Monday, July 29, 2013

Weekly Economic Data 27-Jul-13 to 02-Aug-13

Expected impact on price:This indicator shows the effect of the anticipation of data on the prices of related country’s major indices. We have categorized it as below:
Very GoodGoodNeutralBadVery Bad
Actual:Refers to the actual/latest figures after its release.
Data for the week 27-Jul-13 to 02-Aug-13
DateTime (IST)CountryDataExp.PriorExp. chg todayAvg. chg of last 1 yearExp. Impact on Price
30-31Jul-201300:00United StatesPresident Obama Speaks on the Economy in Tennessee     
30-Jul-201311-00 AMIndiaRBI Cash Reserve Ratio4.0%4.0%0.00%0.08Neutral
30-Jul-201311-00 AMIndiaRBI Repurchase Rate7.25%7.25%0.00%0.08Neutral
30-Jul-201311-00 AMIndiaRBI Reverse Repo Rate6.25%6.25%0.00%0.08Neutral
30-Jul-201307-30 PMUnited StatesConsumer Confidence81.081.4-0.404.00Neutral
 
31-Jul-201301-25 PMGermanyUnemployment Change0.0k-12K12.00K10.36Bad
31-Jul-201304-30 PMUnited StatesMBA Mortgage Applications -1.2% 7.79 
31-Jul-201305-45 PMUnited StatesADP Employment Change180K188K-8.00K46.50Neutral
31-Jul-201306-00 PMUnited StatesGross Domestic Product Annualized1.0%1.8%-0.80%0.56Neutral
31-Jul-201308-00 PMUnited StatesEIA Crude Oil Stocks change -2.825M 3.45 
31-Jul-201311-30 PMUnited StatesFed Interest Rate Decision0.25%0.25%0.00%0.00 
31-Jul-201311-30 PMUnited StatesFed's Monetary Policy Statement and press conference     
 
01-Aug-201306-30 AMChinaNBS Manufacturing PMI49.850.1-0.300.77Neutral
01-Aug-201307-15 AMChinaHSBC Manufacturing PMI47.748.2-0.500.89 
01-Aug-201301-18 PMFranceMarkit Manufacturing PMI49.848.80.001.53Neutral
01-Aug-201301-23 PMGermanyMarkit Manufacturing PMI50.350.30.001.37Neutral
01-Aug-201304-30 PMUnited KingdomBoE Interest Rate Decision0.5%0.5%0.00%0.00Neutral
01-Aug-201304-30 PMUnited KingdomBank of England Monetary Policy Committee Decision     
01-Aug-201305-15 PMEuropean Monetary UnionECB Interest Rate Decision0.5%0.5%0.00%0.04Neutral
01-Aug-201306-00 PMEuropean Monetary UnionECB Monetary policy statement and press conference     
01-Aug-201306-00 PMUnited StatesInitial Jobless Claims344K343K1.00k14.63Neutral
01-Aug-201307-30 PMUnited StatesISM Manufacturing PMI52.050.91.101.35Neutral
01-Aug-201308-00 PMUnited StatesEIA Natural Gas Storage change 41B 33.97 
 
02-Aug-201311-30 AMUnited KingdomNationwide Housing Prices s.a (MoM)0.40%0.30%0.10%0.62Neutral
02-Aug-201311-30 AMUnited KingdomNationwide Housing Prices PX NSA (YoY)3.10%1.90%1.20%0.60Very Good
02-Aug-201306-00 PMUnited StatesNonfarm Payrolls185K195K-10.00K43.00Neutral
02-Aug-201306-00 PMUnited StatesPersonal Income (MoM)0.5%0.5%0.00%0.17Neutral
02-Aug-201306-00 PMUnited StatesPersonal Spending0.5%0.3%0.20%0.38Neutral
02-Aug-201306-00 PMUnited StatesUnemployment Rate7.5%7.6%-0.10%0.13Neutral
02-Aug-201307-30 PMUnited StatesFactory Orders (MoM)2.3%2.1%0.20%3.36Neutral

