Market Review By TraderXP:
Oil fell as accelerating Chinese inflation reinforced fears that economic incentives can be eliminated. The spread between oil in New York and London has narrowed to least in almost four months.
Market Review By TraderXP:
Oil fell as accelerating Chinese inflation reinforced fears that economic incentives can be eliminated. The spread between oil in New York and London has narrowed to least in almost four months.
March 5, 2014 - Market News Daily
Today 's Hot Assets : EUR, USD, CAD
The chances of military conflict in Ukraine has decreased. Russian President Putin said that they reserve the right to use force in the Crimea in the case of " lawlessness " , but noted that such an occurrence would be a last resort . This came after news that Russian troops were called military exercise back into their bases . Stocks rose as investors speculated that the situation would likely not escalate further. S & P 500 closed 1.53 % higher and the Dow Jones closed 1.41 % higher . Asian stocks were mixed . Nikkei rose 1.2 % as the yen continued to weaken against the dollar . Hang Seng , however , declined 0.34 % as Chinese HSBC Manufacturing PMI points to slowing economy . Attention in Asia will now turn to the National People's Congress meeting in China. The meeting will be watched for any signs of whether government officials will introduce something new to the restructuring of China's economy . Asian investors are also preparing for a potential default in the bond market in the country . European shares lower on a wide range of services PMI data came out better than expected and the whole eurozone GDP out of the goal.
WTI crude declined almost 2 % as the threat of disruptions related to the geopolitical situation in Ukraine fell . API- ing, published yesterday that U.S. crude inventories rose 1.2 million barrels in the week ending Feb. 28, compared with expectations for an increase of 1.5 million barrels . Traders are now looking forward to today's EIA inventory of 15:30 (GMT). After collecting the following tension in Ukraine , gold fell 2 % yesterday . Attention will turn to key U.S. data released later in the day . ADP Nonfarm Employment Change will be released at 13:15 (GMT) and ISM Non- Manufacturing PMI will be released at 15:00 (GMT).
Today the main events :
13.15 GMT: USD - ADP Nonfarm Employment Change - a measure of the monthly change in non - farm , private sector , based on payroll data from about 400,000 U.S. business clients
15.00 GMT: CAD - Decision interest rate - Bank of Canada ( BOC ) governing council members came to a consensus on where to set the rate .
15.00 GMT: USD - ISM Non- Manufacturing PMI - Institute for Supply Management (ISM) Non- Manufacturing Purchasing Managers Index (PMI) for Business report , the composite index is calculated as an indicator of the overall economic condition for the non- manufacturing sector .
Market Review By TraderXP:
The Australian dollar fell for a second day against the yen after data showed consumer confidence was little changed from two-month low, highlighting the concerns of the economy of the South Pacific weaken.
December 3, 2013 - Daily Market News
Today's Hot Assets: GBP
U.S. stocks fell after reaching record highs in late U.S. session as investors locked in profits . IndeksiProdhim ISM came on increased speculation seFed expectations could begin to diminish rapidly as it shows a strong growth in the U.S. economy which would weigh on shares . Reports also indicated that Black Friday spending was actually lower than last year . S & P 500mbyllur lower 0.27% and closed dheDow Jones 0:48 % lower . In Asia , after reaching the highest level since 2011Hang Seng fell 0.49% due to fear of tapering . However , Nikkei gained 0.6 % against the dollar weakened siYen . European stocks opened with small change .
WTI has climbed amid speculation that stocks may have fallen . Manufacturing PMI from China, Europe and the U.S. beat expectations which can lead to increased demand and push prices higher . Gold fell further as positive data yesterday . The dollar strengthened and made investors trade on expectations for the Federal Reserve to start tapering monthly bond purchases in the coming months . The price is a little low siçmim climbing today has brought back some physical demand . However , traders should be wary of any call positions as they are dangerous and wait for key data at the end of the week , including the U.S. GDP and non - agricultural wages.
Key events today :
09:30 GMT : GBP - Construction PMI - measures the activity level of purchasing managers in the construction industry . A reading above 50 indicates expansion in the construction industry , a reading below indicates contraction . It gives an indication about the health of the construction section in the UK . Traders watch these surveys closely as purchasing managers usually have early access to data about their company's performance , which can be a leading indicator of overall economic performance .
June 11, 2014 - Daily Market News
Today's Hot Asset: NZD
U.S. stocks little changed, remains at record highs. The S & P 500 lost 0.02% and the Dow Jones 0.02% to close at 16,945.92. In individual stock news, Apple Inc. rose 0.6% to a 7 - to - 1 split Ebay but lost 2.7% after reports their PayPal chief leaving Facebook to join. Asian stocks were mixed. The Nikkei 0.5% as the dollar fell further against the yen. The Hang Seng lost 0.25%, however, as the World Bank cut its forecast for global economic growth. The World Bank bag its forecast to 2.8% from a previous estimate of 3.2% amid a weaker outlook for Russia, China and the U.S. European stocks open lower as sentiment. Currently, the DAX is down 0.78%, while France's CAC 40 was down 0.66% and London's FTSE 100 was down 0.61%.
WTI Crude dropped slightly after the API reported that increasing Weekly Crude Stock. But the price is climbing again because of speculation the EIA will be a drop in stock later in the day at 14:30 GMT report. Traders are waiting for the start of the OPEC meeting in Vienna today. Gold went through a resistance level broken and climbed to $ 1,263 / ounce. Physical demand has increased, but the metal receives its major boost from the additional stimulus coming in Europe. No key data from the U.S. today so the price may be choppy.
Today's key events:
21.00 GMT: NZD - interest rate decision - The Reserve Bank of New Zealand (RBNZ) governor decides where to set the rate after consulting senior bank staff and external advisors. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.
21.00 GMT: NZD - RBNZ Rate Statement - The Reserve Bank of New Zealand's rate statement is the primary tool the panel with investors about monetary policy communication.
21:05 GMT: NZD - RBNZ Gov Wheeler Speak - The press conference is about 30 minutes long and has two parts - the first in a prepared statement read, then the conference is open to press questions.
Market Review By TraderXP:
Oil rose in New York for the unexpected drop in U.S. stocks, imports fell for the fourth time in five weeks, and oil consumption has increased.
Prices received as much as 1.2 percent after the Energy Information Administration, the statistical arm of the Ministry of Energy, said that stocks fell 951,000 barrels last week. They had to climb 2.2 million barrels, according to the median estimate of 11 analysts surveyed by Bloomberg. Consumption rebounded from the lowest level since March.