duminică, 19 februarie 2012

20-24 February Important Economic Data

Monday 20 Feb 
  • ROM - Trade Balance
  • US - Markets closed due to President's Day

Tuesday 21 Feb 
  • CHINA - HSBC Flash Manufacturing PMI
  • US - Quarterly results from: Dell, Home Depot, Kraft Foods, Macy's, Wal-Mart

Wednesday 22 Feb
  • ROM - Quarterly results from: OMV Petrom (SNP)
  • EU - Flash Manufacturing PMI 
  • EU - Industrial New Orders
  • US - Existing Home Sales
  • US - Quarterly results from: Hewlett Packard, Limited Brands, TJX Companies, Fluor

Thursday 23 Feb
  • ROM - Monetary indicators published by Romanian National Bank
  • EU - German IFO Business Climate
  • GBP - CBI Industrial Order Expectations
  • US - Unemployment Claims
  • US - Quarterly results from: AIG, GAP, Kohl's, Safeway. Target

Friday 24 Feb
  • GBP - Revised GDP
  • US - Revised Consumer Sentiment
  • US - New Home Sales
  • US - Quarterly results from: JC Penney

Next week I'm expecting the news coming from Greece to continue making headlines and adding volatility into the markets. China's manufacturing PMI is an important data that most of the traders will watch and will also show the level of the slowdown in the Chinese economy. On Wednesday the Euro Zone manufacturing index is expected to come at better levels implying that the recession in the Euro Area is not as bad as some commentators and analysts have feared. If nothing bad comes out of Greece I'm expecting the markets to continue moving higher, even though there are some divergences that appear on charts implying a weakness of this uptrend momentum.

Have a great week everybody!

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