DAX SHORT TERM TRADER: Considering going short if proper bearish candles form.
DAX POSITION TAKER: Square.
Fed’s Board of Governors September Minutes
Of its 8 regular meetings per annum, September 19th’s were predictably vague. What is perhaps more interesting is the level to which they gauge market opinion. The manager of the System Open Market Account (SOMA) reported on market developments: yields on long term treasury securities dipping a little, the value of the dollar declining, and equity prices increasing. ‘Survey responses suggested that the vast majority of market participants expected the FOMC to announce a change in SOMA reinvestment policy…and that nearly all market participants anticipated that the FOMC would also leave the target range for federal funds unchanged’.
Today is Spanish National Day and a holiday. In La Palma, one of the Canary Islands, there have been 50 tremors this week – mini-earthquakes – known as a seismic swarm. These are being monitored by the islands’ vulcanological institute, looking for potential lava flows from Cumbre Vieja which last erupted in 1971.