There are only a few news releases from the US this week, but many news releases from Europe and Asia. The US has two high volatility news releases, while Europe has five high volatility news releases, and Asia has seven high volatility news releases. The US markets will probably experience their usual level of volatility and price movement, while the European and Asian markets will probably experience some significant volatility and price movement throughout this week.

The US, European, and Asian news releases for this week are as follows (all times are Greenwich Mean Time, which is now 1 hour behind Central European Time, and 5 hours ahead of US Eastern Time) :

US

• Monday : No News Releases
• Tuesday : FOMC News Conference at 2:15 PM, Economic Optimism at 3:00 PM, FOMC News Conference at 3:05 PM, Loan Survey at ??:?? ?? (Unknown Time), and FOMC News Conference at 8:30 PM
• Wednesday : No News Releases
• Thursday : Unemployment Claims at 1:30 PM, Oil Inventories at 4:00 PM, and Budget Balance at 7:00 PM
• Friday : Trade Balance, and Import Prices at 1:30 PM, Consumer Sentiment, and Inflation Expectations at 2:55 PM, Natural Gas Storage at 3:30 PM, and FOMC News Conference at 4:30 PM

• This week's US news releases that should cause high volatility are shown in bold type. There are only a few US news releases this week, and only two high volatility news releases. The US markets will probably experience their usual level of volatility and price movement throughout this week.

Europe

• Monday : Germany Trade Balance at 7:00 AM, EU Investor Confidence at 9:30 AM, and Germany Industrial Production at 11:00 AM
• Tuesday : UK Retail Sales, and House Price Balance at 12:01 AM, Germany CPI, and WPI at 7:00 AM, France Industrial Production at 7:45 AM, Italy Industrial Production at 9:00 AM, UK Trade Balance, and HPI at 9:30 AM, and Germany Economic Sentiment, EU Economic Sentiment, and UK Leading Index at 10:00 AM
• Wednesday : UK Claimant Count Change, Average Earnings Index, and Unemployment Rate at 9:30 AM, UK Central Bank News Conference, and Inflation Report at 10:30 AM, and Germany Bundesbank News Conference at 5:00 PM
• Thursday : EU Central Bank Bulletin at 9:00 AM, Switzerland Economic Expectations, and EU Industrial Production at 10:00 AM, Switzerland News Conference at 5:00 PM, and EU Central Bank News Conference at 7:00 PM
• Friday : UK Financial Stability Report at ??:?? ?? (Unknown Time), Germany GDP at 7:00 AM, France Non Farm Payrolls, and CPI at 7:45 AM, France GDP at 7:50 AM, Switzerland PPI at 8:15 AM, Italy GDP at 9:00 AM, EU GDP at 10:00 AM, and Germany Bundesbank News Conference at 1:15 PM

• This week's European news releases that should cause high volatility are shown in bold type. There are many European news releases this week, and five high volatility news releases. The European markets will probably experience some high volatility and significant price movement throughout this week.

Asia

• Monday : Australia Home Loans, and Job Advertisements at 12:30 AM, Australia Central Bank News Conference at 3:20 AM, and Japan Bank Lending, Current Account, and Money Stock at 11:50 PM
• Tuesday : Australia Business Confidence at 12:30 AM, China Money Supply, and New Yuan Loans at ??:?? ?? (Unknown Time), Japan Economy Watchers' Sentiment at 5:00 AM, Japan Machine Tool Orders at 6:00 AM, New Zealand Financial Stability Report at 8:00 PM, New Zealand FPI at 9:45 PM, Australia Consumer Sentiment at 11:30 PM, and Japan Machinery Orders at 11:50 PM
• Wednesday : China Industrial Production, CPI, Fixed Asset Investment, National Bureau of Statistics News Conference, PPI, and Retail Sales at 2:00 AM, China Trade Balance at ??:?? ?? (Unknown Time), New Zealand Manufacturing Index at 9:30 PM, New Zealand Retail Sales at 9:45 PM, and Japan CGPI at 11:50 PM
• Thursday : Australia Inflation Expectations at 12:00 AM, and Australia Employment Change, and Unemployment Rate at 12:30 AM
• Friday : China Foreign Direct Investment at ??:?? ?? (Unknown Time), Japan Industrial Production at 4:30 AM, and Japan Household Confidence at 5:00 AM

• This week's Asian news releases that should cause high volatility are shown in bold type. There are many Asian news releases this week, and seven high volatility news releases. The Asian markets will probably experience their usual high volatility and significant price movement throughout this week.

The second of the japanese candlestick patterns that require two separate candlesticks (i.e. the double candlestick patterns) to be explained are the bullish and bearish harami. The bullish harami and the bearish harami are similar but opposite to the bullish and bearish engulfing patterns, and are therefore also relatively easy to identify on a price chart, and in the appropriate contexts they can be used as trade entry and trade exit signals.

I recently reviewed the statistical trading book High Probability ETF Trading by Larry Conners, which provides several statistical trading strategies that are specifically designed for trading ETF (Exchange Traded Fund) markets. Trading Markets (Larry's company and the book's publisher) has just released a new ETF trading tool that goes hand in hand with the book.

The tool is called ETF PowerRatings, and it provides statistical rankings for many ETF markets that are designed to indicate whether each ETF should be bought or sold (or neither). The ETF rankings are based upon statistical analysis of the ETF markets from 2003 to 2009, and while the exact analysis method is not disclosed, it is most likely very similar to the analysis that is used in the book (which would be expected).

