Daily Binary Options Update – May 12, 2010

Gold, Gold, Gold!
This is the time to buy Gold! On Tuesday, the June and May gold futures contracts rallied to finish at record closing levels. Gold futures topped $1,233 an ounce in electronic trading Wednesday morning in Asia, extending the hefty gains seen in New York as European debt concerns continued to draw investors to the precious-metals market. Silver is also making big moves to the upside.

European markets are up!
Earnings-related gains from ING and Deutsche Telekom and the appointment of David Cameron as Britain’s new prime minister, worked to offset more losses from banks in Europe on Wednesday.

The Euro is making a comeback against the Dollar
The euro staged a comeback against the dollar and yen in Asian trading Wednesday, as investors reacted to a report about a probe by U.S. Federal prosecutors into allegations against Morgan Stanley.

U.K. shares, sterling up after Cameron named PM
Expect U.S. stock markets to recover, following recovery in U.K., European markets in the coming days.

U.S. Banking stocks expected to take a hit today
U.S. Federal prosecutors are looking into whether Morgan Stanley misled investors about mortgage-derivatives deals it helped design and sometimes bet against, The Wall Street Journal reported Wednesday, citing people familiar with the matter.

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Binary Options Daily – May 11, 2010

Stock Binary Options News

European shares Tuesday gave back some outsize gains made in the previous session, with miners declining, as worries about prospects for economic growth turned to China. The Stoxx Europe 600 index lost 1.3% to trade at 250.94, after soaring 7.2% on Monday after a package to support Greece and other peripheral European countries led to big gains for banks. The losses came as China’s inflation rate accelerated in April, as consumer and producer prices beat estimates, while bank lending rose nearly 30% faster than average forecasts. The data led analysts to speculate that rate hikes are on the way, as authorities attempt to keep the country’s red-hot economy in check. Asian shares weakened after the data from China, while U.S. stock futures were pointing to a downbeat open on Wall Street following strong gains on Monday.
U.S. stocks made their biggest one-day gain in 13 months Monday, re-establishing gains for the year, after an agreement on a nearly $1 trillion rescue plan to stabilize Europe lured investors back to a badly shaken market. After last week’s wipeout of gains made in 2010, the Dow Jones Industrial Average closed up 404.71 points, or 3.9%, to 10,785.14, its biggest daily gain since March 2009, and enough to bring it safely back into positive territory for the year.

Forex Binary Options News

The EURUSD traded at $1.2740 early Tuesday, with the common currency down 0.1%. GBPUSD declined 0.2% to $1.4814 as the main political parties continue to try and form a new government. The EURJPY fell in Asia Tuesday as bank dealers and short-term investors sold the common currency amid the continued threat of more credit rating downgrades to fiscally troubled euro-zone members despite a massive bailout plan announced earlier in the week.

Commodities Binary Options News

Crude fell Tuesday in Asia as the euro weakened against the dollar. The nearly $1 trillion rescue package for the euro-zone economies, which boosted crude prices Monday, hasn’t fully convinced traders, analysts said. On the New York Mercantile Exchange, light, sweet crude futures for delivery in June traded at $76.41 a barrel at 0558 GMT, down $0.39 in the Globex electronic session. June Brent crude on London’s ICE Futures exchange fell $0.36 to $79.76 a barrel. Crude oil traders are more keenly watching the euro-zone crisis developments than the data, amid expectations of continued euro-dollar volatility.
Gold futures fell on Monday but were paring their losses as some investors cautioned Europe’s financial-stabilization plan lacked details and that it could raise inflation fears. Gold for June delivery, the most active contract, dropped $12.60, or 1%, to $1,198.30 an ounce on the Comex division of the New York Stock Exchange.

