Thursday, August 12, 2010

US banks foreclosed on 92,858 properties in July

Forex Special


‘Happy the man, and happy he alone,
He who can call today his own;
He who, secure within, can say,
Tomorrow, do thy worst, for I have lived today.’ John Dryden (1631-1700)

The News:

Australian July jobless rose to 5.3% from 5.1% in June despite 23.5K new jobs created.

The Numbers:

British Summer Time, with expectations and previous figures in brackets.
06:00 JP July Consumer Confidence 43.4, Households 43.3, versus 43.6 and 43.5 June.
09:00 EZ16 ECB Monthly Report.
10:00 EZ16 June Industrial Production (-0.5% to +0.8% M/M, +8.9% to +9.5% Y/Y, versus +1.0% and +9.6% May).
13:30 US July Import Price Index (-0.2% to +0.6% M/M, +5.0% to +5.7% Y/Y, versus –1.3% and +4.5% June).
13:30 US Weekly Jobless Claims (450K to 480K, Continuing Claims 4490K to 4600K, vs 479K and 4537K prior week).
15:00 US Fed’s Duke speaks at a public hearing on the Community Reinvestment Act, Chicago, together with people from the FDIC, Office of the Comptroller of Currency and Office of Thrift.
18:00 US result of 30-year TBond auction.

The Psychology:

Japan PM Kan says yen gains ‘rough’ as he discusses FX with the finance ministry’s Tamaki.

The Risk:

US banks foreclosed on 92,858 properties in July, the second highest number after May’s 93,777.

Today’s Most Interesting Chart: Nikkei 225

Dipping to a new low for this year and key long term support.
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