09/10/2013 - October Daily Review

October 9 , 2013 - binary options each Market News

 

As investors continue to die now worrying that the U.S. can correct Default . Trading volume in the market has increased greatly . Asia stocks fall does not start with Seng hang close 0.6 % lower default would damage the U.S. economy in the world . However , after the news was released that Obama will announce Janet Yellen as the next head of the Federal stock back again to add the Nikkei 225 closed 1.03 % higher. U.S. stocks decreased yesterday , the S & P 500 fell by 1.2 % and the Dow Jones Industrial Average fell by 1.1 % .

 

Gold is trading below although the news Yellen will be made head of the Federal reserve . Yellen seems more likely to maintain the current accommodative monetary policy . The dollar has regained strength and the U.S. dollar index is trading much higher due to the inverse relationship between gold and the dollar is expected . Oil is trading higher , which is the expected inventory data will show stockpiles have increased.

 

Today Main Events :

 

08.30 GMT : GBP - Industrial Production ( mother ) / ( YoY ) - measure of changes in inflation - adjusted value of output produced by manufacturers , mines , and utilities .

 

08.30 GMT : GBP - Manufacturing Production ( mother ) / ( YoY ) - measure of changes in inflation - adjusted value of output produced by the UK manufacturers . Manufacturing accounts for approximately 80 % of the overall Industrial Production . A rise in the Manufacturing production signify increasing economic growth

 

08.30 GMT : GBP - Trade Balance - measure the difference in value between imported and exported goods and services over the reported period

 

10.00 GMT : EUR - German Industrial Production ( mother ) - measure of changes in inflation - adjusted value of output produced by manufacturers , mines , and utilities .

 

18.00 GMT : USD - FOMC Meeting minutes - record the details of the policy committee - the meeting held about two weeks . The minutes offer detailed insights regarding the FOMC 's stance on monetary policy , currency traders in order to carefully examine them for clues regarding the results of the season interest rate decisions .

 

22.00 GMT : EUR - ECB President Draghi said - Mario Draghi (born September 3, 1947 ) is an Italian bank and the Economist has an Italian bank governor to be replaced Jean Claude Trichet as President of the European Central Bank to start 2011 . As head of the ECB , which controls short term interest rates , they have more influence over the EUR value of any other person .

 

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