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Weekly Market View

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Turbulent Days

Fri, Sep 19 2008, 12:55 GMT
by Tatsuya Kawanishi

FXstreet.com

We realized that we just had a "wishful thinking", didn't we? Uncertainty still remains in the global financial market. The collapse of the U.S. fourth biggest investment bank Lehman Brothers was eminently illustrative of the ongoing crisis. The risks of USD crash and bonds crash have been barely avoided by the coordinated central banks intervention. The U.S. Treasury Secretary Paulson and the Fed Chairman Bernanke are considering several solutions to take a step towards structural reform of finances. Alright, let's have some time to recharge before the new week begins and then keep up the good work for the coming week.

On Sunday (Sept 21st) we have the following events to watch:

In Japan, the BoJ Minutes of the last meeting are released at 23:50 GMT. We carefully watch what economic viewpoint the BoJ has. There is no further events on Sunday.

On Monday (Sept 22nd) we have the following events to watch:

In the Euro zone, the ECB president Trichet's speech is scheduled at 07:15 GMT.

In Canada, Retail Sales are notable events to monitor

On Tuesday (Sept 23rd) we have the following events to watch:

In Germany, Manufacturing PMI (Previous 49.7) is an important event to watch. In the Euro zone, Manufacturing PMI (Previous 47.6) is released at 08:00 GMT.

In Canada, CPIs are scheduled at 11:00 GMT. In the U.S. Housing Price Index and Richmond Fed Manufacturing Index are remarkable events to monitor.

On Wednesday (Sept 24th) we have the following events to watch:

In Germany, Ifo Business Climate (Previous 94.8) is a notable event to watch.

In the Euro zone, Current Account is released at 08:00 GMT. In the U.K. CBI Distributive Trades realized (Previous -46) is to be taken into account. In the U.S. the Fed Chairman Bernanke has a press conference at 14:00 GMT.

In Japan, Trade Balance is released at 23:50 GMT.

On Thursday (Sept 25th) we have the biggest day of the week with the following events:

In Australia, Leading Index is released at 00:00 GMT.

In Germany, GfK German Consumer Climate and Import Price Index (Previous 0.6 %) are events to watch. In the U.S. New Home Sales is released at 14:00 GMT. Later on the Fed Chairman Bernanke has a press conference at 16:00 GMT.

In New Zealand, gross Domestic Product is released at 22:45 GMT.

In Japan, National Core CPI is an event to monitor.

On Friday (sept 26th) we have the following events to watch:

In Germany, CPI is an important event to follow. In the U.S. Gross Domestic Product (Previous 3.3%) and Michigan Consumer Sentiment are remarkable events to watch. There is no further events on Friday.

Published on  Fri, Sep 19 2008, 12:59 GMT