What is it? Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.
When? At 7:30pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the AUD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
.
What is it? As head of the ECB, which controls short term interest rates, he has more influence over the euro's value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
When? At 8:15am Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the EUR to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
Stocks: McDonald's Corp (N:MCD) is expected to announce early results from its domestic all-day breakfast push, give a verdict on whether it will spin off its U.S. real estate and announce a dividend increase at its investor meeting on Tuesday.
Shares in the world's biggest restaurant chain have been trading at record highs since Chief Executive Steve Easterbrook said on Oct. 22 that a rebound in quarterly sales at established restaurants showed his turnaround plan was beginning to take hold.
McDonald's launched all-day breakfast on Oct. 6 in the United States, its top profit market.
Commodities: Oil prices rose on Tuesday after the International Energy Agency(IEA) noted unprecedented declines in investment, though the broader picture of an oversupplied market limited any gains.
Brent crude (LCOc1), the global oil benchmark, was up 0.25 cents at $47.44 a barrel by 0937 ET, having fallen for four trading days in a row. U.S. crude (CLc1) rose 0.30 cents to $44.17 a barrel.
The IEA said oil was unlikely to return to $80 a barrel before the end of the decade, despite cuts in investment, as annual demand growth struggles to top 1 million barrels per day.
In its World Energy Outlook, the IEA also estimated that investment in oil would decline more than 20 percent this year and the trend would continue into 2016.
Stocks: U.S. stocks were lower on Tuesday morning, dragged down by Apple, as investors worried about China's economic health and braced for an interest rate hike by the Federal Reserve next month.
Apple's shares (O:AAPL) fell 2.5 percent to $117.52 after Credit Suisse (VX:CSGN) said the iPhone maker had lowered component orders by as much as 10 percent. The stock was the biggest drag on the three major indexes.
The report on Apple added to fears of a slowdown in global growth, especially in China, a key market for many U.S. companies including Apple, ahead of the crucial holiday shopping season.
Forex: The euro fell to fresh seven-month lows against the dollar on Tuesday as the diverging monetary policy stance between the Federal Reserve and the European Central Bank pressured the single currency lower.
EUR/USD hit lows of 1.0682, the weakest since April 23 and was last at 1.0685, off 0.6% for the day.
The greenback remained broadly stronger after Friday’s robust U.S. jobs data paved the way for the Fed to raise interest rates at its next meeting.
The U.S. economy added 271,000 jobs last month, well ahead of the 180,000 expected by economists and the largest increase since December.
Economic Indicators: U.S. wholesale inventories rose more than expected in September, official data showed on Tuesday.
In a report, the U.S. Commerce Department said that wholesale inventories increased by a seasonally adjusted 0.5%, above expectations for a gain of 0.1%. Wholesale inventories rose by 0.3% in August, whose figure was revised up from a previously reported increase of 0.1%.
EUR/USD was trading at 1.0682 from around 1.0684 ahead of the release of the data, GBP/USD was at 1.5108 from 1.5109 earlier, while USD/JPY was at 123.43 from 123.39 earlier.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
This visitor has rated the Chat he had with Jenny as good.
We would like to thank him for the comments he made.
To join our community please click here:
The dollar held steady near seven-month highs against the other major currencies on Tuesday, as growing expectations for a December rate hike by the Federal Reserve continued to support the greenback.
USD/JPY was little changed at 123.11.
The greenback remained supprted after the Labor Department reported on Friday that the U.S. economy added 271,000 jobs last month, well ahead of the 180,000 expected by economists and the largest increase since December.
The unemployment rate fell to a seven-and-a-half year low of 5.0%.
The strong data paved the way for the Fed to raise interest rates at its December meeting, a move that would make the dollar more attractive to yield-seeking investors.
EUR/USD edged down 0.11% to 1.0738, re-approaching Friday's seven-month trough of 1.0701.
The euro remained under pressure after Reuters reported on Monday that the European Central Bank could cut its deposit rate deeper into negative territory at its December meeting.
Elsewhere, the dollar was steady against the pound and the Swiss franc, with GBP/USD at 1.5103 and with USD/CHF at 1.0036.
The Australian and New Zealand dollars were stronger, with AUD/USD adding 0.15% to 0.7058 and with NZD/USD rising 0.21% to 0.6546.
Earlier Tuesday, the National Australia Bank reported said its business confindence index fell to 2 in October from 5 the previous month. Analysts had expected the index to tick down to 3 last month.
Meanwhile, USD/CAD edged down 0.11% to trade at 1.3271.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 99.19, not far from Friday’s seven-month highs of 99.29.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
Markets are dipping again on Tuesday following a negative start to the week.
What is it? As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
When? At 3:05pm Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the NZD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? It contributes to inflation for businesses and consumers, especially those who rely heavily on imported goods and services.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
1. U.S. stocks were lower on Monday morning after weak Chinese trade data and an OECD report warning of a global slowdown spurred concerns about weakening demand.
Data showed China's October exports fell for a fourth month, while imports also dropped, leaving the world's second largest economy with a record high trade surplus of $61.64 billion. The U.S. is one of China's biggest trade partners.
2. The euro gave up all of the day’s gains against the dollar on Monday, falling back towards seven-month lows amid growing expectations that the European Central Bank will cut interest rates deeper into negative territory in December.
EUR/USD was last at 1.0736, not far from the low of 1.0701 set on Friday, after rising to highs of 1.0790 earlier.
3. Gold prices struggled near the lowest level in three months on Monday, as investors slashed holdings of the precious metal amid expectations the Federal Reserve will raise interest rates at its next meeting in December.
Gold for December delivery on the Comex division of the New York Mercantile Exchange tacked on $1.20, or 0.11%, to trade at $1,088.80 a troy ounce during U.S. morning hours.
On Friday, gold prices fell to $1,084.50, the lowest since August 7, after data showing the U.S. economy created more jobs than expected in October bolstered expectations for a rate hike next month.
4. China’s businesses foresee a bleak year ahead of them and have cut revenue and profit forecasts over concerns of flagging demand and fewer new orders, according to a survey released Monday. The Markit survey showed business sentiment in the nation reached a record low.
Only 17 percent of Chinese businesses surveyed expected an increase in business activity in the next 12 months compared with 25 percent in June. Confidence waned in both the service and manufacturing sectors, according to the report, and the degree of optimism among Chinese companies was well below the global average of 25 percent.
5. Yahoo Inc (O:YHOO) has appointed management consulting firm McKinsey & Co to help with the reorganization of its core businesses, technology news website Re/code reported on Monday.
McKinsey will help Yahoo decide which units to shut, sell or invest in, Re/code said, citing several people close to the situation. (http://on.recode.net/1QdGTOu)
Yahoo, which is preparing to spin off its 15 percent stake in Chinese e-commerce giant Alibaba Group Holding Ltd (N:BABA), declined to comment, as did McKinsey.
Yahoo has been struggling to boost revenue from ad sales in the face of stiff competition from Google (O:GOOGL) and Facebook Inc (O:FB).
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
Fiona from France said she won some trades with the help of our service.
We want to thank Fiona for the good review.
To join our community please click here:
It's Monday. New week of trading is ahead.
What is it? Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to respond by raising interest rates.
When? At 8:30pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the CNY to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.
When? At 7:30pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the AUD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
The dollar rallied to six-month highs against the other major currencies on Friday, after the release of strong U.S. employment data added to expectations for a December rate hike by the Federal Reserve.
The dollar rallied against the euro, with EUR/USD down 1.32% at six-month lows of 1.0738.
The U.S. Labor Department said the economy added 271.000 jobs last month, exceeding expectations for a 180.000 rise. The U.S. economy added 137.000 jobs in September, whose figure was revised from a previously estimated increase of 142.000.
The U.S. unemployment rate ticked down to 5.0% in October from 5.1% the previous month. Analysts had expected the unemployment rate to remain unchanged last month.
The report also showed that average hourly earnings rose 0.4% last month, more than the expected 0.2% gain, after a flat reading in September.
The strong data added to expectations for the U.S. to raise interest rates after Fed Chair Janet Yellen said on Wednesday that a December rate hike is a "live possibility," depending on economic data.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
Tessie from Finland won trades with the help of our Signals.
To join our community please click here:
It's a very important day for the U.S. economy and global financial markets.
What is it? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is lower than the forecast, you can expect the USD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is lower than the forecast, you can expect the CAD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook: