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Blog / Forex news / --->14-06-11 - Daily Market Review

--->14-06-11 - Daily Market Review

6/14/2011

	Important Financial Indicators of the day		Forecast	Previous
UK	8:30 (GMT)	CPI y/y	4.5%	4.5%
US	12:30 (GMT)	Core Retail Sales	0.3%	0.6%
NZ	22:45 (GMT)	Core Retail Sales q/q	0.7%	0.0%

Currencies

EUR/USD recovered from yesterday's lows of 1.4320 on the back of increased risk appetite.

USD/JPY continued to rally, on the back of a weaker YEN, also on increased risk appetite.

GBP/USD recovered from yesterday's lows, trading at 1.6400's, on the back of a weaker USD. Resistance seen at 1.6435.

Commodities

Gold recovered after hitting support of 1513.

Oil continued to fall, hitting session lows of 96.12. Crude was trading at 97.70 at the time of writing of this report.

Equities

U.S. stocks closed mostly positive Monday. DOW closed up by 0.01% and S&P closed up by 0.0.7%

European stocks were trading higher today, with FTSE up 38 points, CAC 29 points and DAX 79 points.

Asian stocks recovered Monday after the big fall on Sunday. Nikkei was up 100 points, Hang Seng 93 points and Shanghai 31 points.

Sources: Bloomberg, FT

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