Here is our round-up of the key trading events for the 3rd to the 7th of February. Don’t forget to visit our YouTube channel for more market analysis.
https://www.youtube.com/BancDeBinary
[Note: All times stated are GMT]
Monday
The trading week gets underway with an early release from Canberra at 12:30, with Australian Building Approvals figures. The Aussie construction sector will be looking for a reverse to the negative postings we saw in December and January.
At 9:30, a Manufacturing PMI report from Markit comes out from the U.K., and we close the day at 15:00 with more factory output data, this time from the U.S, with the result of the Institute for Supply Management’s monthly survey of Purchasing Managers.
Tuesday
For traders of the Aussie dollar, the day begins early at 03:30 with the Reserve Bank of Australia’s cash rate for February. Australian consumer prices rose by a surprising 0.8% in the last quarter of 2013, so a further cut in interest rates highly unlikely this week.
At 09:30 we move to London for another PMI report from Markit - U.K. Construction PMI. A relatively quiet morning and afternoon follows with nothing of real significance until 21:45 when out comes the release of labour figures from New Zealand, with both quarterly Employment change and the Unemployment rate for December 2013.
Wednesday
No Australian releases on Wednesday, so the trading day gets started at 9:30 in the morning, with U.K. Services PMI. Following that comes the ADP Non-Farm Employment Change estimate at 13:15, followed by Canadian Building Permits at 13:30. The day comes to a close back in the U.S. with the Institute for Supply Management’s Non-Manufacturing PMI for January at 15:00.
Thursday
Another early release from Canberra – an important one – at 12:30 with the Australian Trade Balance. This always tends to generate multiple opportunities for binary options traders simply because of the historical inaccuracy of the analysts’ forecasts.
In the afternoon we continue with international Trade data with U.S. and Canadian Trade Balances for December both out at 13:30. While these simultaneous releases can open up decent opportunities on the Loonie, keep an eye on the euro/dollar as U.S. Unemployment Claims figures are also scheduled for release at 13:30.
Friday
The first Friday of the month brings us Employment Change figures and the Unemployment Rate for Canada, the U.S. Unemployment Rate and, of course, Non-Farm Payrolls.