Lots of Scheduled News On and Off the Calendar
FOMC Statement Awaits on Wednesday
Although no interest rate change is expected, the accompanying statement from Bernanke and the Fed will be scrutinized for signs of Future Policy Insights. Expectations for a Rate Hike by December and insights on the Quantitative Easing policy may have market moving consequences.
Live Coverage - 1st on Forex Webinar will be broadcast on FX Street - register below.
Economic Contraction Continues
On Thursday the US GDP will be report on the current economic status. The current consensus number is expected to show -5.7% growth.
Live Coverage - 1st on Forex Webinar will be broadcast on FX Street - register below.
Euro Under Pressure?
EURGBP - 60 Min Chart Above (click to enlarge) Sports a Head and Shoulder pattern in play and grinding towards completion of the pattern target of approx 0.842
Three “1st on Forex” Webinars This Week - Register for free access
· The Week Ahead - Every Monday 12 Noon EST (16:00 GMT) - Click Here to Register
· FOMC Announcement - Wed 1:30pm EST (13:00 GMT)- Click Here to Register
· US GDP Report - Thu 7:30am EST (13:00 GMT) - Click Here to Register
Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients Click Here for a Free Self Evaluation Survey.
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