Market Review By TraderXP

The yen rose against all 16 major peers as Asian stocks fell, and the struggle between U.S. lawmakers to reach budgetconsensus boosted demand for safer assets.
Japan's currency advanced to a week high against the dollar after the U.S. Senate majority leader Harry Reid said he was "disappointed" at the lack of progress in discussions to avoid the so-called financial cliff.

 

Market Review By TraderXP

German stocks advanced for a second day, extending a three-week high, as U.S. Speaker HouseJohn Boehner said he was "optimistic" budget talks with President Barack Obama will continue.

 

July 18, 2013 - Binary Options Daily News

 

Crude oil rose as U.S. stockpiles are shrinking. Price already climbed above $ 106/barrel which is more than $ 10/barrel increase since mid-June. Price above $ 107/barrel was more than a year since April 2012.

 

European stocks are something falls in the begging of the European session. Asian market shows mixed results, the Nikkei rose 1.21% and Hang Seng fell 0.60%. North American stocks ended yesterday.

 

Today's main events:

 

08:30 GMT GBP Retail Sales m / m - Change in the total value of sales at retail. It is the primary indicator of consumer spending, which accounts for the majority of overall economic activity.

 

12:30 GMT U.S. initial jobless claims - initial jobless claims measure the number of individuals who filed for unemployment insurance for the first time during the past week.

 

14:00 GMT USD Fed Chairman Bernanke Testifies - Thanks to testify semiannual report monetary policy report before the House Financial Services Committee. As the head of the central bank, which controls interest rates, he has more influence over the country's currency value than any other person.

 

14:00 GMT USD Philadelphia Fed Manufacturing Index - diffusion index based on surveyed manufacturers in Philadelphia. Survey of about 250 manufacturers in the Philadelphia Federal Reserve district which asks respondents to rate the relative level of general business conditions.

 

Market Review By TraderXP

Australia's dollar declined against most of its major peers amid speculation the nation's central bank will lower interest rates next week to shield the economy from a slowdown in mining.

 

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