The Week Ahead for Binary Options Traders: 18 Nov – 22 Nov 2013

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The Week Ahead for Binary Options Traders

The previous week saw stock markets around the world recording increases, while it was also a good week for the euro, against the dollar, and not a very good week for the GBP and the AUD, both of which fell against the USD. The week ahead once more holds many moments of expected high market volatility. As these moments are also likely to give rise to various opportunities for binary options traders, let us have a closer look at the events that will shape the trading week to come. Please note are all times cited are GMT.

Monday, 18th November 2013

Today’s highlight will be the announcement of the Eurozone Current Account and Trade Balance data at 10:00 by Eurostat, which will influence the faring of the EUR.
Another significant development, which will impact the CAD, is the Canadian Foreign Securities Purchases data that will come out at 13:30.
Finally, the most important event of the day affecting the USD, will be the TIC Net-Long Transactions figures, which will come out at 14:00.

Tuesday, 19th November 2013

Tuesday is of particular importance for the EUR as the Zentrum fur Europaische Wirtschaftsforschung (ZEW) will release at 10:00 its Economic Sentiment Index, concerning the Eurozone in general, as well as the index concerning the German economy in particular.
Over in the USA, at 13:30 we will see fresh data concerning the Employment Cost Index, while later on in the day we should listen carefully for any hints in the speeches given by Treasury Secretary Lew, as well as FOMC member Dudley, and perhaps Fed Chairman Bernanke, that might come as the day turns.
The day comes to a close in Japan at 23:50, when the Trade Balance figures will be announced and will be of particular importance for the trading of the JPY.

Wednesday, 20th November 2013

Wednesday is particularly busy in terms of announcements in the USA, however it sets off at 07:00 with German PPI data being released, while at 09:30, those interested in the GBP should look out for the MPC Meeting Minutes made public.
In Canada, we will have data on Wholesale Sales at 13:30, while in another development that might affect the CAD, the governor of the Bank of Canada Mr Poloz, will give a speech
As mentioned earlier, the important announcements of the day will be in the USA, including CPI and Retail Sales data at 13:30, as well as Existing Home Sales figures at 15:00, followed by speeches from FOMC members and the unveiling of the FOMC Meeting Minutes at 19:00.
The day closes with a series of economic indicators being publicized in Japan, the most noteworthy of which being the GDP data that will come out at 23:50.

Thursday, 21st November 2013

High market volatility is expected today as Thursday sets off with the announcement of the HSBC Manufacturing PMI in China at 01:45.
An exciting day ahead for the Euro, with a speech by Mario Draghi the ECB President at 10:00, along with Manufacturing and Services PMI data being released in France and Germany at 08:00 and 08:30 respectively, while the Europe wide data for the same indicators will come out at 09:00.
A highly volatile day in store for the GBP as well, due to the announcement of key data in the form of the CBI Instrustrial Orders Trends and the UK Public Sector Net Borrowing.
Finally, an exciting day for the USD, as we will have many economic indicators being announced at 13:30 including fresh data on the Continuing and Initial Jobless Claims, as well as PPI and Core PPI data. Moreover, the day also features the announcement of the Philadelphia Fed Manufacturing Index at 15:00.

Friday, 22nd November 2013

The day sets off in Japan at 05:00 with the announcement of the Bank of Japan monthly report, which will have an impact on the JPY.
The euro is expected to be influenced by a series of economic indicator announcements setting off with GDP data at 07:00 and other reports at 09:00, including the important Ifo Business Climate Index.
Lastly, watch out for CPI and Retail Sales data that will come out in Canada at 13:30 and impact the CAD.

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