Last week was a crazy week with 13 scheduled news releases on top of the debt ceiling vote out of Washington. At the end of the week, we’ve got a mixed market with a slightly better NFP report versus the surprise downgrade of US’ credit rating. With the current market falling into safety flows, we may see some more demand in the U.S. Dollar, along with CHF and JPY, despite of the downgrade… Of course, the next focus could be on Spain and Italy, therefore we should use extreme caution as we move forward this week.
Here are the tradable releases:
- Tue August 9, 2011 – 2:15pm EDT – US FOMC Interest Rate
- Wed August 10, 2011 – 9:30pm EDT – AU Employment Rate
- Fri August 12, 2011 – 8:30am EDT – US Core Retail Sales
As you can see, this is going to be a light week compared to the previous, but because of the absence of news releases, market now can trend without any hesitation… therefore, it could be a very wild week.
Thanks,
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