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US CPI near its inflation target

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Currencies

  • The euro (EUR) crashed yesterday while it reached its 8-month low against the US dollar (USD) at 1.3458. The single currency dropped after the yearly US CPI announcement which was near the target inflation that Fed set. This means that Fed might increase interest rates earlier than expected.
  • The US dollar (USD) climbed towards 101.59 against the Japanese yen (JPY). The monthly US CPI and the US Existing Home Sales were near expectations, as US might be the first country raising interest rates.

Equities

  • US equities gained yesterday. The US 500 (SPI) advanced to 1980, the US 30 (DOW) went to 17067 and the US Tech (NDQ) to 3958.

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Corn near 4-year low as good weather in the US increases supply

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Currencies

  • The euro (EUR) dropped yesterday down to 1.3512 against the US dollar (USD). The single currency has formed its resistance at 1.3545 and support at 1.3500 while edging lower.
  • The US dollar (USD) rose from 101.19 towards 101.50 against the Japanese yen (JPY). The monthly US CPI and the US Existing Home Sales are coming ahead with expectations of at 0.2% and 4.98M respectively.

Equities

  • Asian equities advanced earlier today as investors believe that the tensions in Ukraine won’t hurt the global economic growth. The Hong Kong 40 (HSX) recorded 7 months high at 23608, the Japan 225 (NKI) went up to 15407, China 50 (CNX) to 6790 and India 50 (IND) towards 7743.

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Euro hit 1.35, its lowest level since January

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Currencies

  • The euro (EUR) collapsed and reached its lowest level since January at 1.3500 against the US dollar (USD). The single currency continues its bearish momentum, on speculation that the Federal Reserve may increase the interest rates by the middle of 2015.
  • The US dollar (USD) traded near its 6 months low last week against the Japanese yen (JPY), while is now  trading around 101.20. It looks that investors shift towards haven assets after the crash of the Malaysian airlines on Thursday. Thus the appreciation of the yen.

Equities

  • Global indices were hit on Thursday and it looks that they are now recovering, with the US 500 (SPI) rose from 1942 up to 1973, the UK 100 (FTS) increase from 6640 up to 6719 and the Australia (ASX) climbed up to 5503.

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Palladium reaches 13-year high as demand increases

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Currencies

  • The euro (EUR) dropped against the US dollar (USD) to 1.3525. The single currency is under pressure as today the yearly EU CPI will be announced while expectations lie at 0.5%.
  • The US dollar (USD) fell towards 101.51 against the Japanese yen (JPY). The US Unemployment and Philly Fed Manufacturing Index is coming ahead with expectations of 310K and 15.6 respectively.

Equities

  • European equities advanced yesterday. The GER 30 (DAX) went to 9862, the EUStocks 50 (ESX) to 3201 and the France 40 (CAC) to 4368.

Commodities

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