Other Data To Be Released Next Week Includes Inflation And Construction. Spending

Business, E commerce.

Unpredictable economy ahead - a new low for the us dollar, and a mixed bag of economic news, gave investors. few clues as to what the fomc might do next with the interest rate. More hints about the economy will. be revealed in the next few weeks, as 3rd quarter earning results are going. to start making their way to the market.

Concerns that the housing market ills could spill over into the broader. economy have heightened fears of recession. - while most traders were still enjoying the more then expected rate cut, others. are thinking that it' s not enough and are expecting another cut after the. next fomc meeting. Both are market movers, especially if the data is. weaker then expected. Next week, aside from the 3rd quarter earnings, we get the GDP, and the. consumer spending data. Other data to be released next week includes inflation and construction. spending. Companies tend to spend money on. construction when they see a bright future economically.

While not as big as the other two, inflation hurts the consumers spending, as. it robs their purchasing power, and construction spending is a leading. indicator of company' s optimism. - with all the data coming out next week, it almost assures a week of. volatility, with that in mind, i would like to talk about this weeks play. As a result, we will focus, this week. on the up or down options available at BetOnMarkets. com. When volatility spikes, no touch plays become less expensive, however that' s. because they are more likely to be hit. An up or down option allows the trader to specify a trigger on both sides of. the market, and win if either of those levels are breached. This weeks play is on the SP500, with a 44 point trigger in both directions, and a 20 day term, potentially yielding 7% ROI

Unlike its one. touch counterpart, in this situation you don' t need to choose a direction.