by Calculated Risk on 8/04/2012 01:25:00 PM

Earlier:
• Summary for Week Ending Aug 3rd

The key report this week is the June Trade Balance report.

The July Fed Senior Loan Officer Survey will be released on Monday, and Fed Chairman Ben Bernanke holds a town hall meeting on Tuesday and is expected to take questions from the audience.

----- Monday, Aug 6th -----
9:00 AM ET: Speech by Fed Chairman Ben Bernanke, "Economic Measurement", At the 32nd General Conference of the International Association for Research in Income and Wealth, via prerecorded video.

2:00 PM: The July 2012 Senior Loan Officer Opinion Survey on Bank Lending Practices from the Federal Reserve.

----- Tuesday, Aug 7th -----
10:00 AM: Job Openings and Labor Turnover Survey for June from the BLS.

This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.

Jobs openings increased in May to 3.642 million, up from 3.447 million in April. The number of job openings (yellow) has generally been trending up, and openings were up about 18% year-over-year compared to May 2011.

2:30 PM: Conversation with the Fed Chairman: A Teacher Town Hall Meeting Event will be broadcast live and the Twitter discussion is at hashtag: #FedTownHall

3:00 PM: Consumer Credit for July. The consensus is for credit to increase $10.5 billion.

----- Wednesday, Aug 8th -----
7:00 AM: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index.

----- Thursday, Aug 9th -----
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to increase slightly to 367 thousand from 365 thousand.

8:30 AM: Trade Balance report for June from the Census Bureau.

Exports increased in May and imports decreased. Exports are 10% above the pre-recession peak and up 4% compared to May 2011; imports are at the pre-recession peak, and up about 4% compared to May 2011.

The consensus is for the U.S. trade deficit to decrease to $47.5 billion in June, down from from $48.7 billion in May. Export activity to Europe will be closely watched due to economic weakness. Also oil prices started to decline in April, and that will probably reduce the value of oil imports in June.

10:00 AM: Monthly Wholesale Trade: Sales and Inventories for June. The consensus is for a 0.3% increase in inventories.

----- Friday, Aug 10th -----
8:30 AM: Import and Export Prices for June. The consensus is a for a 0.2% increase in import prices.