What is it? It checks the change in the total value of services purchased by businesses.
It's a leading indicator of economic health - businesses are quickly affected by market conditions, and changes in their spending can be an early signal of future economic activity such as hiring, earnings, and investment.
When? November 11th at 6:50pm Eastern Time.
Trading Tip: If the number is higher than the forecast, you can expect the JPY to rise.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
What is it? It checks the change in the level of a diffusion index based on surveyed consumers.
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.
When? November 11th at 6:30pm Eastern Time.
Trading Tip: If the number is higher than the forecast, you can expect the AUD to rise.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
What is it? Governor Wheeler is due to hold a press conference about the Financial Stability Report, in Wellington.
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? November 11th at 3:05pm Eastern Time.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) Defying Gravity?
After closing at new record peaks, US markets continue to push even higher, with stock futures edging up and most major global indexes in positive territory.
2) Alibaba Bonanza
The world's biggest online shopping day has already generated record sales over Alibaba's platforms. More than $2 billion worth of goods was sold via Alibaba (BABA, Tech30) in just the first hour, and last year's record was passed early afternoon in China.
3) International Markets Overview
European markets were strolling higher in early trading. Shares in Vodafone (VOD) were up 5% in London after the mobile operator reported revenue growth of 9% in the first half of the year, and raised its dividend.
Asian markets ended mixed, with most indexes little changed on the day. The lone exception was Japan's Nikkei, which gained 2% as the yen weakened further.
The ruble was under pressure again after Monday's brief respite from last week's plunge. Russia's currency was trading 1% weaker against the US dollar.
4) Earnings
Quarterly reports continue to trickle in. DR Horton (DHI), a company that builds single-family homes, will report earnings before the opening bell. Fossil (FOSL) will report after the close.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
What is it? It provides insights into the bank's view of inflation, growth, and other economic conditions that will affect interest rates in the future.
When? November 11th at 3:00pm Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the NZD to rise.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
US stocks climbed higher and closed at record levels once again. Gains came after Mario Draghi, the President of the European Central Bank, spoke during a press conference and reaffirmed that they are prepared to inject stimulus as soon as needed. U.S. data releases also boosted sentiment.
Asian markets were mixed. Gains were seen as the Dollar climbed higher against the yen and reached a high of ¥115.5.
European markets are higher today as traders await the NFP release. Although the figure is forecast to be lower than last month, positive data is now expected as data throughout the week has been consistently strong.
Oil declined after OPEC predicted that demand may fall to a 14 year low in 2017. Then price is now climbing ahead of the NFP release as traders are expecting positive results. Increased labor should lead to greater demand for oil. Gold is trading around a 4 year low as the Dollar continues to rally. Physical demand has not yet picked up and so we can see that traders believe the price will continue to drop.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
What is it? It checks the difference in value between imported and exported goods during the previous month.
Export demand and currency demand are directly linked because foreigners usually buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.
When? November 7th sometime during the day.
Trading Tip: If the number is higher than the forecast, you can expect the CNY to rise.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
What is it? Fed Chair Yellen is due to participate in a panel discussion titled "Policy Since the Onset of the Financial Crisis" at the Bank of France's Symposium "Central Banking: The Way Forward?," in Paris. Audience questions expected.
As head of the central bank, which controls short term interest rates, she has more influence over the nation's currency value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.
When? November 7th at 10:15am Eastern Time.
Trading Tip: If the number is higher than the forecast, you can expect the USD to rise.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
What is it? It checks the percentage of the total work force that is unemployed and actively seeking employment during the previous month.
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? November 7th at 8:30am Eastern Time.
Trading Tip: If the number is lower than the forecast, you can expect the USD to rise.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
What is it? It checks the percentage of the total work force that is unemployed and actively seeking employment during the previous month.
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? November 7th at 8:30am Eastern Time.
Trading Tip: If the number is lower than the forecast, you can expect the CAD to rise.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
What is it? It checks the change in the number of employed people during the previous month.
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.
When? November 7th at 8:30am Eastern Time.
Trading Tip: If the number is higher than the forecast, you can expect the CAD to rise.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
What is it? Governor Carney is due to participate in a panel discussion titled "Central Banking: The Way Forward" at the International Symposium of the Banque de France, in Paris.
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.
Usual Effect: If the announcement will hint towards higher interest rates, you can expect the GBP to rise.
When? November 7th at 5:15am Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the GBP to rise.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
US stocks climbed and reached new levels once again. Markets were boosted by data and political events.
Asian markets turned lower today. The Nikkei first gained as the Dollar rallied to a 7 year high against the Yen, reaching a high of ¥115.5
European markets are mixed today as traders turned hesitant ahead of the ECB interest rate decision and press conference. Analysts do not expect any changes to be introduced.
Oil stopped declining. The EIA reported that oil only increased by 460,000 barrels, much lower than the expected growth of 1,900,000 barrels. Sentiment was also higher due to midterm elections, positive data and better than expected corporate earnings.
Gold is trading around a 4 year low around $1,144.7. The metal broke through its support level yesterday as the Dollar soared. Analysts believe that the price could now drop to $1000/ounce as the safe haven appeal has worn off as the economic outlook for the U.S continues to improve. The price could now begin to range ahead of tomorrow’s Nonfarm Payroll report.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) Earnings
Some of the big names reporting earnings before the opening bell include AOL (AOL, Tech30), AstraZeneca (AZN), Cablevision (CVC), and DirecTV (DTV). Walt Disney (DIS) and Zynga (ZNGA) will post after the close.
In Europe, investors will be parsing through earnings from Adidas (ADDYY), Commerzbank (CRZBY), Siemens (SIEGY) and fashion brand Hermes (HESAY).
2) Oil
OPEC will present its World Oil Outlook at 8:30am ET. Traders are hoping it will give more insight into long term plans for oil production and prices.
Crude oil prices have fallen by about 26% since the middle of June and are currently trading below $79 per barrel in New York, which is squeezing many nations that depend on energy exports.
3) Economics
There's a focus on US jobs this morning. The US government will post weekly jobless claims at 8:30am ET. The Challenger Job Cuts report for October will also be out at 7:30am.
Central banks are also top of mind: Traders are waiting on the European Central Bank to issue its latest monetary policy decision at 7:45am ET and hold a news conference at 8:30am.
The Bank of England will also issue its policy decision this morning.
4) International Markets Overview
All the major European markets were declining in early trading.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
What is it? It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions.
When? November 6th at 10:00am Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the AUD to rise.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
What is it? It checks the level of a diffusion index based on surveyed purchasing managers.
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.
When? November 6th at 10:00am Eastern Time.
Trading Tip: If the number is higher than the forecast, you can expect the CAD to rise.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
What is it? It checks the number of individuals who filed for unemployment insurance for the first time during the past week.
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? November 6th at 8:30am Eastern Time.
Trading Tip: If the number is lower than the forecast, you can expect the USD to rise.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
What is it? ECB President and Vice President speaks.
It's the primary method the ECB uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy.
When? November 6th at 8:30am Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the EUR to rise.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter:
What is it? It checks the change in the total value of new building permits issued.
It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.
When? November 6th at 8:30am Eastern Time.
Trading Tip: If the number is higher than the forecast, you can expect the CAD to rise.
Talk to us to get get FREE signals and start earning now:
Other top stories:
4 Tips for Today's Trading
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter: