The Week Ahead for Binary Options Traders 29 September – 3 October 2014

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The Week Ahead for Binary Options Traders

The coming week looks fairly busy in terms of economic data announcements that will affect the markets, especially for specific assets, thus creating numerous opportunities for online retail traders. Let us have a look at the most significant events to watch out for before placing your next successful trade that will end in the money:

Monday, 29th September 2014

On Monday, 29th September 2014 the first event to watch out for comes 12:30 GMT when the data for the US Core Personal Consumption Expenditure for August will be release, and as anticipated it will have an impact on the trading of the USD. In view of the mixed results of various economic indicators from the US last week and the blurred picture created by them, it will be interesting to see what this figure will be and compare it to its previous height of 1,5%. The second important figure to be announced on Monday comes from Japan at 23:30, where the Unemployment Rate data for August will be released. its high-impact Unemployment Rate data for August at 23:30, Previously reported at 3.8%, the new level of this figure is expected to have a high impact on the trading of the yen and beyond.

Tuesday, 30th September 2014

On Tuesday 30 September the important trading events start early at 07:30 GMT when the EU’s largest economy, Germany, will announce its Unemployment Change as well as its Unemployment Rate for September, two figures which are expected to have an impact on the trading of the EUR.  At 08:30 GMT eyes will shift on the UK where Britain’s second-quarter GDP will be announced and is expected to impact the trading of the Pound Sterling. Half an hour later, at 09:00 GMT the Eurozone’s Consumer Price Index for September will be made public, while at 14:00 GMT the trading of the USD is expected to be influenced by the announcement of the US Consumer Confidence for September.

Wednesday, 1st October 2014

Midweek and first day of the new month comes on Wednesday October 1st, and it is a day where potential action is expected for the EUR-USD currency pair.  This is because at 09:00 GMT the Eurozone will report its GDP data for the second quarter of 2014, which was previously at 0.7 %. The second important announcement of the day comes from across the Atlantic at 14:00 GMT, when the US authorities will release the ISM Manufacturing data for September.

Thursday, 2nd October 2014

On Thursday October 2nd all attention shifts back to Europe and more specifically the Eurozone and the Euro, since the European Central Bank will be announcing its Interest Rate decision. In view of recent decisions by the ECB, the markets wonder whether it is possible for the ECB to lower its rates even further, which does not look very likely although the ECB Chief appears to be determined to assume a more interventionist stance towards the markets. The interest rate decision will be followed by the usual press conference by the ECB at 12:30 GMT, where the statements made could also be indicative about the present and future performance of the Euro.

Friday, 3rd October 2014

The last day of the week, Friday October 3rd is relatively quiet, with the day’s only significant announcement, which is expected to impact both the USD as well as the trading price of Gold, coming from the announcement of the US Non-Farm Payroll results for September at 12:30 GMT, a figure which is expected to rise to 203000 from its previously announced level of 142000.

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