Fundamental Analysis and the Week Ahead

Sep 8, 2011
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Binary Options Trading analysis written by David Frank - BinaryOptionStrategy

ECONOMIC NEWS

US retail sales jumped 1.1 percent in September, rebounding at their fastest pace in seven months. This was according to the Commerce Department. Economists had expected a gain of 0.7 percent. Sales growth during August was revised up to 0.3 percent.

Consumer sentiment unexpectedly dipped in early October, falling to 57.5 from 59.4 in the final September report. Economists expected the reading to rise to 60.2.

US import prices unexpectedly gained 0.3 percent in September, logging their largest increase in five months. This comes amid higher fuel and food costs, according to the Labor Department. Economists had expected prices to decline 0.3 percent last month.

THE WEEK AHEAD

MONDAY: Empire state mfg survey, industrial production, Fed’s Lacker and Evans speak; Earnings from Citigroup

TUESDAY: PPI, treasury international capital, housing market index, Bernanke speaks; Earnings from BofA

WEDNESDAY: Weekly mortgage apps, CPI, housing starts, Fed’s Rosengren speaks, oil inventories, Fed’s Beige Book

THURSDAY: Jobless claims, existing home sales, Philadelphia Fed survey, leading indicators, Fed’s Bullard and Kocherlakota speak

FRIDAY: Fed’s Kocherlakota speaks, 2011 Dodd-Frank Rulemaking Deadline