Binary Options Weekly Outlook: September 8 – September 12
September 8, 2014 11:40 amVideo
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September 8, 2014 – Weekly News
WEEKLY REPORT 08/09-12/09
EUR/USD
Last week the EUR/USD pair rapidly decrease and dip to new 1-year lows. The pair declined as low as 1.2920 due to surprising act from European Central Bank. As we wrote previously most of the analyst expected Mario Draghi to increase monetary stimulus to prevent from low inflation and spur the economic growth, however nobody expected the ECB to cut the already very low interest rates. The pair then ranged low before the U.S labor data which came out worse-than-expected but the price remained below 1.3000. This week will be more quiet on the economic data. On Thursday we should pay attention to the ECB Monthly Bulletin and on Friday to the U.S. Retail Sales data.
GBP/USD
Last week the GBP/USD erased more than 300 pips when decreased from 1.6630 to 1.6280. The British pound was influenced by the European Central bank decision but more the pound was influenced by fears over upcoming referendum. On September 18th we will see if Scotland will get its independency or not. First time in modern history, it seems very likely that they might split from U.K. which. On the back of these speculations, the GBP/USD will drop more. Now the pair is traded 1.6180. This week we will have some important releases (e.g. U.K Manufacturing Production on Tuesday and Inflation hearing on Wednesday) but the pair will be under pressure even if the data comes above expectation.
GOLD
The price of gold started last week on $1,287.5/ounce and fell by Thursday to 1,257/ounce. The yellow metal lost the safe-haven demand as Russia and Ukraine agreed on ceasefire. Together with better outlook of U.S. economy the price immediately declined. However, on Friday the price slightly recovered after the U.S. Non-farm payrolls showed very disappointing number. This week we should keep an eye on the geopolitical tension and in the end of the week we should pay attention to the U.S. Retail Sales data.
Economics events (GMT time):
7/9/2014
All Day
CNY
1:30am
AUD
2:01am
CNY
6:00am
EUR
7:00am
GBP
7:15am
CHF
7:15am
CHF
12:30pm
CAD
12:45pm
USD
11:50pm
JPY
11:50pm
JPY
11:50pm
JPY
8/9/2014
1:30am
AUD
1:30am
AUD
8:30am
GBP
8:30am
GBP
12:15pm
CAD
2:00pm
GBP
2:00pm
USD
2:00pm
USD
11:50pm
JPY
9/9/2014
12:30am
AUD
5:30am
EUR
6:45am
EUR
12:30pm
CAD
1:45pm
GBP
2:00pm
USD
2:30pm
USD
9:00pm
NZD
9:00pm
NZD
9:00pm
NZD
9:00pm
NZD
11:01pm
GBP
11:50pm
JPY
11/9/2014
1:00am
AUD
1:30am
AUD
1:30am
AUD
1:30am
CNY
1:30am
CNY
6:00am
EUR
6:45am
EUR
8:00am
EUR
12:30pm
USD
2:30pm
USD
6:00pm
USD
10:30pm
NZD
12/9/2014
4:30am
JPY
6:05am
JPY
8:00am
EUR
8:30am
GBP
9:00am
EUR
9:00am
EUR
9:00am
GBP
All Day
EUR
12:30pm
USD
12:30pm
USD
12:30pm
USD
1:55pm
USD
1:55pm
USD
2:00pm
USD
13/09/2014
5:30am
CNY
5:30am
CNY
5:30am
CNY
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