Twitter finally reversed its sharp drop yesterday and finished slightly below 32.00. Compared to its price about two weeks ago ($42.00) we see that investors lost its trust in Twitter company. Index S&P500 finished slightly lower (-0.14%). The main event yesterday was the speech of European central bank president Mario Draghi. First he started in a hawkish tone when he pointed on economic recovery, however later in his speech he pointed that ECB may ease in June which sent the Euro down. EUR/USD finished on its support at 1.3830 and today will be traded in bearish mood. Janet Yellen in her second testimony did not surprised anyhow.
Today Telefonica SA is about to release its Q1 earnings which might give us some good trading opportunities. On the other hand we do expect some increase in Barclay’s as they announced closing 7000 job positions.
Today’s Main Events:
08.30 GMT: GBP – Manufacturing Production – measures the change in the total inflation-adjusted value of output produced by manufacturers
12.30 GMT: CAD– Unemployment Rate – measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month.
14.00 GMT: USD – JOLTS Job Openings
22.00 GMT: USD – FOMC Member Kosherlakota Speaks – Due to speak at the 2014 Annual Asian Pacific American Heritage Dinner, in Minnesota
May 9, 2014 – Daily Market News
Hot Asset For Today: GBP
Twitter finally reversed its sharp drop yesterday and finished slightly below 32.00. Compared to its price about two weeks ago ($42.00) we see that investors lost its trust in Twitter company. Index S&P500 finished slightly lower (-0.14%). The main event yesterday was the speech of European central bank president Mario Draghi. First he started in a hawkish tone when he pointed on economic recovery, however later in his speech he pointed that ECB may ease in June which sent the Euro down. EUR/USD finished on its support at 1.3830 and today will be traded in bearish mood. Janet Yellen in her second testimony did not surprised anyhow.
Today Telefonica SA is about to release its Q1 earnings which might give us some good trading opportunities. On the other hand we do expect some increase in Barclay’s as they announced closing 7000 job positions.
Today’s Main Events:
08.30 GMT: GBP – Manufacturing Production – measures the change in the total inflation-adjusted value of output produced by manufacturers
12.30 GMT: CAD– Unemployment Rate – measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month.
14.00 GMT: USD – JOLTS Job Openings
22.00 GMT: USD – FOMC Member Kosherlakota Speaks – Due to speak at the 2014 Annual Asian Pacific American Heritage Dinner, in Minnesota
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