Monday, July 22, 2013

Weekly Economic Data 20-Jul-13 to 26-Jul-13

Expected impact on price: This indicator shows the effect of the anticipation of data on the prices of related country’s major indices. We have categorized it as below:
Very Good Good Neutral Bad Very Bad
Actual: Refers to the actual/latest figures after its release.
Data for the week 20-Jul-13 to 26-Jul-13
Date Time (IST) Country Data Exp. Prior Exp. chg today Avg. chg of last 1 year Exp. Impact on Price
22-Jul-2013 01-00 PM European Monetary Union EU Foreign Ministers Meeting in Brussels.          
22-Jul-2013 07-30 PM United States Existing Home Sales (MoM) 5.26M 5.18M 0.08M 0.16 Neutral
 
24-Jul-2013 07-15 AM China HSBC Manufacturing PMI 48.5 48.2 0.30 0.97  
24-Jul-2013 12-28 PM France Markit Manufacturing PMI 48.8 48.4 0.401.56 1.53 Neutral
24-Jul-2013 12-28 PM France Markit Services PMI 47.7 47.2 0.50 1.45 Neutral
24-Jul-2013 12-58 PM Germany Markit Manufacturing PMI 49.4 48.6 0.80 1.32 Neutral
24-Jul-2013 04-30 PM United States MBA Mortgage Applications   -2.6%   7.79  
24-Jul-2013 07-30 PM United States New Home Sales (MoM) 0.485M 0.476M 0.01M 0.01 Neutral
24-Jul-2013 08-00 PM United States EIA Crude Oil Stocks change   -6.902M   3.45  
 
25-Jul-2013 01-30 PM Germany IFO - Current Assessment 110.0 109.4 0.60 1.35 Neutral
25-Jul-2013 01-30 PM Germany IFO - Business Climate 106.1 105.9 0.20 1.26 Neutral
25-Jul-2013 01-30 PM Germany IFO - Expectations 102.5 102.5 0.00 1.45 Neutral
25-Jul-2013 01-30 PM European Monetary Union ECB Publishes Monetary Developments in the Euro Area.          
25-Jul-2013 02-00 PM United Kingdom Gross Domestic Product (QoQ) 0.6% 0.3% 0.30% 0.88  
25-Jul-2013 02-00 PM United Kingdom Gross Domestic Product (YoY) 1.4% 0.3% 1.10% 0.80  
25-Jul-2013 06-00 PM United States Durable Goods Orders 1.1% 3.6% -2.50% 6.72 Neutral
25-Jul-2013 06-00 PM United States Initial Jobless Claims   334K   14.63  
25-Jul-2013 08-00 PM United States EIA Natural Gas Storage change   58B   34.42  
 
26-Jul-2013 07-25 PM United States Reuters/Michigan Consumer Sentiment Index   84.1   2.48  


Tuesday, July 16, 2013

Data for the week 13-Jul-13 to 19-Jul-13 Weekly Economic Data

Expected impact on price:This indicator shows the effect of the anticipation of data on the prices of related country’s major indices. We have categorized it as below:
Very GoodGoodNeutralBadVery Bad



DateTime (IST)CountryDataExp.PriorExp. chg todayAvg. chg of last 1 yearExp. Impact on Price
15-Jul-201307-30 AMChinaGross Domestic Product (YoY)7.5%7.7%-0.20%0.50Neutral
15-Jul-201307-30 AMChinaIndustrial Production (YoY)9.1%9.2%-0.10%0.67Neutral
15-Jul-201307-30 AMChinaRetail Sales (YoY)12.9%12.9%0.00%0.78Neutral
15-Jul-201306-00 PMUnited StatesNY Empire State Manufacturing Index5.007.84-2.846.97Neutral
15-Jul-201306-00 PMUnited StatesRetail Sales (MoM)0.8%0.6%0.20%0.63Neutral
 
16-Jul-201302-00 PMUnited KingdomConsumer Price Index (MoM)-0.1%0.2%-0.30%0.45Neutral
16-Jul-201302-00 PMUnited KingdomConsumer Price Index (YoY)3.0%2.7%0.30%0.28Bad
16-Jul-201302-30 PMEuropean Monetary UnionConsumer Price Index (YoY)1.6%1.6%0.00%0.07Neutral
16-Jul-201302-30 PMGermanyZEW Survey - Current Situation9.08.60.405.46Neutral
16-Jul-201302-30 PMGermanyZEW Survey - Economic Sentiment40.038.51.5012.25Neutral
16-Jul-201306-00 PMUnited StatesConsumer Price Index (MoM)0.3%0.1%0.20%0.26Neutral
16-Jul-201306-45 PMUnited StatesIndustrial Production (MoM)0.3%0.0%0.30%0.97Neutral
 
