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Investors Daily Edge
The FOMC Minutes Will Get The Most Attention, |
I shares MSCI South Africa ETF (EZA) The chart you’re looking at compares the South African rand’s performance (versus the U.S. dollar) and the iShares MSCI South Africa ETF (EZA). This is what’s called an inverse correlation. When the rand becomes inflated, South African companies don’t perform well. |
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| The FOMC Minutes Will Get The Most Attention, |
| Monday, 06 October 2008 | ||||||||
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Earnings Are Upon Us Again On Tuesday, the Consumer Credit report for August is released, and the number is expected to grow significantly versus July. An increase of almost $1 billion is what the market expects. How the amount of credit extended to American consumers has grown in the face of the current credit fiasco is unknown, but it could also mean that Americans are more desperate than ever to pay bills and are maxing out their credit cards. The Trade Balance report comes out on Friday, and the market expects a drop in the trade balance of almost $2 billion. This is most likely due to the strengthening dollar over the last five to six weeks. A smaller part could be due to a decrease in demand due to slowing consumer spending. Earnings Reports: Tues: AA, YUM Wed: COST, MON Thurs: CVX Fri: GE
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