New Home Sales, Crude Oil Inventories & FOMC Announcement

The James’ Report:  Day Trading Strategies for Professional Traders

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CHANGE YOUR DESTINY:  We all have the ability to change our own destiny, but it takes some time and consistent effort to make it happen.  Just like a ship on the ocean can only be turned slowly, our destiny has momentum, and trying to change our future takes consistent effort and an awareness of where we are trying to go.  Ever ship needs a captain who can provide direction for the crew, keeping the final destination in mind, and our lives are the same.  Each of us are our own captain, and we must keep our eyes on the future, while making small changes today to be positioned in the right direction. 

News from Europe & Asia for US Morning Session:

– China flash PMI 49.1 up from 47.9 previous but still registers its 12 month of contraction 
– Australia Q3 CPI comes in above expectations and registered a 5-quarter high. (**Note: First release of quarterly inflation since introduction of carbon tax in Australia)
– ECB chief Draghi addresses German Parliament; Top German Politicians has warned the ECB to control inflation
– European major PMI survey comes in below expectations
– German IFO Business Climate Survey registers its 6th straight MoM decline at hits 2 year low
– German 10-year Bund auction results finds relief in its bid-to-cover ratio (first time in 3 auctions it was not ‘technically uncovered’
– FOMC rate decision during the US 2:15PM EST today

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