Is The Trend Still Your Friend

The week begins with a slow start from the Asian markets given that Japan has a bank holiday on Sunday. From Australia we receive data regarding home loans which is expected to reveal that home loans increased by 1.2% in the latest monthly figure. Whilst on the subject of loans we move onto Chinese data, […]

German preliminary CPI, month on month, begins the news likely to impact on the markets on Monday, the last increase was by 0.2%, with the expectation that the December print will come in at a similar value. Thereafter, a raft of European services PMIs, courtesy of Markit Economics, dominates the morning session in terms of

Europe begins our week of high impact news events on Monday with Markit Economics publishing its latest retail PMI for the 17 nation shared currency area. The prediction is for a print of circa 48, similar to the previous month. Attention then turns to the UK with the publication of the latest monthly housing equity

Due to the holiday period the volume of fundamental policy decisions and high impact news events due for publication this week are restricted. Monday we receive the publication of Canada’s latest GDP figure, the print is expected to come in at 0.1% positive down from 0.3% positive the previous month. Traders and investors will also

Sunday evening witnesses the publication of the Westpac consumer sentiment survey for New Zealand, the previous print came in at 115.4, the anticipation is for a similar result. The Japanese Tankan manufacturing index is published late Sunday evening, predictions are for a figure of 15, up from the previous month’s figure of 12. The non-manufacturing

Sunday evening’s trading session sees a raft of information published from Japan, the final GDP figure is predicted to come in at 0.4%, with the final GDP price predicted to come in at -0.3%, bank lending should come in at 2% improvement. There is important inflation data published on Sunday regarding China’s economy; the CPI

Sunday-Monday morning is a relatively quiet opening for high impact news events, capital spending in Japan is predicted to rise by 3.1%. The HSBC final manufacturing PMI for China is expected to come in at 50.5. There is a raft of Australian data published overnight/early morning, with building approvals being the standout piece of data

The coming week’s fundamental policy decisions and high impact news events that could affect sentiment during the week are dominated by housing data from the USA, UK and Australia. Whilst durable sales orders and retail sales from the USA and Germany have the opportunity to surprise. The UK’s latest estimate of GDP is published, whilst

Monday sees the publication of Europe’s balance of payments and current account details, the current account is scheduled to come in at €18.3 bn, up from the previous month’s figure of €17.4 bn. In the afternoon’s trading session the USA NAHB housing index is published, scheduled to print at 56, up one point from the

We begin our analysis with a detailed analysis of the upcoming fundamental policy and high impact news events that will affect the coming week’s trading sessions. Thereafter we’ll move onto technical analysis using the most commonly favoured trend/swing indicators.   Monday sees several bank holidays that will affect the volume of trading activity during the