Articles in Market Analysis category

US closes slightly lower as Trump’s tax reform news was light on detail – Binary Options Daily Review

Published by , 2017/04/27 Leave your thoughts

In March the European Central Bank maintained its stimulus policy, intending to do so at least until the end of 2017. However, ECB President Mario Draghi said that the urgency for further easing has faded and deflation is no longer a threat. Germany, Europe’s largest economy called the ECB to reduce its 2.3 trillion Euro bond-buying scheme since inflation and growth has strengthened. However Draghi still believes growth risks remain tilted to the downside. No changes are forecast by the ECB and investors will be monitoring the press conference closely for any clues on future timings. Monitor the Euro for Binary Options trading. ... Read more

Nasdaq closes above 6,000 points for first time – Binary Options Daily Review

Published by , 2017/04/26 Leave your thoughts

Canadian retail sales data which is the primary gauge of consumer spending bounced back in February with a strong gain of 2.2%, above the estimate of 1.5%. Forecasts are for a reading of -0.1% this time. Core retail sales climbed to 1.7% in the last reading above forecasts for a reading of 1.3%, the strongest gain in over two years. Forecasts are for a reading of -0.3% this time. Monitor the Canadian dollar for Binary Options trading. ... Read more

Global equities rally on French election relief – Binary Options Daily Review

Published by , 2017/04/25 Leave your thoughts

Consumer Confidence in the US moved up to 125.6 in March, the highest level since December 2000, as positive attitudes towards current conditions continued. The reading was much higher than the forecast of 113.9. Business conditions rose to 32.2% from 28.2%. Furthermore, the outlook index was also upbeat, including short-term outlook. Consumer confidence is forecast to fall to 122.9 in this latest reading. Monitor the Dollar for Binary Options trading. ... Read more

U.S. stocks close off lows as Trump says to announce tax cut plan soon – Binary Options Daily Review

Published by , 2017/04/24 Leave your thoughts

European markets will be led by the outcome of first round of the French presidential election, an early exit poll is likely to be out before the market opens on Monday but the full results will most probably be announced Monday morning if the outcome is close. There are 11 contesters vying for two places in the second round which is due to take place on the 7th May. Markets are hoping for centrist Emmanuel Macron or center-right Françios Fillon to become the next President, but the candidate with the highest chances of making it to the second round is Marine Le Pen. Le Pen, of the extreme right, wants to leave the Euro and the EU, in what could be the final blow to the project. She is unlikely to win the second round, but she frightens markets. A new source of fear is radical-left Jean-Luc Melenchon, who is making a late surge in the polls. A Le Pen-Melenchon runoff will be the worst scenario for markets and the Euro. Monitor the Euro for Binary Options trading. ... Read more

FTSE 100 turns negative for 2017 as snap election is confirmed – Binary Options Daily Review

Published by , 2017/04/20 Leave your thoughts

In the US the number of Americans filing new claims for unemployment benefits fell in the week ended April 8th, reaching 234,000. The The four-week moving average of claims declined by 3,000 to 247,250, indicating the slowdown in Mach was only temporary. The number of new claims is expected to reach 242,000 this week. Monitor the Dollar for Binary Options trading. ... Read more

Trump says U.S. dollar is too high – Binary Options Daily Review

Published by , 2017/04/14 Leave your thoughts

Equity markets in Europe and the US closed for Good Friday holiday but investors will be keeping a close watch for any developments in the Syrian/Russian and the North Korea situations which could impact the markets when trading resumes next week. US equity markest resume trading on Monday and European equity markets resume trading on Tuesday. Monitor the Dollar for Binary Options trading. ... Read more

Gold continues to shine as geopolitical worries continue – Binary Options Daily Review

Published by , 2017/04/13 Leave your thoughts

Producer prices in the US gained more than forecast in February, rising 0.3% compared to a 0.6% increase in the previous month, forecasts were for a 0.1% rise. In the 12 months through February, the PPI rose 2.2% which is the largest advance since March 2012, exceeding forecast of a 2.0% gain. The current inflation rate stands at 1.7% nearing the Federal Reserve 2% inflation target. Economists expect producer prices to be flat in this reading. Monitor the Dollar for Binary Options Trading. ... Read more

Safe haven gold rises following U.S. airstrikes on Syria – Binary Options Daily Review

Published by , 2017/04/10 Leave your thoughts

Fed Chair Janet Yellen is due to give a talk at the University of Michigan, taking questions from the audience. There is bound to be some market volatility as it is highly likely that one of the key issues raised will be the Fed Minutes warning that stock prices are too high relative to standard valuation measures. Another issue is the call to trim US $4.5 trillion balance sheet as long as the economic data is upbeat. Market volatility is expected. MOnitor the Dollar for Binary Options trading. ... Read more

U.S. stocks relinquish solid gains to end lower following release of Fed minutes – Binary Options Daily Review

Published by , 2017/04/06 Leave your thoughts

In March the European Central Bank left its monetary policy unchanged but it did contain one hawkish angle. The Central Bank removed the phrase about using “all instruments” as the sense of urgency is gone. Investors will be looking to see if this cautious optimism is reflected in the minutes. This is an open question as markets are looking for guidance about the interest rate hike and if it can happen before quantitative easing finishes. Monitor the Euro for Binary Options trading. ... Read more