Daily Video Review - 17/06
- Donald Herison
- English
- MARKETS NEWS
- Hits: 1132
USD is rising against the Japanese Yen. No other serious movements are occurring at the moment in the Currencies arena. Greece’s crisis is still in the spotlights and it seems that the worst is yet to come. Japanese market is showing droppings in major Stocks.
Facebook stock is showing a mild rise, Gold and Natural Gas are showing declines in the Commodities market.
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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Get ready for the Fed
The Federal Reserve is in the spotlight again. It will announce its interest rate decision at 2 p.m. ET, followed by a news conference with Fed Chair Janet Yellen at 2.30 pm.
2. Stock market movers -- Adobe, Coty
Shares inAdobe(ADBE)are dipping premarket based on concerns about the company's profitability in the coming months.
3. Earnings:
FedEx(FDX)is reporting ahead of the open.
Oracle(ORCL,Tech30)andPier 1 Imports(PIR)are reporting after the close.
4. International markets overview:
European marketsare relatively steady in early trading.Asian marketsmostly closed in positive territory.
Oil prices are rising again, up by about 1% to trade around $60.70 per barrel.
In currency markets, the British pound and Swiss franc are moving higher.
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What is it? It's the broadest measure of economic activity and the primary gauge of the economy's health.
When? June 17th at 6:45pm Eastern Time.
Trading Tip:If the actual number is higher than the forecast, you can expect the NZD to rise.
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What is it? This report includes the FOMC's projection for inflation and economic growth over the next 2 years and, more importantly, a breakdown of individual FOMC member's interest rate forecasts. Source first released in Apr 2011
When? June 17th at 2:00pm Eastern Time.
Trading Tip: This announcement can greatly affect the USD so make sure to follow it!
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