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September 8, 2014 – Trading Tips & Trends – Currency Pairs News

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EUR/USD
Last week the EUR/USD pair rapidly decreased and dipped to a new one-year low. As the pair declined it touched 1.2920 due to surprising actions from the European Central Bank. As has previously been discussed, many analysts expected Mario Draghi to increase monetary stimulus to prevent low inflation and spur economic growth. Nobody, however, expected the ECB to cut the already very low interest rates. The pair then ranged low before the U.S. labor data was released, which came out worse-than-expected. The price remained below 1.3000. On Thursday pay attention to the ECB Monthly Bulletin and on Friday to the U.S. Retail Sales data.

GBP/USD
Last week the GBP/USD erased more than 300 pips when it decreased from 1.6630 to 1.6280. The British pound was influenced by not only the European Central Bank’s decision but even more so by fears regarding the upcoming referendum. On September 18th it will be decided if Scotland will get its independency. For the first time in modern history, it seems very likely that they might split from the U.K. On the back of these speculations, the GBP/USD will continue to fall. Now the pair is traded at 1.6180. This week there will be some important releases (e.g. the U.K Manufacturing Production on Tuesday and Inflation hearing on Wednesday) but the pair will be under pressure even if the data comes out above expectation.

GOLD
The price of gold started last week at $1,287.5/ounce and then fell to $1,257/ounce. The yellow metal lost the safe-haven demand as Russia and Ukraine agreed on a ceasefire. This, coupled with a better outlook of the U.S. economy, caused the price to immediately decline. However, on Friday the price slightly recovered after the U.S. Nonfarm payrolls showed very disappointing numbers. This week keep an eye on geopolitical tension and to the U.S. Retail Sales release.

September 1st 2014 – Weekly Options Currency News

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EUR/USD
After seven weeks of depreciation, the EUR/USD pair continued to fall last week to 1.3120. The main movement occurred on Friday when the pair reacted to positive U.S. data and a declining situation in Russia. After the E.U. threatened Russia with additional sanctions, the value of the Euro immediately declined. The pair has also fallen under pressure with speculation that the European Central Bank will increase monetary stimulus to prevent economic stagnation. The ECB meeting on Thursday will provide more information on the future of the Euro. Additionally, with U.S. labor data released this week, traders expect to see the U.S. dollar in a state of volatility. The Nonfarm Payroll data will be watched far and wide as the Fed may increase the interest rates once the labor data is solid.

GBP/USD
Last week the GBP/USD pair moved sideways between 1.6535 and 1.6615. The pair stopped the previously bearish movement that had pushed them to a five month low. The value of the British Pound slightly increased as the inflation data and economic confidence showed results that exceeded expectations. This week, traders should pay attention to the U.K. Manufacturing PMI (Monday), Construction PMI (Tuesday), Services PMI (Wednesday) and interest rate release (Thursday). The U.S. dollar will be influenced by upcoming Nonfarm Payroll data which will be released on Friday.

GOLD
The price of gold started last week at $1,290/ounce and by Thursday had increased to $1,297/ounce. The price of the safe-haven asset increased as fighting in Ukraine renewed. Germany and France threatened Russia by increasing sanctions. On Saturday, the EU leaders agreed to increase the sanctions, which should be implemented within a week. This week, traders should pay close attention to the situation in Ukraine as well as the economic data from the U.S. It is known that the Nonfarm Payroll data is scheduled for this Friday. This data tends to bring a lot of volatility to gold, and therefore offers great opportunities for binary options trades.

August 25, 2014 – Weekly News Update of Currency Trends – Binary Options

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August 25, 2014 – Weekly News

WEEKLY REPORT 25/08-29/08

EUR/USD

Last week the EUR/USD pair finally left the sideways movement and started to drop. First significant decrease we saw on Tuesday when the U.S. inflation and housing data came out above expectations and spurred the demand for Dollar. The pair broke through the 1.3300 level on Wednesday on strong positive speculation over the FOMC Meeting Minutes report and the last significant move we saw on Friday as Janet Yellen gave her hawkish talk in Jackson Hole. Despite the fact, she did not say anything new, she repeated the fact that Fed is prepared to increase the interest rates if the labour market data will be solid. The pair opened after the weekend with negative gap pushing the price below 1.3200 which means that within a week, the pair declined more about 200 pips! Mario Draghi who also gave a speech in Jackson Hole symposium, was more dovish and explained the drop in inflation due to Ukraine situation. This week will start with German Ifo Business Climate release which is expected to be the lowest in past 12 months. We should pay attention to the U.S. CB Consumer Confidence (on Tuesday), German CPI and U.S. GDP (on Thursday) and EU CPI (on Friday).

