November 15, 2013
- in Uncategorized by schooloftrade
Day Trading Morning Prep 11/15/13; SchoolOfTrade.com
7:30am EST
Focus-Points this
morning:
morning:
· Important
developments from China impacting global markets overnight
developments from China impacting global markets overnight
· EU
Commission issues warning to Italy & Spain regarding its budget woes
Commission issues warning to Italy & Spain regarding its budget woes
· Gold
moving lower overnight on belief the US Fed will not taper until 2014
moving lower overnight on belief the US Fed will not taper until 2014
· New
Fed Chairperson Yellen says she will continue to promote strong economic
recovery, reiterates that QE remains ‘data-dependent’ and will not continue
forever. Also says the all-time highs in
the stock market do not look like a ‘bubble’
Fed Chairperson Yellen says she will continue to promote strong economic
recovery, reiterates that QE remains ‘data-dependent’ and will not continue
forever. Also says the all-time highs in
the stock market do not look like a ‘bubble’
· Hang Seng is higher +1.70% (23033)
· FDAX is higher +.25% (9171)
· E-Mini S&P is higher +.50% (1790)
· E-Mini Dow is higher +.35% (15876)
· EUR/USD is lower -.01% (1.3457)
· Gold is lower -.35% (1282)
· Crude Oil is higher +.15% (93.89)
Economic News on the
schedule today:
schedule today:
November 15, 2013
Today’s news will focus on manufacturing in the US, and will
give us a glimpse into how the beginning of 2014 may look. Data over the last few months has been mixed
in the manufacturing sector, and today’s Industrial Production news will be on
everyone’s radar.
give us a glimpse into how the beginning of 2014 may look. Data over the last few months has been mixed
in the manufacturing sector, and today’s Industrial Production news will be on
everyone’s radar.
8:30am EST: Empire
State Mfg Survey | Import
Export Prices
State Mfg Survey | Import
Export Prices
9:15am EST: Industrial
Production
Production
Click here to see today’s Economic Calendar
Are any of these
Red-Star news events today?
Red-Star news events today?
Yes, the Industrial Production report today at 9:15am EST is
considered to be Red-Star news which means there will be more trading
opportunities around this time of the session.
We look for more volatility around these types of news events, and a Red-Star
news event always tells us to leave a runner profit-target to catch the big
moves that often follow it.
considered to be Red-Star news which means there will be more trading
opportunities around this time of the session.
We look for more volatility around these types of news events, and a Red-Star
news event always tells us to leave a runner profit-target to catch the big
moves that often follow it.
Which markets will
be affected by this news the most today?
be affected by this news the most today?
The manufacturing sector has impact on almost the entire
global economy, so all markets will react to today’s news. If we had to focus on one market it would be Crude
Oil (or Natural-Gas) this morning because when we think about manufacturing we
think about factories that needs trucks and airplanes to ship those products
they produce.
global economy, so all markets will react to today’s news. If we had to focus on one market it would be Crude
Oil (or Natural-Gas) this morning because when we think about manufacturing we
think about factories that needs trucks and airplanes to ship those products
they produce.
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