Check the gas numbers if natty comes in with another build we are going to see 2.5
very soon. bottom fishing in natty dangerous business
| Events | Actual | Consensus | Previous | Revised |
|---|
| 01:30 | AUD | Trade Balance (AUD) Jul | | -880M | -441M | | | 07:55 | EUR | German PMI Services Aug F | | 54.1 | 54.1 | | | 08:00 | EUR | Eurozone PMI Services Aug F | | 49.5 | 49.5 | | | 08:30 | GBP | PMI Services Aug | | 54 | 53.2 | | | 09:00 | EUR | Eurozone Retail Sales M/M Jul | | 0.10% | -0.20% | | | 09:00 | EUR | Eurozone Retail Sales Y/Y Jul | | -2.10% | -2.40% | | | 11:45 | EUR | ECB Rate Decision | | 1.00% | 1.00% | | | 12:30 | EUR | ECB Press Conference | | | | | | 12:30 | USD | Initial Jobless Claims | | 560K | 570K | | | 14:00 | USD | ISM Non-Manufacturing Composite | | 48 | 46.4 | | | 14:30 | USD | Natural Gas Storage | | 67B | 54B | |
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We got all the way up to 68.8 after the EIa broke only to settle back herethe fact that we did close down where the swing low lead me to believe we are gonna head up but THis Friday thing is going to hang over this until the report comes the news will probably be bad and then irt will crash that crash if it occurs will be bargain huntiong territory all over - It is almost like they are trying to make the market go down so they can do just that and so far it is working I don't beelive a lagging indicator should lead the market but that is the case right now
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