10/07/2014 - July Daily Review
- Mark Densel
- Hits: 1655
July 10, 2014 - Daily News Market
Today Hot Property: EUR, GBP, USD
FOMC meeting minutes were released yesterday. Meeting showed that the Fed plans to end quantitative easing at its meeting in October, reducing it to $ 10 billion each month. He also said that despite significant improvements in data work, do not plan an increase in interest rates for a significant amount of time. This was taken as a bullish signal to investors and prices rose. U.S. stocks rose modestly in session around S & P 500 was 0.46% higher and the Dow Jones was 0.47% higher. Asian stocks were mixed. Nikkei lost 0.56% following machinery orders data based on which fell by 20%. Hang Seng added 0.27% as followed the direction of the U.S. market, brushing off the negative trade data from China. European markets are down for five days before England's interest rate decision from being released at 11:00 GMT. Currently, XETRA is down 1.42% while France's CAC 40 is off 1.36% and London's FTSE 100 is lower by 0.73%.
WTI crude has fallen very, falling below $ 103 / barrel. Although inventory data from the EIA was negative, showed a lower than expected drop in supplies. Oil fields in Libya also resumed production to increase supply and push prices down. For now, the movement is sideways. Gold went up after FOMC minutes as investors welcomed the news that interest rates will not be available. Support has been added that India's finance minister kept dealing with imports, limiting supply and raising prices. In addition to the metal reached a level of resistance to movement can be attributed to technical trading.
Today Main Events:
08.00 GMT: EUR - ECB monthly statements - contains data that policymakers evaluate when setting interest rates
11:00 GMT: GBP - Interest Determination - Bank of England (BOE) members of the monetary policy committee to vote on where to set the standard. Traders watch interest rate changes interest rates for almost as long term is the primary factor in currency valuation.
12:30 GMT: USD - Initial Jobless Claims - measures the number of people who filed for unemployment insurance for the first time in a few weeks ago.