SamTrader1
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Greece received a 3 notch downgrade, Spain suffered its own sovereign rating cut, Portugal was forced to pay very, very, high rates at a debt auction and ratings agencies reported that the recapitalizing costs for Spain’s banking sector would be at least 2 or 3 times greater than the Bank of Spain’s 15.2 billion Euro assessment. Whether or not these fundamental concerns can offset the yield forecast and dampen risk appetite remains to be seen. Needless to say, the market will have a lot to consider come Monday.
THE WEEK AHEAD
MONDAY: Microsoft releases new version of Internet Explorer, Chevron analyst meeting, and HP “summit.”
TUESDAY: Credit card default rates, Empire state manufacturing survey, import & export prices, housing market index, and FOMC meeting announcement.
WEDNESDAY: Mortgage applications, housing starts, producer price index, current account, and oil inventories.
THURSDAY: Consumer price index, jobless claims, industrial production, leading indicators, Philadelphia Fed survey, natural gas inventories, money supply; before-the-bell earnings from FedEx; after-the-bell earnings from Nike.
FRIDAY: QUIET
By, BinaryOptionStrategy.com
THE WEEK AHEAD
MONDAY: Microsoft releases new version of Internet Explorer, Chevron analyst meeting, and HP “summit.”
TUESDAY: Credit card default rates, Empire state manufacturing survey, import & export prices, housing market index, and FOMC meeting announcement.
WEDNESDAY: Mortgage applications, housing starts, producer price index, current account, and oil inventories.
THURSDAY: Consumer price index, jobless claims, industrial production, leading indicators, Philadelphia Fed survey, natural gas inventories, money supply; before-the-bell earnings from FedEx; after-the-bell earnings from Nike.
FRIDAY: QUIET
By, BinaryOptionStrategy.com