that the ECB would intervene in bond markets by buying bonds of peripheral EZ countries to keep their borrowing costs from rising.

Market junkies were hoping to get more clues on the issue at this week's summit.
However, the ECB announced yesterday that head honcho Mario Draghi will not attend the meeting due to a heavy workload in the coming days. In fact, no one from the ECB executive board will make it to the conference!

Of course, the announcement only fueled speculations even further, as investors believe that the central bank is busy ironing out the details of another bond-buying program.

However, don't get too excited just yet. Some analysts warn that Draghi will not let us in on his plans before the German Constitutional Court passes its rule on the legality of the ESM on September 12. That said, I doubt we'll hear any details about bond buying and a yield cap this weekend.

Bernanke Comments on QE3
Back in 2010, our old buddy Big Ben Bernanke basically dropped a bomb at Jackson Hole - a liquidity bomb, that is!

With the U.S. economy down in the dumps, Bernanke announced that the Fed would be introducing another round of quantitative easing measures which infamously became known as QE2. Two years later, could history repeat itself?

Not so fast, my young padawan economists. As it turns out, many doubt that Bernanke will go so far as to use the symposium as a signaling event for the Fed's future monetary policy plans. With the August NFP figures not due until next week, it is unlikely that Bernanke will take a strong position on QE3.

Instead, we can probably expect the Fed Chairman to merely follow the same wait-and-see tone that the Fed has steadfastly stuck to the past few months.

How will the financial markets react?
Many traders may be getting caught up in the euphoria ahead of the meeting and may already be pricing in additional easing measures from both the ECB and Fed.

However, I've got a feeling that many market participants will be disappointed by the results of the symposium. If and when this happens, we could see the dollar rally as optimism for more liquidity dies down.

On the other hand, if there's even the slightest hint that the ECB will push through with putting a yield cap on bond yields, or if Bernanke signals that the Fed is ready to dump billions into the economy, we could see a strong risk rally take place.

In any case, make sure you tune in every now and then and see what's developing at the Jackson Hole Symposium! You never know when a game-changer may rock the markets!

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Economic calendar for 27 - 31 august 2012

Economic calendar for 27 - 31 august 2012 : Ahead of the coming week, we has compiled a list of these and other significant events likely to affect the markets.

Monday, August 27 2012

Markets in the U.K. are to remain closed for a bank holiday.

In the euro zone, the Ifo Institute for Economic Research is to release a report on German business climate, a leading indicator of economic health.

Tuesday, August 28 2012

Australia is to produce industry data on new home sales, a key gauge of economic health.

In the euro zone, Germany is to release data on consumer climate, a leading indicator of consumer spending.

Elsewhere in Europe, the U.K. is to release industry data on house price inflation, while Switzerland is to produce official data on the employment level.

Later in the day, the U.S. is to release a report on consumer confidence, a leading indicator of economic health, as well as industry data on house price inflation.

Wednesday, August 29 2012

Australia is to produce official data on construction work done, an important gauge of the construction industry.

In the euro zone, Germany is to release preliminary data on consumer price inflation, which accounts for a majority of overall inflation.

Switzerland is to publish an index of leading economic indicators, which is designed to predict the future direction of the economy.

Canada is to release official data on raw materials price inflation, an important indicator of consumer inflation.

The U.S. is to produce revised data on second quarter gross domestic product, the broadest measure of economic activity and the primary gauge of the economy's health. The country is also to release industry data on pending home sales, as well as official data on crude oil stockpiles and the Federal Reserve’s Beige Book.

Thursday, August 30 2012

New Zealand is to release official data on building consents, a leading gauge of future construction activity, followed by a report by the Reserve Bank of New Zealand on business confidence.

Australia is to produce official data on building approvals, a key gauge of future construction activity, as well as on private capital expenditure.

Japan is to publish a government report on retail sales, the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

In the euro zone, official data is to be produced on German unemployment change. Separately, Italy is to hold a ten-year government bond auction.

Elsewhere in Europe, the BoE is to publish a report on net lending to individuals.

Later in the day, Canada is to release official data on the current account.

The U.S. is to produce official data on personal consumption expenditures and personal spending. In addition, the annual economic symposium in Jackson Hole, Wyoming is set to begin.

Friday, August 31 2012

Japan is to produce official data on household spending, followed by a report on consumer price inflation in the Tokyo area. The country is also to publish preliminary data on industrial production. Elsewhere, the RBA is to release a report on private sector credit.

The euro zone is to publish preliminary data on consumer price inflation, which accounts for the majority of overall inflation, as well as official data on the unemployment rate throughout the single currency bloc. Germany is to produce official data on retail sales, the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

The U.K. is to release a report on consumer confidence, an important indicator of economic health.

Later Friday, Canada is to produce a report on second quarter GDP, the broadest measure of economic activity and the primary gauge of the economy's health.

The U.S. is to round up the week with a report on Chicago’s purchasing managers’ index as well as revised data by the University of Michigan on consumer sentiment, as well as official data on factory orders.

Federal Reserve Chairman Ben Bernanke is also scheduled to speak at the Jackson Hole Symposium; his comments will be closely watched for any indications on the future possible direction of monetary policy.

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German consumer climate release date on 8/28/2012

German consumer climate release date on 8/28/2012 ; Germany is to release data on consumer climate, a leading indicator of consumer spending For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

German business climate outlook report 8/27/2012

German business climate outlook report 8/27/2012 : the Ifo Institute for Economic Research is to release a report on German business climate, a leading indicator of economic health.

A slew of data next week will show how badly Germany has been scarred by the euro zone crisis as its companies fear for key European export markets and the only vital support comes from consumers.

Three years into the debt crisis, growth in Europe's largest economy slowed in the second quarter of 2012 to 0.3 percent and a string of increasingly gloomy data has even raised the possibility of a second-half contraction.

The Ifo business climate index, Germany's most influential leading indicator of economic health, is forecast to slip for the fourth month in a row, confirming a change in trend.

"The economy has slowed significantly. The German economy will likely weaken slightly in the second half," said Commerzbank economist Ralph Solveen. "For a long time the debt crisis seemed not to bother German businesses. Only in the last three months Ifo has fallen significantly."

Ifo, seen down at an almost 3-1/2 year low of 102.6 from 103.3 in July, should confirm what hard data from the Purchasing Managers' Indicator (PMI) already showed this week: Germany's hitherto steady resilience to the crisis is waning.

Orders from abroad for Germany's manufacturing goods, a mainstay for the economy, fell this month at the fastest rate since April 2009. That will likely be reflected in Ifo's sub-index on business expectations, which is also seen dropping for a fourth consecutive month.

The slowdown carries risks for German Chancellor Angela Merkel as she seeks a third term in office next year and could tie her hands when it comes to bailing out indebted peers, especially if a nascent rise in unemployment accelerates.

For August, unemployment is expected to stay at 6.8 percent, still near post-reunification lows but following four months of rises in the number of people out of a job. Jobless data are due on Thursday.

While businesses are feeling the pain, consumers have so far continued to spend, mostly on big-ticket items, as low interest rates make saving unattractive. The GfK consumer sentiment survey, due out on Tuesday, is expected to be unchanged going into September after inching higher a month earlier.

Inflation is expected to tick up to 1.8 percent - or 2.0 using the EU measure - but policy makers do not see that as a risk to the economy.

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US. New Home Sales report 23 august 2012

US. New Home Sales report 23 august 2012 : US home sales and prices rose moderately in July amid signs that the worst housing crisis in living memory may be coming to an end.

According to the National Association of Realtors (NAR) existing home sales rose 2.3% to an annual rate of 4.47m units last month, a figure just below analysts' expectations. The median price for a home resale nationwide was $187,300 in July, 9.4% higher than in the same month a year earlier.

Estimates in the Bloomberg survey ranged from 4.3 million to 4.8 million. The prior month’s pace was unrevised at 4.37 million, the lowest since October.
The median price of an existing home jumped 9.4 percent from a year earlier, the biggest 12-month gain since January 2006, to $187,300 from $171,200 in July 2011, today’s report showed.

Compared with a year earlier, purchases increased 11 percent before adjusting for seasonal variations.

The number of previously owned homes on the market climbed 1.3 percent to 2.4 million. At the current sales pace, it would take 6.4 months to sell those houses compared with 6.5 months at the end of the prior month. The group said it considers 6 months’ supply “normal.”

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US Unemployment Claims report 23 august 2012

US Unemployment Claims report 23 august 2012 : Several key reports will be made available on Thursday, including the Unemployment Claims report in the United States, which will be released at 12:30pm GMT. Also in the U.S., the New Home Sales numbers will be made available.

US Unemployment Claims forecast
US 4-Week Moving Average of Initial Claims for Unemployment Insurance is at a current level of 363.75K, a decrease of 5.50K or 1.49% from last week. This is a decrease of 42.25K or 10.41% from last year and is higher than the long term average of 363.53K.

US Unemployment Claims report 23 august 2012
According to the Labor Department, the americans that filed in their first initial claims for regular state unemployment-insurance benefits rose by 4K last week to a seasonally adjusted 372K in the week ended August 18, missing expectations at 365K and coming from 368K (revised) in the previous print.

Continuing claims, which reflect people already receiving benefits, rose by 4K to a seasonally adjusted 3.317 million in the week ended August 4 vs. 3.313 million in the previous week (revised).

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