AWARDS

Market Review By TraderXP: 

The euro is set to rise to its highest level against the dollar in more than a year after breaking of the so-called resistance, Credit Suisse AG said, citing trading patterns.
Violation of $ 1.3309 resistance zone opens an advance for a common currency by 50 percent Fibonacci level of $ 1.3493 and eventually to $ 1.40, Credit Suisse analysts including Christopher Hein wrote in a note today, the level last touched in October 2011. He is currently continuing through the completion of a long-term invertedhead and shoulders reversal pattern in December, they wrote.

August 12, 2013 - Binary Options Daily Market News

Asian stocks rose after China's real estate developers, energy and raw materials increased. (Hang Seng up 1.7%), Japan's quarterly GDP fell by 0.6%, according to the economy fell more than expected following parts and low volume decreased. Better-than-expected data on service industries and trade of the United States added to speculation that the Fed could reduce the incentive for U.S. stocks fell all week due to this.

The oil was boosted by China's industrial production grew by 9.7% and positive data on retail sales.

Today, market events:

08:15 GMT: CHF - Retail y / y - measuring changes in total sales, adjusted for inflation, retail. It's a leading indicator of consumer spending, which makes up the bulk of the total economic activity.

19:00 GMT - Balance the federal budget - measures the value of the difference between revenue and expenditure of the federal government during the reference mēnesī.Pozitīvs sign indicates a budget surplus, a negative sign indicates a deficit.

March 7, 2014 - Daily Market Analysis

Today Hot Property: USD, CAD

Today nonfarm Payrolls figures will be released from the U.S. which measures the change in the number of newly employed people , excluding the farming industry . Important indicator of economic activity is employment and so this event is highly anticipated by investors. The latest figures from the U.S. market has more ambition and the last two have been reported NFP also well below expectations . Winter storms have been battling with the U.S. and the market is not sure if bad data is a result of economic slowdown or due to bad weather . Janet Yellen , the new head of the Federal Reserve, has assured the markets that the weakness in employment is weather- related and so today's NFP release will be watching closely . If the data is again lower than expected Fed may decide to pause in their meeting next tapering . Yesterday , the U.S. released surprisingly positive initial Jobless Claims figures to bring some hope to the market. This came after Beige Book showed that in most regions , the economy grew last month. For this reason U.S. stocks gained , S & P 500 closed 0.17% higher and the Dow Jones closed 0.38% higher. Asian stocks were mixed . Nikkei get 0.92 % as yen continues to fall against the dollar following positive Jobless Claims data and Hang Seng declined 0.19% . European stocks have started the session in negative numbers . ECB maintained interest rates at 0.25% yesterday as stronger inflation and economic output to reduce the demand for leaders to take action.

WTI crude is rising following better than expected U.S. data . It also gained after President Obama said that the pressure will rise on Russia to support sanctions under the Ukraine and more can be delivered . Gold climbed yesterday after European officials urged the international community to take a tougher stance against Russia - to increase tension in the region. Yellow metal also moved up in anticipation of today's nonfarm Payrolls data . Traders will be to use the results to try and determine how the Fed to continue with monetary policy .

Today Main Events :

13:30 GMT: CAD - Jobs Language -point change in the number of people employed . Employment is a key indicator of consumer spending

13:30 GMT: USD - nonfarm Payrolls - a step change in the number of employed people during the previous month , excluding the farming industry . Employment is the foremost indicator of consumer spending , which accounts for the majority of economic activity .

13:30 GMT: USD - unemployment rate - measures the percentage of the labor force that is unemployed and actively seeking employment during the previous month .

17:00 GMT: USD - FOMC Member Dudley Speaks - Due to talk about economics in Brooklyn College, in New York

Market Review By TraderXP: 

Gold rally this year and to rise further in 2014, the U.S. Federal Reserve policy producers are likely to support the purchase of assets for two years to support the recovery, according to Morgan Stanley.
Gold was the biggest quarterly drop since 2008 in the final three months of last year, data showed recovery largest economy is gaining momentum, increasing concern the Fed may reject stimulus. Minutes from the December meeting of the Federal Open Market Committee, released on January 3, said asset purchases is likely to end this year. Each month, the Fed pledged to buy $ 85 billion of Treasury bonds and mortgage debt.