Money, Money, Money

Binary Option and Forex News Update 2/23/15 thru 2/27/15

Are we seeing currencies making themselves weak to stay strong? It appears that some  are suspiciously brushing off strengthening data in order to spur economic growth in preferred sectors.

This is your binary option and forex currency market news update for the week of February 23rd.

Savvy traders are profiting by staying in tune to market fundamentals that impact their technical trades, right here with SmallMoneyMadeBig.com.

The highlights to look out for this week on your major currency pairings include:

Euro

The Euro – The standoff between Greece and the Power Haus German’s of the euro zone is turning out to be a game of chicken that will have the euro reeling back against your other major currency pairings either now or later. It seems to be inevitable that it’s going to be a bumpy road for the euro moving forward. If there is an agreement between Greece and the ECB (European Central Bank), expect to see a temporary surge in the euro. Even with ECB and the Germans acquiescing to re-negotiated terms for Greece, as the full picture comes into focus it will become quite evident that financing of more debt is a no win situation for both the Germans and the ECB.

On the other hand, if no agreement is reached, we can anticipate a tailspin for the euro. But after the dust settles and Greek default runs its course, don’t be surprised to see a surging rebound to the euro five or six months down the road.

The Loonie (CAD)– This week Governor Poloz speaks. With a rebound in oil prices and better than expected wholesale numbers this may have Governor Poloz turning a bit more optimistic going forward. Even with an optimistic front, don’t expect a hawkish tone to his verbiage. Caution will be the tone with a close eye for developments on the oil market forefront and peering at what will progress with the Fed’s stance on the U.S. economy.

The USD – The biggest release that will move the needle on your major USD pairings will be Fed Chair Yellen’s testimony to the Senate Banking Committee. Just as last week’s minutes revealed, there will continue to be a dovish spin in her prepared statement and for the Q&A that follows.  Anticipate a deliberate tendency to down play economic momentum. This will be with good reason, as the “mixed bag” of numbers reveals that the U.S. economy has one foot on solid ground, but does not yet have both feet firmly planted.

You can only hold your cards close to your chest for so long before the winner is revealed. The weak are attempting to inherit the earth by playing their hands with a poker face that would make Kenny Roger’s “Gambler” blush with envy.

Remember, SmallMoneyMadeBig.com provides you this binary option and forex weekly news update to keep you in tune with what moves the market and why.

Of course this, in turn, makes you a much more savvy trader to keep you “in the money” on all your technical trades. Check out one of our winning trading system’s like our newest one the Rebel Spirit. The Rebel Spirit gives you the tools to profit hundreds of dollars in less than twenty minutes with our 3 in 1 multiple trade system. Check it out on SmallMoneyMadeBig.com.

Market News Update

Binary Option and Forex Market News Update for 2/15/15 through 2/20/15

Kryptonite has hit the USD!

Is the strength of the USD beginning to wane so soon? Is the European Central Bank making a big “boo boo” by providing extended relief to Greece? How will this affect your currency pairings going forward for the week?

Always stay plugged into SmallMoneyMadeBig.com for your binary option and forex news updates that keep you “in the money”. This is where you will always get more “bang for  your profit making buck” with unlimited support, when you purchase one of our winning trading systems.

Here we go!

With last week’s data revealing less than stellar numbers for the U.S. economy, the other major currencies are starting to gain a bit of momentum against their USD counterpart. The USD’s kryptonite of lagging job numbers and slow growth continues to peak its head around the corner.  As things progress, the Fed’s will continue to exercise patience and let the domestic data, and the global numbers, dictate when interest rate tightening will or will not take place. The earliest target date appears to be mid-year, but if we continue to see signs of a stalling economy, consideration of any Fed rate hike will be later than sooner.

wage growth
Super Yellen, wage growth

 

The European Central Bank revealed that it will provide more ELA  (Emergency Liquidity Assistance) to Greece allowing them more time and more debt in hopes of striking a re-negotiated deal for their compounding debt obligation. At this point, however, it appears to be an uphill battle. The ECB is taking action to keep the euro zone economies moving forward together as a unit. But are they poising themselves to play the role of “humpty dumpty”, in having a great fall that will shatter the euro and any hopes of being put back together again?

