7/27/2007

The week ahead

Please note, that next week I will be on vacation so there will be no publication.
Next week's big piece of news will come on friday with Non farm payroll data for July.... Also not to be forgotten, we have PCE, ISM non manufacturing and ISM prices paid. These data will shed a bit of light on the state of the economy.

Did you know ?
NFP data is one of the biggest market movers but did you ever stopped and looked at the magnitude of the error margin on the released data? Among market participants, the consensus is about 70k... So this in fact means that when the number comes out at +70k it could actually be, in an extreme case, 0 or +140k! Pretty different no ?

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