Week Ahead 12-10-2007

Good Morning,

First of all this morning i've got to appologize for fridays post, or the lack of post on friday haha. Im new to this blogging thing so you gotta give me a chance to grow.

But anyway, This week is a huge week with the FOMC coming out on tuesday. Starting off today we don't have much news in the US market. Pending home sales comes out at 10am EST. Other than that its a technical day on the US market. North of the border the Bank of Canada Governor speaks at 12pm EST. Canada also has housing starts that have already came out at 8:15am EST.

Tuesday of course we've got the interest rate statement (FOMC) coming out at 2:15pm. There are other opportunities on the Aussie dollar, the pound and the euro.

Wednesday we've got the import price index at 8:30am also the trade balance at 8:30am. Other good trades in the Aussie dollar, the pound, the New Zealand Dollar and the Canadian Dollar.

Thursday is a Big day. We've got retail sales, core retail sales and ppi coming out at 8:30am. In other markets we've got good trades in the Canadian dollar, the Japanese Yen, The pound and the Swiss Franc.

Finally on friday we've got CPI and Core CPI coming out at 8:30am. At 9:15am we've got industrial production and capacity utilization. No other news announcments other then the canadian dollar.

Well i hope everybody has a good week.

JP

Weekly rapup 12/7/2007

Good Morning

Well as expected this week was a pretty active week on the fundamental side of trading. Unemployment came out today at 4.8% up from 4.7% last month. Consumer sentiment was down as expected. It had a minor quick scalp on dollar pairs. Its going to be a sidways friday today i think. euro yen is in a intraday trend. Hoping it'll break out so i can get something.

Hope everybody has a good weekend.

JP

Mid-Week Update

Good Morning folks

The non farm employment just came out today and its double what was predicted 189K, prediction was 119K. MARKET MANIPULATION PEOPLE. I'm all for trading fundamentals but i really wouldn't trade on these numbers. Something wrong here. The ISM manufacturing index was higher at 50.8 VS the 50.4 predicted. I'd watch this number after the Christmas season due to less manufacturing after Christmas. This has been a huge week all across the board on the fundamental side. All currencies have had good news movers coming out this week. News traders are going WILD.

As far as the rest of the week goes, We've got the ECB announcement coming out tomorrow as wells jobless claims. Friday we've got consumer sentiment as well as consumer credit (which will be a crap number) and we got the employment situation number on Friday as well. After seeing non farms at 189K i wouldn't trade the employment number cause of the manipulation.

Well, i gotta get trading folks. Have a good day!