Canada retail sales and Fed Barkin are on the economic/event calendar today

Canada retail sales for June will be released at 8:30 AM. The expectations are for 0.3% vs. 2.2% gain last month. The ex auto data is expected to show a 0.9% gain vs. 1.9% last month.

Fed's Barkin is scheduled to speak at 9 AM ET. He last spoke on August 12 on CNBC. His comments can be found here.

Fed's Daly, Bullard, George and Kashkari all spoke yesterday and all expressed concern about inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term and vowed the continued fight. The expectations for a 75 basis point hike increased to over 50% in September. There is still data including jobs and CPI before that report. Next week the Fed's Jackson Hole Summit will take place. Focus will be on the speech from Fed chair Powell which will be given at 10 AM ET on Friday.

Later this afternoon the weekly Baker Hughes rig count data will be released. Honestly the dated tends not to have a big impact.

Today is option expiration date in the US stocks which could cause some added volatility Volatility In terms of trading, volatility refers to the amount of change in the rate of an index or asset, such as forex, commodities, stocks, over a given time period. Trading volatility can be a means of describing an instrument’s fluctuation. For example, a highly volatile stock equates to large fluctuations in price, whereas a low volatile stock equates to tepid fluctuations in price. Overall, volatility is an important statistical indicator used by many parties, including financial traders, analysts, In terms of trading, volatility refers to the amount of change in the rate of an index or asset, such as forex, commodities, stocks, over a given time period. Trading volatility can be a means of describing an instrument’s fluctuation. For example, a highly volatile stock equates to large fluctuations in price, whereas a low volatile stock equates to tepid fluctuations in price. Overall, volatility is an important statistical indicator used by many parties, including financial traders, analysts, Read this Term.