Now that the Beige Book report is out and it shows that "Overall economic activity increased at a slow to moderate pace since the previous report across all Federal Reserve Districts, except St. Louis, which reported a decline in economic activity," will we see a stabilization of price fluctuation on the YM, ES, NQ & TF Daily charts (see my post below)? And will we see a Xmas rally, or will the markets demand something more from the Fed and world politicians to inject further confidence? Time will tell...
You may read the entire Beige Book summary here: http://www.federalreserve.gov/fomc/beigebook/2011/20111130/default.htm
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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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UPCOMING ECONOMIC EVENTS...
* Fri. July 1 ~ Canada Day holiday...Canadian markets closed
* Mon. July 4 ~ 4th of July holiday...U.S. markets closed
* Wed. July 6 @ 2:00 pm ET ~ FOMC Minutes
* Fri. July 8 @ 8:30 am ET ~ Employment Data
* Wed. July 13 @ 2:00 pm ET ~ Beige Book Report
* Tues. July 26 ~ 2-day FOMC Meeting Begins
* Wed. July 27 @ 2:00 pm ET ~ FOMC Announcement
* Tues. Sept. 20 ~ 2-day FOMC Meeting Begins
* Wed. Sept. 21 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference