What's new on the market today?

hello Traders,

Today, in front of the most important data (this in the previous post) on the market attracted a lot of information. The most significant were:

Germany - industrial production (August): 1.4 m/m; expected 1.0% m/m, previously -1.7%  m/m (revised to -1.1%)Industrial production w.d.a. (working-day adjusted): 0.3% (y/y), expected -1.4%, previous -2.2 (revised to -2.2%)Positively shocking increase in production for August Germany mainly owe the automotive market. Car production has increased during the period by up to 13.6%.

Today we also announced earlier Evans statement (FED). After his speech the main conclusions can be drawn:

- Supports an increase in purchases under QE3!

- GDP growth in the U.S. is not strong wystrarczająco

- unconventional monetary policy turns out to be helpful

Charles Evans is extreme dove, so his words are not a big surprise.

Today at 21:00 Polish time, President Obama is expected to announce his appointment as head of the Fed chair - the most important financial institution in the world. At least proclaim market rumors, while adding that there will be a surprise: Janet Yellen will be nominated.

regards,

oscarjp