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The Day Ahead

Good morning – its Valentines day, and the 45th day of 2005. With no US economic news releases on the calendar today, traders will be looking at Friday’s price action and other markets for some guidance.

Futures markets are trading a little soft ahead of the open, however given the strong move up on Friday this is not a big surprise in the early going. Crude and Gold are both higher, the former perhaps bolstered by talk coming out of Venezuela and Brazil which appear to be forming an oil-based economic alliance, supported also by China which is interested in their underground resources.

US Economic Releases

  • None scheduled

Canadian Economic Releases

  • 8:30 am: Manufacturing Shipments & Orders – Dec.
  • 8:30 am: New Motor Vehicle Sales – Dec.

05.02.14 09:28 #