Friday, July 15, 2016

FRIDAY 7/15/16; France Terrorist Attack; China Economic Data and GDP (Gross Domestic Product); C; PNC; USB; WFC; CPI (Consumer Price Index); Retail Sales; Empire State Mfg Index; Industrial Production; Business Inventories; Consumer Sentiment; SPX (S&P 500) and INDU (Dow Industrials) Print All-Time Record Highs; Military Coup Takes Control of Turkey

Japan rallies with the yen remaining weak and the dollar/yen pair at 105.42. The yen weakness this week is the most dramatic since 












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surprising news continues with a report that Turkey President Erdogan may be seeking asylum in Germany. Explosions are taking place in Ankara, Turkey. Attack helicopters are firing their guns towards the ground creating more angst and fear. Civil war may break out. Facebook, YouTube and Twitter are blocked out in Turkey. Interestingly, the Turkish military is more friendly to the US than Erdogan’s government.

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