Market Movers: Bank of China Cuts Rates, Risk Appetite Market Entry

Policy of cuts in interest rates and reserve requirement by the Central Bank of China yesterday has prompted the return of risk appetite to financial markets. Stimulus Helps Shanghai Composite Opened Up 0.5%). Asian stock index futures rose this morning. The yen started to weaken again. The US dollar index also rebounded briefly to 94.70 area after Monday weighed down by 92.62.

This night market looking forward to the data or the Durable Goods Orders Durable Goods Orders in July. Data is estimated to decline by 0.4% compared to the previous month. Results were better than expected it could encourage the strengthening of the US dollar.

Market movers for the US dollar will also come from the head of the US Central Bank branch of New York, William Dudley. He will hold a press conference on the local and regional economy and will probably comment on future monetary policy. Comments on monetary policy that could be driving the prices in the financial markets.

While the market for WTI crude oil, WTI crude oil prices which remained below $ 40 per barrel would get a market mover of the data the US WTI crude oil stockpiles. Data is expected to occur in the last week's stock increase of 1 million barrels. The addition of the stock would depress oil prices.