October 21, 2013
- in Uncategorized by schooloftrade
Morning Prep 10/21/13; SchoolOfTrade.com
7:30am EST
Focus-Points this
morning:
morning:
· Traders prepare for un-released
economic news this week
economic news this week
· European Equity Markets coming off
their fresh all-time highs from last Friday
their fresh all-time highs from last Friday
· Japan’s September trade balance
registers 15th straight deficit, a record that dates back to 1979
energy crisis
registers 15th straight deficit, a record that dates back to 1979
energy crisis
· OPEC Spokesperson: ‘Oil Prices between $100-110 are acceptable
to both producers and consumers’
to both producers and consumers’
· Avg price of Gasoline in the US drops
to its lowest level in 9 months
to its lowest level in 9 months
· Gold is moving higher this morning
· Crude Oil is moving lower, below $100
first time since July 3rd
first time since July 3rd
· E-Mini S&P is higher this morning
· USD is higher against the Yen, Pound
and Euro
and Euro
Economic News on the
schedule today:
schedule today:
 |
| This Week’s News |
First Friday is now fourth
Tuesday for the September jobs report. Employment will be this week’s
highlight—especially as the Fed will get new numbers on the labor market ahead
of its October 29-30 policy meeting. Manufacturing has been mixed, meaning this
week’s durables orders report will be key for an update on this sector. Housing
has been wavering and the main reports will be existing home sales and FHFA
home prices. New home sales—originally scheduled for this coming week—have been
postponed due to the recent government shutdown.
Tuesday for the September jobs report. Employment will be this week’s
highlight—especially as the Fed will get new numbers on the labor market ahead
of its October 29-30 policy meeting. Manufacturing has been mixed, meaning this
week’s durables orders report will be key for an update on this sector. Housing
has been wavering and the main reports will be existing home sales and FHFA
home prices. New home sales—originally scheduled for this coming week—have been
postponed due to the recent government shutdown.
8:00am EST: Charles
Evans Speaks on CNBC
Evans Speaks on CNBC
10:00am EST: Existing
Home Sales
Home Sales
10:30am EST: Crude
Oil Inventories
Oil Inventories
11:25am EST: President
Obama Speaks re: Affordable Care Act
Obama Speaks re: Affordable Care Act
Existing
home sales came in at a 5.480 million annual rate in August consensus for 5.255
million. The monthly 1.7 percent gain was on top of July’s giant 6.5 percent
surge when “panic” over rising rates moved buyers into the market.
Another factor besides higher rates that is holding down sales is lack of homes
on the market, at 4.9 months at the current sales rate versus 5.0 and 5.1
months in the two prior months.
home sales came in at a 5.480 million annual rate in August consensus for 5.255
million. The monthly 1.7 percent gain was on top of July’s giant 6.5 percent
surge when “panic” over rising rates moved buyers into the market.
Another factor besides higher rates that is holding down sales is lack of homes
on the market, at 4.9 months at the current sales rate versus 5.0 and 5.1
months in the two prior months.
Crude Oil Inventories were
delayed last week due to the shutdown, and this morning we have the release of
last week’s news.
delayed last week due to the shutdown, and this morning we have the release of
last week’s news.
Charts coming shortly…
