Good morning everyone and what a week last week!! – markets in turmoil, short selling suspended, Lehman Brothers gone to the wall, LLoyds taking over HBOS – an amazing week and one which is unlikely to be repeated for some time. However, in my view we have not seen the end of the banks that are about to collapse and I expect more to follow both here and in the US.
Below are the major announcements for this week which I hope you find useful. On the currency markets the USD is weakening again and expect this to continue for the next few weeks after the period of relative strength so buying small long positions is the order of the day. If you would like a market analysis for the week please follow the link to my fixed odds trading blog which gives a full analysis of the week and outlook for the week ahead. I have also recently started an oil trading blog ( in both English and Chinese ), which is updated every morning with the oil price outlook for the day. If you would like details please just follow the link here for the UK version of prices oil, and the Chinese version of prices oil here. As always many thanks for all your kind commments about the sites and do keep in touch.
Monday September 22nd:
EU – 07:15 – ECB President Trichet Speaks.
US – 15:30 – FOMC Member Fisher Speaks.
Tuesday September 23rd:
FR – 06:45 – Consumer Spending M/M.
FR – 07:00 – Flash Manufacturing PMI.
FR – 07:00 – Flash Services PMI.
GE – 07:30 – Flash Manufacturing PMI.
EU – 08:00 – Flash Manufacturing PMI.
UK – 08:30 – BBA Mortgage Approvals.
UK – 09:00 – Industrial New Orders M/M.
EU – 13:00 – Belgium NBB Business Climate.
US – 14:00 – HPI M/M.
US – 14:00 – Richmond Manufacturing Index.
US – Tentative – Fed Chairman Bernanke Testifies.
Wednesday September 24th:
GE – 08:00 – Ifo Business Climate.
EU – 08:00 – Current Account.
UK – 10:00 – CBI Realized Sales.
US – 14:00 – Existing Home Sales.
US – 14:00 – Fed Chairman Bernanke Testifies
US – 14:35 – Crude Oil Inventories.
Thursday September 25th:
GE – 06:00 - GfK Consumer Climate.
EU – 08:00 - M3 Money Supply Y/Y.
US – 12:30 - Core Durable Goods Orders M/M.
US – 12:30 - Durable Goods Orders M/M.
US – 12:30 - Unemployment Claims.
US – 12:30 - New Home Sales.
US – 14:35 - Natural Gas Storage.
US – 16:00 - Fed Chairman Bernanke Testifies.
US – 17:00 - FOMC Member Warsh Speaks.
US – 22:00 - FOMC Member Fisher Speaks.
US – 23:45 - FOMC Member Plosser Speaks.
Friday September 26th:
EU – ALL – Prelim CPI M/M.
US – 12:30 - Final GDP Q/Q.
US – 12:30 - Final GDP Price Index Q/Q.
US – 13:55 - Revised UoM Consumer Sentiment.
US – 13:55 - Revised UoM Inflation Expectations.
EU – Europe wide
FR – France
UK – United Kingdom
US – United States
GE – Germany