By TradeRush.com Market
Analyst
Binary Options
Weekly Outlook May 7-11
U.S.
Shares Plunge on Weak Employment Data!
The leading shares and
bourses in the U.S. fell last week, as worsening labor markets show just how
dismal the economic situation in the U.S. and Europe currently is. The Dow
Jones tumbled 190.04 points, or 1.4%, to 13,038.27. The S&P shed 2.4% to
1,369.10. General Motors Co. slid 5% to $22.36. Apple Inc. and other leading
stocks also fell last week.
The Japanese Yen climbed
against all of its major peers on Friday in response to U.S. payrolls rising
less than forecast. This was also before elections in Europe, which could
radically change the political makeup of the Eurozone.
Commodities lost ground
during Friday’s session on rising risk appetite. The leading losers were Crude
Oil and Natural Gas.
Going short on the Dow
Jones, Crude Oil and EUR/USD binary options are the most popular trades for the
coming week.
This week’s main
events – Monday May 7 – Friday May 11:
Monday May 7:
- 07:15
GMT CHF m/m – The publication measures the
change in the price of goods and services at the retail level. This is
important, as consumer prices account for a majority of overall inflation.
The figure is expected to be 0.2%, which could certainly drive the Swiss
Franc lower during Monday’s trading session.
- 12:30
GMT CAD Building Permits m/m – This is the change in the
value of new building permits issued. The figure is expected to drop to
3.3% as opposed to the previous figure of 7.5%. This could lead to a
bearish Canadian Dollar this Monday.
Wednesday May 9:
- 23:50
GMT JPY Current Account – This is a highly important data
release from the Japanese economy that you will need to follow closely.
It measures the difference in value between imported and exported
goods, services, income flows and unilateral transfers during March.
Thursday May 10:
- GMT
AUD Unemployment Rate – The release is highly
important in connection to Australian economic health. The publication is
a measurement of the percentage of the total workforce that is unemployed
and actively seeking employment during April. The figure is set to
increase to 5.3%, reiterating that the Australian economy is weakening.
- 11:00
GMT GBP Official Bank Rate – The British interest rate is
expected to be kept unchanged at 0.5%. Make sure to follow this release
closely on Thursday.
- 12:30
GMT CAD Trade Balance – If you are someone who trades
the CAD, then pay close attention to this economic release. It is the
difference in value between imported and exported goods during March. The
result is forecasted to be 0.8B. This is set to lend a helping hand to the
Canadian Dollar this coming Thursday.
- 12:30
GMT USD Unemployment Claims – The figure is forecast to rise
to 372K, which is a strong signal that the U.S. is far from being in an
economic recovery. Therefore, the USD could slide later on this coming
week.
- 13:30
GMT USD Fed Chairman Bernanke
Speaks – Ben
Bernanke’s speeches always lead to high market volatility. He has more
power than anyone else with regards to the strength of the greenback. He
is expected to speak about the current state of the U.S. economy and
future monetary policy.
Friday May 11:
- 08:30
GMT GBP PPI Input m/m –
This is the change in price of goods and raw materials purchased by
manufacturers. The figure is set to decline by -0.8%. This is highly
likely to lead to a bearish GBP.
- 13:55
GMT USD Prelim UoM Consumer Sentiment –
Financial confidence is a leading indicator of consumer spending,
accounting for a majority of overall economic activity. A rise to the 76.5
level is expected during Friday’s trading session.
- Binary options
- one touch
- 60 Seconds
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1
Select an asset to trade.
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2
Click "CALL" if the price will rise above the current rate at the expiry, or click "PUT" if the price will fall below the current rate at the time the option expires.
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3
Enter the investment amount.
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4
Click "APPLY".
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1
OneTouch Options are preset 1-week options offering profits of up to 700%. The direction and goal is set.
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2
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3
Select number of units to investment.
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4
Click "APPLY".
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1
Sélectionnez l'élément d'actif que vous voulez commercer
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2
Select investment amount.
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3
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Click "CALL" if the price will rise above the current rate in 60 seconds, or click "PUT" if the price will fall below the current rate in 60 seconds. |
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4
Click "START".