Following the slow paced week in the financial markets in which commodities and U.S stock started off the week declining while metals rising on account of the weaker than expected (but not that bad) U.S labor report, thus week there will be many more items on the agenda that could stir up the markets. Among the news items on the agenda are: U.S. retails sales report, U.S housing starts, ECB President speech, MPC meeting, Philly Fed Manufacturing Index, U.S existing home sales report and U.S. jobless claims. Here is an outlook for the week of April 16th to 20th The complete Weekly Outlook Update on Trading NRG (All times GMT):
13:30 –U.S. Retail Sales Report: this report will present the monthly changes in the retail sales and food services for March 2012; in the recent report regarding February, the retail sales increased by 1.1% from the previous month; gasoline stations sales also increased by 1.4% in February compared with January 2011; this report could signal the development in U.S's gasoline demand and thus may affect crude oil prices (for my review of the recent retail sales report).
17:30 – FOMC member Pianalto Speaks: I don't usual point out to speeches of FOMC members expect of Bernanke's however in preparation to the April FOMC meeting, this speech might revel another FOMC member's opinion in regards to the recent developments in the U.S's economy and the FOMC policy including the low rates and possible QE3; if Pianalto will hint of another QE program or will talk about the slow recovery of the U.S labor force, this news could affect U.S dollar;
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