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.