I have reviewed the ETF PowerRatings tool, and to be honest, when I first saw the tool, I was not overly impressed, because the tool simply seemed to be saying buy or sell without providing any additional information. However, the tool also provides charts of each ETF market with the buying and selling indications marked on the chart (as shown above), so it is possible to see exactly where each buying and selling indication occured. This provides a much more useful view of the buying and selling indications, and makes the tool much more useful.

If you are an ETF trader or a statistical trader, or if you have read High Probability ETF Trading, the ETF PowerRatings tool may be of interest to you. The ETF PowerRatings tool, and further information about the tool, are available at the Trading Markets web site. The tool is available for free for seven days (i.e. a free trial), after which it costs $79.95 per month (before any yearly discounts).

Note that while I have tested the ETF PowerRatings tool, I have not reviewed any of the trades that it would have indicated, so as usual, I recommend that traders perform their own testing of the tool (which could easily be done during the seven day trial) before they make any of the trades that are suggested.

There are several news releases from the US this week, and many news releases from Europe and Asia. The US has nine high volatility news releases, while Europe has ten high volatility news releases, and Asia has ten high volatility news releases. Markets from all three regions will probably experience some significant volatility and price movement throughout this week.

The US, European, and Asian news releases for this week are as follows (all times are Greenwich Mean Time, which is now 1 hour behind Central European Time, and 5 hours ahead of US Eastern Time) :

US

• Monday : PMI ISM Manufacturing, Pending Home Sales, Construction Spending, and ISM Manufacturing Prices at 3:00 PM, and FOMC News Conference at 8:00 PM
• Tuesday : Factory Orders at 3:00 PM, Vehicle Sales at ??:?? ?? (Unknown Time), and Loan Survey at ??:?? ?? (Unknown Time)
• Wednesday : Job Cuts at 12:30 PM, Non Farm Employment Change at 1:15 PM, PMI ISM Non Manufacturing at 3:00 PM, Oil Inventories at 3:30 PM, and FOMC News Conference, and Federal Funds Rate at 7:15 PM
• Thursday : Unemployment Claims, Non Farm Productivity, and Unit Labor Costs at 1:30 PM, and Natural Gas Storage at 3:30 PM
• Friday : G20 Meeting at ??:?? ?? (Unknown Time), Non Farm Employment Change, Unemployment Rate, and Average Hourly Earnings at 1:30 PM, FOMC News Conference at 2:45 PM, Wholesale Inventories at 3:00 PM, FOMC News Conference at 4:30 PM, and Consumer Credit at 8:00 PM

• This week's US news releases that should cause high volatility are shown in bold type. There are several US news releases this week, and nine high volatility news releases. The US markets will probably experience some significant volatility and price movement throughout this week.

Europe

• Monday : Switzerland PMI at 8:30 AM, EU PMI Manufacturing at 9:00 AM, UK HPI at ??:?? ?? (Unknown Time), UK PMI Manufacturing at 9:30 AM, and Switzerland News Conference at ??:?? ?? (Unknown Time)
• Tuesday : UK PMI Construction at 9:30 AM, and Germany Bundesbank News Conference at 5:00 PM
• Wednesday : UK Consumer Confidence, and Shop Price Index at 12:01 AM, EU PMI Services at 9:00 AM, UK PMI Services at 9:30 AM, and EU PPI at 10:00 AM
• Thursday : Switzerland Consumer Climate at 6:45 AM, Switzerland CPI at 8:15 AM, UK Manufacturing Production, and Industrial Production at 9:30 AM, EU Retail Sales at 10:00 AM, UK Asset Purchase Facility at 12:00 PM, UK MPC Rate at ??:?? ?? (Unknown Time), UK Official Bank Rate at 12:00 PM, EU Minimum Bid Rate at 12:45 PM, and EU Central Bank News Conference at 1:30 PM
• Friday : UK GDP at 12:01 AM, UK Financial Stability Report at ??:?? ?? (Unknown Time), Switzerland Unemployment Rate at 6:45 AM, France Budget Balance, and Trade Balance at 7:45 AM, UK PPI at 9:30 AM, G20 Meeting at ??:?? ?? (Unknown Time), and Germany Factory Orders at 11:00 AM

• This week's European news releases that should cause high volatility are shown in bold type. There are many European news releases this week, and ten high volatility news releases. The European markets will probably continue experiencing their usual high volatility and significant price movement throughout this week.

Asia

• Monday : Australia HPI at 12:30 AM, Japan Average Cash Earnings at 1:30 AM, China PMI Manufacturing at 2:30 AM, Australia Commodity Prices at 5:30 AM, and New Zealand Labor Cost Index at 9:45 PM
• Tuesday : New Zealand Commodity Prices at 2:00 AM, Australia Cash Rate, and Central Bank Rate at 3:30 AM, Australia Services Index at 10:30 PM, and Japan Monetary Base at 11:50 PM
• Wednesday : Australia Bulding Approvals, and Retail Sales at 12:30 AM, Japan Central Bank News Conference at 2:30 AM, New Zealand Employment Change, and Unemployment Rate at 9:45 PM, and Japan Monetary Policy at 11:50 PM
• Thursday : Australia Trade Balance at 12:30 AM, Australia Central Bank News Conference at 8:55 AM, and Australia Construction Index at 10:30 PM
• Friday : Australia Monetary Policy at 12:30 AM, Japan Leading Indicators at 5:00 AM, Australia Central Bank News Conference at 6:20 AM, and G20 Meeting at ??:?? ?? (Unknown Time)

• This week's Asian news releases that should cause high volatility are shown in bold type. There are many Asian news releases this week, and ten high volatility news releases. The Asian markets will probably continue experiencing their usual high volatility and significant price movement throughout this week.