US PPI, Housing Starts, Building Permits Data at 8:30AM
Canada Leading Indicators & Manufacturing Sales Data due at 8:30AM
Rebroadcast of Lesson 3 with Greg and Shawn
Rebroadcast of Lesson 3 with Greg Michalowski and Shawn Powell - Watch now
Business Inventories Rise & Housing Market Index Stays the Same
US Business Inventories & Housing Market Index due at 10AM
Empire Manufacturing & Import Price Index Rise as Retail Sales Fall Lower
Core Retail Sales:Â Â Â Â Survey:Â 0.6%Â Â Â Actual:Â 0.3%Â Â Â Prior: 0.5%Â Â Â Â Revised:Â 0.3%
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Bobbys Corner-Open Market-Feb.15.2011
Good Morning:
Continued disharmony in the Middle East brought Brent Oil to a 2 year high. With the region controlling 3/5 of the world oil reserves, the protests are causing concern for global economies. With Egypt’s Mubarak ceding power to the military-the protests in the region are growing. Bahrain is now in it’s second day of protests against the government, and protesters in Yemen were marching toward the presidential palace. Iran also saw demonstrations in the biggest anti government rally since the disputed presidential elections in 2009.
On the FX arena-the Euro had good news as the German ZEW investor confidence survey rose for the 4th month in a row. Both German and France missed their target with GDP data-but the markets shruged this off, as many feel that the weather in Europe had an effect on the data.
In the UK-CPI data showed inflation at 4%-which is adding enormous pressure for UK monetary officials.
Oil:$85.27Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Gold;$1373.10
| TIME | FORÂ | EST. | PRIOR | |||
| 8:30A.M. | EMPIRE MANUFACTURING | FEB. | 15.OO | II.92 | ||
| 8:30A.M. | IMPORT PRICE INDEX MoM | JAN. | 0.90% | 1.10% | ||
| 8:30A.M. | IMPORT PRICE INDEX YoY | Â Â Â Â JAN. | 4.40% | 4.80% | ||
| 8:30A.M. | ADVANCE RETAIL SALESÂ | JAN. | 0.50% | 0.60% | ||
| 8:30A.M. | RETAILS SALES LESS AUTOS | JAN. | 0.50% | 0.50% | ||
| 8:30A.M. | RETAILS SALES EX AUTOS & GAS | JAN. | 0.40% | 0.40% | ||
| 9:00A.M. | TOTAL NET TIC FLOWS | DEC. | $40.0B | $39.0B | ||
| 9:00A.M. | NET LONG-TERM TIC FLOWS | DEC. | $85.1B | |||
| 10:00A.M. | BUSINESS INVENTORIES | DEC. | 0.70% | 0.20% | ||
| 10:00A.M. | NAHB HOUSING MARKET INDEXÂ | FEB. | 17.O | 16.O | ||
HAVE A GREAT DAY & GOOD LUCK















