Breaking News = Trading Opportunities
Use real-time news, analysis, forecasts and signals to form a successful strategy.
The economic calendar is one of the most powerful resources available to binary options traders. That’s because it allows investors to identify market moving events which might affect the price of stocks, indices, commodities or foreign currency pairs.
Use our economic calendar to stay on target and know when the best event, date and time to generate profit will occur.
Written each day before the markets open, the Binary Options Daily provides you with an inside look at how the markets – and assets – are behaving; furthermore, major economic events occurring each day allow you to focus your strategy on assets most likely to be affected by the news.
05 Dec 2016
December 5, 2016
|All Day (Dec 4th)||EUR||Italian Constitution Amendment Vote|
|01:00||AUD||MI Inflation Gauge m/m||0.2%|
|02:45||CNY||Caixin Services PMI||52.4||52.7|
|10:00||EUR||Final Services PMI||54.1||54.1|
|All Day||EUR||Eurogroup Meetings|
|16:00||USD||ISM Non-Manufacturing PMI||54.8||55.3|
Asian markets were broadly lower Friday, tracking overnight losses in the U.S. as the Trump Effect appears to be waning globally. A stronger Yen led to a loss of 0.47% for the Nikkei in Japan. Technology was particularly weak on Friday in Asia, which helped to push the Hang Seng in Hong Kong lower by 1.37%, underperforming the region. Mainland China’s Shanghai Composite also suffered a loss of 0.90%. In Australia the S&P/ASX 200 fell 1.02% as commodity strength began to wane. Singapore’s Straits Times Index was off by 0.31% and in South Korea the Kospi was 0.66% lower. Markets in Europe were broadly lower Friday, rounding out a week of bearishness ahead of this Sunday’s Italian referendum vote. The Stoxx Europe 600 finished with a loss of 0.44%, with Germany’s DAX off by 0.20% and the CAC 40 in France falling 0.70%. The FTSE in London finished 0.33% lower as well, with weakness coming from mining and oil shares. U.S. markets struggled for direction all day Friday, trading between gains and losses before ending the session mixed and little changed, with some speculating that the Trump Effect rally has run its course. At the close the S&P 500 was slightly higher by 0.04%, the Dow dropped 0.11%, and the Nasdaq tacked on a small 0.09%.
EUR – The Euro fell hard against the Pound and Yen on Friday while finishing unchanged versus the USD as traders were unwilling to buy Euro ahead of this weekend’s Italian referendum vote.
GBP – The Pound firmed broadly against rival currencies on Friday as it remains in bull mode.
USD – The USD was mostly weaker Friday, softening against the Pound and Yen, while finishing unchanged versus the Euro as falling Treasury yields in the U.S. weighed on the currency.
JPY – The Yen firmed against the USD and Euro Friday, but softened versus the Pound as some risk aversion crept back into trader sentiment.
TRY – The Lira was broadly softer against major currencies on Friday after President Recep Tayyip Erdogan’s call to convert foreign currencies into Turkish Lira saw the Borsa Instanbul Stock Exchange move quickly, selling all other currencies and converting to Lira.
RUB – The Ruble was slightly stronger against the Euro and USD on Friday, but fell slightly against the Yen and dropped significantly versus the Pound.
Metals – Precious metals bounced back on Friday as the U.S. dollar weakened and Treasury yields fell, supporting gains for the metals. February gold rose $8.40, or 0.7%, to settle at $1,177.80 an ounce. March silver rose $0.326, or 2%, finishing at $16.832 an ounce.
Oil – Crude continued to rally Friday, though the pace of gains slowed. January West Texas Intermediate crude tacked on $0.62, or 1.2%, to settle at $51.68 a barrel. For the week crude gained 12.2%, which was the largest weekly percentage gain for crude since the first week of January 2009.
S&P500 – The S&P began Friday higher, but slipped into negative territory by the afternoon as investor sentiment was weak for the day. An uptick in the final hour of trade pulled the S&P out of the red as it finished the day with a 0.04% gain, but was still 1% lower on a weekly basis.
DAX – The DAX opened lower by 1.3% and after dwelling at its session lows all morning finally began to pull higher as the afternoon began. The market rose steadily to the close, paring most of the days’ losses to finish with a much smaller loss of 0.2% as investors were bargain hunting ahead of the weekend.
Nikkei – The Nikkei began the day lower due to overnight strength for the Yen and continued to slide through the mid-afternoon as the Japanese currency continued gaining strength. The index bounced off its lows and pared some of the losses, but not enough to keep it from a 0.47% loss for the day.
JPMorgan Chase & Co. – After creeping higher throughout 2016, shares of JPMorgan have seen an impressive gain in November as they benefited from the Trump Effect along with the rest of the financial sector. Coming off of the $67.76 level prior to the U.S. presidential election, shares have climbed as high as $81.79 on Thursday, though they pulled back slightly on Friday amidst broad based weakness for the financial sector. Some have speculated that the Trump Effect may be coming to an end, which could see the financial sector pull back somewhat off its recent highs, but we are also looking ahead to a probable interest rate hike from the Federal Reserve in December, which should help support even higher levels for shares of banks and other financial institutions. Still, with shares of JPMorgan at record highs, and quite extended after the November run-up we wouldn’t be surprised to see some profit taking heading into the new year.
