Calm Before The Storm

With no apparent trend in place, we look for another day of whipsaws. Daily studies appear to be bouncing off of July lows, and intraday action is muted. With plenty of economic data being released this week, traders may wish to take a less aggressive stance today. Starting tomorrow we have the British and Euro Zone CPI. US data includes the PPI and industrial production on Tuesday, CPI, housing starts and building permits on Wednesday. Add to that an FOMC decision next week.