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★★★ June 11 - 17: main events of the week ★★★

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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!

 

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Fastest Growing Forex Broker Asia 2012

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it seems if there is a video analysis of the market that will further facilitate our

I also hope it will be realized by FBS

 

I agree with you, so we can learn more lot from that video =D maybe FBS education center in Bandung can upload some teaching video about forex learning and share it with us

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true, even though we are in the lowest position even

FBS still give the gift of a master card

 

yeah, FBS is really kind to all the clients. And I think FBS do this to motivated us to always participate in this FBS demo contest because the lowest position too can get a prize from FBS =D

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yes that's what I heard

I've heard FBS will provide $ 30 for T-shirt contest prize NFP want cashed

 

really?? so we can change the T-Shirt prize in to a withdrawal funds? =D wow, every prize for all contest that FBS held really make us more interested to participate on all that contest =D

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it seems if there is a video analysis of the market that will further facilitate our

I also hope it will be realized by FBS

 

I think will be difficult for those with a bad internet connection, he can't watch the video clearly :D

Like me for sure qqq....

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yeah, FBS is really kind to all the clients. And I think FBS do this to motivated us to always participate in this FBS demo contest because the lowest position too can get a prize from FBS =D

 

But I don't wanna to be the last one :)

Hopefully next 999 demo contest I can make better result.

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I agree with you, so we can learn more lot from that video =D maybe FBS education center in Bandung can upload some teaching video about forex learning and share it with us

 

yes, let's hope our wishes will be granted

may be more practical if we get a learning via video

 

I think will be difficult for those with a bad internet connection, he can't watch the video clearly :D

Like me for sure qqq....

 

yes, unfortunately, not all traders have a fast connection

I was sometimes hampered by the problem

:D

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really?? so we can change the T-Shirt prize in to a withdrawal funds? =D wow, every prize for all contest that FBS held really make us more interested to participate on all that contest =D

 

yes, according to the news that I heard it so

I've read at one forum that NFP contest winners get prizes T-shirt or exchanged for $ 30

large enough, right?

 

Let's wait for sist Maory opinion. I heard she make it in cash for the second prize.

 

woww .. is it true?

yeah .. may be too long to wait till t-shirt in Indonesia

so better exchanged for cash

:D

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yeah, FBS is really kind to all the clients. And I think FBS do this to motivated us to always participate in this FBS demo contest because the lowest position too can get a prize from FBS =D

 

yes, the prize was a motivation for us to continue to participate in every contest

:)

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yes, according to the news that I heard it so

I've read at one forum that NFP contest winners get prizes T-shirt or exchanged for $ 30

large enough, right?

 

 

 

woww .. is it true?

yeah .. may be too long to wait till t-shirt in Indonesia

so better exchanged for cash

:D

 

woow.. i am like it, all prizes could be exchange with cash. FBS really know the need of trader

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EURUSD today...

EUR / USD around 1.2500 after moving in Tokyo

EUR / USD opened the establishment of Tokyo with a negative pattern of soft, fell to session lows of 1.2493 as the market was somewhat cautious on the U.S. before the elections are expected by many Greek people on this Wednesday, but, in minutes, has bounced back on top 1.2500.

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