What is on the agenda for this week?
|
Date
|
Time
(ET)
|
Economic
Release
|
Actual
|
Market
Expects
|
Prior
|
|
12-Aug
|
2:00
PM
|
Treasury
Budget
|
-
|
-$96.0B
|
-$69.6B
|
|
13-Aug
|
8:30
AM
|
Retail
Sales
|
-
|
0.20%
|
0.40%
|
|
13-Aug
|
8:30
AM
|
Retail
Sales ex-auto
|
-
|
0.30%
|
0.00%
|
|
13-Aug
|
8:30
AM
|
Export
Prices ex-ag.
|
-
|
NA
|
-0.20%
|
|
13-Aug
|
8:30
AM
|
Import
Prices ex-oil
|
-
|
NA
|
-0.30%
|
|
13-Aug
|
10:00
AM
|
Business
Inventories
|
-
|
0.10%
|
0.10%
|
|
14-Aug
|
7:00
AM
|
MBA
Mortgage Index
|
-
|
NA
|
0.20%
|
|
14-Aug
|
8:30
AM
|
PPI
|
-
|
0.30%
|
0.80%
|
|
14-Aug
|
8:30
AM
|
Core
PPI
|
-
|
0.20%
|
0.20%
|
|
14-Aug
|
10:30
AM
|
Crude
Inventories
|
-
|
NA
|
-1.320M
|
|
15-Aug
|
8:30
AM
|
Initial
Claims
|
-
|
339K
|
333K
|
|
15-Aug
|
8:30
AM
|
Continuing
Claims
|
-
|
3000K
|
3018K
|
|
15-Aug
|
8:30
AM
|
CPI
|
-
|
0.20%
|
0.50%
|
|
15-Aug
|
8:30
AM
|
Core
CPI
|
-
|
0.20%
|
0.20%
|
|
15-Aug
|
8:30
AM
|
Empire
Manufacturing
|
-
|
6
|
9.46
|
|
15-Aug
|
9:00
AM
|
Net
Long-Term TIC Flows
|
-
|
NA
|
-$27.2B
|
|
15-Aug
|
9:15
AM
|
Industrial
Production
|
-
|
0.40%
|
0.30%
|
|
15-Aug
|
9:15
AM
|
Capacity
Utilization
|
-
|
78.00%
|
77.80%
|
|
15-Aug
|
10:00
AM
|
Philadelphia
Fed
|
-
|
10
|
19.8
|
|
15-Aug
|
10:00
AM
|
NAHB
Housing Market Index
|
-
|
57
|
57
|
|
15-Aug
|
10:30
AM
|
Natural
Gas Inventories
|
-
|
NA
|
96
bcf
|
|
16-Aug
|
8:30
AM
|
Housing
Starts
|
-
|
895K
|
836K
|
|
16-Aug
|
8:30
AM
|
Building
Permits
|
-
|
934K
|
911K
|
|
16-Aug
|
8:30
AM
|
Productivity-Prel
|
-
|
0.00%
|
0.50%
|
|
16-Aug
|
8:30
AM
|
Unit
Labor Costs
|
-
|
-0.30%
|
-4.30%
|
|
16-Aug
|
9:55
AM
|
Mich
Sentiment
|
-
|
85.1
|
85.1
|
We have a
big week for economic data..but it wont start until tomorrow.
MBS are
moving upward this morning on speculation over the German GDP data due out
this week. We only have one economic report this afternoon with our
U.S. Treasury budget.
We do not
have any major U.S. Treasury auctions this week.
The rest of
the week is packed with data about inflation levels (PPI and CPI) these are
most likely going to continue to show very tame inflation levels on a
month-over-month basis.
Tuesday's
Retail Sales report and Friday's Consumer Sentiment Index will be the biggest
reports of the week.
Pre-Market
Status: Neutral/Floating for Monday on an intra-day basis but
Neutral/Locking for the week. MBS will trend upward today (better pricing for you). But
keep an eye on that 50 day moving average as our new resistance level.
If we get a strong Retail Sales report on Tuesday, MBS will reverse course
towards worse pricing so be prepared.
|
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