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Will U.K. GDP this Wednesday continue to rally? Banc De Binary’s Week Ahead Report lets traders know what you need to watch out for!

Here is our round-up of the key trading events for the 24th to the 28th of February. The week has a limited amount of notable indicators, but they are of upmost importance, so keep a close eye on the events below.

[Note: All times stated are GMT]


The first tradable event of the week gets underway at 9:00 in the morning, with the IFO’s monthly German Business Climate Index. Last month’s reading of 110.6 was the highest since July 2011, and continued the theme of growing optimism we saw in 2013. At 10:00, we have more economic indicators from Europe: Consumer Price data from the Eurozone. ECB President Mario Draghi’s 2% inflation target still seems a somewhat distant dream, with prices continuing to stagnate since a post-crisis peak of 1.7% in August 2012.


Today there is only one key event for binary options investors: Inflation Report Hearings. In the morning Bank of England Governor Mark Carney and other MPC members will testify before the Treasury Committee on inflation and the economic outlook for the U.K. These quarterly hearings always generate opportunities on the Sterling crosses, so traders are advised to click over to the Bank of England’s website at 10:00 where they can listen to events as they unfold.


We start off in the U.K. today with Second Estimate GDP quarterly report out at 9:30. The U.K.’s gross domestic product has rallied quarter on quarter since Q4 2012, and this is expected to continue today. However, the real opportunity is likely to present itself the next time this data is released later in the year. The epicenter of the recent heavy storms and floods that have devastated parts of the U.K. in recent weeks was around the Thames Valley and the M4 corridor; these areas are the U.K.'s "economic heartland", and account for about 13 percent of the national economy. So, even if Q1 data fails to surprise, be ready for an opportunity to place a put option on Sterling in May.

On Wednesday afternoon traders get their first taste of tradable data from the U.S. That’s New Home Sales at 15:00. New home sales dropped more than forecast in December, with unseasonably cold weather shouldering much of the blame in the financial news media. However, with prices continuing to rise along with interest rates, Banc De Binary investment analysts are starting to think there’s more to this story than chilly weather.


Only a couple of important releases today, including Core Durable Goods Orders and Unemployment Claims - both from the U.S. at 13:30.


No noteworthy events this morning, so our first tradable data comes in the afternoon with U.S. GDP figures at 13:30. This should open up a decent opportunity on USD/CAD, as Ottawa is set to release its national GDP figures at the same time.

For more information and market news, please visit Banc De Binary’s website:

Monday, 24 Feb, 2014 / 6:47

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