SamTrader1
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ECONOMIC NEWS
US GDP for the Q2 came in at an anemic 1.3 percent. This was worse than the 1.8 percent expectation and likely to raise fears of a double dip recession lying in wai. The first quarter’s already-weak reading of 1.9 percent was revised to a paltry 0.4 percent, suggesting an economy nearing a double dip despite trillions in liquidity from the Federal Reserve and government stimulus.
The University of Michigan consumer sentiment reading came in at 63.7, near consensus, while the Chicago Purchase Managers Index read 58.8, a bit lower than expected.
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
ECONOMIC NEWS
US GDP for the Q2 came in at an anemic 1.3 percent. This was worse than the 1.8 percent expectation and likely to raise fears of a double dip recession lying in wai. The first quarter’s already-weak reading of 1.9 percent was revised to a paltry 0.4 percent, suggesting an economy nearing a double dip despite trillions in liquidity from the Federal Reserve and government stimulus.
The University of Michigan consumer sentiment reading came in at 63.7, near consensus, while the Chicago Purchase Managers Index read 58.8, a bit lower than expected.
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
