TeamDayTrader.com is always working hard for Day Traders to create the best Day Trading Community for you!
“For Day Traders – By Day Traders – Meet Your Peers“
By reading/watching any of the information you are acknowledging and accepting our
Ahead of the coming week, Team Day Trader has compiled a list of 3 major events on the economic calendar in which we believe are most likely to affect the market this week. Financial market participants should focus on Trade talks between the United States and China are likely dominate market headlines in the week ahead following reports that the two countries are reportedly working on a plan to end their ongoing trade dispute. U.S.-Sino trade-war fears have been simmering for months, keeping market gains in check with investors jittery over the prospects of further escalation in tensions between the world’s two largest economies having an impact on economic growth.
The turmoil in Turkey, where markets are closed for most of the week for Eid al-Adha, could also remain a focus amid ongoing jitters over a currency crisis there due to a deepening diplomatic rift between Washington and Ankara.
Meanwhile, global financial markets will be fixated on the annual meeting of top central bankers & economists in Jackson Hole, Wyoming, where Fed Chairman Jerome Powell speaks Friday.
There is also the release of the minutes from the Federal Reserve’s last meeting on Wednesday.
1. U.S.-China Trade Talks
A nine-member delegation from Beijing, led by Vice Commerce Minister Wang Shouwen, will hold meetings with U.S. officials led by the Treasury undersecretary, David Malpass, in Washington on Wednesday & Thursday. The lower-level trade talks offer financial markets a glimmer of hope that the globe’s two largest economies could end trade tensions.
Chinese & U.S. negotiators are reportedly working on a plan to hold talks to end a trade dispute that would result in meetings between President Donald Trump & Chinese leader Xi Jinping at a summit in November, the Wall Street Journal reported on Friday.
2. Jackson Hole Summit
An annual meeting of top central bankers and economists hosted by the Federal Reserve Bank of Kansas City in Jackson Hole, Wyoming, is set to take place from Thursday to Saturday, with a keynote speech from Jerome Powell in the spotlight.
Fed chair Powell is due to deliver a speech titled “Monetary Policy in a Changing Economy” at 10:00 am EST on Friday.
3. Fed FOMC Meeting Minutes
The Federal Reserve will release minutes of its most recent policy meeting on Wednesday at 2:00 pm EST. The U.S. central bank held interest rates unchanged as was widely expected following its meeting on August 1 & gave an upbeat assessment of the world’s biggest economy, staying on course to gradually lift interest rates.
The Fed has signaled to markets it will hike interest rates two more times this year, in September & December. Against this backdrop, the U.S. central bank is shrinking its balance sheet by allowing maturing securities to roll off its balance sheet without replacing them.
Hopefully helpful & stay up-to-date on all of this week’s action by visiting Team Day Trader’s blog Monday’s thru Friday’s, & on Sunday’s.
Your Support means so very much to us! We really try to give most of what we do for “FREE“, so we can help as many people as possible!
With a YouTube Channel sometimes it’s hard to interact with people on a more personal level, so we’ve created a Team Day Trader “Team Membership“. Now, you can Discover What You Need To Know About Setting Up & Running A Consistently Profitable “Stock Market Trading” Business, along with personal interactions with both Jason & Pete.
With that said, “We have great challenges & great opportunities, and with your help we’ll meet them together!” – Jason
Team Day Trader
Learn. Trade. Profit.
Click the image below to get a FREE copy of “A Trading Bible”…