was ist ein trader

Warum Sozialleistungen erhöht werden sollen

On Monday, 5 January 2015 Posted by Mr Camel

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Für diejenigen Menschen, die in Washington („<i>inside the Beltway</i>“) ernst genommen werden, gilt seit vielen Jahren eine überwältigende Regel, die lautet, dass man seine Bereitschaft zur Kürzung der Sozialleistungen erklären muss, und zwar im Rahmen der Reform von Social Security, schreibt <b>Paul Krugman</b> in seiner lesenswerten Kolumne („<i>Expanding Social Security</i>“) am Freitag in <a href="http://www.nytimes.com/2013/11/22/opinion/krugman-expanding-social-security.html">NYTimes</a>.</div>
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Es ging nie um Zahlen, die die Vorstellung sowieso nicht unterstützen, dass die soziale Sicherheit in einer akuten Krise steckt. Es hat stattdessen mit einer Art Erklärung von Identität zu tun, zu zeigen, dass man zum Establishment gehört und willens ist, anderen Menschen im Namen der haushaltspolitischen Verantwortung unnötiges Leid zuzufügen.<o:p></o:p></div>
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Eine komische Sache ist aber, erklärt Krugman, was sich in den vergangenen Jahren abgezeichnet hat, dass jetzt eine Diskussion darüber stattfindet, die <i>Social Security</i> nicht zu kürzen, sondern auszudehnen. Die Rede von der Ausweitung der sozialen Sicherheit hat sogar mittlerweile den Weg zum Senat gefunden, wo <b>Tom Harkin</b> das <a href="http://www.harkin.senate.gov/press/release.cfm?i=341035">Gesetz</a> für die Erhöhung der Sozialleistungen vorgestellt hat. Ein paar Tage später hat Senatorin <b>Elizabeth Warren</b>einen mitreissenden <a href="http://www.washingtonpost.com/blogs/plum-line/wp/2013/11/18/elizabeth-warren-dont-cut-social-security-expand-it/">Vortrag</a> über die Vorteile der Vorsorgeleistungen gehalten.<o:p></o:p></div>
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Wo kommt das Ganze jetzt her? Eine Antwort ist, dass die Defizit-Schimpfer, die Sozialleistungen abbauen wollen, verdientermassen, in den vergangenen Jahren viel an Glaubwürdigkeit verloren haben. Darüber hinaus steckt Amerikas Rentensystem in grossen Schwierigkeiten.<o:p></o:p></div>
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Viele Arbeitnehmer hatten bislang leistungsorientierte Pensionspläne gehabt; Pläne, wonach ein regelmässiges Einkommen nach der Pensionierung durch die Arbeitgeber garantiert war. Und eine ganze Reihe von Senioren profitieren heute noch von solchen Plänen.<o:p></o:p></div>
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Heute hingegen haben Arbeitnehmer, die im Allgemeinen überhaupt über irgendeine Altersvorsorge verfügen, i.d.R. beitragsorientierte Pläne, hauptsächlich 401(k). Das Problem dabei ist klar, dass die Umstellung auf <a href="http://www.epi.org/publication/retirement-inequality-chartbook/">401(k)</a> ein riesiger Fehler war, so Krugman. Die Arbeitgeber nutzten die Umwandlung aus, um soziale Leistungen heimlich zu reduzieren. Die Anlagerenditen waren weit geringer als Arbeitnehmern versprochen wurde. Andererseits haben viele Menschen ihr Geld nicht klug verwalten können.<o:p></o:p></div>
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Folglich sieht man jetzt auf eine drohende Krise des Rentensystems gegenüber, mit Dutzenden von Millionen von Amerikanern, die einen starken Rückgang des Lebensstardards erleben. Für viele gilt, dass das einzige, was sie vor bitterer Armut schützt, <i>Social Security</i> ist. Ist man nicht froh, dass dieses Programm nicht privatisiert worden ist?</div>
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Realistisch betrachtet dürfte die Ausdehnung von <i>Social Security</i> nicht so bald erfolgen. Aber es ist eine Idee, die es Wert ist. Und es ist ein sehr gutes Zeichen, dass es endlich dazu gekommen ist, hält <a href="http://krugman.blogs.nytimes.com/2013/11/20/social-security-and-secular-stagnation/">Krugman</a> als Fazit fest.</div>
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Für diejenigen Menschen, die in Washington („inside the Beltway“) ernst genommen werden, gilt seit vielen Jahren eine überwältigende Regel, die lautet, dass man seine Bereitschaft zur Kürzung der Sozialleistungen erklären muss, und zwar im Rahmen de…

Produktionslücke ist eine angebotsseitige Konzeption

On Monday, 1 December 2014 Posted by Mr Camel

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<span style="font-family: Arial, Helvetica, sans-serif;"><b>Thomas Jordan</b>, SNB Präsident hat in den einleitenden <a href="http://www.snb.ch/de/mmr/speeches/id/ref_20131212_tjn">Bemerkungen</a> zur geldpolitischen Lagebeurteilung am 12. Dezember darauf hingewiesen, dass die Auslastung der Produktionskapazität sich in der Schweiz verbessert hat, aber die Produktionslücke (<a href="http://acemaxx-analytics-dispinar.blogspot.ch/2013/07/steht-die-eu-haushaltspolitik-vor-einer.html">output gap</a>) negativ bleibt.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Damit hat Jordan im Grunde genommen die Anpassung der von der SNB prognostizierten Inflation jeweils um 0,1% nach unten für 2014 und 2015 begründet. <o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Trotz des kräftigen Anstiegs der <a href="http://acemaxx-analytics-dispinar.blogspot.ch/2012/03/schweiz-hat-aussergewohnlich-tiefe.html">Notenbankgeldmenge</a> (<i>monetary base</i>) in den vergangenen Jahren setzt sich die negative Inflation in der Schweiz fort. Und auf absehbare Zeit sind keine Inflationsrisiken erkennbar.<o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Das geschätzte Produktionspotenzial ergab in der Schweiz im zweiten Quartal eine Produktionslücke von <b>-1,2%</b>, wie die SNB im Quartalsheft 3/2013 September mitteilt. Die geöffnet verbleibende Produktionslücke deutet darauf hin, dass die Produktionsfaktoren nicht ausgelastet sind. Das heisst wiederum, dass wir es hier mit einem Nachfrageausfall zu tun haben.<o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Die <a href="http://acemaxx-analytics-dispinar.blogspot.ch/2012/06/produktionslucke-und-schweizer.html">Produktionslücke</a> gibt die prozentuale Abweichung des beobachteten BIP-Niveaus vom geschätzten Produktionspotenzial an. Das Produktionspotenzial wird in der Schweiz aufgrund einer Produktionsfunktion geschätzt. <o:p></o:p></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCpjHfqir5G9Dmk63j8iU0UvUF4JlBDY8RfaiNfF-y-4BXo3bv_gh9WDgfMfEgM-Hbms07nwXMV_OxwgcWpvG41FLBnv27KF5lwVRM-RE0X8n6PhwiR7ADYgQ3TVIe_kH27DxYJXlDevI0/s1600/Output+Gap+Switzerland,+Graph+SNB+in+Quarterly+Bulletin,+3+2013,+Sept.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCpjHfqir5G9Dmk63j8iU0UvUF4JlBDY8RfaiNfF-y-4BXo3bv_gh9WDgfMfEgM-Hbms07nwXMV_OxwgcWpvG41FLBnv27KF5lwVRM-RE0X8n6PhwiR7ADYgQ3TVIe_kH27DxYJXlDevI0/s400/Output+Gap+Switzerland,+Graph+SNB+in+Quarterly+Bulletin,+3+2013,+Sept.jpg" width="400" /></span></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: x-small;">Produktionslücke (<i>output gap</i>) in der Schweiz, <i>Graph</i>: SNB in: Quartalsheft 3/2013, September</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Wenn die Nachfrage kleiner ist als die potezielle Produktion (<i>output</i>), dann ist das tatsächliche Wirtschaftswachstum geringer als das potenzielle Wachstum. Das brachliegende Kapital wird dem <a href="http://acemaxx-analytics-dispinar.blogspot.ch/2009/07/stimulus-paket-und-produktionslucke.html">Okun’schen Gesetz</a> zufolge durch die Arbeitslosigkeit <a href="http://acemaxx-analytics-dispinar.blogspot.ch/2009/10/produktionslucke.html">widerspiegelt</a>.<o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Der potenzielle Output hängt von den Variablen der Angebotsseite ab. Der tatsächliche Output wird hauptsächlich von der Nachfrageseite bestimmt. <o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirAjGxWQb8Loqm3BsyEovZl6RhpcxLVCGWoTKYErAIM7vUsle0jZxcJHlAO_VeHZ8pFYjdBQ6ZC1ZmkOSyIClReun6MKiv2kiuLNpbVP3okjYtrndmZXTPswpQgG1w_LRXQSZ_lttZG53A/s1600/monetary+base+Switzerland,+Graph+SNB+Quarterly+Bulletin+3+2013,+Sept.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" height="356" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirAjGxWQb8Loqm3BsyEovZl6RhpcxLVCGWoTKYErAIM7vUsle0jZxcJHlAO_VeHZ8pFYjdBQ6ZC1ZmkOSyIClReun6MKiv2kiuLNpbVP3okjYtrndmZXTPswpQgG1w_LRXQSZ_lttZG53A/s400/monetary+base+Switzerland,+Graph+SNB+Quarterly+Bulletin+3+2013,+Sept.jpg" width="400" /></span></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: x-small;">Notenbankgeldmenge (<i>monetary base</i>) Schweiz, Graph: SNB in: Quartalsheft 3/2013, September</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">In einer von <a href="https://twitter.com/izakaminska">Izabella Kaminska</a> kürzlich in <a href="http://ftalphaville.ft.com/2013/12/11/1717992/secular-stagnation-and-the-bastardisation-of-keynes/">FTAlphaville</a> zitierten Forschungsarbeit schreiben die Autoren, dass der Versuch, die gegenwärtige Situation der Weltwirtschaft mit der „<a href="http://acemaxx-analytics-dispinar.blogspot.ch/2013/11/was-ist-secular-stagnation-theorie.html">secular stagnation</a>“-Theorie (vertreten von Krugman und Summers) zu beschreiben, eine kurzsichtige Ansicht darstelle. Das heisst, dass es heute nicht um Nachfrageausfall gehe, sondern darum, dass die Verschuldung dazu beigetragen hat, dass die Wirtschaft über Potential  Output (Trendwachstum) gewachsen ist.<o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Die Autoren scheinen aber nicht zu verstehen, dass Potential Output (d.h. Produktionspotenzial) eine angebotsseitig orientierte Konzeption ist, wie <a href="http://krugman.blogs.nytimes.com/2013/12/11/potential-misunderstandings/">Paul Krugman</a> in seinem Blog betont. So ähnlich wie die strukturelle Arbeitslosigkeit, die als die niedrigste Arbeitslosenquote im Einklang mit einer stabilen und niedrigen Inflation definiert wird, wird der Produktionspotenzial als das höchste Niveau an Output (d.h. BIP) beschrieben, die mit einer stabilen und niedrigen Inflation im Einklang steht.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Das bedeutet, dass jemand, der behauptet, dass die Wirtschaft über dem Potenzialwachstum hinaus gewachsen sei, zeigen muss, dass die Inflation am Ende des Prozesses stark gestiegen ist. Wenn die Wirtschaft in der Ära <i><a href="http://acemaxx-analytics-dispinar.blogspot.ch/2013/04/the-federal-reserve-and-financial-crisis.html">Great Moderation</a></i> über dem Potenzial gewachsen ist, dann müsste die Ära in Inflation münden. Die Inflation müsste jedenfalls am Ende höher liegen als am Anfang der Ära. Es ist aber nicht der Fall. Ganz im Gegenteil ist die Inflation sogar weiter gesunken. <o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Die Autoren erklären, dass die Wirtschaft über Gebühr gewachsen sein muss, weil es sich in dieser Phase der <i>Great Moderation</i> viele schlechte Investitionen gegeben hat und es zu einer Spekulationsblase (<i>bubble</i>) gekommen ist. Was hat das Ganze aber mit der Frage der <a href="http://acemaxx-analytics-dispinar.blogspot.ch/2013/12/was-ist-die-ursache-der-sakularen.html">säkularen Stagnation</a> zu tun?</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">Ein weiterer Aspekt zum Schluss ist, dass man nicht vergessen darf, in der Analyse der <a href="http://acemaxx-analytics-dispinar.blogspot.ch/2013/12/neue-debatte-in-der-okonomen.html">wachsenden Ungleichheit</a> auch Produktionslücke zu betrachten. Dann kann man sich besser ausmalen, welchen Schaden die Einkommensungleichheit in der Gesellschaft anrichtet, und sogar mehr als die Rezession.</span></div>
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Thomas Jordan, SNB Präsident hat in den einleitenden Bemerkungen zur geldpolitischen Lagebeurteilung am 12. Dezember darauf hingewiesen, dass die Auslastung der Produktionskapazität sich in der Schweiz verbessert hat, aber die Produktionslücke (outp…

French Flash Manufacturing PMI

On Wednesday, 20 August 2014 Posted by Mr Camel

<table style="border-collapse: collapse; border-spacing: 0px; border: none; color: black; font-family: Verdana, Helvetica, sans-serif; font-size: 11px; line-height: 15.679999351501465px; table-layout: auto; width: 1075px;"><tbody>
<tr class="calendar_row" data-eventid="52004"><td class="time" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 16px 4px 9px; text-align: center; vertical-align: middle;">2:00pm</td><td class="currency" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 0px; text-align: center; vertical-align: middle;">CHF</td><td class="impact" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="medium" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -102px; background-repeat: no-repeat no-repeat; display: inline-block; height: 16px; min-width: 16px;" title="Medium Impact Expected"></span></td><td class="event" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px 4px 5px; vertical-align: middle;"><span style="display: block; margin-left: 14px; padding: 1px 4px;">Trade Balance</span></td><td class="detail" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_detail level0" data-level="0" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -745px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Detail"></a></td><td class="actual" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="forecast" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">1.87B</td><td class="previous" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">1.38B</td><td class="graph" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_chart" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -169px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Graph"></a></td></tr>
<tr class="calendar_row" data-eventid="50319"><td class="date" style="border-right-color: rgb(230, 232, 237); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(244, 246, 249); border-top-style: solid; border-top-width: 1px; padding: 5px 0px 0px; text-align: center; vertical-align: top;"></td><td class="time" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 16px 4px 9px; text-align: center; vertical-align: middle;">3:00pm</td><td class="currency" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 0px; text-align: center; vertical-align: middle;">EUR</td><td class="impact" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="high" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -145px; background-repeat: no-repeat no-repeat; display: inline-block; height: 16px; min-width: 16px;" title="High Impact Expected"></span></td><td class="event" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px 4px 5px; vertical-align: middle;"><span style="display: block; margin-left: 14px; padding: 1px 4px;">French Flash Manufacturing PMI</span></td><td class="detail" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_detail level1" data-level="1" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -232px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Detail"></a></td><td class="actual" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="forecast" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">47.9</td><td class="previous" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="revised" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 100% -535px; background-repeat: no-repeat no-repeat; padding-right: 7px;" title="Revised From 47.6">47.8</span></td><td class="graph" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_chart" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -169px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Graph"></a></td></tr>
<tr class="calendar_row nogrid" data-eventid="50320"><td class="date" style="border-right-color: rgb(230, 232, 237); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(244, 246, 249); border-top-style: solid; border-top-width: 1px; padding: 5px 0px 0px; text-align: center; vertical-align: top;"></td><td class="time" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 16px 4px 9px; text-align: center; vertical-align: middle;"></td><td class="currency" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 0px; text-align: center; vertical-align: middle;">EUR</td><td class="impact" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="medium" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -102px; background-repeat: no-repeat no-repeat; display: inline-block; height: 16px; min-width: 16px;" title="Medium Impact Expected"></span></td><td class="event" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px 4px 5px; vertical-align: middle;"><span style="display: block; margin-left: 14px; padding: 1px 4px;">French Flash Services PMI</span></td><td class="detail" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_detail level1" data-level="1" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -232px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Detail"></a></td><td class="actual" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="forecast" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">50.3</td><td class="previous" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">50.4</td><td class="graph" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_chart" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -169px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Graph"></a></td></tr>
<tr class="calendar_row" data-eventid="50321"><td class="date" style="border-right-color: rgb(230, 232, 237); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(244, 246, 249); border-top-style: solid; border-top-width: 1px; padding: 5px 0px 0px; text-align: center; vertical-align: top;"></td><td class="time" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 16px 4px 9px; text-align: center; vertical-align: middle;">3:30pm</td><td class="currency" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 0px; text-align: center; vertical-align: middle;">EUR</td><td class="impact" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="high" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -145px; background-repeat: no-repeat no-repeat; display: inline-block; height: 16px; min-width: 16px;" title="High Impact Expected"></span></td><td class="event" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px 4px 5px; vertical-align: middle;"><span style="display: block; margin-left: 14px; padding: 1px 4px;">German Flash Manufacturing PMI</span></td><td class="detail" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_detail level1" data-level="1" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -232px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Detail"></a></td><td class="actual" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="forecast" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">51.7</td><td class="previous" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="revised worse" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 100% -535px; background-repeat: no-repeat no-repeat; color: #cc0000; padding-right: 7px;" title="Revised From 52.9">52.4</span></td><td class="graph" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_chart" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -169px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Graph"></a></td></tr>
<tr class="calendar_row nogrid" data-eventid="50322"><td class="date" style="border-right-color: rgb(230, 232, 237); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(244, 246, 249); border-top-style: solid; border-top-width: 1px; padding: 5px 0px 0px; text-align: center; vertical-align: top;"></td><td class="time" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 16px 4px 9px; text-align: center; vertical-align: middle;"></td><td class="currency" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 0px; text-align: center; vertical-align: middle;">EUR</td><td class="impact" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="medium" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -102px; background-repeat: no-repeat no-repeat; display: inline-block; height: 16px; min-width: 16px;" title="Medium Impact Expected"></span></td><td class="event" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px 4px 5px; vertical-align: middle;"><span style="display: block; margin-left: 14px; padding: 1px 4px;">German Flash Services PMI</span></td><td class="detail" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_detail level1" data-level="1" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -232px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Detail"></a></td><td class="actual" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="forecast" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">55.5</td><td class="previous" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="revised" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 100% -535px; background-repeat: no-repeat no-repeat; padding-right: 7px;" title="Revised From 56.6">56.7</span></td><td class="graph" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_chart" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -169px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Graph"></a></td></tr>
