MARKET OVERVIEW MARCH-14-2014 WWW.FXCLOUD360.COM Global Markets fell due to Ukraine tensions on Thursday which may affect Fridays trading sessions Friday sees Chinas foreign direct investment numbers published, the previous reading being +16.1%. Japans revised industrial production is predicted to come in at 4% up month on month. Germanys final CPI is expected in at 0.5% up month on month. Swiss CPI is expected in at 0.3% up. Europes employment change is expected to remain at zero, quarter on quarter. From the USA PPI is expected in at 0.2%, core inflation at 0.1%. Preliminary university of Michigan consumer sentiment is expected in at 81.9. The DJIA closed down 1.41%, SPX down 1.17%, NASDAQ down 1.46%. Euro STOXX closed down 1.50%, CAC down 1.29%, DAX down 1.86%, FTSE down 1.01%. The DJIA equity index future is down 1.36%, SPX future down 1.12%, NASDAQ future down 1.50%. Euro STOXX future is down 1.47%, DAX future down 1.96%, CAC future down 1.74%, FTSE future down 1.40%. NYMEX WTI oil finished the day up 0.24% at $98.23 per barrel, NYMEX nat gas down 2.54% at $4.38 per therm. COMEX gold finished the day up 0.04% at $1371.00 per ounce with silver down 0.81% at $21.18 per ounce. The euro fell 0.3 percent to $1.3868 late New York time, after rallying earlier to $1.3967, the highest since October 2011. The yen strengthened 0.9 percent to 101.84 per dollar and touched 101.54, the strongest level since March 4th. The Japanese currency climbed 1.1 percent to 141.25 per euro and reached 140.72, the strongest since March 6th. The euro fell versus the dollar as the European Central Bank signalled it’s monitoring gains in the currency for deflation risks. The yen rose on demand for a haven amid turmoil in Ukraine and pessimism about China’s economy. Australia’s dollar climbed after the statistics bureau said employers added 47,300 positions last month, surpassing the 15,000 gain forecast in a Bloomberg survey. The Aussie gained as much as 1.3 percent to 91.04 U.S. cents, the highest since March 7th, before trading at 90.31 cents, up 0.5 percent. The Canadian dollar rose against the majority of the greenback’s 31 most-traded peers, gaining 0.4 percent to C$1.1076 per U.S. dollar. The U.K. currency rose 0.4 percent to $1.6681 late afternoon London time, the biggest gain since Feb. 14th. Sterling climbed 0.2 percent to 83.49 pence per euro after depreciating to 83.78 pence, the weakest since Dec. 27th. The pound strengthened the most in a month against the dollar as speculation the Bank of England will increase interest rates helped the currency extend its rally. \ Sterling has rallied 12 percent in the past year, the best performer of the 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes. The euro advanced 7 percent, while the dollar weakened 1.2 percent. Japan’s currency extended its advance against the dollar today as yields on U.S. Treasury 10-year notes dropped, dimming the appeal of dollar-denominated assets. The yields sank as much as nine basis points, or 0.09 percentage point, the most since Jan. 23rd on an intraday basis, to 2.64 percent. They increased earlier to 2.75 percent. The U.K. 10-year yield fell six basis points, or 0.06 percentage point, to 2.69 percent, the lowest level since March 4th. \ The 2.25 percent gilt maturing in September 2023 rose 0.48, or 4.80 pounds per 1,000-pound face amount, to 96.315. Yields on 30-year bonds decreased eight basis points, or 0.08 percentage point, to 3.59 percent at 5 p.m. New York time after dropping nine basis points, the biggest drop since Jan. 23rd. The yield was the lowest since March 4th on a closing basis. The 3.625 percent security due in February 2044 added 1 1/2, or $15 per $1,000 face amount, to 100 5/8. Treasuries rose for a fourth day, the longest streak since November, as investors sought refuge from turmoil in Ukraine’s Crimea region and bolstered demand at the government’s auction of $13 billion of 30-year bonds.
Posted on: Fri, 14 Mar 2014 08:59:53 +0000
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