Press review - page 113

[Sergey Golubev]

Forex Fundamentals - Weekly outlook: March 24 - 28

The dollar eased against the other major currencies on Friday, after posting strong gains in the previous two sessions amid expectations that the Federal Reserve could hike interest rates earlier than previously thought.

Monday, March 24

• China is to release the preliminary estimate of the HSBC manufacturing index, a leading indicator of economic health.
• The euro zone is to release preliminary data on manufacturing and service sector activity, a leading indicator of economic health. Germany and France are also to release individual reports.
• The U.S. is to release preliminary data on manufacturing activity.

Tuesday, March 25

• In the euro zone, Germany is to release the Ifo report on business climate.
• The U.K. is to release data on consumer price inflation, which accounts for the majority of overall inflation. The nation is also to release private sector data on retail sales.
• Later Tuesday, the U.S. is to release report on house price inflation and consumer confidence, as well as official data on new home sales.

Wednesday, March 26

• In the euro zone, Germany is to release a report on Gfk consumer climate.
• The U.S. is to release data on durable goods orders, a leading indicator of production.
• New Zealand is to release data on the trade balance, the difference in value between imports and exports.

Thursday, March 27

• The euro zone is to release data on M3 money supply.
• The U.K. is to produce official data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity.
• The U.S. is to publish final data on fourth quarter economic growth. The nation is also to release the weekly report on initial jobless claims and private sector data on pending home sales.

Friday, March 28

• Japan is to release a series of data, including reports on household spending, inflation and retail sales.
• In the euro zone, Germany is to produce preliminary data on consumer inflation, while France is to publish data on consumer spending.
• The U.K. is to release data on the current account and final data on fourth quarter growth.
• The U.S. is to round up the week with a report on personal spending and revised data on consumer sentiment.

[Sergey Golubev]

USD/CHF Fundamentals - weekly outlook: March 24 - 28

The dollar dipped against the traditional safe haven Swiss franc on Friday, paring a weekly gain, amid heightened tensions between the West and Russia over Ukraine.

Monday, March 24

• The U.S. is to release preliminary data on manufacturing activity.

Tuesday, March 25

• The U.S. is to release report on house price inflation and consumer confidence, as well as official data on new home sales.

Wednesday, March 26

• The U.S. is to release data on durable goods orders, a leading indicator of production.

Thursday, March 27

• The U.S. is to publish final data on fourth quarter economic growth. The nation is also to release the weekly report on initial jobless claims and private sector data on pending home sales.

Friday, March 28

• The U.S. is to round up the week with a report on personal spending and revised data on consumer sentiment.

[Sergey Golubev]

USD/JPY Fundamentals - weekly outlook: March 24 - 28

The dollar slipped lower against the yen on Friday as fresh tensions between the West and Russia over Ukraine bolstered safe haven demand for the Japanese currency.

Monday, March 24

• The U.S. is to release preliminary data on manufacturing activity.

Tuesday, March 25

• The U.S. is to release report on house price inflation and consumer confidence, as well as official data on new home sales.

Wednesday, March 26

• The U.S. is to release data on durable goods orders, a leading indicator of production.

Thursday, March 27

• The U.S. is to publish final data on fourth quarter economic growth. The nation is also to release the weekly report on initial jobless claims and private sector data on pending home sales.

Friday, March 28

• Japan is to release a series of data, including reports on household spending, inflation and retail sales.
• The U.S. is to round up the week with a report on personal spending and revised data on consumer sentiment.

[Sergey Golubev]

USD/CAD Fundamentals - weekly outlook: March 24 - 28

The U.S. dollar fell against the Canadian dollar on Friday as the release of stronger-than-expected Canadian inflation data eased pressure on the Bank of Canada to cut interest rates.

Monday, March 24

• The U.S. is to release preliminary data on manufacturing activity.

Tuesday, March 25

• The U.S. is to release report on house price inflation and consumer confidence, as well as official data on new home sales.

Wednesday, March 26

• The U.S. is to release data on durable goods orders, a leading indicator of production.

Thursday, March 27

• The U.S. is to publish final data on fourth quarter economic growth. The nation is also to release the weekly report on initial jobless claims and private sector data on pending home sales.

Friday, March 28

• The U.S. is to round up the week with a report on personal spending and revised data on consumer sentiment.

[Sergey Golubev]

NZD/USD Fundamentals - weekly outlook: March 24 - 28

The New Zealand ended Friday’s session little changed against its U.S. counterpart on Friday, as market players continued to monitor developments in the Ukraine-Russia conflict.

Monday, March 24

• China is to release the preliminary estimate of the HSBC manufacturing index, a leading indicator of economic health.
• The U.S. is to release preliminary data on manufacturing activity.

Tuesday, March 25

• The U.S. is to release report on house price inflation and consumer confidence, as well as official data on new home sales.

Wednesday, March 26

• The U.S. is to release data on durable goods orders, a leading indicator of production.
• New Zealand is to release data on the trade balance, the difference in value between imports and exports.

