Binary options market review, October 17

October 17, 2018
  • The main event of the day is the publication of the The Federal Open Market Committee meeting minutes, it is scheduled at 18:00 UTC. Investors hope to find information on further increases of interest rates and about the impact of US President Trump position on further actions of the US Federal Reserve.
  • According to the inflation data published by the UK National Statistics Office, the consumer price index fell more strongly than the forecast, having shown the worst result over the past three months: the figure dropped to 2.4% on an annualized basis, and monthly basis it dropped to 0.1%.
  • Inflation in the Eurozone remains above the level set by the European Central Bank. The growth rate of consumer prices remains at 2.1%. Most likely, the new data will confirm the ECB’s intention to leave interest rates unchanged.
  • At 12:30 UTC the US will publish data on construction, according to the forecast, the number of building permits issued in September rose to the mark of 1.278M, and the volume of construction of new houses will drop to 1.220M.
  • Netflix stocks gained 4% yesterday. Netflix financial report showed earnings per share at the level of $0.89 (forecast $0.68). As it became known, the service received 7 million new subscribers from July to September 2018, which is a third more than the markets had expected, therefore, investors’ fears of a company’s rapid growth slowdown were groundless.

Binary options market review, October 16

October 16, 2018
  • Data on consumer price inflation in New Zealand showed an increase in the consumer price index to 0.9% – the best result in the last few years.
  • According to the National Statistics Office of Great Britain, the average salary increased to 2.7%, the number of applications for unemployment benefits rose to 18.5K, the unemployment rate remained at 4%.
  • The ZEW economic sentiment index in Germany showed a significant decline in sentiment of German investors to -24.7, although it was expected to decline to -12.3.
  • At 14:00 UTC the US Bureau of Labor Statistics will publish employment data, the number of open vacancies in the JOLTS labor market is an important tool for demand in the labor market measuring. Forecast: 6,945M.
  • Today, after the market closing, the American provider of films and TV shows Netflix will provide quarterly reports. According to forecasts, earnings per share will be $0.68, with data above the forecast, Netflix stocks will start to grow.

Binary options market review, October 15

October 15, 2018
  • The British pound is moderately reduced after negotiations between the EU and the UK did not end with the signing of an exit agreement. However, according to unofficial data, the parties came to an unofficial agreement, that will allow a “soft” exit from EU.
  • At 12:30 UTC USA will publish sales data, it is expected that the core retail sales index will rise to the level of 0.4%, the total retail sales will reach the level of 0.7%.
  • Oil prices are rising after the development of the scandal between the United States and Saudi Arabia over the disappearance of the journalist Hashkazhi, who criticized the Saudi authorities. US President Donald Trump has promised to deal with the situation and “severely punish” Saudi Arabia, if the country’s involvement in this incident is proved.
  • Today, before the market opening, the financial conglomerate Bank of America, according to the forecast, earnings per share will be $0.62. Two other major banks – JP Morgan and Citigroup – have previously submitted stronger reports than expected. Bank of America stocks are available for trading from 13:30 UTC with a payout of 178%.
  • Cryptocurrencies moved to decline after rising the day before, BTC/USD is trading around $6,523, ETH/USD – $223, XRP/USD – $0.47. Last week the People’s Bank of China was reported to look for specialists to launch the state cryptocurrency.

Binary options market review, October 12

October 12, 2018
  • The US stock market continues to decline, yesterday the Dow Jones index fell by 2.13%, the S&P 500 – by 2.06%, the Nasdaq Composite fell by 1.25%.
  • The Russian ruble is strengthening, the USD/RUB pair is trading below 66, the ruble is rising against the backdrop of a falling dollar and rising oil.
  • Today US financial holding JPMorgan will provide quarterly reports, according to forecasts, earnings per share will reach $2.27. All data on the company’s revenues exceed forecast during several years. The company’s shares are traded from 13:30 UTC.
  • Before the market opening one of the largest international financial conglomerates Citigroup will publish financial statements, it is expected that earnings per share will be $1.67, which is higher than the data published last quarter.
  • Oil prices are recovering after a strong two-day fall. Today at 17:00 UTC Baker Hughes report will be published, the report is a strong indicator of drilling activity in the United States. The number of active drilling rigs in the United States is falling for the second month in a row.

Binary options market review, October 11

October 11, 2018
  • The International Monetary Fund published a report on the state of the world economy, the forecast for the growth of the world economy in 2019 is lowered. Among the main threats the IMF notes world trade wars, the upcoming Brexit and instability in emerging markets.
  • Yesterday’s trading in the US market ended with a sharp drop, the Dow Jones index fell 3.15%, the Nasdaq Composite lost 4.08%. Analysts call the US-China trade war the main cause of the collapse, Donald Trump shifted responsibility for what happened to the US Federal Reserve.
  • At 11:30 UTC the latest minutes of the ECB monetary policy meeting will be published. In the meantime, the growth of the euro is limited by the continuing friction between the populist government of Italy and the EU regarding the country’s budget plans.
  • At 12:30 UTC data on inflation in the United States will be published, it is expected that the basic consumer price index on a monthly basis will rise to 0.2%, annualized to 2.3%.
  • Oil continues to decline today, data from the American Petroleum Institute showed a sharp increase in US oil reserves. Today at 15:00 UTC the Energy Information Agency will publish the data on oil reserves, reserves are expected to grow to 2.620M.