Forex Marketz Daily Forex News – Fully Markets Update
Good morning and welcome to CupO’Forex. This is your daily video analysis for Wednesday, September 24, 2014.
Overnight US markets bled red on global concerns. Both the Nasdaq and the S&P 500 are at five week lows. Asian markets today are mixed on the same global economic data.
We do have some economic news coming out of the United States today. At 2 pm (GMT) we will get new home sales and mortgage data. Later on this afternoon at 4:05 pm (GMT) another FOMC member is slated to give a speech. Earlier this morning, Germany is slated to come out with a whole slew of IFO numbers. Germany’s economy has been showing signs of slowing. While the IFO numbers are usually not high impact data, they should spark some interest as investors are already a bit jittery with the European Union and its inflation concerns. They also have serious concerns over stagnating growth.
Have a great day trading!