Binary Options Market Outlook: July 19 – 23
SPOTLIGHT:
Apple will report results for its fiscal third quarter on Tuesday.
Apple will report results for its fiscal third quarter on Tuesday. The period closed June 27, three days after the iPhone 4 went on sale. It will also be the first reporting period to include sales of the iPad tablet device that was launched in early April. Apple shares have lost more than 4% so far this week, as negative press around the iPhone 4 has built up. On Monday, Consumer Reports said it could not recommend buying the device until Apple addressed the antenna problem.
U.S. stocks to begin volatile week on Monday
Friday’s sharp slide followed a late-session bounce back the day before as investors cheered the government settling its fraud suit against Goldman Sachs Group Inc. The U.S. stock market is likely to begin the new week with some volatility, with investors eying disappointing economic reports and a mixed burst of quarterly earnings reports.
Euro may test $1.30 and higher next week
The Euro and other USD currency pairs will be affected by economic data next week. American Unemployment Claims: Published on Thursday at 12:30 GMT. This release checks the pulse of the US economy every week and serves as an indicator for the Non-Farm Payrolls and American housing figures: Published on Tuesday at 12:30 GMT. The housing sector is critical for the US economy.
Gold may test $1185 and lower next week
Gold hasn’t been able to gather much strength from safe-haven buying Friday, as the downward pressure from other markets was just too great. The settlement below $1,190 brought gold to the bottom of its recent trading range. Gold has traded sideways for the past two weeks.
Introducing The launch of New Charting Features
The launch of New Charting Features and the Price Transparency User Experience
We have upgraded the real-time charts.Now it will be easier for you to trade and create new positions.
- We have added the ability to zoom and enlarge the charts, which will allow you to see the fluctuation in detail.
- New Call and Put price indicators let you see the option price that we offer (this may sometime differ to the current price only due to market liquidity).
- Chart floating current price indicator shows you the current market value. You can easily mouse-over the chart to see all previous values.
- The charts now display different colors above and below the current price, to show you what area is in-the-money or out-of-the-money.
- Chart and price updates are now much faster to offer you the most accurate price transparency in the business.
- Charting is now much more accurate, displaying many more points per second on the charts. this creates a more condensed and accurate look.
We really would like to hear your feedback as we improve the trading experience according to your voice.
MetaTrader as Binary Options Trader Tool
Forex day trading is an occupation that never rests. A Forex day trader must constantly find the best tools, best broker, best execution time, best spread, best commissions, and on and on. Because tools, commissions, brokers, are always competing and improving, a Forex day trader finds himself occupied with testing software and opening accounts. All this is very time consuming and our time is better used for trading.
One of the best investments that a Forex trader can make is to use generic tools. These are tools that are not bound to one broker, so they can connect to many possible brokers. One such trading tool is MetaTrader. MetaTrader is one of a small handful of trading platforms that can perform all of the tasks that a Forex trader faces, without being tied to one broker. The big deal about this is that a trader that has spent the good part of a month tweaking and configuring MetaTrader (or any other generic platform), and then decides to change brokers, can still use the same MetaTrader without making any changes to the platform. Any trader who has had to switch brokers and then learn and configure a new trading platform knows how time consuming this can be. Worst of all its distracting. How many trading days did you lose switching to your last platform, until you had everything just the way you like it?
The best example for how cool this aspect of MetaTrader is, lets take a real hot topic these days: Binary Options Binary Options are quickly becoming the latest buzz-word in the Forex community. The main reasons are that within a few minutes you can make 65%-80% profit with a very small trading account (as little as $100 at www.startoptions.com for example). Also your risk is automatically included within the trade, so there is no need to calculate and manage stop orders to manage your risk. That’s why Binary Options are becoming to popular. Currently the only way to trade Binary Options is via web-based trading sites like www.startoptions.com or www.tradesmarter.com
So that’s yet another advantage of MetaTrader: Binary Options. Trading will never be the same again
Binary Options for I-Phone
TradeSmarter Makes It Possible for Developers to Build I-Phone Mobile Binary Options Applications.
Binary Options I-Phone Applications are needed!
With the release of the new Binary Options API, third-party I-Phone and android developers now have an easy access to a wealth of information to create all kinds of binary options mobile applications.We are excited to report that there are already few applications in production and soon will be launched. This is so cool because it gives our community a great way to access binary options streams directly from us on their mobile device with a wonderful interface. Be creative, Join TradeSmarter !
World Stocks Up After Greece Asks For Bailout
World stock markets rose Monday as fears of a Greek debt default eased following last week’s request by the country to tap a rescue package from its 15 partners in the eurozone and the International Monetary Fund.
