13; SchoolOfTrade.com

7:30am EST

Focus-Points this
morning:

· US
Congress passes debt deal, ending 3 years of political impasses, lowering
the deficit without increasing taxes, avoids another shutdown in 2014

· Traders and analysts still debating
the timing of Fed Taper amid budget deal in the US

· Volcker
Rule passes in the US, changes the face of Investment Banking

· Crude
Oil pushes to 6-week highs after IEA boosts 2014 Demand Projections

Hang Seng is lower -1.20%

· FDAX is higher .15%

· E-Mini S&P is lower -.35%

· EUR/USD is higher +.05%

· Crude Oil is lower -.15% (98.39)

· Gold is lower -.30% (1,257.50)

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Economic News on the
schedule today:

10:30am EST: Crude
Oil Inventories

2:00pm EST: Treasury
Budget

This morning we have
some important news on the schedule to get the markets moving for us in the live
trade-room.

First, today is Wednesday so we have Crude Oil Inventories at
10:30am EST so we will be watching Crude Oil closely this morning. We know that Wednesdays are often a little
sluggish for Crude Oil before the report is released, so we will be looking for
the best trading opportunities shortly after this news is released at 10:30am EST.

Second, this afternoon we hear from the Treasury Budget,
which is going to be in-focus after the recent passing of a ground-breaking
debt-deal in the United States. Yesterday
the US passed a debt deal to lower the deficit without raising taxes, and today
we will be watching for trading opportunities around the news at 2:00pm EST.

Click here to see today’s Economic Calendar

Are any of these
Red-Star news events today?

No, none of the news events today are consider to be Red-Star
news, which means we will assume that price-action will need a push from
something today, perhaps reaction to the debt deal yesterday, or further
commentary from Fed officials about tapering.
Bottom line, without Red-Star news on the calendar we don’t expect big
moves in the market today UNLESS something interrupts today’s session. We will take profit-targets quickly and
conservatively until we establish a trend and then try to hold a runner.

Which markets will
be affected by this news the most today?

All of the markets we trade are moving today after news of
the debt deal, especially gold and currencies.

One market that stands out today is Crude Oil because we have
Inventories at 10:30am EST. We know that
Crude Oil tends to be challenging before the news, so we will stay patient and
wait for the news to be released and then find the new short-term trend and
trade along with it.

Look for Gold to react with volatility when we see the
Treasury Budget at 2:00pm EST today.

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Crude Oil Charts: