23/09/2013 - September Daily Review

September 23, 2013 - Daily Market News

 

The majority of equity indices started the week negatively exception of China (which was closed for the last two working days, and now adds 1.38%) and Japan stayed closed because of the holidays so the binary options traders should hold short. The goods slightly increased and Crude Oil is slowly returning to 105.00.

 

In a Forex GBP / USD pair back already 50% of the jump caused by the Fed shock during Thursday's opening hours. During Friday price slightly declined again and closed the week slightly above 1.6000. This week rate began to increase substantially due to the German choice. Today at 01:00 (CET) on the U.S. Flash Manufacturing PMI will be released. Looking back on the past results we can see that the PMI came out essentially the same as predicted. Today prediction is 54.2 and the results show a higher value than 55.0 we can see the pair under 1.6000.

 

Today's main events:

 

1:00 p.m. GMT: EUR - ECB President Draghi Speaks - Mario Draghi (Born September 3, 1947) is an Italian banker and economist who has been governor of the Bank of Italy and succeeded Jean Claude Trichet as president of the European Central Bank began in November 2011 . As the head of the European Central Bank, which controls short term interest rates, he has more influence over EUR value than another person.

 

1:00 p.m. GMT U.S. - Flash Manufacturing PMI - Level by a diffusion index based on survey purchasing managers in the manufacturing sector.