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Review of key events of week: January 02, 2014.

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29.12.2013 16:26

 January 02, 2014

 On Thursday at 12:13 Moscow time it is expected given vent on the Index of production activity of PMI of Spain (2 bulls).

The Spanish Manufacturing PMI is a composite indicator designed to provide an overall view of activity in the manufacturing sector and acts as an leading indicator for the whole economy.When PMI is below 50.0 this indicates that the manufacturing economy is declining and a value above 50.0 indicates an expansion of the manufacturing economy. The individual survey indexes have been seasonally adjusted using the US Bureau of Census X-11 program. The seasonally adjusted series are then used to calculate the seasonally adjusted PMI.

Apparently on the screenshot given below according to the forecast of experts the increase in such indicator with current 48,6 to 49,9 is expected.

0201_ENG

However, if the actual value of an indicator is lower expected, it should be taken into account the negative market for EUR. That in turn can cause course fall on a currency pair of EUR/USD.

    Further, at 12:43 Moscow time it is expected given vent on the Index of production activity of PMI of Italy (2 bulls).

The Italian Manufacturing Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

Apparently on the screenshot given above according to the forecast of experts the increase in such indicator with current 51,4 to 51,8 is expected.

If the actual value of an indicator is equal to the forecast or will be higher expected, it should be taken into account the positive market for EUR. That in turn can cause course increase on a currency pair of EUR/USD.

      Further, at 12:48 Moscow time it is expected given vent on the Index of production activity of PMI of France (2 bulls).

The French Manufacturing Purchasing Manager's Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

Apparently on the screenshot given above according to the forecast of experts of changes it isn't expected.

However, if the actual value of an indicator is higher expected, it should be taken into account the positive market for EUR. That in turn can cause course increase on a currency pair of EUR/USD.

     Further, at 12:53 Moscow time it is expected given vent on the Index of production activity of PMI of Germany (3 bulls).

The German Manufacturing Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

Apparently on the screenshot given above according to the forecast of experts of changes it isn't expected.

However, if the actual value of an indicator is higher expected, it should be taken into account the positive market for EUR. That in turn can cause course increase on a currency pair of EUR/USD.

    Further, at 12:58 Moscow time it is expected given vent on the Index of production activity of PMI of the Eurozone (2 bulls).

The Manufacturing Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

Apparently on the screenshot given above according to the forecast of experts of changes it isn't expected.

However, if the actual value of an indicator is higher expected, it should be taken into account the positive market for EUR. That in turn can cause course increase on a currency pair of EUR/USD.

      Further, at 13:28 Moscow time it is expected given vent on the Index of production activity of PMI of Great Britain (3 bulls).

The Manufacturing Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

Apparently on the screenshot given above according to the forecast of experts reduction of such indicator with current 58,4 to 58,0 is expected.

However, if the actual value of an indicator is higher expected, it should be taken into account the positive market for GBP. That in turn can cause course increase on a currency pair of GBP/USD.

     Further, at 17:30 Moscow time it is expected given vent according to Demands for a dole in the USA (2 bulls).

Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.

Apparently on the screenshot given above according to the forecast of experts decrease in number of demands with current 338K to 334K is expected.
Though if to consider the schedule of the actual values on this indicator, it is possible to assume that there will be an increase in number of demands at a dole in comparison with the previous period.

Therefore, if the actual value is worse expected, i.e. the number of demands will be higher expected, in this situation it should be taken into account the negative market for USD. That in turn can cause course increase on a currency pair of EUR/USD.

     Further, at 19:00 Moscow time it is expected given vent on the Index of production activity of PMI of the USA (3 bulls).

The Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) Report on Business is based on data compiled from monthly replies to questions asked of purchasing and supply executives in over 400 industrial companies. For each of the indicators measured (New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers Inventories, Employment, and Prices), this report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction and the negative economic direction and the diffusion index. Responses are raw data and are never changed.

The diffusion index includes the percent of positive responses plus one-half of those responding the same (considered positive). The resulting single index number is then seasonally adjusted to allow for the effects of repetitive intra-year variations resulting primarily from normal differences in weather conditions, various institutional arrangements, and differences attributable to non-moveable holidays. All seasonal adjustment factors are supplied by the U.S. Department of Commerce and are subject annually to relatively minor changes when conditions warrant them.

The PMI is a composite index based on the seasonally adjusted diffusion indices for five of the indicators with varying weights: New Orders --30% Production --25% Employment --20% Supplier Deliveries --15% and Inventories -- 10%.

Apparently on the screenshot given above according to the forecast of experts reduction of such indicator with current 57,3 to 57,0 is expected.

However, if the actual value of an indicator is higher expected, it should be taken into account the positive market for USD. That in turn can cause course fall on a currency pair of EUR/USD.

IMPORTANT! ! ! All news need to be rechecked since can be added new or are cancelled the earlier published. We look on a site Investing.com

To adjust an economic calendar under time of your city it is necessary to choose the time zone. As it becomes - you look on a screenshot below. Look for the city or the city, with which at your city identical time.

Chas_poyas

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About trading opportunities on news you look STRATEGY No. 10 and STRATEGY No. 4.

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