February 13, 2021 - Financial Occultist

US retail sales. Australia employment. UK retail sales

What are some of the key rate releases and economic events for next week?

Monday

US holiday in observance of Presidents’ Day. China is also off in observance of their Spring holiday
Reserve Bank of Australia’s monetary policy meeting minutes will be released at 7:30 PM ET/0030 GMT

Tuesday

US Empire manufacturing index for February will be released at 8:30 AM/1330 GMT with expectations of 6.0 vs. 3.5 last month

Wednesday

UK CPI will be released at 2 AM ET/0 700 GMT with expectations of 0.5% YoY vs. 0.6% last month
US PPI final demand for January will be released at 8:30 AM/1330 GMT. MoM as expected to rise by 0.4% with YoY expected to come in at 0.9%. Ex food and energy YoY the rise is a -1.1% vs. 1.2% last month
US retail sales will be released at 8:30 AM ET/1330 GMT. Estimate are for a 0.9% gain. The control group is expected to rise by 1.0% vs -1.9% last month
Australia’s employment change will be released at 7:30 PM ET/0030 GMT. Expectations are for 30K vs 50K last week. The unemployment rate is expected to come in at 6.5% vs. 6.6%
FOMC meeting minutes will be released at 2 PM ET/1900 GMT

Thursday

Weekly US initial jobless claims will be released at 8:30 AM/1330 GMT with estimates of 775 vs. 793 last week
US housing starts for January will be released at 8:30 AM/1330 GMT with estimate for annualized pace of 1659K vs. 1669K last month. Building permits are expected to dip to1673K from 1704K last month

Friday

UK retail sales will be released at 2 AM ET/0700 GMT. Estimates for January are for -2.5% vs. +0.3% as a result of Covid restrictions
Germany’s flash manufacturing PMI will be released at 3:30 AM ET/0830 GMT. The estimate is for 56.5 vs. 57.1 in January. This is the preliminary report
UK /services PMI will be released at 4:30 AM ET/0930 GMT. The estimate is for the index to rebound to 42.0 from 39.5. The manufacturing index is expected to come in at 53.1 vs. 54.1.
US flash manufacturing PMI at 9:45 AM ET/1445 GMT. Estimates for the manufacturing index to dip to 50.5 from 59.2 last month. Services index is expected to dip to 57.7 from 58.3. The estimates are preliminary for February
US existing home sales for January will be released at 10 AM ET/1500 GMT with estimates of a annualized pace of 6.62M vs. 6.76M last month

EUR long 140K vs 137K long last week. Longs increased by 3K
GBP long 21K vs 10K long last week. Longs increased by 11K
JPY long 35K vs 45K long last week. Longs trimmed by 10K
CHF long 11K vs 15K long last week. Longs trimmed by 4K
AUD short 1K vs 1K long last week. The speculative position went from long 1K last week to short 1K this week
NZD long 12K vs 15K long last week. Longs trimmed by 3K
CAD long 10K vs 14K long last week. Longs trimmed by 4K

The S&P and NASDAQ are closing the week at record highs after a late day rise to session highs.

The final numbers are showing:

S&P index rose 18.6 points or 0.47% to 3934.96. The hi reached 3937.23. The low extended to 3905.78
Nasdaq rose 69.69 points or 0.5% to 14095.47. The high reached 14102.04. The low extended to 13937.71
Dow rose 27.83 points or 0.09% at 31458.53. The high reached 31475.31. The low extended to 31347.80
Russell index rose 4.04 points or 0.18% to 2289.36

For the week: