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Economic Calendar

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.

Global market reports

Global Market Reports allow you to analyze the status of global foreign currencies, commodities, indices and stocks. These reports are another effective resource to use when choosing which asset to trade and when to trade it.

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.

24-8-17

24 Aug 2017

August 24, 2017

Time (GMT) Currency Event Previous Forecast
08:30 GBP Second Estimate GDP q/q 0.3% 0.3%
08:30 GBP Prelim Business Investment q/q 0.6% 0.2%
12:30 USD Unemployment Claims 232K 237K
14:00 USD Existing Home Sales 5.52M 5.55M
Tentative USD Mortgage Delinquencies 4.71%
Day 1 ALL Jackson Hole Symposium
11:30 JPY National Core CPI y/y 0.4% 0.5%
11:30 JPY Tokyo Core CPI y/y 0.2% 0.3%

 

Global Commentary

Markets across Asia looked strong at the open Wednesday as investor risk appetite improved in response to the overnight gains on Wall Street, but caution descended later in the session, sending many Asian markets skidding.  The Nikkei in Japan finished off its daily highs, but still managed to break its five session losing streak as it ended 0.26% higher on the back of a weaker Yen.  In Australia the S&P/ASX 200 reversed early gains and fell 0.23%.  South Korea’s Kospi eked out a 0.05% gain, and in Hong Kong markets were closed as trading was halted due to the approach of Typhoon Hato.  Finally, the Shanghai Composite on mainland China edged lower by 0.08% as iron ore futures declined.

European markets were unable to follow-up the gains from the previous session, falling instead in a risk-off atmosphere.  The cautious sentiment developed after U.S. President Donald Trump indicated he is will to do anything to win funding for his border wall project; including allowing a shutdown of the Federal government.  The Stoxx Europe 600 responded by falling 0.60% on the session, while Germany’s DAX was 0.45% lower, and the CAC 40 in France fell 0.32%.  Also pressuring equities was further gains for the Euro, which the EUR/USD trading back above the 1.1800 level and the GBP/EUR dropping nearly to the 1.0800 level.  The gains for the shared currency came in response to strong preliminary PMI data from across the European Union, indicating that growth remains strong in the Eurozone.  In London, the FTSE managed a very slight 0.01% gain as the Pound slipped lower against rival currencies, although sentiment among investors remained quite weak.

Major U.S. indices ended lower on Wednesday as investor sentiment turned more negative ahead of the Jackson Hold symposium of central bankers.  The S&P 500 was off by 0.35%, the Nasdaq fell 0.30%, and the Dow lost 0.40%.  Also losing ground on investor caution ahead of Jackson Hole was the U.S. dollar, which softened broadly against rivals.  There was also risk aversion injected into markets after U.S. President Trump claimed he was willing to shut down the government in order to win funding for his controversial border wall.  In addition, Trump also warned of the possible termination of the North American Free Trade Agreement during a rally in Arizona.  Trading volumes were light, as they have been recently due to the August slump that occurs when investors head away from markets on their final summer vacations.

 

FOREX

USD/JPY – The jump in risk aversion caused by U.S. President Trump’s comments regarding funding for the government sent the safe haven Yen soaring higher against the USD on Wednesday, causing the pair to break back below the 109.00 level during the North American session.  Japanese investors will likely be in a risk-off mood when Asian markets re-open, sending the pair lower still.  If the pair closes below the 108.60 level we will likely get a more significant move lower, with a possibility that the pair will try to test 2016 lows below the 102.00 handle.

Ripple – The alternative digital currency surged higher on Wednesday, gaining more than 50% as heavy volumes came from South Korean exchanges.  The South Korean exchanges caused Bitcoin Cash to surge higher this past weekend, but with that digital currency falling out of favor this week it appears that the South Korean traders chose to move into Ripple as an alternative.

 

Commodities

Metals – Precious metals reversed their decline from the previous session and finished higher on Wednesday as the U.S. dollar declined and political risk level increased following comments on shutting down the U.S. government and exiting the North American Free Trade Agreement from U.S. President Donald Trump at an Arizona rally.  Gold for December delivery rose $3.70, or 0.3%, to settle at $1,294.70 an ounce, while September silver gained $0.064, or 0.4%, to finish at $17.046 an ounce.  Meanwhile, September palladium was up $0.65, or less than 0.1%, settling at $933 an ounce.

Oil – Crude gained on Wednesday as U.S. inventory levels fell for an eighth consecutive week, but gains were capped by U.S. production levels climbing to a more than  two year high.  October West Texas Intermediate crude tacked on $0.50, or 1.1%, to finish at $48.33 a barrel.  October Brent crude in London added $0.57, or 1.1%, to end at $52.44 a barrel.

 

Indices

Dow Industrials – The Dow fell on Wednesday, losing 0.40% as risk aversion rose among investors ahead of the Jackson Hole summit.  Leading the way lower were Dow components Johnson & Johnson, lower by 1.41%, Walt Disney, which was off by 1.24%, and Cisco Systems, which fell 1.12%.  All three have been under pressure since the second quarter earnings results were released.  In addition, the loss marked the longest streak in which the Dow hasn’t risen by at 1% or more in more than 10 years.  It has now been 84 days since the Dow last saw a daily percentage increase in excess of 1%.

FTSE 100 – London’s benchmark index edged up by 0.01% on Wednesday, extending its winning streak to a second consecutive session.  Strength from the mining sector still led the index, but a weaker Pound weighed on the broader market, offsetting gains from the likes of BHP Billiton, which was up by 1.2%, and Antofagasta, which gained 2.3%.  There was also speculation that the Brexit position of the U.K. is softening somewhat, which could mean the British government will not be able to get some of the terms that were set out in January.

Nikkei – The Japanese benchmark index was up by as much as 0.6% in early trade, but saw gains fizzling out as the Yen began to recover from an overnight dip versus the U.S. dollar.  By the close the index had pared gains, but still remained 0.26% higher, halting a five day slide as technology and insurance stocks led the way higher.  The Japanese markets are likely to remain quiet on Thursday as investors turn increasingly cautious ahead of the start of the three day Jackson Hole summit of central bankers.


Stocks

Walt Disney Co. – Shares of the entertainment and media giant fell nearly 10% after it disappointed investors in its latest revenue report.  The fall put Disney shares officially in a downtrend, but recently it looks to be trying to climb out of that hole.  It needs to get back above the $110 level to snap the downtrend, but faces resistance between $106.50 and $108 that could derail its efforts, and would likely mean that the stock will print a new low beneath the $100 a share level.  Disney continues to struggle with subscriber losses from its flagship ESPN networks, and is planning on offsetting that by creating its own streaming services – one for sports, and another for its branded content.

see full article here

23-8-17

23 Aug 2017

August 23, 2017

Time (GMT) Currency Event Previous Forecast
07:00 EUR ECB President Draghi Speaks
08:00 EUR Flash Manufacturing PMI 56.6 56.3
08:00 EUR Flash Services PMI 55.4 55.4
13:05 USD FOMC Member Kaplan Speaks
13:45 USD Flash Manufacturing PMI 53.3 53.3
13:45 USD Flash Services PMI 54.7 54.9
14:00 EUR Consumer Confidence -2 -2
14:00 USD New Home Sales 610K 615K
14:30 USD Crude Oil Inventories -8.9M

 

Global Commentary

Asian markets turned broadly higher on Tuesday, although volumes remained light across much of the region as investors remained on the sidelines ahead of the Jackson Hole summit of central bankers slated to begin this Thursday.  Hong Kong’s Hang Seng led the region as it has returned to strength, gaining 0.91% on Tuesday.  Australia’s S&P/ASX 200 added 0.42%, with mining shares taking the lead after BHP Billiton announced it would be tripling its final dividend.  In Singapore the Straits Times Index snapped a five session losing streak as it gained 0.52%.  Japan’s Nikkei was a weak spot however, falling 0.05% as the Yen remained stubbornly strong against the USD.

European markets headed solidly higher on Tuesday, snapping a three session skid as investor sentiment turned more positive thanks to no further escalation of tensions between the U.S. and North Korea.  The pan-European Stoxx Europe 600 was 0.83% higher at the close, and gains in the region were led by a 1.35% rally higher in Germany’s DAX, even though investors had to digest the lowest ZEW survey on economic conditions in Germany since October of last year.  A weaker Euro helped to underscore gains for European equities, and the CAC 40 in France was 0.87% higher as well.  In London, the FTSE rose 0.86% as shares of mining companies rallied in response to the tripled dividend from BHP Billiton in conjunction with news that the company would be selling off its U.S. onshore gas and oil operations.

In the U.S., markets finished the day broadly and strongly higher, with the Dow and S&P500 both advancing for a second consecutive session, and the Nasdaq snapping a three session losing streak.  The Nasdaq put in the best performance, rising 1.36% as the technology sector led the rally.  Several other sectors, including the financials and healthcare sectors also made gains in excess of 1%.  The S&P 500 ended the day 0.99% higher, and the Dow added 0.90% in its best daily percentage gain in four months.  Volumes however remained light, although investors seemed willing to take on additional risk.

 

FOREX

GBP/USD – After finding support above the 1.2830 level for five consecutive sessions the pair broke below that on Tuesday, but did still find support as it reached the 1.2800 level.  It looks as if the currency bears are taking control of this pair, and with a close beneath the 1.2800 level we could easily see a drop of another 150 pips before the pair finds support.  Doubtless the news coming out of Jackson Hole this coming Thursday and Friday will have a significant impact on currency markets in general and perhaps on this pair specifically.

USD/CHF – The pair moved higher on Tuesday as the 0.9600 level remains very supportive for the pair.  That said, little upside is seen as there is equally significant resistance for the pair at the 0.9725 level.  This could easily keep the pair range bound for some time, although there is a good chance that the comments of top central bankers at the Jackson Hole summit will break the pair out of its current range.

 

Commodities

Metals – Precious metals came under pressure on Tuesday, with gold dropping from an eleven week high in response to a rising U.S. dollar and falling risk aversion.  Gold for December delivery lost $5.70, or 0.4%, to settle at $1,291 an ounce.  September silver dropped $0.033, or 0.2%, to $16.982 an ounce, while September palladium finished at $932.35 an ounce, down $6.65, or 0.7%.  The only strength in metals came from Copper for September delivery as it gained 0.2% to end at $2.987 a pound after tapping intraday highs above $3.00 a pound.

Oil – Crude gained modestly on  Tuesday as traders were anticipating the U.S. reporting an eighth consecutive weekly drop in crude inventory levels.  October West Texas Intermediate crude gained $0.30, or 0.6%, to finish at $47.83 a barrel.  October Brent on the London exchange rose $0.21, or 0.4%, to settle at $51.87 a barrel.

 

Indices

Dow 30 – The Dow had its strongest session in four months, gaining 0.90% on the back of a strong rally in several sectors, including technology, financials, consumer discretionary, health care, materials, and industrials.  Although trading volumes were low, even for an August session, investors seemed willing to take on risk again after a downbeat series of sessions in equity markets.  There were indications however that the buying was related to bargain hunting, and with markets near historic highs it is questionable if this type of action can be maintained.

FTSE100 – London’s benchmark equity index snapped a three session losing streak on Tuesday, rising 0.86% by the close in its best daily percentage gain in over 5 weeks.  Gains from mining companies led the rally after BHP Billiton tripled its dividend and announced it was selling its U.S. onshore oil and gas operations.  Copper miner Antofagasta also tripled its dividend, providing an additional upward push for the mining sector.  U.K. homebuilder shares continued to perform well also, as average home prices and the number of homes sold is on an upward trajectory.

Nikkei – The Japanese benchmark index fell on Tuesday in light volume trading, edging lower by 0.05% as the USD/JPY traded below the 109.00 handle.  The export heavy index has now trimmed its yearly gain to just 1.4% as the strength of the Yen recently has weighed on export linked shares, whose profits fall when the Yen becomes stronger.  The index broke through support on Monday, making it likely that we will see further downside from the index of roughly 500 points before it finds the next level of support around the 18,850 level.


Stocks

BHP Billiton – The mining giant decided to purchase shale oil assets back in 2011 and it has been considered as a mistake ever since.  The company is planning on correcting that mistake now as it announced Tuesday that it is actively looking to exit the U.S. shale oil and gas operations.  Investors were cheered by the news, which came on the heels of a massive profit report, a tripled dividend, and a $10 billion drop in debt.  The stock was up 1.4% on Tuesday, breaking above resistance at the $41 a share level, and paving the way for further gains in the coming quarter, mostly likely to the next resistance level around $48 a share.

see full article here

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