Week Ahead 28th April – 2nd May

 

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The last week provided mixed fortunes for the markets. In the US data was quite mixed with U.S. durable goods orders climbing, jobless claims disappointing and new home sales plunged. In the U.K. there was an unexpected fall in the unemployment rate which dropped below the 7.0% level sending the pound to 4 year highs against the U.S. dollar. In the euro-zone region there was encouraging data from Germany in the form of flash manufacturing and services PMI’s and IFO business climate index. Earnings season is now in top gear and tech stocks have been the centre of attention with both Apple and Facebook pleasing investors but main disappointment was Amazon as they said they would make an operating loss in the 2nd Quarter. Weighing on global markets at the end of the week was an escalation in tensions in the Ukraine region with the ongoing tensions not going away quickly despite an agreement from all parties to de-escalate the situation.

The week ahead is a busy one for traders and investors with a host of important economic data due out for all regions of the globe culminating in the U.S. non-farm payrolls on Friday. On the earnings front another busy week is due with reports in the U.S. due from around a quarter of the companies making up the S&P 500.

 

Below is the main economic data expected for the coming week.

Monday 28th April

March U.S. Pending home sales data

April Dallas Fed manufacturing index

Tuesday 29th April

Q1 UK for preliminary GDP data

April German CPI

February US S&P/Case-Shiller housing index, Feb

Wednesday 30th April

March Japanese industrial production

April German unemployment

April Euro-zone CPI

April U.S. ADP employment report

Q1 U.S. GDP

April Chicago PMI

Federal Reserve FOMC monthly

Thursday 1st May

April Chinese manufacturing PMI

U.S. weekly initial jobless claims.

Friday 2nd May

April French manufacturing PMI

April German manufacturing PMI

April Euro-zone manufacturing PMI

April UK construction PMI

March Euro-zone unemployment

April U.S. Non-farm payrolls

 

The week ahead

 

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Last week was a shortened trading week, with all major markets closed for the Easter holiday and Markets in Australia, New Zealand, the U.K. and the euro zone will remained on closed on Monday for Easter Monday. Concerns over the crisis in eastern Ukraine eased on Thursday following agreement between Russia, Ukraine, the U.S. and the European Union to take all possible steps to “de-escalate”. In the U.S. the dollar gained a boost following the release of better than expected U.S. manufacturing and employment data which gave some confidence in the strength of the underlying economy. In the U.K. the Pound soared on news that the unemployment rate had dropped to 6.9% far better than any estimates and raises the prospect of interest rates being raised sooner than had been previously expected. For the week ahead investors will be focusing on some important data which is due out from around the major markets of particular note a will be the U.S housing data, Chinese manufacturing data and retail sales from the U.K.

Monday, April 21
Australian, New Zealand, the U.K. and the euro zone markets closed for Easter Monday. Japanese trade balance.

Tuesday, April 22
Australian leading economic indicators index. Canadian wholesale sales. U.S. private sector data on existing home sales.

Wednesday, April 23
Australian consumer price inflation. HSBC Chinese preliminary estimate of the manufacturing index. Euro zone preliminary data on manufacturing and service sector activity, with reports from Germany and France. U.K. public sector borrowing, Bank of England minutes from its April meeting as well as industrial order expectations. Canadian retail sales U.S. new home sales and manufacturing activity.

Thursday, April 24
The Reserve Bank of New Zealand is to announce its benchmark interest rate and publish its rate statement. German Ifo report on business climate. ECB President Mario Draghi is to speak at an event in Amsterdam. The U.S. durable goods orders, weekly initial jobless claims.

Friday, April 25
Markets in Australia and New Zealand will be closed for the Anzac Day holiday. Japanese consumer inflation. The U.K. retail sales. The U.S. consumer sentiment index.

