The U.S. Stock Indices ended up yesterday in red numbers. Nasdaq decreased by -0.59%, S&P500 by -0.89%. The biggest looser yesterday was Nokia Corporation which lost on NYSE 8.7%. However the S&P500 index was down mainly due to bad Bank performance (Bank of America -1.69%, Citigroup -2.27%, Goldman Sachs -1.69%). The general pessimism on the market made the price of Gold to raise and reach the highest price in 5-weeks $1,265/ounce. Today we should pay attention to Canadian CPI data which are predicted -0.4%. We will see also Mario Draghi (President of European Central Bank) speak at 5.00PM (GMT).
The GBP/USD pair increased to its highest levels since May 2011. With lack of data we should expect some price reversal and technical correction down. On the EUR/USD we might see some movement up spurred by bullish sentiment on the Euro market.
Today’s main events:
09.30 GMT: GBP – Bba Mortgage Approvals – measures the number of new mortgages approved by BBA-backed banks during the previous month. It includes more than half of the total U.K. mortgage market. It provides information about the buyers in the housing market in the U.K.
13.30 GMT: CAD– Core CPI – measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer
January 24, 2014 – Daily Market News
Hot asset for today: GBP/USD
The U.S. Stock Indices ended up yesterday in red numbers. Nasdaq decreased by -0.59%, S&P500 by -0.89%. The biggest looser yesterday was Nokia Corporation which lost on NYSE 8.7%. However the S&P500 index was down mainly due to bad Bank performance (Bank of America -1.69%, Citigroup -2.27%, Goldman Sachs -1.69%). The general pessimism on the market made the price of Gold to raise and reach the highest price in 5-weeks $1,265/ounce. Today we should pay attention to Canadian CPI data which are predicted -0.4%. We will see also Mario Draghi (President of European Central Bank) speak at 5.00PM (GMT).
The GBP/USD pair increased to its highest levels since May 2011. With lack of data we should expect some price reversal and technical correction down. On the EUR/USD we might see some movement up spurred by bullish sentiment on the Euro market.
Today’s main events:
09.30 GMT: GBP – Bba Mortgage Approvals – measures the number of new mortgages approved by BBA-backed banks during the previous month. It includes more than half of the total U.K. mortgage market. It provides information about the buyers in the housing market in the U.K.
13.30 GMT: CAD– Core CPI – measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer
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