The Week Ahead – FRB Federal Reserve Bank’s quiet period or Blackout period is over

The FRB Federal Reserve Bank’s quiet period or Blackout period is over, The Fed members are again, free to entertain speaking engagements. If you remember last week, Chairman Powell and the FOMC (Federal Open Market Committee) announced the expected .25 rate hike.

The President’s State of the Union address is tonight @9 P.M. EST, 8 P.M. CST. Although you should be able to view his speech on any of your favorite news outlets, we don’t expect any market changing announcements of substance. Be on the ball if there is.

Tomorrow we have a few different members speaking throughout the day.

We also have WASDE report which can really move markets like beans, wheat, corn and other grains.

On the jobs front we do have a jobless claims report, pre market on Thursday at 7:30 a.m. CST. Finally for the week,

Plan your trade and trade your plan. 

What a difference between Monday and Tuesday if you are a day trader of markets like ES, NQ, MNQ etc…..

Monday we saw some large moves, both up and down with good volume, then Tuesday came and we witnessed a consolidation, narrow range and lower volume.

Many times large trend days will be followed by narrow, range bound trading days.

Also volatility tends to cycle, higher volatility periods, followed by lower volatility. Obviously not an exact science but some observations.

So what you may ask? Knowing the type of environment you are trading is is VERY important as different styles, trading methods and money management techniques will work quite different in volatile days versus low volatility days, strong expansion trending days vs. range bound trading days etc.

So the sooner you can asses the type of trading day you are in and utilize the proper weapons from your arsenal, the better off you will be – in my opinion……

Plan your trade and trade your Plan 

Big day ahead tomorrow – Highly anticipated CPI report and more!

Heads up: along with the regularly released Labor Department’s Initial Jobless Claims, which measures the number of individuals who filed for unemployment insurance for the first time during the past week, tomorrow we’ll be apprised yet again of the inflation situation here in the U.S. with the release of the Bureau of Labor Statistics’ Consumer Price Index Report, which measures the prices paid by consumers for a basket of consumer goods and services – more than 200 categories of items among food, housing, apparel transportation, medical care, recreation, education and communication – from airline fares to x-ray machines. The report is released at 7:30 A.M., Central Time. The corresponding Producer Price Index will be released this coming Wednesday, Feb., 18.

Also tomorrow, the USDA will release its Crop Production Report along with the World Supply/Demand report. The report is released monthly, and provides annual forecasts for supply and use of U.S. and world wheat, rice, coarse grains, oilseeds, and cotton. Both are released simultaneously at 11:00 A.M., Central Time.

  Trading Resource of the Week – “Trading Around Key Economic Reports” FREE Course

In this “Trading Around Key Economic Reports” FREE Course you will learn:

·    What is CPI?

·    About the Retail Sales Report

·    What is NFP ( non farm payroll) Report?

·    Understanding US housing Data

·    FOMC

·    Understanding Oil Data Report

·    Importance of Consumer Confidence Survey

Expand Your Trading Knowledge NOW!