Greece Rescue Package Approved

European shares surged on Monday behind outsize gains for financials, after European finance ministers and central bankers agreed a program designed to stop a crisis that started in Greece spreading through the rest of the region. The gains (FTSE and CAC40 indexes as much as 6%, Barclays jumped 11.2%), came after European finance ministers and central bankers agreed late Sunday on a new loan program that could top 750 billion euros ($970.6 billion), designed to keep the Greek debt crisis from spreading to other vulnerable European countries. The European Central Bank confirmed late Sunday that it will buy bonds in the secondary market to ensure liquidity for “dysfunctional” market segments.
The European Union’s massive funding to help defend vulnerable nations in the euro zone served to boost risk appetite that lifted most Asian stocks and currencies Monday. But while analysts described the move as just what the doctor prescribed to repair investor sentiment, some said worries about the ability of member European countries to slash their yawning fiscal deficits still remain.

Forex Binary Options

After the Non-Farm Payrolls, another busy week expects forex traders. A British rate decision, European GDP figures, and American consumer sentiment and retail sales are among the major events this week. Let’s see what’s expecting us.
Echoes from the British general election will continue to accompany us, but the important British indicators will slowly take over the scene. In Europe, the never-ending debt issues will also have a strong impact. OK, let’s start:

1. British rate decision: Published on Monday 11:00 GMT. This rate decision was delayed due to the elections. There are speculations that Mervyn King can step up his measures, now that the elections are behind us. Inflation is rising. While the chance of raising the Official Bank Rate is very small, a different rate statement regarding future policy could boost the Pound, although this King wants a weak Pound.

2. Australian Annual Budget Release: Published on Tuesday at 9:30 GMT. The Australian Treasury will present the budget to the parliament and will lay out the economic prospects for the next year. This event is likely to rock the Aussie, as well as the kiwi.

3. British employment figures: Published on Wednesday at 8:30 GMT. Last month’s Claimant Count Change, the earliest and most important employment figure, continued the positive trend and showed a drop of over 32,000 unemployed people. On the other hand, the unemployment rate jumped to 7.8%. A setback can be seen now, and this might hurt the Pound.

4. German GDP: Published on Wednesday at 6:00 GMT. Europe’s biggest economy badly disappointed markets in Q4 – the economy stalled. Germany was considered the locomotive of the Euro-zone, carrying the weak economies on its back. Germany must return to growth in Q1’s preliminary release for the Euro to rise.

5. European Flash GDP: Published on Wednesday at 9:00 GMT. Although being released after the German and French figures, this publication also rocks the Euro. The economies in the Euro zone stalled in Q4 of 2010 – the initial report of 0.4% growth was later revised to no growth at all. There’s fear that Q1 will see a return to contraction – this will definitely hurt the Euro.

6. British BOE Inflation Report: Published on Wednesday at 9:30 GMT. Two days after the rate decision, Mervyn King has another opportunity to impact currency trading. This report doesn’t cover only inflation – it also contains updated economic forecasts and could hint about future rate policy. King will hold a press conference to accompany the release.

7. American and Canadian Trade Balance: Published on Wednesday at 12:30 GMT. This double-feature release in both countries always shakes USD/CAD. Canada enjoys a surplus in its balance while the US deficit is growing. A continuation of this trend could help the loonie.

8. Australian employment data: Published on Thursday at 1:30 GMT. After another rate hike, the sixth since the crisis, employment figures will probably justify this. Australia gained almost 20,000 jobs last month, and the unemployment rate remained at 5.3%. Both figures are expected to improve.

9. American Unemployment Claims: Published on Thursday at 12:30 GMT. The first weekly jobless claims release after the Non-Farm Payrolls will probably show a continuation of the trend – slightly less claims.
10. American Retail Sales: Published on Friday at 12:30 GMT. This important consumer related figure always rocks the markets. Last month saw a strong rise of 1.6% and also Core retail sales exceeded expectations with a rise of 0.6%. Rises this time will probably be weaker.

11. American Consumer Sentiment: Published on Friday 13:55 GMT. The university of Michigan’s consumer sentiment survey fell short of expectations last time – it fell from 73.6 to 69.5, the lowest in 5 months. This is a highly regarded survey, and comes at a sensitive time – just before the market closes.

