Investors Trading Academy2015.12.1---什麼是通貨緊縮？

Investors Trading Academy2015.12.1---什麼是通貨緊縮？
發佈日期：2015年12月1日
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Deflation”
Deflation is the reduction of prices of goods, and although deflation may seem like a good thing when you’re standing at the checkout counter, it’s not. Rather, deflation is an indication that economic conditions are deteriorating. Deflation is usually associated with significant unemployment, which is only corrected after wages drop considerably. Furthermore, businesses’ profits drop significantly during periods of deflation, making it more difficult to raise additional capital to expand and develop new technologies.
“Deflation” is often confused with “disinflation.” While deflation represents a decrease in the prices of goods and services throughout the economy, disinflation represents a situation where inflation increases at a slower rate. However, disinflation does not usually precede a period of deflation. In fact, deflation is a rare phenomenon that does not occur in the course of a normal economic cycle, and therefore, investors must recognize it as a sign that something is severely wrong with the state of the economy.
By Barry Norman, Investors Trading
Academy
欢迎来到财务条款和事件的投资者交易学院讲词汇。
我们当天的词是“通货紧缩”
通货紧缩是商品价格的降低，虽然通货紧缩可能看起来像当你站在收银台一件好事，它不是。相反，通货紧缩是一个迹象表明经济状况正在恶化。通缩通常是与显著的失业，这是只有修正后的工资大幅下降有关。此外，企业的利润在通缩时期显著下降，使之更难以筹集额外资金，以扩大和发展新技术。
“通缩”经常混淆与“通胀”。虽然通货紧缩代表整个经济的商品和服务的价格下降，通货紧缩表示的情况下通胀上升速度较慢。但是，通胀通常不会先于一段时间的通货紧缩。事实上，通货紧缩是不发生在一个正常的经济循环的过程，因此，投资者必须认识到它作为一个标志，什么是严重错误的经济状况罕见的现象。
巴里·诺曼，投资者交易学院

Investors Trading Academy2015.11.18---蝶式套利

Investors Trading Academy2015.11.18---蝶式套利
發佈日期：2015年11月18日
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Butterfly Spread”
A butterfly strategy involves four options with three strike prices. For a call strategy, an investor can buy one call at the lowest price, sell two calls at the middle strike price and buy one call at the highest strike price. A butterfly spread put strategy can be developed by buying one put at the highest price, selling two at the middle price and buying one put at the lowest price. Confused yet?
Because of the different positions, both risk and return are somewhat limited. What's not limited is the amount of commissions you'll pay your broker on eight options transactions, making butterfly spreads a strategy that should be avoided by most individual investors.
The butterfly spread is a neutral strategy that is a combination of a bull spread and a bear spread. It is a limited profit, limited risk options strategy. There are 3 striking prices involved in a butterfly spread and it can be constructed using calls or puts.
By Barry Norman, Investors Trading Academy - ITA
欢迎来到财务条款和事件的投资者交易学院讲词汇。 我们当天的词是“蝶式套利”
蝴蝶策略包括四个选项中有三个执行价格。对于呼叫策略，投资者可以在中间行使价以最低的价格买了一个电话，卖两个通话买一个呼叫最高行使价。 蝴蝶传播投入策略可以通过购买看跌的最高价，卖二的中间价格，买一个看跌期权以最低的价格来制定。 困惑了吗？
由于位置不同，风险和收益都比较有限。有什么理由不局限于是佣金，你将支付你的经纪人在八个期权交易，使得蝴蝶传播，应避免大多数个人投资者的策略的数量。
该蝶式套利是一种中性策略，是一个牛市套利和熊市套利组合。这是一个利润有限，风险有限的期权战略。有参与蝶式套利3惊人的价格，它可以使用电话或看跌期权构成。
巴里·诺曼，投资者交易学院 - ITA

Investors Trading Academy财经日历---2015.11.2~11.6

Investors Trading Academy财经日历---2015.11.2~11.6
發佈日期：2015年11月1日
Welcome to the Investors Trading Academy economic calendar of the week. Each week our news analysts review the upcoming economic events that you should be monitoring. As the new month begins traders are getting ready to book year end profits. Traders will be aggressively looking for action pushing volumes higher than usual before things slow down for the holiday season. With most central bank meetings behind and the next meeting not scheduled until December which will make economic data key to trading. A busy week lies ahead of us, both in economic and corporate terms.
PMIs from around the world, covering both manufacturing and services, will provide plenty of fuel for those assessing whether various parts of the global economy are going forward or backwards. While it is probably too early to see the impact of the recent Chinese rate cut in the China PMIs this week, but any signs of improvement here will allay concerns. The Federal Reserve kept rates unchanged, but the tweaks to the statement suggest that December is now fractionally more ‘live’ where possible rate increases are concerned than it was a week ago. However, data needs to pick up considerably before the market really begins to think more seriously about a move at the final meeting of the year. The week kicks off on Sunday in China when the National Bureau of Statistics releases the purchasing manager indexes for both manufacturing and the services sectors. The data is effectively ancient history following stimulus measures employed by the central bank.
On Monday, the private sector variant of China’s manufacturing purchasing manager’s index from Caixin will be issued. And on Wednesday Caixin will issue its services purchasing managers index. Eurozone manufacturing PMI will be release for individual countries as well as the overall Eurozone. Also the UK numbers will be release.
In the US, the week begins on Monday with the release of the ISM manufacturing index. Economists expect that the index eased from 50.2 to 49.7. Interesting the final reading of the competing Markit purchasing managers index for October is also issued and the preliminary reading was a lot higher than the ISM index at 54.0. On Tuesday the Reserve Bank meets to decide interest rate settings. And for the first time in six months, a decision to cut rates is being seriously entertained.
Wednesday will see the ADP private jobs data from the US a leading indicator for the Nonfarm payroll report. The release of the monthly US jobs report on Friday will be very closely watched; given it will be the second to last report before the Federal Reserve´s next policy meeting in December. 152K jobs are forecast to have been created, up from 142K last month, and while the unemployment rate is expected to tick up to 5.2% from 5.1%. Average hourly earnings are forecast to rise by 0.2% from 0% MoM.
Second in importance will be Thursday´s Bank of England monetary policy committee decision on rates, accompanied by the latest meeting minutes and Inflation Report.
Scattered throughout the week are the standard new month data releases including Eurozone retail sales, Australian employment numbers as well as Canadian jobs data.
By Barry Norman, Investors Trading Academy
欢迎来到本周的投资者交易学院经济日历。每个星期，我们的新闻分析检查，你应该监视即将公布的经济事件。随着新的月份开始交易员正准备预订年终利润。交易商将积极寻求采取行动推量比平时高出以前的事情慢下来的节日。随着于大多数央行会议，下次会议没有安排到十二月，这将使经济数据关键交易。忙碌的一周摆在我们面前，无论是在经济和企业方面。
来自世界各地，覆盖制造业和服务业采购经理人指数左右，将提供充足的燃料，这些评估全球经济的各个部分是否前进或后退。虽然它可能是太早了，看近期中国利率本周下调了中国采购经理人指数的影响，但任何好转的迹象，这里将消除顾虑。美联储宣布维持利率不变，但调整的声明表明，十二月现在分数更“活”在可能的加息担心比它是一个星期前。然而，数据需求回暖明显之前，市场真的开始想更认真思考的举动在今年的最后一次会议。 本周上周日揭幕的中国统计的时候，国家统计局公布的制造业和服务行业的采购经理指数。该数据是由中央银行采用有效的古代历史以下刺激措施。 周一，从财私营部门变种中国制造业采购经理人指数将发行。而在周三财新会发出它的服务业采购经理人指数。
欧元区制造业PMI将推出针对个别国家以及整个欧元区。也是英国数字将释放。
在美国，每个星期从周一的ISM制造业指数的发布。经济学家预计，该指数回落，从50.2到49.7。竞争Markit综合采购经理人指数为十月有趣的最终读数也发出，初步读数比ISM指数高出不少，在54.0。
周二储备银行开会决定利率的设置。而对于第一次在六个月，决定削减利率正在认真受理。
周三将看到的ADP民间就业数据来自美国的非农就业报告的先行指标。上周五美国月度就业报告的发布将会非常密切关注;鉴于这将是第二次在12月联邦Reserve's政策会议前的最后一次报告。 152K工作预计将被创建，从142K最后一个月，而失业率预计将打勾高达5.2％，5.1％。平均时薪预计0.2％，0％，环比上升。
其次的重要性将是英国央行Thursday's货币政策委员会决定利率，伴随着最新的会议纪要及通胀报告。
整个星期散是标准的新月份的数据公布，包括欧元区零售销售，澳大利亚的就业人数以及加拿大就业数据。
巴里·诺曼，投资者交易学院

Investors Trading Academy财经日历---2015.10.26~10.30

Investors Trading Academy财经日历---2015.10.26~10.30
發佈日期：2015年10月25日
Welcome to the Investors Trading Academy economic calendar of the week. Each week our news analysts review the upcoming economic events that you should be monitoring. Mario Draghi manipulated the markets like a master after the ECB held rates and policy as expected. Draghi’s comments sent the euro tumbling 200 points. On the heels of the ECB were surprising earning reports in the US. Traders were expecting a round of gloomy data, but reports have been pretty rosy. On Friday, an unexpected move from the People Bank of China sent equities and commodities rallying. This week’s Federal Reserve meeting could be anti-climactic. Expectations are low the Fed will provide any new policy insight in the coming week, and focus should stay on economic reports and a flood of earnings, from Apple, big oil, drug makers and others. In fact, strategists say more clarity on what the Fed might do should come from the employment report the following week. Market expectations put a less than 5 percent chance on the Fed raising rates at its two-day October meeting, and the odds are not even that high for the Fed's December meeting.
The ECB President signaled that more QE and lower deposit rates could come as soon as December, sending EUR lower across the board.
Fed inaction has put the Bank of Japan in a tough spot. BOJ Governor Haruhiko Kuroda is expected to announce an increase to the bond buying program to boost growth as the latest inflation data has disappointed. On Thursday Investors’ attention will turn to the October BoJ meeting where economists expect another round of easing. If confirmed, model simulations have shown that more QE should lift USD/JPY by more than 4%.
US data dominates the economic calendar in the coming week with the highlight being the Federal Reserve meeting on Wednesday. And the week kicks off on Monday with data on new home sales while the Dallas Federal Reserve manufacturing survey is released.
On Tuesday, the Case Shiller measure of home prices will be released with a gauge of consumer confidence and figures on orders of durable (or long-lasting) goods with the latter also serving as a proxy for business investment. Also surveys are released by the Richmond and Dallas Federal Reserve districts. On Thursday the first estimates of economic growth are expected for the September quarter with economists tipping annualized growth rate of 1.7 per cent -- a result that gives the Fed more ammunition to justify the low rate environment.
Also on Thursday is the release of weekly data on claims for unemployment insurance and pending home sales. And on Friday, data on personal income and spending is issued with the final reading of the consumer sentiment index for October from the University of Michigan.
By Barry Norman, Investors Trading Academy
欢迎来到本周的投资者交易学院经济日历。每个星期，我们的新闻分析检查，你应该监视即将公布的经济事件。德拉吉操纵的市场，如欧洲央行举行利率后，一个主站和政策预期。德拉吉的言论发出的欧元暴跌200点。欧洲央行的高跟鞋是在美国惊人的收益报告。交易商普遍预计一轮悲观的数据，但报告一直很乐观。上周五，来自中国的人民银行的意外举动发出股票和大宗商品凝聚力。本周的美联储会议可能是反高潮。期望不高，美联储将提供未来一周的任何新的政策见解，并重点应保持经济报告和洪水的收益，从苹果，大油田，制药商和其他人。
事实上，战略家说什么，美联储可能会做下一周应该来自就业报告更加清晰。市场预期提上了美联储加息不到5％的机会，在为期两天的10月的会议，其胜算都没有，甚至高美联储的12月会议。
欧洲央行行长暗示，更多的量化宽松政策，并降低存款利率，最早可能在12月，派出欧元全线走低。
美联储不采取行动已经把日本央行在一个艰难的地方。日本央行行长黑田东彦预计将宣布增加对债券购买计划，以刺激经济增长作为最新的通胀数据令人失望。上周四，投资者的注意力将转向10月份的日本央行会议，会上经济学家们预计，新一轮的宽松政策。如果得到证实，模型模拟表明，量化宽松政策更应该解除，美元/日元超过4％。
美国数据主导的经济数据在未来一周的重头戏是美联储会议周三。而周一当周揭开序幕新屋销售数据，而达拉斯联储制造业调查被释放。 周二，案例希勒衡量房价将公布消费者信心和数据对持久（或长期）的商品订单，后者也作为商业投资代理的标尺。此外调查，公布的里奇蒙德和达拉斯联邦储备区。
周四的经济增长的初步估计，预计9月季度的经济学家倾翻的1.7％的年增长率 - 因此，赋予美联储更多的弹药来证明低利率环境。 同样在周四的周度数据对失业保险和成屋待完成销售索赔的释放。上周五，在个人收入和支出数据和消费者信心指数的最终读数为10月密歇根大学发出。
巴里·诺曼，投资者交易学院

Investors Trading Academy财经日历---2015.10.19~10.23

Investors Trading Academy财经日历---2015.10.19~10.23
發佈日期：2015年10月18日
Welcome to the Investors Trading Academy economic calendar of the week. Each week our news analysts review the upcoming economic events that you should be monitoring. Although earning season had some good news last week, most of the reports were lackluster with Wal-Mart warnings shaking up the markets. This week is not expected to be much better. Most of the major US banks reported their quarterly numbers, and falling income for the trading desks was a common theme. This week will see industrial and commodity-focused companies report their numbers. There are around 30 companies to report earnings on Monday. Among those to report are Morgan Stanley and IBM. On Tuesday, almost 60 companies are to issue earnings including Lockheed Martin, Verizon and Yahoo!.
Poor inflation data from Western countries will delay interest rises in the US and the UK, and Canada and the ECB could be on the way to additional loosening of its monetary policies. This week’s big economic event will be the ECB meeting on Thursday. With growing speculation that the ECB will expand or extend its stimulus measures, that correlation could reemerge where risk assets will perform quite strongly and fixed income can perform strongly as well.
The central bank, which started its 1.1 trillion-euro asset-purchase plan in March, has an inflation goal of just below 2 percent. Analysts say that the ECB is widely expected to announce an extension of its stimulus plan beyond the intended completion date of September 2016.
There is plenty to watch in China and the United States over the coming week. The week kicks off on Monday in China when a raft of indicators is released. Most interest will be in the economic growth figures for the September quarter. Growth is tipped to have eased from the 7 per cent annualized rate recorded in the June quarter. However, on the same day, data on investment, production and retail sales are expected for the September month. While production growth has softened to a 6 per cent annualized rate, retail spending is growing at a 10.4 per cent annualized rate in inflation-adjusted terms.
It takes a while for this to sink in: the second largest economy on the planet is recording 10 per cent annual growth in real consumer spending.
On Friday so-called 'flash' or preliminary readings on manufacturing activity are expected in the US, Europe, China and Japan. While the value of producing an extra indicator can be questioned, the final reading is released around a week later- some analysts continue to follow the data.
By Barry Norman, Investors Trading Academy
欢迎来到本周的投资者交易学院经济日历。每个星期，我们的新闻分析检查，你应该监视即将公布的经济事件。虽然赢得赛季有一些好消息，上周多数报告都乏善可陈与沃尔玛警告晃动起来的市场。本周预计不会要好得多。大多数主要的美国银行报告其季度数字和收入下降的交易部门是一个共同的主题。本周将看到工业和商品为中心的公司报告他们的数量。大约有30家公司发布财报周一。在那些以报告的摩根士丹利和IBM。周二，近60家企业的发行市盈率，包括洛克希德·马丁公司，Verizon和雅虎。
从西方国家的穷人通胀数据将推迟在美国和英国，加拿大和欧洲央行的利率上升可能会在途中的货币政策，更多的松动。 本周重大经济事件将是欧洲央行会议周四。随着越来越多的猜测，欧洲央行将扩大或延长其刺激措施，这可能关系重新出现，其中风险资产很有表现强劲和固定收益可以表现强劲，以及。
央行，开始其1.1万亿欧元的资产购买计划在三月份，有略低于2％的通胀目标。分析师表示，欧洲央行普遍预期宣布其经济刺激计划超越2016年九月预期完成日期延期。
有很多在中国和美国看在未来一周。本周周一揭开序幕的中国，当指标木筏被释放。最感兴趣的将是在9月季度的经济增长数据。增长是倾斜已经从记录在6月季度的7％的年率放缓。 然而，在同一天，在投资，生产和零售数据预计为9月一个月。虽然产量增长有所软化，以6％的年率，零售消费的增长速度按年率计算率为10.4通货膨胀调整。
这需要一段时间，这个下沉：在这个星球上第二大经济体正在录制10％的年度增长实际消费支出。 上周五所谓的“闪光”或制造业活动初步读数有望在美国，欧洲，中国和日本。虽然产生额外的指标值可以质疑，最终读数各地上映一周later-一些分析师继续跟踪数据。
巴里·诺曼，投资者交易学院

Investors Trading Academy财经日历---2015.10.12~10.16

Investors Trading Academy财经日历---2015.10.12~10.16
發佈日期：2015年10月11日
Welcome to the Investors Trading Academy economic calendar of the week. Each week our news analysts review the upcoming economic events that you should be monitoring. After a light week for data the economics calendar heats up and we have a week with both plenty of economic data and corporate news too, plus a hefty array of central bank speeches on Monday. Markets have recovered strongly in the first full week of the final quarter, helped along by central banks that continue to point towards the idea that data will hold them back from tightening policy any time soon. The US earnings season has begun – that is, the time when US listed companies release their latest revenue and profit figures. And yet again analysts are telling investors to brace for weakness. For the first time in five years, S&P 500 companies are expected to report lower earnings than the previous year with estimates centered on a decline of around 5 per cent.
Among those companies reporting on Monday is Infosys, while on Tuesday, Johnson & Johnson, CSX and Intel issue profit results. On Wednesday, Bank of America, Blackrock, Wells Fargo, and Netflix issue earnings results. China numbers, including trade figures and the CPI number, will weigh heavily on mining shares around the globe, while UK data will be key to supporting any continuation in the recent sterling bounce. Inflation data in the UK, China and the US will be in the spotlight this coming week. The consumer price index in the UK, released on Tuesday, is expected to pick up in September to 0.1% year-on-year following a drop to 0% in August.
The Bank of England, which is targeting 2% inflation, said the outlook for CPI in coming months looked weaker than it previously thought, according to the meeting minutes of its 8 September policy meeting. The central bank, which is taking inflation into close consideration in determining the timing of an interest rate hike, said CPI was unlikely to reach 1% until the spring of 2016.
The UK's jobs report on Wednesday will therefore be under the microscope with analysts predicting the headline ILO unemployment rate fell to 5.4% in the three months to September from a prior 5.5%. Average weekly earnings are forecast to grow 3.1% during the period, compared to 2.9% in the previous quarter when it reached a six-year high. On Thursday, the US headline CPI is estimated to fall 0.1% year-on-year in September and 0.2% month-on-month, amid falling oil prices. Core inflation, which excludes volatile items such as fuel and food, is estimated to have risen 0.16% month-on-month September, compared to the previous month's 0.07% increase. Year-on-year it is projected to have held at a1.8% gain.
Rounding out the week Friday in the US, industrial production data is scheduled together with the consumer sentiment survey, the JOLTS job openings survey and data on longer-term capital slows. Economists estimate that production lifted by 0.2 per cent in September after falling 0.4 per cent in the previous month.
By Barry Norman, Investors Trading Academy
欢迎来到本周的投资者交易学院经济日历。每个星期，我们的新闻分析检查，你应该监视即将公布的经济事件。光周的数据后，经济日历升温和我们一个星期有很多既经济数据和企业消息太多，再加上央行的讲话在周一大幅阵列。市场在最后一个季度的第一个完整周强劲复苏，以及各国央行的继续指向的想法，数据将追究他们的任何时间很快收紧政策回归帮助。
美国财报季已经开始 - 也就是当时美国上市公司发布了他们最新的收入和利润数字。然而，再次分析师告诉投资者振奋的弱点。第一次在五年内，标准普尔500家公司预计报告收入较低，比上年同集中在了5％左右的下降预期。
在这些公司在周一的报告是Infosys公司，而在周二，强生公司，CSX和英特尔问题的利润结果。上周三，美国黑石，富国银行，和Netflix发布财报结果。
中国的数字，其中包括贸易数据和CPI数据，将严重使世界各地的矿业股，而英国数据将是关键，以支持任何延续近期英镑反弹。在英国，中国和美国通胀数据在接下来的一周将是在聚光灯下。英国的消费者物价指数，周二公布，预计将回升至九月0.1％，比去年同期下下降为0％，8月。 英国央行，它的目标是2％的通胀率表示，对于CPI在未来几个月的前景看起来比以前认为的更弱，根据其9月8日政策会议的会议纪要。央行，这是考虑到通货膨胀仔细考虑在决定加息的时机，说CPI不太可能达到1％到2016年的春天。
因此将在显微镜下对英国的就业周三报告，分析师预测的标题ILO失业率从之前的5.5％下降至三个月〜9月的5.4％。平均周薪预计在此期间增长3.1％，较上一季度的2.9％，当它达到了六年高点。
上周四，美国消费者价格指数预计比上一年下降0.1％，在九月和0.2％，当月与上月，在一片下跌的油价。核心通胀率，剔除波动较大的项目，如燃料和食品，估计本月与上一个月上升0.16％九月相比前一个月的0.07％增长。年同期则预计举行的A1.8％的涨幅。
完善这个星期周五在美国，工业生产数据与消费者信心指数定在一起，对长期资本的颠簸职位空缺调查和数据速度放缓。经济学家估计，产量0.2％，九月份解禁％的前一个月下降0.4之后。
巴里·诺曼，投资者交易学院

Investors Trading Academy---Return On Investment投资回报率

Investors Trading Academy---Return On Investment投资回报率
發佈日期：2015年10月7日
Welcome to the Investors Trading Academy talking glossary of financial terms and events.
Our word of the day is “Return On Investment”
Return on investment is known as ROI. This term means different things to different people often depending on perspective and what is actually being judged so it's important to clarify understanding if interpretation has serious implications.
Many business managers and owners use the term in a general sense as a means of assessing the merit of an investment or business decision. 'Return' generally means profit before tax, but clarify this with the person using the term - profit depends on various circumstances, not least the accounting conventions used in the business. In this sense most CEO's and business owners regard ROI as the ultimate measure of any business or any business proposition, after all it's what most business is aimed at producing - maximum return on investment, otherwise you might as well put your money in a bank savings account.
In simple terms this is the profit made from an investment. The 'investment' could be the value of a whole business in which case the value is generally regarded as the company's total assets minus intangible assets, such as debt. or the investment could relate to a part of a business, a new product, a new factory, a new piece of plant, or any activity or asset with a cost attached to it. The main point is that the term seeks to define the profit made from a business investment or business decision. Bear in mind that costs and profits can be ongoing and accumulating for several years, which needs to be taken into account when arriving at the correct figures.
By Barry Norman, Investors Trading Academy
欢迎来到财务条款和事件的投资者交易学院讲词汇。
我们当天的词是“投资回报率”
投资回报被称为投资回报率。这个词意味着不同的事情，不同的人往往取决于视角，究竟是怎样的评判，因此，澄清认识，如果诠释了严重的影响是非常重要的。
很多企业管理者和所有者使用这个词在一般意义上作为评估投资或经营决策的优点的一种手段。 “返回”一般是指除税前溢利，但随着使用期限的人澄清这一点 - 利润取决于各种情况，尤其是在商业中使用的会计惯例。在这个意义上大多数CEO和企业主认为ROI任何企业的最终措施或任何商业命题，毕竟这是大多数企业的目的是生产 - 最大的投资回报，否则你还不如把钱存在银行储蓄帐户。
简单来说，这是从投资获得的利润。在“投资”可能是一个整体的企业在这种情况下，该值通常被视为该公司的总资产减去无形资产，如债务的价值。或投资可能涉及到一个业务，新产品，新的工厂，一块新的植物，或任何活动或资产与连接到它的成本的一部分。 主要的一点是，该术语旨在定义从一个企业投资或经营决策作出的利润。请记住，成本和利润可以持续的，并积累了好几年，它需要到达正确的数字时，必须考虑到。
巴里·诺曼，投资者交易学院

Investors Trading Academy---P/E Ratio市盈率

Investors Trading Academy---P/E Ratio市盈率
發佈日期：2015年10月6日
Welcome to the Investors Trading Ac
demy talking glossary of financial terms and events. Our word of the day is “P/E Ratio”
The P/E ratio is an important indicator as to how the investing market views the health, performance, prospects and investment risk of a public company listed on a stock exchange (a listed company. The P/E ratio is also a highly complex concept - it's a guide to use alongside other indicators, not an absolute measure to rely on by itself. The P/E ratio is arrived at by dividing the stock or share price by the earnings per share (profit after tax and interest divided by the number of ordinary shares in issue). As earnings per share are a yearly total, the P/E ratio is also an expression of how many years it will take for earnings to cover the stock price investment. P/E ratios are best viewed over time so that they can be seen as a trend. A steadily increasing P/E ratio is seen by the investors as increasingly speculative because it takes longer for earnings to cover the stock price. Obviously whenever the stock price changes, so does the P/E ratio. More meaningful P/E analysis is conducted by looking at earnings over a period of several years. P/E ratios should also be compared over time, with other company's P/E ratios in the same market sector, and with the market as a whole.
To calculate the P/E ratio:
1. Establish total profit after tax and interest for the past year.
2. Divide this by the number of shares issued.
3. This gives you the earnings per share.
4. Divide the price of the stock or share by the earnings per share.
5. This gives the Price/Earnings or P/E ratio.

By Barry Norman, Investors Trading Academy
欢迎来到财务条款和事件的投资者交易学院讲词汇。
我们当天的词是“P / E比率”
在P / E比率是一个重要的指标，因为对投资市场如何看待在证券交易所上市的公司的状况，性能，发展前景和投资风险（上市公司。 在P / E比也非常复杂概念 - 这是一个导向以使用与其他的指标，而不是绝对的措施，以通过自身依靠。在P / E比率是由每股盈利（利润税及利息由普通股的发行数除以之后）股票或股票价格除以到达。每股收益是每年总的P / E比率也是它多少年采取收入，以支付股票价格的投资的表现。 的P / E比例是最好随时间观察，以便它们可以被看作是一种趋势。稳步增加的P / E比率由投资者越来越投机，因为它需要更长的时间收益来覆盖股价见过。显然，只要股票价格的变化，所以没有P / E比率。更有意义的P / E分析是通过查看收入超过数年时间进行。 P / E比率也应该比较随着时间的推移，在同一市场领域的其他公司的P / E比率，以及与市场整体。
为了计算P / E比率：
1.税及利息在过去的一年后，建立总利润。
2.发行股份数除以本。
3.这给你的每股收益。
4.每股收益除以股票或股票的价格。
5.这给价格/收益或P / E比率。

Investors Trading Academy---Asset Allocation资产配置

Investors Trading Academy---Asset Allocation资产配置
發佈日期：2015年9月28日
Welcome to the Investors Trading Academy talking glossary of financial terms and events.
Our word of the day is “Asset Allocation”
In the most basic sense, asset allocation is simply how one's assets are divided among different asset classes, such as cash, stocks, bonds, real estate, and so on -- even insurance investments, commodities, collectibles, and other categories count.
But the term also refers to an investment strategy -- one that can reduce risk through diversification. Clearly, having all your money in any one asset class can be risky. In 2008, the S&P 500 plunged 37 percent. If you'd held all your assets in an S&P 500 index fund, your net worth would have taken a big hit that year.
Simply put, strategic asset allocation involves taking your money and dividing it up into several pieces, which you then allocate across different types of assets. Once you've decided on how much of your money will go into each broad asset category, you then drill down and choose individual investments that fit into those categories. The first step requires two decisions. First, you need to decide what sorts of assets you want to include in your portfolio. Traditionally, asset allocation strategies usually stuck with three major asset classes: stocks, bonds, and cash. But recently, the availability of alternative investment classes like real estate, commodities, and specialized investments in private equity and hedge funds led to many investors broadening their asset allocations to include more complex combinations of assets.
After you decide which assets to include, you must then choose how much of your money to allocate to each asset class.
By Barry Norman, Investors Trading Academy
欢迎来到财务条款和事件的投资者交易学院讲词汇。
我们当天的词是“资产配置”
从最基本的意义上，资产配置仅仅是一个人的资产是如何不同的资产类别，如现金，股票，债券，房地产等瓜分 - 甚至是保险的投资，大宗商品，收藏品等大类统计。
但是，这个词也指的是投资策略 - 一个可以通过多样化降低风险。
显然，有任何一类资产所有的钱，是有风险的。在2008年，标准普尔500指数下跌37％。如果您想在标普500指数基金持有所有资产，你的净资产将采取一个巨大的成功的一年。
简单地说，战略资产配置涉及到把你的钱，并将其分割成几个部分，通过它来跨越不同类型的资产分配。一旦你决定多少你的钱将进入每一个广泛的资产类别，你再深入并选择适合到这些类别的个人投资。
第一步需要两个决定。首先，你需要决定你想要什么类型的资产在你的投资组合包括。传统上，资产配置策略通常坚持与三大资产类别：股票，债券和现金。但最近，另类投资类，如房地产，大宗商品，并在私募股权和对冲基金的专业投资的可用性导致许多投资者扩大其资产配置，包括资产的更复杂的组合。
当你决定要包括哪些资产，则必须选择多少你的钱分配给各资产类别。
巴里·诺曼，投资者交易学院

Investors Trading Academy财经日历---2015.9.28~10.2

Investors Trading Academy财经日历---2015.9.28~10.2
發佈日期：2015年9月27日
Welcome to the Investors Trading Academy economic calendar of the week. Each week our news analysts review the upcoming economic events that you should be monitoring. Last week continued to focus on central banks with Mario Draghi and Janet Yellen on the calendar. This week traders will once again focus on economic data as one month ends and the new month begins leaving the calendar full of events. This week will culminate with the US nonfarm payroll report. In China, the official purchasing managers’ index for manufacturing is released on Thursday alongside the services variant. The Caixin purchasing managers’ index is also slated for release on the same day. Traders are hoping to see an improvement in the Chinese economic situation.
Monday will be a busy day with the Mr. Putin’s speech to the UN the top event. When Russian President Vladimir Putin finally takes the UN stage on September 28, he won't need to take off his shoe and bang the podium with it like a Soviet predecessor, Nikita Khrushchev, reportedly did 55 years ago. Putin's address to the United Nations General Assembly, his first in a decade, comes as the Kremlin bangs its proverbial shoe on the world stage with growing frequency and volume. From Syria to Ukraine to the Arctic, Moscow has reset the agenda and kept Western states -- and perhaps the United States, first and foremost -- off balance and playing catch-up. There are several speakers from the Federal Reserve scheduled on Monday and once again a speech in St. Louis by Janet Yellen on Thursday. First up on Monday will be William Dudley, president of the New York Federal Reserve will give an interview for the Wall Street Journal and talk about the rate hike issue and about inflation expectations. In his former talks, Dudley spoke against a rate rise in September amid international and financial market developments, but noted he hopes the Fed will still raise rates this year.
Fed Chair Janet Yellen said the U.S. central bank is still prepared to raise interest rates this year for the first time in nearly a decade. Yellen said that recent inflationary weakness is temporary, caused by a strong dollar and low oil prices, which are likely to pass. She said U.S. economic prospects appear solid suggesting a rate hike is near. Market volatility is expected.
The week of September 28 to October 2 will bring three major US employment releases. The ADP private payroll report will be published on Wednesday, the weekly unemployment claims will be released on Thursday, and finally, the biggest event of the week will be on Friday when the Bureau of Labor Statistics releases the September non-farm payrolls report, or NFP. The USD strength has waned as economic data posts positive numbers, yet the Federal Reserve has failed to commit to a clear rate hiking schedule sowing uncertainty and triggering volatility. The NFP is expected to announce 200,000 new jobs, but at this point it remains to be seen if that is enough for the Fed.
By Barry Norman, Investors Trading Academy
欢迎来到本周的投资者交易学院经济日历。每个星期，我们的新闻分析检查，你应该监视即将公布的经济事件。上周继续把重点放在央行与德拉吉和珍妮特·耶伦在日历上。本周投资者将再次关注的经济数据在一个月结束，新的月份开始离开日历事件已满。本周最终将与美国非农就业报告。 在中国，官方采购经理人指数制造业周四公布旁边的服务变种。在财新采购经理人指数也将于同日发行。交易商都希望能看到中国经济形势的改善。 周一将是一天，普京的讲话在联合国的顶级盛会忙碌。当俄罗斯总统普京终于接受了联合国舞台上的9月28日，他将不再需要脱下鞋子和Bang讲台上与它像苏联前任赫鲁晓夫，据说做了55年前。
普京的地址给联合国大会，他的第一个十年中，当属克里姆林宫刘海其众所周知的鞋在世界舞台上日益增长的频率和音量。从叙利亚到乌克兰到北极，莫斯科已重置议程，并保持西方国家 - 也许美国，首先是 - 失去平衡，在追赶。
有美联储几位发言者安排在周一再次上周四在圣路易斯的演讲耶伦。首先上周一将杜德利，纽约联储主席会给接受记者采访时对华尔街日报和谈论加息问题以及通胀预期。在他以前的会谈中，杜德利表示反对升息九月之际国际金融市场的发展，但他指出，他希望美联储仍将加息在今年。 联储主席珍妮特·耶伦表示，美国央行仍准备在今年加息，第一次在近十年。耶伦表示，近期通货膨胀的疲软是暂时的，引起美元走强和低油价，这很可能通过。她说，美国的经济前景似乎固体暗示加息就不远了。市场波动性的预期。
9月28日的一周至10月2日将带来三大美国就业版本。在ADP民间就业报告将于周三公布的每周申请失业救济人数将于周四公布，最后，本周最大的事件将是周五劳工统计局公布的9月非农就业报告，或NFP。
在美元的实力有所减弱经济数据的帖子正数，但美联储没有承诺一个明确的利率远足计划播种的不确定性和波动性触发。在非农就业数据预计将宣布20万个新就业岗位，但在这一点上，还有待观察，如果这是不够的美联储。
巴里·诺曼，投资者交易学院

