Welcome To Monday

46
Mon, Apr 12, 2021 - 9:10am

For once, the week begins quietly with muted trading in London and a tight range on Comex. Chances are high it won't remain this way all week.

And there won't be much to move things today, either, save some Fed Goon appearance that I've not yet seen scheduled. If anything, the week has begun with the POSX a few ticks lower. We'll watch this beast all week long in the hope of a drop below....and a Friday close below...that important 92 level....

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Key Economic Events Week of 5/3

5/3 9:45 ET Markit manu PMI
5/3 10:00 ET ISM manu PMI
5/3 10:00 ET Construction Spending
5/3 2:20 ET Chief Goon Powell
5/4 8:30 ET US Trade Deficit
5/4 8:30 ET Factory Orders
5/4 1:00 ET Goons Daly and Kashnkari
5/5 8:15 ET ADP jobs report
5/5 9:45 ET Markit service PMI
5/5 10:00 ET ISM service PMI
5/5 12:00 ET Goon Mester
5/6 8:30 ET Productivity and Labor Costs
5/6 10:00 ET Goon Kaplan
5/7 8:30 ET BLSBS

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