Today's Economic Data Highlights

Tyler Durden's picture

One lone indicator today and two lone POMOs
10:30: Dallas Fed manufacturing index for Nov…will it hold?  After three months in seriously negative territory, this index recovered to a slightly positive reading in October.  The detailed indexes had not been quite at bad as the headline during the third quarter; they were more mixed in October—up for production (to +6.9 from +4.0) but down a bit for new orders (to -2.5 from 0) and more than a bit for number of employees (to -4.1 from +1.8).  The three economists who forecast it expect little change, on balance, in the headline reading.  This report follows three other Fed surveys, which have given sharply divergent messages (Richmond and Philadelphia both up; New York down sharply).
Median forecast (of 3): +3, ranging from 0 to +7; last +2.6.

11:00: POMO #1 - 2/15/2021 – 11/15/2027; size $1.5- $2.5 billion

13:15: POMO #2
- 5/31/2013 – 11/15/2014; size $6 - $8 billion


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Oh regional Indian's picture

Weird. Feels like standing in a big empty, usually crowded hall.

Good day to hear an echo of something.... what though?

How about this little tidbit...

Wednesday November 29, 1950:

Korean WarNorth Korean and Chinese troops force a desperate retreat of United Nations forces from North Korea.


eigenvalue's picture

Today's focus is the open interest of gold and silver of last Friday. Harvey Organ has been talking about Comex bankruptcy for several months. 

Kyron95131's picture

thats what im waiting to see materialize this week as well...

eigenvalue's picture

According the preliminary report of last Friday, only 7000 contracts on silver and 30000 on gold were liquidated. Although preliminary reports are usually not accurate, it still gives us some hope. 

Xibalba's picture

only a matter of time until EUR weakness does not translate into USD strength.