US market is closed today, not much expected over the weekend. Cyprus is closed on Monday, so the bank run fear will be less. Friday Fed POMO of 4.75B was enough to keep the market in the green. Stocks have hit all time high, which also mean its now double top for the all time high. Now stocks needs to make quick rally up or down, as it cannot stay at this level for long. Anyways, follow the market don't bet against it and don't keep any holding overnight.
Economic Calendar:
Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
---|---|---|---|---|---|---|---|---|---|---|
3:45 | EUR | French Consumer Spending | low | 0.4 | -0.8 | |||||
3:45 | EUR | French PPI | med | 1 | 1.4 | |||||
3:45 | EUR | French Consumer Spending | low | -2 | -0.2 | |||||
3:45 | EUR | French PPI | med | 0.2 | 0.5 | |||||
8:30 | USD | Personal spending | med | 0.6 | 0.2 | |||||
8:30 | USD | Personal income | med | 0.8 | -3.6 | |||||
8:30 | USD | Core PCE Price Index | med | 0.1 | 0.1 | |||||
9:55 | USD | Univ of Mich Sent. (final) | med | 72.6 | 71.8 |