August 21, 2013 - Daily Market News
Today the FOMC meeting minutes are published and can provide information about future monetary policy. All investors are waiting for this release and is now called into question, the tapering begin as positive signs have been seen in the USA. After a two-day decline in European stocks have shown little change in anticipation of this. U.S. stocks are rising due to the same reason. Asian stocks continue to fall as Japan's Nuclear Regulation Authority has increased the severity level of the Fukushima radioactive leak 7
WTI will continue to decline before the meeting minutes and Libya are preparing to open their export ports. Later today, crude oil inventories are released and may continue to affect the price - a good opportunity for binary options trading. Gold has been trading choppy and has already dropped significantly this year, driven speculation and monetary policy should be focused on later.
Today's main events:
10.00 GMT: GBP - CBI Industrial Trends Orders - measures the economic expectations of manufacturing executives in the UK is a leading indicator of business conditions. Above zero indicates the order book is expected to increase; below zero means the expectations are lower volumes. The reading is compiled survey of about 550 manufacturers.
14:00 GMT: USD - Home Sales - measures the change in annualized number of existing residential buildings were sold during the previous month. This report will help you to assess the strength of the U.S. housing market and is a key indicator of overall economic strength.
18.00 GMT: USD - FOMC Meeting Minutes - details of the policy-setting committee meeting about two weeks ago. Minutes provide detailed insights into the FOMC's position on monetary policy, currency traders carefully for clues to future interest rate decisions.
