May 28, 2014 - Daily Market News

Yesterday we saw another impressive increase in the U.S. stock market. S & P500 moved its record level reached the value 1,914.50 . The main driving force came from the technology sector. We saw , for example, Apple Inc. has increased by 1.87% , or Facebook with large 3.47% . On the other hand, the sector of oil and gas has not worked well . Petroleo Brasileiro SA fell by almost 2%. Asian stocks opened in positive sentiment despite Chinese industrial profits showed a decline in mining. In Tokyo, the Nikkei 225 index ended 0.24% up . Today we can see some price correction after such a sharp rise so we should be wary of buying positions and trade shorter term .

Euro has been under pressure for the last 3 weeks as investors weigh the risk of possible European Central Bank rate cut. We can see that the EUR / USD has bounced twice on the 1.3610 level , but when we see the pair below 1.3600 level which can cause huge sell out and send the pair even lower. The EUR / JPY fell from 139.35 to 138.65 and introduces support on 138.50 .

Today's main events:

7:55 GMT : EUR - German unemployment - Change in number of unemployed in the previous month

10:00 GMT : GBP - CBI Realized Sales - Level of a diffusion index based on surveyed retailers and wholesalers

23:50 GMT : JPY - Retail - Change in the total value of sales at the retail level