December 9, 2013 - Daily Market News

Today's Hot Assets: euro , U.S. dollar

Asian stock market opened in green numbers . Nikkei added 2.29 % after U.S. data on Friday began a positive attitude in the financial markets . On the contrary of the European part of the Asian stock opened in the red numbers and FTSE loses 0,14%, CAC 0,19%. On Friday, the euro / dollar strengthened and touched the 1.3720 level . Volatility increases as soon as the U.S. non-farm payrolls came out and showed 203,000 jobs added to the economy. Despite the very strong data market reacted with a mixture of movements in the case of EUR / USD Bullish model took over. Why the market reacted in the opposite way that we would expect ? One possible answer general positivism on the market if more trades are starting to invest their money in stocks and forex (Dow Jones gained almost 200 points ) . Second answer speculation narrows. Data even thought that we see improvement, to a seasonally adjusted nothing positive which means that the Fed can not start shrinking soon. Today, German Industrial Production will be released at 11:00 am ( GMT). Last result came out negative , but we expect that these data came out positive . We must pay attention to performance FOMC member James Bullard , which is a little belligerent and can support previously narrowed.

Today's main event:

11:00 GMT : EUR - German Industrial Production - measures the change in the total inflation-adjusted value of output produced by manufacturers , mines , and utilities.

17:15 GMT : GBP - Head of Bank of England Governor Mark Carney - will speak at the Economic Club of New York - York

18.05GMT: USD - FOMC Member James Bullard - will talk about the economic outlook and monetary policy in the Chartered Financial Analysts Society of Saint - Louis. Audience questions expected.