Binary Options Weekly Outlook: August 25 – August 29
August 25, 2014 9:35 amVideo
Latest News
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August 25, 2014 – Weekly News
WEEKLY REPORT 25/08-29/08
EUR/USD
Last week the EUR/USD pair finally left the sideways movement and started to drop. First significant decrease we saw on Tuesday when the U.S. inflation and housing data came out above expectations and spurred the demand for Dollar. The pair broke through the 1.3300 level on Wednesday on strong positive speculation over the FOMC Meeting Minutes report and the last significant move we saw on Friday as Janet Yellen gave her hawkish talk in Jackson Hole. Despite the fact, she did not say anything new, she repeated the fact that Fed is prepared to increase the interest rates if the labour market data will be solid. The pair opened after the weekend with negative gap pushing the price below 1.3200 which means that within a week, the pair declined more about 200 pips! Mario Draghi who also gave a speech in Jackson Hole symposium, was more dovish and explained the drop in inflation due to Ukraine situation. This week will start with German Ifo Business Climate release which is expected to be the lowest in past 12 months. We should pay attention to the U.S. CB Consumer Confidence (on Tuesday), German CPI and U.S. GDP (on Thursday) and EU CPI (on Friday).
USD/JPY
The USD/JPY pair increased last week from 102.30 to 104.10. The rapid increase was caused mainly by strengthening U.S. Dollar which climbed to its new 12-month high and it is not far from exceeding it and get to 14-month high. Last week we did not see so much economic data coming from Japan. However, this week we should see more volatility there as the Japanese inflation data, Industrial Production and Retail Sales will be released on Wednesday. On the side of Dollar we should keep an eye on the U.S. CB Consumer Confidence and U.S. GDP.
GBP/USD
Last week the GBP/USD fell all the way to 1.6560 which is the lowest value since March. The pair has been decreasing for 7 weeks in a row as market seems to be disappointed by U.K. economic results which recently came out just below expectation. The pair might start the week will lower volatility as the U.K. market will remain closed due to public holiday. During the week we should pay attention more to the U.S. market as there are no important economic releases from U.K. market.
GOLD
The price of gold fell last week from $1,303/ounce to $1,273/ounce. The price declined on the back of good U.S. economic data which spurred the positive speculation over the earlier U.S. interest rate hike. We already heard FOMC members saying that if the labour market improves solidly, the Fed is prepared to increase the interest rates. This hawkish statement were repeated in the symposium in Jackson Hole where the Fed Chairman Janet Yellen had a speech. These news are cutting the profits of the safe-haven assets as investors are seeking more risky assets. This week we should mainly pay attention to the Tuesday’s CB Consumer Confidence index and Thursday’s GDP release.
Economics events (GMT time):
25/08/14
All Day
GBP
Bank Holiday
8:00am
EUR
German Ifo Business Climate
1:45pm
USD
Flash Services PMI
2:00pm
USD
New Home Sales
10:45pm
NZD
Trade Balance
26/08/14
8:30am
GBP
BBA Mortgage Approvals
12:30pm
USD
Core Durable Goods Orders m/m
12:30pm
USD
Durable Goods Orders m/m
1:00pm
USD
S&P/CS Composite-20 HPI y/y
2:00pm
USD
CB Consumer Confidence
27/08/14
1:30am
AUD
Construction Work Done q/q
6:00am
EUR
GfK German Consumer Climate
2:30pm
USD
Crude Oil Inventories
28/08/14
1:30am
AUD
Private Capital Expenditure q/q
All Day
EUR
German Prelim CPI m/m
7:15am
CHF
Employment Level
7:55am
EUR
German Unemployment Change
10:00am
GBP
CBI Realized Sales
12:30pm
CAD
Current Account
12:30pm
USD
Prelim GDP q/q
12:30pm
USD
Unemployment Claims
2:00pm
USD
Pending Home Sales m/m
2:30pm
USD
Natural Gas Storage
10:45pm
NZD
Building Consents m/m
11:30pm
JPY
Household Spending y/y
11:30pm
JPY
Tokyo Core CPI y/y
11:30pm
JPY
National Core CPI y/y
11:30pm
JPY
Unemployment Rate
11:50pm
JPY
Prelim Industrial Production m/m
11:50pm
JPY
Retail Sales y/y
29/08/14
1:00am
NZD
ANZ Business Confidence
1:30am
AUD
Private Sector Credit m/m
5:00am
JPY
Housing Starts y/y
6:00am
EUR
German Retail Sales m/m
7:00am
CHF
KOF Economic Barometer
Tentative
GBP
Prelim Business Investment q/q
9:00am
EUR
CPI Flash Estimate y/y
9:00am
EUR
Core CPI Flash Estimate y/y
9:00am
EUR
Unemployment Rate
12:30pm
CAD
GDP m/m
12:30pm
USD
Core PCE Price Index m/m
12:30pm
USD
Personal Spending m/m
12:30pm
USD
Personal Income m/m
1:45pm
USD
Chicago PMI
1:55pm
USD
Revised UoM Consumer Sentiment
1:55pm
USD
Revised UoM Inflation Expectations
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