Yesteday the US DJIA was down 64 points. The US new home sales fell by a larger-than-forcast 13.4% in July, the largest decline in more than 3 years.
The weak data added to uncertainty over whether the Fed will start to taper its USD85 billion-a-month asset purchase program next month.
So all eyes n ears will be on Fed Res next meeting scheduled on 17 (Tues) & 18 (Wed) Sept 2013 which shall dictate the direction of the global mkts. Good Luck.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
hiddengem
1,186 posts
Posted by hiddengem > 2013-08-27 07:09 | Report Abuse
Yesteday the US DJIA was down 64 points. The US new home sales fell by a larger-than-forcast 13.4% in July, the largest decline in more than 3 years.
The weak data added to uncertainty over whether the Fed will start to taper its USD85 billion-a-month asset purchase program next month.
So all eyes n ears will be on Fed Res next meeting scheduled on 17 (Tues) & 18 (Wed) Sept 2013 which shall dictate the direction of the global mkts. Good Luck.