October 25, 2013
- in Uncategorized by schooloftrade
Morning Prep 10/25/13; SchoolOfTrade.com
7:30am EST
Focus-Points this
morning:
morning:
· US Futures markets mixed ahead of
Friday’s Red-Star news
Friday’s Red-Star news
· Germany reports first monthly decline
in Business Sentiment
in Business Sentiment
· UK Q3 GDP at 3-year high, continues
to impress analysts
to impress analysts
· Chinese Money market rates continue
to rise, disrupting currency markets
to rise, disrupting currency markets
· Earning Season continues in the US;
Moody’s Proctor & Gamble, UPS
Moody’s Proctor & Gamble, UPS
· Gold is lower -.75%
· Crude Oil is higher +.50%
· Euro is higher +.05%
· E-Mini S&P is higher +.33%
· US Bonds are higher +.60%
Economic News on the
schedule today:
schedule today:
This morning in the US we will see manufacturing news from
Durable Goods Orders that was delayed with the Govt shutdown, followed by the
always-important Consumer Sentiment news.
Durable Goods Orders that was delayed with the Govt shutdown, followed by the
always-important Consumer Sentiment news.
8:30am EST: Durable
Goods Orders
Goods Orders
9:55am EST: Consumer
Sentiment
Sentiment
10:00am EST: Wholesale
Trade
Trade
Durable
goods orders have been volatile
but the trend outside of aircraft and autos remains the same-anemic in recent
months. August durables orders beat expectations but July was revised down
notably. New factory orders for durables in August edged up 0.1 percent after
dropping a huge 8.1 percent in July. The transportation component rose 0.7
percent after a monthly 21.9 percent plunge in July. The transportation rebound
came from motor vehicles. Excluding transportation, durables orders slipped 0.1
percent, following a decrease of 0.5 percent in July.
goods orders have been volatile
but the trend outside of aircraft and autos remains the same-anemic in recent
months. August durables orders beat expectations but July was revised down
notably. New factory orders for durables in August edged up 0.1 percent after
dropping a huge 8.1 percent in July. The transportation component rose 0.7
percent after a monthly 21.9 percent plunge in July. The transportation rebound
came from motor vehicles. Excluding transportation, durables orders slipped 0.1
percent, following a decrease of 0.5 percent in July.
2013 Members Summit
& Trading Seminar
& Trading Seminar
The
Reuter’s/University of Michigan’s consumer sentiment index slipped to 75.2 in the mid-month October reading
versus 77.5 for final September and 76.8 for the mid-month September reading.
But the current conditions component was actually up in the mid-month October
reading, to 92.8 versus 92.6 in final September and 91.8 at mid-month
September. Weakness was entirely on the expectations side where the component
fell to 63.9 versus 67.8 in final September and 67.2 in mid-month September.
Reuter’s/University of Michigan’s consumer sentiment index slipped to 75.2 in the mid-month October reading
versus 77.5 for final September and 76.8 for the mid-month September reading.
But the current conditions component was actually up in the mid-month October
reading, to 92.8 versus 92.6 in final September and 91.8 at mid-month
September. Weakness was entirely on the expectations side where the component
fell to 63.9 versus 67.8 in final September and 67.2 in mid-month September.
