Economic Calendar with Volatility
Sunday November 11, 2007
As with last week, this week's economic calendar has several news releases from each region. Europe and Asia have slightly more news than the US, but each region has some news that should cause some high volatility. Markets from all regions should experience some significant moves at some point during the coming week.
The US, European, and Asian news releases for this week are as follows (all times are Greenwich Mean Time, which is 1 hour behind Central European Time, and 5 hours ahead of US Eastern Time) :
US
- Monday : US Holiday (US markets are closed or have shorter trading hours)
- Tuesday : Central Bank News Conference at 6:15 PM, and Pending Home Sales at 8:00 PM
- Wednesday : Retail Sales, PPI, Leading Indicators, and New Car Sales at 1:30 PM, Central Bank News Conference at 2:10 PM, and Business Inventories at 3:00 PM
- Thursday : CPI, and Initial Claims at 1:30 PM, Oil Inventories at 3:30 PM, and Manufacturing Index at 5:00 PM
- Friday : TIC Long Term Transactions at 2:00 PM, Industrial Production, and Capacity Utilization at 2:15 PM, and Central Bank News Conference at ?:?? AM/PM (currently unknown)
- The US news that will cause the most volatility are the Retail Sales, PPI, Central Bank News Conference, CPI, TIC Transactions, and Industrial Production, which should all cause a significant market reaction. The remaining US news should all cause medium volatility, with the exception of the Business Inventories, Initial Claims, and Oil Inventories, which should only cause low volatility.
Europe
- Monday : UK PPI at 9:30 AM
- Tuesday : France CPI at 7:45 AM, Italian GDP at 9:00 AM, UK CPI and RPI at 9:30 AM, and Germany Economic Sentiment, and EU Industrial Production at 10:00 AM
- Wednesday : Germany GDP at 7:00 AM, France GDP at 7:45 AM, EU Central Bank News Conference at 8:00 AM, UK Average Earnings Index, and Unemployment Rate at 9:30 AM, EU GDP at 10:00 AM, and UK Inflation Report at 10:30 AM
- Thursday : Germany CPI at 7:00 AM, UK Retail Sales at 9:30 AM, EU CPI, and Switzerland ZEW Expectations at 10:00 AM
- Friday : France Non Farm Employment at 7:45 AM, Switzerland Retail Sales at 8:15 AM, Italy Trade Balance at 9:00 AM, and EU Trade Balance at 10:00 AM
- The European news that should cause high volatility are the UK PPI, UK CPI, UK Average Earnings Index, UK Inflation Report, UK Retail Sales, and Switzerland Retail Sales. The Germany Economic Sentiment, Germany GDP, EU Central Bank News Conference, and UK Unemployment Rate, should all cause medium volatility. The remaining European news should all cause low volatility.
Asia
- Monday : Japan Household Confidence at 5:00 AM, New Zealand FPI at 9:45 PM, and Japan GDP at 11:50 PM
- Tuesday : Australia Business Confidence at 12:30 AM, Japan Interest Rates at ?:?? AM/PM (currently unknown), New Zealand PPI at 9:45 PM, and Australia Consumer Sentiment at 11:30 PM
- Wednesday : Australia WPI at 12:30 AM, New Zealand Retail Sales at 9:45 PM, New Zealand Manufacturing Index at 11:00 PM, and Japan Tertiary Industry Activity Index at 11:50 PM
- Thursday : Australia Central Bank News Conference at 12:30 AM, and Japan Monetary Policy Minutes at 11:50 PM
- The Asian news that should cause the highest volatility are the Japan GDP, Japan Central Bank News Conference, New Zealand PPI, and New Zealand Retail Sales. The Japan Interest Rates, Australia WPI, and Japan Tertiary Industry Activity Index, should all cause medium volatility. The remaining Asian news should all cause low volatility and a small market reaction.
Comments
Hi Adam,
I am interested in Day Trading. I live in the UK and I am wondering what software I will require and what are the best market/stocks are best for Day Trading.
Ceri
In answer to your questions :
The UK (or anywhere in Europe) is a great place to live if you are a day trader, because you have access to Asian, European, and US markets, without needing to get up in the middle of the night.
For your brokerage, I recommend Interactive Brokers (IB), because they are one of the only direct access brokers that offer all of the main European markets.
For your trading and charting software, you can use any software that is compatible with IB, such as Bracket Trader, Zero Line Trader, or Sierra Chart (and many more).
It is difficult to say which markets you should trade, because this depends upon your trading system, your trading style, and your personality. In general, any of the large index futures have enough volatility and volume to be suitable for day trading, and can be traded with almost any type of trading system from scalping to long term trend trades. For stocks, you want as much daily volatility as possible (as this provides the range of movement that will allow a profit to be made), and you want a stock that supports short trades (selling the stock to enter a trade).
I hope that this helps, and thank you for your comment.