Dukascopy Bank Team
Dukascopy Bank SA
There are mostly US publications scheduled on this week’s final trading day, so let’s take a closer look. Euro zone Trade Balance for July opens this agenda at 9 AM. Seasonally adjusted surplus narrowed down slightly in June from May’s level of 16.9 billion Euros. Then there’s a high importance speech by the Bank of England Governor Mark Carney in Dublin at 10 AM. US data run starts at a half past noon GMT with a couple of publications, including the high importance Advance Retail Sales stats for August. Sales jumped by a half a percent in July after a downwardly revised gain of point 2% in June. Import prices data for August will be available at the same time. Prices were level in July and this follows June’s slight contraction. US Industrial Production data for August is published at a quarter past 1 PM. Production increased in July, but slower than expected at one tenth of a percent. A couple more US releases are out at 2 PM, including preliminary University of Michigan Survey for September. Even though the final consumer sentiment reading was revised slightly up, it still stood at the lowest level since January. Business inventories for July is the other and the final report for this calendar. Inventories increased by just one tenth of a percent in June and inventories to sales ratio dropped to a more than a 3 year low.
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