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Recent News

UK Q3 GDP grows more than forecast despite Brexit worries – Binary Options Daily Review

By Barry Jenkins , 2016-10-28

The US economy expanded by 1.4% in the second quarter compared to the same period last year. The reading was below forecasts of 2.6% growth. Businesses cut spending for the third straight quarter, amid uncertainties about the US election and the UK vote to leave the European Union. On the bright side consumer spending remained resilient rising 4.2% compare to a year ago, amid positive employment conditions and higher wages. The estimates for GDP growth in the third quarter are for a reading of 2.5%. Monitor the Dollar for Binary Options trading. Read more

Oil drops to three week lows as hopes fade of production cut – Binary Options Daily Review

By Barry Jenkins , 2016-10-27

Orders for long-lasting manufactured products in the US remained flat in August, indicating a slowdown in business spending. Orders through eight months of 2016 were down 0.6% compared with the same period a year earlier. The main weakness occurred in the energy industries pulling back investment, but demand remained sluggish across the board. However, the report offered a positive side showing a modest rise in spending on equipment and facilities in recent months, which could lift the economy to stronger growth in the coming months. Orders excluding of transportation fell 0.4% in August dropping in three of the past four months. But the rise in business investment suggests higher confidence and demand from companies in the US Orders for durable goods are expected to increase be 0.1% in September, while core orders are predicted to gain 0.2%. Monitor the Dollar for Binary Options trading. Read more

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