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Economic Calendar With Volatility

Monday December 1, 2008

This week's economic calendar includes several news releases from each region (US, Europe, and Asia), with eight high volatility news releases from the US, seven from Europe, and nine from Asia. Markets from all three regions will most likely continue experiencing high volatility throughout this week, which should result in some significant price movements for many markets (stock indicies, stocks, currencies, etc.).

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 : PMI Manufacturing, Construction Spending, and ISM Manufacturing Prices at 3:00 PM, FOMC News Conference at 6:15 PM, Central Bank News Conference at 6:45 PM, and Treasury News Conference at 8:00 PM
  • Tuesday : Vehicle Sales at ??:?? ?? (Unknown Time), Treasury News Conference at 4:30 PM, and FOMC News Conference at 5:30 PM
  • Wednesday : Job Cuts at 12:30 PM, Non Farm Employment Change at 1:15 PM, Non Farm Productivity, and Unit Labor Costs at 1:30 PM, PMI Non Manufacturing at 3:00 PM, FOMC News Conference at 3:15 PM, Oil Inventories at 3:35 PM, and Beige Book at 7:00 PM
  • Thursday : Unemployment Claims at 1:30 PM, FOMC News Conference at 2:15 PM, Factory Orders at 3:00 PM, Natural Gas Storage at 3:35 PM, Central Bank News Conference at 4:15 PM, and FOMC News Conference at 9:30 PM
  • Friday : Non Farm Employment Change, Unemployment Rate, and Average Hourly Earnings at 1:30 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 eight high volatility news releases. The US markets will most likely continue experiencing high volatility this week, which should result in some significant (and profitable) price movements.

Europe

  • Monday : Germany Retail Sales at 7:00 AM, Switzerland PMI at 8:30 AM, EU PMI Manufacturing at 9:00 AM, UK PMI Manufacturing, Lending To Individuals, and Mortgage Approvals at 9:30 AM
  • Tuesday : Switzerland CPI at 6:45 AM, UK HPI at ??:?? ?? (Unknown Time), UK PMI Construction at 9:30 AM, and EU PPI at 10:00 AM
  • Wednesday : UK Consumer Confidence at 12:01 AM, EU PMI Services at 9:00 AM, UK PMI Services at 9:30 AM, EU Retail Sales at 10:00 AM, UK Shop Price Index at 10:30 AM, and Switzerland Central Bank News Conference at 4:30 PM
  • Thursday : Switzerland GDP at 6:45 AM, EU GDP at 10:00 AM, UK MPC Rate at ??:?? ?? (Unknown Time), UK Bank Rate at 12:00 PM, EU Minimum Bid Rate at 12:45 PM, EU Central Bank News Conference at 1:30 PM, and UK Leading Index at 3:30 PM
  • Friday : 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 several European news releases this week, and seven high volatility news releases. The European markets will most likely continue experiencing high volatility this week, which should result in some significant (and profitable) price movements.

Asia

  • Monday : Australia Company Operating Profits at 12:30 AM, Japan Average Cash Earnings at 1:30 AM, Japan Central Bank News Conference at 4:30 AM, Australia Commodity Prices at 5:40 AM, and Japan Monetary Base at 11:50 PM
  • Tuesday : Australia Retail Sales Trend, and Current Account at 12:30 AM, Japan Monetary Policy at ??:?? ?? (Unknown Time), Australia Cash Rate, and Central Bank Rate at 3:30 AM, and Australia Services Index at 10:30 PM
  • Wednesday : Australia GDP at 12:30 AM, New Zealand Commodity Prices at 2:00 AM, New Zealand Cash Rate, Central Bank News Conference, Central Bank Rate, and Monetary Policy at 8:00 PM, and Japan Capital Spending at 11:50 PM
  • Thursday : Australia Building Approvals, and Trade Balance at 12:30 AM, and Australia Construction Index at 10:30 PM
  • Friday : No News Releases

  • This week's Asian news releases that should cause high volatility are shown in bold type. There are several Asian news releases this week, and nine high volatility news releases. The Asian markets will most likely continue experiencing high volatility this week, which should result in some significant (and profitable) price movement.

Review of Short Term Trading Strategies That Work

Friday November 28, 2008

Short Term Trading Strategies That Work is the most recent trading book from Larry Connors. I have recently read Short Term Trading Strategies That Work, and I have subsequently written a full review of the book. My review includes an introduction to the book and its author, a description of each section of the book, my likes and dislikes about the book, and my recommendation for which traders should read the book.

