What’s In Store For Today : TGIF as The Dollar Stays Firm

  • U.K. GfK August Consumer Confidence @ 23:01 GMT. (survey -27, prior -29)
  • Japan Nomura/JMMA Seasonal PMI @ 23:15 GMT (prior 47.9)
  • Japan July Jobless Rate @ 23:30 GMT(survey 4.3%, prior 4.3%)
  • Japan July Job-to-Applicant Ratio @ 23:30 GMT (survey 0.83, prior 0.82 )
  • Japan July Overall Household spending y/y @ 23:30 GMT (survey 1.2%, prior 1.6%)
  • Japan July National CPI y/y @23:30 GMT (survey -0.3%, prior -0.2%)
  • Tokyo August CPI y/y @23:30 GMT (survey -0.7%, prior -0.8%)
  • Japan July Industrial Production m/m @ 23:50 GMT (survey 1.7%, prior 0.4%) y/y (survey 1.8% prior -1.5%)
  • Australia July private sector credit m/m (survey 0.4% prior 0.3%) y/y (survey 4.4% prior 4.4%) @ 01:30 GMT
  • China MNI August Business Sentiment Indicator @ 01:35 GMT
  • New Zealand July Money Supply M3 y/y (prior 5.7%)@ 03:00 GMT.

A few releases tonight to keep the market moving along ahead of tomorrows Jackson Hole event . The Fed’s Plosser (non-voting member) said on CNBC that QE3 is not needed and that monetary policy can’t fix the economy . It will be interesting to see if Big Ben shares his thoughts about that . After the lights go out at Jackson Hole , you know we will all be waiting for the ECB next Thursday and the U.S. employment numbers NEXT Friday to look for further signs of stimulus . Until then, have a nice long weekend .

Plosser-MNI

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