Binary Options Market Review 07-May-2010

Stock Binary Options News:

European shares dropped in a volatile session on Friday, with Germany’s impending vote on aid to Greece, the fallout from the turmoil on Wall Street and the likelihood of a hung parliament in the U.K. combining to fuel investor nervousness. The Stoxx Europe 600 fell 2.7% in late morning trade, while the Nikkei 225 dropped 3.1% in Tokyo.

U.S. stock futures on Friday rose after one of the most tumultuous sessions in history, with markets prepping for the release of payrolls data, news on the Greek rescue and who will lead Britain — and bracing for further volatility.

U.S. stocks ended with steep losses Thursday after an afternoon meltdown lopped nearly 1,000 points off the Dow Jones Industrials Average– its biggest intraday drop ever – before a comeback of sorts, as Europe’s troubles took hold on Wall Street and talk of errant trades exacerbated the swift selloff. The Dow Jones Industrial Average finished the day down 347 points, or 3.2%, and at one point blue chip Procter & Gamble was down 37%.
Meanwhile, the issue that seemed to have hit stocks at the beginning of the day — euro-zone stability — will be in the spotlight as Germany votes on its contribution to the joint European Union-International Monetary Fund 110 billion euro loan package for Greece. Citigroup strategists say the Greece issues could cause a global equities correction of between 10% and 20%.

Through Thursday, U.S. stocks are down 7.6% from April highs.

Currency Binary Options News:

The euro climbed 0.9 percent to $1.2737 as of 10:58 a.m. in London, paring its decline this week to 4.2 percent, the biggest weekly drop since October 2008, the month following the collapse of Lehman Brothers Holdings Inc. The 16-nation currency jumped 2.6 percent to 117.25 yen, paring its drop in the five days to 6 percent. The dollar advanced 1.6 percent to 92.07 yen. The pound dropped 1.7 percent to $1.4578, trading as low as $1.4476, the lowest level since April 2009.

The pound tumbled to a 13-month low versus the dollar as the U.K. parliamentary election failed to produce an outright winner, fanning concern the next government won’t be able to reduce the budget deficit fast enough.

The Australian dollar rose on speculation investors bought the currency after its drop to a three-month low. The Aussie climbed 0.8 percent to 89.21 U.S. cents, and advanced 2.6 percent to 82.25 yen.

Commodities Binary Options News:

Crude oil rose, snapping three days of declines, as the dollar weakened versus the euro and on speculation this week’s 10 percent fall may have been excessive. Futures are still heading for their biggest drop since July on concerns Europe’s debt crisis will derail the economic recovery. Prices touched an 11-week low of $74.58 a barrel in New York yesterday.

Gold holdings in the SPDR Gold Trust, the biggest exchange-traded fund backed by bullion, rose by the most in 15 months to the highest ever. Gold for immediate delivery surged to $1,210.70 an ounce yesterday, just 1.3 percent short of its peak of $1,226.56 an ounce reached Dec. 3. The metal was down 0.2 percent at $1,206 an ounce at 8:47 a.m. in Singapore.

Binary Options Daily – May 3, 2010

This morning trading activity  on binary options was volatile due European efforts to reach agreement on a rescue package for Greece culminated in an accord during the weekend. Yet the $144 billion tab has investors concerned that Europe would have an even rougher task putting together aid should a bigger nation like Spain or Portugal encounter similar trouble.

European shares extended sharp losses from the previous session Wednesday as sovereign debt worries continued to weigh on the banking sector, offsetting gains from BMW and Prudential. U.S. stocks made their steepest drop in three months Tuesday, as increasing trepidation that Europe would fail to stem a fiscal debt crisis supported a flight from stocks and commodities and into the U.S. dollar and bonds. “It is part Greece, part oil disaster and part unsuccessful terrorist plot and everyone is running for safety,” said Stuart Hoffman, chief economist at PNC Financial.
For every stock on the rise, more than six were falling on the New York Stock Exchange, with more than 1.5 billion shares traded hands. Composite volume topped 6.7 billion. The drop in the U.S. indexes follows even steeper declines in European markets and paralleled a drop in some currencies and commodities. The EUR/USD pair slid below $1.30 for the first time in a year, while oil dropped 4% to under $83 a barrel. Treasury prices rallied to two-month highs. Gold futures retreated from a five-month high, ending down $14.10, or 1.2%, at $1,169.20 an ounce. ”
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World Stocks Up After Greece Asks For Bailout

World stock markets rose Monday as fears of a Greek debt default eased following last week’s request by the country to tap a rescue package from its 15 partners in the eurozone and the International Monetary Fund.

Rate decisions in the US, Japan and New Zealand, and the first GDP release from the US for 2010 are the highlights of this week, which begins slowly and then explodes. Will the dollar index break to a one year high?

Greek hopes turned into worries once again, as more credit downgrades for Greece were released and the talks of a possible default became louder. This story continues to accompany us, as well as the indicators.
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1. American CB Consumer Confidence: Published on Tuesday at 14:00 GMT. This broad survey of 5,000 households had a big dip in February but recovered quickly in March and reached 52.5 points. It’s now expected to take one step higher and rise to 54.2 points. EUR/USD is quite sensitive to this release.

2. Ben Bernanke talks: Starts speaking before the National Commission on Fiscal Responsibility and Reform on Tuesday at 14:00 GMT. In this official public appearance, Bernanke will definitely move the markets. He will testify on the challenge of achieving fiscal sustainability and will comment about the economy.

3. Australian CPI: Published on Wednesday at 1:30 GMT. Australia published its consumer prices only once every quarter, making this event an important release – an important indicator towards the next rate decision. After rising by 0.5% in Q4 of 2009, an acceleration is expected this time – 0.9%. A rise above 1% might push the Stevens to another rate hike. He seems reluctant to make another move soon.

4. American rate decision: Published on Wednesday at 18:15 GMT. Ben Bernanke isn’t expected to make any surprises with the Federal Funds Rate – it’s expected to remain unchanged at a maximum level of 0.25%. Maybe the discount rate will be mentioned. As usual, the FOMC Statement will be closely watched – every change in the wording might have hints, especially the clause about holding interest rates at a low level for an extended period of time.

5. New Zealand rate decision: Published on Wednesday at 21:00 GMT. New Zealand didn’t follow Australia with a move on the rates, and isn’t expected to move them now as well. The Official Cash Rate is expected to stay at 2.5%. Given the unconvincing rise in prices and weak retail sales, this won’t happen soon. The RBNZ Rate Statement that accompanies the rate decision will have a strong impact on the currency, especially if the economic forecast is updated.

6. American Unemployment Claims: Published on Thursday at 12:30 GMT. After rising to alarming levels, last week’s numbers were back to normal, at 456K. This time, a drop down to 440K is predicted. A break under 430K is necessary for seeing serious growth in the job market. Note that this is the best indicator for the Non-Farm Payrolls. Up to now, jobless claims indicate that no fireworks will be seen at the next NFP.

7. Japanese rate decision: Published on Friday morning. Japan’s Overnight Call Rate won’t move from 0.1%, not in the near future. The focus will be on the easing steps that the BOJ will make, and on the updated economic forecasts. Japan declared a war on deflation and could take more steps to stimulate the economy and move prices. Note that the Tokyo Core CPI, the best inflation indicator, is published just before the rate decision and will probably show an annual drop of 2% in prices, worse than previous months.

8. Swiss KOF Economic Barometer: Published on Friday at 9:30 GMT. This important Swiss indicator, based on 12 basic ones, is a good reflection of the Swiss economy, and its moves go hand in hand with the Swissy’s strength. After rising to 1.93 points, a rise to 1.99 is predicted this time, the highest since December 2007.

9. European Unemployment Rate: Published on Friday at 9:00 GMT. The European unemployment rate and flash CPI are published together. Unemployment is flirting around 10% for a few months. This is a big burden on Europe, and prevents Trichet from moving the rates, despite improvements various surveys.