Rate decisions in the US, Japan and New Zealand, and the first GDP release from the US for 2010 are the highlights of this week, which begins slowly and then explodes. Will the dollar index break to a one year high?
Greek hopes turned into worries once again, as more credit downgrades for Greece were released and the talks of a possible default became louder. This story continues to accompany us, as well as the indicators.
This market review was brought to your by our partner: ForexCrunch.com
1. American CB Consumer Confidence: Published on Tuesday at 14:00 GMT. This broad survey of 5,000 households had a big dip in February but recovered quickly in March and reached 52.5 points. It’s now expected to take one step higher and rise to 54.2 points. EUR/USD is quite sensitive to this release.
2. Ben Bernanke talks: Starts speaking before the National Commission on Fiscal Responsibility and Reform on Tuesday at 14:00 GMT. In this official public appearance, Bernanke will definitely move the markets. He will testify on the challenge of achieving fiscal sustainability and will comment about the economy.
3. Australian CPI: Published on Wednesday at 1:30 GMT. Australia published its consumer prices only once every quarter, making this event an important release – an important indicator towards the next rate decision. After rising by 0.5% in Q4 of 2009, an acceleration is expected this time – 0.9%. A rise above 1% might push the Stevens to another rate hike. He seems reluctant to make another move soon.
4. American rate decision: Published on Wednesday at 18:15 GMT. Ben Bernanke isn’t expected to make any surprises with the Federal Funds Rate – it’s expected to remain unchanged at a maximum level of 0.25%. Maybe the discount rate will be mentioned. As usual, the FOMC Statement will be closely watched – every change in the wording might have hints, especially the clause about holding interest rates at a low level for an extended period of time.
5. New Zealand rate decision: Published on Wednesday at 21:00 GMT. New Zealand didn’t follow Australia with a move on the rates, and isn’t expected to move them now as well. The Official Cash Rate is expected to stay at 2.5%. Given the unconvincing rise in prices and weak retail sales, this won’t happen soon. The RBNZ Rate Statement that accompanies the rate decision will have a strong impact on the currency, especially if the economic forecast is updated.
6. American Unemployment Claims: Published on Thursday at 12:30 GMT. After rising to alarming levels, last week’s numbers were back to normal, at 456K. This time, a drop down to 440K is predicted. A break under 430K is necessary for seeing serious growth in the job market. Note that this is the best indicator for the Non-Farm Payrolls. Up to now, jobless claims indicate that no fireworks will be seen at the next NFP.
7. Japanese rate decision: Published on Friday morning. Japan’s Overnight Call Rate won’t move from 0.1%, not in the near future. The focus will be on the easing steps that the BOJ will make, and on the updated economic forecasts. Japan declared a war on deflation and could take more steps to stimulate the economy and move prices. Note that the Tokyo Core CPI, the best inflation indicator, is published just before the rate decision and will probably show an annual drop of 2% in prices, worse than previous months.
8. Swiss KOF Economic Barometer: Published on Friday at 9:30 GMT. This important Swiss indicator, based on 12 basic ones, is a good reflection of the Swiss economy, and its moves go hand in hand with the Swissy’s strength. After rising to 1.93 points, a rise to 1.99 is predicted this time, the highest since December 2007.
9. European Unemployment Rate: Published on Friday at 9:00 GMT. The European unemployment rate and flash CPI are published together. Unemployment is flirting around 10% for a few months. This is a big burden on Europe, and prevents Trichet from moving the rates, despite improvements various surveys.
10. European Flash CPI: On the other hand, inflation is slowly picking up. The CPI Flash Estimate is expected to show an annual rise of 1.4% in prices, exactly like last month and the highest level since the end of 2008. German PPI unexpectedly leaped last week. A rise above 1.5% will be problematic for Trichet – fighting inflation with higher rates will endanger the fragile recovery.
11. Canadian GDP: Published on Friday at 12:30 GMT. Canada’s monthly GDP is expected to rise by 0.5% in February, slightly lower than the 0.6% in January, but still in the same good rate as in Q4. Another nice month of growth will support the Canadian dollar in its battle on parity, which is still going on. GDP helped the loonie last month, and after the weak CPI and retail sales, it’ll sure need another boost.
12. American Advance GDP: Published on Friday at 12:30 GMT. After a very strong fourth quarter, that wasn’t accompanied with the same recovery in jobs, economists expect Q1 to show slower growth – an annual rate of 3.4%. Note that these expectations aren’t low, and that exceeding them will be a big boost for the dollar.
