Todays Hot Asset Gazprom Gazprom are one of Russias biggest natural gas and oil refiners. Their share price has been effected heavily by the current political situation between Ukraine and Russia. Investors are also reacting each time the EU or the U.S. imposes new sanctions. However, Russia has promised to create a multi-billion dollar fund to help companies and this has been noticed by investors. Their share price has increased 1.97% so far today and I expect this upwards trend to continue until the end of the day. So you can take a call position for the end of the day on Gazprom if their share price is 138.40 or lower. Market News Forex The first currency pair I shall discuss within this section in the USD/RUB. The Russian rouble has weakened tremendously recently following the sanctions imposed on the country by the EU and the U.S. Due to this the USD/RUB is trading 0.48% so far today and this asset will make interesting viewing for binary options investors. The GBP/USD has dropped 0.36% during the session today. The dollar is continuing to gain support, as investors expect the Federal Reserve in the U.S. to increase the national interest rate imminently. The AUD/USD has also slid 0.39% so far today, as investors reacted to the release of the Reserve Bank of Australias latest meeting minutes. The RBA revealed they expect to keep interest rates at the current level for the foreseeable future and lead to the AUD weakening against the dollar. Stocks/Indicies Stocks in the U.S. closed the opening session of the week trading mixed to lower. Investors in the U.S. were confused during the session, as they await the IPO of Alibaba and anticipate the upcoming Federal Reserve policy statement on Wednesday. The state of confusion was reflected in equity values. The Dow Jones increased 0.26% whilst the S&P 500 and NASDAQ both fell 0.07% and 1.07% respectively. Stocks in Asia continued the losses investors witnessed in the U.S. yesterday and ended the day lower. Investors in Asia are looking ahead to the Federal Reserves upcoming meeting and this is quelling any appetite for equities. The Shanghai Composite Index fell 1.8% and the Hang Seng slid 0.9%. Equities in Europe are also on the slide as the session enters into its later half. Investors in Europe are looking ahead to both the Federal Reserves upcoming policy meeting and the vote on Scottish independence which will happen on Thursday. Those two events alone are enough to make most investors take a back seat until they know more information and as a result equity values are sliding down. The DAX is currently 0.36% lower, the FTSE 100 is 0.43% down and the CAC 40 is also trading lower 0.45%. Commodities Copper is making extremely interesting viewing for binary options investors at the moment. The price in continuously fluctuating before the Federal Reserve policy meeting tomorrow. The movement is creating plenty of attractive short term trading opportunities for binary options investors. The price of oil per barrel has slid 0.39% so far today. Yet again this is due to investors awaiting the outcome of the upcoming Federal Reserve meeting on Wednesday. Market Events All the events below will be listed in GMT time the same as the CherryTrade platform. 12:30 GMT – CAD – Manufacturing Sales (MoM) 12:30 GMT – USD – Core PPI (MoM) & PPI (MoM) 13:00 GMT – USD – TIC Net Long-Term Transactions 16:45 GMT – CAD – Bank of Canada Governor Poloz Speaks (Speech) 22:00 GMT – NZD – Westpac Consumer Sentiment 22:45 GMT – NZD – Current Account (QoQ) & Current Account (YoY)
Posted on: Tue, 16 Sep 2014 12:42:15 +0000
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