Bobbys Corner-Open Market-Feb.17.2011
Good Morning:
The Yen took center stage in overnight trading-as speculation that the unrest in the Middle East will continue and spread throughout the region-thus the demand for safer assets will grow. The nervousness through the Middle East was further increased today-as reports that Iranian warships on their way to Syria are looking to pass through the Suez Canal. Currencies that are perceived as safe havens will be the winners in the near future-until geopolitical issues calm down.
Demonstrations for the 3rd day in Bahrain escalated with protesters demanding the ouster of the Prime Minister, and demanding a taste of democracy. Demonstrations also continued in Yemen and Libya.
The GBP was also stronger as comments from BOE member Andrew Sentance that interest rates should rise in the near end.
World equity markets were lower-as are US Futures.
Jan 2011 CPI prints at .4% , and jobless claims increased by 25K.
Oil:$84.88 Gold:$1379.80
| TIME | FOR | EST. | PRIOR | REVISED | ||||
| 8:30A.M. | CPI MoM | JAN. | 0.30% | 0.50% | 0.40% | |||
| 8:30A.M. | CPI EX FOOD & ENERGY MoM | JAN. | 0.10% | 0.10% | ||||
| 8:30A.M. | CPI YoY | JAN, | 1.60% | 1.50% | ||||
| 8:30A.M. | CPI EX FOOD & ENERGY YoY | JAN. | 0.90% | 0.80% | ||||
| 8:30A.M. | CPI CORE INDEX SA | JAN. | 222.I87 | |||||
| 8:30A.M. | CPI NSA | JAN. | 22O.176 | 2I9.I79 | 222.2IO | |||
| 8:30A.M. | INIITIAL JOBLESS CLAIMS | FEB.12 | 400K | 383K | ||||
| 8:30A.M. | CONTINUING CLAIMS | FEB.5 | 3859K | 3888K | ||||
| 9:45A.M. | BLOOMBERG ECONOMIC EXPECTATIONS | FEB. | ||||||
| 9:45A.M. | BLOOMBERG CONSUMER COMFORT | FEB.13 | ‘-46.O | |||||
| 10:00A.M. | MORTGAGE DELINQUENCIES | 4Q | 9.13% | |||||
| 10:00A.M. | MBA MORTGAGE FORECLOSURES | 4Q | 4.39% | |||||
| 10:00A.M. | LEADING INDICATORS | JAN. | 0.30% | 1.00% | ||||
| 10:00A.M. | PHILADELPHIA FED. | FEB. | 21.O | 19.3O | ||||
HAVE A GREAT DAY & GOOD LUCK
US Jobless Claims, Continuing Claims & CPI Data Due at 8:30AM
Canada Wholesale Sales Figures Due at 8:30AM
The Forex Day Ahead from FXDD for February 17th
Click on the picture or HERE to access PDF file.
Canada Manufacturing Sales & Leading Indicators Lower
Leading Indicators MoM: Survey: 0.4% Actual: 0.3% Prior: 0.5% Revised: 0.4%
Manufacturing Sales(MoM): Survey: 3.0% Actual: 0.4% Prior: -0.8% Revised: -0.6%
Manufacturing Sales by Region
DEC vs. NOV
Canada Manufacturing: $45,410 vs $45,250
Newfoundland: $574 vs $552
Prince Edward Island: $110 vs $103
Nova Scotia: $877 vs $902
New Brunswick: $1,616 vs $1,256
Quebec: $10,875 vs $11,189
Ontario: $20,658 vs $20,730
Manitoba: $1,288 vs $1,283
Saskatchewan: $975 vs $978
Alberta: $5,366 vs $5,194
British Columbia: $3,068 vs $3,059
Yukon: $3 vs. $3
US Housing Starts Much Higher, Building Permits and PPI also Improve
Housing Starts (MoM)%: Survey: 1.9% Actual: 14.6% Prior: -4.3% Revised: %
Jan vs. Dec
Total: 596 vs 520
Single Family: 413 vs 417
Multi Family: 183 vs 103
Building Permits: Survey: 559K Actual: 562K Prior: 635K Revised: K
Building Permits (MoM)%: Survey: -10.9% Actual: -10.4% Prior: 16.7% Revised: %
Producer Price Index (MoM): Survey: 0.8% Actual: 0.8% Prior: 1.1%
Jan vs. Dec
Total: 562 vs 627
Single Family: 421 vs 442
Multi Family: 141 vs 185
Producer Price Index (YoY): Survey: 3.5% Actual: 3.6% Prior: 4.0%
PPI Ex Food & Energy (YoY): Survey: 1.2% Actual: 1.6% Prior: 1.3%
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