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.
17 Aug 2017
August 17, 2017
|08:30||GBP||Retail Sales m/m||0.6%||0.2%|
|09:00||EUR||Final CPI y/y||1.3%||1.3%|
|11:30||EUR||ECB Monetary Policy Meeting Accounts|
|12:30||CAD||Manufacturing Sales m/m||1.1%||-1.0%|
|12:30||USD||Philly Fed Manufacturing Index||19.5||18.3|
|13:15||USD||Capacity Utilization Rate||76.6%||76.7%|
|13:15||USD||Industrial Production m/m||0.4%||0.3%|
|16:30||USD||FOMC Member Kaplan Speaks|
Asian markets were mixed, but mostly higher on Wednesday as short traders unwound their positions, and bargain hunters stepped up to buy high growth companies in several Asian markets. South Korea and Hong Kong, two of this years’ best performing global markets, both rebounded, adding 0.60% and 0.86% respectively. In Australia the S&P/ASX 200 was 0.48% higher, with gains led by the big four banks and the energy sector. On the flip side, both China’s Shanghai Composite and the Nikkei in Japan slipped lower, posting modest losses of 0.14% and 0.12% respectively.
European markets continued their rebound for a third consecutive session, with the broad-based Stoxx Europe 600 ending the day 0.69% higher. Miners led the gains as copper and zinc prices both rallied, with zinc hitting its highest level in 10 years. Markets also benefitted from a weaker Euro, with Germany’s DAX and the CAC 40 in France both ending the session 0.71% higher. London’s FTSE also gained on renewed risk appetite and the strength from the mining sector, ending the day 0.67% higher. Gains for the British market came despite a rally in the Pound, which rose following data showing wage growth in the June in the U.K. was greater than expected. Italian markets were closed for public holidays.
Markets in the U.S. had a strong start Wednesday morning, but investors remained cautious ahead of the afternoon release of the latest Federal Reserve meeting minutes. It was prescient of them, as the meeting minutes struck a dovish tone from the Fed, who are struggling to keep inflation near the 2% target, and could have to delay plans to raise interest rates later this year. The news caused markets to turn choppy, as did news of increased turmoil in the White House, where President Trump could face more resistance to his agenda’s after criticisms regarding his reaction and response to weekend racial violence in Charlottesville. Markets remained in positive territory and at the close the Nasdaq was 0.19% higher, the Dow gained 0.12%, and the S&P 500 advanced 0.14%.
USD/JPY – The pair faltered and fell off its daily high following the release of dovish Federal Reserve monetary policy meeting minutes late Wednesday afternoon. There was support found at the 110.00 level however, so the pair could potentially continue its rally once Asian markets open for trading later. If the pair breaks below the 110.00 level it will almost certainly test support at the 109.50 level soon after, and a break of that support could see the pair retesting the 109.00 level from last week, although we don’t believe that scenario is likely.
Bitcoin – The digital currency quickly recovered from the “flash crash” on Tuesday that took its value nearly to the $3,800 level briefly. Now Bitcoin is trading back near record levels as it has gained an additional 3.8% in Wednesday’s trading, even as the USD declined against rivals. A recent series of tweets from Chris Burniske, a bitcoin expert who was previously a blockchain analyst at ARK Invest speculate that Bitcoin price rises as interest in Bitcoin rises, and that increasing price causes increased interest. This virtuous cycle could mean that Bitcoin will continue rising rapidly, at least until it gains mainstream acceptance.
Metals – Precious metals turned higher after it was learned that President Trump had disbanded two White House advisory groups. The move sparked haven demand for the metals as it was seen as more turmoil for the President’s administration. December gold rose $3.20, or 0.3%, to settle at $1,282.90 an ounce. Silver for September delivery performed even better, tacking on $0.226, or 1.4%, to end at $16.94 an ounce. In other metals action, September copper rose $0.071, or 2.5%, to finish at $2.954 a pound.
Oil – Crude fell for the third session in a row Wednesday after the U.S. released data showing crude production in the U.S. rising to its highest level in two years. September West Texas Intermediate crude lost $0.77, or 1.6%, to settle at $46.78 a barrel. October Brent crude fell $0.53, or 1%, to $50.27 a barrel.
S&P500 – The S&P began the day on a strong note, rising ahead of the release of the latest Federal Reserve meeting minutes. The release of those minutes in the afternoon, and the dovish tone of the meeting minutes, caused the S&P to retreat from its daily highs in a choppy trading pattern. By the close the S&P was still holding to a 0.14% gain, with nine of the eleven sectors still in the black. Only the financial and energy sectors ended the day lower, by 0.24% and 1.13% respectively.
FTSE100 – London’s main benchmark index rose for a third consecutive session on Wednesday, gaining 0.67% even as the Pound regained some traction following a stronger than expected reading on wage growth in the U.K. Investors seem to have regained their risk appetite as the tensions between North Korea and the U.S. have receded. Mining shares were the strongest for the day as copper and zinc rallied strongly. Glencore PLC whose portfolio of metals include zinc and copper, zoomed up 4.2%, and Anglo American PLC advanced 3.6%.
S&P/ASX 200 – Australia’s benchmark index reversed early weakness to finish the day with a 0.48% gain as the banking and energy sectors provided a boost higher. Westpac Bank rallied 1.71% higher, ANZ jumped by 2.05% and National Australia Bank rose 1.39%, while Commonwealth Bank of Australia fell 1.74% as the shares went ex-dividend. In the energy space Woodside Petroleum advanced 2.61%, Santos added 1.52% and Oil Search gained 0.63%.
Alibaba – The giant Chinese ecommerce company will report earnings before the bell on Thursday, and a strong result could push the stock back into record territory, as right now it sits less than 1% from its all-time high, even after the recent pullback in markets. Expectations are for a strong quarter as Chinese online retail growth has already been reported as 41% in June by the Chinese National Bureau of Statistics. One obvious beneficiary of this growth will be Alibaba, and in fact the company itself has already provided strong forward guidance. Additionally, Alibaba seems to be something of a darling among fund managers, and the power of all the fund buying on a strong earnings number could propel shares of Alibaba significantly higher. This is definitely a stock to keep your eye on heading into the earnings release.
16 Aug 2017
August 16, 2017
|08:30||GBP||Average Earnings Index 3m/y||1.8%||1.8%|
|08:30||GBP||Claimant Count Change||6.0K||7.2K|
|09:00||EUR||Flash GDP q/q||0.6%||0.6%|
|14:30||USD||Crude Oil Inventories||-6.5M|
|18:00||USD||FOMC Meeting Minutes|
Asian markets were mostly higher at the close Tuesday, with investor sentiment turning increasingly positive after North Korea’s leader reportedly said he is no longer considering sending missile at U.S. bases in Guam. South Korean markets were closed for a public holiday, so there was no reaction there. Japan’s Nikkei led the region higher, jumping 1.11% higher in response to the decline in tensions, and with the yen turning weaker versus the U.S. dollar and other rivals. Hong Kong’s Hang Seng bucked the rising trend, giving back early gains as investors decided to continue taking profits from the high flying market. In Australia the S&P/ASX 200 ended the day % higher as banks and mining companies rallied on continued upbeat earnings reports.
European markets extended gains from the previous session, although the continued rally was tepid, with the pan-European Stoxx Europe 600 gaining just 0.09%. News of North Korea scrapping plans for sending missiles against Guam helped to lift sentiment, although a weaker than expected reading on German growth was a bit of a headwind for markets. Germany’s DAX added a tepid 0.10%, while the CAC 40 in France finished the session 0.36% higher.
Better gains came from the U.K., where the FTSE 100 added 0.41% thanks to weakness in the Pound. The British currency faltered after U.K. inflation in July was weaker than expected. The weaker than expected inflation data has investors thinking that the Bank of England could hold off until late 2018 for any rate hikes.
Markets in the U.S. traded along the unchanged line for most of the day, finally ending the session mostly lower as investors seemed unwilling to give equity markets direction, despite falling geopolitical risks and stronger than expected U.S. retail sales. The Dow managed to finish higher for a third consecutive session, adding 0.02%, but the S&P 500 was 0.05% lower, and the Nasdaq fell 0.11% for the session. Shares of retailers were surprisingly weak, even as U.S. retail sales gained more than expected in July, and Home Depot, TJX and Coach all reported better than expected quarterly revenue.
AUD/USD – The pair extended its fall on Tuesday, dropping solidly below the 0.7850 level where it had paused and getting ready to take on the support at the 0.7785 level. With the USD showing increased strength recently, and the chance of a U.S. interest rate hike in December jumping back above the 50% level, there is a very real chance that the pair will be able to slice right through that support level. If that happens we think the pair will quickly trade down to the 0.7700 level, if not slightly lower, before finding more support.
Bitcoin – As more and more analysts jump on the Bitcoin train and project increasingly optimistic levels for the digital currency the likelihood of a correction increases. Tuesday could have been a foreshadowing of such as the price of Bitcoin dropped roughly 10% during the North American trading session before beginning to recover late in the day. Bitcoin remains extremely volatile and is not for the faint of heart as it can obviously rise and fall dramatically in a short period of time.
Metals – Precious metals suffered on Tuesday, putting in their worst daily performance in six weeks as rising risk appetite and a stronger USD weighed on risk assets like gold and silver. December gold declined $10.70, or 0.8%, to settle at $1,279.70 an ounce, after settling down 0.3% on Monday. September silver tumbled $0.408, or 2.4%, to end at $16.714 an ounce. It was the first time in six sessions for silver to decline. Other metals fell as well, with a stronger USD weighing on commodities in general. September copper fell $0.022, or 0.7%, to $2.883 a pound, while September palladium finished down $6.10, or 0.7%, at $892.05 an ounce.
Oil – Crude was little changed on Tuesday as concerns over rising U.S. shale oil production were offset by a belief that the U.S. would report a sharp drop in its crude inventory levels. September West Texas Intermediate crude oil fell $0.04, or less than 0.1%, to settle at $47.55 a barrel. Brent oil for October settled $0.07, or 0.1%, higher at $50.80 a barrel
Dow Industrials – The Dow held its position above the 22,000 level on Tuesday, managing a slight gain of 0.02% as shares of Apple and American Express supported the index, while retailers Nike and Home Depot were a drag on the Dow. Financial shares tended to move higher as risk appetite increased Tuesday, but technology combined with retail shares to keep gains muted on the Dow as investors were unable to generate significant buying interest.
DAX – Germany’s benchmark index gained a modest 0.10% on Tuesday as investor cheer over the declining geopolitical risks was tempered by weaker than expected growth for Europe’s largest economy in the second quarter. Second quarter growth was 0.6% versus a 0.7% reading for the first quarter and expectations for another 0.7% reading.
Nikkei – Japan’s benchmark index rose 1.11% on Tuesday, erasing the Monday loss of 1% as investors were upbeat seeing the yen soften versus the USD and other major currencies. Some analysts feel that gains were muted for the Nikkei however, as the proximity of Japan to North Korea makes it particularly vulnerable to current geopolitical risks, even as such risks are receding.
Apple – Shares of the iconic technology company were the best performing member of the Dow on Tuesday as markets remained flat for most of the session. The stock was 1.24% higher as investors cheered rumors of a collaboration between Apple and Aetna that would bring the Apple Watch to millions of Aetna subscribers. Aetna already offers the Apple Watch to its 50,000 employees as part of its corporate wellness program, but sources close to the talks say that Aetna could roll out an offering to its 23 million members as soon as the first quarter of next year. This would get Apple’s products into millions of hands, and would give the tech company an inside track to the health industry, something it has been looking at for some time.
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