Binary Options Indicators

 

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Binary option indicators are really no different to the indicators that are being used on trading floors and brokerage firms around the globe. These trading indicators are not a new gimmick it is just that in the past they have only been used by professional traders in brokerage firms but with the close correlation between traditional financial trading and binary option trading the principle of indicators works in exactly the same manner. There are numerous types of indicators and they work on different fundamentals such as moving averages and volumes, whilst others look at specific patterns that show in charts. However to see patterns with charts or see the moving average for an asset, there is a need for a decent charting package and that is what most if not all binary option platforms just don’t provide. See our article on binary option charts

 

Common Binary Options Indicators include

  • Bollinger Bands – bands that are placed above and below a moving average
  • Chart Patterns – Double Bottoms, Double Top, Head and Shoulders patterns
  • Moving Averages – Can tell a trader when a short term change in price direction is imminent
  • Volume – Shows how much and how often a stock or asset is being traded which can be  linked to price movements

Most serious traders will utilise a secondary charting programme that they use in conjunction with their binary option brokers platform. There are a number of charting options available and the three we mentioned in our article above are all top quality and are used by many professional traders. If you haven’t looked at a decent chart before pick anyone of the three we mention Here and compare against the charts that the platform that you use provides and you will immediately see the difference.

 

Whats due in the week ahead that could impact the markets?

 

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The past trading week has been a difficult one for markets and traders across markets with the main indices suffering large drops over the week. The German DAX lost 3.9%, the U.K. FTSE 100 lost 2.0% and the French CAC 40 was down 2.7% and the pan European Stoxx 600 index was down 3.1%. The global slump started with the technology shares which spread into U.S. equities as concerns grew that valuations were becoming stretched as earning season approached. In the U.S. S&P 500 dropped 2.6% for the week erasing its gain on the current year. The Nasdaq Composite dropped 3.1% and the Dow Jones dropped 2.4% on the week. During the week the Federal Reserve eased concerns around the timing of any rise in interest rates which provided a small rest bite in the market for a few days only for the selling to resume amid signs of weaker earnings.

In the coming week there is a raft of economic data to be release from around the globe which have the potential to influence local and global markets and in this time of extra volatility in global markets there are bound to be some surprises to keep investors and traders on their toes. The week starts with Retail Sales in the U.S. for March where expectations are for a continued improvement with a gain of 0.8% forecast.

Tuesday brings inflation data in the U.K., in February inflation fell to a four year low of 1.7%, inflation is expected to ease slightly again to 1.6% on an annual basis which would be the sixth consecutive monthly decrease. In Europe the important German ZEW economic sentiment index is due, the index has been easier for the last three months with the latest in March coming in at 46.6 over 6 points below estimates, for April the index is expected to decrease again to 46.3. U.S. inflation data due out is expected to show an increase of 0.1% month over month and 1.5% on an annual basis. The Federal Chair Janet Yellon is due to speak and there could be comments out on tapering which could cause some excitement in the market.

Wednesday brings a potential market mover in the form of the Chinese GDP number, there has been talk that if the Chinese growth situation continues to weaken the Chinese Government would step in to stimulate growth, growth is expected to have slowed again from the 7.7% recorded in Q4 2013 and 7.3% is expected. In the U.K. unemployment data is due with the number of people claiming unemployment expected to decline by just over 30,000 with the unemployment rate expected to remain at 7.2%. In Canada the interest rate is expected to remain the same at 1.00%.

Thursday in the U.S. sees unemployment claims released, last week the number dropped to its lowest level in 5 months at 300,000 a drop of 32,000, the number is expected to increase this week to 316,000. The Philadelphia manufacturing index is expected to improve again to 9.6 points following a jump to 9 points in March from -6.3 in February.

Dear Binary Options Brokers, Don’t Call Us, We’ll Call You

 

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Signing up for a binary options broker should be a relatively hassle free procedure after all you have made your choice, hopefully after doing your own research on the broker and reviewing their website and checking what they have to offer. Hassle free it certainly is as far as the simplicity of signing up but no sooner have you hit the enter button your phone is ringing and yes it’s the broker on the phone trying to tempt you to instantly deposit funds.

Are they really that desperate to get your hard earned money and so desperate they offer what seems an unbelievable initial bonus which just happens to be wrapped in terms such X20, X30, or higher trade volume which is not worth a single penny to the 99.9% of new sign ups? After all if it was going to cost the broker money why would they make what seems such a generous offer.

On the phone they are mainly polite and professional as you would expect, after all they are after you to deposit money, however I do object to be calling ‘Mate’ on the first call! After all I do not know them and they don’t know me so how can I be a mate? Then the emails start, offering you ever increasing bonuses on your initial deposit, that is if you deposit an amount which is larger than the minimum. In my personal view it’s like walking into a shop, if the sales person comes straight over and starts trying to sell me something, I walk out, if I have a question I will ask for help and that should be the same for brokers.

All the brokers provide multiple communication channels and if I need something I will make contact, I don’t need or want it rammed down my throat. I am not against the odd email after all it a business and they are entitled to let their clients old and new know if they have promotions etc. but every day is a joke. In my view if I get the high pressure sales treatment to deposit funds then that broker is not for me. What would be good and in an ideal world would be an option on sign up ‘Please don’t contact me by phone’. Now not all brokers work on this basis but a majority do and the more congested the world of binary options become I guess this will only get worse.

The Week Ahead

 

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After a busy week on the economic data front, the upcoming week is some what quieter, in week that just passed there was some slightly weaker than expected U.S. non farm payroll data released on Friday  which showed 192,000 jobs were added in March, a number that shows that U.S. economic recovery is on track but not as robust as some would like, a stronger gain was expected following the harsh winter weather which dented job growth at the beginning of the year. In Europe the lack of a strong recovery is prompting the ECB to contemplate adding in extra stimulus measures to try and stave of the the possible threat of deflation in the euro-zone region. The U.K. which has seen recent robust growth across all sectors see’s a slowdown in the rate of growth as the last set of PMI data dissapoints and finally in Canada there was a robust set of employment data.

The week ahead is much quieter on the data front but there will still be plenty of news to keep traders alert and on their toes. In the U.K. the monthly interest rate decision which is expected to show no change and Industrial production data for February and the headlines. In the U.S there is the FOMC meeting minutes on Wednesday and the University of Michigan consumer sentiment on Friday. The euro-zone has a quiet week but all attention will be on the news from the previous week where the ECB are looking at additional stimulus measures and any news or romours on this is likely to cause some volatility. In Asia there are some imprtant releases with Australian jobs data due on Thursday and economic data from China on Friday which is bound to draw attention.

Binary options platforms offer poor excuses for charts

 

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Most if not all binary option brokers offer poor excuses for charts and any professional or seasoned trader will tell you this. They offer none of the functionality required to able to fully see what the underlying assets price performance has been over a specified time period, they are simply a live streaming price plotted. Binary option broker charts do not offer any of the fundamental tools that are required to carry out proper technical analysis due to their simplicity and don’t offer such options as Candlestick Charts, Indicators, Extended Asset Timeline or the option to upload Technical Analysis Indicators that are provided with charting software and on certain websites. There are numerous sites out there that offer complete charting packages, some of them have a cost associated with them but there are equally as good free charts available.

Below are a few of the free offerings that are available which are head and shoulders above what binary option platforms provide.

 

Free Stock Charts

FreeStockCharts.com is the ideal live charting website for binary option traders  who are looking for detailed charts for practically any asset that is traded on a  market. They offer a wide range of indicators that you won’t find available on  other free sites.

 

 

 

 

 

 

 

FX empire chart

FXEmpire.com offer all the popular indicators and Candlesticks Charts, you can view all 4 asset groups traded on binary options platforms. They are one of the largest and best financial portals in the world and provide daily financial news professional trading tools and industry news.

 

 

 

 

 
Trading view

TradingView.com as well as offering a comprehensive charting package it also provides traders with the ability to exchange trading ideas in real time, using real live charts. This solution allows traders to share live charts and post annotations directly on the charts, making it a great tool for both beginners and expert traders.

Double up with MarketsWorld.Com

 

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MarketsWorld.com the leading Isle of Man regulated binary options provider launches a new promotion for the month April aimed at any client who has taken advantage of their unlimited demo account facility. During the month of April if you upgrade your account to a live trading account they will double their normal first deposit bonus.
MarketsWorld.com already offer a 100% cash match bonus as standard on the first deposit and a £50 risk free first trade (so even if your first trade should finish out the money you will get up to £50 refunded back to your account.)
During April MarketsWorld.com will DOUBLE their 100% cash match bonus to 200% on your initial deposit up to $300 / £200 / €200.
This means that if you:
Deposit $100 and you’ll receive $200 Cash Match!
Deposit $200 and you’ll receive $400 Cash Match!
Deposit $300 and you’ll receive $600 Cash Match!

To take advantage of the 200% Cash Match Bonus you’ll need to upgrade and deposit to your account within the month of April.”

Normal MarketsWorld terms and conditions apply to all bonuses.