December 6, 2013
- in Uncategorized by schooloftrade
Day Trading Morning Prep 12/06/13; SchoolOfTrade.com
7:30am EST
Focus-Points this
morning:
morning:
· Traders around the world focus on the
US Non-Farm Payroll Employment Report today 8:30am EST
US Non-Farm Payroll Employment Report today 8:30am EST
· Price-action is mixed ahead of US
news
news
· Traders debate over the potential of
a Fed Taper in December if news is bullish for the USD
a Fed Taper in December if news is bullish for the USD
·
· FDAX is higher +.50%
· E-Mini Nasdaq is lower -.15%
· E-Mini S&P is lower -.45%
· EUR/USD is higher +.05%
· Crude Oil is lower -.13% [97.26]
· Gold is lower -.35% [1227.70]
Economic News on the
schedule today:
schedule today:
 |
| Economic News Worksheet |
This morning we will see the most important news event we
have as traders, Non-Farm Payroll news is scheduled for release at 8:30am EST. Traders have been watching this report all
week, and this morning we will see sluggish price-action ahead of this report,
followed by violent reaction to the news when it’s released.
have as traders, Non-Farm Payroll news is scheduled for release at 8:30am EST. Traders have been watching this report all
week, and this morning we will see sluggish price-action ahead of this report,
followed by violent reaction to the news when it’s released.
The most important
thing to remember about Non-Farm Payroll news is that we must stay patient after the news is released
because no matter what the scenario the price-action will challenging to trade
without a lot of risk. We will wait 15-minutes
before the news and then wait until 8:45am EST after the news is released to
take our first trade.
thing to remember about Non-Farm Payroll news is that we must stay patient after the news is released
because no matter what the scenario the price-action will challenging to trade
without a lot of risk. We will wait 15-minutes
before the news and then wait until 8:45am EST after the news is released to
take our first trade.
This morning’s Non-Farm
Payroll report is going to be possibly the most important report of the YEAR because the Fed is looking for data
to tell it when to start removing stimulus from the US markets, and today’s
report may give the FOMC enough confidence to announce ‘tapering’ to begin in 2
weeks at the next FOMC Meeting. Needless
to say, traders will be watching closely AFTER the news is released looking for
feedback from the price-action.
Payroll report is going to be possibly the most important report of the YEAR because the Fed is looking for data
to tell it when to start removing stimulus from the US markets, and today’s
report may give the FOMC enough confidence to announce ‘tapering’ to begin in 2
weeks at the next FOMC Meeting. Needless
to say, traders will be watching closely AFTER the news is released looking for
feedback from the price-action.
In addition to Non-Farm
Payroll news we also hear from Consumers Sentiment today, which is always an important
indicator of economic growth here in the US and will also be applied to the
decision to ‘taper’ by the FOMC at their next meeting. We will look for the Consumer Sentiment
report to keep the price-action moving for us today into the end of Friday’s
trading session.
Payroll news we also hear from Consumers Sentiment today, which is always an important
indicator of economic growth here in the US and will also be applied to the
decision to ‘taper’ by the FOMC at their next meeting. We will look for the Consumer Sentiment
report to keep the price-action moving for us today into the end of Friday’s
trading session.
8:30am EST: Non-Farm
Payroll & Personal
Income
Payroll & Personal
Income
9:55am EST: Consumer
Sentiment
Sentiment
Click here to see today’s Economic Calendar
Are any of these
Red-Star news events today?
Red-Star news events today?
Yes, today’s Non-Farm Payroll news at 8:30am EST is Red-Star
news and will certainly have more traders participating which will result in
more volume, volatility, and most likely more trading opportunities. We do need to beware trading too close to
this news because it will be violent immediately after the news is released,
however shortly afterwards we will look for the best trading opportunities.
news and will certainly have more traders participating which will result in
more volume, volatility, and most likely more trading opportunities. We do need to beware trading too close to
this news because it will be violent immediately after the news is released,
however shortly afterwards we will look for the best trading opportunities.
Which markets will
be affected by this news the most today?
be affected by this news the most today?
All markets will be affected by today’s Non-Farm Payroll and
Consumer Sentiment so we will be keeping a close eye on our favorite Futures markets
such as Crude Oil, Gold, Euro, Mini-Russell, and E-Mini S&P.
Consumer Sentiment so we will be keeping a close eye on our favorite Futures markets
such as Crude Oil, Gold, Euro, Mini-Russell, and E-Mini S&P.
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