Exchange Blog Cryptocurrency Blog
kaito kid
-
Posts
1,114 -
Joined
-
Last visited
-
Days Won
1
Everything posted by kaito kid
-
★★★ July 17: economic & forex news ★★★ Tuesday, July 17, 2012 - 06:08 Ben Bernanke is once again the hero of the market’s expectations: investors expect to hear his hints on further monetary easing as he testifies to Congress today. It’s obvious that US economic recovery really is stumbling: data released yesterday showed that retail sales fell for a third month in June, contracting by 0.5%. The Fed’s chief is speaking in front of the Senate Banking Committee and the House Financial Services Committee tomorrow. US dollar’s weakening versus the majority of its counterparts on the news. Also watch for US CPI data later today. Median forecast is that US CPI was unchanged last month from May when it declined by 0.3% (m/m). Annual inflation is seen sliding from 1.7% in May to 1.6% in June, below the Fed’s 2% medium-term target – another argument for more QE. EUR/USD trades on an upside for a third consecutive day ahead of the ZEW economic sentiment release. The release may show today that the index of German investor expectations slid to minus 20 this month (the lowest since January) from minus 16.9 in June. Moody’s rating agency downgraded 13 Italian banks tonight. The IMF has slightly lowered its outlook for global growth in latest report on the world economy. AUS/USD appreciates as the RBA meeting minutes released today made the new rate cuts less likely. The Australian policymakers reveal confidence in economy: national labor market looks stronger, China's economy wasn't slowing as much as previously anticipated and the overall mood in euro area seems to be better on the back of progress made by EU leaders late June. However, the euro zone’s debt woes still threaten the Australian economy. NZD/USD is up despite a CPI release (inflation in Q2 increased by 0.3%, what is below a forecasted 0.5% growth). The MSCI Asia Pacific Index (MXAP) of shares advanced 0.6%. The overall market sentiment is positive ahead of Bernanke’s testimony: demand for USD and JPY vs. the other key currencies has dropped. USD/JPY strengthens after a three-day decline after touching the lowest since June 18 yesterday. According to Japan’s finance minister Jun Azumi, gains in the yen were “speculative” and officials will “take decisive action if needed.” http://www.fbs.com/analytics/2012-07-17/18309-july-17-economic-forex-news Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
★★★ Trading without losses with FBS! ★★★ A civilized society hasn’t invented better way of protection than insurance. It guaranties compensation of any sudden losses. By this means, insurance is really necessary for everyone. There are many different types of insurance that exist to live a stress free life. So why don’t you reduce the risks and insure your trading?! FBS is the world’s first broker that offers its clients to get their lost money back. Now you have an opportunity to protect your deposit and focus only on making profit. You can insure from 10% to 100% of your deposit. In case your initial deposit is lost FBS will return insurance amount at once.* “FBS Breakeven Trading” details: http://www.fbs.com/breakeven *Only if insurance conditions are met. Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
Benefit from trading with FBS Deal directly from live price quotes Instantaneous trade execution and confirmation Fast and efficient execution of deals Lower transaction costs Real-time profit and loss analysis Full access to market information Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
Forecast contest - EURUSD (Your guesses are accepted untill July 22) Dear Traders! Take part in a forecast contest. The idea of the contest is pretty simple: guess the price of EURUSD on Friday, July 27th (right after the closing of trading). Your answers are accepted from 04.07.12 to 22.07.12. The winner will get 150 USD to his/her trading account from FBS. The funds can be used for trading or withdrawn. All the registered members of forumfortrader are allowed to take part. Each participant have the right to post his/her guess UNLIMITED NUMBER OF TIMES, but only the last contestant’s guess will be taken into account. Your guesses are taken within 4 digits after the decimal point. For example: 1,2833 or 1,4458. The correct answer will determined from BID price (bid price is shown on the chart in the trading platform). If there is no absolutely correct answer, the winner will be announce a contestant with THE CLOSEST GUSESS to correct answer. If there are few contestants with the same answer, the winner will be announced a contestant with the earliest answer. Contest results will be published on the 30th of July. Post your guesses in here. Good luck! Have a profitable trading with FBS! Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
★★★ Update 999 Demo Contest ★★★ Wednesday, July 11, 2012 Account#287774 Position: 1st Country: Ukraine Balance: 144916.08 USD Account#282196 Position: 2nd Country: Indonesia Balance: 93971.06 USD Account#282463 Position: 3rd Country: China Balance: 88337.03 USD We are expecting a dynamic and exciting competition with a lot of surprises ahead. We wish all the traders good luck and will carefully follow the contest process. Contest period: 20.06.12 - 20.07.12 Contest details Contestants’ ranking Discuss it at Forum Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
