Economic releases are condensed into four days this week because of the Easter Holiday and the U.S. economic calendar has important ‘Red Flag’ releases scheduled. Activity gets underway Tuesday morning with retail sales and PPI data. Retail sales, including the core number, are expected to post a gain for the monthly read, and PPI numbers are expected to come in flat. Later on Tuesday, Fed Chairman Bernanke will deliver a speech in Atlanta Ga. CPI data and TIC long term purchases will be released on Wednesday. On Thursday, building permits and unemployment claims will be announced and Fed Chairman Bernanke rounds off the week with a speech in Washington D.C. on Friday. “Dollar bulls have started to come back to the table recently and a good retail sales read will bring even more” LFB Trade Team members said. “Optimism is starting to grow that the U.S. financial crisis is ‘over the hump’ and that optimism helped the dollar strengthen against the euro last week,” they added. Other top-tier economic releases slated for this week include the Bank Of Canada (BOC) business outlook survey and Canadian CPI data.
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