July 22, 2014 - Daily Market News 

Hot Asset Today: USD 

U.S. stocks closed lower due to persistent geopolitical fears that the war in Gaza could escalate and tougher sanctions could be imposed on Russia. At the end of the session, the S & P 500 0.23% lower and the Dow Jones was 0.28% lower. Asian stocks were higher in the region. The Nikkei added 0.84% ​​as traders returned from a long weekend. The increase came as the yen weakened against its rivals and Japanese importers entered the bottom of the market, the dollar was at 101.47 yen from 101.39 yen. The Hang Seng closed 1.69% higher at its highest level of the year due to strong profit companies. European markets are higher than the EU foreign ministers met in Brussels to discuss the implementation of new sanctions against Russia. Currently, the DAX was up 0.85%, while the FTSE 100 in London was up 0.84% ​​and the CAC 40 in France rose by 0.76% 

WTI crude oil rose after data showed U.S. refineries operating at record capacity. The EIA released a report showing that the refineries operated at 93.8% of capacity, the highest level since the week 2005. Prices are now trading choppy ahead of inventory report API 20:30 GMT. Gold declined due to its appeal as a safe haven in decline. Investors are now focusing on the earnings season, which could push stocks higher instead of gold. Speculation is also higher than the interest rate may be increased in the United States and important data being released today the dollar is at a high level of four months. The benchmark will be released at 12:30 GMT and retail sales to 14 hours GMT. 

Key events today: 

12:30 GMT: USD - Core CPI - measures changes in the prices of goods and services, excluding food and energy. 

14.00 GMT: USD - Existing Home Sales - measures the change in the annualized number of existing residential buildings that were sold during the previous month