Cad Retail Smashes Numbers

15:45 EDT US Equity Markets are going into the close tracking a 2% loss overall today, to add to the 1% haircut from yesterday. Same story, different day; US Sub-Prime lending that was leveraged by Hedge Funds has created some Black Holes that now have to be accounted for. 14:00 EDT The Aussie CPI data is important tonight with an increase expected to 1.0%. A big move, but still within the RBA’s yearly targets. The Bank may not have to raise even if this number hits, if it misses the Aussie may come under selling pressure. 13:30 EDT ‘Instant Forex Rewards‘ is an article posted today under the ‘Economic Articles’ section of the site, it looks at expectancy and reality. 11:00 EDT US Housing data is dragging on global Equity markets, as the fear of mortgage defaults weighs heavily. The US markets are off by 1% 10:00 EDT Richmond Fed Manufacturing conditions printed at 4, as expected. 08:30 EDT Canadian Retail Sales, expected at 0.6%, printed off at a huge 2.3%. Inflationary pressures are in the economy. 06:00 EDT UK Industrial Trends were in at -6, down from +8, a big miss on a report that serves as a test of manufacturing sentiment. 06:00 EDT Euro Current Account came in at -8.6B a slip from the 0.0B expected. The Income flows to the Euro Zone were very low. 04:00 EDT Euro Manufacturing PMI was lower, see the in-depth Euro Zone report in ‘Global Commentary’ section below.03:00 EDT The Headline News link below has the weeks economic releases plotted for each region.