Isu Negatif Masih Membebani Euro Dan Pound

USD Index 52-weeks High 52-Weeks Low EUR-USD 52-weeks High 52-Weeks Low
83.03 (+62) 89.62 (04/03) 79.63 (02/01) 1.3444 1.4055 (02/01) 1.2459 (04/03)

Dolar AS mengalami penguatan terhadap mata uang Eropa, berkat terpuruknya pasar saham global hari ini, telah mendorong investor menghindari asset yang beresiko (risk aversion) dan menjadikan dolar dan yen kembali mendapatkan status safe haven, meski dolar melemah terhadap yen di sesi Asia hari ini. Dolar mendapatkan keuntungan dari laporan anggota dewan ECB Axel Webber memperingkatkan signal yang berlebihan terhadap pemulihan ekonomi global setelah data GDP Q1 Euro terkontraksi lebih dalam dari perkiraan pasar, diikuti laporan General Motor Corp AS mendekati kebangkrutan. Indeks dolar, menguat ke 83.22 dari 83.02, setelah indeks VIX, ukuran volatilitas pasar yang dikenal Wall Street sebagai “Fear Gauge”, meningkat 5.6% pada 15 Mei menjadi 33.12, memperlihatkan trader menjadi sedikit optimis mengenai kenaikan pasar saham. Sebelumnya komentar negatif dari Kepala Federal Deposit Insurance Corporation Sheila Blair mengenai pergantian pemimpin di sejumlah bank-bank besar di AS. Meski sebelumnya data ekonomi AS tercatat lebih baik dari perkiraan, U Michigan sentiment rebound ke 67.9 di bulan Mei dari 65.1, NY Fed Index menguat ke -4.6, IP merosot 0.5% di bulan April, gagal memberikan tekanan kepada dolar. Pada pekan ini, investor akan mengamati data perumahan, FOMC, dan Fed Bernanke. Perkiraan range dolar index pekan ini : 82.50-84.00.

Euro melanjutkan penurunan terhadap dolar di sesi Asia hari ini, setelah pada akhir pekan lalu, rilisan data GDP Q1 Euro tercatat lebih buruk dari perkiraan -2.5% dan kemelut di dewan kebijakan ECB mengenai ketidakseragaman pemahaman mengenai kondisi ekonomi euro, dimana menunjukkan potensi penurunan suku bunga ECB dan ECB dapat meningkatkan pembelian obligasi Negara di awal bulan Juni, mendorong investor melakukan risk aversion. Komentar anggota Dewan kebijakan ECB Axel Webber bahwa optimism yang berlebihan mengenai stabilnya ekonomi global terlihat berlebihan, sehingga mendorong investor melakukan aksi profit-taking posisi long euro dolar. Penurunan saham dan komoditi global hari ini, merupakan bukti investor menghindari aset yang beresiko, terutama setelah General Motor Corp AS mulai mendekati kebangkrutan. Pada hari Jumat (15/05), Euro melaporkan data GDP Q1 2009 lebih buruk dari perkiraan pasar sebesar -2.0%, menjadi -2.5% Q/Q dan merosot 4.6% year-on-year. Euro sempat melemah 1.2% mendekati 1.3490 hari Jumat. Dimana prospek untuk pemullihan sepertinya masih masih menjadi fokus menjelang rilisan data ekonomi dan komentar pejabat keuangan dan bank sentral ECB dan The Fed pada pekan ini. Perkiraan range euro-dolar pekan ini: 1.3200-1.3650.

USD-JPY 52-weeks High 52-Weeks Low GBP-USD 52-weeks High 52-Weeks Low
94.93 101.45 (06/04) 87.15 (21/01) 1.5134 1.5372 (08/01) 1.3502 (23/01)

Yen mengalami penguatan terhadap euro dan dolar di sesi Asia hari ini, setelah sejumlah laporan mendorong investor menghindari resiko setelah pasar saham dan komoditi global jatuh sejak akhir pekan lalu. Meningkatnya kekhawatiran mengenai belum stabilnya pemulihan ekonomi global, setelah General Motor Corp AS diambang kebangkrutan yang akan berdampak negatif kepada sektor tenaga kerja di AS, laporan dari Kepala FDIC Sheila Blair bahwa akan adanya pergantian pimpinan di sejumlah bank besar di AS, memburuknya ekonomi Eropa di Q1 2009 dan meningkatnya indeks VIX, ukuran volatilitas pasar yang dikenal Wall Street sebagai “Fear Gauge”, meningkat 5.6% pada 15 Mei menjadi 33.12 pada hari Jumat, banyak berperan mendorong investor melakukan aksi profit-taking posisi short (Sell) yen. Yen menguat ke Y 94.57 di sesi Asia hari ini. Laporan dari CFTC pekan lalu menunjukkan jumlah net longs merosot menjadi 2,388 kontrak dari 6,518 kontrak di pekan sebelumnya, menunjukkan potensi penguatan yen terbatas pada pekan ini. Perhatian pasar pekan ini mengarah kepada komentar pejabat bank sentral ECB & The Fed, diikuti sejumlah data ekonomi.
Perkiraan range USDJPY pekan ini Y 93.00-97.00.

Pound sterling mengalami tekanan di sesi Asia hari ini terhadap dolar dan yen yang mendapatkan status safe haven dan investor yang menghindari asset beresiko setelah pasar saham global mengalami penurunan tajam dan harga komoditi terkoreksi dari level teringgi bulanan. Laporan tedensi General Motor Corp AS menuju kebangkrutan dan laporan Chairman Llyods Bank Inggris mengundurkan diri setelah bank diambil alih oleh pemerintah Inggris hari ini, mendorong investor melakukan risk aversion karena daya tarik untuk memegang pound terlihat meredup sejak akhir pekan lalu, setelah kekhawatiran investor meningkat akibat potensi pemulihan ekonomi global masih terhambat, ditunjukkan dari pertumbuhan ekonomi Inggris dan Euro memburuk di Q1 2009. Meski potensi penurunan pound terhadap euro dan pound terbatas pada pekan ini, setelah analis dari Millenium Asset Management AS hingga Mellon Capital Management Corp AS, memprediksikan pelemahan pound akan mendekati akhir, mendorong rekomendasi “screaming buy”. Perkiraan range GBP-USD pekan ini:$ 1.4900-1.5300.

USD-CHF 52-weeks High 52-Weeks Low AUD-USD 52-weeks High 52-Weeks Low
1.1256 1.1965 (12/03) 1.0617 (02/01) 0.7510 0.7713 (11/05) 0.6248 (02/02)

Swiss franc melanjutkan penurunan terhadap dolar di sesi Asia hari ini, setelah pada akhir pekan lalu, rilisan data GDP Q1 Euro tercatat lebih buruk dari perkiraan -2.5% dan peluang penurunan suku bunga ECB dan rencana peningkatan pembelian obligasi Negara oleh ECB di awal bulan Juni, menurunkan dya tarik untuk memegang Swiss franc dan mendorong investor melakukan risk aversion. Komentar anggota Dewan kebijakan ECB Axel Webber bahwa optimism yang berlebihan mengenai stabilnya ekonomi global terlihat berlebihan, sehingga mendorong investor melakukan aksi profit-taking posisi short (sell) dolar Swiss franc. Penurunan saham dan komoditi global hari ini, merupakan bukti investor menghindari aset yang beresiko, terutama setelah General Motor Corp AS mulai mendekati kebangkrutan. Investor akan mengamati sejumlah data ekonomi dan event dari AS, Eropa pekan ini. Perkiraan range pekan ini: $ 1.000-1.1400.

Dolar Australia (Aussie) dan dolar Selandia Baru (Kiwi) melemah untuk hari ke-2 terhadap dolar karena terpuruknya saham Asia, menurunkan permintaan mata uang yang memiliki suku bunga lebih tinggi karena investor juga melakukan risk aversion, di tengah ketidakpastian pemulihan ekonomi global. Kiwi melemah terhadap yen dan dolar setelah pemerintah melaporkan data harga produsen untuk komoditi dan jasa mengalami rekor penurunan di Q1 2009, yang membuka peluang penuruna suku bunga RBNZ di bulan mendatang. Aussie mengarah ke level terendah 2 pekan terhadap dolar di sesi Asia. Isu kebangkrutan GM Corp AS, meningkatnya kekhawatiran trader di CBOE dan resesi berkepanjangan di Eropa, masih membebani kinerja Aussie pekan ini. Data CFTC pekan lalu menunjukkan poten si penguatan aussie terhadap dolar pekan ini. Perkiraan range: $0.7200-0.7700.

Technical Analysis

(+30p; 15/05). EUR-USD menunjukkan signal bearish dari penurunan di bawah trendline support daily di 1.3495, candle long bearish dan pola head & shoulder, mendukung potensi penurunan dalam beberapa hari mendatang dan merubah trend jangka pendek dari bullish menjadi netral, karena euro masih bertahan diatas 1.3409 (38.2% fibonacci retracement) dan 1.3417 (200-day MA) yang seharusnya masih membatasi potensi penurunan pada hari ini karena indikator ADX terlihat lemah. Kondisi chart weekly ikut memberikan signal negatif dari pola candle dark cloud cover, meski masih diatas support line 1.3122. Sell di kisaran 1.3500/1.3550 target dibawah 1.3400 stop di 1.3590, buy break 1.3740 target 1.3850/1.4000 stop 60p, buy 1.3320 target 1.3450, stop dibawah 1.3270.

(+20p; 15/05) USDJPY masih menunjukkan pola bearish dari formasi downtrend channel dan signal negatif dari pola candle bearish engulfing di daily chart, didukung oleh oleh indikator ADX trend up, MACD downtrend dan stochastic crossing lower, seharusnya membatasi potensi rebound untuk target support line di 94.28 dan bahkan 91.53 (downtrend channel line) jika ditutup harian dibawah 94.28 hari ini.USDJPY dapat menetralkan tekanan bearish jika hari ini dapat ditutup diatas resistance line di 95.35. kondisi chart weekly juga tidak memberikan signal positif dari pola candle continuation bearish. Buy 94.30 target 95.30 reverse sell di bawah 94.00 target 93.75, buy break 95.40 target 96.5 stop 60p.

(+40p). GBP-USD menunjukkan konsolidasi karena masih berada dalam pola ascending triangle dalam uptrend channel, yang seharusnya masih membatasi potensi penurunan selama ditutup harian diatas 1.5153 (support line) hari ini. Jika ditembus (sustainable) akan mengarahkan GBPUSD ke support di 1.4983 (61.8 fibo retracement) dan 1.4715 (downtrendline support). Kegagalan ditutup diatas 1.5280an, menjadikan GBP-USD dalam chart 4 jam membentuk Head & shoulder, untuk target 1.4780. kondisi chart weekly ikut memberikan signal negatif dari pola candle evening star. Buy 1.5030 target 1.5270 stop 60p, Sell 1.5250 target 1.5050 stop diatas 1.5300. sell break 1.5100 target 1.5030 stop 60p.