Keep a close eye on the developments as this will surely affect all your euro currency pairings. Keep tracking the fundamental news that will keep you nimble and “in the money” on all your technical trades.

A busy week of releases dot the calendar for your major currency trades starting with the Asian session:

The Yen (JPY)– quarter over quarter Preliminary GDP, Monetary Policy Statement, Bank of Japan Press Conference.

The economic data for the Yen is not boding well. We can anticipate the continued shrinkage of GDP. With Governor Kuroda having very little Q.E. elbow room to spare, it doesn’t appear that the Yen will have sufficient support to gain any significant momentum for the time being. Besides other Asian currencies, pitted against your other major pairings, the Yen will remain meek.

The Kiwi (NZD)– Quarter over quarter Retail Sales, Core Retail Sales and Global Dairy Trade Index.

Expect the Kiwi to reveal somewhat sheepish retail numbers as it still needs work on shedding its image of reliance on China’s slowing economy.

The Aussie (AUD)– Monetary Policy Meeting Minutes.

If the minutes reveal insight showing the RBA as being more dovish (than even the mild surprise of the rate cut a week and a half ago), coupled with last week’s unexpected increase in unemployment, it could send the Aussie spiraling below support levels for your Aussie pairings, and in particular the AUD/USD.

The Euro – Eurogroup Meetings, German ZEW Economic Sentiment, French and German Flash Manufacturing PMI.

Insight into the Eurogroup meetings will prove to be market movers. A keen ear tuned into what the direction will be for Greece, now that the ECB has gone forward with extending relief.

Mixed in with a German perspective, that is butting heads with the ECB’s approach on handling the Greeks debt burden, we anticipate seeing German sentiment bending more pessimistic than last month’s reading. German concern about carrying the load and what will develop, between the ECB and Greece moving forward, may weigh heavy on the euro this week.

The Sterling (GBP)– Year over year CPI,  three month over year Average Earnings Index, Claimant Count Change, MPC Official Bank Rate Votes and month over month Retail Sales.

With stagnant inflation numbers continuing to weigh heavy we still don’t anticipate seeing the Monetary Policy Committee’s reverse its dovish position and show itself hawkish. On the other side of the coin we can’t expect the U.K. to follow suit with the current rush to cutting rates. The status quo should reign supreme just as surely as the Queen has remained on her royal throne.

The Loonie (CAD) – Month over month Wholesale Sales, month over month Core Retail and Retail Sales.

The impact of oil prices showing signs of rebounding a bit will have the sales numbers jostling to bolster the Loonie for a mild rally against your major currency pairings.

The USD – Building Permits, month over month PPI, FOMC Meeting Minutes, Unemployment Claims and Philly Fed Manufacturing Index.

Even though we’ve seen momentum for the USD against your other major currency pairings don’t be surprised at weakness from the USD this week. The Fed’s meeting minutes may reveal that the doves are still in charge; and are very aware of the bumpy road ahead that needs to be navigated with two hands on the steering wheel.

No super hero Fed will be able to save the day, but if job growth keeps flying high, then there’s only one more hurdle to leap. If the USD is able to rid itself of the kryptonite, known as wage stagnation, will it truly be able to boost itself into the stratosphere that can only be reached by hawks waving the stars and stripes.

Join us at SmallMoneyMadeBig.com and click on our market news event calendar for all the releases for the week that will impact your currency pairings.

Learn more about our winning trading systems that come with unlimited support. They’re easy to use and will have you “in the money” over and over again. Reaping profits and making your small money into big money is what it’s all about.

 

Are you cashing in on volatility?

Binary Option and Forex News Update for 2/8 thru 2/13/15

Hot money or hot mess? Here’s your binary option and forex news update for February 8th thru the 13th, 2015.

market volatility

If your looking at volatility as hot money, instead of a hot mess, then this is the time to be feasting on your currency pairings for big time profit. Follow the fundamental market news releases right here with SmallMoneyMadeBig.com where we provide you the edge on all your technical trades.

Developments on the Asian market forefront have currencies, like the Yen, caught in a staring contest with China to see who will blink first. With China looking to weaken their currency (yuan), the chain reaction will have big time impact for their Asian currency counterparts. This impact, in turn, will affect the global currency markets with a domino effect of volatility.

SmallMoneyMadeBig.com called it at the beginning of the year. We are experiencing unprecedented volatility, market shocks and aftershocks, that if positioned correctly, will have you “in the money” time and time again.

Let’s take a look at what’s on tap this week for your major currency market trades:

China – Year over year CPI. We can anticipate that China’s government manipulated currency will reveal a trend towards a weakening Consumer Price Index, that will have them hinting towards competitive easing, to boost exports and spurn activity that will have their Asian Pacific counterparts reeling for their next move.

The Aussie (AUD)– RBA Governor Stevens speaks twice this week, NAB Business Confidence, Employment change and unemployment rate.

Things will continue to get interesting for your Aussie pairings. We saw some amount of stabilization on the latter part of the week after the roller coaster ride of the last couple of weeks.

With so much reliance on China’s economic developments, regarding import/export activities that affect the Aussie, we can anticipate that a theme of devaluing is prime to continue. Last week’s stabilizing support level may not last, expect to ride the short bus on your Aussie/USD pairings.

The Euro might play quietly this week with no major news releases that will hold weight on the currency. But don’t be surprised to see a bit of a rebound, as it begins to show signs of shoring up its lackluster performance, that has plagued it since entering the new year. We still keep a close eye on the developments with Greece and the new regime, that appears, to be better served if it acquiesced to some form of austerity. The ECB and the German approach will be to keep a tight lid on the growing anti-austerity movement.

The Sterling (GBP) – Month over month Manufacturing Production, the BOE (Bank of England) Governor Carney speaks and BOE Inflation Report.

It’s a mixed bag of opinions for the Sterling, with some economic pundits calling for the MPC (Monetary Policy Committee) to take action sooner rather than later, and yet others crying out for some form of additional easing to follow suit with other currency counter parts (i.e. Bank of Japan, European Central Bank and the Reserve Bank of Australia).

We believe the cries for easing should fall on deaf ears. The numbers would reveal a measured approach that would keep things, as they are, for the time being. The U.K’s economy is better positioned than its counterparts to withstand the current pressures of low inflation. At the same time, the earliest we’ll see any rate hike action doesn’t appear to be before the end of this year or beyond into 2016. We anticipate that the verbiage from Governor Carney’s speech will bear this out.

The Loonie (CAD) – Month over month Manufacturing Sales. Your USD/CAD Loonie pairing may continue to see a slight rebound if we see a sustainable and prolonged rise in the price of oil. If the rally sticks and takes hold the Loonie will bounce back with at least one foot out of the sludge. If there is no real traction to the rally on oil prices anticipate added weakness weighing on the Loonie.

The USD – Month over month Core Retail Sales, Retail Sales, Unemployment Claims and Preliminary University of Michigan Consumer Sentiment.

What appears to be an ongoing plague to the American economy is the total stagnation of wage growth. Even though the economic data has shown mixed signals, the U.S. economy has been riding a wave and flexing its strength in recent month’s. But the drawback looms near, if the hard data reveals that the recent “Super USD” strength may be more of a temporary blip of “juiced up” numbers. Trader’s may now be  paying attention to the underlying kryptonite that could be exposing a vital weakness going forward.

With global currencies “in flux”, the hot money is ready to be handled by those who can take the heat and will leave those that hesitate, wilting away like a hot mess. Which side are you on?

