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.
20 Jan 2017
January 20, 2017
|01:00||USD||Fed Chair Yellen Speaks|
|02:00||CNY||Industrial Production y/y||6.2%||6.1%|
|02:00||CNY||NBS Press Conference|
|Day 4||ALL||WEF Annual Meetings|
|09:30||GBP||Retail Sales m/m||0.2%||-0.1%|
|13:30||CAD||Core Retail Sales m/m||1.4%|
|Tentative||USD||President-Elect Trump Speaks|
Asian markets were mixed and little changed Thursday as investors remain cautious ahead of the U.S. presidential inauguration set for Friday. The Nikkei was the standout market of the day, gaining 0.94% in response to weakness in the Yen versus the U.S. dollar. In Australia the S&P/ASX 200 started strong, but drifted lower throughout the session, closing with a modest gain of 0.24%. Mainland China’s Shanghai Composite opened lower and then rose in morning trade to reclaim unchanged levels, but then fell once more after the lunch break, ending the day with a loss of 0.38%. In Hong Kong the Hang Seng followed the mainland’s lead, losing 0.21% for the day. The Kospi in South Korea managed a 0.11% gain, and in Singapore the Straits Times Index climbed 0.27% for the day. In Europe markets edged broadly lower after ECB president Mario Draghi made dovish comments that failed to lift equities. The Stoxx Europe 600 ended the session with a 0.06% loss, with the DAX in Germany edging down 0.02% and the French CAC 400 off by 0.25%. In London, the FTSE fell 0.54%, dragged down by the homebuilders after data showed U.K. house price growth slowed in December. Markets in the U.S. traded sideways along unchanged levels for much of the day, but finally headed south after Federal Reserve chairwoman Janet Yellen spoke, confirming that the Fed is prepared to hike interest rates in the U.S. several times in 2017. At the close the S&P 500 was lower by 0.36%, the Dow gave up 0.37%, and the Nasdaq posted a 0.28% loss.
EUR – The Euro firmed against the Yen and USD on Thursday while softening versus the Pound following a statement from ECB president Mario Draghi in which he was dovish on the future of monetary policy in the European Union for the coming year.
GBP – The Pound recovered its strength on Thursday, rising broadly against rival currencies.
USD – The USD showed some strength following a speech by Federal Reserve chairwoman Janet Yellen, but ended the day softer against the Euro and Pound, although it did firm versus the Yen.
JPY – The Yen fell broadly for a second consecutive session as safe haven demand has been drying up in currency markets.
TRY – While Turkish officials continue to assert that the drop in the Lira is the product of manipulation in currency markets, it has done little to halt the slide in the Lira, which fell broadly again on Thursday against major currencies.
RUB – The Ruble ended Thursday broadly softer versus rival currencies, erasing most of the gains made in the previous session.
Metals – Precious metals headed lower Thursday as the U.S. dollar rose on hawkish commentary from Federal Reserve chair Janet Yellen. Gold for February delivery fell $10.60, or 0.9%, to settle at $1,201.50 an ounce. March silver fared worse, falling by $0.272, or 1.6%, to finish at $17.002 an ounce.
Oil – Crude shrugged off a rise in U.S. inventory levels Thursday after OPEC member nations confirmed they have begun cutting production, and the organization said it could consider further production cuts later this year if necessary. February West Texas Intermediate crude oil settled up $0.29, or 0.6%, at $51.37 a barrel.
S&P500 – The S&P opened higher, but soon found itself in negative territory. It remained slightly below unchanged levels for much of the day, but found further losses in the afternoon when the Federal Reserve chairwoman gave a hawkish speech. By the close the S&P was near its session lows, with the greatest losses coming from the interest rate sensitive real estate and utilities sectors, falling by 0.37% on the day.
DAX – The DAX bounced back and forth over unchanged levels Thursday morning as investors awaited a speech by ECB president Mario Draghi. When Mr. Draghi spoke and struck a dovish tone the market initially rose, but then gave back the gains as investors across Europe remain cautious. By the close the DAX was back near unchanged levels, ending the day flat with a 0.02% loss.
Nikkei – The Nikkei jumped higher at the open in response to the Yen weakening once more versus the U.S. dollar. Continued Yen weakness throughout the session kept the Nikkei near session highs all day, with the index outperforming in the Asian region as it tacked on 0.94% for the day.
Yahoo Inc. – The internet information technology company has seen better days, but the stock has been recovering nicely of late and is climbing back towards highs last seen in 2014 and previous to that all the way back in 2005. The company will report earnings next Monday, and is expected to beat analyst estimates as it has been undergoing a restructuring, including the sale of $4.83 billion in core assets to Verizon. The move will certainly improve Yahoo’s cost structure, and will allow the company to focus more heavily on the profitable mobile advertising segment. Most recently price has bounced between the $41 and $43 a share levels, but an earnings beat could send it up to test the 2014 high around $51 a share for resistance. Poor earnings on the other hand could knock the stock back to the 2015 low at $29 a share to see if support lies there.
19 Jan 2017
January 19, 2017
|00:30||AUD||Employment ChangeEmployment Change||39.1K||10.2K|
|Day 3||ALL||WEF Annual Meetings|
|12:45||EUR||Minimum Bid Rate||0.00%||0.00%|
|13:30||CAD||Manufacturing Sales m/m||-0.8%||0.2%|
|13:30||ECB||ECB Press Conference|
|13:30||USD||Philly Fed Manufacturing Index||21.5||16.3|
|16:00||USD||Crude Oil Inventories||4.1M|
Asian markets finished mixed on Wednesday as the uncertainties over a Trump presidency in the U.S. kept them from finding direction for the most part. Australia’s S&P/ASX 200 fell for a second consecutive day, ending with a loss of 0.36%. On mainland China the Shanghai Composite gained 0.14% after the People’s Bank of China injected roughly $39 billion in liquidity to the Chinese money market. The Hang Seng in Hong Kong led the region as it advanced 1.13% and broke above the psychologically important 23,000 level. Japan’s Nikkei started the day in the red, but a weakening Yen during the session lifted the index as the Nikkei finished the day 0.43% higher. In South Korea the Kospi fell 0.06%, while the Straits Times Index in Singapore was 0.42% lower at the close. European markets ended broadly higher in a back and forth session as investors weighed good corporate earnings against their uncertainty over the incoming U.S. president. At the close the Stoxx Europe 600 was 0.18% higher, with Germany’s DAX adding 0.51% and the CAC 40 in France finishing 0.13% lower. London’s FTSE bounced back from the losses of the previous session, gaining 0.38% on the day. Markets in the U.S. also traded back and forth over unchanged levels all day Wednesday, finally finishing mixed but off their daily lows. At the close the S&P 500 was trading 0.18% higher, the Dow fell by 0.11%, and the Nasdaq added 0.31%.
EUR – The Euro bounced back and firmed against the Pound and Yen on Wednesday, but fell versus the USD.
GBP – The Pound continued to firm against the Yen on Wednesday, but reversed some of the huge gains made in the previous session versus the USD and Euro.
USD – The USD reversed course Wednesday, firming broadly and solidly after plunging against rivals in the previous session.
JPY – The Yen was broadly softer on Wednesday as some of the safe haven demand for the currency began to dry up.
TRY – The Lira was mixed on Wednesday as it softened against the USD and Euro, but firmed versus the Yen and Pound. The Turkish currency remains mostly under pressure however with little end in sight for the historic lows it has been facing against the USD.
RUB – The Ruble firmed against most major currencies Wednesday, but reversed mid-day to finish modestly softer versus the USD.
Metals – Precious metals ended mixed on Wednesday as the U.S. dollar strengthened, taking some of the steam out of the recent rally for the metals. February gold lost $0.80, or less than 0.1%, to settle at $1,212.10 an ounce. March silver added $0.126, or 0.7%, to $17.274 an ounce.
Oil – Crude fell sharply Wednesday, with losses accelerating late in the day as traders worried about increase shale oil production in the U.S. pushing supply levels higher. February West Texas Intermediate crude fell $1.40, or 2.7%, to settle at $51.08 a barrel.
S&P500 – The S&P spent the day trading along unchanged levels as investors remain cautious ahead of the inauguration of Donald Trump. The market rallied into the close, pulling the S&P to its highest level of the day where it closed with a 0.18% gain.
DAX – The DAX gained early in choppy trade, but by the lunch hour was back at unchanged levels. It managed to pull higher again in the afternoon, and by the close it was leading European markets higher as it added 0.51% for the day.
Nikkei – Japan’s Nikkei fell sharply into the red at the open Wednesday as investors reacted to the overnight strength in the Yen versus the U.S. dollar. As the Yen retreated during the Asian session the Nikkei also recovered and was nearly back to unchanged levels by the lunch break. The Nikkei continued higher in the afternoon, with a final push at the end of the session giving the Japanese benchmark index a gain of 0.43% for the day.
McDonald’s Corporation – After rising off the $111 low after the U.S. presidential election in November, McDonald’s shares have turned sideways, trading in the range of roughly $119 to $124 a share. The stock remains range bound this week and was little changed Wednesday as investors prepare for the company to release fourth quarter earnings before the market open next Monday. Earnings are expected to be in-line with analyst forecasts, but what investors really want to see is continued signs that the fast food giant is making strides in attracting a younger demographic back through its doors. The addition of all-day breakfast in 2015 helped that along, and the company has been making menu changes that seem positive, but investors are still questioning if the company can continue to turn things around. The stock hit a high near $131 a share last year after the all-day breakfast was added, but has floundered since and will need to show investors something impressive on the operations front to retake that all-time high.
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