10. European Flash CPI: On the other hand, inflation is slowly picking up. The CPI Flash Estimate is expected to show an annual rise of 1.4% in prices, exactly like last month and the highest level since the end of 2008. German PPI unexpectedly leaped last week. A rise above 1.5% will be problematic for Trichet – fighting inflation with higher rates will endanger the fragile recovery.

11. Canadian GDP: Published on Friday at 12:30 GMT. Canada’s monthly GDP is expected to rise by 0.5% in February, slightly lower than the 0.6% in January, but still in the same good rate as in Q4. Another nice month of growth will support the Canadian dollar in its battle on parity, which is still going on. GDP helped the loonie last month, and after the weak CPI and retail sales, it’ll sure need another boost.

12. American Advance GDP: Published on Friday at 12:30 GMT. After a very strong fourth quarter, that wasn’t accompanied with the same recovery in jobs, economists expect Q1 to show slower growth – an annual rate of 3.4%. Note that these expectations aren’t low, and that exceeding them will be a big boost for the dollar.

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Will the EUR/USD go up or down?-April 12-16 Weekly Review

The EUR/USD pair gapped enormously today on the news of the European Union bailout of Greece announced over the weekend. This powerful move broke through a very significant 4 month descending line of resistance and can only indicate further gains to the EUR/USD. Expect strong volume for this currency pair with important economic events from the U.S. throughout the week. Don’t miss out on this opportunity to make quick gains on the EUR/USD using Binary Options trading.

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1. American & Canadian Trade Balance: Published on Tuesday at 12:30 GMT. This double-feature event always shakes USD/CAD and the American figure, shakes all the majors. It’s expected to show a bigger deficit this time – over 38 billion dollars. USD/CAD parity continues to draw attention.

2. American CPI: Published on Wednesday at 12:30 GMT. Inflation is a key to raising interest rates and making the currency more attractive, but this probably won’t happen this time. CPI is expected to rise by 0.2% after remaining unchanged last time. Core CPI, which the Fed watches closely, is expected to rise by 0.1%, exactly like last month.

3. American Retail Sales: Published on Wednesday at 12:30 GMT, together with the CPI. Consumer behavior is felt strongly in retail sales. The hopes are high this time – Retail Sales are expected to rise by 1.1% after a small 0.3% rise last time, while Core Retail Sales are expected to be rise by 0.5% – more modest. Both releases mean very choppy trading.

4. Ben Bernanke talks: Begins testifying on Wednesday at 14:00 GMT. Bernanke arrives at the Joint Economic Committee and will lay out his economic outlook. Talking about the economy will definitely shake the dollar. Talks about interest rates will cause stronger moves and referring to the dollar will rock the markets, although this is highly unlikely.

5. American Unemployment Claims: Published on Thursday at 12:30 GMT. Last week saw a disappointment – a rise to 460K. This came after a steady improvement, week after week. This figure has proved to be the best indicator for the Non-Farm Payrolls. It’s expected to drop back to 439K this time.

6. American TIC Long-Term Purchases: Published on Thursday at 13:00 GMT. The flow of money into the US is a good gauge of confidence. After leaping above 120 billion three months ago, the figure rapidly squeezed afterwards, reaching 19.1 billion last time. The dollar needs another boost, over 20 billion, to rise.

7. American Philly Fed Manufacturing Index: Published on Thursday at 14:00 GMT. This important gauge of production has been on the rise in the past three months, ticking up to 18.9 points last time. It’s now predicted to take the next step and rise to 20.3 points.

8. European CPI: Published on Friday at 9:00 GMT. European prices are too stable for a rate hike in the foreseeable future. This is a burden on the Euro. CPI will probably be confirmed at an annual rise of 1.5% while Core CPI is expected to be revised from 0.8% to 0.9% – still quite low. The Euro still suffers from the Greek crisis.

9. American housing figures: Published on Friday at 12:30 GMT. Building Permits ticked up to 640K last month, slightly better than expected. So now, they’re predicted to slip back down to 630K. The complementary figure, Housing Starts, is expected to make a bigger move with a rise from 580K to 610K. If both figures surprise in the same direction, this will rock the markets.

