Technical analysis will be away until Tuesday 1st September
Quote:
‘Commuter – one who spends his life
In riding to and from his wife;
A man who shaves and takes a train,
And then rides back to shave again.’ E. B. White (1899-1985)
The News:
UK 2-year Gilts yield 0.96%, lowest in decades.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
00:50 JP Bank of Japan Minutes of the July MPC meeting.
00:50 JP June Tertiary Industry Index +0.1% versus –0.1% May.
10:00 EZ1July CPI (-0.7% to –0.3% M/M, -0.7% to –0.5% Y/Y, versus +0.2% and –0.6% June).
13:30 US July CPI (-0.3% to +0.3% M/M, -2.1% to –1.6% Y/Y, versus +0.7% and –1.4% June).
13:30 US July Core CPI (0% to +0.2%, +1.5% to +1.7% Y/Y, versus +0.2% and +1.7% June).
13:30 CA June Manufacturing Sales (-2.5% to +3.8% M/M versus –6.0% May).
13:30 CA June New Vehicle Sales (-1.0% to 0% versus +1.0% May).
14:15 US July Industrial Production (-0.3% to +2.5%, Capacity Utilisation 67.5% to 69.7%, vs –0.4% and 68.0%).
15:00 US August University of Michigan Confidence Survey (64 to 75 versus 66 July).
The Psychology:
Thin summer markets so many question what are ‘real’ price moves.
The Risk:
Technical Analysis will be away until Tuesday 1st September.
Today’s most interesting chart: Eurodollar future
New contract high takes Treasury yields lower
