Tuesday, August 27, 2013

LIVE ECON DATA NEWS & ANALYSIS

MARKET ANALYSIS:


Day Trading Talking Points:

  • As called yesterday right here on TCS, US Durable Goods was a huge miss putting 2 misses back to back (Housing & D.G)
  • Risk is currently on its back foot as the Geopolitical Risks we have been warning about are starting to materialize. Our analysis: The U.S by itself will NOT engage Syria
  • JPY gained strength as the Safe Haven trade resumed. That of course is never good news for Asia Equities which moved lower during the Asian session.
  • Debt Ceiling talk has reemerged with the point of no return suggested to be in October.
  • Though Risk Aversion and the weak US data seem like they will carry us through the opening EU session there is some market moving ECO DATA: IFO (usually this is a beat), Case Shiller, US Consmr Conf, and Richmd FED that could turn  the tides a little
LIVE ECON DATA:

Real Time Economic Calendar provided by Investing.com





SPEAKERS & SUPPLY:
FED's - Williams (non voter), ECB's - Coeure (dove), Asmussen (neutral) // IT 5yr BTP

SUMMARY:
Consumer Confidence may be a big mover today coming off recent negative prints. If IFO misses which it hardly ever does this will be a huge long for Euribor given the Risk Off sentiment and the ECB Jackson Hole chatter regarding more room for "action". Combine that with an ECB dove and neutralist speaking today and European Fixed Income may pop a little.





GLOBAL MACRO THEMES:
FED Tapering in Sept / Debt Ceiling / Student Loans and Muni's Defaults / Eurozone Dysfunctionality / China Slowdown / Japan's Money Printers / UK Improving on higher inflation and falling wages / EM Slowdown in Full Swing


HEADLINES:
Summary: Spooking the markets for now are Geopolitical risks. However, China still maintains a close second followed by the collapse of EM and Fed Talk. Risk Aversion is in control coming into the EU opening session

Today's Trading News:

Global Macro News:

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