Economic Data& Upcoming Events & Speeches For Today

Hi everyone,

Today i would like to share with you some important information that every trader should know before he/she start his/her day in forex market and this is what i am doing everyday is to make my coffee and set real and follow up with the upcoming news because those are the keys for successful trade everyday.

ECONOMIC DATA

GMT	Currency	Release	Survey	Previous	Comments
23:50	JPY	Japan Buying Foreign Stocks (Yen) (OCT 10)		¥439.0B	Last week, Japan’s investors bought thegreatest amountof foreign stocks since 2009. Foreign investors have been buying Japanese bonds at an increasing rate; the most bonds since June 2011.
23:50	JPY	Japan Buying Foreign Bonds (Yen) (OCT 10)		-¥179.0B
23:50	JPY	Foreign Buying Japan Bonds (Yen) (OCT 10)		¥1224.0B
23:50	JPY	Foreign Buying Japan Stocks (Yen) (OCT 10)		¥186.5B
1:45	CNY	MNI October Business Indicator			China’s GDP forecasts have been downgraded by the IMF. China has reported weaker than expected trade numbers.
6:00	EUR	EU 25 New Car Registrations (SEP)		2.10%	Has been increasing at a slowing rate this year. Not likely to impact FX markets though.
9:00	EUR	Euro-Zone Construction Output s.a. (MoM) (AUG)		0.00%	Increasing at a slowerrate (YoY). However, these measures aren’t likely to be major market movers as they are from the month of August
9:00	EUR	Euro-Zone Construction Output w.d.a. (YoY) (AUG)		0.40%
12:30	CAD	BoC Consumer Price Index Core (YoY) (SEP)	2.10%	2.10%	Inflation can greatly affect the BoC decision on interest rate increases. If Inflation is strongly above the BoC target of 2%, it would put pressure on the BOC to increase rates. Inflation has been rising on a YoY basis and it is currently meeting the BoC’s inflation target. Not likely to change policy if inflation is stronger than expected.
12:30	CAD	Consumer Price Index (YoY) (SEP)	2.00%	2.10%
12:30	USD	Housing Starts (SEP)	1005K	956K	With the housing market recovering from the 2007-2007 slump. Housing permits and building permits have been stable this year growing around 1000k per month. Lower interest rates as evidenced by lower treasury yields might give the housing market a boost.
12:30	USD	Building Permits (SEP)	1030K	1003K
12:30	USD	Building Permits (MoM) (SEP)	2.70%	-5.10%
12:30	USD	Housing Starts (MoM) (SEP)	5.10%	-14.40%
13:55	USD	U. of Michigan Confidence (OCT P)	84.1	84.6	It has been rising at an increasing rate; might signal a stronger US economy. It should be watched to see if confidence this month is going to be affected by fears of a global slowdown, market volatility, etc.

GMT	Currency	Upcoming Events & Speeches
6:45	GBP	GBP BOE Chief Economist Andy Haldane Speaks in Kenilworth, England
7:45	EUR	ECB’s Constancio Speaks in Frankfurt
8:00	EUR	ECB’s Ewald Nowotny Speaks at Vienna Gewinn Messe Retail Fair
10:00	EUR	EURO stat Release First GDP Estimates After ESA 2010 Adoption
10:00	EUR	ECB Announces 3 year LTRO Repayment
12:30	USD	Fed’s Yellen Speaks at Boston Fed Conference on Inequality

brought to you by dailyfx.com

Good luck and happy weekend 🙂

We Do Not Care About Oil Price – K.S.A Said

Every body in the financial market knows that Saudi is the biggest oil export in the middle east and they almost control the price of it because they live on a huge pool of it.

And what is going to support my idea what Bloomberg.com posted today under :

Don’t Mess With Saudis in Oil Bear Market Global Shakeout

Definitely, true because it is the world’s largest oil exporter is trying to protect its market share by keeping its production steady even as prices hit a four-year low. Energy producers in turmoil, such as Russia, Iran and Venezuela, stand to lose the most, U.S. shale drillers and other Saudi rivals will suffer and industrialized importing countries including Japan will get a boost from cheaper prices.

