August 1, 2013 - Daily Market News
The U.S. dollar fell yesterday. At its meeting in Fed decided to retain until further labor market improvement is seen. Purchase of its assets She noted that if inflation remains below 2%, the economic recovery, which was seen as a dove statement hamper. U.S. GDP showed the economy will grow by 1.7%, indicating that the U.S. economy strengthened.
China PMI data was better than expected (50.3) gives production expansion. Asian stocks rose as a result as positive PMI figures suggest that China's economic slowdown is stabilizing. WTI crude oil advanced for a second day also under pressure from the strong data from China.
Today there will be a series of economic data released so that it should be seen for binary options trading
Today the main events:
08:00 GMT: EUR - Manufacturing PMI - measuring the activity of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector, below 50 indicates contraction. Traders watch these surveys closely purchasing managers usually have early access to data about the performance of their company, a leading indicator of overall economic performance can be.
08:30 GMT: GBP - Manufacturing PMI - measuring the activity of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector, below 50 indicates contraction. Traders watch these surveys closely purchasing managers usually have early access to data about the performance of their company, a leading indicator of overall economic performance can be.
11:00 GMT: GBP - BoE QE Total - The Bank of England creates new electronic money and use it to buy from private investors, such as pension funds and insurance gilts.
11:00 GMT: GBP - interest rate decision - Bank of England (BOE) Monetary Policy Committee members vote on where to set the price. Traders watch interest rate changes closely short-term rates are the primary factor in currency valuation.
11:45 GMT: EUR - Interest Rate Decision - The six members of the European Central Bank (ECB) Executive Board and the governors of the 16 eurozone central banks vote on where to set the price. Traders watch interest rate changes closely short-term rates are the primary factor in currency valuation.
12:30 GMT: EUR - ECB Press Conference - The European Central Bank (ECB) press conference held monthly, about 45 minutes after the Minimum Bid Rate is announced. The conference is about an hour long and consists of two parts. First, read a prepared statement as conference is open to questions. The conference examines the factors that interest rate decision and is about the general economic outlook and inflation the ECB affected. Most importantly, it gives hints about future monetary policy. High levels of volatility can often be observed during a press conference to press questions lead to unscripted answers.
12:30 GMT: USD - Continuing Jobless Claims - Continuing Jobless Claims measures the number of unemployed persons eligible for benefits under unemployment insurance.
12:30 GMT: USD - Initial Jobless Claims - Initial Jobless Claims measures the number of people who filed in the last week for unemployment insurance for the first time. This is the earliest U.S. economic data, but the market impact varies from week to week.
14:00 GMT: USD - ISM Manufacturing Index - The Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) rates the relative level of business conditions including employment, production, new orders, prices, supplier deliveries and inventories.
Data come from a survey of about 400 purchasing managers in the manufacturing sector.
