What is it? It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
When? At 4:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the GBP to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
1. The dollar remained little changed against a basket of other currencies on Wednesday after data showing that U.S. inflation rose at a slower than expected rate last month, as investors awaited the minutes of the Federal Reserve’s latest meeting later in the day.
2. U.S. natural gas prices bounced off the previous session's five-week low on Wednesday, as market participants looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand for the fuel.
3. Gold prices remained higher on Wednesday, after data showed that consumer price inflation in the U.S. rose less than expected in July, while prices excluding food and energy costs inched up modestly. (Investing.com)
4. TORONTO - Avid Life Media, the company behind infidelity website AshleyMadison.com, confirmed on Wednesday that some legitimate data has been stolen from it and published online, but said it has never stored credit card information on its servers.
5. CHICAGO - Target Corp (N:TGT) on Wednesday reported a higher-than-expected quarterly profit and raised its full-year earnings forecast for the second time, benefiting from strong demand for clothing and other product categories at the center of its growth plan.
6. LONDON - Fears about China's economy kept emerging markets under heavy pressure on Wednesday, while the dollar eased as traders awaited minutes from last month's Federal Reserve meeting for any hints on U.S. rate hike plans. (Reuters).
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
It's a busy day for markets and investors are bracing for losses.
U.S. stock futures were sinking ahead of a wave of earnings reports. Global markets were mostly lower but China regained some poise after taking a dive earlier in the day.
1) China recovers
It was another volatile session in China, with the Shanghai Composite erasing sharp early losses to close up 1.2%. Chinese stocks have been on a wild ride for weeks as investors grow anxious about a possible withdrawal of stock market support by Beijing, and the health of the Chinese economy.
2) Commodities ease
Uncertainty about global demand and slowing growth in China have pressured commodity prices in recent months, and copper and oil resumed their slide Wednesday.
Copper traded down nearly 2% to just above $5,000 a tonne while oil shed 0.4% to hover below $43 a barrel.
3) Earnings and economics
Plenty of companies will open their books to investors on Wednesday. Target (TGT), Lowe's (LOW), Staples (SPLS), Hormel Foods (HRL) and American Eagle (AEO) -- along with a handful of others -- are due to report quarterly earnings ahead of the open.
Victoria's Secret owner L Brands (LB) is among the companies reporting after the close.
It's a light day for economic news, with July's consumer price index numbers released by the Bureau of Labor Statistics at 8:30 a.m. ET.
4) Greek bailout vote
Germany's parliament is expected to approve the latest Greek bailout Wednesday, a key hurdle to unlocking the first chunk of up to €86 billion ($95 billion) in aid for the cash-strapped country. Athens stock market added 0.3%.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? It's among the primary tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions.
When? Tentative.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the JPY to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? It's a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates.
When? At 2:00pm Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the USD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? Food and energy prices account for about a quarter of CPI, but they tend to be very volatile and distort the underlying trend. The FOMC usually pays the most attention to the Core data - so do traders.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
1. Wal-Mart Stores Inc (N:WMT) reported weaker-than-expected quarterly earnings and lowered its full-year forecast, citing higher costs from adding worker hours as well as weaker margins in its U.S. pharmacy business.
2. Home Depot Inc (N:HD), the world's No.1 home improvement retailer, reported a better-than-expected rise in quarterly same-store sales, helped by increased home remodeling activity in the United States and a recovery in the housing market.
3. Stocks fell on Tuesday, with European markets buckling under heavy selling pressure carried over from Asia after Chinese shares slumped 6 percent and emerging market currencies and oil prices remained anchored at historic lows.
4. Wall Street opened lower on Tuesday following a 6 percent slump in Chinese shares and disappointing quarterly results from Wal-Mart (N:WMT). (Reuters)
5. U.S. natural gas prices slumped to the lowest level in more than five weeks on Tuesday, as forecasts for cooler weather across key consumption regions of the U.S. in the week ahead dampened demand expectations for the fuel.
6. The dollar moved higher against a basket of major currencies on Tuesday, after data showing that U.S. housing starts rose to an almost eight-year high in July. The Commerce Department reported that housing starts rose 0.2% to an annual pace of 1.21 million units, the highest level since October 2007. (Investing.com)
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
Investors are on edge after China stocks suffered a savage fall on Tuesday.
