I found an interesting article for the coming trade plan:
OUTLOOK US economic indicators to be released in the coming weekWASHINGTON (Thomson Financial)
The following is a synopsis of US economic indicators to be released in the coming week with forecasts compiled by Thomson Reuters IFR Markets.Next week is light in the area of economic data, but is highlighted by speeches and testimony from Federal Reserve Board Chairman Ben Bernanke and Treasury Secretary Henry Paulson on housing and financial market regulation, and also includes new economic outlooks from key Fed members.
FRIDAY, JULY 11
Friday is expected to bring more expected news of a wider trade deficit and less consumer confidence. Analysts at Credit Suisse said in a memo today that while a weak dollar will mean continued favorable export conditions, 'price-related gains in petroleum imports are likely to nudge oil imports sharply higher, and the potential increase looks large enough to overwhelm any improvement on the export side of the trade ledger.Economists are expecting a 62.1 bln usd trade deficit for May, up from 60.9 bln usd the prior month.Consumer confidence is expected to erode slightly, from 56.4 to 56.0. Again according to Credit Suisse, the index should remain near its record low, since there's no reason for it to rise.'Consumers' biggest concerns are higher prices and unemployment, and we do not see nay relief in the recent news.'
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