In the US the number of Americans who filed claims for unemployment benefits rose by 5,000 to 239,000 in the week from Feb. 5 to Feb. 11 which still indicates that the economic recovery is still in play, forecasts were for a rise to 243,000.The four-week average of claims increased by 500 to 245,250, the lowest level in 44 years. Forecasts are for new claims of 241,000 this week. Monitor the Dollar for Binary Options trading.
Author Archives for Barry Jenkins
Sterling edges higher as House of Lords begins debate on the Brexit bill – Binary Options Daily ReviewFebruary 21, 2017 10:04 am Leave your thoughts
Eurozone preliminary PMI’s data for February are due today, in January the French manufacturing sector saw growth, with a score of 53.6 points, a reading of 53.5 is forecast in this reading. The services sector came in with 54.1 points and 53.8 is forecast now. In Germany, the continent’s largest economy, the manufacturing sector saw strong growth with 56.4 points in January and a small dip to 56.2 is forecast for February. The services sector came in at 53.4 points and 53.6 is forecast for February. In the Euro-zone, the manufacturing sector saw 55.2 in January with a reading of 55 forecast for February and services came in at 53.7 and an unchanged reading is forecast for February. Monitor the Euro for Binary Options trading.
UK retail sales in December declined sharply with a reading of -1.9% and was much weaker than the -0.1 that was forecast. The reading was much weaker than the forecast of -0.1%. An improvement is expected for the January reading with forecasts for a rise of 0.9% and core retail sales are forecast to improve to 0.7% from -2.0% in December. Monitor the Pound for Binary Options trading.
The US Philly Fed Manufacturing Index tracks business activity in the Philadelphia area, the index picked up in January to reach its strongest level in over two years with a reading of 23.6 amid a rise in new orders and employment as well as an improved six-month outlook. The sharp increase was also attributed Donald Trump’s US presidential win as business owners look forward to tax cuts, infrastructure spending and looser regulations to promote faster economic growth. The Index is forecast to slip back to 18.0 in this latest reading. Monitor the Dollar for Binary Options trading.
Fed chair Janet Yellen indicates U.S. rates could rise sooner than expected – Binary Options Daily ReviewFebruary 15, 2017 9:23 am Leave your thoughts
Consumer prices in the US gained 0.3% in December as households spent more on gasoline and rental accommodation, suggesting inflation pressures are starting to mount. The rise was the largest increase in two years, core CPI rose 0.2% as in November. As a result, the core CPI was up 2.2% in the 12 months through December, from 2.1 percent in November. Forecasts are for a 0.3% gain in consumer prices and a 0.2% rise for core CPI. Monitor the Dollar for Binary Options trading.
Sentiment on the Euro is likely to remain fragile as concerns over political risks grow, there is a growing possibility of shock in the upcoming French presidential election which could trigger a Brexit type scenario. Also weighing are worries over elections in Germany and Netherlands and the ongoing debates over bailout conditions for Greece. Monitor the Euro for Binary Options trading.
US markets close at record highs as Trump says he will make a “phenomenal” announcement about his tax plan – Binary Options Daily ReviewFebruary 10, 2017 9:20 am Leave your thoughts
US consumer confidence edged up to a 13 year high in January with a reading of 98.5, showing ongoing optimism about post-election financial policies. 44% of respondents expect the economy will improve during this year, while 33% anticipate the unemployment rate will continue to decline. Current conditions remained elevated at 111.3 due to wage gains and household wealth. The six-month outlook also improved from 89.5 in December to 90.3 in January. Consumer confidence is expected to dip slightly with a reading of 97.9 forecast. Monitor the Dollar for Binary Options trading.
The number of Americans who filed new claims for unemployment benefits fell more than forecast for the week ending Jan. 28th, indicating that the strong employment market is likely to support the US economy this year. New claims fell 14,000 to 246,000, forecasts were for jobless benefits to come in at 251,000. The labour market is nearing full employment and wages are expected to grow and support the economy. Forecasts are for claims to reach 250,000 this week. Monitor the Dollar for Binary Options trading.
The Canadian housing starts indicator provides a snapshot of the strength of the housing market. In December, the indicator moved up to 207,000 well ahead of forecasts for a reading of 187,000, another reading above the 200,000 level is expected in January, with a forecasts of 202,000. Monitor the Canadian Dollar for Binary Options trading.
The Canadian Ivey PMI improved in December with a print of 60.8, comfortably ahead of forecasts for a reading of 56.0. The January reading is forecast to be another strong reading with of 58.5 expected. Monitor the Canadian Dollar for Binary Options trading.