Binary Options Weekly Outlook: September 8 – September 12

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 18^th 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	Bank Holiday
	1:30am	AUD	ANZ Job Advertisements m/m
	2:01am	CNY	Trade Balance
	6:00am	EUR	German Trade Balance
	7:00am	GBP	Halifax HPI m/m
	7:15am	CHF	CPI m/m
	7:15am	CHF	Retail Sales y/y
	12:30pm	CAD	Building Permits m/m
	12:45pm	USD	Treasury Sec Lew Speaks
	11:50pm	JPY	Monetary Policy Meeting Minutes
	11:50pm	JPY	Tertiary Industry Activity m/m
	11:50pm	JPY	M2 Money Stock y/y
8/9/2014	1:30am	AUD	NAB Business Confidence
	1:30am	AUD	Home Loans m/m
	8:30am	GBP	BOE Gov Carney Speaks
	8:30am	GBP	Manufacturing Production m/m
	12:15pm	CAD	Housing Starts
	2:00pm	GBP	NIESR GDP Estimate
	2:00pm	USD	JOLTS Job Openings
	2:00pm	USD	FOMC Member Tarullo Speaks
	11:50pm	JPY	Core Machinery Orders m/m
9/9/2014	12:30am	AUD	Westpac Consumer Sentiment
	5:30am	EUR	French Final Non-Farm Payrolls q/q
	6:45am	EUR	French Industrial Production m/m
	12:30pm	CAD	Capacity Utilization Rate
	1:45pm	GBP	Inflation Report Hearings
	2:00pm	USD	Wholesale Inventories m/m
	2:30pm	USD	Crude Oil Inventories
	9:00pm	NZD	Official Cash Rate
	9:00pm	NZD	RBNZ Monetary Policy Statement
	9:00pm	NZD	RBNZ Press Conference
	9:00pm	NZD	RBNZ Rate Statement
	11:01pm	GBP	RICS House Price Balance
	11:50pm	JPY	BSI Manufacturing Index
11/9/2014	1:00am	AUD	MI Inflation Expectations
	1:30am	AUD	Employment Change
	1:30am	AUD	Unemployment Rate
	1:30am	CNY	CPI y/y
	1:30am	CNY	PPI y/y
	6:00am	EUR	German Final CPI m/m
	6:45am	EUR	French CPI m/m
	8:00am	EUR	ECB Monthly Bulletin
	12:30pm	USD	Unemployment Claims
	2:30pm	USD	Natural Gas Storage
	6:00pm	USD	Federal Budget Balance
	10:30pm	NZD	Business NZ Manufacturing Index
12/9/2014	4:30am	JPY	Revised Industrial Production m/m
	6:05am	JPY	BOJ Gov Kuroda Speaks
	8:00am	EUR	Italian Industrial Production m/m
	8:30am	GBP	Construction Output m/m
	9:00am	EUR	Industrial Production m/m
	9:00am	EUR	Employment Change q/q
	9:00am	GBP	CB Leading Index m/m
	All Day	EUR	ECOFIN Meetings
	12:30pm	USD	Core Retail Sales m/m
	12:30pm	USD	Retail Sales m/m
	12:30pm	USD	Import Prices m/m
	1:55pm	USD	Prelim UoM Consumer Sentiment
	1:55pm	USD	Prelim UoM Inflation Expectations
	2:00pm	USD	Business Inventories m/m
13/09/2014	5:30am	CNY	Industrial Production y/y
	5:30am	CNY	Fixed Asset Investment ytd/y
	5:30am	CNY	Retail Sales y/y

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