“Saudi Arabia is the only one in the position of putting more oil on the market when they want to and cutting production when they want to,” said Edward Chow, a senior fellow at the Center for Strategic & International Studies in Washington. “Consumers win, producers lose.”

Brent crude, the international benchmark, fell as much as 29 percent since June 19 to $82.60 a barrel, the lowest since November 2010. Prices have averaged above $105 a barrel since 2011, the four highest years on record. Brent will stay higher than $80 a barrel, analysts at Bank of America Corp. and BNP Paribas SA said yesterday.

While cheaper crude erodes Saudi Arabia’s income, too, the country has enough reserves and credit to withstand the slump, Chow said. The kingdom needs $83.60 a barrel to balance its budget, and the central bank has $734.7 billion in reserve assets, the International Monetary Fund said. The Saudis ran deficits from the mid-1980s until the late 1990s and may be prepared to do so again, according to Chow. Brent traded at $82.96 as of 12:58 p.m. in London.

Calls requesting comment from the Saudi Oil Ministry were not returned.

Some Softness In The US Retail Sales In This Month

As we saw today that the EUR/USD rally 200-pip after US retail sales report that shows dropping more than forecast in September on a broad pullback in spending that indicates American consumers provided less of a boost for the economy in the third quarter.

The 0.3 percent decrease followed a 0.6 percent August gain that was the biggest in four months, Commerce Department figures showed today in Washington. Sales fell at auto dealers, furniture stores, building-supply outlets and clothing merchants. The median forecast in a Bloomberg survey of economists called for a 0.1 percent drop.

An absence of bigger wage gains limits purchasing power and makes it difficult for consumer spending to accelerate even as employers step up hiring. The figures, along with others showing slower manufacturing growth and less inflation, add to concerns of weaker global growth that are battering the stock market.

“The fact that real wages and salaries haven’t picked up that dramatically, it puts a ceiling on how much spending can accelerate,” said Omair Sharif, a U.S. economist at RBS Securities Inc. inStamford, Connecticut. “It seems like relatively widespread softness in spending. The pickup in consumption that we’re all waiting for hasn’t quite taken off yet.”

Sharif and his RBS colleagues were the top sales forecasters over the past two years, according to data compiled by Bloomberg.

Photographer: Craig Warga/Bloomberg

A shopper walks past mannequins displayed at a store in New York. Purchases at clothing…Read More

Another report showed manufacturing in the New York area cooled this month. The Federal Reserve Bank of New York’sEmpire State Index (EMPRGBCI) dropped to 6.2 from an almost five-year high of 27.5 the prior month. Readings greater than zero signal growth and the decrease from September was the biggest since November 2010.

But the pair has been relatively quiet after that and bids start at 1.2755, which is the 55% retracement of today’s move. More at the post-rally bounce level of 1.2743. More at 1.2700 and starting to get a bit larger. More at 1.2690 and 1.2669.

Offers around 1.2790, more at 1.2815/20 and 1.2865. Today’s high of 1.2886 is another one to watch ahead of rumored strong offers at 1.2900.

The GBP/USD Decline 175 pips Today

Today Tuesday Oct. the 14th , The GBP/USD  open with 1.6072 and raised up to 1.6079 early day then started to decline till 1.5904 , This tumbling cause by a report showed U.K. inflation slowed to the least in five years last month, adding to pressure on the Bank of England to keep interest rates at record lows.

Sterling weakened versus all but two of its 16 major peers after a report showed annual consumer-price growth slowed to 1.2 percent, from 1.5 percent in August. U.K. 10-year government bonds climbed for a seventh day, the longest winning run since August 2011, pushing the yield to thelowest in more than a year. Yields on two-year gilts, more sensitive to rate expectations, fell the most since August, while short-sterling futures contracts rose.

“The market spent the first half of the year getting excited about how quickly the BOE might have to hike,” said Daragh Maher, a foreign-exchange strategist at HSBC Holdings Plc in London. “Now they’re having to delay those expectations. The real surprise is that there’s not been an even bigger sterling selloff in response to this sizable downside surprise.”

The pound fell 1 percent to $1.5925 as of 2:34 p.m. London time after dropping to $1.5905, the lowest since Nov. 13. Sterling depreciated 0.2 percent to 79.44 pence per euro, after reaching 79.56 pence, the weakest level since Sept. 17.

