Weekly Fundamental Analysis and the Week Ahead

SamTrader1

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ECONOMIC NEWS


European banks and insurers rose after Greece’s private sector creditors agreed to take a 21 percent loss on their debt holdings as part of the Greek rescue plan.

With the clock ticking toward an August 2 deadline to raise the US debt ceiling, the focus shifts to Washington where efforts to avoid default enter crunch time. The main obstacle remains the issue of tax increases that Obama’s Democrats demand and Republicans vehemently oppose.

THE WEEK AHEAD

MONDAY: Dallas Fed survey, USDA food prices outlook; Earnings from Texas Instruments, Broadcom

TUESDAY: S&P Case-Shiller home price index, consumer confidence, new home sales, Richmond Fed survey, 2-yr note auction; Earnings from BP, Deutsche Bank, Ford, GlaxoSmithKline, 3M, UBS, UPS, US Steel, Amazon.com, Electronic Arts

WEDNESDAY: Weekly mortgage apps, durable goods orders, oil inventories, 5-yr note auction, Beige Book; Earnings from Boeing, ConocoPhillips, Aetna, AutoNation, Delta, Dow Chemical, Aflac, Symantec, Visa, WholeFoods

THURSDAY: Weekly jobless claims, pending home sales, Kansas City Fed survey, Richmond Fed Lacker speaks, 7-yr note auction, San Francisco Fed Williams speaks, money supply; Earnings from AstraZeneca, Credit Suisse, DuPont, ExxonMobil, Royal Dutch Shell, Sanofi, Bristol-Myers Squibb, DR Horton, Kellogg, Motorola Solutions, Sprint, Time Warner Cable, Chesapeake Energy, MetLife, Motorola Mobility

FRIDAY: Employment cost index, GDP, Chicago PMI, consumer sentiment, farm prices; Earnings from Chevron, Merck

Binary Options Trading analysis written by David Frank.
 
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