The Week Ahead for Binary Options Traders 22 – 26 June 2015


Our weekly focus on what shall trend this week has been brought to you. Many economic releases expected this week, will highly influence the charts causing much incidence. The NFP is left long behind and the Fed still looks reluctant to rise the interest rates in the U.S. which has been keeping the market quite volatile. This week, the whole focus is on Greece as the deadline for debt payment will be over as June ends.

Currently Greece is a looking at a direct threat of a possible default which ultimately will mean stepping out of the Eurozone. The issue is becoming quite hectic as the Greek ministers gather to look for solutions. On Monday this week, Greece met with its creditors with a refined list of reform proposals, including a revised budget, so as to avert default and unlock further aid. Time is running out and Greece has been given 48 hours. Elsewhere, the markets see quite some volatility, with Chinese manufacturing data reading looking ok, but is seen picking up at a slow pace. Since November 2014, the Chinese Central Bank has cut interest rates three times and a monetary easing by the Bank seems to be helping the second largest economy of the world. However, despite a pressurizing Greece trouble, the Eurozone is trying to pick up with some positive economic data.

Today's Hot AssetOur experts is set to continue delivering the week ahead Market Forecast and predictions for you to help you trading on binary options and forex market. To start trading you just need to open account with a trusted broker. To take advantage of our this month exclusive bonus, simply open an account on Binary Book (by clicking the link) and our bonus offer will be automatically acquired..


Monday, 22nd June

Plenty of economic data is due for release this week, and as the first day entered, investors geared up for the monthly report from the Bank of Japan and a possible meeting of the Eurogroup. Greece was granted 48 hours in order to strike a deal with its creditors as negotiations seemed to be working. The news bolstered the indices market and helped the Wall Street amass gains with the S&P 500 and the Dow Jones climbing higher. By the side of United-States, the bullish existing home sales data helped the dollar to go higher on the charts and other major currencies shed some gains. The dollar was quite high and both the Euro and the British Pound were down. However, though the Euro was dragged down with Greece over weighing woes, the consumer confidence was seen to stabilize in June.

Tuesday, 23rd June

Plenty of economic releases are set to release on Tuesday which is sure to trigger further changes on the charts. The Chinese HSBC manufacturing sector was seen stabilizing after it jumped around 0.4 percent from the previous reading of 49.2. However, the manufacturing sector is slightly recovering which has not helped oil prices. Crude oil prices were seen stable in the morning and achieved modest gains. Furthermore the services PMI and the German manufacturing PMI in the Eurozone were quite bullish but has not been able to boost the Euro as it lost around 1 percent against the greenback. To the surprise of many investors, the Euro trends on the opposite direction despite a surge of 0.8 percent for Germany’s manufacturing PMI and a gain of 0.6 percent in the services PMI. Elsewhere, the core durable goods orders rose by 0.2 percent suggesting a modest recuperation for the USD. The new home sales data are yet expected for the U.S.

Wednesday, 24th June

Not much shall be buzzing on Wednesday since only two economic releases will carry quite some importance. The Eurozone awaits the German Ifo Business Climate index data (08:00 GMT) which is expected to be quite bullish since the report will contain information about the current business situation in the country and give indications about the economy’s health for the next six months. Germany being the most performing economy of the Eurozone, the data is expected to be bullish. On the other side, the U.S. quarterly GDP data (12:30 GMT) will be made available and since the dollar has recuperated some gains, it is expected to rise more. The EURUSD, USDJPY and GBPUSD pairs are expected to be affected after the release.

Thursday, 25th June

The day remains quite low on fundamentals and both economic releases on this day will pertain to the United-States. The Initial Jobless claims (12:30 GMT) and Services PMI (13:45 GMT) will release and both data might help the dollar to climb higher. The Services PMI released by Markit Economics contain surveys on the business and services sector of the United-States. A reading above 50 will indicate bullishness for the Economy while on the other hand the initial jobless claims will give an overview on the number of people who have filed for an unemployment insurance, but since this market varies from week to week, the readings can affect the charts in a volatile way.

Friday, 26th June

On Friday, the speech of the governor of the Bank of England, Carney, is awaited (15:15 GMT) and his speech will determine the future monetary policies for the country to adopt. The British Pound is trending on a bullish note against the dollar for the moment and unless the dollar gains more strength, the GBPUSD shall be bullish. The speech of Carney might also give clues on how to tackle the Greece’s default if ever no solution is found between Greece and its creditors. Therefore the market reserves quite some surprises, so trading shall be done safely.


For current market updates and signals, sign on to binarybook’s services


Disclaimer: The information in Market analysis for the Week Ahead for Binary Options Traders 15 – 19 June 2015 should serve for informative purposes only. Binary Options Wire shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of forex pairs, commodities, stocks or indices.