July 12, 2012
- in Uncategorized by schooloftrade
Economic News Prep for Traders
800am EST
We begin our formal routine this morning with the economic
news review.
news review.
What happened
overnight? Fed Meeting Minutes mentioned further
stimulus, which caused a bearish reaction to most of the markets we trade. News from Europe overnight was positive, and
the markets will tell us this morning if that positive news is still in play
today.
overnight? Fed Meeting Minutes mentioned further
stimulus, which caused a bearish reaction to most of the markets we trade. News from Europe overnight was positive, and
the markets will tell us this morning if that positive news is still in play
today.
What’s on tap for
today? We have ECB’s President Draghi speaking at
800am and Jobless Claims are threatening to have a third week of higher
readings. This tells us to get ready
early this morning.
today? We have ECB’s President Draghi speaking at
800am and Jobless Claims are threatening to have a third week of higher
readings. This tells us to get ready
early this morning.
What
do we have later today and tomorrow morning? 2:00pm EST
this after we have Fed Budget Statement, and we assume traders will leave for
lunch early, so they can be back to read this news. This also tells us that we need to be keeping
an eye on the time today, anything after 1100am EST today MAY be too sloppy
without much volume ahead of this news.
