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UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Fri. Aug. 6 @ 8:30 am ET - Employment Data
* Wed. Aug. 11 @ 8:30 am ET - m/m & y/y CPI & Core CPI Data
* Thurs. Aug. 12 @ 8:30 am ET - PPI m/m & Core PPI m/m Data
* Tues. Aug. 17 @ 8:30 am ET - Retail Sales & Core Retail Sales Data
* Wed. Aug. 18 @ 2:00 pm ET - FOMC Meeting Minutes
* Fri. Aug. 27 @ 5:30 am ET - Core PCE Price Index Data m/m
* Wed. Sept. 8 @ 2:00 pm ET - Beige Book Report
* Wed. Sept. 22 @ 2:00 pm ET - FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
*** CLICK HERE for link to Economic Calendars for all upcoming events.
Sunday, October 11, 2015
Carl Haub of the Population Reference Bureau, offers an excellent explanation [which re-enforces what I've previously said about Baby Boomers (downsizing) here and here]...
"World Population Aging: Clocks Illustrate Growth in Population Under Age 5 and Over Age 65"
I think the U.S. Fed's mandate to tie a 2% inflation target to their timing of a rise in interest rates is outdated and too high and needs to be seriously re-visited, in view of these facts.
Thursday, October 08, 2015
At the moment, major resistance sits at 19000, while minor support is at 17000, with major support at 16000. I'd watch the RSI, in particular, to see whether it can rise (and stay) above the 50.00 level. If so, we may see price spike to 19000 before consolidating -- then, either, attempt to penetrate above (and reverse) the moving average cross-over and rally to, potentially, new highs, or drop to new lows around the 16000 level. Otherwise, a hold below 50.00 on the RSI may see price plunge as low as 16000 (or lower), first.