Quote:
‘It’s easier to deal with several girlfriends than one wife.’ Hugh Hefner (1926-)
The News:
Canadian PM Harper is concerned at his currency’s strength, as is central bank governor Carney.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
00:50 JP September Domestic CGPI +0.1% M/M, -7.9% Y/Y, versus 0% and –8.5% August.
05:00 JP September Tokyo Condominium Sales +26.2% Y/Y vs –6.2% August. Bank of Japan keeps rates unchanged.
06:00 JP September Consumer Confidence 40.7, Households 40.5, versus 40.4 and 40.1 August.
09:30 GB September Jobless Change (+15K to +30K, Unemployed 5.0% to 5.1%, versus +24.4K and 5.0% August).
09:30 GB August Average Earnings (+1.2% to +1.5% 3M/Y/Y, Ex-bonus +1.7% to +1.9%, vs +1.7% and +2.2% Jul).
09:30 GB August ILO Unemployment (7.9% to 8.3% versus 7.9% July).
10:00 EZ16 August Industrial Production (0% to +3.5% M/M, -16.4% to –12.4% Y/Y, versus –0.3% and –15.9% July).
13:30 US September Retail Sales (-3.3% to –1.1%, Ex-autos –0.4% to +0.5%, versus +2.7% and +1.1% August).
13:30 US September Import Price Index (-1.0% to +1.3% M/M, -12% to –11% Y/Y, versus +2.0% and –15% August).
13:30 CA August New Vehicle Sales (-0.5% to +0.5% M/M versus +5.3% July).
15:00 US August Business Inventories (-1.3% to –0.5% versus –1.0% July).
19:00 US Fed’s FOMC Minutes of September 23rd.
19:30 US Fed’s Tarullo testifies at Senate Banking Committee on the state banking; also FDIC’s Bair and Comptroller of the Currency Dugan, Washington.
The Psychology:
Bash the US dollar; buy commodities.
The Risk:
Increased volatility.
Today’s most interesting chart: Nymex Crude Oil
Pushing up towards this year’s high.
