Binary options market review, May, 18

May, 18
  • Inflation in Japan is slowing, the nationwide basic consumer price index in April fell to 0.7%.
  • Gold prices fell below $1 286, silver is trading at $16.4 against the backdrop of the strengthening of the US dollar and growth in yields on government bonds, which rose by 3.122% to a seven-year high.
  • Major crypto-currencies – Bitcoin, Ethereum, Ripple – lost 5% of their value. Crypto-currencies are traded on our platform 24/5 and on weekends.
  • At 12:30 UTC Canada will publish inflation and retail sales data, the data higher than the forecast will cause the Canadian dollar to rise, the USD/CAD will go lower.
  • At 17:00 UTC+0 Baker Hughes will publish data on the number of active oil platforms in the US. Now, oil is growing amid growing demand for oil, a crisis in Venezuela and the imminent imposition of sanctions against Iran.

Binary options market review, May, 17

May, 17
  • AUD/USD rose to 0.7542 and AUD/JPY broke 83.00 mark after the release of the employment report in Australia, the report showed employment growth above the forecast to 22.6K, while the unemployment rate rose to 5.6%.
  • Bitcoin and other crypto-currencies are declining after the publication of Microsoft Corporation statement, the company announced its intention to join Google and Facebook and block advertising of crypto-currency in its search engine Bing.
  • At 12:30 UTC Canada will publish data on the number of people employed in the non-agricultural sector, as well as on the volume of investment in Canadian securities by foreigners and residents.
  • At 12:30 UTC an index of manufacturing activity from the Federal Reserve Bank of Philadelphia in May will be published, is expected to decline to 21.0. Yesterday, the US dollar reached a six-month high, strong US data and political uncertainty in Italy will support the growth of the dollar against the euro.
  • Oil prices are rising. According to the US Information Agency, crude oil reserves in the country fell significantly more than forecast and reached -1.404M (forecast: -0.763M).

Binary options market review, May, 16

May, 16
  • Japan’s GDP for the first quarter of 2018, according to the preliminary report, fell significantly stronger than the forecast, showing a decline in annual terms to -0.2%, quarterly to 0.0%.
  • At 09:00 UTC the updated data on inflation in the Eurozone will come out, according to forecasts, the consumer price index for April will remain at a low level of 1.2%. At 12:00 UTC ECB President Mario Draghi will start the speech.
  • At 12:30 UTC the data on the construction of new homes in the US, the number of issued construction permits and the volume of industrial production will be published.
  • At 12:30 UTC Canada will provide data on sales in the non-manufacturing sector of the country. The decrease is expected to reach 1.2%, last month data showed sales growth of 1.9%.
  • At 14:30 UTC the US Energy Information Agency will publish data on crude oil reserves, it is expected that inventories will be reduced to -0.763M. Lower inventories above the forecast will support high oil prices.

Binary options market review, May, 15

May, 15
  • Industrial production in China has grown above the forecast and reached an annualized rate of 7.0% with a forecast of 6.4%, the volume of investment on an annualized basis fell to 7.0% with a forecast of 7.4%.
  • The GDP growth of the largest economy of the Eurozone – Germany has slowed significantly, to 1.6% on annual basis, and to 0.3% on quarterly basis. At 09:00 UTC the preliminary report on GDP in the eurozone for the first quarter of 2018 will be published.
  • At 08:30 UTC the monthly employment report will be published in the UK, the average wage growth is forecasted to drop to 2.7%, the unemployment rate will remain at 4.2%. Strong data may affect the decision of the Bank of England to raise the interest rate.
  • At 12:00 UTC FOMC member Kaplan in his speech will present a vision of monetary policy, investors hope to find an answer to the question of further US interest rates raising, at 12:30 UTC US data on the volume of retail sales and manufacturing activity in New York will be published.
  • Oil prices stabilized after yesterday’s growth: OPEC in its monthly report announced that the balance in the oil market was achieved and reported the decline in inventories and the growth in demand for raw materials.

Binary options market review, May, 14

14 мая 2018
  • GBP/USD: the British pound continues to decline after the Bank of England left the interest rate unchanged and lowered the forecasts for economic growth.
  • EUR/USD: euro is more expensive against the US dollar: the pair retreated from the four-month lows after the release of weak inflation data in the USA.
  • BTC/USD: Bitcoin exchange rate reached $8,700 after tax collector in Florida Joel Greenberg has teamed up with BitPay to accept payments to in Bitcoin and Bitcoin Cash for a driver’s license, identity cards, property taxes.
  • Oil: prices for “black gold” continued to rise amid fears of a disruption in supplies due to sanctions that the US can place on Iran – one of the largest oil exporters.