Daily Market News: March 26, 2014
March 26, 2014 9:40 amVideo
Latest News
- Euro will return to parity April 12, 2024
- Trading Signals for ETH/USD (Ethereum) for April 12-15, 2024: buy above $3,435 (3/8 Murray – 200 EMA) April 12, 2024
- EUR/USD. Analysis for April 12th. The euro falls down under the pressure of the news background April 12, 2024
- GBP/USD. Analysis for April 12th. A significant event: the pound fell below the 25-figure April 12, 2024
- Trading Signals for EUR/USD for April 12-15, 2024: buy above 1.0620 (-2/8 Murray – rebound) April 12, 2024
- GBP/USD: trading plan for the US session on April 12th (analysis of morning deals). The pound followed the euro April 12, 2024
- EUR/USD: trading plan for the US session on April 12th (analysis of morning deals). The euro continues to fall April 12, 2024
- EUR/USD and GBP/USD: Technical analysis on April 12 April 12, 2024
- EUR/USD: Dovish signals from the ECB and rising PPI April 12, 2024
- EUR/USD. April 12th. ECB meeting: confidence in rate cut increased in June April 12, 2024
- GBP/USD. April 12th. British economy continues to stagnate April 12, 2024
- Analysis and trading tips for EUR/USD on April 12 (US session) April 12, 2024
- Analysis and trading tips for USD/JPY on April 12 (US session) April 12, 2024
- Analysis and trading tips for GBP/USD on April 12 (US session) April 12, 2024
- Weekly Forex Outlook: 12/04/2024 – More inflation data on the way as rate cut bets in disarray April 12, 2024
- Technical Analysis – GBPUSD ticks down to new 5-month low April 12, 2024
- Bitcoin holds above $70,000 as halving event looms – Crypto News April 12, 2024
- Week Ahead – More inflation data on the way as rate cut bets thrown into disarray April 12, 2024
- Bitcoin will thrive during supply crisis April 12, 2024
- Technical Analysis – EURUSD plummets after US CPI and ECB decision April 12, 2024
March 26, 2014 – Daily Market News
Today’s Hot Assets: USD,Oil
U.S. stocks rose yesterday after CB Consumer Confidence data came out better than expected. The measure increased to 82.3, the highest level in 6 years suggesting the economy is once again picking up after the bad weather subsided. At the close of U.S. trading, the Dow Jones had gained 0.56%, the S&P 500 had gained 0.44%, and the Nasdaq had gained 0.19%. Stocks in Asia also climbed following in the direction of US markets. The Nikkei closed 0.37% higher, the index originally traded higher but sentiment is weaker ahead of the end of the quarter and an expected hike in consumption tax due next week. The Hang Seng closed 0.72% higher after the Agricultural Bank of China posted reported earnings which reassured investors about levels of bad debts in the financial system. European stocks have started the day higher after the Budesbank Chief spoke yesterday. He stated that negative deposit rates could be the solution to dealing with the impact of the stronger Euro and that the bank could fight deflation by buying assets from banks. In early trade The DAX was up 0.68%, the CAC 40 was up 0.29% and the FTSE 100 was up 0.22%.
WTI crude continues to trade choppy in the face of mixed data. The API reported an increase in crude and distillates stock yesterday as expected pushing prices lower. However stronger U.S. data coupled with the geopolitical tension in Ukraine limited losses. The EIA will be releasing inventory data later today at 2.30pm (GMT). Gold dropped to a 6 month low due to talk from the Fed that interest rates could be increased at the beginning of next year. The price then climbed slightly as investors turned to safe haven assets due to the tension with Russia. Gains were limited, however, due to the oil spill in the Houston Ship Channel and as the weak Yuan lowers physical demand from China. As always, investors should focus on U.S. data being released later in the day including Core Durable Goods Orders at 12.30 pm GMT).
Today’s Main Events:
07.00 GMT: EUR – GfK German Consumer Climate – measures the level of consumer confidence in economic activity
12.30 GMT: USD – Core Durable Goods Orders – measures the change in the total value of new orders for long lasting manufactured goods, excluding transportation items. Because aircraft orders are very volatile, the core number gives a better gauge of ordering trends
21.45 GMT: NZD – Trade Balance – measures the difference in value between imported and exported goods and services over the reported period
Related Posts: