-GMT 23:50 JPN All-Industries Index (m/m), (Aug) EST 1.1% PREVIOUS -0.4%
-GMT 23:50 JPN All-Industries Index (y/y), (Aug) EST 2.0% PREVIOUS 1.2%
The all-industries index adds data from the primary sector – composed of fishing, farming, forestry and mining – and from the secondary, or manufacturing sector, to data for the tertiary sector.
-GMT 06:00 GER PPI (m/m), (Sep) EST 0.4% PREVIOUS 0.1%
-GMT 06:00 GER PPI (y/y), (Sep) EST 1.8% PREVIOUS 1.0%
The PPI gauges the average changes in prices received by domestic producers for their output at all stages of processing. The PPI data is compiled from most sectors of the economy, such as manufacturing, mining and agriculture.
EURO/USD USD/JPY GBP/USD
R3 1.4355 116.45 2.0530
R2 1.4335 116.25 2.0510
R1 1.4310 115.85 2.0470
S1 1.4265 115.25 2.0410
S2 1.4245 115.00 2.0380
S3 1.4220 114.70 2.0355
- (18/10/2007) GMT 23:50 JPN All-Industries Index
D) TRADING TIPS
The principle of confirmation is one of the common themes running throughout the entire subject of market analysis, and is used in conjunction with its counterpart- divergence.
Confirmation refers to the comparison of all technical signals and indicators to ensure that most of those indicators are pointing in the same direction and are confirming one another.
Divergence is the opposite of confirmation and refers to a situation where different technical indicators fail to confirm one another. While it is being used here in negative sense , divergence is a valuable concept in market analysis, and one of the best early warning signals of impending trend reversals.