26/09/2013 - September Daily Review
- Mark Densel
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September 26, 2013 - Market News Daily
Asian stocks moved back and forth today , in response to anxiety about the U.S. budget . The Nikkei rose 0.3 % , while the Kospi gained 0.4 % . Meanwhile , banks in China are reported to have lost 200 billion yuan in deposits due to the shadow banking - causing a liquidity crisis .
Despite the GBP / USD fell to 1.6038 today . the pair is waiting for data from the United States for more direction. If the data come out better than expected , binary options traders should expect to see the pair fall as the dollar appreciated . The downward pressure will be magnified by speculation about the Federal Reserve's behavior in response to good data on the U.S. economy .
08:30 GMT : GBP - Business Investment ( quarterly ) - Investment Business measures the change in the inflation -adjusted value total capital expenditures made by private sector companies .
08:30 GMT : GBP - GDP ( QoQ ) and (YoY ) - Gross Domestic Product (GDP ) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the health of the economy.
08:30 GMT : GBP - Current Account - The index of current account measures the difference in value between imported and exported goods , services and interest payments during the reference month. The part of the products is the same as the monthly trade balance figure . Because foreigners must buy the domestic currency to pay the nation's exports , the data can have a significant effect on the GBP.
12:30 GMT : USD - Unemployment claims continuing and Initial - Continuing Jobless Claims measures the number of unemployed people who qualify for unemployment insurance benefits . Jobless Claims measures the number of people who filed for unemployment insurance for the first time last week . This is the earliest U.S. economic data , but the market impact varies from week to week.
12:30 GMT : USD - GDP ( QoQ ) - Gross Domestic Product (GDP ) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the health of the economy.
1400 GMT : USD - Pending Home Sales (MoM ) - The National Association of Realtors ( NAR ) report pending home sales measures the change in the number of homes under contract to be sold , but still expects the transaction closure , excluding new construction.
14:10 GMT: USD - FOMC member Stein Speaks - Jeremy C. Stein serves on the board of the Federal Open Market Committee (FOMC ) voting member ( 2012-2018 ) . Stein is talking. FOMC members are responsible for setting the benchmark interest rate and their speeches are closely watched for indications on the future possible direction of monetary policy . His comments may determine a positive or negative trend in the short term.
23:30 GMT - JPY - Tokyo CPI and core CPI (YoY ) - The Consumer Price Index (CPI ) measures the change in the price of goods and services from a consumer perspective in the Tokyo metropolitan area . It is a way to measure changes in purchasing trends and inflation . The impact on the currency may go both ways , with an increase in CPI may lead to increased interest rates and an increase in local currency , on the other hand, during the recession, the increase in CPI may lead to a deeper recession and therefore a fall in local currency. The Consumer Price Index Tokyo ( CPI) measures the change in the price of goods and services bought by consumers in Tokyo , excluding fresh food .