The week ahead…
I wanted to post some charts of the US Dollar vs. the Japanese Yen and the Euro. And while working on the charts the Us Dollar is falling once again when measured against the Yen. The value of the US Dollar will continue to be a major issue facing the economy of this country.
US Dollar – Japanese Yen:
US Dollar – Euro
The coming week will be a very volatile one. Many events on tap for this week which could be very significant to the markets…
Monday, December 3rd
- 8:00 am – Fed member Rosengren will be speaking on subprime mortgages in Boston
- 10:00 am – November ISM Manufacturing data
- 10:30 am – US Treasuary’s Paulson will be speaking at a housing conference in Washington
- 3:30 pm – Fed member Yellen will be speaking in Seattle on the US outlook and monetary policy
Tuesday, December 4th
- 3:15 am – US Treasury’s Ryan will be in Paris to at a Fixed Income conference.
Wednesday, December 5th
- OPEC Meeting
- 7:00 am – MBA mortgage applications
- 7:30 am – November Challenger Job Cuts data (Challenger is an outplacement employment agency and their job cut data is viewed by some as a leading indicator to official US Government unemployment data.
- 8:15 am – November ADP employment change data
- 8:30 am – Q3 non-farm productivity and Q3 unit labor cost data
- 10:00 am – October factory orders, November ISM non-manufacturing data
- 10:30 am – Oil inventories
- 11:45 am – US Treasury’s Paulson to talk on US / China relations (why is the Secretary of the Treasury going to speak on relations? Well maybe it is better he speak on relations between nations instead of getting involved in the US economy, for his department has done enough damage already)
Thursday, December 6th
- 7:00 am – Bank of England interest rate decision
- 7:45 am – European Central Bank interest rate decision
- 8:30 am – Initial jobless claims
- 10:30 am – Natural gas inventories
Friday, December 7th
- 8:30 am – November unemployment data
- 10:00 am – December University of Michigan consumer confidence data
- 3:00 pm – October consumer credit data
More on this topic
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The Purchasing Power Portfolio: This Five-In-One Investment Is the Ultimate Way to Diversify
(Investment U, 3/2/10)
Insane U.S. Dollar Bullishness
(Gold Versus Paper, 2/10/10)
Is the Relationship Between the Stock Market and the Dollar Set to Change?
(Financial Armageddon, 3/3/10)