Always stay tuned to SmallMoneyMadeBig.com and check out our market event calendar for all your fundamental news that impacts your technical trades on your binary option and forex highway of success. Check out our easy-to-use winning trading systems that will keep you “in the money” over and over again.

 

Binary Option and Forex News Update for 2/2 thru 2/6

Market News Update

Do you have ants in your trading pants?

Trading Pants

Just as we expected, the major theme of last week’s Fed meeting was “patience”.

With some key changes in verbiage we see Yellen and the Fed’s optimistic about a strengthening U.S. economy, but at the same time remaining cautious in their approach.

The markets translated the Fed announcement as being dovish and the USD pairings were priced accordingly.

The other global economies, and thus their currencies,  pale in comparison to the growing strength of the USD.

The current stance may  be showing dovish, but it appears that the American hawks are hovering above and will be ready to pounce on any new data that may indicate it’s time to raise the rate. So far, we don’t anticipate the hawks being able to pounce on the rate until the middle of this year.

Let’s look at the slew of market news that may impact your binary option and forex currency pairings for the week:

The Aussie (AUD) – If you’ve been trading the Aussie the last couple of week’s, you may have been riding the AUD/USD bears all the way to the bank.

In light of recent developments, the Aussie might be weighing much too heavy on the reliance of the mining industry, China’s output and a property bubble that is a prick or two away from popping.

Pay attention this week, to the Reserve Bank of Australia’s rate statement, cash rate and monetary policy statement.

As the global outlook continues to weaken don’t be surprised if the Aussie’s cut the cash rate.

There are rumblings, within economic circles, that the Aussie is overvalued. Some of those in the circle are also buying into the idea that the Kiwi (NZD) may follow the fate of the Aussie and that further depreciation is on the horizon for both currencies.

The way we see it, is that although the Kiwi is a commodity laden currency, the strength in its export muscle will override global weakness. A continuing demand for their exports will have them treading water while the Aussie looks to be flailing for a life saver.

Perk your ears up for this week’s speech by Reserve Bank of New Zealand‘s Governor Wheeler. The markets for your Kiwi pairings will be on the move as the verbiage is dissected on what direction the reserve bank will take moving forward.

Other major releases this week for the Aussie, besides the RBA’s Rate Statement, Cash Rate and Monetary Policy Statement, include:

Month over month Building Approvals, Trade Balance and month over month Retail Sales.

For the Kiwi (NZD) – Along with the Governor Wheeler’s speech major releases include:

Global Dairy Trade Price Index, quarter over quarter Employment Change and Unemployment Rate.

Onto the Euro we go – Spanish Unemployment Change and month over month German Factory Orders.

With rising tension between euro zone economies, led by the demands of the new political regime in Greece, and its anti-austerity sentiment, the German guard will be clenching their teeth as growth comes to a grinding halt. The possibility of a collapsing euro will have the currency flailing to keep itself from sinking deeper into the abyss.

For the Sterling (GBP) – The release of Manufacturing, Construction and Services PMI, Official Bank Rate and Monetary Policy Committee (MPC) Rate Statement.

The UK appears it will keep the rate steady as the surrounding euro zone continues to be on shaky ground with no signs of solid footing.

The Loonie (CAD) – Trade Balance , month over month Building Permits, Employment Change and Unemployment Rate.

The major release to focus on for your Loonie pairings will be the employment data. Will the plunge in oil prices start to rear its ugly head on the employment numbers? Any sign of weakening employment will have a volatile impact on the Loonie . Remnants of “cheap oil” will weigh heavily on the currency.

For the USD – ISM Manufacturing and NON-Manufacturing PMI, ADP Non-Farm Employment Change, Trade Balance, Unemployment Claims and Unemployment Rate.

With a cautiously optimistic Federal Reserve and a continuing stream of overall positive economic data,  it may have the hawks with “ants in their pants” even as patience wears thin in the coming month’s. But for those that hold fast to the strength of the U.S. economy, can look to bolster their accounts with a colony of cash that would make any worker ant happy to make binary options and forex trading their way of life.

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