Consumer Prices – Banc De Binary Ahead of the Week Report 16/6 | News Canada Binary

Consumer Prices – Banc De Binary Ahead of the Week Report 16/6 | News Canada Binary.

Consumer Prices – Banc De BinaryAhead of the Week Report 16/6

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The Future is Binary – Production figures for May. April’s disappointing number likely signaled a pause after the biggest monthly gains in manufacturing since 2010. Analysts are looking at an improvement from the second quarter onwards, with advances in consumer confidence and employment stimulating demand. This has prompted a positive forecast of 0.5 percent growth for May which would see Banc De Binary analysts looking at PUT opportunities on the EUR/USD.

On Tuesday, we stay in the U.S. for the key event of the day — that’s Consumer Price Index data for May. Last month’s figures exceeded expectations, indicating the U.S. economy is making progress toward the Federal Reserve’s inflation goals. This month, as the economy gains momentum, market watchers expect another positive reading so traders may look out for Eurodollar opportunities on Tuesday.

Still in the U.S., we await the latest Economic Projections from the Federal Open Market Committee at 6pm on Wednesday. Recent FOMC economic forecasts predict that inflation will remain below the Committee’s long term objective of 2 percent over the next few years, while the unemployment rate is expected to decline gradually. The latest projections will update binary options traders with vital information regarding the economy which will likely impact the dollar and may result in possible trading opportunities, again on the EUR/USD.

On Thursday, the focus switches to the U.K. for the release of Retail Sales figures. U.K. retail sales increased for the third month in a row in April as elevated confidence, higher employment and an improved housing market positively impacted on consumer spending. Recent data reveals that UK retail sales growth eased off in May after a bumper April, so as we await the official release of May’s data, Banc De Binary analysts will be watching for potential trading opportunities on the GBP currency pairs, U.K. stocks and the FTSE100 share index.

And so to Friday, we’re in Canada for the latest Consumer Price Index data. The CPI rose 2 percent in the 12 months to April, the largest increase since April 2012. Wage growth has slowed down with four consecutive months of declining average earnings, bringing wage inflation down to an annualised 1.4 percent. This is significantly lower than Canada’s CPI, suggesting that consumer spending might be dragged lower. If this is reflected in the latest figures, Banc De Binary analysts will be looking at CALL opportunities on the USD/CAD.

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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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5 comments on “Consumer Prices – Banc De Binary Ahead of the Week Report 16/6 | News Canada Binary
  1. […] Consumer Prices – Banc De Binary Ahead of the Week Report 16/6 | News Canada Binary […]

  2. […] Consumer Prices – Banc De Binary Ahead of the Week Report 16/6 | News Canada Binary […]

  3. […] Consumer Prices – Banc De Binary Ahead of the Week Report 16/6 | News Canada Binary […]

  4. […] Consumer Prices – Banc De Binary Ahead of the Week Report 16/6 | News Canada Binary […]

  5. […] Consumer Prices – Banc De Binary Ahead of the Week Report 16/6 | News Canada Binary […]

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