19/06/2014 - June Daily Review

June 19, 2014 - Day Market News

 

Today's Hot Assets: USD

 

U.S. stocks rallied after the FOMC statement. The Fed stated that the economic recovery will continue and further strengthen, while inflation is under control. Another $ 10 billion is removed from the quantitative easing now. At $ 35 billion / month The S & P 500 closed 0.77% higher, once reached a record high at 1,956.98 and the Dow Jones closed 0.58% higher at 19,906.62. Asian stocks were mixed again. The Nikkei added 1.62%, as the dollar rose following Yellen comments. However, the Hang Seng was 0.11% due to concerns about the health of the Chinese economy. European shares opened higher as investors Yellen comments welcomed.

 

WTI Crude fell after the EIA reported a lower-than-expected decline in inventories. The price is now trading choppy as investors weigh up the data supply to the voltage in Iraq and Yellen comments. Gold will rise because of the increasing violence in Iraq. The Federal Reserve also stated that interest rates will remain low, enhances the physical demand for the metal.

 

Today's main event:

 

08.30 GMT Clock: GBP - Retail Sales - measure the change in the total value of inflation-adjusted retail sales

 

12.30 GMT Clock: USD - Initial jobless claims - measures the number of individuals who filed for unemployment insurance for the first time in the past week

 

14:00 GMT: USD - Philadelphia Fed Manufacturing Index - rates the relative level of general business conditions in Philadelphia

 

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