AUS/NZD Opportunities – Banc De Binary Ahead of the Week Report 09/6 | News Canada Binary

AUS/NZD Opportunities – Banc De Binary Ahead of the Week Report 09/6 | News Canada Binary.

AUS/NZD Opportunities – Banc DeBinary Ahead of the Week Report 09/6

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The Future is Binary  – Starting with Monday the 9th June. We commence the week in Canada with the release of the latest Housing Starts for May. Canadian housing starts rebounded faster than economists forecast in April which was likely explained as a result of the severe winter weather. Despite the bounce-back, analysts expect sales and new construction to level off in 2014 and 2015 as mortgage rates rise and prices continue to tick slowly higher. If this sentiment is reflected in this month’s figures, it could impact on the Canadian dollar prompting Banc De Binary analysts to look at CALL opportunities on the USD/CAD.

On to Wednesday and it’s over to New Zealand for the Official Cash Rate. Last month, the Reserve Bank of New Zealand raised the OCR from 2.75% to 3.00% after stipulating that higher rates were needed, with the economy racing ahead on strong commodity prices. The New Zealand dollar fell to 3 month lows as investors pared back their expectations for the pace of interest rate increases. A further increase in the official cash rate of a quarter point may be announced at its June 12 meeting, so Banc De Binary analysts will be looking for trading opportunities on the NZD/USD and AUD/NZD pairs.

On Thursday, we cross over to Australia for Unemployment Rate data. Australia’s unemployment rate remains steady at 5.8 per cent and although a jobless rate of 6.25 per cent is forecast for the coming two years, jobs growth has recently outpaced expectations, so traders may wish to look out for trading opportunities on the Australian currency pairs. We also await U.S. Unemployment Claims which showed an increase in the previous week’s figures. A further increase could apply downward pressure on the USD and open up PUT opportunities on the USD/YEN.

And so to Friday, we stay in the U.S for the latest Producer Price Index figures. The 0.6 percent increase in April’s Producer Price Index was the biggest since September 2012, reflecting broad-based gains as the U.S economy continues to improve. An upward trend may be starting to emerge which if reflected in May’s figures, will prompt Banc De Binary analysts to look at PUT opportunities on the EUR/USD.

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worked in the plastic blow molding industry for over 30 years in many facets from inspection ( Quality control) to development team. Have had more then a passing interest in computers and the internet for over 20 years, some Web programming and design, on-line auctions and ecommerce from 1997 till 2006 . was involved with the online auction cooperative movement from 1999- 2002 .. ran my own Domains & web servers for online sales Store fronts , promoteing my auctions called Dman-N-Company , a niche type auction site Musicplus. Richard Dambrosi

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2 comments on “AUS/NZD Opportunities – Banc De Binary Ahead of the Week Report 09/6 | News Canada Binary
  1. […] AUS/NZD Opportunities – Banc De Binary Ahead of the Week Report 09/6 | News Canada Binary […]

  2. […] AUS/NZD Opportunities – Banc De Binary Ahead of the Week Report 09/6 | News Canada Binary […]

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