August 28, 2014 - Daily market news
Today the instrument: USD
US stocks rose slightly as investors money inspected and geopolitical tension. The literature has consistently by the United States, but nothing was released yesterday. The S & P 500 is above its record high of 2000 and closed, the Dow Jones added 0.09% to close at 17,122.01. Asian markets declined throughout the region. The Nikkei fell 0.48% as the Dollar declined against the yen, with the Dollar now trading at ¥ 103.7. The Hang Seng fell 0.71%. European markets are lower today after the German Unemployment Rate came out below expectations. Attention will now turn to the US data such as Welcome Home Sales and GDP. Now, the FTSE 100 is 0.45% lower. The CAC 40 is 0.89% lower and the DAX was 1.41% lower.
WTI Crude dropped to $ 93.80 / barrel yesterday. The decline came after a report from the EIA showed crude supplies declined by 2.1 million barrels which is lower than the expectations of 2.5million barrels. The bill is now before the climbing US data so make sure to see several releases today. Gold is climbing as tension in Ukraine is increasing, spurring demand for the safe haven assets. Gains may be however, as the US should be good. Any information would be more reason for the Fed to interest rates sooner than anticipated.
Today's Main Events:
08.00 GMT: EUR - German Unemployment Change - measures the change in the number of unemployed people during the past month.
12.30 GMT: USD - GDP - measures the annualized change in the inflation-treatment value of all goods and services produced by the economy
14.00 GMT: USD - Welcome Home - measures the change in the number of homes in contract to be sold but still awaiting the closing transaction, excluding new construction .
23.30 GMT: JPY - Tokyo Core CPI measures the change in the value of products and services by users in Tokyo, excluding fresh food.
23.50 GMT: JPY - Industrial Production - measures the change in the total inflation-revision of output produced by manufacturers, mines, and utilities.
