November 14, 2013 - Market News Journal
Today hot assets : USD, Gold , Oil
Janet Yellen , the next head of the Federal Reserve, is due to speak today (15:00 GMT). The testimony was released prematurely. He noted that the U.S. economy is stronger and continues to improve . However , unemployment remains high and inflation remains below target . Consequently , monetary policy should remain accommodative to further promote recovery. This increased speculation that taper will not start in the near future. His comments had an impact on the market and stocks advanced . U.S. stocks gained with the S & P 500 closing 0.81 % higher and the Dow Jones closed 0.45 % higher. Asian stocks were also strengthened , the Hang Seng closed 0.82 % higher and the Nikkei closed 2.12 % higher. European stocks open higher.
WTI won yesterday due to supply disruptions in Libya. The price is going after a report by the American Petroleum Institute reported that the shares rose by 600,000 barrels. Oil traders wait for inventory data later today. Gold rose after the testimony was released Yellen . Physical demand from China rose to the highest in a month. Traders should wait for later Yellen 's speech and any issues that may follow.
Today Main Events :
07.00 GMT: EUR - German GDP ( QoQ ) / (YoY ) - measure of economic activity and is a key indicator of economic health . The quarterly percent changes in GDP shows that the growth rate of the economy as a whole.
09.00 GMT: EUR - ECB Monthly Report - The European Central Bank ( ECB) monthly report contains the statistical data that policymakers evaluate when setting interest rates . The report also provides a detailed analysis of current and future economic conditions from the bank's perspective analysis.
09.30 GMT: GBP - Retail Sales (MoM ) - measure the change in the total value of inflation-adjusted sales at the retail level . It is the most important consumer spending , which accounts for the majority of overall economic activity indicator.
10.00 GMT : U.S. - GDP ( QoQ ) - measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the health of the economy.
13.30 GMT: USD - Jobless Claims - measures the number of individuals who filed for unemployment insurance for the first time during the last week . This is the first economic data from the United States, but the market impact varies from week to week .
15.00 GMT: USD - FOMC Member Yellen speaks - Dr. Yellen served as board member of the Federal Open Market Committee (FOMC ) voting member . Yellen is talk. FOMC members are responsible for setting the benchmark interest rate and their speeches are closely watched for indications on the future possible direction of monetary policy . His comments may determine a positive or negative short-term trend.