Joel Backman

Forex Economic Calendar Thursday 15.07.2010

Joel Backman — Thu, 15 Jul 2010 07:59:47 +0000

Thursday 15.07.2010; GMT -5:00 hour

		Actual	Forecast	Previous
00:00	Interest Rate Statement		0.1	0.1
05:00	ZEW Survey Expectations (M/M)		~	17.5
08:30	New Motor Vehicle Sales m/m		-5.1	-4.7
08:30	Manufacturing Shipments m/m		0.4	0.2
08:30	Core PPI m/m		0.1	0.2
08:30	PPI y/y		3.2	5.3
08:30	Core PPI y/y		1.1	1.3
08:30	PPI m/m		-0.1	-0.3
08:30	Empire Manufacturing Survey		18.75	19.57
09:15	Industrial Production m/m		0	1.3
09:15	Capacity Utilization Rate		74.2	74.1
10:00	Philadelphia Fed Index		10	8
18:45	CPI y/y		~	2
18:45	CPI q/q		0.5	0.4
19:50	Tertiary Industry Activity Index m/m		-0.7	2.1

Forex Economic Calendar Tuesday 06.07.2010

Joel Backman — Tue, 06 Jul 2010 09:45:45 +0000

Tuesday 6.07.2010; GMT -5:00 hour

		Actual	Forecast	Previous
00:30	Interest Rate Statement	4.5	4.5	4.5
03:15	CPI y/y	0.5	0.9	1.1
03:15	CPI m/m	-0.4	-0.1	-0.1
08:30	Building Permits m/m	-10.8	-0.5	5.4
10:00	ISM Non-Manufacturing Composite	53.8	55.4	55.4

Forex Economic Calendar Thursday 01.07.2010

Joel Backman — Thu, 01 Jul 2010 07:56:26 +0000

Thursday 1.07.2010; GMT -5:00 hour

		Actual	Forecast	Previous
00:00	Halifax House Price Index m/m		~	-0.4
03:30	SVME PMI	65.7	65.7	66.4
03:30	Interest Rate Statement	0.5	0.5	0.25
03:55	Manufacturing PMI	58.4	58.1	58.1
04:00	Manufacturing PMI	55.6	55.6	55.6
04:30	Manufacturing PMI	57.5	57.5	58
04:30	Index of Services 3m/3m		0.4	0.2
10:00	Construction Spending m/m	-0.2	-0.7	2.7
10:00	ISM Manufacturing Index	56.2	59.1	59.7
10:00	ISM Manufacturing Prices	57	72	77.5
10:00	Pending Home Sales m/m	-30	-20	6
19:50	Monetary Base y/y		3.8	3.7

Forex Economic Calendar Wednesday 30.06.2010

Joel Backman — Wed, 30 Jun 2010 08:35:58 +0000

Wednesday 30.06.2010; GMT -5:00 hour

		Actual	Forecast	Previous
01:00	Housing Starts y/y	-4.6	5.5	0.559
02:00	Nationwide House Prices m/m	0.1	0.3	0.5
02:00	Nationwide House Prices y/y	8.7	9.0	9.8
03:30	Business Confidence	96.1	96.4	96.2
03:55	Unemployment Change	-21	-28	-45
03:55	Unemployment Rate	7.7	7.7	7.7
04:00	Retail Sales m/m	-0.1	~	0.2
04:30	Current Account Balance		-3.6	-1.68
05:00	CPI Estimate (Y/Y)	1.4	1.5	1.6
05:30	Leading Index m/m	2.25	2.16	2.16
08:15	ADP Nonfarm Employment Change	13	55	55
08:30	GDP m/m	0	0.1	0.6
09:45	Chicago PMI	59.1	59.5	59.7
10:30	Crude Oil Inventories	-2007	~	2017
19:50	Tankan Large Manufacturers Index		-3	-14
19:50	Tankan Large Non-Manufacturers Index		-7	-14
21:30	Building Approvals m/m		-1	-14.8
21:30	Retail Sales m/m		0.3	0.6

Stock Picks For Tuesday 29 June

Joel Backman — Tue, 29 Jun 2010 09:42:05 +0000

Shares of Citigroup closed again above its 200-day moving average of $3.99, a bullish sign that puts the next stage of resistance at $4.09 ( 50-dma ). On the technical chart, we can see a few things going on here. First, the stock is testing a horizontal trendline acting as potential resistance. Also, stochastics are indicating a trend reversal to the upside. Last, and definitely not least, we can see that the money seems to be flowing into the stock as indicated by the OBV.

Generex Biotechnology can pop big time on any positive news. The technical daily chart is showing a double bottom here. In addition %K line has just crossed on top over %D line showing strong buy signal as ROC is at oversold level. On balance volume is also showing positive divergences. I will look to buy if the stock breaks above 0.345.

Level 3 Communications has pulled back into support and may offer some value here.

Amazon is at critical support near $115.94. The stock could go either way depending on how it deals with a major trendline.

