Yesterday we saw another impressive increase in the U.S. stock market. S&P500 touched its record high when reached the value of 1,914.50. The main driver came from technology sector. We saw for example Apple Inc. increasing by 1.87% or Facebook by great 3.47%. On the other hand the Oil&Gas sector did not performed well. Petroleo Brasileiro SA decreased by almost 2%. The Asian stock opened in a positive sentiment despite Chinese industrial profit which showed a slowdown in mining. The Tokyo index Nikkei 225 finished 0.24% up. Today we might see some price correction after such a sharp increase so we should be careful with buying positions and trade more short-term.
Euro has been under pressure for past 3 weeks as investors weighting the risk of possible European central bank interest rate cut. We can see that EUR/USD has bounced twice on 1.3610 level, however once we see the pair below 1.3600 level that might cause huge sell out and send the pair even lower. The EUR/JPY pair decreased from 139.35 to 138.65 and facing its support at 138.50.
Today’s main events:
7.55 GMT: EUR – German Unemployment Change – Change in the number of unemployed people during the previous month
10.00 GMT: GBP – CBI Realized Sales – Level of a diffusion index based on surveyed retailers and wholesalers
23.50 GMT: JPY – Retail Sales – Change in the total value of sales at the retail level
May 28, 2014 – Daily Market News
Yesterday we saw another impressive increase in the U.S. stock market. S&P500 touched its record high when reached the value of 1,914.50. The main driver came from technology sector. We saw for example Apple Inc. increasing by 1.87% or Facebook by great 3.47%. On the other hand the Oil&Gas sector did not performed well. Petroleo Brasileiro SA decreased by almost 2%. The Asian stock opened in a positive sentiment despite Chinese industrial profit which showed a slowdown in mining. The Tokyo index Nikkei 225 finished 0.24% up. Today we might see some price correction after such a sharp increase so we should be careful with buying positions and trade more short-term.
Euro has been under pressure for past 3 weeks as investors weighting the risk of possible European central bank interest rate cut. We can see that EUR/USD has bounced twice on 1.3610 level, however once we see the pair below 1.3600 level that might cause huge sell out and send the pair even lower. The EUR/JPY pair decreased from 139.35 to 138.65 and facing its support at 138.50.
Today’s main events:
7.55 GMT: EUR – German Unemployment Change – Change in the number of unemployed people during the previous month
10.00 GMT: GBP – CBI Realized Sales – Level of a diffusion index based on surveyed retailers and wholesalers
23.50 GMT: JPY – Retail Sales – Change in the total value of sales at the retail level
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