Highlights

Fed strikes again

QE3 hammers the dollar. Euro enjoys risk-on rally.


Graph of the week

Graph Of The Week


Key Data and Events next week

Key Data & Events 17 September –21 September 2012
Key Data & Events 10 September –14 September 2012ConsensusPrevious
Monday, 17 SeptemberUS Empire State Manufacturing Index (Sep)A -10.41-5.85
Monday, 17 SeptemberEMU Trade Balance (Jul)A 7.9B10.5B
Tuesday, 18 SeptemberGerman ZEW Survey (Economic Sentiment) (Sep)A -18.2-25.5
Tuesday, 18 SeptemberUK CPI (MoM) (YoY) (Aug)A 0.5% / 2.5%0.1% / 2.6%
Wednesday, 19 SeptemberBank of England Minutes
Wednesday, 19 SeptemberUS Housing Starts (MoM) (Total) (Aug)2.6% / 765K-1.1% / 746K
Wednesday, 19 SeptemberUS Building Permits (MoM) (Total)-2.2% / 794K6.8% / 812K
Wednesday, 19 SeptemberUS Existing Home Sales (MoM) (Total) (Aug)1.9% / 4.56M2.3% / 4.47M
Thursday, 20 SeptemberEMU PMI Manufacturing (Sep A)45.445.1
Thursday, 20 SeptemberEMU PMI Services (Sep A)47.547.2
Thursday, 20 SeptemberUS Initial Jobless Claims370K384K
Thursday, 20 SeptemberPhiladelphia Fed (Sep)-4.0-7.1
Thursday, 20 SeptemberEMU Consumer Confidence (Sep A)-24.0-24.6

Content

Economic Data 2

Fixed Income 4

Currencies 8

Contacts 11