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Daily Market Review 07/08/2013

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Binary Options: Daily Market Review 07/08/2013 US Opening U.S. stock index futures opened lower on Wednesday because of renewing concerns about when the Federal Reserve will begin tapering off asset purchases. Yesterday important news were announced for binary options investors, it became clear on Tuesday that the central bank is likely to reduce its stimulus program not earlier than September. Meanwhile, in Asia the Japanese yen hit a six-week high against the dollar. Nikkei index was below the key 14,000 level and Australia`s S&P ASX 200 index along with Kospi hit both twoweek lows. Fed concerns also influenced shares in Europe and U.K. Binary options investors were mainly focused on the first report from Bank of England`s Governor. It was announced that the central bank will not raise interest rates until the unemployment rate in the United Kingdom reaches 7%. There will be more Fed speeches on Wednesday, the economic outlook will be reviewed by Philadelphia Fed President at 09:30 a.m. After that it is scheduled that Cleveland Fed President speaks on the regional economy in Cleveland, Ohio at 10:40 a.m. Among data releases, consumer credit data for June will be released at 12 p.m. Expectations and forecasts are a $15 billion gain after the $19.6 billion rise in the month of May. Another event scheduled for today is the government to auction $24 billion in 10-year notes. Results will be available shortly after 10 a.m, following strong Tuesday $32 billion 3-year note auction. Disclaimer: The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.


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