Thursday, March 27

• The U.S. is to publish final data on fourth quarter economic growth. The nation is also to release the weekly report on initial jobless claims and private sector data on pending home sales.

Friday, March 28

• The U.S. is to round up the week with a report on personal spending and revised data on consumer sentiment.

[Sergey Golubev]

AUD/USD Fundamentals - weekly outlook: March 24 - 28

The Australian dollar ended Friday’s session higher against its U.S. counterpart, but gains remained limited amid fresh tensions between the West and Russia over Ukraine.

Monday, March 24

• China is to release the preliminary estimate of the HSBC manufacturing index, a leading indicator of economic health.
• The U.S. is to release preliminary data on manufacturing activity.

Tuesday, March 25

• The U.S. is to release report on house price inflation and consumer confidence, as well as official data on new home sales.

Wednesday, March 26

• The U.S. is to release data on durable goods orders, a leading indicator of production.

Thursday, March 27

• The U.S. is to publish final data on fourth quarter economic growth. The nation is also to release the weekly report on initial jobless claims and private sector data on pending home sales.

Friday, March 28

• The U.S. is to round up the week with a report on personal spending and revised data on consumer sentiment.

[Sergey Golubev]

GBP/USD Fundamentals - weekly outlook: March 24 - 28

The pound ended the week close to five-week lows against the dollar on Friday as growing expectations that the Federal Reserve could raise interest rates sooner than anticipated supported the dollar.

Monday, March 24

• The U.S. is to release preliminary data on manufacturing activity.

Tuesday, March 25

• The U.K. is to release data on consumer price inflation, which accounts for the majority of overall inflation. The nation is also to release private sector data on retail sales.
• Later Tuesday, the U.S. is to release report on house price inflation and consumer confidence, as well as official data on new home sales.

Wednesday, March 26

• The U.S. is to release data on durable goods orders, a leading indicator of production.

Thursday, March 27

• The U.K. is to produce official data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity.
• The U.S. is to publish final data on fourth quarter economic growth. The nation is also to release the weekly report on initial jobless claims and private sector data on pending home sales.

Friday, March 28

• The U.K. is to release data on the current account and final data on fourth quarter growth.
• The U.S. is to round up the week with a report on personal spending and revised data on consumer sentiment.

[Sergey Golubev]

EUR/USD Fundamentals - weekly outlook: March 24 - 28

The euro edged higher against the dollar on Friday, as the dollar took a breather following a rally in the previous two sessions, sparked by prospects for an earlier than anticipated rate hike by the Federal Reserve.

Monday, March 24

• The euro zone is to release preliminary data on manufacturing and service sector activity, a leading indicator of economic health. Germany and France are also to release
• The U.S. is to release preliminary data on manufacturing activity.

Tuesday, March 25

• In the euro zone, Germany is to release the Ifo report on business climate.
• Later Tuesday, the U.S. is to release report on house price inflation and consumer confidence, as well as official data on new home sales.

Wednesday, March 26

• In the euro zone, Germany is to release a report on Gfk consumer climate.
• The U.S. is to release data on durable goods orders, a leading indicator of production.

Thursday, March 27

• The euro zone is to release data on M3 money supply.
• The U.S. is to publish final data on fourth quarter economic growth. The nation is also to release the weekly report on initial jobless claims and private sector data on pending home sales.

Friday, March 28

• In the euro zone, Germany is to produce preliminary data on consumer inflation, while France is to publish data on consumer spending.
• The U.S. is to round up the week with a report on personal spending and revised data on consumer sentiment.

[Sergey Golubev]

Two-Way Yuan Volatility Makes USDCNY Trading More Attractive

As the Chinese currency is experiencing its largest weekly decline ever, it is becoming clear that yuan trading could become the newest marketing tool for attracting Asian clients to Forex trading. The widening of the yuan trading band to 2% by the People’s Bank Of China (PBOC) last weekend is poised to present immediate results. With the Chinese economy slowing, the PBOC is looking to allow more two-way trading and it’s guiding the markets to depreciate the yuan for the first time since it was floated back in 2005.

[Sergey Golubev]

2013-03-24 01:45 GMT (or 02:45 MQ MT5 time) | [CNY - Flash Manufacturing PMI]

• past data is 48.5
• forecast data is 48.7
• actual data is 48.1 according to the latest press release

if actual > forecast = good for currency (for CNY in our case)

==========

China Manufacturing PMI Hits Eight-Month Low - HSBC

China's manufacturing sector fell deeper into contraction in March, the latest flash PMI from HSBC and Markit Economics revealed on Monday. The index came in with a seasonally adjusted score of 48.1, touching an eight-month low.

The headline figure is down from 48.5 in February, and it was well shy of forecasts for 48.7 - and it moves the index further below the mark of 50 that separates expansion from contraction.

Among the key components of the survey, the output index sank to 47.3 from 48.8 in the previous month - hitting an 18-month low.

Among other components, new orders, work backlogs, output prices, input prices and quantity of purchases all continued to contract at an accelerating rate.