Binary Options Weekly Outlook: February 17 – February 21
February 17, 2014 10:00 am
February 17, 2014 – Weekly News
WEEKLY REPORT 17/02-21/02
EUR/USD
Last week the EUR/USD pair moved sideways first two days between 1.3640 and 1.3680 however once on Wednesday Benoit Coeure (European Central Bank’s member) said that negative interest rates are seriously discussed the pair dropped to 1.3560. However, the sentiment changed almost immediately after and the pair climbed to 1.3710 by the end of the week. The weather in U.S. slowing down the economic recovery and the U.S. Dollar suffers. This week might start without any significant movement due to U.S. holidays and no economic events. On Tuesday we should pay attention to ZEW Economic Sentiment of German and EU. On Wednesday the FOMC Meeting Minutes are coming out. On Thursday the main events will be German Flash Manufacturing PMI and U.S. Core CPI plus probably the second part of testimony which was postponed due to snow storm. On Friday the EU Economic Forecast will be released.
USD/JPY
Last week the USD/JPY pair fell from 102.70 level to 101.70 in a downward channel. The Japanese Yen profited from poor performance of emerging markets and also from weaker U.S. Dollar which depreciated due to disappointing economic data. The new week started again with bearish movement down but as the Japanese GDP showed 0.3% increase of GDP instead of expected 0.7% the pair slightly rebounded. Very important event of this week will be the BoJ Monetary Policy Statement followed by Press Conference on Tuesday. The U.S. Meeting Minutes on Wednesday will be also important and should give us some trading opportunities.
GBP/USD
The GBP/USD pair finished last week on its highest price since November 2009. The week added last week surprising 400 pips when the pair increased from 1.6390 to 1.6800. The British Pound benefited from last Inflation Report and Carney’s Speaks. The U.K. economy is strong and the data are coming out usually better-than-expected which makes the currency attractive especially in times when the U.S. market suffers because of the weather. Traders are now afraid of slower pace of taper as the U.S. data are coming out under expectation. This week we should pay attention to U.K. CPI on Tuesday. The main events will be on Wednesday when the U.K. Claimant Count Change, MPC Official Bank Rate Votes and Unemployment Rate. The same day we should watch the FOMC minutes. On Friday the U.K. Retail Sales will be released.
GOLD
The price of Gold increased to its 3-months high from last Monday’s $1,264/ounce to last Friday’s $1,318/ounce. The price was spurred by bad economic data and rising fears over the future Fed tapering. As the market opened this week the price jumped to $1,329/ounce. The market will now closely look for the Wednesday’s MFOMC Policy Statement. Any dovish information might help the price of gold to climb more. However, if the data start to come better-than-expected and the fears will disappear, the price might fell back down.
Economics events (GMT time):
02/17/2014
UK
Rightmove House Prices MoM
02/17/2014
UK
Rightmove House Prices YoY
02/17/2014
Australia
New Motor Vehicle Sales MoM
02/17/2014
Australia
New Motor Vehicle Sales YoY
02/17/2014
Japan
Industrial Production MoM
02/17/2014
Japan
Industrial Production YoY
02/17/2014
Japan
Capacity Utilization MoM
02/17/2014
EU
Bloomberg Feb. Eurozone Economic Survey
02/17/2014
German
Bloomberg Feb. Germany Economic Survey
02/17/2014
Switzerland
Foreign Direct Investment YoY
02/18/2014
Australia
RBA Release Minutes of February Meeting
