07/10/2013 - October Daily Review

October 7.2013 - Binary Options Daily market news

 

The U.S. government still partially closed . Investors are uncertain as to whether the U.S. debt ceiling to its market will turn chaotic . U.S. House Speaker John Boehner declared that the limit will not increase unless other conditions are agreed upon which includes spending cuts . Asian and European stocks fell as a result . The Hang Seng is lower by 0.8 % and the Nikkei 225 by 1.22 % ( its lowest level in 1 month ) .

 

Karen tropical storms become weaker allowing companies returning employees platforms after they were off around 62 % of production . As the threat of storm weakened WTI fell . The price of gold is not really that move as expected . Gold fell on Friday as the dollar increase and decrease to $ 1307 / oz . Chinese market will reopen on Tuesday to see more physical demand could push prices back up .

 

Main Event Today :

 

09.00 GMT : EUR - GDP ( QoQ ) - measures the annualized change in the value of inflation - adjusted of all goods and services produced by the economy. It is the largest measure of economic activity and the primary indicator of the health economy.

 

12.30 GMT : CAD - Building Permits ( mother ) - measuring changes in the number of new building permits from the government. Building permits are a key indicator of demand in the housing market .

 

21.00 GMT : NZD - NZIER Business Confidence - relative rate of six -month business outlook . The index is a leading indicator of economic health . The data is compiled from a survey of over 2500 businesses.

 

23.00 GMT : GBP - RICS House Price Balance - measures the percentage of surveyors reporting a rise in house prices designated areas . A level above 0.0 % indicates more surveyors reported a rise in prices ; below indicates more reported a fall . The report is a leading indicator of house price inflation as surveyors have access to the data last price .

 

23.50 GMT : JPY - Adjust current account - measuring the difference in value between imported and exported goods, services and interest payments during the month reported . The portion of the well is the same as the trade balance figures each month . Because foreigners must buy the domestic currency to pay for the country's exports the data can have a sizable effect on the JPY .

 

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