PROVEN RESULTS

June 11, 2014 - Daily Market News

Today's Hot Asset: NZD

U.S. stocks little changed, remains at record highs. The S & P 500 lost 0.02% and the Dow Jones 0.02% to close at 16,945.92. In individual stock news, Apple Inc. rose 0.6% to a 7 - to - 1 split Ebay but lost 2.7% after reports their PayPal chief leaving Facebook to join. Asian stocks were mixed. The Nikkei 0.5% as the dollar fell further against the yen. The Hang Seng lost 0.25%, however, as the World Bank cut its forecast for global economic growth. The World Bank bag its forecast to 2.8% from a previous estimate of 3.2% amid a weaker outlook for Russia, China and the U.S. European stocks open lower as sentiment. Currently, the DAX is down 0.78%, while France's CAC 40 was down 0.66% and London's FTSE 100 was down 0.61%.

WTI Crude dropped slightly after the API reported that increasing Weekly Crude Stock. But the price is climbing again because of speculation the EIA will be a drop in stock later in the day at 14:30 GMT report. Traders are waiting for the start of the OPEC meeting in Vienna today. Gold went through a resistance level broken and climbed to $ 1,263 / ounce. Physical demand has increased, but the metal receives its major boost from the additional stimulus coming in Europe. No key data from the U.S. today so the price may be choppy.

Today's key events:

21.00 GMT: NZD - interest rate decision - The Reserve Bank of New Zealand (RBNZ) governor decides where to set the rate after consulting senior bank staff and external advisors. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

21.00 GMT: NZD - RBNZ Rate Statement - The Reserve Bank of New Zealand's rate statement is the primary tool the panel with investors about monetary policy communication.

21:05 GMT: NZD - RBNZ Gov Wheeler Speak - The press conference is about 30 minutes long and has two parts - the first in a prepared statement read, then the conference is open to press questions.

Market Review By TraderXP: 

Oil rose in New York for the unexpected drop in U.S. stocks, imports fell for the fourth time in five weeks, and oil consumption has increased.
Prices received as much as 1.2 percent after the Energy Information Administration, the statistical arm of the Ministry of Energy, said that stocks fell 951,000 barrels last week. They had to climb 2.2 million barrels, according to the median estimate of 11 analysts surveyed by Bloomberg. Consumption rebounded from the lowest level since March.

Market Review By TraderXP: 

IPhone maker turned to the full panel of judges in the U.S. Court of Appeals for the Federal Circuit to consider, at the same time, the two appeals seeking to block the sale of products Samsung, said that Apple, violate its patents. Panel of three judges usually hear appeals first, with all the court sometimes, when stepping in the broad legal issues need to be resolved.

August 9, 2013 - Daily Market News

The U.S. dollar is the 7 weeks low and why the EUR / USD has reached the highest price since June 19, Weakness of the dollar also helps the price of gold rises, so the price has gone from $ 1,285 / oz 1.315 U.S. dollars / ounce. Today, binary options traders can take a conference motion reversal and short-term stay in the U.S. dollar.

Asian stocks ended the week positive. The Nikkei rose 0.07%, the Hang Seng Index 0.59%. Major European indices have also started well. FTSE100 was added to 0.18% and 0.24% of the DAX.

The main events today:

8:30 GMT GBP Trade Balance - measures the difference in value between imported and exported goods and services during the maksua.Positiivinen indicates that more goods and services were exported to the ground.

12:30 GMT CAD Unemployment - The unemployment rate measures the proportion of the total labor force that is unemployed and actively looking for work during the previous month.