Monday after Quad Witching, Quiet News in US, Markets React to Fed Statement

The James’ Report:  Day Trading Strategies for Professional Traders

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The Great Gift; every professional trader has one thing in common; they all began with lofty goals for their trading careers, and stuck to their plan to achieve those goals.  The great gift to every trader is the world of opportunity that comes our way every morning we open our charts and follow our trading plan.  As traders we have unlimited potential, and when used properly, with pre-determined goals and a plan of attack to accomplish them, we can achieve remarkable results. What’s your trading goal today?

News from Europe & Asia for US Morning Session:

– German IFO business climate declines for 5th straight month.
– EUR/GBP hits 2 week low, as Germany’s IFO index declines and misses expectations
– Italian sovereign debt spreads widen, as reports are re-circulated that leveraging options could be used to raise the size of the ESM to over €2T.
– European equity losses led by Spain and Italy
– AUD and NZD underperform amid losses in commodity prices.

– European equity indices opened the session lower and markets have remained in negative territory. Spain’s IBEX-35 and the FTSE MIB have underperformed on the session, amid the rise in peripheral bond yields. Banks are broadly lower and underperformers in the sector include Commerzbank and BBVA. Resource related companies are trading in negative territory, tracking the declines in commodity prices. In terms of event risks for the week, Spain is due to disclose its new reform measures on Sept 27th and results of the banking sector stress tests on Sept 28th.

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