Today’s consumer-price data mark a ninth month below the BOE’s 2 percent inflation target. A separate report from the British Retail Consortium and KPMG LLP showed retail sales unexpectedly fell last month from a year earlier.

Like-for-like retail sales dropped 2.1 percent in the year through September, compared with the 1 percent increase predicted by economists surveyed by Bloomberg.

Help, The US Dollar Saying This Week

As we saw today that the US dollar was weak against most of the major currencies in the market as Fed officials Warn on Slowing Growth.

Fed Governor Daniel Tarullo said the central sees downside risks for global growth, which policymakers will have to consider when setting monetary policy. Chicago Fed President Charles Evans – a perennial dove – said inflation is trending below the Fed’s 2 percent target at around 1.5 percent and cited the stronger US Dollar as a “headwind”. Vice Chair Stanley Fischer proved most blunt, saying: “If foreign growth is weaker than anticipated, the consequences for the US economy could lead the Fed to remove accommodation more slowly than otherwise.”

Also:

The dollar weakened 0.3 percent to $1.2669 per euro. It also declined 0.2 percent to 107.40 yen and touched 107.06, the weakest level since Sept. 16. Japan’s currency was little changed at 136.13 per euro.

The real rallied 1.8 percent to 2.3852 per dollar as a poll published on the website of IstoE magazine showed Neves leading President Dilma Rousseff 52.4 percent to 36.7 percent.

“The political debate tends to remain the main driver for currency trading,” Deives Ribeiro, a foreign-exchange manager at Fair Corretora de Cambio e Valores in Sao Paulo, said by phone. “Investors liked to see Neves ahead of Rousseff.”

The Aussie rose versus all except one of its 31 major counterparts as a Chinese report showed imports increased 7 percent last month from a year earlier, compared with the median estimate for a 2 percent decline. China is Australia’s largest trading partner.

The currency gained 0.9 percent to 87.65 U.S. cents after sliding to 86.43 cents on Oct. 3, the lowest since July 2010.

According to Bloomberg.com.

The New HP = PC + Servers And Others ?

Hewlett-Packard try to go on and follow up with world wild fast development but in as a one company as i see, because what is posted in economist.com as a headline is

Split today, merge tomorrow, is kind of strange to me specially when they said this week that it would split into two firms, one selling personal computers and printers and another selling servers and other business equipment and services, there was a touch of déjà vu. Three years ago HP’s then boss, Léo Apotheker, said he would sell the PC division (though not printers) to focus on higher-margin software and services. But Mr Apotheker was sacked before he could execute his plan, and the one big move of his brief tenure—the $11.7 billion purchase of Autonomy, a software firm—turned into a disaster when accounting irregularities surfaced.

His successor, Meg Whitman, abandoned the break-up plan, arguing that HP would be stronger as a single entity, using its size to extract better terms from suppliers and to spread overheads. Now Ms Whitman is arguing that the company is better prepared for a split. Its balance-sheet is stronger, which means HP’s offspring can be endowed with the means to flourish on their own. And the printer and PC divisions have been merged, into an entity to be known as HP Inc.

And to read more click here.

The US Dollar Back Stronger This Friday.

We can see today that the Dollar gains most of the major currencies, erasing its decline since minutes of the Federal Reserve’s most recent meeting showed policy makers are concerned the U.S. economy may be at risk from a worldwide slowdown.

The U.S. currency rose against most of its 31 major peers. The yen has strengthened this week against the euro as European Central Bank President Mario Draghi said there were indications the region’s economy is losing momentum, boosting demand for haven assets. Australia’s dollar fell for a second day after a report showed home loans unexpectedly dropped, while Norway’s krone slid as inflation accelerated less than economists forecast.

“The market’s just trying to get its bearings after a volatile week,” said Joe Manimbo, a market analyst in Washington at Western Union Business Solutions, a unit of Western Union Co. “The dollar, fresh off its record rally, and with Fed concerns on the rise about the potential impact to the economy from currency appreciation, overall the dollar could see a slower pace of appreciation. But broader term, it looks good.”

