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The Day Ahead

Good morning – its Tuesday March 14*th, the 74th^ day of 2005.

Ahead of the Treasury International Capital report at 9:00am the US dollar is trading somewhat weaker following yesterday’s significant bounce higher, in part following comments from the banking regulator in South Korea1:

``There is widespread recognition that the ongoing trade imbalance between Asia and the U.S.—that is, Asian savings financing U.S. consumption—can’t be sustained,’’ Yoon Jeung Hyun, chairman of South Korea’s Financial Supervisory Commission, told the Foreign Correspondents’ Club in Tokyo.

This morning’s TIC report will give investment managers the most recent feedback on potential changes in support for the US Dollar:

``There is a focus from people on whether appetite for U.S. assets is easing,’’ said Ian Stannard, a currency strategist in London at BNP Paribas SA. ``The diversification out of dollars by Asian central banks comes to the fore every so often and puts the dollar under pressure.’’

US Market Calendar

  • 7:45 am: ICSC-UBS Store Sales
  • 8:30 am: Retail Sales – Feb.2
  • 8:30 am: Business Inventories
  • 8:30 am: Empire State Manufacturing Survey – Mar.
  • 8:55 am: Redbook – Mar. 12th week
  • 9:00 am: Foreign Purchases of U.S. Securities (TIC) – Jan.
  • 10:00 am: Business Inventories – Jan.
  • 10:00 am: Fed Chairman Greenspan testifies on Social Security
  • 1:00 pm: NAHB Housing Index – Mar.
  • Manpower Survey – Q2

Canadian Market Calendar

  • 8:30 am: Existing Home Sales – Feb.
  • 8:30 am: Manufacturing Shipments & Orders – Jan.
  • Manpower Survey – Q2

Earnings and the Federal Reserve

For earnings highlights, please see today's WSJ Earnings Calendar.

For a list of upcoming speeches, congressional testimony, Federal Open Market Committee material, and statistical releases, please visit the What's Next page of The Federal Reserve Board website. Recently released Federal Reserve Board material, including market moving FOMC decisions and speeches by members, will be found on their What's New page.

1 Korea Says Funding for U.S. Is Limited

2 U.S. Feb. retail sales up 0.5%

05.03.15 08:40 #