While the market place is awaiting the U.S. Federal Reserve’s FOMC minutes release on Wednesday afternoon. The minutes will be from the October meeting, and as always traders and investors will be looking into the report for any fresh clues on Fed monetary policy moves upcoming.
Fed Chairman Ben Bernanke had gave a speech on Tuesday night, in which he extolled the virtues of continuing an easy U.S. monetary policy. This remarks were not surprising and the markets were virtually unfazed by the outgoing Fed chief’s comments.
There is also other important U.S. economic data due for release Wednesday, including the consumer price index, real earnings, retail sales, manufacturing and trade inventories, existing home sales, and the weekly DOE liquid energy stocks report which are Traders or Investors would like to looking into it.
Thus the volatility is there. It is better to be stand out of the market to watch out before entering the market.
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