The Traderszone Network

Firmer tone but delicately poised
– DAX futures flat
– CAC40 +0.2%
– FTSE -0.1%
Shanghai Comp Index closes down -1.7%

Data just out but not

 a real price mover
Also out, Sept
German import price index 
– mm -0.7% vs -0.2% exp vs -1.5% prev
Euro still treading water

The FOMC loom ever larger so what’s on your hit-list?
More hype and bluster from Yellen & Co, or do they finally deliver? More talk, and talk ?
I’m still very much in the hold camp, but how are you playing the much-hyped event ?

Economists have warned a lack of upward price pressures for the commodity will last at least another two years.

Here’s what the DTCC have listed at the moment
– USDJPY 120.15-20 (300m)
– EURUSD 1.1000 (EUR 567m)
– EURJPY 134.00 (EUR 440m)
– GBPUSD none
– AUDUSD none
A very thin list today perhaps reflecting the fact that, just a few hours after expiry time, we get the FOMC decision

The Federal Reserve is expected to keep interest rates unchanged on Wednesday and may struggle to convince skeptical investors it can tighten monetary policy before the end of the year in the face of U.S. and global economic headwinds. The world’s most powerful central bank hasn’t hiked rates in about a decade and markets see virtually no chance it will do so at the end of this week’s two-day policy meeting. The Fed is scheduled to announce its rate decision at 2 p.m. ET (1800 GMT).

Then there is David Novak, executive chairman of YUM Brands (YUM.N), the conglomerate that runs Taco Bell, Pizza Hut, and KFC outlets. Novak’s total retirement holdings, including deferred compensation, are worth $234 million – more than any other Fortune 500 chief executive. Novak tops the list of Fortune 500 CEOs with the largest retirement nest eggs, according to a study from two progressive think tanks – the Center for Effective Government and the Institute for Policy Studies.