04 Dec 2016
December 2, 2016
|01:30||AUD||Retail Sales m/m||0.6%||0.3%|
|14:30||USD||Average Hourly Earnings m/m||0.4%||0.2%|
|14:30||USD||Non-Farm Employment Change||161K||165K|
Asian markets moved broadly higher on Thursday in response to an overnight surge higher for crude prices as well as better than expected Chinese manufacturing data for November. Japan’s Nikkei had the regions’ best performance of the day, rising by 1.12% as it got an extra boost from further Yen weakness. In Australia the S&P/ASX 200 rose steadily to a gain of 1.10% for the day as it benefits from firming commodity prices. Mainland China’s Shanghai Composite posted a 0.72% gain after the November manufacturing PMI rose and surpassed expectations, while the Hang Seng in Hong Kong ended the day 0.39% higher. Gains from South Korea were more muted, with the Kospi edging up by 0.01%, while the Straits Times Index in Singapore gained 0.81% for the day. European markets were lower as investors decide on caution ahead of this weekend’s referendum in Italy. The Stoxx Europe 600 finished the session 0.33% lower, with the DAX in Germany dropping 1.00% and the CAC 40 in France lower by 0.39%. London’s FTSE was 0.45% lower as well, with worries over U.K. inflation and the strength of the Pound weighing on the market. Markets in the U.S. were mixed at the close Thursday, with gains from energy and financial shares helping to lift the Dow to a new record closing high, while continued weakness from technology and biotechnology giving the Nasdaq a second day of solid losses. At the close the S&P 500 was lower by 0.35%, while the Dow added 0.36% and the Nasdaq slid 1.36% lower.
EUR – The Euro firmed nicely against the USD and Yen on Thursday, while paring losses to end unchanged versus the Pound after unemployment unexpectedly fell to 9.8% in the Eurozone.
GBP – The Pound rose early in the session, but later gave back the gains to finish unchanged against the Euro and Yen, though it remained somewhat firmer versus the USD.
USD – The USD turned lower on Thursday as traders once again turned to taking profits from the greenback after its strong November rally.
JPY – The Yen was mixed on Thursday, firming against the USD, ending unchanged versus the Pound and falling against the Euro.
TRY – The Lira fell broadly on Thursday, hitting record lows against both the USD and the Euro as traders know the Turkish central bank remains averse to intervening further to halt the slide in the Turkish currency.
RUB – Despite the strong gains from crude on Thursday, the Ruble ended the session nearly unchanged against rival currencies, giving back earlier gains late in the session.
Metals – Thanks bullish outside markets on Thursday, precious metals were mixed although the technical posture for the metals remains firmly bearish, with gold hitting a new ten month low. February gold was last down $4.50 an ounce at $1,169.40. March silver was last up $0.043 at $16.525 an ounce.
Oil – Crude rallied for a second consecutive session, hitting a six week low as traders remain upbeat over the planned OPEC production cut. January West Texas Intermediate crude rose $1.62, or 3.3%, to settle at $51.06 a barrel.
S&P500 – After opening higher and bouncing around the unchanged line throughout the morning the S&P finally broke down over the lunch hour and dropped into negative territory. It remained depressed throughout the afternoon, edging lower before finally settling at its session low with a loss of 0.35% for the day as gains from energy and financials were overshadowed by losses from technology, real estate and the utilities sector.
DAX – The DAX began the day near unchanged levels, but quickly began a move lower that lasted all day. The index fell in choppy trade as investors were concerned about this weekend’s referendum in Italy. By the close of the session the DAX was 1.00% lower as it led losses across the region.
Nikkei – The Nikkei gained strongly in the morning in response to the combination of a sharp drop in the value of the Yen and surging crude prices overnight. After reaching a gain of 2.3% by the lunch break the index declined in the afternoon on profit taking and some Yen strength during the Asian session. Even with the afternoon pullback the Nikkei ended the session at its highest level of 2016 as it tacked on 1.12% to lead the Asian region for the day.
Apple – Shares of the tech leader fell for a second day on Thursday as the entire technology sector remained under pressure. After falling following the U.S. presidential election there was a brief recovery in tech, but the trend lower has resumed as investors seem to feel a Donald Trump presidency is not a positive for the technology sector. The stock closed Thursday at $109.49 a share, but the real support for the stock on a short term basis is at the $105 level, so more downside could easily be coming. Even on a longer term basis we think the trend in the stock is lower, so a move to test the stronger support at the $90 level in the coming weeks wouldn’t be a surprise. A break below that level could be very bad for the stock as the next serious level of support is all the way down at the $60 level, which would likely mean an extended downtrend in shares.
Increase your trading power by taking advantage of free opportunities