October 30, 2013
- in Uncategorized by schooloftrade
Morning Prep 10/30/13; SchoolOfTrade.com
7:30am EST
Focus-Points this
morning:
morning:
· Traders in the US prepare ahead of
FOMC news this afternoon
FOMC news this afternoon
· Analysts do not expect today’s FOMC
to result in any further policy-changes in the US
to result in any further policy-changes in the US
· FOMC not expected to surprise anyone,
but will give clues to how the Fed views the recent Govt shutdown and impact on
the ‘recovery’
but will give clues to how the Fed views the recent Govt shutdown and impact on
the ‘recovery’
· Today’s ADP Employment report to be
first glimpse at how Govt Shutdown affected the US jobs market
first glimpse at how Govt Shutdown affected the US jobs market
· The Eurozone starting to show signs
that the worst is over
that the worst is over
· Most European equities at all-time
higher (along with US equities)
higher (along with US equities)
· Spanish Q3 GDP registers first growth
in 9 quarters
in 9 quarters
· German unemployment rises for the 3rd
straight month
straight month
· Italian bond auctions see solid
demand
demand
· FDAX is higher +.35% (9052.00)
· Hang Seng is higher +2.00% (23304.00)
· EUR/USD is higher +.15% (1.3763)
· Gold is higher +.35% (1350.00)
· Crude Oil is lower -1.02% (97.21)
· E-Mini Dow is higher +.75% (15680)
· E-Mini S&P is higher +.50%
(1772.00)
(1772.00)
Economic News on the
schedule today:
schedule today:
This morning we begin with important employment and consumer
prices news before we head into the afternoon FOMC Announcement.
prices news before we head into the afternoon FOMC Announcement.
Crude Oil traders will look forward to some fireworks after
inventories are released today, but the spotlight will certainly be on the FED
in the middle of the afternoon.
inventories are released today, but the spotlight will certainly be on the FED
in the middle of the afternoon.
8:15am EST: ADP
Employment Report
Employment Report
8:30am EST: Consumer
Price Index
Price Index
10:30am EST: Crude
Oil Inventories
Oil Inventories
2:00am EST: FOMC
Announcement
Announcement
FOMC Announcement:
The
FOMC announcement at 2:00 p.m. ET for the October 29-30 FOMC policy meeting is
expected to leave policy rates unchanged. Market focus will be on the FOMC’s
characterization of the economy-especially the labor market-and on any hints on
timing of the start of reducing quantitative easing.
FOMC announcement at 2:00 p.m. ET for the October 29-30 FOMC policy meeting is
expected to leave policy rates unchanged. Market focus will be on the FOMC’s
characterization of the economy-especially the labor market-and on any hints on
timing of the start of reducing quantitative easing.
Which markets will be affected by this news the most today?
This morning we can expect to see challenging price-action from
Gold ahead of the FOMC report. Crude Oil
will likely be impacted by the coming release of inventories at 1030am EST.
Gold ahead of the FOMC report. Crude Oil
will likely be impacted by the coming release of inventories at 1030am EST.
Are any of these Red-Star news events today?
Yes, Consumer Price Index and the FOMC Announcement are both Red-Star
news events, which mean we will be watching them closely to see the reaction in
the price-action before we attempt to trade it and always try to leave a ‘runner’
on the trade.
news events, which mean we will be watching them closely to see the reaction in
the price-action before we attempt to trade it and always try to leave a ‘runner’
on the trade.
