Main stream media may be ignoring talk of US debt ceiling limit, but its now 13 billion away from hitting debt ceiling after that Treasury will need to use "Extra-ordinary measure" to keep US floating.
The big surprise last week was movement in Gold, Silver inspite of Fed easing and weakening US dollar index. GLD, SLV, NUGT have dropped sharply after fed easing. Also, watchout RGR and SWHC after Connecticut shooting, both fell down sharply.
Stock market is expected to open higher because of the fair value for Dow jones is -28 point and S&P500 is -2.52 and both expected to open up by this much point plus futures value. Rest of the day its expected to be bearish. Above 13164 is bullish zone on Dow jones and 1419 on S&P500 and below is bearish level.
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| Fiscal Cliff impact. |
Earnings play:
Monday after hour: SHFL, STEI
Tuesday Premarket : FDS, JEF, OFI, SAFM
Tuesday After hour : AIR,APOG,HEI,LTRE,NDZ,OCZ,ORCL
After Hours Movers
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 4:00 | WTO Dispute Settlement Body to meet | med | ||||||||
| 5:00 | EUR | Trade balance (nsa) | low | 9 | 9.8 | |||||
| 5:00 | EUR | Labour cost index | low | 1.6 | ||||||
| 8:30 | USD | Empire State Survey | med | -0.5 | -5.22 | |||||
| 9:00 | USD | Net Long-term TICS Flows | low | 25 | 3.3 | |||||
| 13:00 | USD | Fed's Lacker speaks on "Economic Outlook, December 2012" before Charlotte Chamber of Commerce Annual Economic Outlook conference | low | |||||||
| 18:00 | WTO conducts trade policy review of US (to 19 Dec) | low | ||||||||
| 18:30 | NZD | Government fiscal and economic update | med | |||||||
| 19:00 | GBP | BoE publish summary of quarterly bulletin | med | |||||||
| 19:00 | NZD | NBNZ Business Confidence | med | 26.4 | ||||||
| 19:30 | AUD | Minutes of prior (04 Dec) Reserve Bank Board meeting released | high | |||||||
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