During today’s early trading session, The Nikkei rebounded from its 7 and a half year highs as investors took profits. The Tokyo market index dropped 0.37% and closed at 17,913. Following the Reserve Bank of Australia’s Governor, Glenn Stevens speech, the AUD traded higher. Stevens backed the reduction in interest rates and possible future monetary policy in order to rebalance the economy.
During the European trading session, the Euro rallied against the Dollar after the release of positive data. Germany released figures showing that the fourth quarterly and yearly CPI both came in higher than expected. The EUR/USD is currently trading above 1.400. Following the the data showing Germany’s economy growth, the DAX index traded 0.53% higher.
Traders are currently awaiting U.S. data, including the Michigan Consumer Expectations and Sentiment to be released at 15:00 GMT, furthermore, the U.S. Federal Open Market Committee (FOMC) Member Fisher will be speaking at 18:30 GMT. FOMC members are responsible for setting interest rates and their statements are closely watched for indications on the future monetary policy.
February 13, 2015- Daily Market News
During today’s early trading session, The Nikkei rebounded from its 7 and a half year highs as investors took profits. The Tokyo market index dropped 0.37% and closed at 17,913. Following the Reserve Bank of Australia’s Governor, Glenn Stevens speech, the AUD traded higher. Stevens backed the reduction in interest rates and possible future monetary policy in order to rebalance the economy.
During the European trading session, the Euro rallied against the Dollar after the release of positive data. Germany released figures showing that the fourth quarterly and yearly CPI both came in higher than expected. The EUR/USD is currently trading above 1.400. Following the the data showing Germany’s economy growth, the DAX index traded 0.53% higher.
Traders are currently awaiting U.S. data, including the Michigan Consumer Expectations and Sentiment to be released at 15:00 GMT, furthermore, the U.S. Federal Open Market Committee (FOMC) Member Fisher will be speaking at 18:30 GMT. FOMC members are responsible for setting interest rates and their statements are closely watched for indications on the future monetary policy.
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