10. American Consumer Sentiment: Published on Friday at 13:55 GMT. The University of Michigan publishes this important indicator close to the end of the day. After a few stable months, this figure is predicted to rise above 75 points, the highest since January 2008. Choppy trading is expected.

Disclaimer: Binary options trading might carry potential rewards, but also potential risks. You must be aware of the risks and willing to accept them in order to trade in the financial markets. Don’t trade with money you can’t afford to lose.

Obama’s Health Care Reform boosting the USD, Euro Falls on Greek Fiscal Worries – Market Weekly Review – March 22-26

Apparently the dollar only took a break just to show fresh strength. The upcoming week. The upcoming week starts with an easy Monday and then becomes busy with many American events. Note a special British event – the annual release of the budget. Let’s review the major market-movers for the upcoming week.

Also in the upcoming week, there’s a smaller-than-usual time difference between North America and Europe. This gives one extra overlapping hour, making day traders more busy and getting European and American events closer to each other – meaning more volatility.

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1. British CPI: Published on Tuesday at 9:30 GMT. British inflation is above the governments’ target of 1-3%. This was already seen last month with a rise to 3.5% (annualized). Mervyn King was then forced to write a letter explaining the reasons for the result and the measures that will be taken. He wasn’t too excited, and wants to see a weaker Pound. This time, CPI is expected to rise by 3.1%, getting back in line. Was King right? If so, the Pound will drop.

2. American Existing Home Sales: Published on Tuesday at 14:00 GMT. The vast portion of home sales is of existing homes. This sector has seen a strong rise due to government programs, but then returned to normal. Sales are expected to stay almost unchanged at 5 million. A surprise will move the markets.

3. German Ifo Business Climate: Published on Wednesday at 9:00 GMT. This German survey continued to improve, while other German indicators fell. This is a wide survey of 7000 businesses, making it a closely watched indicator for EUR/USD. A small rise from 95.2 to 95.8 is predicted. This might hurt the Euro, that already began the awaited plunge.

4. British Annual Budget Release: Published on Wednesday at 12:30 GMT. Alistair Darling, the Chancellor of the Exchequer, knows how to pound the pound again and again. Less than two months before the general elections, the deficit isn’t expected to be reduced. Whatever the outcome, the Pound will rock.

5. American Durable Goods Orders: Published on Wednesday at 12:30 GMT. Last month, this indicator was quite confusing – durable goods orders rose by 2.6% while the core figure fell by 1%. These figures were revised to the downside. This time, both numbers are expected to rise by less than 1%.

6. American New Home Sales: Published on Wednesday at 14:00 GMT. Although new home sales are only a small part of home sales, this figure also tends to move currencies. Also here, when the government retreated, home sales plunged. A small rise from 309K to 316K is predicted.

7. New Zealand GDP: Published on Wednesday at 21:45 GMT. New Zealand takes its time with publishing the Gross Domestic Product. A growth rate of 0.8% is expected in Q4 of 2009. This is higher than Q3’s 0.2%. Also Australia saw similar growth rates in Q3 and Q4 – this figure will also move the Aussie.

8. American Unemployment Claims: Published on Thursday at 12:30 GMT. A steady drop in jobless has been seen since they touched 496K about a month ago. Another small drop is predicted this time, from 457K to 453K. After the last negative NFP figure, will we see a gain in jobs next time?

9. Ben Bernanke talks: Begins testifying on Thursday at 14:00 GMT. The head of the Federal Reserve comes to House Financial Services Committee for the second part of his testimony, that will focus on the exit strategy. This time it’s a questions and answers session. The questions and the reactions are unknown, so this may easily lead to remarks that can move the markets, even if Bernanke doesn’t bring any real news.

10. Japanese Tokyo Core CPI: Published on Thursday at 23:30 GMT. Japan’s deflation is a big burden on the economy, for many years. Tokyo’s figure is released before the national number and has a strong impact on the Yen. An annual drop of 1.7% is expected to follow last month’s 1.8%.

