The Week Ahead for Binary Options Traders 27 – 31 October 2014

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The Week Ahead for Binary Options Traders

Last week was one of the most volatile for markets since a long time and this meant that both forex as well as binary options traders must have found numerous investing and profit making opportunities. This week starts off on the aftermath of the ECB’s announcement of the results for the stress tests carried out for EU banks, but it is also expected to continue last week’s trend and include some noteworthy announcements as well as market moving events that will allow interesting investing action. Let us have a closer look:

Monday, 27th October

The highest volatility today is expected at 09:00 when in Germany, the Ifo Institute for Economic Research will announce the German Business Climate Index and its other sub-indexes. Will all eyes already on the Eurozone this result will be significant for the trading of the EUR. Moving on in the day, the National Association of Realtors (NAR) Pending Home Sales Report to be announced in the USA at 14:00, will impact the USD, while at 23:50 turn to Japan for the announcement of year on year Retail Sales data for September.

Tuesday, 28th October

Tuesday is mostly dominated by announcements to be made in the USA, between 12:30 noon and 14:00, with a series of indicators being revealed, including the Conference Board (CB) Consumer Confidence indicator as well as Core Durable Goods Orders figures, which are a good indicator of manufacturing activity. An interesting event will also come from Japan at 23:50 through the announcement of Industrial Production data for the month of September.

Wednesday, 29nd October

After a relatively slow start the day’s highlight comes from the USA at 18:00, when the Federal Reserve’s Federal Open Market Committee (FOMC) statement will be out, containing the outcome of the vote on interest rates, discussing the current economic outlook and offering clues on the outcome of future votes. At 20:00 also check out the interest rate decision to be announced in New Zealand by the country’s Reserve Bank.

Thursday, 30th October

An action packed day begins early at 07:00 when we will have in the UK the announcement of the Nationwide Housing Price Index (HPI), a solid indicator of housing inflation in the UK. At 08:00 GDP data for Spain will be released and soon after at 08:55 another announcement that will affect the EUR will come from Germany with the release of much anticipated unemployment data, as well as the country’s CPI figures at 13:00. Regarding announcements that will impact on the trading of the USD and its pairings at 12:30 we will have the announcement of GDP figures in the US, followed by new numbers for the Initial Jobless Claims as well as a speech by head of the Fed, Yellen at 13:00.

Friday, 31st October

Although some interesting announcement will come from across the Atlantic after noon, starting with Canada’s GDP data on 12:30 and continuing with the Employment Cost Index and Personal Spending data being announced in the USA, followed by a rate decision in Mexico at 15:00, the day’s most important news and events will come from the Eurozone are expected to affect the trading of the EUR. More specifically, at 07:00 we will have the announcement of German Retail Sales data, followed by French consumer spending figures at 07:45. Even more news will come at 10:00 when Italy will announce its CPI data, while at the same time, Eurostat will be also announcing CPI figures for across the Eurozone, as well as the much anticipated unemployment data for the Eurozone area, which will be very indicative of the current economic outlook.

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