November 11, 2013 - Daily Market News
Today's Hot Asset : EUR
On Friday the Nonfarm Payrolls figure came out positive beat expectations . 204 000 people were employed during the month of October. The data increased speculation that the Fed may begin to reduce its quantitative easing program soon. U.S. stocks got as investors digested the information despite speculation . S & P 500 closed 1.34% higher and the Dow Jones closed 1.08 % higher. Asian stocks were mixed during the previous session after some mixed numbers were released at the weekend from China. Nikkei closed 1.3% higher and Hang Seng closed 0.73 % higher. European stocks opened lower on Friday after France's credit rating was downgraded by S & P. They opened the day with little change .
WTI got bit by NFP report. The data support the price of oil as a stronger U.S. economy will produce higher demand increases prices. Chinese industrial production was also higher. Gains were limited because of speculation about stimulus and nuclear talks with Iran. The price of gold fell by NFP figure on Friday and traded flat during the Asian session. It is also less physical demand.
Today's main events :
Nowadays , a Bank Holiday in Canada and the U.S.
08.00 GMT : USD - FOMC Member Fisher Speaks - Federal Reserve Bank of Dallas President and Federal Open Market Committee ( FOMC ) voting (2008 and 2011 ) Richard Fisher is talking. FOMC members are responsible for setting the benchmark interest rate and their speeches are closely watched for indications of possible future direction of monetary policy.
17.00 GMT : EUR - German Buba President Weidmann Speaks - Deutsche Bundesbank ( Buba ) President Jens Weidmann is talking. As president of the Bundesbank and member of the ECB , which controls key short-term interest rates have Weidmann no influence over EUR value. His comments may determine a short-term positive or negative trend.
23.50 GMT : JPY - Tertiary Industry Activity Index ( MoM ) - tertiary industry index measures the change in the total value of services purchased by businesses. It is a leading indicator of economic health.