★★★ Deposit bonus is back with better conditions! ★★★ Dear traders! We are glad to announce the launch of 30% bonus on deposits promotion starting on July 9, 2012. Now when you deposit your trading account at FBS you’ll get 30% bonus! Thus you will have more funds for trading and consequently more opportunities to get profit! Increase your deposit by 30% Expand your trading opportunities Earn more profit More deposit, more funds, more profit! Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
★★★ ““Predict NFP”: contest results ★★★ Dear friends! According to Bureau of Labor Statistics, U.S. Department of Labor data Nonfarm Payrolls indicator for July is 80K. Shorena Gulashvili gave the correct number. The contestant gets an exclusive T-shirt from FBS. Congratulations to the winner. Kind regards, FBS Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
★★★ Don't forget for Predict NFP and get a prize from FBS! ★★★ Dear clients! Take part in “Predict NFP” contest, guess the non-farm payrolls indicator, which will be published at 12:30 GMT 06.07.12, and win an exclusive and stylish T-shirt from FBS! You may enter your guesses till 8:30 GMT 06.07.12 in the special topic of our group in Facebook We wish all the participants Good Luck! Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
Forecast contest - EURUSD (Your guesses are accepted untill July 22) Dear Traders! Take part in a forecast contest. The idea of the contest is pretty simple: guess the price of EURUSD on Friday, July 27th (right after the closing of trading). Your answers are accepted from 04.07.12 to 22.07.12. The winner will get 150 USD to his/her trading account from FBS. The funds can be used for trading or withdrawn. All the registered members of forumfortrader are allowed to take part. Each participant have the right to post his/her guess UNLIMITED NUMBER OF TIMES, but only the last contestant’s guess will be taken into account. Your guesses are taken within 4 digits after the decimal point. For example: 1,2833 or 1,4458. The correct answer will determined from BID price (bid price is shown on the chart in the trading platform). If there is no absolutely correct answer, the winner will be announce a contestant with THE CLOSEST GUSESS to correct answer. If there are few contestants with the same answer, the winner will be announced a contestant with the earliest answer. Contest results will be published on the 30th of July. Post your guesses in here. Good luck! Have a profitable trading with FBS! Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
★★★ BREAKEVEN TRADING ★★★ Have a profitable trading with FBS! Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
Benefit from trading with FBS Deal directly from live price quotes Instantaneous trade execution and confirmation Fast and efficient execution of deals Lower transaction costs Real-time profit and loss analysis Full access to market information Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
★★★ July 2: economy and currencies ★★★ Monday, July 2, 2012 - 06:19 On Monday EUR/USD weakens after an impressive growth on Friday on the positive EU Summit results (euro leaders eased terms on loans to Spanish banks). Today the single currency is under pressure of expectations that the regional unemployment may reach record 11.1% in May, while manufacturing PMI – to decline to 44.8 in June. The market, therefore, expects the ECB to cut interest rates to 0.75% on the forthcoming meeting (July 5). According to analysts at UBS, the latest EU summit has clearly bought time for the euro, but it still does not remove the bearish case for the currency. USD/JPY declines today: both Tankan manufacturing and non-manufacturing PMI indices exceeded the previous prints and the expectations (-1 and 8 respectively). However, most analysts still expect the BoJ to expand its asset purchases on a meeting on July 11-12. The Tankan is probably up because the low commodity prices improved the sentiment. AUD/USD weakens; however, the Aussie remains near to an almost two-month high on bets RBA will leave interest rates on hold at 3.5% tomorrow. NZD/USD maintained its biggest gain in three weeks vs. the greenback as Asian stocks extended a global rally. The MSCI Asia Pacific Index (MXAP) gained 0.3% today. The S& P 500 Index rose 2.5% on June 29, after Stoxx Europe 600 Index climbed 2.7% following the EU Summit. Events to watch today: Canada: Bank holiday Switzerland: Retail sales are likely to increase by 0.9% in May after a 0.1% growth in April. Great Britain: Manufacturing PMI is to grow to 46.7 from 45.9. However, the indicator still remains below 50, what indicates industry contraction. Euro zone: Analysts expect the Italian manufacturing PMI to decline to 44.6 from 44.8. Unemployment rate in the region is to increase to 11.1% in May from 11.0%. US: ISM manufacturing PMI is forecasted to decline to 52.1 from 53.5. Later investors will pay attention to FOMC member Williams speech. Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
-