USD/JPY

The USD/JPY pair increased last week from 102.30 to 104.10. The rapid increase was caused mainly by strengthening U.S. Dollar which climbed to its new 12-month high and it is not far from exceeding it and get to 14-month high. Last week we did not see so much economic data coming from Japan. However, this week we should see more volatility there as the Japanese inflation data, Industrial Production and Retail Sales will be released on Wednesday. On the side of Dollar we should keep an eye on the U.S. CB Consumer Confidence and U.S. GDP.

GBP/USD

Last week the GBP/USD fell all the way to 1.6560 which is the lowest value since March. The pair has been decreasing for 7 weeks in a row as market seems to be disappointed by U.K. economic results which recently came out just below expectation. The pair might start the week will lower volatility as the U.K. market will remain closed due to public holiday. During the week we should pay attention more to the U.S. market as there are no important economic releases from U.K. market.

GOLD

The price of gold fell last week from $1,303/ounce to $1,273/ounce. The price declined on the back of good U.S. economic data which spurred the positive speculation over the earlier U.S. interest rate hike. We already heard FOMC members saying that if the labour market improves solidly, the Fed is prepared to increase the interest rates. This hawkish statement were repeated in the symposium in Jackson Hole where the Fed Chairman Janet Yellen had a speech. These news are cutting the profits of the safe-haven assets as investors are seeking more risky assets. This week we should mainly pay attention to the Tuesday’s CB Consumer Confidence index and Thursday’s GDP release.

August 18, 2014 – Weekly Binary Options Trading

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August 18, 2013 – Weekly News

WEEKLY REPORT 18/08-22/08

EUR/USD
Last week, the EUR/USD pair moved sideways in a wide channel. The pair jumped to 1.3415 but then fell to 1.3350. Indecision in the market caused the sharp movements. The main event this week will be the U.S. FOMC Meeting Minutes which will be released on Wednesday. Investors are watching the Fed’s decision regarding increasing interest rates. However, it is known that the Fed will increase interest rates once the labor market conditions are stable. At the end of the week, Janet Yellen (Fed Chairman) and Mario Draghi (European Central Bank President) will speak at a conference in Jackson Hole.

USD/JPY
The USD/JPY pair increased last week from 102.00 to 102.70. The pair was mainly driven by a strong U.S. Dollar. However on Friday, there was a significant drop from the Yen’s side. The Yen reacted on geopolitical tension in Ukraine, which caused the pair to fall to 102.20. This week, there is no important fundamental data being released in Japan, so the pair may react to the U.S. market. On Tuesday, the U.S. will announce the CPI and Building Permits data. On Wednesday, traders should keep an eye on the FOMC Meeting Minutes and on Friday traders should pay attention to the Jackson Hole conference.

GBP/USD
Last week, the GBP/USD confirmed its downtrend and slid to its new four month low. The main drop was from Wednesday. First, the British Pound depreciated after the disappointing inflation report. Second, it depreciated because of dovish statements from Mark Carney (Bank of England governor). This week, there may be additional pressure on the currency, as the CPI data will be released on Tuesday. On Wednesday, the market should pay attention to the U.K. Official bank rate votes and to the FOMC Meeting minutes. The U.K. Retail sales will be posted on Thursday and should offer some trading opportunities.

GOLD

The price of gold had been ranging high last week (between $1,305 and $1,317/ounce) but on Friday fell to $1,292/ounce. The yellow metal as a safe haven asset rose on August 6 due to the fact that the geopolitical tension in Ukraine and Iraq increased. Because the physical demand had remained low we knew that any time when the tension calms down the price is going to drop significantly what happen to be on Friday. This week we should pay attention mainly to the FOMC meeting report which will give us some further information about future monetary policy steps of Fed. We should still keep an eye on the geopolitical situation as well.