Binary options market review, January 18, 2019

January 18, 2019
  • UK retail sales have fallen to their lowest levels for the last few years, experts say that the upcoming Brexit is causing consumers to be more careful about spending. The British pound is declining on weak data and uncertainty with Brexit.
  • At 13:30 UTC Canada will present data on inflation and the volume of foreign investment in the country’s securities. Reports will show the impact of trade wars and lower oil prices on the Canadian economy.
  • Oil prices are rising today after an OPEC report showed a decline in oil production by countries – OPEC members. At 18:00 UTC Baker Hughes will report on the number of active rigs in the United States.
  • Netflix reported the fourth quarter of 2019 results, Netflix’s net income fell 28% to $0.3 per share, and the company’s revenue totaled $4.19 billion. Netflix shares were down in premarket.
  • The Ethereum rate continues to decline after it became known that the Ethereum hardforkwas postponed due to the discovered critical vulnerability in one of the improvements.

Binary options market review, January 17, 2019

January 17, 2019
  • The main financial market news is related to political instability in the UK. Theresa May’s office overcame a vote of no confidence and will continue preparations for Brexit. Experts point out three possible outcomes for the country: exit from the EU without an agreement, Brexit postpone or a new referendum.
  • The Eurostat Eurozone Inflation Report showed an expected decrease in inflation: the consumer price index declined to 1.6% in December on yearly basis, well below the target level previously indicated by the ECB.
  • At 13:30 UTC data from the United States on the construction of new houses, initial applications for unemployment benefits and the index of manufacturing activity from the Federal Reserve Bank of Philadelphia will be published.
  • Brent and Crude crude oil is declining today, the US Energy Information Administration reported that oil production in the US is breaking records, experts were also disappointed with the forecast that this year oil production will increase to 12 million barrels per day and, possibly, to 13 million by 2020.
  • Today, after the market closing, the supplier of films and TV shows Netflix will publish quarterly reporting, according to forecasts, earnings per share will be $0.25, revenue will reach $4.21B.

Binary options market review, January 16, 2019

January 16, 2019
  • The Brexit bill suffered a crushing defeat at the vote in the Parliament of Great Britain: 432 parliamentarians opposed and only 202 voted for it. Today in Parliament, a vote of no confidence in the government of Prime Minister Theresa May will be held.
  • Due to the ongoing closure of the US government, part of the reports will not be published, but at 19:00 UTC, the US Federal Reserve will publish the Beige Book, which will describe the economic situation in the country.
  • Yesterday, Netflix shares went up by 6.5%, the company announced that in the nearest future, tariffs in the US will be increased. Neflix stock are available for trading from 14:30 UTC.
  • At 15:30 UTC the US Energy Information Administration will release its official weekly report on US crude oil reserves. Oil reserves are expected to decline to -1.323M, with the data higher than forecast, oil will fall in price.
  • Today, before the market opening, the American financial conglomerate Bank of America will present quarterly reports, according to the forecast, earnings per share will be $0.63. The reports of other financial companies presented this week disappointed investors.

Binary options market review, January 15, 2019

January 15, 2019
  • The main event of the day is the vote on the Brexit agreement in the UK Parliament. According to preliminary estimates, the agreement as proposed by Teresa May will not be approved by both parties. Most experts agree that after a vote political chaos will begin and the pound will go lower.
  • At 13:30 UTC the producer price index (PPI) for December will be published, the index is expected to decline to the level of -0.1% on a monthly basis and will remain at 2.5% per annual basis.
  • A number of important speeches are expected today, at 15:00 UTC the speech of the ECB President Draghi will begin, and from 16:30 UTC the speeches of the representatives of the US Federal Reserve will begin. During the speeches increased volatility of the EUR/USD pair is expected!
  • Oil prices are moderately growing today amid a decline in global oil supplies and a decrease in drilling activity in the United States. Today it became known that the United States will no longer issue permits for temporary exemption from sanctions for the import of Iranian oil.
  • Today, before the market opening, financial holding JPMorgan will present quarterly reports, it is expected that earnings per share will be $2.20, revenue – $26.9B. Yesterday’s Citigroup report disappointed investors, despite the fact that earnings per share exceeded forecasts, quarterly revenues did not reach the preliminary data.

Binary options market review, January 14, 2019

January 14, 2019
  • Today’s report on China’s trading balance showed a sharp decline in both imports and exports: exports fell to -4.4%, and imports to -7.6%. Such a sharp decline indicates a significant slowdown in the growth of the second world economy. Australian and New Zealand dollars are falling on negative news.
  • Today, Citigroup, a large financial conglomerate, will provide quarterly report, with projected earnings per share of $1.55 dollars, revenues of $17.5B. Shares are available for trading from 14:30 UTC with a payout of 178%.
  • Eurostat data showed that industrial production in the Eurozone fell to -1.7% on a monthly basis and to -3.3% on tearly basis, which is significantly lower than forecasts and data of the previous month.
  • Brent crude oil is trading below the psychological important mark of $60 per barrel after the release of weak data on imports and exports from China. Oil support can be provided by the statements of Saudi Arabia representatives that the oil market is moving in the right direction, while the demand for raw materials remains stable.
  • Cryptocurrencies continue to decline against the background of the negative around the digital currency market: regulators in Japan have confirmed that they will not support the creation of exchange-traded cryptocurrency funds (ETF), and in China, following the employees of the leading Bitcoin mining company Bitman, its leaders will also resign.