★★★ What is the secret of successful Forex trading? ★★★ Tuesday, June 26, 2012 - 10:15 FBS Demo-Contest “999” gladdens us with its diversity of participants, action and fierce struggle for victory month after month. Every time the leaders share their secrets of successful trading with pleasure and give beginners their advice. Akhmadgon Akilov (III place) How long have you been trading on Forex? How did you start your way of a Forex trader? I started in 2007. I was studying computer technologies and decided to find a remote job in Internet. After a long search I stopped on Forex as the perfect job for me. What currency pairs do you prefer to trade on? Why? I prefer to trade EURUSD on real accounts . For “999” Demo-Contest I chose GBPJPY and EURJPY because they have high volatility. What are your impressions of participating in “999” FBS Demo-Contest? I would like to thank FBS for running “999” Demo-Contest! I have only good impressions of it. I want to mark a good organization of the contest and its transparency. I could track the contest results online and work out my trading strategy. Trading strategy means a lot in contests. And this is very important to get the latest updates and know your rivals' results to build a good strategy. What trading strategy did you use in “999” Demo-Contest?What helped you to take the right trading decisions? I took my trading decisions on the base of fundamental data and technical analysis (candles, fibonacci and moving average). What characters a trader should have to become successful on Forex market in your opinion? You may become successful on Forex market when having a good trading strategy and discipline. Control your emotions and remain calm! What would you advise new Forex traders? -Learn to use graphs, indicators and other trading tools properly. This will help you to choose a right time for order opening and closure. -Start with trainings on demo accounts. Improve your skills and learn to manage risks. Do not be afraid of taking a risk! Always start with a little on a Micro account. -Once having a good trading strategy, conform to it always. Stanislav Romkin (II place) How long have you been trading on Forex? How did you start your way of a Forex trader? I am trading about a year. Once I got interested in Forex trading and decided to try my strength. What currency pairs do you prefer to trade on? Why? I prefer pairs with GBP because I have been following it for a long time already. But I try to trade different trading pairs in whole. What are your impressions of participating in “999” FBS Demo-Contest? “999” is a very good contest with a real competition! What trading strategy did you use in “999” Demo-Contest?What helped you to take the right trading decisions? I use technical analysis generally, fundamental analysis I use only to identify a general market mood. What characters a trader should have to become successful on Forex market in your opinion? Patience is the main character of a successful Forex trader! What would you advise new Forex traders? Everything depends on you only! If you really want to become a prosperous Forex trader you will do it! Gennady Karpov (I place) How long have you been trading on Forex? How did you start your way of a Forex trader? I have been trading on Forex over 6 years already. I tried to earn in Internet in different ways: via clicks, registration and other stuff. For a long time I did not pay any attention to Forex trading advertisements, but finally I decided to try. I visited a broker's website, downloaded its trading terminal and opened a demo-account for 100 000 USD. I started my trading with USDJPY and opened my first order for 10 lots at once. In a half an hour I already earned 2000 USD! I realized that I found out a place where I could earn real money! Soon after that I opened a real cent account and made my first 10 USD deposit via WebMoney. I must say that I lost all this funds at once. This lesson taught me that there are no earnings without knowledge. I downloaded many books about Forex trading from Internet and studied it carefully. Only after that I started to earn stably. I still trade on Forex and earn for living here. What currency pairs do you prefer to trade on? Why? I trade on EURUSD, NZDUSD, EURJPY, GBPJPY preferably. In my opinion these are the currency pairs with the highest volatility. I studied them a lot during the last years. What are your impressions of participating in “999” FBS Demo-Contest? This is a great contest! The best thing in it is no restriction in trading! Many brokers make restrictions for order volume, number of orders, etc. I do not like it. The only thing I would suggest FBS is to abolish a restriction on 10 lots maximum order volume. This would be brilliant! For example, I was opening up to 500 lots at once and it was very tiresomely for me to open 50 orders and set Stop Loss and Take Profit for all of them. What trading strategy did you use in “999” Demo-Contest?What helped you to take the right trading decisions? I tried a lot of strategies, but stopped on intuitive trading. Like Curtis Faith I consider intuitive trading the highest skill of a trader. What characters a trader should have to become successful on Forex market in your opinion? Patience, presence of mind, discipline! What would you advise new Forex traders? Good luck! If to say in Lenin style: Trade, trade and trade again! Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
