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Good morning and welcome to another trading day! Rejoicing after the sharp decline of Crude Oil? is the big oil suppliers shaking in their boots? Is the overall world economy going to improve! What to do! What to do!
Let’s cover some news from the Asian News Session and some from the US one as well!
United States:
Crude Oil Watch: $134.90 a Barrel on the Electronically trading New York Mercantile Exchange!
National Home Builders Association’s housing Market Index has decreased from 18 to 16.
The Federal Open Market Committee Minutes were primarily composed about all things interest rates. A few members of the FOMC are in full support of increasing interest rates, to stem off inflation worries. Also in the report, was their expectation of inflation reaching a moderation point sometime next year.
This morning, in the European Market Session, we are looking at only a couple reports and a very busy day in the US market. around 800 GMT, we will have numbers from Italy pertaining to Trade Balance, and Switzerland will have ZEW (way too long to pronounce, lol!) Expectations at 900 GMT.
I have at least ten releases to talk about in the US Market session later on today.
Have a good one and TRADE ON!!!
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