(-60+60p). USDCHF masih berada dalam trend bearish (downtrend channel), karena masih berada di bawah trendline resistance di 1.1235, bilama ditutup di level tersebut akan mengarahkan USDCHF ke target 1.1465 (resistance line)/1.1562 (23.6% Fibo retracement). Meski potensi kenaikan masih terbuka berkat signal positif dari crossing di stochastic, MACD oversold dan ADX menunjukkan koreksi penurunan, long bullish candle di daily chart. Sementara support berada di 1.0992. Buy 1.1160 target 1.1385 stop 60p, Sell 1.1350 target 1.270 (closing) stop 50p, buy 1.1010 target 1.1380 stop 60p.

www.strategydsk.co.id
www.harumdanaberjangka.co.id

Potensi Koreksi Minor IHSG Masih Berlanjut

Market Review
Aksi panik penjualan di saham grup Bakrie dan macetnya order saham BNBR di JATS, memicu IHSG terkoreksi tajam hari Jumat (15/05). Aksi profit taking (buy on rumor, sell on the news) paska rilisan data GDP Q1 RI sesuai dengan perkiraan pemerintah (1.6% /, 4.4% Y/Y), diikuti memanasnya situasi politik menjelang pilpres 8 Juli setelah pengumuman secara resmi capres dan cawapres SBY-Boediono dan Megawati-Prabowo, menyebabkan investor melakukan aksi profit-taking saham lokal. Mayoritas kenaikan saham grup Bakrie di pekan lalu, gagal menopang kinerja IHSG pekan lalu, dimana IHSG melemah 101 poin (-5.9%) yang sempat mencapai level tertinggi 1,891 pekan lalu. IHSG anjlok 34.089 poin (-1.91%), ditutup di 1,750.914, total nilai transaksi Rp 6.92 triliun.

Indeks saham MSCI Asia-Pacific mayoritas menguat hari Jumat (15/05), meski terkoreksi di pekan lalu, karena investor menjual saham yang valuasinya terlihat termahal dalam 5 tahun terakhir di tengah kekhawatiran ekonomi dan keuntungan korporat akan lebih lama pulih ketimbang perkiraan pasar.

IHSG Outlook
Imbas negatif dari tekanan penjualan saham grup Bakrie di akhir pekan lalu dan penurunan harga komoditi (harga minyak tertahan di bawah 23.6% Fibonacci di $60.08), di tengah memanasnya situasi politik menjelang pilpres 8 Juli dan potensi pelemahan rupiah terhadap dolar (ditutup di Rp 10,360/dolar; 15/05) berkat dolar AS menjadi mata uang safe haven setelah ekonomi Eropa terkontraksi lebih tinggi dari perkiraan pasar, dapat membebani kinerja IHSG pada pekan ini. Seperti diperkirakan pekan lalu, euphoria rally saham grup Bakrie tidak dapat diandalkan menopang kinerja IHSG, karena kenaikan IHSG karena kuatnya inflow ke saham grup Bakrie (berkat akumulasi manager investasi asing, restrukturisasi hutang) dan saham lapis kedua, di tengah mahalnya valuasi saham unggulan lainnya. Peluang kenaikan IHSG masih terbuka, jika harga komoditi dan indeks saham regional melanjutkan uptrend pekan ini. Top pick pekan ini : (collect di 20-35 day MA) saham Bakrie, UNVR, INKP, HEXA, TRUB, BRPT, komoditi (INCO, PTBA, ITMG, ANTM, TINS).

Stock Picks:
* BNGA
* LPKR

Global Outlook
Indeks saham DJIA dan S&P 500 masing–masing terkoreksi 3.6% dan 5% pekan lalu, lebih buruk dari kinerja saham MSCI Asia Pacific yang melemah 0.7% (menguat 9.5% - 2 pekan terakhir) di pekan lalu, berkat harapan pemulihan global meredup setelah data Retail Sales AS, GDP Q1 2009 Euro, Wholesale Price Jepang, Ekspor dan Produksi Industri China tercatat lebh rendah dari perkiraan pasar. Sementara pekan ini, data ekonomi & event global (FOMC Minutes, BOE MPC Minutes, Housing AS, PMI Euro, Treasury Geithner, Fed Bernanke) dan prediksi ekonomi dari The Fed akan membebani kinerja indeks saham AS dan regional Asia.

