Forex Trading Education Alerts Forecasts Signals Strategies Software Seminars Webinars
October 30, 2014 - Focus on German Unemployment and CPI as Fed Ends QE
Trading the News Profitably
Fed ends QE3 and adds more hawkish notes to its statement;
Market reaction to hawkish Fed not as bad as it could have been;
German unemployment seen rising for fifth month in six;
Latest German inflation numbers accompany US jobs data this afternoon.
With the quantitative easing program now behind them, the Federal Reserve may be fully focused on that first rate hike and coming across a little more hawkish in its language, but that doesnít appear to be concerning investors as much as you may expect.
The decision to end its third round of quantitative easing came as absolutely no surprise to the markets, despite arguments in recent weeks from certain officials that the final taper could be delayed or the program even increased. In reality, to do so would have been pointless and I think these comments were largely made to quell the excessive market volatility we were seeing and stop the panic selling that was making people lose all perspective.
Despite returning back near to the levels that led to the panic selling, the markets appear to be in a much happier place at the moment, even though nothing has actually changed. The Fed got away pretty much scot free last night despite adding clear hawkish elements to its statement. References to the substantial improvement in the labour market and the broader economy, along with the hawkish tone on inflation, did not go unnoticed by the markets and we US indices did reverse gains to end lower, while US Treasury yields rose, the dollar appreciated and Gold fell. This is all consistent with a more hawkish Fed but still, these moves were only small and could well be reversed today.
Maybe the Fedís decision to leave its commitment to keep rates low for a considerable amount of time in the text was enough to offset the more hawkish comments elsewhere. I would say this doesnít really change anything from the Fedís perspective and that the first rate hike is still likely in the middle of next year, based on current data. The biggest factor may now well be the path of inflation in the coming months, with other countries similarly facing a disinflationary environment.
This morning attention is going to be back on the data with a selection of numbers being released for the euro area. The latest labour market data for Germany is expected to show the unemployment rate remaining at 6.7%, which is still extremely low when compared to its fellow eurozone countries, while the number of those unemployed is seen rising for a fifth month in six, by 5,000. This may be marginal but itís also a worrying trend and clearly highlights the weakness in the economy right now.
The rest of the data is not viewed as being particularly notable from a markets perspective, simply because the reaction tends to be muted. However, I still think itís worth paying attention to, particularly the October sentiment surveys for the eurozone. We may have learned all we need to know from the PMI readings last week, along with other surveys that have been released since, but these provide detailed insight into what areas of the economy are more confident going into the holiday season and those where issues could arrive. Unfortunately, weíre expecting a decline in most of the surveys, with only consumer confidence improving slightly. While this will help, businesses are clearly not as optimistic.
This will be followed this afternoon by some US growth and jobless claims data, as well as inflation numbers for Germany. We saw earlier this week that import prices rose in September which could mean more inflationary pressure in the coming months. As of yet, that is not expected to be the case with forecasts still suggesting that consumer prices will fall this month by 0.1%, although on an annual basis this brings CPI inflation up to 0.9%.
By Apari Forex
Click the Links Below to Review Forex Education Courses, Signals, and FX Brokers
Van Tharp Institute
Investing Trading Home Study Programs & Live Seminars Workshops
Dedicated to cutting edge, high quality professional educational investing trading programs for traders and investors providing a road map for financial freedom. The finest investing trading education in the financial universe. Dr Van Tharp is one of the orginal Market Wizards, and referred to as the Traders Coach.
Steve Nison Candlecharts Forex Candlestick Charting Training Mega-Course
NEW candle pattern insights, such as the order of power of candle signals so you'll know how much confidence to have in any candle setup. NEW trading psychology revelations, lets you quickly and accurately read the market's message to accelerate your analysis. NEW simple-to-follow systems, like my simple 5-Step Trading Checklist to give you a step-by-step method of maximizing your opportunities for success. Candlestick Trading System for Beginners to Pro-Traders. It doesn't matter if you're a complete beginner or pro-trader. These new DVD Training Programs will give you the Simple Candlesticks "4-Step Success System"
Nison Forex Academy
The Best Way to Combine Candlesticks and FX
Discover the secret strategies in this first-ever online training course focused on Forex and candlesticks. Eliminate the FX Profit Leakers from your trading. VOLUME 1: Building the foundation of your candlestick knowledge with FX. VOLUME 2: Expanding your expertise by adding Western indicators and trade management to candlesticks. Steve helps you put these strategies into practice during a LIVE FX trading session. Perfect for those new to candlesticks or those who want to trade FX more profitably by making sure they are using candlesticks correctly. No need to travel, learn from the comfort of your own home or office!
Track n Trade Live Forex Bulls Bears Signals
Bulls 'n Bears. Proprietary formula generates user-definable Buy/Sell signals. Red Light/Green Light system identifies trends. Ribbon indicator displays trend strength. Advantage Lines. Japanese Candlestick Auto-Recognition. Automatically identify and catalog candlestick formations. User-Definable Buy/Sell Signals with candlestick patterns. Apply external filters to help eliminate unwanted or overly aggressive signals. Autopilot forex trading. Back-test your favorite systems. Any changes to settings update automatically on-the-fly.
How To Trade Forex with the Elliott Wave Model
How to identify trends and countertrends across multiple time frames using the Wave Principle. How to spot high-confidence trade setups in both bull and bear markets. How to put your trade plan into action -- including your entry, exit, targets and stop levels -- with high confidence using Elliott wave and Fibonacci relationships. How to manage risk with the Wave Principle's built-in rules and guidelines. How to use mainstream news and cross-market analysis to give your forex trading a unique advantage.
Forex Trade Alert Software
Forex Income Engine Day-Trading Alert Software
Forex Profit Multiplier 4HR Bars Trade Alert Software
Forex Profit Accelerator End-of-Day Trade Alert Software
Stock Market Mastery Course
Instant Options Income Advisory Service
Portfolio Prophet ETF Trade Alert Software
Alpari Forex (FX) Brokers Online Forex Trading Company
You can trade forex, CFDs, precious metals and spread bet with Alpari UK, a leading global forex (FX) broker.
Online Forex Trading Platform and Award Winning Forex Broker AvaTrade
Trade Currencies, Commodities, Indices, Equities, and Bitcoin too now from one screen with AvaTrade and MetaTrader the industryís most powerful and flexible trading platform. Trade with Confidence: Safety of Funds, Regulated Broker, Award Winner, Worldwide Branches, Established Broker. Trader Advantages: Fixed Spreads, New Account Bonus, 24/5 Support, Risk-Free Demo Account, Start Trading from $100. Free Education Knowledge Training: Free Video Tutorials, Free Webinars, Online Trading Course, Forex Trading eBook, Market Analysis.
BitCoin Digital Currency
Bitcoin Peer-to-Peer Payment System & Digital Currency