Cheers or jeer’s this holiday season…
This is your binary option and forex video news update for November 30th through December 4th, 2015.
Last week’s data showed that the Euro may not yet be “out of the woods” on future easing from the ECB, but it appears that some of the implementation of Q.E. is starting to take hold. The deliberate weakness perspective from ECB President Draghi will continue to make strides towards getting the inflation number back to respectability. In the meantime, will the Euro take a beat down on the road to parity?
The Fed’s are leading everyone to believe that there are no foreseeable barriers to interest rate lift off for their December 16th meeting. If the rate hike is imminent, is there anything on the horizon that is going to create a monumental roadblock from lift off?
As if a December Fed rate hike is a foregone conclusion, will we see a transitional period for the Euro against the USD after the Fed announcement? All the downward pressure on the Euro has it pointing towards parity. But don’t be surprised to see the Euro take a swig of the spiked egg nog that may have it flying high, although temporarily, to a level around 1.08. Holiday cheer for the USD may have a short stint of sobering reality as it will find itself having to shake off the “blues” of the season when things come to fruition.
This is one of the most active and important week of releases for the year. Let’s highlight what’s on tap, but check out our news event calendar for a complete look at the slew of releases that will hit the market:
OPEC will meet at the end of the week as oil prices continue their tumble. They will press forward with their agenda to let the market dictate prices as they start to find creeping success in terms of market share. A glutton of inventory looks to have oil prices down in the doldrums before any bounce back can emerge.
On the Asian market forefront: For the Aussie we’ll have market action from Stevens and the RBA as we anticipate they’ll leave rates alone for now, but have revealing words as to what lies ahead. With heavy reliance on China’s economy, we’ll see the Aussies’ response to the Yuan’s PMI numbers and its introduction to the IMF currency basket.
For the Euro, it appears that Draghi will provide perspective on fresh proposals in his next step on the Q.E. path.
The Loonie has it’s own set of circumstances to deal with, as the drag on oil prices and commodity pricing will have the BOC contemplating and hinting at a move for the early part of 2016.
For the USD, the last employment numbers before the December 16th Fed meeting, barring catastrophe, will solidify the launch on interest rates. Fed Chair Yellen’s speaking engagements for the week will pave the way for final market pricing that will settle the issue.
We’re almost at the end of the year and with the holidays quickly approaching, is it time to cheer or jeer at what is coming for the currency and commodity markets. The signals are in and it’s always time to cheer. Why? Because with your Small Money Made Big winning trading systems, and all the market action forthcoming, you will be bound with confidence to cash in on profits that will have your pockets full of holiday cheer!