May 24, 2017 8:45 am
The Bank of Canada has maintained interest rate at 0.5% since the middle of 2015. The economy in Canada is suffering from worries about housing, low oil prices and most recently a disappointing jobs report. However, the weaker Canadian dollar is helping balance things out. The tone of the statement will make a difference. No change in interest rate change is expected, but any hint of a rate cut could weigh on the Canadian dollar, which is worth monitoring for Binary Options trading.
May 22, 2017 8:32 am
With little in the way of economic data due today the catalyst for any move in the market will no doubt come from any further news surrounding the Trump administration, although markets did rally over the past two sessions as the political troubles for Trump eased a bit. However not all investors are convinced and there is a small segment of the market that thinks that Trumps troubles are only just starting and that there is a possibility (all be it slim) that he could be on borrowed time in the White House. Monitor the Dollar for Binary Options trading.
May 19, 2017 7:16 am
Economic data in Canada is expected to show an improvement in consumer inflation and retail sales. CPI in March remained at 0.2% below forecasts for 0.4%. Forecasts are for a strong pick up in the April reading with a 0.5% gain forecast. Retail sales posted a decline of 0.6% in February, below forecasts for a reading of 0.0%. Forecasts are for an improved reading of a 0.3% gain. Core retail sales declined 0.1% in February, an improvement of a 0.2% gain is forecast for March. Monitor the Canadian Dollar for Binary Options trading.
May 18, 2017 8:47 am
Retail sales data in the UK is the primary gauge of consumer spending and has the ability to be a market-mover. The indicator has posted three declines in the past four months, and the March decline of 1.8% was lower than had been forecast. Retail sales are expected to show a strong bounce in the April reading with gain of 1.0% forecast. Monitor the Pound for Binary Options trading.
May 17, 2017 9:08 am
The UK unemployment rate is at 4.7%, despite this wage growth is mediocre, 2.3% in February and is also being eroded by inflation. During the month of March, the number of jobless claims jumped by 25.5K. This is the last jobs report before the elections. Jobless claims are forecast to increase by 7.5K. Wages are forecast to advance to 2.4% y/y and the unemployment rate is likely to stay at 4.7%. Monitor the Pound for Binary Options trading.
May 16, 2017 8:35 am
In the first release for Eurozone GDP the rate of growth came in at 0.5% q/q, higher than in the US. This revision will include more data, most notably from Germany. The largest nation posted a growth rate of 0.6%. No change is expected in the rate of growth. Monitor the Euro for Binary Options trading.
May 12, 2017 9:50 am
Retail sales data in the US is a key indicator on the state of the US economy, in March the number disappointed with a headline drop of 0.2%. A recovery is forecast in this latest reading with a bounce to 0.6%, core retail sales are forecast are also forecast to show an improvement with a reading of 0.5%. Monitor the Dollar for Binary Options trading.
May 11, 2017 10:42 am
Today the Bank of England publishes its quarterly inflation report along with the latest decision on interest rates. With weaker growth and slowing wages, the BOE might be more cautious. The recent rise in sterling alleviates some inflationary pressures. Mark Carney and his colleagues might also be more cautious on communications as the event is held exactly four weeks ahead of the general elections in the UK. There are no expectations for a rise in interest rates. Monitor the Pound for Bianry Options trading.
May 10, 2017 10:10 am
Industrial production in the Eurozones second largest economy dropped by 1.6% in February in this latest reading a bounce to 1.0% is forecast. The French trade balance which unlike Germany which runs at a surplus runs at a deficit, in February the deficit widened to 6.6 billion, in this latest reading the deficit is forecast to narrow to 6.0 billion. Monitor the Euro for Binary Options trading.
May 8, 2017 7:05 am
Monday 8th May 2017 Prepared by Barry Jenkins, MarketsWorld Binary Options Analyst Market Index Closing Level Move on... Read article