U.S. stock futures were slipping and global markets retreated.
1) China tumbles
The bears are once again stalking Chinese markets. The Shanghai Composite closed down 6.2% and the smaller, tech-heavy Shenzhen index slumped 6.6%.
China has been rocked by months of volatile trading, and investors are now worried about a possible withdrawal of stock market support by Beijing, and signs of a sharper slowdown in the economy.
2) Commodities falter
Fears about slowing growth in China has been hitting commodity demand in recent weeks and prices remained under pressure Tuesday. Copper dropped 1.1%, and oil prices eased 0.7% to trade below $42 a barrel.
3) Earnings and economics
There are plenty of earnings to digest including quarterly results from some big box retailers. Walmart (WMT), Home Depot (HD), TJ Maxx (TJX) and Dick's Sporting Goods (DKS) are due to report before the open. DeVry Education (DV) will report after the close.
SanDisk (SNDK)shares are ones to watch Tuesday. The tech firm was trading down nearly 2% premarket.
On the economic front, the U.S. Census Bureau will publish July numbers for housing starts and building permits at 8:30 a.m. ET.
4) International markets
European markets headed lower in early trading, with France's CAC index down 0.4% and the U.K. FTSE index off by 0.5%.
Shares in Wood Group (WDGJF) slumped 2.4% in London after the energy services firm's half year results confirmed weak oil prices had slugged earnings and prompted heavy job cuts.
Asian markets ended in the red, led by sharp falls in China. Hong Kong's Hang Seng gave up 1.5%.
Thailand's market lost nearly 3% and the baht tumbled following a deadly bomb blast in the capital on Monday.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? It's a leading indicator of the nation's trade balance with other countries because rising commodity prices boost export income.
When? Tentative
Trading Tip: If the actual number is higher than the forecast, you can expect the NZD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? This is considered the UK's most important inflation data because it's used as the central bank's inflation target. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate. The average price of various goods and services are sampled and then compared to the sampling done a year earlier.
When? At 4:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the GBP to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
1) Wall Street began the week lower on Monday after data showed a surprise fall in manufacturing activity in the state of New York in August.
The market was also weighed down by oil prices, which fell toward six-year lows as data showed Japan's economy, the world's third-biggest oil consumer, contracted in the second quarter.
2) NEW YORK - U.S. homebuilder sentiment rose in August to its highest level since a matching reading almost a decade ago, the National Association of Home Builders said on Monday. (Reuters)
3) The New York Federal Reserve’s index of manufacturing conditions tumbled to its lowest level since 2009 in August as new orders fell sharply, according to a report released on Monday.
The Federal Reserve Bank of New York said that its general business conditions index dropped to -14.9 this month from 3.86 in July.
4) The dollar remained steady against a basket of major currencies on Monday after data showed that manufacturing activity in the New York region slumped to its lowest level since November 2009 this month.
5) U.S. oil futures fell to the lowest level in six-and-a-half years on Monday after data showing that Japan’s economy contracted in the second quarter added to fears over the demand outlook. (Investing.com)
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
Investors have caught a mild case of the Monday blues.
U.S. stock futures were inching lower and oil prices remained under pressure.
1) Oil slides
Crude dropped 1.5% to hover just above $41 a barrel in electronic trading. Oil has tumbled in recent weeks as the combination of plenty of supplies and sluggish demand weighs on prices.
2) Ruble tumbles
Weak oil prices are causing problems for Russia's energy-dependent economy. And there was more bad news Monday, as the ruble hit a 6-month low against the greenback.
3) Earnings updates
There are a few company results to watch out for today, starting with earnings from Estee Lauder (EL) before the market open. Urban Outfitters (URBN) will report this afternoon.
4) International markets
It was a mixed session across global markets. In Europe, Germany's DAX rose 0.4% while the U.K.'s FTSE index inched down 0.1%.
Over to Asia, China's Shanghai Composite closed up 0.7% and the yuan was steady against the U.S. dollar. The stabilization in the Chinese currency helped restore some calm to trading after a surprise devaluation sparked a sell-off on global markets last week.
Japan's economic recovery hit another stumbling block as data showed GDP contracted in the second quarter. The country's benchmark Nikkei index added 0.4%. Hong Kong's Hang Seng closed down 0.7%.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook: