October 2, 2013 - Binary Options Daily Market News
There was a partial shutdown of the U.S. government , no decision has been made regarding the Affordable Care Act . Up to 800,000 public employees do not work and many services that have been closed. USA is very close to reaching its debt ceiling and must come up with solutions to reduce costs . Investors are trying to consider the consequences but it does not seem too worried and thinks that the impact of the shutdown will be limited. U.S., European and Asian stocks rise. Hang Seng is about 1%, the Dow Jones closed higher by 0.41 % and S & P 500 rose 0.8 %. Shares in Tokyo , but they are sNikkei 225 closed lower by 2.17% , as investors react to Abe's sales tax increase .
WTI fell yesterday as demand reduction is expected because the shutdown may cause a decline in economic growth. Stocks are also disclosed later today and is expected to be higher. Gold no longer appears to be a safe haven , and significantly reduced the government shutdown . Investors think ahead and still hesitant , somehow narrows monetary stimulus is still affected. The Chinese market is closed for holidays and demand for gold is thinner .
Today's Top Stories :
11.45 GMT: EUR - Interest Rate Decision - Six members of the European Central Bank ( ECB ) Executive Board and the 16 governors of the central banks of the euro area vote on where to set the speed . Traders watch interest rate changes closest short-term interest rates are the primary factor in currency valuation.
12.15 GMT: USD - ADP Nonfarm Employment Change - ADP National Employment Report jemíra monthly change in non-farm , private employment , based on payroll data, around 400,000 corporate customers in the USA . Version , two days before the government data is a good indicator of government non-farm payroll report.
12.30 GMT: CZK - ECB Press Conference - Conference is přibližněhodinu long and has two parts. First, the prepared statement to read, pakkonference is open press questions . Press conference focuses on the factors that influenced the ECB rate decision and discusses the overall economic outlook and inflation. Most importantly, it provides guidance about future monetary policy.
19.30 GMT: USD - Fed's Bernanke speaks - The head of the Fed , which controls short-term interest rate has a greater impact on the U.S. dollar value than any other person. Traders watch his speeches closely as they are often used to drop hints about future monetary policy.
