This week investors eagerly await the Jackson Hole Economic Symposium, which is where the Fed is lovely to unveil more details on its plans for tapering. Last week’s Fed Meeting Minutes gave traders cause for concern in a sign that the Fed may be rushing to taper its stimulus policy.
This stimulus propped up the economy by adding liquidity into the markets and turning traders’ risk on. However, tapering concerns have led to a sell-off, and investors have once again moved to risk-off.
Also, this week, we have global PMIs, which will help us understand if the economic recovery is indeed losing its momentum. A quiet week for Earnings this week, with no big-name companies reporting.
Have a strong trading week!
Calendar – Events
|8:15 AM – 9:00 AM||French, German & eurozone mfg & services PMI (August, flash)|
|9:30 AM||UK mfg & services PMI (August, flash)|
|2:45 PM||US mfg & services PMI (August, flash)|
|3:00 PM||Eurozone consumer confidence (August, flash)|
|3:00 PM||US existing home sales (July)|
|3:00 PM||US new home sales (July)|
|9:00 AM||German IFO business climate index (August)|
|1:30 PM||US durable goods orders (July)|
|3:30 PM||US EIA crude oil inventories|
|Thursday||Jackson Hole Economic Symposium|
|1:30 PM||US initial jobless claims|
|Friday||Jackson Hole symposium continues|
|1:30 PM||US personal income & spending (July)|