Daily Market News: May 14, 2015
May 14, 2015 2:40 pmVideo
Latest News
- Forecast for USD/JPY on April 19, 2024 April 19, 2024
- Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday April 19 2024. April 19, 2024
- Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday April 19 2024. April 19, 2024
- Michelle Bowman reiterated Jerome Powell’s opinion April 19, 2024
- The ECB has finally made up its mind April 19, 2024
- The dollar is in control April 19, 2024
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: trading plan for the US session on April 18th (analysis of morning deals) April 18, 2024
- Trading Signals for EUR/USD for April 18-20, 2024: buy above 1.0641 (21 SMA – 2/8 Murray) April 18, 2024
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 18-20, 2024: buy above $62,500 or $63,037 (4/8 Murray – rebound) April 18, 2024
- GBP/USD. April 18th. Andrew Bailey did not clarify the situation on QE April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 18-20, 2024: buy above $2,375 (6/8 Murray – 21 SMA) April 18, 2024
- Technical Analysis – Netflix stock moves within narrow range ahead of earnings April 18, 2024
- Technical Analysis – GBPUSD tries to recoup some losses April 18, 2024
- USD/JPY in crisis April 18, 2024
May 14, 2015 – Daily Market News
During the early trading session, Asian stocks traded lower as the global government bond sell off from major central banks continued as yields reached its highest levels since last year. The Nikkei share average was down 0.98%, closing at 19,570 points and the Shanghai dropped 1.55%. Following the release of positive data from New Zealand, the NZD increased against the Dollar and reached a weekly high of 0.756. The First quarterly Retail Sales and Core Retail sales both showed better than expected figures, indicating a strengthening economy.
European stocks opened nearly flat following yesterday’s Bond Auction report, the data showed that the average yield on the Bund auctioned surged to its highest percentage since November, causing concerns on the government debt situation. Currencies are currently trading with little movement as there are no important economic report releases from the Eurozone, however, the Dollar continues to weigh against its major counterparts including the EUR and the GBP, following yesterday’s weak data. The U.S. Core Retail Sales for April grew 0.1%, below the expected figure of 0.5% and the Monthly Retail Sales remained unchanged, with analysts expecting a 0.2% increase.
We expect to see more movement during the American trading session with the release of a number economic reports, including, the Core PPI, Initial Jobless Claims and more importantly the monthly PPI. Furthermore, Canada will release the New Housing Price Index. If the actual figures from the U.S. and/or Canadian data reports are worse than expected then this could weaken the USD or CAD accordingly.
Main Events (GMT)
13:30 -USD- Core PPI (MoM) (Apr)
13:30 -USD- Initial Jobless Claims
13:30 -USD- PPI (MoM) (Apr)
13:30 -CAD- New Housing Price Index (MoM) (Mar)
Related Posts: