Author Archives for Barry Jenkins

European markets close higher as data shows Eurozone economic activity remains at a six year high – Binary Options Daily Review

May 24, 2017 8:45 am Published by Leave your thoughts

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.


Dollar drops to six month lows on U.S. political worries – Binary Options Daily Review

May 22, 2017 8:32 am Published by Leave your thoughts

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.


Sterling hits highest level in almost eight months – Binary Options Daily Review

May 19, 2017 7:16 am Published by Leave your thoughts

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.


Trump worries send global equities lower – Binary Options Daily Review

May 18, 2017 8:47 am Published by Leave your thoughts

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.


UK inflation rises to a three year high – Binary Options Daily Review

May 17, 2017 9:08 am Published by Leave your thoughts

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.


Oil jumps 3% as U.S. inventories show large fall – Binary Options Daily Review

May 11, 2017 10:42 am Published by Leave your thoughts

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.


Nasdaq notches another record close as broader US markets close lower – Binary Options Daily Review

May 10, 2017 10:10 am Published by Leave your thoughts

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.