The U.S. Dollar Index rose 0.5 percent to 85.93 as of 3:52 p.m. New York time. The measure is down 0.9 percent over the past five days, snapping the longest weekly streak of gains since 1971, when the Bretton Woods agreement that pegged the U.S. currency to gold collapsed.

The dollar was little changed at 107.77 yen, and poised for a weekly decline of 1.8 percent, the first since the period ended Aug. 8. The U.S. currency rose 0.7 percent to $1.2607 per euro. The yen appreciated 0.7 percent to 135.89 per euro.

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9th of Oct. Another Chance To Get Rich

As we spoke before about the keys to get the best of your trade in the forex Industry but enriching your library but the easiest ways to get profit from the market and using the news technology to hunt the daily chances.

And one of the moderate ways is buy attending the webinars of the leading companies in the market and leaning the new and easy tools to get richer.

Therefore, i wanted to invite you my dearest friends and  followers to the best of the best, Activtrades webinar by Mr. Paul wallace and it is free while he will explain about an Exclusive ActivTrades Tools: Smart Order / SmartLines.

Also, there are many of the most important topics will be discussed in this month by the best brokers in the market like How to analyse a market with Technical Analysis for Mr. Paul wallace and Live Market Analysis – End of 2014 Scenarios for Mr. Malte Kaub.

So, let is take this chances and all the webinars are for free, just click here and register for it.

Good luck for all 🙂

Contraction In The Areas Of Authority Of The Islamic State

All the eyes now in the meddle east is on the situation in the triangle between Iraq, Syria and Turkey where is the authority of the Islamic State ( ISIS ) extend.

And the US Air force still attacking the bases of the Islamic State army near to the Turkish and Syrian boarders.

Also, Bloomberg reported that :

Islamic State militants pushed further into Kobani on Syria’s border with Turkey and battled Kurdish fighters inside the town, as the U.S.-led coalition stepped up airstrikes in the region.

About 2,000 militants entered Kobani late yesterday, Turkey’s Anadolu news agency said. The Kurdish agency Firat reported fierce clashes in eastern and southern districts. Airstrikes late yesterday and today against the group’s positions “were effective and have slowed their advance,” Ibrahim Kurdo, a local official, said by phone, describing the Kurdish position as “better than it was two days ago.”

U.S. and allied planes carried out five strikes around Kobani yesterday and today, destroying an Islamic State unit and several armed vehicles, Central Command said in an e-mailed statement.

Read more here.

The NBA will receive $24 billion over nine years

We all , and i mean all watching the NBA and we love this game, it is the most popular game in the world after the football ( soccer ), we are following the news and watching the matches but not only we are interested about that game. Also the big companies like Walt Disney, Time Warner are interested to make money from that game.

And this is what they said that according to Bloomberg.com 

Walt Disney Co. (DIS) and Time Warner Inc. (TWX) renewed their contracts to carry National Basketball Association games through the 2024-25 season, tripling payments to the league and locking in coveted live sports programming before other networks could bid.

The NBA will receive $24 billion over nine years, said a person familiar with the matter, who asked not to be identified because the terms are private. Time Warner (TWC)’s TNT and Disney’s ESPN and ABC networks pay the NBA about $930 million a year combined in a deal that was set to expire at the end of 2015-2016 season.

Disney and Time Warner used an exclusive window to retain a key contract that represented the last major U.S. sports rights that were available until 2021. Live sporting events like the NBA are ratings gold mines, helping the networks boost viewership and licensing fees from cable and satellite-TV distributors. The deal is crucial to Time Warner Chief Executive Officer Jeff Bewkes’s plan to turn around his Turner Broadcasting Division, which includes TNT, and increase its fees.

“These new agreements demonstrate the value of live sports in a DVR world,” NBA CommissionerAdam Silver said at a news conference. “These are extraordinarily healthy deals, financially.”

Disney’s ABC and ESPN will air 100 games a season, while the TNT package will increase to 64 games, 52 during its Thursday night coverage and an additional 12 “marquee” games that will air during the second half of the season, the league said in a news release. TNT will remain the host of the NBA All-Star Game, and Turner will continue to manage the league’s digital portfolio, increasing NBA programming for its Bleacher Report website. ESPN also will receive enhanced assets for its online platforms.

I love this game 🙂