02/18/2014
Japan
Machine Tool Orders YoY
02/18/2014
EU
EU27 New Car Registrations
02/18/2014
UK
Bloomberg Feb. United Kingdom Economic Survey
02/18/2014
EU
ECB Current Account SA
02/18/2014
EU
Current Account NSA
02/18/2014
UK
CPI MoM
02/18/2014
UK
CPI YoY
02/18/2014
UK
CPI Core YoY
02/18/2014
UK
Retail Price Index
02/18/2014
UK
RPI MoM
02/18/2014
UK
RPI YoY
02/18/2014
UK
RPI Ex Mort Int.Payments (YoY)
02/18/2014
UK
PPI Input NSA MoM
02/18/2014
UK
PPI Input NSA YoY
02/18/2014
UK
PPI Output NSA MoM
02/18/2014
UK
PPI Output NSA YoY
02/18/2014
UK
PPI Output Core NSA MoM
02/18/2014
UK
PPI Output Core NSA YoY
02/18/2014
UK
ONS House Price YoY
02/18/2014
German
ZEW Survey Current Situation
02/18/2014
German
ZEW Survey Expectations
02/18/2014
EU
ZEW Survey Expectations
02/18/2014
Canada
Int’l Securities Transactions
02/18/2014
US
Empire Manufacturing
02/18/2014
US
Revisions of Consumer Price Index
02/18/2014
US
Net Long-term TIC Flows
02/18/2014
US
Total Net TIC Flows
02/18/2014
Canada
Bloomberg Nanos Confidence
02/18/2014
US
NAHB Housing Market Index
02/18/2014
Australia
Conf. Board Leading Index MoM
02/18/2014
Japan
BOJ 2014 Monetary Base Target
02/18/2014
Japan
Bank of Japan Monetary Policy Statement
02/19/2014
Australia
Skilled Vacancies MoM
02/19/2014
Australia
Bloomberg Feb. Australia Economic Survey
02/19/2014
Australia
Wage Cost Index QoQ
02/19/2014
Australia
Wage Cost Index YoY
02/19/2014
Switzerland
MNI February Business Indicator
02/19/2014
Japan
All Industry Activity Index MoM
02/19/2014
Japan
Leading Index CI
02/19/2014
Japan
Coincident Index
02/19/2014
Japan
Bank of Japan’s Monthly Economic Report for February
02/19/2014
Japan
Nationwide Dept Sales YoY
02/19/2014
Japan
Tokyo Dept Store Sales YoY
02/19/2014
UK
Bank of England Releases Minutes from Feb 5-6 Meeting
02/19/2014
UK
Claimant Count Rate
02/19/2014
UK
Jobless Claims Change
02/19/2014
UK
Average Weekly Earnings 3M/YoY
02/19/2014
UK
Weekly Earnings ex Bonus 3M/YoY
02/19/2014
UK
ILO Unemployment Rate 3Mths
02/19/2014
UK
Employment Change 3M/3M
02/19/2014
EU
Construction Output MoM
02/19/2014
EU
Construction Output YoY
02/19/2014
US
MBA Mortgage Applications
02/19/2014
Canada
Wholesale Trade Sales MoM
02/19/2014
US
BLS Releases New PPI — Final Demand-Intermediate Demand
02/19/2014
US
PPI Final Demand MoM
02/19/2014
US
PPI Ex Food and Energy MoM
02/19/2014
US
PPI Final Demand YoY
02/19/2014
US
PPI Ex Food and Energy YoY
02/19/2014
US
Housing Starts
02/19/2014
US
Housing Starts MoM
02/19/2014
US
Building Permits
02/19/2014
US
Building Permits MoM
02/19/2014
US
Fed Releases Minutes from Jan 28-29 FOMC Meeting
02/19/2014
Japan
Trade Balance
02/19/2014
Japan
Trade Balance Adjusted
02/19/2014
Japan
Exports YoY
02/19/2014
Japan
Imports YoY
02/19/2014
Japan
Japan Buying Foreign Bonds
02/19/2014
Japan
Japan Buying Foreign Stocks
02/19/2014
Japan
Foreign Buying Japan Bonds
02/19/2014
Japan
Foreign Buying Japan Stocks
02/19/2014
Japan
Cabinet Office Monthly Economic Report for February
02/20/2014
Australia
RBA FX Transactions Market
02/20/2014
Australia
RBA FX Transactions Government
02/20/2014
Australia
RBA FX Transactions Other
02/20/2014
Switzerland
HSBC/Markit Flash Mfg PMI
02/20/2014
Switzerland
Bloomberg Feb. China Economic Survey
02/20/2014
Japan
Supermarket Sales YoY
02/20/2014
Japan
Convenience Store Sales YoY
02/20/2014
German
PPI MoM
02/20/2014
German
PPI YoY
02/20/2014
German
PMI Manufacturing
02/20/2014
German
PMI Services
02/20/2014
EU
PMI Manufacturing
02/20/2014
EU
PMI Services
02/20/2014
EU
PMI Composite
02/20/2014
UK
CBI Trends Total Orders
02/20/2014
UK
CBI Trends Selling Prices
02/20/2014
US
CPI MoM
02/20/2014
US
CPI Ex Food and Energy MoM
02/20/2014
US
CPI YoY
02/20/2014
US
CPI Ex Food and Energy YoY
02/20/2014
US
CPI Core Index SA
02/20/2014
US
CPI Index NSA
02/20/2014
US
Initial Jobless Claims
02/20/2014
US
Continuing Claims
02/20/2014
US
Markit US PMI Preliminary
02/20/2014
US
Bloomberg Economic Expectations
02/20/2014
US
Bloomberg Consumer Comfort
02/20/2014
US
Philadelphia Fed Business Outlook
02/20/2014
US
Mortgage Delinquencies
02/20/2014
US
MBA Mortgage Foreclosures
02/20/2014
EU
Consumer Confidence
02/20/2014
US
Leading Index
02/21/2014
German
Finance Ministry Presents Monthly Report for February
February 17, 2014 – Weekly News
WEEKLY REPORT 17/02-21/02
EUR/USD
Last week the EUR/USD pair moved sideways first two days between 1.3640 and 1.3680 however once on Wednesday Benoit Coeure (European Central Bank’s member) said that negative interest rates are seriously discussed the pair dropped to 1.3560. However, the sentiment changed almost immediately after and the pair climbed to 1.3710 by the end of the week. The weather in U.S. slowing down the economic recovery and the U.S. Dollar suffers. This week might start without any significant movement due to U.S. holidays and no economic events. On Tuesday we should pay attention to ZEW Economic Sentiment of German and EU. On Wednesday the FOMC Meeting Minutes are coming out. On Thursday the main events will be German Flash Manufacturing PMI and U.S. Core CPI plus probably the second part of testimony which was postponed due to snow storm. On Friday the EU Economic Forecast will be released.
USD/JPY
Last week the USD/JPY pair fell from 102.70 level to 101.70 in a downward channel. The Japanese Yen profited from poor performance of emerging markets and also from weaker U.S. Dollar which depreciated due to disappointing economic data. The new week started again with bearish movement down but as the Japanese GDP showed 0.3% increase of GDP instead of expected 0.7% the pair slightly rebounded. Very important event of this week will be the BoJ Monetary Policy Statement followed by Press Conference on Tuesday. The U.S. Meeting Minutes on Wednesday will be also important and should give us some trading opportunities.
GBP/USD
The GBP/USD pair finished last week on its highest price since November 2009. The week added last week surprising 400 pips when the pair increased from 1.6390 to 1.6800. The British Pound benefited from last Inflation Report and Carney’s Speaks. The U.K. economy is strong and the data are coming out usually better-than-expected which makes the currency attractive especially in times when the U.S. market suffers because of the weather. Traders are now afraid of slower pace of taper as the U.S. data are coming out under expectation. This week we should pay attention to U.K. CPI on Tuesday. The main events will be on Wednesday when the U.K. Claimant Count Change, MPC Official Bank Rate Votes and Unemployment Rate. The same day we should watch the FOMC minutes. On Friday the U.K. Retail Sales will be released.
GOLD
The price of Gold increased to its 3-months high from last Monday’s $1,264/ounce to last Friday’s $1,318/ounce. The price was spurred by bad economic data and rising fears over the future Fed tapering. As the market opened this week the price jumped to $1,329/ounce. The market will now closely look for the Wednesday’s MFOMC Policy Statement. Any dovish information might help the price of gold to climb more. However, if the data start to come better-than-expected and the fears will disappear, the price might fell back down.
Economics events (GMT time):
02/17/2014
UK
Rightmove House Prices MoM
02/17/2014
UK
Rightmove House Prices YoY
02/17/2014
Australia
New Motor Vehicle Sales MoM
02/17/2014
Australia
New Motor Vehicle Sales YoY
02/17/2014
Japan
Industrial Production MoM
02/17/2014
Japan
Industrial Production YoY
02/17/2014
Japan
Capacity Utilization MoM
02/17/2014
EU
Bloomberg Feb. Eurozone Economic Survey
02/17/2014
German
Bloomberg Feb. Germany Economic Survey
02/17/2014
Switzerland
Foreign Direct Investment YoY
02/18/2014
Australia
RBA Release Minutes of February Meeting
02/18/2014
Japan
Machine Tool Orders YoY
02/18/2014
EU
EU27 New Car Registrations
02/18/2014
UK
Bloomberg Feb. United Kingdom Economic Survey
02/18/2014
EU
ECB Current Account SA
02/18/2014
EU
Current Account NSA
02/18/2014
UK
CPI MoM
02/18/2014
UK
CPI YoY
02/18/2014
UK
CPI Core YoY
02/18/2014
UK
Retail Price Index
02/18/2014
UK
RPI MoM
02/18/2014
UK
RPI YoY
02/18/2014
UK
RPI Ex Mort Int.Payments (YoY)
02/18/2014
UK
PPI Input NSA MoM
02/18/2014
UK
PPI Input NSA YoY
02/18/2014
UK
PPI Output NSA MoM
02/18/2014
UK
PPI Output NSA YoY
02/18/2014
UK
PPI Output Core NSA MoM
02/18/2014
UK
PPI Output Core NSA YoY
02/18/2014
UK
ONS House Price YoY
02/18/2014
German
ZEW Survey Current Situation
02/18/2014
German
ZEW Survey Expectations
02/18/2014
EU
ZEW Survey Expectations
02/18/2014
Canada
Int’l Securities Transactions
02/18/2014
US
Empire Manufacturing
02/18/2014
US
Revisions of Consumer Price Index
02/18/2014
US
Net Long-term TIC Flows
02/18/2014
US
Total Net TIC Flows
02/18/2014
Canada
Bloomberg Nanos Confidence
02/18/2014
US
NAHB Housing Market Index
02/18/2014
Australia
Conf. Board Leading Index MoM
02/18/2014
Japan
BOJ 2014 Monetary Base Target
02/18/2014
Japan
Bank of Japan Monetary Policy Statement
02/19/2014
Australia
Skilled Vacancies MoM
02/19/2014
Australia
Bloomberg Feb. Australia Economic Survey
02/19/2014
Australia
Wage Cost Index QoQ
02/19/2014
Australia
Wage Cost Index YoY
02/19/2014
Switzerland
MNI February Business Indicator
02/19/2014
Japan
All Industry Activity Index MoM
02/19/2014
Japan
Leading Index CI
02/19/2014
Japan
Coincident Index
02/19/2014
Japan
Bank of Japan’s Monthly Economic Report for February
02/19/2014
Japan
Nationwide Dept Sales YoY
02/19/2014
Japan
Tokyo Dept Store Sales YoY
02/19/2014
UK
Bank of England Releases Minutes from Feb 5-6 Meeting
02/19/2014
UK
Claimant Count Rate
02/19/2014
UK
Jobless Claims Change
02/19/2014
UK
Average Weekly Earnings 3M/YoY
02/19/2014
UK
Weekly Earnings ex Bonus 3M/YoY
02/19/2014
UK
ILO Unemployment Rate 3Mths
02/19/2014
UK
Employment Change 3M/3M
02/19/2014
EU
Construction Output MoM
02/19/2014
EU
Construction Output YoY
02/19/2014
US
MBA Mortgage Applications
02/19/2014
Canada
Wholesale Trade Sales MoM
02/19/2014
US
BLS Releases New PPI — Final Demand-Intermediate Demand
02/19/2014
US
PPI Final Demand MoM
02/19/2014
US
PPI Ex Food and Energy MoM
02/19/2014
US
PPI Final Demand YoY
02/19/2014
US
PPI Ex Food and Energy YoY
02/19/2014
US
Housing Starts
02/19/2014
US
Housing Starts MoM
02/19/2014
US
Building Permits
02/19/2014
US
Building Permits MoM
02/19/2014
US
Fed Releases Minutes from Jan 28-29 FOMC Meeting
02/19/2014
Japan
Trade Balance
02/19/2014
Japan
Trade Balance Adjusted
02/19/2014
Japan
Exports YoY
02/19/2014
Japan
Imports YoY
02/19/2014
Japan
Japan Buying Foreign Bonds
02/19/2014
Japan
Japan Buying Foreign Stocks
02/19/2014
Japan
Foreign Buying Japan Bonds
02/19/2014
Japan
Foreign Buying Japan Stocks
02/19/2014
Japan
Cabinet Office Monthly Economic Report for February
02/20/2014
Australia
RBA FX Transactions Market
02/20/2014
Australia
RBA FX Transactions Government
02/20/2014
Australia
RBA FX Transactions Other
02/20/2014
Switzerland
HSBC/Markit Flash Mfg PMI
02/20/2014
Switzerland
Bloomberg Feb. China Economic Survey
02/20/2014
Japan
Supermarket Sales YoY
02/20/2014
Japan
Convenience Store Sales YoY
02/20/2014
German
PPI MoM
02/20/2014
German
PPI YoY
02/20/2014
German
PMI Manufacturing
02/20/2014
German
PMI Services
02/20/2014
EU
PMI Manufacturing
02/20/2014
EU
PMI Services
02/20/2014
EU
PMI Composite
02/20/2014
UK
CBI Trends Total Orders
02/20/2014
UK
CBI Trends Selling Prices
02/20/2014
US
CPI MoM
02/20/2014
US
CPI Ex Food and Energy MoM
02/20/2014
US
CPI YoY
02/20/2014
US
CPI Ex Food and Energy YoY
02/20/2014
US
CPI Core Index SA
02/20/2014
US
CPI Index NSA
02/20/2014
US
Initial Jobless Claims
02/20/2014
US
Continuing Claims
02/20/2014
US
Markit US PMI Preliminary
02/20/2014
US
Bloomberg Economic Expectations
02/20/2014
US
Bloomberg Consumer Comfort
02/20/2014
US
Philadelphia Fed Business Outlook
02/20/2014
US
Mortgage Delinquencies
02/20/2014
US
MBA Mortgage Foreclosures
02/20/2014
EU
Consumer Confidence
02/20/2014
US
Leading Index
02/21/2014
German
Finance Ministry Presents Monthly Report for February
02/21/2014
UK
Retail Sales Ex Auto MoM
02/21/2014
UK
Retail Sales Ex Auto YoY
02/21/2014
UK
Retail Sales Incl. Auto MoM
02/21/2014
UK
Retail Sales Incl. Auto YoY
02/21/2014
UK
Public Finances (PSNCR)
02/21/2014
UK
PSNB ex Interventions
02/21/2014
UK
Public Sector Net Borrowing
02/21/2014
Canada
Retail Sales MoM
02/21/2014
Canada
Retail Sales Ex Auto MoM
02/21/2014
Canada
CPI NSA MoM
02/21/2014
Canada
CPI YoY
02/21/2014
Canada
CPI Core MoM
02/21/2014
Canada
CPI Core YoY
02/21/2014
Canada
CPI SA MoM
02/21/2014
Canada
CPI Core SA MoM
02/21/2014
Canada
Consumer Price Index
02/21/2014
US
Existing Home Sales Revisions
02/21/2014
US
Existing Home Sales
02/21/2014
US
Existing Home Sales MoM
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