★★★ June 26-29: main economic events ★★★ Tuesday, June 26, 2012 - 06:23 Tuesday, June 26 Euro area: GfK German consumer climate in June is likely to remain unchanged at 5.7. Italy will offer inflation-linked securities maturing in 2016 and 2026 and 3 billion euro ($3.8 billion) of zero-coupon bonds. Spain will sell 3- and 6-month bills. Britain: Public sector net borrowing in May is forecasted to rise to 13.1B after a 18.8B decline in April. Later in the day the inflation report hearings will take place. US: S&P house price index is expected to decline by 2.4% y/y in April (the contraction will be less than in March). CB consumer confidence index in June is to decline to 64.0 vs. 64.9 in May on the back of the deteriorating labor market conditions. Wednesday, June 27 Germany: Preliminary CPI in June is forecasted to remain unchanged after a 0.2% decline in May. US: A bunch of positive US data is expected to be released. Core durable goods orders, leading indicator of production, are expected to go up in May by 1.0% m/m compared with a 0.9% decline in April, what will be a positive sign for the economy. Durable goods orders (including transportation items) may increase by 0.5% after a remaining flat in the previous month. Pending home sales in May are to increase by 1.3% m/m vs. a 5.5% drop in April. However, the confidence in the stability of the US housing market is still weak. Japan: Retail sales in May are likely to increase by 3.1% y/y after a 5.7% growth in April. Thursday, June 28 Europe: EU Economic Summit will be the first time European leaders meet since the Greek parliamentary elections on June 17. The nation’s new Prime Minister Antonis Samaras who pledged to seek relief from austerity measures imposed on the country while keeping the bailout funds flowing as he has recently undergone surgery to repair a detached retina. Billionaire investor George Soros warns that if the fiscal disagreements aren’t resolved in the next 3 days, the summit could turn out to be a fiasco. In addition, Italy will try to sell 10-year government bonds. The results of the auction will have an extremely strong effect on the market’s sentiment. The yields will be used as a gauge of the market’s confidence of the European policymakers’ resolve to solve the crisis. Britain: The final British GDP figures will likely confirm that the nation’s economy has fallen into recession declining by 0.3% q/q in the first 3 months of 2012 after losing 0.3% in Q4 2011. Although the markets have already priced in the grim news, the release will once again remind investors about UK economic weakness and make them think that the Bank of England will ultimately have to expand its Asset Purchase Program. Also watch Britain’s current account data, BOE credit conditions survey and Nationwide HPI. US: The United States also release the final Q1 GDP readings: in May US economic growth in the first quarter was revised down from 2.2% q/q to 1.9%. No further revision is expected this time, so negative surprise would weight on the greenback. Unemployment claims – the indicator closely watched every week – is seen declining slightly from 387K to 385K. Japan: Here’s a group of important reports which will determine the sentiment during the Asian session. The nation’s core CPI may have risen by only 0.1% y/y in May or even stayed flat compared with the 0.2% y/y increase in April. Tokyo core CPI has been posting negative readings since the short respite last summer. Deflation threat could force the Bank of Japan to do additional easing. Also watch Japanese manufacturing PMI, industrial production, household spending and unemployment data. Friday, June 29 Europe: This is the second day of the EU Economic Summit, so main comments and releases will appear today. As for the economic data, the focus will be on German May retail sales and French May consumer spending change – both indicators are forecasted to show weaker growth than before. Euro zone’s CPI is seen unchanged this month at 2.4% y/y. Britain: the BOE will deliver its Financial Stability Report and the Governor Mervyn King will comment on UK financial prospects. The release and King’s speech will be closely watched as the Bank for International Settlements (BIS) has recently warned that the European crisis could infect the UK and the global economy unless governments take urgent action to tackle their problems. Canada: Canada’s economy is expected to add 0.2% in April m/m after gaining 0.1% on March. Advance indicators are mixed: retail sales were discouraging last month, while wholesale trade and housing managed to rise. Moreover, the 58K jobs gain in May was mostly due to the increase in full-time jobs, while aggregate hours worked were flat. Such dynamics may be a warning signal as GDP equals hours worked times labor productivity. US: the University of Michigan will release revised consumer sentiment and inflation expectations data. The outlook of US consumers could see a slight upward revision in June with from the preliminary estimate of 74.1 to 74.3 but remain at 6-month minimum. Also watch US personal spending, personal income and core PCE price index figures as well as Chicago PMI. Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
★★★ Monday, June 25: economy in focus ★★★ Monday, June 25, 2012 - 06:20 EUR/USD weakens on Monday ahead of the Italy’s and Spain’s debt auctions scheduled on Tuesday. Spain is to sell 3- and 6-month bills tomorrow, while Italy will auction inflation-linked securities maturing in 2016 and 2026, as well as up to 3 billion euro in zero-coupon bonds. At the end of the last week Spain’s bond yields declined to 6.38% after overcoming the critical 7% level. Investors fear that the euro zone’s crisis will contaminate bigger economies. The EU leaders meeting in Brussels on June 28-29 is likely to become one of the most important events of the week: politicians will discuss measures towards a regional banking union, tight fiscal integration and the possibility of a debt redemption. The MSCI Asia Pacific Index (MXAP) of shares slid 0.3%: the market switched into a risk-off mode with an increased demand for safe-havens. AUD/USD and NZD/USD fell on speculation the euro zone’s borrowing costs will continue to grow. USD/JPY demonstrates a downward movement after three days of a consecutive growth. Event to watch today: the US new home sales in May are expected to climb to 347K from 343K in April. Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (2 p.m. GMT). Here are the key options expiring today: EUR/USD: $1.2500, $1.2580, $1.2650, $1.2700; USD/JPY: 79.00, 79.50, 80.25, 80.35, 80.50; GBP/USD: $1.5600, $1.5800; AUD/USD: $0.9850, $0.9965, $1.0030, $1.0200; USD/CAD: 1.0110. Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
★★★ Update 999 Demo Contest ★★★ Thursday, Jun 21, 2012 Account#285610 Position: 1st Country: Malaysia Balance: 29999.17 USD Account#283211 Position: 2nd Country: India Balance: 24331.07 USD Account#283043 Position: 3rd Country: Malaysia Balance: 124331.07 USD We are expecting a dynamic and exciting competition with a lot of surprises ahead. We wish all the traders good luck and will carefully follow the contest process. Contest period: 20.06.12 - 20.07.12 Contest details Contestants’ ranking Discuss it at Forum Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
★★★ 999 Contest got started ★★★ Wednesday, Jun 20, 2012 Dear traders! Your favourite 999 Contest has got started. As of today 1024 traders from all over the world will do their best to win the competition. The idea of the contest is pretty simple: each participant gets a demo account with 9999 USD balance in it and 1:100 leverage. You can trade 28 major currency pairs and EAs are allowed. 3 participants with the highest balances by the end of the contest period are announced the winners. It will be them who will withdrawable receive prizes from FBS (555 USD, 333 USD, 111 USD). And the contestant with the lowest deposit will get a free FBS MasterCard. Contestants ranking: http://www.fbs.com/9...ipants?type=cur The contest will take place during 20.06.12-20.07.12 Contest details: http://www.fbs.com/999-demo-contest FBS wishes all the participants good luck! Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
FBS Brokerage Services FBS is an international brokerage house providing top quality financial and investment services all over the world. $5 Cash Reward Breakeven Trading Gold Trading Get FBS MasterCard for FREE! Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
★★★ One more day the 999 will be started ★★★ Take part in 999 demo contest and struggle with the world’s best traders for Forex Market leadership. Contest details Registration: 4.06.12 - 19.06.12 Contest period: 20.06.12 - 20.07.12 Registration Take part and win! Get all the luck! Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
FBS ensures comfortable trading for its customers and investors regardless of their proficiency and trading strategies. We offer three types of accounts: Micro “Micro” account is ideal for beginner traders. This account type allows to test your trading strategy in real conditions. Standard “Standard” account is the next step in trader’s professional growth. It perfectly suits investors who have already developed and tested their trading strategies and now can focus on risks minimization and profit maximization. Unlimited “Unlimited” account is close to the real market conditions and is designed for proficient traders and investors. Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
Open an account in less than 3 minutes and start your trading today! Open LIVE account Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
- 2,777 replies
-
- 1
-
-
- FBS
- FBS markets
- (and 6 more)
-
★★★ Registration for 999 is open ★★★ Dear traders! Take part in 999 demo contest and struggle with the world’s best traders for Forex Market leadership. The idea of the contest is pretty straightforward: each participant gets a demo account with 9999 USD balance in it and 1:100 leverage. You can trade 28 major currency pairs and EAs are allowed. 3 participants with the highest deposits by the end of the contest period are announced the winners. It is them who receive withdrawable prizes from FBS. Participate in the contest and win 555 USD, 333 USD or 111 USD from FBS. Contest details Registration: 4.06.12 - 19.06.12 Contest period: 20.06.12 - 20.07.12 Registration Take part and win! Get all the luck! Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
Benefit from trading with FBS Deal directly from live price quotes Instantaneous trade execution and confirmation Fast and efficient execution of deals Lower transaction costs Real-time profit and loss analysis Full access to market information Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012
-
★★★ June 11 - 17: main events of the week ★★★ Tuesday, June 12: Japan: Tertiary industry activity is expected to increase by 0.4% in April after a 0.6% decline in March. Australia: May NAB business confidence index will be released (in April the index reached 4). Australia: The RBA’s Governor Glenn Stevens is scheduled to speak at the Prime Minister's Economic Forum. Euro zone: Greek T-bill auction. Dutch 20-year bond auction. Great Britain: According to economists, manufacturing production in April increased by 0.1% compared with a 0.9% growth in March. U.S.: Federal budget balance is expected to show $107.2B deficit in May after $59.1B surplus. Wednesday, June 13: Euro zone: Industrial production in the region is forecasted to drop by 0.9% in April after a 0.3% decline in March. Germany holds a 10-year bond auction. Italy holds a T-bill auction, Germany - a bond auction. U.S.: Retail sales are to decrease by 0.1% while core retail sales (excluding automobiles) – to increase by the same percent. Producer price index may go down by 0.6% in May. The April disappointing results, when a 0.2% decline was recorded, reinforce the worries about the further monetary policy easing. Business inventories may increase by 0.4% April. Later in the day a 10-year bond auction will be held. Thursday, June 14: New Zealand: The Reserve Bank of New Zealand is widely expected to keep its official cash rate (OCR) at 2.5%. According to the RBNZ Governor Alan Bollard, inflation is within the expected range and the domestic economy is showing signs of recovery; the global outlook, however, remains unclear. Some investors see the downward risks for the OCR after the Reserve Bank Australia unexpectedly cut the rates to 3.5% last week. The RBNZ senior economist Stephen Toplis, however, believes it is unnecessary for the regulator to cut rates in the manner the market has been trying to price. Switzerland: The Swiss Libor rate is expected to remain unchanged at 0-0.25%. The announcement is to be accompanied by the central bank’s quarterly monetary policy statement and followed by a press conference. The SNB is also to publish its financial stability report on Thursday. Euro zone: The ECB is to issue its monthly bulletin, which reveals the statistical data that the ECB Governing Board evaluated when making the latest interest rate decision, and provides detailed analysis of current and future economic conditions. The regional CPI growth in May is forecasted remain at 2.4%, while core CPI – at 1.6%. Italy holds a bond auction. Canada: Housing price index, a key indicator of the housing industry’s health, may increase by 0.5% in April after a 0.3% growth in March. U.S.: Core CPI is predicted to gain 0.2% in May, while CPI is expected to decline by 0.2%. A slight rise of unemployment claims to 378,000 is expected. In the previous week the number of people applying for unemployment benefits dropped to 377,000 from 389,000, while economists expected claims to reach 381,000. U.S. holds a 30-year bond auction. Great Britain: The Bank of England Governor Mervyn King is to speak. Friday, June 15: Japan: The Bank of Japan is expected to leave the overnight call rate at the minimum of 0.1%. The announcement is to be accompanied by the bank’s rate statement and a press conference to discuss the rate decision. Euro zone: The ECB President Mario Draghi speaks. Canada: Manufacturing sales, a leading indicator of economic health, are expected to go up by 2.2% in April after a 1.9% growth in March. Great Britain: Britain’s trade deficit is expected to decline slightly to 8.5B. U.S.: Empire State Manufacturing Index in June is to decline to 14.1 from the previous 17.1 print, while the industrial production in May is likely to increase by 0.1% vs. a 1.1% growth in April. Capacity utilization rate, a leading indicator of consumer inflation, is expected to remain at 79.2%. Economists forecast the preliminary UoM consumer sentiment index to decline to 77.5 in June. In May the key indicator of the consumer spending reached its highest level in four years (79.3), what is a good sign for the U.S. economy. Sunday, June 17: Euro zone: Greece will hold the new parliamentary elections after the vote last month failed to form a coalition. According to recent surveys, 23% of the respondents support the pro-bailout party New Democracy, and 11.2% - the socialist Pasok party, which also backs the rescue program. 22%, however, support the anti- bailout Syriza party. In France the second round of parliamentary elections will be held. In the first round of the parliamentary elections the Socialist Party of President Francois Hollande is expected to receive a majority. Work with FBS , be friends with FBS and be successful! Fastest Growing Forex Broker Asia 2012