30/07/2014 - July Daily Review
- Mark Densel
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July 30, 2014 - Daily Market News
Hot Active Today: USD, gold, oil
U.S. stocks finished lower as increased sanctions were applied against Russia. Additional sanctions were placed on energy, defense and financial sectors as punishment against separatists support. This news offset positive data and earnings reports. Almost session, S & P 500 was 0.45% lower, and the Dow Jones was 0.42% lower. Asian stocks rose across the region. Nikkei added 0.18% as the yen fell from ¥ 101.9 ¥ 102.1. Hang Seng added 0.37%, gaining a seventh session as traders continued to react to the news of the 'through train' that will allow direct trade between Hong Kong and Shanghai. European markets are mixed today as European investors react to sanctions by Russia, but remains hesitant before a series of data from U.S. data later today. Currently, the DAX is higher by 0.18%, while the CAC 40 is leading the FTSE 100 lower. They are below 0.09% and 0.04%.
WTI Crude gained after API inventory data released showed that crude stock to decline by 4.4 million barrels last week. Penalties bring Russia also fears that energy supplies could be restricted. Today at 14:30 GMT, The EIA will release a separate inventory and cause some major short-term trading opportunities. Gold fell yesterday after CB Consumer Confidence came out better than expected and as traders began to speculate before the declaration FOMC.Preşedintele Fed, Janet Yellen, increased expectations over a potential rise in interest rates that she always said that improving employment and housing data could lead to this. As today is a great day for data, it should be a great time to trade binary options!
Today Main Events:
12.00 GMT: EUR - German CPI - measures changes in the price of goods and services purchased by consumers.
12.15 GMT: USD - ADP nonfarm Employment Change - as monthly change in non-agricultural private employment based on payroll data of approximately 400,000 U.S. business clients.
12.30 GMT: USD - GDP - measures the annual change in inflation-adjusted value of all goods and services produced by the economy.
18.00 GMT: USD - FOMC Statement - U.S. Federal Open Market Committee Federal Reserve (FOMC) statement is the primary tool the panel uses to communicate with investors about monetary policy.