PROVEN RESULTS

November 26, 2013 - Daily Market News

Today's Hot Asset : GBP, USD

A nuclear deal done with Iran this weekend in Geneva. The agreement gives Iran the opportunity to revive its oil exports in exchange for stopping the nuclear activities. Penalties will also be facilitated on car parts and gold. U.S. stocks ended mixed as investors continue to react to the news and data came out lower than expected. S & P 500 closed 0.13 % lower and the Dow Jones closed 0.05 % higher. Asian stocks fell as the focus comes back to tapering and that the meeting minutes of the Bank of Japan showed concern over inflation. Nikkei closed 0.67% lower and the Hang Seng closed 0.01 % lower. European stocks opened mixed before U.S. data later in the day

WTI fell sharply after the nuclear deal because it could lead to increased supply of Iranian crude reaches the global market. During the Asian session, the price rebounded since there seemed to be an overreaction and as investors await data on crude stocks later in the day . Gold climbed yesterday after U.S. data came out below expectations ( husförsäljnings decreased by 0.6%) . Investors focus on all economic data that was released for clues as to when monetary policy can be reduced. Physical demand also picked up , especially from China, because the price was so low and reached oversold levels .

Today's Main Events :

10:00 GMT : GBP - BoE Gov Carney Speaks - As head of the BOE 's Monetary Policy Committee (MPC ) , which controls short term interest rates , Carney has more influence over sterling value than any other person. Traders scrutinize his public office for clues regarding future monetary policy .

13:30 GMT : USD - Build - measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market .

13:30 GMT : USD - Housing Starts - measures the change in the annual number of new homes that began construction during the reporting month . It is a leading indicator of strength in the housing sector .

15:00 GMT : USD - CB Consumer Confidence - measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays an important role in overall economic activity. Higher readings point to higher consumer optimism .

Market Review By TraderXP: 

Oil fell for the first time in six days on concern that U.S. lawmakers will fail toavert financial crisis after the House Republican leaders canceled a vote for higher taxes for top earners.
"Oil has been bulled all week on hopes that the U.S. intends to solve the problem and now it seems that there is no quick fix," said Addison Armstrong, director of market research at Tradition Energy in Stamford, Connecticut. "We have little time, and that is on the market spooked."

July 31, 2013 - Two Options Daily Analysis

All markets await the FOMC meeting 6.00PM (GMT). The EUR / USD is increasing and almost reaching the first resistance level of 1.3308. In the Eurozone CPI 9.00AM the release with respect to tomorrows ECB meeting it well seeing.

The Asian stock is mixed. Nikkei 225 opened 1.45% and Shanghai SE is 0.19% increase. European stock began to profit. The FTSE 100 is adding 0.69% DAX 0.02% increase despite disappointing retail sales information.

Crude dropped $ 103.00/barrel yesterday. U.S. GDP data as well as the China Manufacturing PMI pondering the price now.

Now major events:

12:15 GMT USD ADP Non-Farm Employment Change - estimated change in the number of people used in the past month, excluding the farming industry and government. Job creation in the world is an important early sign of consumer spending, which accounts for a majority of overall economic activity. ADP provides payroll services to U.S. corporations, and analyzed information from 400,000 customers to derive employment growth Estimations.

12:30 GMT USD Gross Domestic Product (GDP) is a sufficient number of market value of all officially recognized last things and services more in a country in a period of time. This is the broadest measure of economic activity, and one of the first indicators of economic health.

18:00 GMT USD FOMC Statement - This is the first instrument FOMC used to talk with investors about monetary policy. It contains the results of their votes on interest rates and other policy measures.

Market Review By TraderXP: 

Gold rose in Tokyo for the first time in four days, as the incoming Prime Minister Shinzo Abe, the pressure on the central bank to raise its inflation target, increasing demand for bullion as a safe haven.