There are so many trading books available (many of which are useless), that it is difficult for new traders (and even professional traders) to know which trading books are worth reading. My review of Short Term Trading Strategies That Work is my honest opinion of the book, and it should give you the information that you need to decide if the book is going to be your next trading book.

By the way, if you are frustrated with spending days or weeks reading thick trading books, only to find out that they have nothing to offer you, take heart, because Short Term Trading Strategies That Work can be read in just one evening.

Economic Calendar With Volatility

Monday November 24, 2008

This week's economic calendar includes several news releases from Europe and Asia, but only a few news releases from the US. There are at least five high volatility news releases from each region. The recent market conditions will probably continue this week, so markets from all three regions will probably continue experiencing high volatility and significant price movement.

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 : Existing Home Sales at 3:00 PM, and Presidential News Conference at 5:00 PM
  • Tuesday : GDP at 1:30 PM, HPI at 2:00 PM, and Consumer Confidence, HPI, and Manufacturing Index at 3:00 PM
  • Wednesday : Durable Goods Orders, Unemployment Claims, Price Index, Personal Spending, and Personal Income at 1:30 PM, PMI at 2:45 PM, Consumer Sentiment, and Inflation Expectations at 2:55 PM, New Home Sales at 3:00 PM, Oil Inventories at 3:35 PM, and Natural Gas Storage at 5:00 PM
  • Thursday : No News Releases
  • Friday : No News Releases

  • 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, but there are six high volatility news releases. Regardless of the distribution of the news releases, the US markets will probably continue experiencing high volatility and significant price movement this week.

Europe

  • Monday : Germany Business Climate, and EU Current Account at 9:00 AM, EU Industrial Orders at 10:00 AM, Belgium Business Climate at 2:00 PM, and UK Pre-Budget Release at 3:30 PM
  • Tuesday : Germany Consumer Climate, and GDP at 7:00 AM, UK HPI ??:?? ?? (Unknown Time), Switzerland Consumption Indicator at 9:00 AM, UK Mortgage Approvals, and Business Investment at 9:30 AM, and UK Treasury Hearings at 9:45 AM
  • Wednesday : Germany Import Prices at 7:00 AM, Germany CPI at ??:?? ?? (Unknown Time), UK GDP, and Index of Services at 9:30 AM
  • Thursday : Switzerland Employment Level at 8:15 AM, Germany Unemployment Change at 8:55 AM, EU Money Supply, and Private Loans at 9:00 AM, EU Consumer Confidence at 10:00 AM, EU Central Bank News Conference at 3:30 PM, and Switzerland Central Bank News Conference at 4:00 PM
  • Friday : UK Consumer Confidence at 12:01 AM, EU CPI, Italy CPI, and EU Unemployment Rate at 10:00 AM, Switzerland Economic Barometer at 10:30 AM, and UK CBI at 11:00 AM

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

Asia

  • Monday : Australia Leading Index at 11:00 PM, and Japan CSPI at 11:50 PM
  • Tuesday : New Zealand Inflation Expectations at 2:00 AM, and Japan Central Bank Monthly Report at 6:00 AM
  • Wednesday : Australia Construction Work at 12:30 AM, Japan Central Bank News Conference at 8:00 AM, New Zealand Trade Balance at 9:45 PM, and Japan Monetary Policy Meeting at 11:50 PM
  • Thursday : Australia Private Capital Expenditure at 12:30 AM, New Zealand Business Confidence at 2:00 AM, New Zealand Building Consents at 9:45 PM, Japan PMI Manufacturing at 11:15 PM, Japan Household Spending, CPI, and Unemployment Rate at 11:30 PM, and Japan Industrial Production, and Retail Sales at 11:50 PM
  • Friday : Australia Private Sector Credit at 12:30 AM, and Japan Housing Starts at 5:00 AM

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

Contract For Difference - What Are They, and How Are They Traded?

Tuesday November 18, 2008

Contract For Difference markets (also known as CFDs) are a relatively new derivatives market that is popular in Europe, becoming popular in Asia, and almost unheard of in the US. CFDs are similar to futures markets in that they are based upon some of the same underlying markets (individual stocks, stock indicies, currencies, etc.), and are traded in a similar fashion, but there are some significant differences that make CFDs a market in their own right.

My article describing Contract For Difference markets explains what CFDs are, how they differ from futures markets, and how they are traded. I should mention that while European and Asian traders are going to find the information provided in the article quite useful, US traders are not going to like the information at all. I will let you read the article to find out why.

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