Market volume has been down with China closed
Today’s Reports and Announcements of Significance to the Market
Today’s Major Economic Events: Below you will find the top tier economic events for today. These events have the ability to move the markets. If you want to learn more about understanding these reports and the economics calendar, contact iOption live chat and asked to be enrolled for our webinar about trading the economics calendar.
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Feb. 14 |
06:30 |
EUR |
French GDP (QoQ) |
-0.2% |
0.1% |
|
07:00 |
EUR |
German GDP (QoQ) |
-0.5% |
0.2% |
|
|
|
07:00 |
EUR |
German GDP (YoY) |
0.2% |
0.4% |
|
|
07:45 |
EUR |
French Non-Farm Payrolls (QoQ) |
-0.2% |
-0.3% |
|
|
10:00 |
EUR |
GDP (QoQ) |
-0.4% |
-0.1% |
|
|
13:30 |
USD |
Initial Jobless Claims |
360K |
366K |
|
|
13:30 |
USD |
Continuing Jobless Claims |
3200K |
3224K |
|
|
21:45 |
NZD |
Core Retail Sales (QoQ) |
|
-0.3% |
|
|
21:45 |
NZD |
Retail Sales (QoQ) |
1.1% |
-0.4% |
Global Markets
GLOBAL MARKETS
European bourses continued gains to end on the upside yesterday. EU markets were strenghted a positive open in the US while the FTSE 100 got a technical push up after breaking above its 2013 highs. U.S stocks ended off session lows but the Dow still finished in negative territory Wednesday, as investors took a pause amid a lack of significant market catalysts and after the S&P briefly hit its highest level since December 2007. Market volume has been down with China closed and focus on the upcoming G20 meetings and distracted by the North Korean nuclear test.
Global Currency
EURO DOLLAR
Ahead of the G20 meetings in Russia, where currency wars will take the spotlight, the euro remains in a tight range in the mid 1.34 price level. The euro was strengthened by the ECB and G7 support of the value of the currency. There has been little in the way of EU data, and in the US traders saw a positive print in retail sales which was a surprise, as expectations were for a weak report due to the payroll tax increase passed along as part of the Fiscal Cliff package.
THE STERLING
The pound fell 124 pips yesterday and was off again by 17 pips this morning, trading at 1.5523. The Bank of England released its Inflation Report yesterday followed by a speech by BoE Governor King and he saw ongoing inflation in the UK. The UK economy has confused traders and economists, as austerity measures seem to be making no dent.
ASIAN CURRENCIES
The JPY yen had gained a bit of momentum early yesterday but gave up mid-day and moved back over the 93 price level and is trading at 93.47 this morning with the US dollar gaining momentum ahead of the Bank of Japan meetings today.
Metals and Energy
GOLD
Gold has been trading in a tight range with no direction as there has been very little influence the markets. Gold is trading in a tight range below the 1650 range holding close to the 1645.00 price level this morning. Gold took a tumble earlier in the week as traders were in a more positive mood.
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English
French 
German 
Spanish 
Arabic 
Portuguese (Brazil) 
