13th August 2013 - Daily Market News
Both annual and monthly Japanese machinery orders beat expectations cause Asian stocks rise. Government reports showed that the growth of the Japanese economy slowed and reduced as a result of U.S. equities.
WTI crude oil traded higher fueled by speculation that U.S. inventories fall. Libya has its largest terminal for the export of oil closed and BP have reported that it was a mistake that has caused a drop in production. Gold falls as it begins to consolidate after a four-day rally.
The yen after a report that Prime Minister Abe is considering cutting corporate taxes weakened. The U.S. dollar index traded higher as investors speculate that future data will be strong and will lead to the reduction of monetary stimulus. Investors awaited German ZEW consumer confidence and U.S. retail sales data, which will be published later today. Retail sales in the U.S. have to be observed in the last 3 months, so the dollar for a good binary options trading.
Today's main event:
08:30 GMT: GBP - CPI y / y, m / m - measures the change in prices of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing and inflation
09:00 GMT: EUR - Industrial Production y / y, m / m - Industrial production is a measure of output of the industrial sector of the economy. The industrial sector includes manufacturing, mining and utilities. Although these sectors contribute only a small portion of GDP (Gross Domestic Product), they are very sensitive to interest rates and consumer demand. This makes Industrial Production an important tool for forecasting future GDP and economic performance.
09:00 GMT: EUR - ZEW Economic Sentiment - prices relative six-month economic outlook for the euro zone. On the index, a reading above zero optimism, below indicates pessimism. It is a leading indicator of economic health. The reading is compiled from survey of about 350 German institutional investors and analysts.
09:00 GMT: EUR - German ZEW economic sentiment - gauges the six-month economic outlook. One level above zero indicates optimism, below indicates pessimism. The reading is compiled from a survey of about 350 German institutional investors and analysts.
12:30 GMT: USD - Core Retail Sales m / m - measures the change in the total value of sales at retail in the U.S. without cars. It is an important indicator of consumer spending and is also considered a pace indicator for the U.S. economy.
12:30 GMT: USD - Retail Sales m / m - measure the change in the total value of inflation-adjusted retail sales. It is the most important indicator of consumer spending, which account for the majority of overall economic activity.
