US Stocks Mixed, Economic Data in Focus

May 19, 2016

During the session earlier, NASDAQ 100 Index, which includes 100 of the largest domestic and international non-financial companies, added 1.25 percent or 53.95. The Dow Jones Industrial Average futures went up 0.01 percent, while the S&P 500 futures lost 0.04 percent.

Meanwhile, Home Depot changed hands $137.50, up 1.6 percent as the company forecasted an increase of its full-year sales growth and profit. Apple climbed 0.7  percent to $94.55 behind the issue on its iOs 9.3.2 update. Prior to the earnings report of the TJX Cos, the stock traded 3.2 percent higher to $77.60.

The market perceived an increased of 0.3 percent of the consumer prices as the Commerce Department was set to disclose the April inflation figures. Technically, the core CPI is expected to advance 2.1 percent.

Before the market close, the Commerce Department reported an increase of the housing starts to 6.6 percent or 1.17 million units, while the building permits climbed 3.6 percent to 1.116 million units. Also, the U.S. consumer prices went up 0.4 percent in April and the Core consumer prices met the expected 0.2 percent.

Later today, Dallas Fed President Rob Kaplan was set to speak in Texas. Atlanta Fed President Dennis Lockart and San Francisco Fed President John Williams are speaking in Washington DC as well.

Most of the market players would pay attention to the statement of the Fed officials after the 1.2 percent drop in core inflation.The Federal Reserve usually observes the core inflation as it aims to make it 2 percent.

Apart from the Fed officials, Fed Chairwoman Janet Yellen is set to speak at the World Affairs Council in June prior to the highly awaited FOMC policy meeting.

Elsewhere, the U.S. dollar traded higher against a basket of currencies after the upbeat economic data. The U.S. dollar index climbed 0.12 percent to 94.65 close to the 3-week high of 94.84 last Friday. U.S. crude futures traded at $47.89 per barrel and the Brent crude futures lost 0.10 percent to $48.92 per barrel.

Publication source
Trade12 information  Trade12 reviews

October 21, 2016
Gold prices drop in Asia amid stronger greenback
On Friday, gold dropped during Asia trade amid a strengthening greenback as well as surging chances of a rate hike weighing on the hedge commodity...
October 21, 2016
ECB holds the rate unchanged with the pressure on Draghi
After a brief upturn seen in the late Asian trading, the currency retreats to the Wednesday close showing a tepid response to the ECB policy update. The New York FED leader William Dudley comments offered a support to the Dollar rally although the focus remained on the US inflation...
October 21, 2016
EURGBP Tests Major Support
This morning we saw the release of German PPI YoY and MoM figures for September. The former fell to -1.4%, compared to expectations of -1.2%. The latter was -0.2%, in line with expectations...

FBS Rating
FXTM Rating
Tickmill Rating
FxPro Rating
FIBO Group Rating
HYCM Rating

Grand Option Rating
OptionBit Rating
Anyoption Rating
Beeoptions Rating
OptionRally Rating
365BinaryOption Rating