11. American Final GDP: Published on Friday at 12:30 GMT. The second release of American GDP for Q4 of 2009 was better than the first release – 5.9% (annualized). This erased the doubts that were about growth, that isn’t accompanied with a growth in jobs. The final release is expected to confirm this strong growth rate.

Binary Options Weekly Review – March 15-19

The dollar retreated in the past week on most fronts. Was it a temporary move? The upcoming week provides lots of American events, with Ben Bernanke’s rate decision being the highlight. Here’s an outlook for this week’s market-moving events. In the forex industry, the proposed regulations by the CFTC are again in the news, as their decision is getting close. Also Introducing Brokers joined the fight against these proposals. We’ll probably hear more about it in the upcoming week.

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1. American TIC Long-Term Purchases: Published on Monday at 13:00 GMT. Treasury International Capital Long Term Purchases represent the difference between foreign investments in the US and US investments abroad, and actually shows foreign confidence in the US economy. The figure leaped to 126 billion two months ago, but was then cut to half. This time, it’s expected to stand at 38 billion.

2. German ZEW Economic Sentiment: Published on Tuesday at 10:00 GMT. This is a highly regarded survey that is a good indicator of the economy. It has fallen in the past months, hurting the Euro each time. A further drop from 45.1 to 43.3 points is expected this time.

3. Housing figures: Published on Tuesday at 12:30 GMT. The housing sector had a big “contribution” to the global crisis and is now showing a small recovery. Building Permits dropped to 620K last time, and are now expected to tick down to 619K. Also note a very related figure – Housing Starts, published at the same time. They’re expected to drop from 590K to 570K.

4. American rate decision: Published on Tuesday at 18:15 GMT. Ben Bernanke already made his move out of the usual cycle – the “mini rate hike” of the discount rate shocked the markets and signaled that the Federal Reserve will probably be more aggressive than other central banks. Will they finally drop the wording “an extended period of time” for the interest rate? As usual, the FOMC Statement will be in the limelight, as the Federal Funds Rate isn’t expected to move. Note that the statement can be very confusing.

5. Japanese rate decision: Published on Wednesday morning. Also in Japan, no change is expected in the rock bottomOvernight Call Rate, standing at 0.1%. The statement accompanying the decision will be carefully read, and the tone voiced at the press conference has the utmost importance for the Japanese yen.

6. British employment data: Published on Wednesday at 9:30 GMT. The number of unemployed Brits rose last month after two good months, as reflected in the Claimant Count Change. Another rise, of 8700 people, is expected this time. The unemployment rate, which relates to the previous month, is expected to follow the same line and rise from 7.8% to 7.9%.

7. American PPI: Published on Wednesday at 12:30 GMT. The first inflation figure of the week is about producer prices, and serves a warm up for the consumer prices. After a jump of 1.4% last month, a drop of 0.2% is predicted this time. Note that Core PPI is expected to edge up by 0.1%.

8. American CPI: Published on Thursday at 12:30 GMT. A rise in consumer prices is the key for future rate hikes. Last month the regular small changes: a rise of 0.2% in CPI and a drop of 0.1% in Core CPI. There aren’t any expectations this time – both indicators are expected to rise by 0.1%. This will be a very shaky time in the markets, as jobless claims are released at the same time.

9. American Unemployment Claims: Published on Thursday at 12:30 GMT. After jumping to almost 500K, jobless claims are slowly dropping, reaching 462K last week. Another drop to 456K is predicted now. A drop below 430K will boost the dollar. The rise in jobless claims was clearly reflected in the recent Non-Farm Payrolls.

10. American Philly Fed Manufacturing Index: Published on Thursday at 14:00 GMT. This important survey has been positive in the past 7 months, indicating improving economic conditions. After exceeding expectations and reaching 17.6, it’s predicted to soften to 17.3 points this time.

Best Regards,
StartOptions Team

Disclaimer: Binary options trading might carry potential rewards, but also potential risks. You must be aware of the risks and willing to accept them in order to trade in the financial markets. Don’t trade with money you can’t afford to lose.

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