<tr class="calendar_row" data-eventid="50317"><td class="date" style="border-right-color: rgb(230, 232, 237); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(244, 246, 249); border-top-style: solid; border-top-width: 1px; padding: 5px 0px 0px; text-align: center; vertical-align: top;"></td><td class="time" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 16px 4px 9px; text-align: center; vertical-align: middle;">4:00pm</td><td class="currency" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 0px; text-align: center; vertical-align: middle;">EUR</td><td class="impact" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="medium" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -102px; background-repeat: no-repeat no-repeat; display: inline-block; height: 16px; min-width: 16px;" title="Medium Impact Expected"></span></td><td class="event" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px 4px 5px; vertical-align: middle;"><span style="display: block; margin-left: 14px; padding: 1px 4px;">Flash Manufacturing PMI</span></td><td class="detail" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_detail level1" data-level="1" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -232px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Detail"></a></td><td class="actual" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="forecast" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">51.4</td><td class="previous" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="revised" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 100% -535px; background-repeat: no-repeat no-repeat; padding-right: 7px;" title="Revised From 51.9">51.8</span></td><td class="graph" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_chart" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -169px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Graph"></a></td></tr>
<tr class="calendar_row nogrid" data-eventid="50318"><td class="date" style="border-right-color: rgb(230, 232, 237); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(244, 246, 249); border-top-style: solid; border-top-width: 1px; padding: 5px 0px 0px; text-align: center; vertical-align: top;"></td><td class="time" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 16px 4px 9px; text-align: center; vertical-align: middle;"></td><td class="currency" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 0px; text-align: center; vertical-align: middle;">EUR</td><td class="impact" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="medium" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -102px; background-repeat: no-repeat no-repeat; display: inline-block; height: 16px; min-width: 16px;" title="Medium Impact Expected"></span></td><td class="event" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px 4px 5px; vertical-align: middle;"><span style="display: block; margin-left: 14px; padding: 1px 4px;">Flash Services PMI</span></td><td class="detail" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_detail level1" data-level="1" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -232px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Detail"></a></td><td class="actual" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="forecast" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">53.6</td><td class="previous" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="revised" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 100% -535px; background-repeat: no-repeat no-repeat; padding-right: 7px;" title="Revised From 54.4">54.2</span></td><td class="graph" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_chart" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -169px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Graph"></a></td></tr>
<tr class="calendar_row" data-eventid="51650"><td class="date" style="border-right-color: rgb(230, 232, 237); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(244, 246, 249); border-top-style: solid; border-top-width: 1px; padding: 5px 0px 0px; text-align: center; vertical-align: top;"></td><td class="time" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 16px 4px 9px; text-align: center; vertical-align: middle;">4:30pm</td><td class="currency" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 0px; text-align: center; vertical-align: middle;">GBP</td><td class="impact" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="high" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -145px; background-repeat: no-repeat no-repeat; display: inline-block; height: 16px; min-width: 16px;" title="High Impact Expected"></span></td><td class="event" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px 4px 5px; vertical-align: middle;"><span style="display: block; margin-left: 14px; padding: 1px 4px;">Retail Sales m/m</span></td><td class="detail" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_detail level1" data-level="1" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -232px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Detail"></a></td><td class="actual" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="forecast" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">0.4%</td><td class="previous" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">0.1%</td><td class="graph" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_chart" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -169px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Graph"></a></td></tr>
<tr class="calendar_row nogrid" data-eventid="51666"><td class="date" style="border-right-color: rgb(230, 232, 237); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(244, 246, 249); border-top-style: solid; border-top-width: 1px; padding: 5px 0px 0px; text-align: center; vertical-align: top;"></td><td class="time" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 16px 4px 9px; text-align: center; vertical-align: middle;"></td><td class="currency" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 0px; text-align: center; vertical-align: middle;">GBP</td><td class="impact" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="medium" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -102px; background-repeat: no-repeat no-repeat; display: inline-block; height: 16px; min-width: 16px;" title="Medium Impact Expected"></span></td><td class="event" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px 4px 5px; vertical-align: middle;"><span style="display: block; margin-left: 14px; padding: 1px 4px;">Public Sector Net Borrowing</span></td><td class="detail" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_detail level0" data-level="0" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -745px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Detail"></a></td><td class="actual" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="forecast" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">-1.9B</td><td class="previous" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">9.5B</td><td class="graph" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_chart" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -169px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Graph"></a></td></tr>
<tr class="calendar_row" data-eventid="51945"><td class="date" style="border-right-color: rgb(230, 232, 237); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(244, 246, 249); border-top-style: solid; border-top-width: 1px; padding: 5px 0px 0px; text-align: center; vertical-align: top;"></td><td class="time" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 16px 4px 9px; text-align: center; vertical-align: middle;">Tentative</td><td class="currency" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 0px; text-align: center; vertical-align: middle;">GBP</td><td class="impact" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="low" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -59px; background-repeat: no-repeat no-repeat; display: inline-block; height: 16px; min-width: 16px;" title="Low Impact Expected"></span></td><td class="event" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px 4px 5px; vertical-align: middle;"><span style="display: block; margin-left: 14px; padding: 1px 4px;">10-y Bond Auction</span></td><td class="detail" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_detail level0" data-level="0" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -745px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Detail"></a></td><td class="actual" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="forecast" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="previous" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">2.70|1.8</td><td class="graph" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td></tr>
<tr class="calendar_row" data-eventid="49508"><td class="date" style="border-right-color: rgb(230, 232, 237); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(244, 246, 249); border-top-style: solid; border-top-width: 1px; padding: 5px 0px 0px; text-align: center; vertical-align: top;"></td><td class="time" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 16px 4px 9px; text-align: center; vertical-align: middle;">8:30pm</td><td class="currency" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 0px; text-align: center; vertical-align: middle;">USD</td><td class="impact" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="high" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -145px; background-repeat: no-repeat no-repeat; display: inline-block; height: 16px; min-width: 16px;" title="High Impact Expected"></span></td><td class="event" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px 4px 5px; vertical-align: middle;"><span style="display: block; margin-left: 14px; padding: 1px 4px;">Unemployment Claims</span></td><td class="detail" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_detail level1" data-level="1" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -232px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Detail"></a></td><td class="actual" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="forecast" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">302K</td><td class="previous" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">311K</td><td class="graph" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_chart" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -169px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Graph"></a></td></tr>
<tr class="calendar_row" data-eventid="49690"><td class="date" style="border-right-color: rgb(230, 232, 237); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(244, 246, 249); border-top-style: solid; border-top-width: 1px; padding: 5px 0px 0px; text-align: center; vertical-align: top;"></td><td class="time" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 16px 4px 9px; text-align: center; vertical-align: middle;">9:45pm</td><td class="currency" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 0px; text-align: center; vertical-align: middle;">USD</td><td class="impact" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="medium" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -102px; background-repeat: no-repeat no-repeat; display: inline-block; height: 16px; min-width: 16px;" title="Medium Impact Expected"></span></td><td class="event" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px 4px 5px; vertical-align: middle;"><span style="display: block; margin-left: 14px; padding: 1px 4px;">Flash Manufacturing PMI</span></td><td class="detail" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_detail level1" data-level="1" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -232px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Detail"></a></td><td class="actual" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="forecast" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">55.7</td><td class="previous" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="revised worse" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 100% -535px; background-repeat: no-repeat no-repeat; color: #cc0000; padding-right: 7px;" title="Revised From 56.3">55.8</span></td><td class="graph" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_chart" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -169px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Graph"></a></td></tr>
<tr class="calendar_row" data-eventid="53873"><td class="date" style="border-right-color: rgb(230, 232, 237); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(244, 246, 249); border-top-style: solid; border-top-width: 1px; padding: 5px 0px 0px; text-align: center; vertical-align: top;"></td><td class="time" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 16px 4px 9px; text-align: center; vertical-align: middle;">10:00pm</td><td class="currency" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 0px; text-align: center; vertical-align: middle;">EUR</td><td class="impact" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="low" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -59px; background-repeat: no-repeat no-repeat; display: inline-block; height: 16px; min-width: 16px;" title="Low Impact Expected"></span></td><td class="event" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px 4px 5px; vertical-align: middle;"><span style="display: block; margin-left: 14px; padding: 1px 4px;">Consumer Confidence</span></td><td class="detail" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_detail level1" data-level="1" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -232px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Detail"></a></td><td class="actual" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="forecast" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">-9</td><td class="previous" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">-8</td><td class="graph" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_chart" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -169px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Graph"></a></td></tr>
<tr class="calendar_row nogrid" data-eventid="52742"><td class="date" style="border-right-color: rgb(230, 232, 237); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(244, 246, 249); border-top-style: solid; border-top-width: 1px; padding: 5px 0px 0px; text-align: center; vertical-align: top;"></td><td class="time" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 16px 4px 9px; text-align: center; vertical-align: middle;"></td><td class="currency" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 0px; text-align: center; vertical-align: middle;">USD</td><td class="impact" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="high" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -145px; background-repeat: no-repeat no-repeat; display: inline-block; height: 16px; min-width: 16px;" title="High Impact Expected"></span></td><td class="event" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px 4px 5px; vertical-align: middle;"><span style="display: block; margin-left: 14px; padding: 1px 4px;">Philly Fed Manufacturing Index</span></td><td class="detail" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_detail level1" data-level="1" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -232px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Detail"></a></td><td class="actual" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="forecast" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">19.7</td><td class="previous" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">23.9</td><td class="graph" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_chart" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -169px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Graph"></a></td></tr>
<tr class="calendar_row nogrid" data-eventid="52653"><td class="date" style="border-right-color: rgb(230, 232, 237); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(244, 246, 249); border-top-style: solid; border-top-width: 1px; padding: 5px 0px 0px; text-align: center; vertical-align: top;"></td><td class="time" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 16px 4px 9px; text-align: center; vertical-align: middle;"></td><td class="currency" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 0px; text-align: center; vertical-align: middle;">USD</td><td class="impact" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="medium" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -102px; background-repeat: no-repeat no-repeat; display: inline-block; height: 16px; min-width: 16px;" title="Medium Impact Expected"></span></td><td class="event" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px 4px 5px; vertical-align: middle;"><span style="display: block; margin-left: 14px; padding: 1px 4px;">Existing Home Sales</span></td><td class="detail" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_detail level1" data-level="1" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -232px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Detail"></a></td><td class="actual" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="forecast" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">5.01M</td><td class="previous" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">5.04M</td><td class="graph" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_chart" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -169px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Graph"></a></td></tr>
<tr class="calendar_row nogrid" data-eventid="52843"><td class="date" style="border-right-color: rgb(230, 232, 237); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(244, 246, 249); border-top-style: solid; border-top-width: 1px; padding: 5px 0px 0px; text-align: center; vertical-align: top;"></td><td class="time" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 16px 4px 9px; text-align: center; vertical-align: middle;"></td><td class="currency" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 0px; text-align: center; vertical-align: middle;">USD</td><td class="impact" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="low" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -59px; background-repeat: no-repeat no-repeat; display: inline-block; height: 16px; min-width: 16px;" title="Low Impact Expected"></span></td><td class="event" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px 4px 5px; vertical-align: middle;"><span style="display: block; margin-left: 14px; padding: 1px 4px;">CB Leading Index m/m</span></td><td class="detail" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_detail level1" data-level="1" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -232px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Detail"></a></td><td class="actual" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="forecast" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">0.6%</td><td class="previous" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">0.3%</td><td class="graph" style="border-top-color: transparent !important; border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_chart" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -169px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Graph"></a></td></tr>
<tr class="calendar_row" data-eventid="49561"><td class="date" style="border-right-color: rgb(230, 232, 237); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(244, 246, 249); border-top-style: solid; border-top-width: 1px; padding: 5px 0px 0px; text-align: center; vertical-align: top;"></td><td class="time" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 16px 4px 9px; text-align: center; vertical-align: middle;">10:30pm</td><td class="currency" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 0px; text-align: center; vertical-align: middle;">USD</td><td class="impact" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><span class="low" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -59px; background-repeat: no-repeat no-repeat; display: inline-block; height: 16px; min-width: 16px;" title="Low Impact Expected"></span></td><td class="event" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px 4px 5px; vertical-align: middle;"><span style="display: block; margin-left: 14px; padding: 1px 4px;">Natural Gas Storage</span></td><td class="detail" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_detail level0" data-level="0" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -745px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Detail"></a></td><td class="actual" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"></td><td class="forecast" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">83B</td><td class="previous" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;">78B</td><td class="graph" style="border-top-color: rgb(230, 232, 237); border-top-style: solid; border-top-width: 1px; padding: 4px 9px; text-align: center; vertical-align: middle;"><a class="calendar_chart" href="https://www.blogger.com/null" style="background-image: url(http://resources.forexfactory.net/images/sprite/icons.png?v=1.0.141); background-position: 0px -169px; background-repeat: no-repeat no-repeat; border: none; color: #0e5094; cursor: pointer; display: inline-block; height: 16px; outline: none !important; text-decoration: underline; width: 16px;" title="Open Graph"></a></td></tr>
</tbody></table>

2:00pmCHFTrade Balance1.87B1.38B 3:00pmEURFrench Flash Manufacturing PMI47.947.8 EURFrench Flash Services PMI50.350.4 3:30pmEURGerman Flash Manufacturing PMI51.752.4 EURGerman Flash Services PMI55.556.7 4:00pmEURFlash Manufacturing PMI51.451.8 EURFl…