A busy day for binary options traders who can take advantage of a lot of market movement off the back of today’s economic events and announcements. Traders to specifically keep an eye on the EURO and the USD.
The EUR is at a 14 month high against the USD pushed by the positive sentiment that the EuroZone is finally reaching stability. The EURUSD reached a high of 1.3563 during Wednesday trading and then stabilized at 1.3544. The EUR found balance after the ECB announcement that banks across Europe will pay back the 3 year emergency loans before maturation.
Events to look out for in the US include US 4th GDP quarter growth and the Federal Bank’s policy meeting late Wednesday. A busy day, specifically the FOMC meeting which will not feature Bernanke. US employment report for Q4 GDP ECB to have its 3 month LTRO auction. It’s believed United States Central Bank will reconfirm its easing programme until the US unemployment reaches below 6.5%.
Asian stocks reached a 17 month high, its highest since August 2011.The Nikkei 225 Stock Av. rose 2.25 percent aiming for its highest high since April 2910. While the Hang Seng rose 0.87%. EUR also reached a 33 month high against the YEN. Shanghai Composite increased 20% over past 7 week, latest increase of 0.10%
Keep an eye on the Eurozone with the retail PMI and then mortgages in UK. Then both Italian and German bond auctions. GBP is still weak. The EURGBP is currently at 0.8570