Learn the trade here. Make it on tradeMONSTER

Options Trading News

May 22, 2013  Wed 1:47 AM CT

XLF: SEE CHART GET CHAIN FIND STRATEGIES
Today's main event is Ben Bernanke's visit to Capitol Hill.

Traders are likely to monitor the Federal Reserve chairman's comments carefully for clues on a potential reduction in monetary stimulus. His appearance begins at 10 a.m. ET.

There are other headlines in the session. The Mortgage Bankers Association reports weekly home-loan applications at 7 a.m. ET, followed three hours later by existing home sales for April.

Weekly crude-oil inventories come out at 10:30 a.m. ET, and the Fed will release minutes from its last meeting at 2 p.m. ET.

The overnight session will also be busy, with manufacturing data expected from China, Germany, France, and the Eurozone before trading resumes in the United States Thursday morning.
Share this article with your friends


Related Stories

XLF

Cramer: New bank rules? Seriously?

September 11, 2014

New rules for banking? On top of the old ones? Are you kidding me? That's what we are hearing from the Fed, a surcharge with fatter cushions is needed to further eliminate too-big-to-fail issues.

Premium Services

Free Webinars

Swing Trading w/ Jon Najarian and Ron Ianieri

Education & Strategy

Make your rules, and stick by them!

New traders often act on the recommendations of others or on gut feel. But that is a quick way to...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER