Henry Liu
Former FPA Special Consultant
- Messages
- 473
Hey folks:
I hope you all had a wonderful Thanksgiving holiday, or if you didn't celebrate Thanksgiving, a wonder weekend. This week is going to be more news oriented, but it won't be like a typical first week of the month, due to the end of the year schedule...
Looking at this week's major events, I'd focus on the ECB Trichet's Press Conference on Thursday and U.S. Non-Farm Payroll on Friday. Whatever trend the market ended up with, will probably last until the end of 2010...
Well, enough ranting, let's look at this week's tradable events.
1. Tue Nov. 30, 2010 8:30am EST - CA GDP m/m
Historical Chart & Data
2. Tue Nov. 30, 2010 7:30pm EST - AU GDP q/q
Historical Chart & Data
3. Wed Dec. 1, 2010 4:30am EST - UK Manufacturing PMI
Historical Chart & Data
4. Wed Dec. 1, 2010 8:15am EST - US ADP NFP Change
Historical Chart & Data
5. Wed Dec. 1, 2010 10:00am EST - US ISM Manufacturing PMI
Historical Chart & Data
6. Wed Dec. 1, 2010 7:30pm EST - AU Retail Sales m/m
Historical Chart & Data
7. Thu Dec. 2, 2010 7:45am EST - ECB Interest Rate Decision
Historical Chart & Data
8. Fri Dec. 3, 2010 4:30am EST - UK Services PMI
Historical Chart & Data
9. Fri Dec. 3, 2010 7:00am EST - CA Employment Changes
Historical Chart & Data
10. Fri Dec. 3, 2010 8:30am EST - US NFP (Nonfarm Payroll)
Historical Chart & Data
... There are also few untradable news releases, and with this week being a news driven week, we should especially stay away from 2nd tier news because market may be very unpredictable.
On a side note: With NFP being expected at 145K+ and Private Employment at 150K+, I believe a certain expectation of risk appetite sentiment should take place, prior to the NFP release. Which means that I'd expect some significant weakness in the JPY, if we don't get any risk aversion news to change the short-term sentiment...
In other words, if we don't get more sovereign debt news and the Koreans don't go to war, plus China dials back on raising the reserves or hiking interest rate, market is extremely likely to sell off JPY (LONG GBPJPY, USDJPY etc...) this week...
Thank you,
I hope you all had a wonderful Thanksgiving holiday, or if you didn't celebrate Thanksgiving, a wonder weekend. This week is going to be more news oriented, but it won't be like a typical first week of the month, due to the end of the year schedule...
Looking at this week's major events, I'd focus on the ECB Trichet's Press Conference on Thursday and U.S. Non-Farm Payroll on Friday. Whatever trend the market ended up with, will probably last until the end of 2010...
Well, enough ranting, let's look at this week's tradable events.
1. Tue Nov. 30, 2010 8:30am EST - CA GDP m/m
Historical Chart & Data
2. Tue Nov. 30, 2010 7:30pm EST - AU GDP q/q
Historical Chart & Data
3. Wed Dec. 1, 2010 4:30am EST - UK Manufacturing PMI
Historical Chart & Data
4. Wed Dec. 1, 2010 8:15am EST - US ADP NFP Change
Historical Chart & Data
5. Wed Dec. 1, 2010 10:00am EST - US ISM Manufacturing PMI
Historical Chart & Data
6. Wed Dec. 1, 2010 7:30pm EST - AU Retail Sales m/m
Historical Chart & Data
7. Thu Dec. 2, 2010 7:45am EST - ECB Interest Rate Decision
Historical Chart & Data
8. Fri Dec. 3, 2010 4:30am EST - UK Services PMI
Historical Chart & Data
9. Fri Dec. 3, 2010 7:00am EST - CA Employment Changes
Historical Chart & Data
10. Fri Dec. 3, 2010 8:30am EST - US NFP (Nonfarm Payroll)
Historical Chart & Data
... There are also few untradable news releases, and with this week being a news driven week, we should especially stay away from 2nd tier news because market may be very unpredictable.
On a side note: With NFP being expected at 145K+ and Private Employment at 150K+, I believe a certain expectation of risk appetite sentiment should take place, prior to the NFP release. Which means that I'd expect some significant weakness in the JPY, if we don't get any risk aversion news to change the short-term sentiment...
In other words, if we don't get more sovereign debt news and the Koreans don't go to war, plus China dials back on raising the reserves or hiking interest rate, market is extremely likely to sell off JPY (LONG GBPJPY, USDJPY etc...) this week...
Thank you,
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