Technical Analysis:
Dalam chart weekly, IHSG terlihat berada dalam uptrend channel mendukung trend bullish jangka pendek, setelah pekan lalu tertahan dibawah downtrend channel line 4 di 1,891 dan juga tertahan tepat di lower downtrend channel & 5-weekly MA di 1,708, merupakan koreksi minor dalam diagonal triangle (daily chart), selama tidak ditutup dibawah 1.733 (downtrend channel line 4)/1,709 (5-weekly MA), trend bullish jangka pendek masih valid, tidak gagal dapat mengarahkan IHSG ke target 1,606 (support line 3)/1,566 (10-weekly MA). Potensi kenaikan ke target 1-bulan UBI di 1,750 dan 3-bulan UBI di 1,950 (uptrend channel & 50% fibonacci retracement) masih tetap terbuka, berkat indikator ADX trending up, MACD uptrend, meski candle dark cloud cover & vol higher dapat membatasi potensi kenaikan pekan ini. Elliot wave menunjukkan, koreksi wave c dalam siklus wave primary B selama di bawah 2,160 (61.8% Fibonacci retracement).
Resistance: 1900.38/1863.02/1825.65/1821.34. PP 1817.02
Support : 1737.98/1691.98/1650.30/1608.62
(Perkiraan Range Pekan Ini 1,650-1,850)

Indeks Regional Masih Berkonsolidasi Pekan Ini

SSIM9 Buy Target Stop Loss Sell Target Stop Loss S3 S2 S1 R1 R2 R3
9200 9020 9300 8920 9375 9140 9475 9000 9065 9145 9290 9355 9435
Commentary

Secara teknikal, SSIM9 berada dalam pola uptrend channel dalam formasi ascending triangle menunjukkan pola continuation bullish, menunjukkan signal positif dari candle doji star dan harga berada di atas 61.8 Fibo retracement di 9125 dan indeks masih berada di atas trendline support 8708, seharusnya membatasi potensi penurunan. Indikator teknikal ADX terkoreksi menurun, stochastic dead cross & MACD bullish, seharusnya masih mendukung perkiraan konsolidasi, karena volume menunjukkan penurunan disaat indeks menurun menunjukkan laju rebound terlihat lemah, meski trend jangka pendek masih bulish selama berada diatas 8,867 (trendine) target 9,605. Potensi penurunan terbatas di support line 20-day MA & 35-day MA di 8972/8836 di daily chart. Perkiraan range hari ini: 9000-9400.

Rekomendasi : Buy break 9285 target 9410, stop 100p, sell break 9,120 target 9000 stop 100p, buy 8890 target 9400 stop 100p

KSM9 Buy Target Stop Loss Sell Target Stop Loss S3 S2 S1 R1 R2 R3
178.45 177.3 179.7 176.3 180.5 178.1 181.5 175.5 176.4 177.4 179.3 180.2 181.2
Commentary

Secara teknikal, KSM9 masih berada dalam kondisi uptrend, karena indeks berada dalam ascending triangle, meski gagal ditutup diatas trendline 178.91 (23.6% Fibo retracement) yang menunjukkan signal negatif, meski pola candle bullish harami, seharusnya membatasi potensi kenaikan hari ini, meski potensi penurunanpun terbatas karena kondisi teknikal stochastic dead cross, MACD bullish dan ADX terkoreksi turun, seharusnya masih mendukung range trading dalam beberapa hari mendatang. Trend dapat berbalik bearish jika indeks ditutup dibawah 177.20 (trendline support) untuk target 173.40 (downtrend line), menggagalkan skenario bullish di bulan ini untuk target 186.85 (161.8 FE). Perkiraan range hari ini: 176-180.00

Rekomendasi : Buy break 179.30 target 182.00 stop 100p (buy break 182.20 target 184.40), stop 100p, sell break 176.30 target 174.00 stop 100p, buy 176.50 target 179.70 stop 100p. (+70p)

