November 6, 2013
- in Uncategorized by schooloftrade
Morning Prep 11/06/13; SchoolOfTrade.com
7:30am EST
Focus-Points this
morning:
morning:
· Traders in the US focused on today’s Crude
Oil Inventories & Leading Indicators
Oil Inventories & Leading Indicators
· European equities continue to push
higher on overnight
news
higher on overnight
news
· Gold is higher +.75% (1,317.00)
· Crude Oil is higher +.85% (94.17)
· EUR/USD is higher +.25% (1.3511)
· E-Mini Dow is lower -.15% (15,618)
· E-Mini S&P I slower -.25% (1,793.00)
· FDAX is higher +.40% (9,045.00)
· Hang Seng is lower -.01% (23,036)
Economic News on the
schedule today:
schedule today:
November
6, 2013
Leading
indicators are catching up from the government shutdown and today’s data are
for September. But the petroleum status report is up-to-date and has been
showing a string of inventory builds tied to a strong rise underway in domestic
production.
6, 2013
Leading
indicators are catching up from the government shutdown and today’s data are
for September. But the petroleum status report is up-to-date and has been
showing a string of inventory builds tied to a strong rise underway in domestic
production.
8:30am EST: Gallup
Job Creation Index
Job Creation Index
10:00am EST: Leading
Indicators
Indicators
10:30am EST: Crude
Oil Inventories
Oil Inventories
Click here to see today’s Economic Calendar
Are any of these
Red-Star news events today?
Red-Star news events today?
No, none of the news events are considered to be Red-Star
news this morning, although the Crude Oil Inventories will certainly be a major
market-mover for Crude Oil traders, so pay close attention to Crude Oil around
that time, and remember to always leave a runner.
news this morning, although the Crude Oil Inventories will certainly be a major
market-mover for Crude Oil traders, so pay close attention to Crude Oil around
that time, and remember to always leave a runner.
Which markets will
be affected by this news the most today?
be affected by this news the most today?
We can expect to see Crude Oil price-action significantly affected
by today’s news, so new traders should trade cautiously ahead of the news, and
then wait for the reaction to the news at 1030am EST to tell us new
directional-bias and then trade with the new short-term trend.
by today’s news, so new traders should trade cautiously ahead of the news, and
then wait for the reaction to the news at 1030am EST to tell us new
directional-bias and then trade with the new short-term trend.
