SamTrader1
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By BinaryOptionStrategy.com
ECONOMIC NEWS
Nonfarm payrolls rose only 18,000, according to the Labor Department, well below economists’ expectations for a 90,000 rise from a Reuters survey. The unemployment rate climbed to 9.2 percent, the highest since December 2010. This was up from 9.1 percent in May. Many economists raised their forecasts on Thursday after a stronger-than-expected reading on U.S. private hiring from payrolls processor ADP, and expected gains of anywhere between 125,000 and 175,000.
THE WEEK AHEAD
MONDAY: Earnings from Alcoa, Chevron interim results
TUESDAY: International trade, 3-yr note auction, FOMC Minutes, Campbell Soup analyst meeting
WEDNESDAY: Weekly mortgage apps, import & export prices, Bernanke speaks, oil inventories, 10-yr note auction
THURSDAY: PPI, retail sales, jobless claims, business inventories, 30-yr bond auction, money supply, NPD video games sales; Earnings from JPMorgan and Google
FRIDAY: CPI, Empire state mfg survey, industrial production, consumer sentiment, credit card default rates reported, Dell shareholder mtg; Earnings from Citigroup and Mattel
ECONOMIC NEWS
Nonfarm payrolls rose only 18,000, according to the Labor Department, well below economists’ expectations for a 90,000 rise from a Reuters survey. The unemployment rate climbed to 9.2 percent, the highest since December 2010. This was up from 9.1 percent in May. Many economists raised their forecasts on Thursday after a stronger-than-expected reading on U.S. private hiring from payrolls processor ADP, and expected gains of anywhere between 125,000 and 175,000.
THE WEEK AHEAD
MONDAY: Earnings from Alcoa, Chevron interim results
TUESDAY: International trade, 3-yr note auction, FOMC Minutes, Campbell Soup analyst meeting
WEDNESDAY: Weekly mortgage apps, import & export prices, Bernanke speaks, oil inventories, 10-yr note auction
THURSDAY: PPI, retail sales, jobless claims, business inventories, 30-yr bond auction, money supply, NPD video games sales; Earnings from JPMorgan and Google
FRIDAY: CPI, Empire state mfg survey, industrial production, consumer sentiment, credit card default rates reported, Dell shareholder mtg; Earnings from Citigroup and Mattel