17-Jul-201302-00 PMUnited KingdomBank of England Minutes     
17-Jul-201302-00 PMUnited KingdomClaimant Count Change-8.0K-8.6K0.609.54Neutral
17-Jul-201304-30 PMUnited StatesMBA Mortgage Applications -4% 7.79 
17-Jul-201306-00 PMUnited StatesHousing Starts (MoM)0.960K0.914K0.05K0.03Neutral
17-July-201307-30 PMUnited StatesUS- Fed's Bernanke Delivers Semi-Annual Policy Report to House     
17-Jul-201308-00 PMUnited StatesEIA Crude Oil Stocks change -9.874M 3.45 
 
18-Jul-201306-00 PMUnited StatesInitial Jobless Claims341K360K-19.00k13.33Bad
18-Jul-201307-30 PMUnited StatesCB Leading Indicator (MoM)0.3%0.1%0.20%0.56Neutral
18-July-201307-30 PMUnited StatesFed's Bernanke Delivers Semi-Annual Policy Report to Senate     
18-Jul-201308-00 PMUnited StatesEIA Natural Gas Storage change 82B 24.64 
 
19-20 -July-201300:00European Monetary UnionEU-Foreign Ministers Meet in Palma de Mallorca, Spain     
19-20- July-201300:00European Monetary UnionG20- Finance Ministers and Central Bank Governors Meeting     

Comex Gold, Silver, Copper Latest Open Interest And Volume

Floor Clearport Product Name Exchange Volume Open Interest
OG OG Gold Options COMEX 19182 1724094
GC GC Gold Futures COMEX 163541 433695
SO SO Silver Options COMEX 5959 217372
HG HG Copper Futures COMEX 45346 160787
SI SI Silver Futures COMEX 30067 131994
HX HX Copper Options COMEX 19 3065
QO
miNY Gold Futures COMEX 314 1590
MGC
E-micro Gold Futures COMEX 769 1589
HGS HGS Copper Financial Futures COMEX 75 546
SIL SIL 1,000-oz. Silver Futures COMEX 157 408
QC
E-mini Copper Futures COMEX 28 205
QI
miNY Silver Futures COMEX 32 178






Source CME



Friday, July 12, 2013

US economy still needs Fed's stimulus: Bernanke

Fed Chairman Ben S. Bernanke
Chairman Ben Bernanke said on Wednesday that the US economy still needs help from the Federal Reserve's low interest rate policies.

Bernanke told the National Bureau of Economic Research that because unemployment remains high and inflation is below the Fed's target, the policies are still necessary. He also said the economy is being held back by higher taxes and federal spending cuts. 

"If you put all of that together, you can only conclude that highly accommodative monetary policy for the foreseeable future is what is needed for the US economy," Bernanke said.

Stock index futures rose as Bernanke spoke. The Standard & Poor's index futures were up eight points, or 0.5 per cent, at 1,656 as of 5:40 pm Eastern Daylight Time - shortly after Bernanke wrapped up his remarks.

Bernanke's comments were his latest effort to stress that the Fed will continue to stimulate the economy, even after it begins to slow $85-billion-a-month in bond purchases that have kept long-term interest rates down.

The Fed plans to keep its investment holdings constant to avoid causing long-term rates to rise too quickly. It also plans to keep short-term rates at record lows at least until unemployment slides to 6.5 per cent.

And Bernanke has said 6.5 per cent unemployment is a threshold, not a trigger: The Fed might decide to keep its benchmark short-term rate near zero even after unemployment falls that low.

Unemployment is currently 7.6 per cent.

On Wednesday, Bernanke didn't signal any changes in the bond-buying program. But Bernanke defended recent comments he made after the Fed's June meeting.

At his June 19 news conference, Bernanke said the Fed would likely slow its bond purchases later this year and end them around mid-2014 if the economy continued to strengthen. Stocks and bonds plunged in the days after his remarks. Some critics said the Fed bungled its communications strategy.

Bernanke asked his audience to consider what might have happened if the Fed had given no signals on when the bond buying might be curtailed. He said that might have led to an increase in risk-taking on the part of investors "reflecting an expectation for an infinite" program of bond purchases.

"Explaining what we are doing may have avoided a much more difficult situation at another time," he said.

Bernanke also did not provide any clues on his own future. Many expect he will leave when his current term ends in January.