18/12/2013 - December Daily Review
- Mark Densel
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December 18 , 2013 - Daily Market News
Popular modern Assets : USD , Gold
The two - day meeting Feds will come to an end today and the FOMC statement will follow . Key theme that as mentioned is whether or not to start tapering the current and reduce the pain of a few system . The market remains divided between expectations and investors are apprehensively awaiting a decision . The agreement also advanced budget yesterday and will be put to a final vote by the Senate . U.S. stocks declined . At close the session the S & P 500 was down 0.31 % and the Dow Jones was down 0.06 % . Asian shares gained as the yen weakened . The Nikkei reached a weekly closing 2.02 % higher and the Hang milk closed 0.34 % higher .
WTI is rising after the American Petroleum Institute reported that stockpiles of crude fell . Traders are reluctant as we wait to see the outcome of the meeting Feds . Gold is declining as the Dollar continues to strengthen . U.S. CPI figures did not show anything so important and gave insight as to the result that may be tapering . Investors should closely watch the FOMC statement today at 7.00 pm GMT and Bernanke speech at 7.30c pm GMT .
Main events of today :
09.00 GMT : EUR - lfo Business Climate Index German - current prices in the German business climate and measures expectations for the next six months . It is a index features based on a survey of manufacturers , builders , Wholesalers and Retailers .
09.30 GMT : GBP - Bang Count Change - the step change in the number of people unemployed in the UK in the month reported . A rising tendency shows the weakness of the labor market , which has a trickle - down consumer spending and economic growth .
09.30 GMT : GBP - Minutes MPC Meeting - a detailed record of the Bank of England 's policy setting meeting , containing in-depth knowledge of the deep economic conditions that influenced the decision on where to set interest rates . The breakdown of the seed of the votes MPC members ' tends to be the most important part of the minutes .
18.00 GMT : USD - FOMC Economic jobs
19.00 GMT : USD - FOMC Statement - The primary tool the panel uses to communicate with investors about monetary policy . It contains the outcome of the vote on interest rates , discusses the economic situation and provides clues about the outcome of the votes in the future .
19.30 GMT : USD - Fed Chairman Bernanke Speaks - As the head of the Fed , which controls short term interest rates , has a strong influence on the value of the U.S. dollar than any other person . Traders watch his speeches closely as they are often used to drop hints about future financial policy .