AWARDS

Market Review By TraderXP: 

Oil varies in New York after the biggest gain in a week. Sector report showed U.S. crude and gasoline inventories rose last week while distillate stocks fell.
"The U.S. is still somewhat weak in terms of demand," said David Lennox, an analyst at Fat Prophets in Sydney. "Their proposals are beginning to look a lot better in terms of oil and which may constrain prices. You do not want to be short of oil at the time because of geopolitical supply shock events that seem to ripple on the surface."

August 14, 2013 - Market News Daily

Asian trading volumes were low and Hong Kong trade has been canceled due to the typhoon caused Asian stocks rise for a fifth day. U.S. core retail sales advanced economies and expanding German and French at a higher rate than anticipated. Eurozone seems to be picking up. As a result, U.S. stocks are up and European stock futures also gained.

WTI rose after U.S. data and Libya would open its port main oil exporting today, but output has fallen after intermission. Gold is choppy trade as investors are still awaiting a decision on monetary policy, as all positive data adds to the case for the Fed to reduce monetary stimulus.

Euro gained after two German and French GDP grew by 0.7% and 0.5% respectively. The U.S. dollar index is also going up and signs suggest the Fed could start tapering in September which will be an opportunity for binary options trading.

Key events today:

08:30 GMT: GBP - MPC Minutes - a detailed record of the Bank of England's policy setting meeting, containing in-depth insights into the economic conditions that influenced the decision on where to set interest rates. Sharing vote rate of interest MPC members tend to be the most important part of the minutes.

09:00 GMT: EUR - GDP (QoQ) - measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. This is a broad measure of economic activity and the leading indicator of economic health.

12:30 GMT: USD - Core PPI y / y, m / m - measures the change in the selling price of goods and services sold by producers, excluding food and energy. PPI measures price change from the perspective of the seller. When manufacturers pay more for goods and services, they are more likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation.

17:20 and 19:15 GMT: USD - FOMC Member Bullard Speaks - Federal Reserve Bank of St. Louis President and Federal Open Market Committee (FOMC) voting member (March 2011 - present) James Bullard is to speak. FOMC members are responsible for setting the interest rate and their speeches are closely watched for indications on the future possible direction of monetary policy

Market Review By TraderXP: 

Google Inc. closed at a record high after reporting earnings last week that exceeded estimates, lifting investor sentiment about growth prospects.
Google is benefiting from growing demand as marketers seek to advertise on mobile devices and local services, areas where rivals such as Facebook Inc. and Groupon Inc. also sell advertising.
"In all areas of growth of online advertising, Google has a great presence", Sameet Sinha, an analyst at B & Riley Co, said in an interview. "Instead of choosing the best horse, but someone execution on all fronts."
Google Sinha prices to buy and does not own shares.

Jun 16, 2014 - Daily Market News

Today's Hot Property: EUR, USD

The escalation of tensions in Iraq brought the caution on the market late last week. U.S. President Obama said he would not send troops to Iraq and the oil is flowing normally. After the interruptions of the session, U.S. stocks closed higher, but still posted losses for the week. At the session close to the S & P 500 was 0.31% higher, while the Dow Jones was 0.25% higher. Asian shares turned lower today. The Nikkei lost 1.09% as the dollar remained below the level of 102 yen as the yen gained as a safe haven asset. Hang Seng fell 0.13% as the oil-producing advanced and investors sold shares. European shares fell at the open, as traders continued to monitor developments in Iraq. Currently, shares in Germany's DAX falling off as 0.20%. The FTSE 100 fell 0.05%, while the CAC 40 in France was unchanged.

WTI crude prices are advancing as Iraq inches closer to civil war. Iraq has the second largest oil producer in OPEC and the conflict threatens to exit. So far, oil production in the south was unchanged and the EIA said last week that inventories are not in immediate danger. However, the increase shows investors do not feel safe if the violence does not spread, we could see prices go as high as 116/barrel. Gold prices gained nearly 2% on the back tension. As a haven asset, events in Iraq, giving the metal a boost. Traders should watch the U.S. data to be released throughout the week, especially the FOMC statement on Wednesday at 06:00 GMT.

Today's main events:

09:00 GMT: U.S. - CPI measures changes in the price of goods and services from a consumer perspective.

12:30 GMT: USD - NY Empire State Manufacturing Index - rate the relative level of general business conditions New York state

13:15 GMT: USD - Industrial production - a measure of change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.