Investors Trading Academy---Drip Pricing滴灌定价

Investors Trading Academy---Drip Pricing滴灌定价
發佈日期：2015年9月24日
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Drip Pricing”
Drip pricing is where a headline price is advertised at the beginning of an online purchasing process and additional fees and charges which may be unavoidable are then incrementally disclosed or ‘dripped’. This can result in paying a higher price than the advertised price or spending more than you realize.
Drip pricing is frequently associated with the hospitality industry. Airlines may show the price of having a seat on a plane, but may exclude baggage fees, seating fees, taxes, and other costs that consumers associate with being part of the typical travel experience. Hotels may show room pricing that does not include local taxes or resort fees, or may not include the cost of services such as access to the gym or pool.
Companies use drip pricing for products that may face heavy price competition. This is because consumers are most likely to shop around for the best price for these types of items. This creates an incentive for companies to try to show the lowest price possible, even if the price that they show is not what the consumer will ultimately pay. Companies may utilize this pricing approach in order to entice a customer into starting the purchase process, at which point the customer may not want to restart his or her search.
By Barry Norman, Investors Trading Academy
发布日期：2015年年9月24日
欢迎来到财务条款和事件的投资者交易学院讲词汇。
我们当天的词是“滴灌定价”
滴灌定价就是一个标题价格被公布在网上采购流程和价外费用。这可能是不可避免的开始，然后逐步披露或“滴”。这可能会导致支付更高的价格比广告价格或花费比你想象的多。
滴灌定价经常与酒店业相关联。航空公司可能会显示有一个座位在飞机上的价格，但可能不包括行李费，座位费，税费和消费者联想到是典型的旅游体验的一部分其他费用。酒店可能会显示房间的价格不包括地方税或度假费，或可以不包括服务的成本，如使用健身房或游泳池。 公司利用滴灌定价可能面临沉重的价格竞争的产品。这是因为消费者是最有可能货比三家最好的价格为这些类型的项目。这将创建一个激励公司试图表明尽可能最低的价格，即使他们表现出的价格并不是消费者最终将付出什么。公司可以利用这种定价方法，以吸引顾客到开始购买过程中，此时用户可能不希望重新开始自己的搜索。
巴里·诺曼，投资者交易学院

Investors Trading Academy---Crowdfunding众人集资

Investors Trading Academy---Crowdfunding众人集资
發佈日期：2015年9月23日
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Crowd Funding”
Crowdfunding is a way of financing your business through donations of money from the public. This is commonly done through crowdfunding websites.
Generally, you post your business idea as a 'campaign idea' onto the website, with a description of your project. If people want to support your campaign, they can donate money to help you achieve your goal. These supporters are often called backers. On some websites, you need to set a monetary goal, and a time frame to reach this goal by. To encourage people to support your campaign, you can offer incentives and rewards based on amount they donate. These incentives and rewards can be anything, such as merchandise, acknowledgement, discounts on future purchase of the product you are developing, etc.
For example, you can set that for every donation of $10, you will provide an acknowledgement to the donor on your product’s website, and for every donation of $20, you will reward a 5% discount on the purchase of your product once it is produced.
The advantages of crowdfunding over other sources of funding can include:
1. a customer base who are already committed to your product
2. the opportunity for you to interact directly with your customers, who are also your investors
3. the opportunity to get feedback from your customers while your product is being developed and tested
4. free word-of-mouth marketing for your product through your backers
5. instead of providing a share to investors, you still own your business in full
6. Lower commitment and risk -if you don't reach your goal, you don't have to commit).
By Barry Norman, Investors Trading Academy
欢迎来到财务条款和事件的投资者交易学院讲词汇。
我们当天的词是“众人资助”
集资是通过捐赠资金从上市融资业务的一种方式。这是通过集资网站常见的做。
一般情况下，您发布的经营理念为“活动的想法'到网站，与项目的描述。如果人们想支持你的活动，他们可以捐钱来帮助你实现你的目标。这些支持者通常被称为支持者。在一些网站上，你需要设置一个货币目标和时限通过实现这一目标。 为了鼓励人们支持你的广告系列，可以提供基于所捐数额的激励和奖励。这些激励措施和奖励可以是任何东西，如商品，确认，在未来购买你所开发的产品等折扣
例如，您可以设置为$ 10每一笔捐款，将为你提供一个确认在您的产品网站上的捐助，并为$ 20每一笔捐款，你将奖励您购买产品的5％的折扣一旦产生。
集资超过其他资金来源的优点包括：
1.客户群谁已经致力于产品
2.机会，让你直接与你的客户，谁是也是你的投资者互动
3.有机会从你的客户的反馈，而你的产品正在开发和测试
口碑4.免费营销，通过你的支持者你的产品
5.而不是提供一个份额的投资者，你还是自己在全业务
6.降低的承诺和风险 - 如果你没有达到你的目标，你没有犯）。
巴里·诺曼，投资者交易学院

Investors Trading Academy财经日历---2015.9.21~9.25

Investors Trading Academy财经日历---2015.9.21~9.25
發佈日期：2015年9月20日
Welcome to the Investors Trading Academy economic calendar of the week. Each week our news analysts review the upcoming economic events that you should be monitoring. There is a relatively light economic calendar this week looking ahead, the Fed’s stance on interest rates and heightened concerns of the global economy hurting the U.S. economic recovery has created some strong positive sentiment in the market, at least in the short term. Although U.S. economic data will be limited this week some of reports that could create some volatility in the marketplace include manufacturing data, including durable goods numbers for August, home sales data for August and the final second-quarter U.S. gross domestic product report.
The coming week starts off with some Greek fun and games, but the bailout is not yet under threat so the impact is likely to be minimal.
PMIs next week will be very interesting, while US data is still the driving force behind the performance of the US dollar. Some brave souls are calling for a move in October now, but this looks unlikely. But with the economic outlook not particularly strong stock markets are likely to struggle.
The focus is on US housing data over the week while the results of the Greek election will filter through on Monday. In the US, the week starts off on with data on existing home sales. Economists expect that home sales eased by around 1.5 per cent in the month. The following day data on home prices for July is released. Also on Tuesday weekly data on chain store sales is released together with the influential Richmond Federal Reserve survey. On Wednesday the so-called 'flash' PMI manufacturing gauges are released in the US, Europe and China. While the survey methodology and results are doubtful, unfortunately they are watched by a number of analysts and investors. The Chinese results will be especially scrutinized. Also in the US, the usual weekly data on housing lending is released on Wednesday. On Thursday the US Federal Reserve chair Janet Yellen delivers a speech while weekly data on claims for unemployment insurance is issued together with new home sales and durable goods orders. Economists expect that new home sales may have lifted by around 1.6 per cent in August but also forecast that a key measure of business spending -- orders for durable, or long-lasting, goods -- may have fallen by 1.8 per cent in the month.
The week concludes with the US economic GDP figures for the June quarter are released. There are three iterations of the economic growth figures each quarter: the advance, preliminary and final estimates. The final estimates for the June quarter are expected to confirm that the US economy grew at a 3.7 per cent annualized rate, well above the “speed limit” of around 2.5 per cent after a weak but weather-affected March quarter result of 0.6 per cent growth. The University of Michigan’s consumer sentiment survey for September is issued. The preliminary reading was down sharply, a fall of 6.7 per cent to 85.7 in line with weaker sentiment readings in other parts of the globe.
By Barry Norman, Investors Trading Academy
发布日期：2015年年9月20日
欢迎来到本周的投资者交易学院经济日历。每个星期，我们的新闻分析检查，你应该监视即将公布的经济事件。本周展望未来有一个比较轻的经济数据，美联储的利率和全球经济伤害了美国经济复苏的担忧日益加重的立场也产生了一些强烈的乐观情绪在市场上，至少在短期内。 尽管美国的经济数据将在本周受到限制的一些报道称，可能造成在市场上一定的波动性，包括制造数据，包括耐用品号码八月，房屋销售数据，八月的最后第二季度美国国内生产总值报告。
即将到来的一周，一些希腊的乐趣和游戏开始了，但救市尚未受到威胁等方面的影响很可能是最小的。
下周采购经理人指数将是非常有趣的，而美国的数据仍然落后于美元的表现的动力。一些勇敢的灵魂呼吁在10月份动了，不过这看起来不太可能。但随着经济前景不是特别强的股票市场可能会挣扎。
重点是在上周美国住房数据，同时希腊大选的结果将通过过滤周一。在美国，当周上与成屋销售数据开始了。经济学家预计，房屋销售在一个月缓解了约百分之1.5。第二天数据对房价的月被释放。同样在周二连锁店销售周度数据与影响力的里奇蒙德联储公布的调查显示在一起。 周三所谓的'闪光'制造业PMI规发布在美国，欧洲和中国。虽然调查方法和结果值得怀疑，不幸的是他们被一些分析师和投资者的关注。中国的结果将特别审查。
另外，在美国，住房贷款通常的每周数据周三公布。
周四美国联邦储备委员会主席耶伦提供，而在失业保险索赔每周数据与新屋销售和耐用品订单数据一起发布了讲话。
经济学家预计，新屋销售可能会在八月提升了百分之1.6左右，但还预测，企业支出的关键指标 - 耐用，或持久，商品订单 - 可能在一个月下降了1.8％ 。
一周总结了美国经济的国内生产总值数据的第二季度发布。还有的经济增长数字每季度三次迭代：前进，初赛和决赛的估计。最后估计今年第二季度预计将证实美国经济0.6％的微弱，但受天气影响今年第一季度的结果后，增长率为3.7％，折合成年率，远高于“限速”的约百分之2.5增长。 密歇根大学的消费者信心调查九月大学发出。初步读数急剧下降，下降了6.7％，至85.7，符合在世界其他地区较弱的情绪读数。

Investors Trading Academy---Weather Derivative天气衍生产品

Investors Trading Academy---Weather Derivative天气衍生产品
發佈日期：2015年9月14日
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Weather Derivative”
A weather derivative is a futures contract or options on that futures contract — where the underlying commodity is a weather index.
These derivatives work much the same way that interest-rate or stock index futures and options do, by creating a tradable commodity out of something that is relatively intangible. Analysts look at historical weather patterns — temperature, rainfall and other things — develop averages, and quantify the risk that weather will deviate from the average. Corporations use weather derivatives to hedge their risk that bad weather will cause a financial loss. For a cereal company, bad weather might be a drought, which would cause wheat prices to go up. For a home heating company, it could be warm days in November, which could lower demand for home heating oil. And for an amusement park it could be rain.
The cereal company and the amusement park might buy futures contracts with an underlying weather index based on rainfall. The home heating company might want contracts based on a temperature index.
Weather derivatives are different from insurance, because they’re linked to common weather events, like dry seasons, or a warm autumn, that affect particular businesses. Insurance is still required to protect against major weather events, like tornadoes, hurricanes, and floods. You can buy weather derivatives as an individual, but you’ll want to consider the trading costs carefully to ensure that your risk of loss is worth the expense.
By Barry Norman, Investors Trading Academy
欢迎来到财务条款和事件的投资者交易学院讲词汇。
我们的一天中的字是“天气衍生物”
一个天气衍生产品是在该期货合约的期货合约或期权 - 在相关商品是天气指数。
这些衍生工具的工作大致相同的方式，利率或股票指数期货及期权做，通过创建一个可交易的商品出来的东西是相对无形的。分析师看历史上气候变化 - 温度，降水和其他的东西 - 开发平均值和量化天气将偏离平均水平的风险。企业利用天气衍生品来对冲风险糟糕的天气会造成经济损失。对于谷物公司，恶劣天气可能是干旱，这将导致小麦价格上升。对于家庭供热公司，也可能是在十一月温暖的日子，这可能会降低家庭取暖用油的需求。而对于游乐园可能是下雨。
谷物公司和游乐园可能会购买期货合约与基于降雨潜在的天气指数。家供热公司可能需要根据温度指数合约。
天气衍生品是来自保险不同，因为它们链接到常用天气现象，如旱季，或温暖的秋天，影响特定的企业。保险仍需要防止重大天气事件，如龙卷风，飓风和洪水。你可以买到天气衍生品作为一个个体，但是你要仔细考虑交易费用，以确保您的损失风险是值得的代价。
巴里·诺曼，投资者交易学院

Investors Trading Academy---Warrant權證

Investors Trading Academy---Warrant權證
發佈日期：2015年9月13日
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Warrant”
Corporations may issue warrants that allow you to buy a company's stock at a fixed price during a specific period of time, often 10 or 15 years, though sometimes there is no expiration date. Warrants are generally issued as an incentive to investors to accept bonds or preferred stocks that will be paying a lower rate of interest or dividends than would otherwise be paid. How attractive the warrants are — and so how effective they are as an incentive to purchase — generally depends on the growth potential of the issuing company. The brighter the outlook, the more attractive the warrant becomes.
When a warrant is issued, the exercise price is above the current market price. For example, a warrant on a stock currently trading at $15 a share might guarantee you the right to buy the stock at $30 a share within the next 10 years. If the price goes above $30, you can exercise, or use, your warrant to purchase the stock, and either hold it in your portfolio or resell at a profit. If the price of the stock falls over the life of the warrant, however, the warrant becomes worthless. Warrants are listed with a "wt" following the stock symbol and traded independently of the underlying stock. For example, if you own warrants to purchase a stock at $30 a share that is currently trading for $40 a share, your warrants would theoretically be worth a minimum of $10 a share, or their intrinsic value.
By Barry Norman, Investors Trading Academy
欢迎来到财务条款和事件的投资者交易学院讲词汇。
我们当天的词是“权证”
企业可发行认股权证，让您在的时候，往往10年或15年的特定时段购买某公司的股票在一个固定的价格，尽管有时是没有到期日。认股权证通常发出，以鼓励投资者接受，将支付的利息或股息比其他支付率较低的债券或优先股。有多大的吸引力权证 - 因此他们是如何有效的是作为购买奖励 - 一般取决于发行公司的增长潜力。的前景更加明亮，更具吸引力的权证变。
当发出通缉令，行权价高于目前的市场价格。例如，对A股目前交易于$ 15每股认股权证可以保证你买的股票以每股$ 30未来10年之内的权利。如果价格高于$ 30，你可以锻炼，或使用，您的认股权证以购买股票，并要么拿在你的投资组合或转售获利。如果股票的价格下跌了权证的生活，但是，权证变得一文不值。权证都列出了一个“重量”是继股票代码和标的股票的独立交易。例如，如果你拥有权证购买的股票在A股的当前股价以$ 40每股$ 30的认购权证在理论上是值得最低的每股10 $，还是其内在价值。
巴里·诺曼，投资者交易学院

Investors Trading Academy财经日历---2015.9.14~9.18

Investors Trading Academy财经日历---2015.9.14~9.18
發佈日期：2015年9月13日
Welcome to the Investors Trading Academy economic calendar of the week. Each week our news analysts review the upcoming economic events that you should be monitoring. This week’s focus will dead on the Federal Reserve decision due on Thursday afternoon. Most headlines will center on comments about what to expect from the Fed. The Federal Reserve could raise rates this month for the first time since 2006, although it is still not certain. All other events and data take a back seat, even if they still carry a degree of weight, such as UK unemployment data. It would be foolhardy to predict what will happen to asset prices, since even no move could provoke volatility if the accompanying statement and press conference provide hints about future policy.
On Sunday the monthly batch of Chinese economic indicators are released: retail sales, production and investment. There are signs that Chinese economic activity is gaining pace and investors would want to see further confirmation of that trend.
Expect annual retail sales growth near 10.6 per cent with production near 6.3 per cent and investment near 11.2 per cent. The risk is that the results print on the weaker side of expectations, especially given that China closed down heavy manufacturers and restricted transport in Beijing due to the World Athletic Championships. We would expect activity levels to lift in coming months. In the US, the week kicks off on Tuesday with retail sales figures, industrial production and the influential Empire state survey scheduled for release. Retail sales may have expanded by a good, but not great, 0.4 per cent in August while the underlying (non-auto) measure may have lifted by 0.3 per cent. The pull back in the 'flash' manufacturing index has economists expecting that industrial production may have eased by 0.2 per cent in August after the 0.6 per cent lift in July.
On Wednesday the key consumer inflation figures (the consumer price index) is released alongside the NAHB housing market index. The CPI for August should once again show that headline inflation is rather tame. In July the consumer price index rose 0.1 per cent to be up just 0.2 per cent over the year. Even stripping out food & energy prices, the core CPI rose by a tame 0.1 per cent in July. Economists tip the core CPI measure to fall by 0.1 per cent in August to be up 1.8 per cent over the year.
The US central bank policymaking group ,the Federal Open Market Committee, meets over Wednesday and Thursday with the decision announced at 4am Sydney time on Friday morning. The guessing game as to when the Fed will lift rates may not be resolved -- the probability of the meeting deciding the first interest rate rise in a decade -- is around 28 per cent. However, the text of the decision will be important in determining whether the Fed is on course to lift rates in December.
The FOMC’s rate decision, policy statement and economic projections will be delivered after late on the day on Thursday so markets will be able to react until Friday. Chair Janet Yellen will also participate in her bi-meeting press conference following the conclusion of the meeting.
By Barry Norman, Investors Trading Academy

