UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. Oct. 20 @ 2:00 pm ET - Beige Book Report
* Tues. Oct. 26 @ 10:00 am ET - CB Consumer Confidence
* Fri. Oct. 29 @ 8:30 am ET - Core PCE Price Index m/m Data
* Wed. Nov. 3 @ 2:00 pm ET - FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Fri. Nov. 5 @ 8:30 am ET - Employment Data
* Tues. Nov. 9 @ 8:30 am ET - PPI m/m & Core PPI m/m Data
* Wed. Nov. 10 @ 8:30 am ET - CPI m/m & Core CPI m/m Data
* Fri. Nov. 12 @ 10:00 am ET - Prelim. UoM Consumer Sentiment
* Fri. Nov. 12 @ 10:00 am ET - Prelim. UoM Inflation Expectations
* Tues. Nov. 16 @ 8:30 am ET - Retail Sales & Core Retail Sales Data
* Wed. Nov. 24 @ 2:00 pm ET - FOMC Meeting Minutes
*** CLICK HERE for link to Economic Calendars for all upcoming events.
Thursday, December 01, 2011
Capital Spending Shrinking in Japan
Data provided courtesy of www.forexfactory.com: http://www.forexfactory.com/#chart=36516
The Daily chart below of Japan's Nikkei Stock Futures Index, NKD, shows that it recently dipped below the lows made in March after the earthquake. It's currently sitting at near-term price, trendline, and moving average (50 sma) resistance. As I've written in numerous posts, it's an index that I like to watch as it moved almost identically to the YM, ES, NQ & TF for quite some time after the earthquake...although it has been weaker in October and November. It's one that I'll continue to watch to see if weakness creeps back in, or whether a major support has been established at its recent lows, from which a new bull advance can occur...the 20-day 30-minute intraday (market hours only) chart below shows, however, the same gapping scenario as noted in my last post...so, a sustainable advance above these gaps is questionable.