U.S. stocks finished lower as increased sanctions were applied against Russia. Additional sanctions were placed on energy, defence and financial sectors as punishment against supporting separatists. This news offset positive data and earnings reports. At session close, the S&P 500 was 0.45% lower and the Dow Jones was 0.42% lower. Asian stocks rose across the region. The Nikkei added 0.18% as the Yen dropped from ¥101.9 to ¥102.1. The Hang Seng added 0.37%, gaining for a seventh session as traders continued to react to news of the ‘through train’ scheme which will allow direct trading between Hong Kong and Shanghai. European markets are mixed today as European investors react to the sanctions applied on Russia but remain hesitant ahead of a range of data coming from the U.S. data later today. Currently, The DAX is higher by 0.18%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.09% and 0.04% respectively.
WTI Crude gained after the API released inventory data that showed Crude stock to decline by 4.4 million barrels during the past week. Sanctions placed on Russia also bring fears that energy supplies could be restricted. Today, at 2.30 pm GMT, the EIA will be releasing separate inventory data and should cause some great short term trading opportunities. Gold dropped yesterday after CB Consumer Confidence came out better than expected and as traders began to speculate before the FOMC statement. The Chairman of the Fed, Janet Yellen, has increased expectations over a potential hike in interest rates as she has continuously stated that improving labour and housing data could lead to this. As today is a big day for data, it should be a great time to trade binary options!
Today’s Main Events:
12.00 GMT: EUR – German CPI – measures the changes in the price of goods and services purchased by consumers.
12.15 GMT: USD – ADP Nonfarm Employment Change – measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients.
12.30 GMT: USD – GDP – measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy.
18.00 GMT: USD – FOMC Statement – The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) statement is the primary tool the panel uses to communicate with investors about monetary policy.
July 30, 2014 – Daily Market News
Today’s Hot Assets: USD, Gold, Oil
U.S. stocks finished lower as increased sanctions were applied against Russia. Additional sanctions were placed on energy, defence and financial sectors as punishment against supporting separatists. This news offset positive data and earnings reports. At session close, the S&P 500 was 0.45% lower and the Dow Jones was 0.42% lower. Asian stocks rose across the region. The Nikkei added 0.18% as the Yen dropped from ¥101.9 to ¥102.1. The Hang Seng added 0.37%, gaining for a seventh session as traders continued to react to news of the ‘through train’ scheme which will allow direct trading between Hong Kong and Shanghai. European markets are mixed today as European investors react to the sanctions applied on Russia but remain hesitant ahead of a range of data coming from the U.S. data later today. Currently, The DAX is higher by 0.18%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.09% and 0.04% respectively.
WTI Crude gained after the API released inventory data that showed Crude stock to decline by 4.4 million barrels during the past week. Sanctions placed on Russia also bring fears that energy supplies could be restricted. Today, at 2.30 pm GMT, the EIA will be releasing separate inventory data and should cause some great short term trading opportunities. Gold dropped yesterday after CB Consumer Confidence came out better than expected and as traders began to speculate before the FOMC statement. The Chairman of the Fed, Janet Yellen, has increased expectations over a potential hike in interest rates as she has continuously stated that improving labour and housing data could lead to this. As today is a big day for data, it should be a great time to trade binary options!
Today’s Main Events:
12.00 GMT: EUR – German CPI – measures the changes in the price of goods and services purchased by consumers.
12.15 GMT: USD – ADP Nonfarm Employment Change – measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients.
12.30 GMT: USD – GDP – measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy.
18.00 GMT: USD – FOMC Statement – The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) statement is the primary tool the panel uses to communicate with investors about monetary policy.
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