发布日期：2015年年9月13日 欢迎来到本周的投资者交易学院经济日历。每个星期，我们的新闻分析检查，你应该监视即将公布的经济事件。本周的焦点将死在美联储决定定于周四下午。大多数的头条新闻将围绕有关美联储会发生什么评论。美国联邦储备委员会可能会在本月加息的第一次自2006年以来，虽然还未有定论。其他所有事件和数据退居二线，即使他们仍然带着一定程度的重量，如英国的失业数据。这将是愚蠢的预测会发生什么资产价格，因为即使没有任何举动可能会引发波动的情况随附的声明和新闻发布会提供有关未来政策的暗示。
上周日，每月一批的中国经济指标公布：零售销售，生产和投资。有迹象表明，中国的经济活动正在加速和投资者希望看到这种趋势进一步确认。 预计全年零售额增长近10.6％的近6.3％，投资生产近11.2％。风险在于对预期弱侧的结果打印，特别是考虑到中国关停重制造商和运输的限制在北京，由于田径世锦赛。我们希望活动的水平提升在未来几个月内。
在美国，当周周二揭开序幕零售数据，工业生产和有影响力的纽约州调查预定于发行。社会消费品零售总额可能会达百分之好，但不是很大，0.4八月份扩大，而底层（非自动）的措施可能已解除了0.3％。早在“闪光灯”制造业指数的拉动有经济学家预计工业生产可能在七月每升降百分之0.6后，在八月回落了0.2％。
周三主要消费通胀数据（消费者物价指数）被释放沿着NAHB房屋市场指数。消费物价指数的月应再次表明整体通胀相当温和。在七月份的消费价格指数上涨0.1％，至达到了0.2％以上的年份。即使剔除食品和能源价格，核心CPI在7月份上升被驯服了0.1％。经济学家尖端的核心消费物价指数由0.1下降百分之八月将增长1.8％，比上年。
美国央行决策小组，联邦公开市场委员会，满足了周三和周四凌晨4点，在悉尼时间公布在周五早上的决定。猜谜游戏至于何时美联储将加息可能不会得到解决 - 会议决定第一次加息是十年来的可能性 - 是大约百分之28。然而，决定的案文将是决定重要的美联储是否在课程上加息在12月。 联邦公开市场委员会的利率决定，政策声明和经济预测会后延期交付上周四一天，所以市场就能够到周五作出反应。主席耶伦也将参加她的双向会议新闻发布会之后的会议结束。
巴里·诺曼，投资者交易学院

Investors Trading Academy财经日历---2015.9.7~9.11

Investors Trading Academy财经日历---2015.9.7~9.11
發佈日期：2015年9月6日
Welcome to the Investors Trading Academy economic calendar of the week. Each week our news analysts review the upcoming economic events that you should be monitoring during the week. The week starts off with a US holiday, the official end of the summer vacation season. Traders will all be back in their offices with a roar on Tuesday to start off the last quarter of the year. Markets will be glued to the Federal Reserve meeting next week. Jobs data released on Friday gave no clear indication for a Federal Reserve decision. The rest of the week is relatively light in economic data terms. Sterling watchers and loonie followers will get rate decisions from the UK and Canada during the week, while China data will be particularly useful following the volatility of the past month and the reopening of the stock market there following the WWII commemorations.
Equity news is light too, although housebuilders will be in focus. Having been hit by recent turmoil, investors will be hoping that fundamentals can shine through and justify current valuations. Also on the list is supermarket Morrison’s, which will be hoping that an update on sales will allow the share price to stage a recovery.
In the US, the key economic data isn’t released until late in the week. And in China key economic data is released on Tuesday, Thursday and Friday, covering trade, inflation, and production, investment and retail sales.
In China, the week kicks off on Tuesday when China releases its trade data. Economists expect that exports fell at a 5 per cent annual rate in August, while imports are tipped to slide by 6 per cent. Overall the trade surplus is expected to have lifted from $43 billion to $51.1 billion in August.
On Thursday, China’s National Bureau of Statistics issues inflation data for August -- both consumer and producer prices. Inflation is well contained at present with producer prices still falling, not rising. Economists expect that producer prices fell 5.5 per cent over the year to August while consumer prices grew 1.9 per cent over the period. On Sunday the monthly batch of Chinese economic indicators are released -- retail sales, production and investment. There are signs that Chinese economic activity is gaining pace and investors would want to see further confirmation of that trend. Expect annual retail sales growth near 10.6 per cent with production near 6.3 per cent and investment near 11.2 per cent. The risk is that the results print on the weaker side of expectations -- especially given that China closed down heavy manufacturers and restricted transport in Beijing due to the World Athletic championships. We would expect activity levels to lift in coming months.
In the US, the week kicks off on Tuesday with consumer credit figures, the NFIB small business index and employment trends index. Economists expect that consumers continue to warm to low borrowing costs with credit tipped to have expanded by US$18 billion in July after a lift of US$20.7 billion increase in June.
By Barry Norman, Investors Trading Academy

发布日期：2015年年9月6日
欢迎来到本周的投资者交易学院经济日历。每个星期，我们的新闻分析检查，你应该在一周监测即将公布的经济事件。本周与美国假期，暑假季节正式结束开始了。交易商都将回到自己的办公室与周二的轰鸣声，开始了一年的最后一个季度。市场将粘在美联储下周会议。上周五公布的就业数据没有给出明确的指示了美联储的决定。本周的其余部分是在经济数据方面较为清淡。斯特林观察家和加元跟随者会得到来自英国和加拿大的利率决定在一周内，而中国的数据将是特别有用继过去一个月的波动和股市出现继二​​战纪念活动重新开放。
股权的消息是光太，虽然住房建筑将成为市场关注焦点。在被击中最近的动荡，投资者将希望的基本面可以彪炳和证明目前的估值。另外，名单上的超市莫里森，这将希望销售的更新将使股价阶段性复苏。
在美国，主要经济数据没有公布，直到本周后期。而在中国重要的经济数据公布，周二，周四和周五，涉及贸易，通货膨胀和生产，投资和零售销售。
在中国，本周在周二拉开序幕，当中国公布的贸易数据。经济学家预计，出口同比下降在5％的年增长率在八月，而进口放倒了6％下滑。总体贸易顺差的预期已经从$ 43个十亿至$ 51.1十亿在八月解除。
上周四，统计中国国家统计局发布的通胀数据为月 - 消费者和生产者价格指数。通货膨胀以及包含目前与生产者价格仍在下降，而不是上升。经济学家预计，生产者价格指数下降了5.5％在今年8月，而居民消费价格超过百分之期间增长了1.9。
上周日，每月一批的中国经济指标公布 - 零售销售，生产和投资。有迹象表明，中国的经济活动正在加速和投资者希望看到这种趋势进一步确认。预计全年零售额增长近10.6％的近6.3％，投资生产近11.2％。风险在于对预期弱侧的结果打印 - 特别是考虑到中国关停重制造商和运输的限制在北京，由于世界田径锦标赛。我们希望活动的水平提升在未来几个月内。
在美国，当周周二揭开序幕消费信贷数字，NFIB小企业指数和就业趋势指数。经济学家们预计，消费者继续升温至较低的借贷成本与信贷倾斜已被美国美国7月份的升程$ 20.7十亿增加6月份以后扩大$ 18个十亿。
巴里·诺曼，投资者交易学院

Investors Trading Academy财经日历---2015.8.31~9.4

Investors Trading Academy财经日历---2015.8.31~9.4
發佈日期：2015年8月30日
Welcome to the Investors Trading Academy economic calendar of the week. Each week our news analysts review the upcoming economic events that you should be monitoring during the week. Equities currencies and commodities were on a roller coaster as investors grappled with what could be a worse-than-expected slowdown in China, the world's second-largest economy. Those fears were reignited earlier this month when China unexpectedly devalued its currency, a move that signaled the government's concern about growth, and kicked into higher gear as economic data continued to show lackluster Chinese growth.
In the US, tepid earnings growth and uncertainty about the timing of the Federal Reserve's first increase in rates in nearly a decade are also sparking concerns.
What started out as a quiet week went completely haywire, you can never know what to expect. This week promises to be even more exciting as the economic calendar is packed full of major events and Fed speakers. Late last week Federal Reserve members seemed to turn back around supporting a September rate increase after US GDP soared above expectations. The CBOE Volatility Index rose 5.5 per cent to 27.53 on Friday, remaining above its 10-year average of about 20 for the sixth session in a row. The VIX is based on S&P 500 options that investors tend to rush to when they're fearful of a pullback.
The main focus this week will be Friday’s nonfarm payroll report on Friday. Solid data this week could send the Fed’s back into center stage. The jobs data is pivotal to the debate on when the Federal Reserve starts the rates ‘normalization’ process, that is, the time when the Fed lifts rates from zero, but for the Fed to be confident about lifting rates in September, members don’t just want to see job growth and lower unemployment but also evidence of inflation in the form of rising wages. Monday finds the UK closed for Summer bank holidays and the end of the week will see US traders beginning to begin the long Labor Day holiday.
On Tuesday, the ISM manufacturing index is released in the US. A reading of 53 is tipped, above the 50 line that separates contraction from expansion. Data on construction work is also issued with the monthly figures on new auto sales. The usual weekly chain store sales figures are also released.
In China, the official purchasing manager indices are released on Tuesday. That is, the National Bureau of Statistics will release the surveys covering both manufacturing and services sectors. The surveys are more reliable than the private sector surveys and the survey sample is much larger.
On Wednesday, the ADP report of private payrolls is issued, the precursor to Friday’s official job data. Economists expect job growth of around 205,000 in the month.
On Thursday traders will focus on the ECB rate decision and Mr. Draghi’s press conference. In the US estimates on international trade are issued for July. The trade deficit may have widened from US$39.8 billion to US$42 billion in the month. The ISM services index for August is also released on Thursday together with the Challenger series on job layoffs. The regular weekly data on claims for unemployment insurance is also issued.
And on Friday, the highlight of the week arrives. The August jobs market data is released with most focus on employment -- the non-farm payrolls series. The job market has improved markedly over time with job growth now consistently above 200,000 every month. And the jobless rate stands at 5.3 per cent. Economists tip job growth of 215,000 for August and unemployment at 5.2 per cent.
By Barry Norman, Investors Trading Academy
发布日期：2015年年8月30日
欢迎来到本周的投资者交易学院经济日历。每个星期，我们的新闻分析检查，你应该在一周监测即将公布的经济事件。证券货币和商品是在坐过山车，因为投资者在设法解决这可能是一个差于预期的中国经济增长放缓，世界第二大经济体。本月早些时候，这些担心被再次点燃中国时，意外地贬值本国货币，这标志着政府对增长担忧的举动，并踢入高挡的经济数据继续呈现低迷的中国经济增长。
在近十年的美国，不温不火的盈利增长和不确定性的利率美联储首次加息的时机也引发了担忧。
什么开始了作为一个安静的一周又完全失控，你永远无法知道会发生什么。本周有望随着经济日历挤满重大活动和美联储音箱会更加精彩。上周晚些时候，美联储成员似乎回头周边配套九月份加息后，美国的国内生产总值大幅上涨高于预期。芝加哥期权交易所波动率指数上涨了5.5％，至27.53上周五，仍高于第六届会议在连续的10年平均约20。波动率指数是基于标普500指数期权的投资者往往会赶去时，他们害怕一个回调。
主要的重点将在本周五上周五非农就业报告。可靠的数据，本周可以发送美联储回中心舞台。该就业数据是关键，当美联储开始利率“正常化”的过程，也就是当美联储升降机率从零时间上的争论，但美联储是信心加息在九月，成员不要“牛逼只是想看看在工资上涨的形式就业增长通胀和降低失业率，而且证据。
周一发现英国休市夏季银行假日和周末会看到美国交易商开始开始漫长的五一假期。
周二，ISM制造业指数在美国发行。 53读数倾斜，上面的50行，从扩张分离收缩。在施工作业的数据也发给新的汽车销售月度数据。通常每周连锁店销售数据也被释放。
在中国，官方的采购经理指数周二公布。也就是说，统计数据的国家统计局将发布涵盖制造业和服务业调查。该调查是比私人部门的调查更可靠，调查样本要大得多。
周三，私营企业就业的ADP报告发出后，前体到周五的官方就业数据。经济学家预计当月就业增长约为205,000。
周四投资者将重点关注欧洲央行利率决议和德拉吉的新闻发布会。在对国际贸易的美国估计发出七月。贸易赤字可能已经从美国在本月扩大$ 39.8十亿至US $ 42个十亿。 ISM服务业指数8月份也发布在周四与挑战者系列工作的裁员。还发表了关于失业保险索赔每周定期的数据。
而上周五，本周的重头戏到来。八月份就业市场数据发布与最注重就业 - 非农就业数据系列。就业市场有所改善显着随着时间的推移与就业增长持续，现在20万台以上每月。而失业率维持在5.3％。经济学家小费就业增长21.5万的月失业率为5.2％。
巴里·诺曼，投资者交易学院

Investors Trading Academy---Stochastic Oscillator随机指标

Investors Trading Academy---Stochastic Oscillator随机指标
發佈日期：2015年5月13日
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Stochastic”.
The Stochastic Oscillator is a technical indicator that moves back and forth between 0 and 100, providing a gauge of stock momentum. Developed by George C. Lane in the 1950s the main uses for the Stochastic Oscillator include divergences which can foreshadow reversals, overbought/oversold readings, bull/bear trade setups and crossovers which help pinpoint trade entries. The indicator shows how the current price compares to the highest and lowest price over the look back period. Typically the look back is 14 periods; on a weekly chart that is 14 weeks, on an hourly chart 14 hours. When the indicator is near zero it shows the price is trading near or below the lowest low during the look back period. If the indicator is near 100, the price is trading near or above the highest high during the look back period. Above 50 and the price is trading within the upper portion of the 14 period range; below 50 and the price is trading in the lower portion of the 14 period range. An asset is overbought when the Stochastic is above 80, and is oversold if the indicator is below 20. The labels are misleading though; overbought doesn’t necessarily mean the price will drop immediately, and oversold doesn’t mean the price will rally immediately. Overbought and oversold simply mean the price is trading near the top or bottom of the 14 day range, respectively. These conditions can last for a long time. Traders do use overbought and oversold levels to monitor reversals though. If the indicator is overbought -above 80 and then falls below 50, it indicates the price is moving lower. If the price was oversold -below 20 and rallies above 50 it indicates the price is moving higher.
By Barry Norman, Investors Trading Academy
欢迎来到财务条款和事件的投资者交易学院讲词汇。 我们的一天中的字是“随机”。
随机摆动指标是一个技术指标，来回移动0到100之间，提供了股票动量的测量仪。由乔治·C.巷20世纪50年代进行的随机摆动指标的主要用途包括分歧可以预示反转，超买/超卖读数，多头/空头建仓和交叉，帮助找准贸易项目开发。 该指标显示了当前的价格比最高的和最低的价格在回顾期内。通常情况下，回头看14期;在周线图上的14周，小时图14小时上。 当指标接近零它显示了在回首期价目前股价接近或低于最低低。如果指标是100附近，价格在回顾期内股价接近或高于新高。上面50和价格是买卖的14周期范围的上部内;低于50且价格交易的14周期范围的较低部分。 资产是超买，当随机指标在80以上，而如果该指标低于20的超卖。 标签误导虽然;超买并不意味着价格会立即下降，而超跌并不意味着价格会马上反弹。超买和超卖只是意味着价格股价接近14天范围内的顶部或底部，分别。这些条件可以持续很长一段时间。 交易者使用超买和超卖水平，但监测逆转。如果指标是超买-above 80，然后低于50，则说明价格进入下跌通道。如果价格被超卖-below 20和集会高于50则表明价格走高。

Investors Trading Academy---MACD指数平滑移动平均线

Investors Trading Academy---MACD指数平滑移动平均线
發佈日期：2015年5月12日
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “MACD”.
Technical analysis indicators condense price information, providing analytical insight and trading signals which may not be obvious on a price chart. The Moving-Average-Convergence-Divergence known as MACD indicator fluctuates above and below zero, highlighting both the momentum and trend direction of a stock. Utilizing the MACD effectively requires understanding how it works, its functions and applications, as well as its limitations. Gerald Appel developed the MACD in the 1970s, and it is one of the most popular indicators in use today. Traders use the MACD for determining trend direction, momentum and potential reversals. It is used to confirm trades based on other strategies, but it also provides its own trade signals. Two lines compose the MACD: the MACD line and Signal line. These lines move together, except the MACD moves faster as the Signal line is a moving average of the MACD line. The MACD Histogram that oscillates above and below zero shows the extent to which the MACD line is above or below signal line. The histogram provides a short-term view on recent momentum and direction. When the histogram is above zero, recent movement has been higher; below zero and the recent momentum was down. The greater the histogram value the greater the momentum of the recent move. The Histogram is not always shown as part of the MACD indicator as many traders prefer to focus on the how the two lines are interacting. These two lines are the source of most MACD strategies and price analysis.
By Barry Norman, Investors Trading Academy
欢迎来到财务条款和事件的投资者交易学院讲词汇。 我们当天的词是“MACD”。
技术分析指标凝结价格信息，提供分析洞察和交易信号，这可能不是很明显价格图表上。移动平均收敛发散称为MACD指标波动的上方和下方零，既凸显气势和趋势，股票方向。有效利用MACD需要了解它是如何工作的，它的功能和应用，以及它的局限性。 杰拉尔德·阿佩尔开发的MACD在上世纪70年代，它是当今指标使用最流行的一种。交易商使用MACD来确定趋势的方向，动力和潜在的逆转。它被用来确认基于其他策略的交易，但它也提供了它自己的交易信号。 两条线组成MACD：MACD线和信号线。这些线一起移动，但MACD的动作更快的信号线的MACD线的移动平均线。 MACD的柱状图振荡的上方和下方零表示多大程度上MACD线是高于或低于信号线。直方图提供最近的势头和方向上的短期看法。在直方图为高于零，最近的运动已经更高;零下以及最近势头下降。该直方图值越大，更大的近期举动的势头。 直方图并不总是表现为，MACD指标的一部分，因为许多交易商宁愿把重点放在如何两行交互。这两条线是大多数MACD策略和价格分析来源。