During today’s early trading session, Asian markets were slightly higher after a stronger Dollar weakened the Yen, however, gains were limited as Chinese data showed a decline in imports and exports during the month of January. The Nikkei share average ended 0.36% higher and closed at 17,711. Following the speech by Reserve Bank of Australia Governor Glenn Stevens, The AUD strengthened against a basket of major currencies after he spoke about growing trade and closer ties with China.
European stocks traded lower today as concerns over Greece continue to weigh down on sentiment. On Sunday the Greek Prime Minister Alexis Tsipras stated that the nation would not settle with the terms of its old bailout agreement. France’s CAC 40 is down by 0.26% and DAX down by 0.54%. The Euro also took a tumble after Friday’s strong U.S. Nonfarm payrolls. The EUR/USD is currently trading around 1.300.
During early U.S. trade, the Dollar remained supported after U.S. jobs data on Friday showed that the number of people employed during the previous month had risen by 257,000, above the expected figure of 234,000. The positive NFP result could influence the U.S. Federal Reserve to raise interest rates sooner than expected. Later today, FOMC member Powell will be speaking, traders will listen very closely for clues regarding future monetary policy.
Todays events:
6:40 GMT – GBP – BoE Gov Carney Speaks – As head of the BOE’s Monetary Policy Committee which controls short term interest rates, Carney has more influence over sterling’s value than any other person.
7:00 GMT – EUR – German Trade Balance – The Trade Balance measures the difference in worth between exported and imported goods over the month.
13:15 GMT – CAD – Housing Starts – Housing starts measures the change in the annualized number of new residential buildings that began construction during the reported month.
21:00 GMT – USD – FOMC Member Powell Speaks – Due to speak about Audit the Fed and Other Proposals. Federal Reserve FOMC members vote on where to set the nation’s key interest rates.
23:50 GMT – JPY – Tertiary Industry Index – measures the change in the total value of services purchased by businesses.
February 9, 2015- Daily Market News
During today’s early trading session, Asian markets were slightly higher after a stronger Dollar weakened the Yen, however, gains were limited as Chinese data showed a decline in imports and exports during the month of January. The Nikkei share average ended 0.36% higher and closed at 17,711. Following the speech by Reserve Bank of Australia Governor Glenn Stevens, The AUD strengthened against a basket of major currencies after he spoke about growing trade and closer ties with China.
European stocks traded lower today as concerns over Greece continue to weigh down on sentiment. On Sunday the Greek Prime Minister Alexis Tsipras stated that the nation would not settle with the terms of its old bailout agreement. France’s CAC 40 is down by 0.26% and DAX down by 0.54%. The Euro also took a tumble after Friday’s strong U.S. Nonfarm payrolls. The EUR/USD is currently trading around 1.300.
During early U.S. trade, the Dollar remained supported after U.S. jobs data on Friday showed that the number of people employed during the previous month had risen by 257,000, above the expected figure of 234,000. The positive NFP result could influence the U.S. Federal Reserve to raise interest rates sooner than expected. Later today, FOMC member Powell will be speaking, traders will listen very closely for clues regarding future monetary policy.
Todays events:
6:40 GMT – GBP – BoE Gov Carney Speaks – As head of the BOE’s Monetary Policy Committee which controls short term interest rates, Carney has more influence over sterling’s value than any other person.
7:00 GMT – EUR – German Trade Balance – The Trade Balance measures the difference in worth between exported and imported goods over the month.
13:15 GMT – CAD – Housing Starts – Housing starts measures the change in the annualized number of new residential buildings that began construction during the reported month.
21:00 GMT – USD – FOMC Member Powell Speaks – Due to speak about Audit the Fed and Other Proposals. Federal Reserve FOMC members vote on where to set the nation’s key interest rates.
23:50 GMT – JPY – Tertiary Industry Index – measures the change in the total value of services purchased by businesses.
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