July 30, 2013 - Daily Market News
The Japanese Yen weakened after industrial production was worse than expected, comes out at -3.3%. As a result, Asian equities have been pushed higher. The Australian dollar also fell after Governor Stevens said that interest rates can still go lower.
The upcoming FOMC policy meeting is causing movement of markets, the U.S. dollar is trading higher and gold futures are lower.
Oil futures are trading lower spurred by the political situation in Egypt. Friday's Nonfarm payroll costs should be closely monitored for binary options trading, as it could send the oil even lower if negative.
Today's main events:
07:00 GMT: EUR - GfK German Consumer Climate - measures the level of consumer confidence in economic activity. The data collected from a survey of about 2,000 consumers which asks respondents to judge the relative past and future economic conditions.
13:00 GMT: EUR - German CPI m / m and y / y - measures changes in the price of goods and services purchased by consumers.
15:00 GMT: USD - CB Consumer Confidence - measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. Higher readings indicate higher consumer optimism.
