Wednesday, July 30, 2014

Strong Economic Data Will Push Interest Rates Higher - FOMC Will Not Spook the Market



One Option Trading Blog http://ift.tt/1qmGjOi Posted 10:30 AM ET - This is a critical day for the market. Major news releases will impact trading. This morning, GDP came in at 4%. That is a remarkable recovery given that it was down 2.9% in Q1. This number could be a little too good. Traders will start to worry that strong economic activity will push interest rates higher. Since the open, the market has drifted lower. ADP said that 218,000 new jobs were created in July. That number was in line with expectations and it is down from 288,000 last month. This was a perfect number ("not too …


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