HSIK9 Buy Target Stop Loss Sell Target Stop Loss S3 S2 S1 R1 R2 R3
16705 16406 16719 16306 16875 16563 16985 16263 16432 16431 16599 16768 16767

Commentary

Secara teknikal, HSIK9 masih berada dalam trend bullish, karena indeks berada dalam formasi ascending triangle dalam uptrend channel, meski potensi penurunan dapat terjadi hari ini, berkat pola shooting star hari Jumat (15/05), seharusnya membatasi potensi kenaikan hari ini, menunjukkan pola konsolidasi dalam pola MACD yang overbought, stochastic dead cross, AD yang terkoreksi turun yang mendukung perkiraan penurunan indeks terlihat lemah. Indeks selama ditutup dibawah resistance line di uptrend channel di 17,520, potensi kenaikan terbatas, target 16,330 (20-day MA) dan 200-day MA di 16,050 merupakan support long term. Potensi koreksi minor dapat terjadi jika indeks menembus support 16,520, untuk target 16,200 (61.8 FE). Perkiraan range hari ini : 16450-16950. Rekomendasi : Buy 16,365 target 16,900 (or closing) stop 100 p. sell break 16,310 target 16100, stop 100 poin. Sell 16,980 & reverse Buy 17010 target 17270 stop 100p.

Week Ahead: Stocks Could Be in for Choppy Seas

Domm
Executive Editor

Expect choppy seas for stocks in the coming week.For the most part, traders say the market should bump along with a downward bias while it establishes a new trading range. The lack of economic news and earnings reports in the coming week leaves a news vacuum, and the market will be looking for catalysts.Minutes from the last Fed meeting, and the Fed's economic forecast are released Wednesday. Treasury Secretary Tim Geithner testifies Wednesday before Congress on the TARP, and there are a few economic reports, including housing starts and leading indicators. Dow components Home Depot and Hewlett-Packard are among the few companies reporting earnings in the week ahead.Stocks staged their worst weekly decline since March 6. The Dow was down 306 points, or 3.6 percent to 8268, and the S&P 500 fell 46 points, nearly 5 percent, to 882. The Nasdaq had its first down week in 10, losing 3.4 percent to 1680.

The dollar, meanwhile firmed at the end of the week, and Treasurys saw a gain for the week, as the Fed continued its bond purchases. The 10-year's yield, at 3.125 percent, was below the week-earlier high yield of just under 3.30 percent. "The push and pull on this market right now is amazing. You have one camp of people who are talking about increasingly positive economic data, and we're getting a lot of (stock) deals done in a short amount of time. There's a lot of positive elements out there. But the bearish argument is we were just up 37 percent and we're still not out of the woods," said Art Hogan of Jefferies. "There's a bit of common sense here to have a retracement. You want to pull back a little bit. The guys that led the parade are the financials, and they have a lot of new offerings coming out," said Hogan. Hogan noted that the recent $40 billion in secondary offerings, many issued by banks raising capital, is a record for the month of May.

Brown Brothers Harriman's Brian Rauscher turned bullish in early March and is still bullish now, but he admits he expects it to be only temporary. "We're still in the same bear market rally. Could we go down? Have we seen the low for the correction within the bear market rally? That's hard to say. The bigger point is I still think there's higher highs out there. We're recommending clients to still buy the dip," he said. "It's playing the course of a bear market rally. The gravy part of the rally I think is over. We will now go through the grind it up phase and it will go higher, and it's yet to be seen if it goes three more weeks or three more months.. I don't think we get much through (S&P) 1,000 which is the upper edge of our target," he said. Traders are watching several key levels on the S&Ps. The next level of support is in the 875 to 878 range. If that level fails, it could slip to the next level of 850 to 855. Many say the market may not be able to break above recent highs until there are real signs of economic improvement, not just "less" bad data.

The coming week's lack of news could pose problems for stocks. "Right now, the market needs reasons to go up, and every time we get something that's second derivative positive, the market acts better. A quiet calendar, in my personal view, makes it challenging for the market," Rauscher said. Those Fed minutes top the list of economic reports in the coming week. There is also housing starts data Tuesday, and the National Association of Home Builders survey, released Monday. The Philadelphia Fed survey is Thursday, as are leading indicators. Weekly jobless claims are also reported Thursday."I think you're going to see the Fed sound more optimistic. The Fed is going to follow the equity market like everybody else. It will be less doom and gloom than it was in March," said Joseph LaVorgna, chief U.S. economist at Deutsche Bank.

In terms of data this week, "the only thing we're looking for is a bounce in housing starts because they are extremely depressed, and then I would say just watch for the jobless claims numbers which are going to be around 640,000." he said.LaVorgna said the main focus for the Treasury market will be the stock market. "The equity market is pretty much driving everything. It's driving all of the sentiment indexes...It's helping keep spreads in as they've rallied a lot. Everything has been an equity trade," he said."There's a little bit of circularity here. The longer the equity market stays up 35 percent from its low, the more likely the economy does better, and it's more likely the equity market doesn't go back down," he said. The risk to the stock market is that the recovery will not be as robust as investors think it will be."Do you get a sharp cyclical type of recovery? Our view is that's not the case, but that's what the market is trying to figure out," he said.

The Risk Trade
In the past week, the dollar gained a percent against the euro [EUR-TN 1.3492 --- UNCH (0) ] but it lost 3.4 percent against the yen [JPY-TN 95.19 --- UNCH (0) ]. "The price action suggests the risk rally has ended, and we're likely to see further weakness in the risky assets, basically stocks and yen crosses. You could throw commodities in there too," said Brian Dolan, chief strategist at Forex.com.
Dolan expects the dollar to gain some traction in the week ahead but at the same time, other assets will move lower or sideways. "It's pretty quiet out there on the data front, and unfortunately basically the momentum has fallen out and there's not going to be a lot of new juice coming in," he said. Dolan said there are a few pieces of foreign data worth watching. A major German sentiment survey is released Tuesday, and Eurozone purchasing managers data is released Thursday.

Earnings Central
There are just a few companies reporting in the week ahead, as the earnings season winds down. A group of retailers report, starting with Lowe's Monday, then Home Depot [HD 24.40 -0.13 (-0.53%) ], TJX and Saks Tuesday. Target [TGT 40.37 -0.11 (-0.27%) ], B.J.'s Wholesale, PetSmart, Limited Brands and Ann Taylor are out Wednesday. Ross Stores, Gap, Gamestop and Aeropostale report Thursday. (Get more earnings updates below the quotes box.). There are a few others reporting as well. Hewlett-Packard [HP 29.72 -1.28 (-4.13%) ] reports Tuesday, as does Medtronic and Analog Devices. On Wednesday, Toll Brothers, Deere, Computer Sciences, Intuit and NetApp release results. Suntech Power reports Thursday, and Campbell Soup reports Friday. (See what else to watch below the quote box.)

Kalender Ekonomi & Event Global 18-22 Mei

Date WIB +11 jam Currency Forecast Previous
Sun
May 17 6:45pm
NZD PPI Input q/q -0.1% -2.2%
6:45pm
NZD PPI Output q/q 0.4% 1.4%
7:01pm GBP Rightmove HPI m/m 1.8%
Mon
May 18 1:00am JPY Household Confidence 32.1 28.9
5:00am EUR Buba President Weber Speaks
5:00am EUR Trade Balance -3.8B -4.0B
All Day CAD Bank Holiday
11:30am USD Treasury Sec Geithner Speaks
1:00pm USD NAHB Housing Market Index 16 14
6:10pm AUD RBA Gov Stevens Speaks
9:30pm AUD Monetary Policy Meeting Minutes
Tue
May 19 12:30am JPY Revised Industrial Production m/m 1.6% 1.6%
4:00am EUR Italian Trade Balance -1.12B -0.84B
4:30am GBP CPI y/y 2.4% 2.9%
4:30am GBP RPI y/y -1.2% -0.4%
4:30am GBP Core CPI y/y 1.7% 1.7%
5:00am EUR German ZEW Economic Sentiment 20.0 13.0
5:00am EUR ZEW Economic Sentiment 14.3 11.8
8:30am USD Building Permits 0.53M 0.52M

8:30am USD Housing Starts 0.52M 0.51M
12:00pm CAD Gov Council Member Murray Speaks
7:50pm JPY Prelim GDP q/q -4.2% -3.2%

7:50pm JPY Prelim GDP Price Index y/y 1.8% 0.7%

8:30pm AUD Westpac Consumer Sentiment 8.3%
9:30pm AUD Wage Price Index q/q 0.8% 1.2%
Wed
May 20 2:00am EUR German PPI m/m -0.2% -0.7%
4:30am GBP MPC Meeting Minutes 0-0-9 0-0-9
5:00am CHF ZEW Economic Expectations -27.7
6:00am GBP CBI Industrial Order Expectations -50 -57
7:00am CAD Core CPI m/m 0.1% 0.3%
7:00am CAD CPI m/m 0.2% 0.2%
8:30am CAD Leading Index m/m -0.9% -1.3%
9:30am USD Treasury Sec Geithner Speaks
10:30am USD Crude Oil Inventories -4.7M
2:00pm USD FOMC Meeting Minutes
6:45pm NZD Visitor Arrivals m/m -0.5%
7:50pm JPY Tertiary Industry Activity m/m -1.5% -0.8%
9:00pm AUD MI Inflation Expectations 2.4%
9:30pm AUD New Motor Vehicle Sales m/m -3.2%
9:30pm AUD RBA Monthly Bulletin
11:00pm NZD Credit Card Spending y/y -5.0%
Thu
May 21 All Day CHF Bank Holiday
All Day EUR French Bank Holiday
All Day EUR German Bank Holiday
3:00am EUR French Flash Manufacturing PMI 40.9 40.1

3:00am EUR French Flash Services PMI 46.7 46.5

3:30am EUR German Flash Manufacturing PMI 37.0 35.4

3:30am EUR German Flash Services PMI 44.3 43.8

4:00am EUR Flash Manufacturing PMI 37.9 36.8

4:00am EUR Flash Services PMI 44.3 43.8

4:30am GBP Retail Sales m/m 0.5% 0.3%
4:30am GBP Prelim Business Investment q/q -4.0% -1.5%

4:30am GBP Public Sector Net Borrowing 7.4B 19.1B
4:30am GBP Prelim M4 Money Supply m/m 0.5% 0.2%

8:30am CAD Foreign Securities Purchases 5.12B 6.11B
8:30am CAD Wholesale Sales m/m -0.8% -0.6%
8:30am USD Unemployment Claims 633K 637K
10:00am USD Philly Fed Manufacturing Index -19.2 -24.4
10:00am USD CB Leading Index m/m 0.7% -0.3%
10:30am CAD BOC Review
10:30am USD Natural Gas Storage 95B
4:55pm GBP MPC Member Bean Speaks
Tentative JPY Monetary Policy Statement
Tentative JPY Overnight Call Rate 0.10% 0.10%
Fri
May 22 Tentative JPY BOJ Press Conference
4:00am EUR Italian Retail Sales m/m -0.1% -0.7%
4:30am GBP Revised GDP q/q -1.9% -1.9%
4:30am GBP Index of Services 3m/3m -1.2% -1.2%
8:30am CAD Core Retail Sales m/m -0.2% 0.6%
8:30am CAD Retail Sales m/m 0.5% 0.2%
2:00pm USD Fed Chairman Bernanke Speaks
Sat
May 23 4:00pm USD FOMC Member Kohn Speaks