January 17, 2014 - Daily Market News
Today's Hot Assets: GBP, USD
Initial unemployment claims released yesterday and came out higher than expected . This added to speculation that the Fed increase the pace to narrow, as it is dependent on the improvement of the labor market . A strong data also confirmed the expectation that the U.S. economic recovery will continue to deepen . U.S. stocks fell as a result , the S & P 500 fell 0.13% Jadow Jones fell 0.39%. Asian stocks were mixed as the yen strengthened against the dollar. The Nikkei fell 0.08% , muttaHang Seng closed 0.63 % higher. The Asian markets are waiting for important data from China , including industrial production and gross domestic product , as well as coming out on Monday.
WTI has declined following a decrease in deliveries reported by both the EIA and API . A variety of U.S. data is also published to suggest that the U.S. economy will continue to sustain economic growth. Yesterday, the commodity traded choppy mixed with the following information ; unemployment benefits contributes to economic growth , however, OPEC announced that the global oil demand is not strong. Gold has been trading sideways. U.S. inflation data was seen as low and as a result, investors työnsihinta up. However, the tapered concerns are still so traders are reluctant to invest in long positions .
The main events of the day :
09.30 GMT : GBP - Retail Sales - measure the change in total value of inflation-adjusted sales at the retail level . It is the most important indicator of consumption, which muodostaasuurimman part of the overall economic activity .
13:30 GMT : USD - Building Permits - measures change in the number of building permits issued by the government . Building permits are a key indicator of demand in the housing market.
13:30 GMT : USD - Start-ups - measures change in the annual number of new residential buildings began construction during the reported month . It is a leading indicator of the strength of the housing sector.
14.15 GMT : USD - Industrial Production - measures the change in total inflation-adjusted value of production for manufacturers, mines , and utilities.
14:55 GMT : USD - Michigan Consumer Sentiment - rates the relative level of current and future economic conditions . There are two versions of this data released two weeks apart , preliminary and revised
