July 3, 2013 - Binary Options Daily News
Dollar surges, while riskier currencies like the euro are in low demand today.
Both American and Asian shares were heavy losses yesterday.
Crude oil and gold continued to soar since this morning.
Major events today
Data euro and the United Kingdom to be determinant in the behavior of markets today
7:15 GMT EUR Spanish Services PMI - Level diffusion index based on surveyed purchasing in the service sector managers. It is positively correlated with interest rates - at the beginning of the business cycle an increase in the money supply leads to additional spending and investment, and later in the money supply growing cycle led to the inflation.
8:30 GMT GBP BOE Credit Conditions Survey - is correlated with spending and confidence - rising debt levels are a sign that lenders feel comfortable issuing loans, and consumers and businesses are confident in their financial situation and willing to spend money.
12:15 GMT USD ADP Non-Farm Employment Change - estimated change in the number of employed people during the previous month, with the exception of the agricultural sector and the government. Job creation is an important leading indicator of consumer spending, which accounts for the majority of overall economic activity. ADP provides payroll services to American companies, and analyze data from approximately 400,000 customers to derive estimates of employment growth.
13:30 GMT USD Trade Balance of the difference in value between imported and exported goods during the month indicated.