Forex Economic Calendar Tuesday 29.06.2010

Joel Backman — Mon, 28 Jun 2010 22:02:00 +0000

Tuesday 29.06.2010; GMT -5:00 hour

		Actual	Forecast	Previous
03:30	Retail Sales y/y	2.7	0.3	-1.2
03:30	Retail Sales m/m	1.6	1	-0.2
04:30	Mortgage Approvals	49.8	51	49.871
04:30	M4 Money Supply y/y		~	2.8
04:30	M4 Money Supply m/m		~	0
05:00	Services Confidence (M/M)	4	3	3
05:00	Industrial Confidence (M/M)	-6	-6	-6
05:00	Economic Confidence (M/M)	98.7	98.1	98.4
05:00	Consumer Confidence		-17	-17.3
08:30	Raw Materials Price Index	-7.2	~	1.7
08:30	Industrial Product Price	0.3	~	0.3
09:00	Home Price Index – Comp-20 y/y	3.81	3.4	2.35
10:00	Consumer Confidence	52.9	62.75	63.3
19:01	Consumer Confidence		-20	-18

Forex Economic Calendar Monday 28.06.2010

Joel Backman — Mon, 28 Jun 2010 09:25:58 +0000

Monday 28.06.2010; GMT -5:00 hour

		Actual	Forecast	Previous
00:00	Retail Sales y/y		~	-3.1
00:00	Retail Sales m/m		~	-0.5
00:00	CPI y/y		1.0	1.2
00:00	CPI m/m		0.1	0.1
03:30	Trade Balance	2.7	7.8	6.9
04:00	M3 Money Supply y/y	-0.2	0.3	-0.1
08:30	Personal Income m/m	0.4	0.5	0.4
08:30	PCE Deflator y/y	1.9	1.8	2
08:30	Core PCE y/y	1.3	1.2	1.2
08:30	Personal Spending m/m	0.2	0.2	0
08:30	Core PCE m/m	0.2	0.1	0.1
19:30	Unemployment Rate		5.1	5.1
19:30	Overall Household Spending y/y		1	-0.7
19:50	Industrial Production y/y		20.3	25.9
19:50	Industrial Production m/m		0	1.3

Forex Economic Calendar Monday 14.06.2010

Joel Backman — Mon, 14 Jun 2010 11:17:10 +0000

Monday 14.06.2010; GMT -5:00 hour

		Actual	Forecast	Previous
00:30	Industrial Production y/y		~	25.9
00:30	Industrial Production m/m	1.3	1.3	1.3
03:15	PPI y/y	1.4	0.9	0.8
03:15	PPI m/m	0.3	-0.1	0.6
05:00	Industrial Production m/m	0.8	0.5	1.5
05:00	Industrial Production y/y	9.5	8.7	7.4
08:30	New Motor Vehicle Sales m/m	-4.7	-5	-4.2
19:01	RICS House Price Balance		16	17

Forex Economic Calendar Friday 11.06.2010

Joel Backman — Fri, 11 Jun 2010 08:53:17 +0000

Friday 11.06.2010; GMT -5:00 hour

		Actual	Forecast	Previous
02:45	CPI m/m	0.1	~	0.3
02:45	CPI y/y	1.6	1.7	1.7
04:30	Industrial Production m/m	-0.4	0.4	1.9
04:30	Industrial Production y/y	2.1	2.2	2
04:30	Manufacturing Production m/m	-0.4	0.5	2.3
04:30	Manufacturing Production y/y	3.4	3.8	3.3
04:30	PPI Input y/y	11.2	~	13.1
04:30	PPI Output y/y	5.7	5.8	5.7
04:30	PPI Output m/m	0.3	0.5	1.4
04:30	Core PPI Output y/y	4.4	4.7	4.4
08:30	Core Retail Sales m/m	-1.1	0.1	0.4
08:30	Retail Sales m/m	-1.2	0.2	0.4
09:55	Consumer Sentiment	75.5	75	73.6
10:00	Business Inventories	0.4	0.6	0.4

Forex Economic Calendar Thursday 10.06.2010

Joel Backman — Thu, 10 Jun 2010 09:09:34 +0000

Thursday 10.06.2010; GMT -5:00 hour

		Actual	Forecast	Previous
01:00	Household Confidence	42.8	42	42
02:00	CPI m/m		0.1	0.1
02:00	CPI y/y		1.2	1.2
02:45	Industrial Production m/m	-0.3	0.7	1
02:45	Industrial Production y/y	7.9	~	6.2
02:45	Manufacturing Production m/m	0.4	~	0.8
02:45	Manufacturing Production y/y	8.5	~	6.7
03:30	CPI m/m	0.2	~	0
03:30	CPI y/y	1.2	1.1	1
04:00	Industrial Production m/m	1	0.2	-0.1
04:00	Industrial Production y/y	7.8	6.7	6.4
04:00	CPI m/m	-0.5	-0.2	0.2
04:00	CPI y/y	2.5	2.9	3.3
04:00	CPI Underlying m/m	0.1	0.1	0.3
04:00	CPI Underlying y/y	1.5	1.6	1.7
07:00	Interest Rate Statement	0.5	0.5	0.5
07:45	Interest Rate Statement	1	1	1
08:30	Trade Balance	0.2	0.68	0.254
08:30	New Housing Price Index m/m	0.3	0.3	0.3
08:30	Trade Balance	-40.3	-41	-40.423
14:00	Monthly Budget		-140	-82.689
22:00	CPI y/y		3	2.8
22:00	Industrial Production y/y		17	17.8
22:00	PPI y/y		6.7	6.8
22:00	Retail Sales y/y		18.6	18.5