| The Anniversary Ahead: Quiet Anniversary - Retail Sales |
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A quiet week for U.S. bread-and-butter abstracts will about-face bazaar focus on any account apropos the U.S. cyberbanking sector. In Canada, the application address will accommodate advice to calm markets. The cyberbanking area continues to annoyance U.S. disinterestedness markets lower, and according to some bazaar strategists, investors will be searching to the U.S. government for added advice on the cyberbanking sector. "Until the problems in the banking sector are bound accident abhorrence will abide in markets," said Jamie Coleman, FX architect at ForexLive.com. Colman is assured bill markets to abide to clue markets, abacus that with stocks continuing to accomplish new lows, the U.S. dollar will be able-bodied supported. Conrad DeQuadros from RDQ Economics agreed that a lot of of the focus next anniversary will be on the U.S. government, and any new affairs to abutment the cyberbanking sector. The a lot of important abstracts this anniversary appears to be U.S. retail sales, but DeQuadros said markets are already advancing for a anemic report. January's sales afraid to the upside, but he said he is not assured that trend to last. "January sales were a bit of an anomaly," he said. "The basal trend charcoal to the downside despites endure month's rise." In Canada, markets will focus on the application report, which is accepted to appearance added aciculate abasement in the labour market. Sacha Tihanyi, bill architect from Scotia Capital said although the application abstracts will appulse the Canadian dollar, markets will abide acute to all-around and U.S. trends. He said if all-embracing accident appetence is on the acceleration advanced of the report, it will be admiring of the Canadian dollar. If that is the case, traders ability avoid the calm abstracts and abide afterward the trend, he said. All times in EST: Sunday 15:15 US Bernanke Speaks at Naming of Highway Interchange in S.C. Monday 8:15 CA Housing Starts February Exp: +148.5K Prior: +153.5K 13:00 US Treasury to Sell $31B 3-Month Bills 13:00 US Treasury to Sell $30B 6-Month Bills Tuesday 8:30 US Bernanke Speaks on Bank Regulation in Washington 10:00 US Wholesale Inventories January Exp: -1.0% Prior: -1.4% 10:00 US IBD/TIPP Bread-and-butter Optimism March Prior: +44.6 11:30 US Treasury to Sell $24B 52-Week Bills 11:30 US Treasury to Sell 4-Week Bills 13:00 US Treasury to Sell $34B 3-Year Notes 17:00 US ABC Consumer Confidence W/E March 8 Exp: -49 Prior: -49 Wednesday 7:00 US MBA Mortgage Applications W/E March 6 Prior: -12.6% 8:30 CA New Housing Price Index (M/M) January Exp: -0.3% Prior: -0.1% 10:30 US DOE U.S. Crude Oil Inventories W/E March 6 Prior: -757K 10:30 US DOE U.S. Gasoline Inventories W/E March 6 Prior: +168K 10:30 US DOE U.S. Distillate Inventory W/E March 6 Prior: +1662K 10:30 US DOE U.S. Heat Oil Inventories W/E March 6 Prior: +870K 10:30 US DOE U.S. Refinery Utilization W/E March 6 Prior: +1.76% 13:00 US Treasury to Sell $18B 10-Year Notes Reopening 14:00 US Monthly Budget Statement February Exp: -$203.0 Prior: -$175.6B Thursday 8:30 US Advance Retail Sales February Exp: -0.5% Prior: +1.0% 8:30 US Retail Sales Less Autos February Exp: -0.2% Prior: +0.9% 8:30 US Initial Jobless Claims W/E March 7 Exp: +640K Prior: +639K 8:30 US Continuing Claims W/E Feb. 28 Exp: +5130K Prior: +5106K 10:00 US Business Inventories January Exp: -1.1% Prior: -1.3% 10:30 US EIA Natural Gas Storage Change W/E March 6 Prior: -102 Bcf 13:00 US Teasury to Sell $11B 30-Year Bonds Reopening Friday 7:00 CA Unemployment Rate February Exp: 7.4% Prior: 7.2% 7:00 CA Net Change in Application February Exp: -50.0K Prior: -129.0K 8:30 CA International Merchandise Trade January Exp: -0.8B Prior: -0.5B 8:30 US Trade Balance January Exp: -$38.0B Prior: -$39.9B 8:30 US Import Price Index (M/M) February Exp: -0.8% Prior: -1.1% 8:30 US Import Price Index (Y/Y) February Exp: 13.5 Prior: -12.5% 10:00 US University of Michigan Consumer Sentiment March Preliminary Exp: +55.0 Prior: +56.3 |
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