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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UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. June 10 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. June 10 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
* Tues. June 16 @ 8:30 am ET ~ Core Retail Sales & Retail Sales
* Wed. July 1 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Fri. July 3 @ 8:30 am ET ~ Employment Data
* Wed. July 15 @ 2:00 pm ET ~ Beige Book Report
*** Click here for link to Economic Calendars for all upcoming events