Trade the News Market Internals Update

***Looking Ahead***

– (PO) Portugal Apr Industrial Sales M/M: No est v 12.2% prior; Y/Y: No est v 8.5% prior
– 11:00 (US) Fed to purchase $1-2B in TIPS
– 11:30 (US) Treasury to sell 4-Week Bills
– 12:00 (EU) EU President Van Rompuy meets Finland’s Halonen
– 12:30 (US) Fed’s Lockhart speaks on Economy in North Carolina
– 13:00 (US) Treasury to sell $32B in 3-Year Notes
– 13:30 (GE) German Deputy Foreign Minister Hoyer briefs Foreign Reporters
– 15:00 (US) Apr Consumer Credit: $5.0Be v $6.0B prior
– 15:45 (US) Fed Chairman Bernanke speaks to Bankers in Atlanta
– 16:30 (US) API Weekly Energy Inventories
– 19:50 (JP) Japan Apr Trade Balance: -¥379.0Be v +¥240.3B prior
– Wed (AS) OPEC meeting in Vienna

10:30 AM Market Internals update at 10:30ET

– NYSE volume 172M shares, about 14% below its three-month average; advancers lead decliners by 3.3:1.
– NASDAQ volume 390M shares, about 14% below its three-month average; advancers lead decliners by 2.7:1.
– VIX index -4.4% at just over 17.00

5:44 AM TradeTheNews.com European Market Update: China FX regulator personal view on USD weighs on greenback sentiment

***Economic Data***

– (FI) Finland Apr Preliminary Trade Balance: -€185M v -€655M prior
– (SA) South Africa May Net Reserves: $45.9B v $46.3Be; Gross Reserves: $50.1B v $50.6Be
– (UK) May Halifax House Price M/M: 0.1% v 0.2%e; 3Mths/Year: -4.1% v -4.0%e
– (HU) Hungary Apr Preliminary Industrial Production M/M: +0.5% v -3.6% prior; Y/Y: 9.5% v 8.8%e
– (NO) Norway May Unemployment Rate: 2.5% v 2.6%e
– (SZ) Swiss May CPI M/M: 0.0% v -0.1%e; Y/Y: 0.4% v 0.3%e
– (SZ) Swiss May CPI EU Harmonized M/M: -0.1% v 0.0% prior; Y/Y: 0.3% v 0.1% prior
– (AS) Austria May Wholesale Price Index M/M: -0.9% v +0.2% prior; Y/Y: 8.1% v 9.5% prior
– (CZ) Czech May International Reserves: $43.2B v $43.9B prior
– (TT) Taiwan May CPI Y/Y: 1.7% v 1.6%e; WPI Y/Y: 3.3% v 4.4%e
– (IC) Iceland April Final Trade Balance (ISK): 6.0B v 7.6B prelim
– (EU) Euro Zone Apr Retail Sales M/M: 0.9% v 0.3%e; Y/Y: 1.1% v 0.0%e
– (SI) Singapore May Foreign Reserves: $239.4B v $242.52B prior
– (GE) Germany Apr Factory Orders M/M: 2.8% v 2.0%e; Y/Y: 10.5% v 9.0%e
– (SA) South Africa Q2 BER Business Confidence: 48.0 v 55.0 prior

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