Full Economic Calendar
Fed Releases the Kraken of Speakers
Big week for rhetoric as the US Fed lets 14 speakers loose on the public. Tuesday will be key as Yellen speaks. Any talk of balance sheet adjustments may be bearish for bonds. The week is starting off already casting doubts on the effectiveness of any serious fiscal reform as the USD is weaker. Fed speakers may have to do a dance. Bad cops and good cops will be confused.
Our Personal favorite. Kashkari who essentially admitted the Fed manipulates stock prices. Truly a gift for incompetence wrapped in a Goldman resume. A sign that sucking up is now more important than actual financial talent. End The Fed times.
Patterns to Look for
- Always note when the Fed has speakers before and after data releases as they do this Friday.
- More notable when the US Fed speaks on same day as ECB does, there will be much real time texting across the pond.
Gold Players
Remain calm and ignore volatility this week. Be flat if you are a trader, or widen your levels and lighten your positions. Option Expiration is tomorrow adn despite worries, we see OI dropping and think that is not a big concern. Nevertheless, stupider stuff has happened. There could be a pin based on an OTC or exotic expiration.
- Words will not matter in the long run.
- The Fed speaks more when it has no tools left in its box. Not unlike a parent whose threats ofpunishment have been called a bluff
- We feel that downside Gold volatility will be met with buying unless Yellen announces that they have created a time machine.
- Brexit announcements are the outlier this week
- Gold is now a BTD asset. The bigger the dip, the bigger the investor in it.
Follow the colors, see the pattern. Don't be fooled.
- Soren K Group
Key US Econ Releases RED
Fed Related GREEN
Time
Cur.
Event
Forecast
Previous
Monday, March 27
07:00
EUR
ECB's Praet Speaks
12:15
EUR
ECB's Praet Speaks
17:00
AUD
RBA Assist Gov Debelle Speaks
17:30
USD
FOMC Member Kaplan Speaks
Tuesday, March 28
01:45
EUR
French Consumer Spending (MoM)
-0.1%
0.6%
02:00
EUR
ECB's Coeure Speaks
06:45
EUR
ECB's Coeure Speaks
07:30
USD
Goods Trade Balance
-66.60B
-68.84B
R
08:00
USD
S&P/CS HPI Composite - 20 n.s.a. (YoY)
5.6%
5.6%
09:00
USD
CB Consumer Confidence
113.9
114.8
09:10
CAD
BoC Gov Poloz Speaks
11:45
USD
FOMC Member George Speaks
11:50
USD
Fed Chair Yellen Speaks
12:00
USD
FOMC Member Kaplan Speaks
12:00
USD
FOMC Member Kaplan Speaks
15:30
USD
FOMC Member Powell Speaks
18:50
JPY
Retail Sales (YoY)
0.5%
1.0%
Wednesday, March 29
09:00
USD
Pending Home Sales (MoM)
2.0%
-2.8%
09:30
USD
Crude Oil Inventories
4.954M
09:30
USD
Cushing Crude Oil Inventories
1.419M
10:30
USD
FOMC Member Rosengren Speaks
11:50
EUR
ECB's Praet Speaks
12:15
USD
FOMC Member Williams Speaks
19:00
AUD
HIA New Home Sales (MoM)
-2.2%
Thursday, March 30
02:00
CHF
KOF Leading Indicators
106.0
107.2
02:00
EUR
Spanish CPI (YoY)P
3.0%
02:00
EUR
Spanish HICP (YoY)P
2.7%
3.0%
04:30
EUR
Italian 10-Year BTP Auction
2.28%
07:00
EUR
German CPI (MoM)P
0.4%
0.6%
07:30
CAD
RMPI (MoM)
0.8%
1.7%
07:30
USD
Initial Jobless Claims
245K
261K
07:30
USD
GDP Price Index (QoQ)
2.0%
2.0%
07:30
USD
GDP (QoQ)
2.0%
1.9%
08:45
USD
FOMC Member Mester Speaks
10:00
USD
FOMC Member Kaplan Speaks
15:30
USD
FOMC Member Dudley Speaks
16:45
NZD
Building Consents (MoM)
0.8%
18:30
JPY
Tokyo Core CPI (YoY)
-0.2%
-0.3%
18:30
JPY
National Core CPI (YoY)
0.2%
0.1%
18:30
JPY
Household Spending (YoY)
-1.7%
-1.2%
18:30
JPY
Jobs/applications ratio
1.43
1.43
18:30
JPY
Household Spending (MoM)
0.4%
0.5%
18:50
JPY
Industrial Production (MoM)P
1.2%
-0.4%
19:00
NZD
ANZ Business Confidence
16.6
19:30
AUD
Private Sector Credit (MoM)
0.5%
0.2%
20:00
CNY
Manufacturing PMI
51.7
51.6
20:00
CNY
Non-Manufacturing PMI
54.2
Friday, March 31
01:00
EUR
German Retail Sales (MoM)
0.7%
-0.8%
01:00
GBP
Nationwide HPI (MoM)
0.3%
0.6%
01:00
GBP
Nationwide HPI (YoY)
4.1%
4.5%
01:45
EUR
French Consumer Spending (MoM)
-0.1%
0.6%
01:45
EUR
French CPI (MoM)P
0.7%
0.1%
01:45
EUR
French HICP (MoM)P
0.6%
0.2%
03:00
EUR
German Unemployment Rate
5.9%
5.9%
03:00
EUR
German Unemployment Change
-10K
-14K
03:30
GBP
Business Investment (QoQ)
-1.0%
-1.0%
03:30
GBP
Current Account
-17.0B
-25.5B
03:30
GBP
GDP (QoQ)
0.7%
0.7%
03:30
GBP
GDP (YoY)
2.0%
2.0%
04:00
EUR
CPI (YoY)P
1.8%
2.0%
04:00
EUR
Italian CPI (MoM)P
0.1%
0.4%
04:00
EUR
Core CPI (YoY)P
0.8%
0.9%
04:00
EUR
ECB's Coeure Speaks
07:30
USD
Core PCE Price Index (MoM)
0.2%
0.3%
07:30
CAD
GDP (MoM)
0.3%
0.3%
07:30
USD
Personal Spending (MoM)
0.2%
0.2%
07:30
USD
Core PCE Price Index (YoY)
1.7%
1.7%
08:30
USD
FOMC Member Bullard Speaks
08:45
USD
Chicago PMI
56.8
57.4
09:00
USD
Michigan Consumer Sentiment
97.6
97.6
09:00
USD
Michigan Consumer Expectations
87.0
86.7
09:00
USD
FOMC Member Kashkari Speaks
13:00
USD
U.S. Baker Hughes Oil Rig Count
652
14:30
EUR
CFTC EUR speculative net positions
-19.7K
14:30
GBP
CFTC GBP speculative net positions
-107.8K
14:30
JPY
CFTC JPY speculative net positions
-67.0K
14:30
AUD
CFTC AUD speculative net positions
45.0K
14:30
USD
CFTC Gold speculative net positions
116.3K
14:30
USD
CFTC S&P 500 speculative net positions
89.1K
14:30
USD
CFTC Crude Oil speculative net positions
418.5K
16:00
GBP
BoE MPC Member Haldane Speaks
20:45
CNY
Caixin Manufacturing PMI
51.7
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