August 16, 2013 - Binary Options Daily News Market

Once again there is speculation that the United States could reduce recovery earlier than two claims for unemployment benefits fell yesterday. Asian stocks, European and U.S. shares fell. Hang Seng fell 0.3% and the Dow Jones Industrial Average fell 1.5%.

WTI is trading at a near two-week high. The political situation in Egypt develops and adds to fears that oil supplies could be hampered by the Suez Canal. There is a section in the Gulf of Mexico tropical storm can cause potential oil climbing higher and higher. Gold is trading higher due to signs of increased physical demand and a drop in shares.

Main events of the day:

09:00 GMT: EUR - CPI m /, y / y - measures the change in prices of goods and services from the point of view of the consumer. It is a key way to measure changes in purchasing trends and inflation. The impact on the currency can go in both directions, an increase in the CPI may lead to higher interest rates and an increase in local currency, on the other hand, in a recession, an increase of CPI may lead to a worse recession and therefore a fall in local currency.

12:30 GMT: USD - Building Permits - measures changes in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.

12:30 GMT: USD - Starts - measures the change in the annualized number of new residential buildings that began construction during the month indicated. It is a leading force in the housing sector indicators.

13.55 GMT: USD - Michigan Consumer Sentiment - rates the relative level of current and future economic conditions. There are two versions of these released two weeks apart, preliminary and revised data. Preliminary data tends to have a greater impact. The reading is compiled from a survey of about 500 consumers.