OTCPK:KRCLF - Post by User
Post by
cleareyeon Feb 27, 2024 9:01am
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Post# 35901035
This week full of news as gold bumping up against resistance
This week full of news as gold bumping up against resistanceIt's an interesting week, full of news that will provide clues of where inflation is going. If the news proves that inflation is still rising, or not falling, then gold will have a hard time going higher.
It's one of those inflection points that make us all uncomfortable. Will gold break out and rise quickly or will gold drop down to the 1900's?
Economic Calendar:
TUESDAY, FEB. 27 | | | | | |
8:30 am | Durable-goods orders | Jan. | -6.1% | -5.0% | 0.0% |
8:30 am | Durable-goods minus transportation | Jan. | -0.3% | -- | 0.6% |
9:00 am | S&P Case-Shiller home price index (20 cities) | Dec. | | -- | 6.0% |
9:05 am | Fed Vice Chair for Supervision Michael Barr speaks | | | | |
10:00 am | Consumer confidence | Feb. | | 115.1 | 114.8 |
WEDNESDAY, FEB. 28 | | | | | |
8:30 am | GDP (first revision) | Q4 | | 3.3% | 3.3% |
8:30 am | Advanced U.S. trade balance in goods | Jan. | | | 79.7B |
8:30 am | Advanced retail inventories | Jan. | | | 0.4% |
8:30 am | Advanced wholesale inventories | Jan. | | | 0.7% |
12:00 pm | Atlanta Fed President Raphael Bostic speaks | | | | |
12:15 pm | Boston Fed President Susan Collins speaks | | | | |
12:45 pm | New York Fed President John Williams speaks | | | | |
THURSDAY, FEB. 29 | | | | | |
8:30 am | Initial jobless claims | Feb. 24 | | 210,000 | 201,000 |
8:30 am | Personal income (nominal) | Jan. | | 0.3% | 0.3% |
8:30 am | Personal spending (nominal) | Jan. | | 0.2% | 0.7% |
8:30 am | PCE index | | | 0.3% | 0.2% |
8:30 am | Core PCE index | | | 0.4% | 0.2% |
8:30 am | PCE (year-over-year) | | | 2.4% | 2.6% |
8:30 am | Core PCE (year-over-year) | | | 2.8% | 2.8% |
9:45 am | Chicago Business Barometer (PMI) | Feb. | | 48.0 | 46 |
10:00 am | Pending home sales | Jan. | | 1.5% | 8.3% |
10:15 am | Fed Gov. Christopher Waller speaks | | | | |
10:50 am | Atlanta Fed President Raphael Bostic speech | | | | |
11:00 am | Chicago Fed President Austan Goolsbee speaks | | | | |
1:15 pm | Cleveland Fed President Loretta Mester speaks | | | | |
8:10 pm | New York Fed President John Williams speaks | | | | |
FRIDAY, MAR 1 | | | | | |
9:45 am | S&P U.S. manufacturing PMI (final) | Feb. | | -- | 51.5 |
10:00 am | ISM manufacturing | Feb. | | 49.5 | 49.1 |
10:00 am | Construction spending | Jan. | | 0.3% | 0.9% |
10:00 am | Consumer sentiment (final) | Feb. | | 79.6 | 79.6 |
10:15 am | Dallas Fed President Lorie Logan speaks | | | | |
10:15 am | Fed Governor Chris Waller speaks | | | | |
12:15 pm | Atlanta Fed President Raphael Bostic speaks | | | | |
1:30 pm | San Francisco Fed President Mary Daly speaks | | | | |
3:30 pm | Fed Gov. Adriana Kugler speaks | | | | |
TBA | U.S. auto sales | March |