June 20, 2013 - Binary Options Daily Analysis
Most goods are heavy!
Dollar currency to buy today because investors believe that the previous losses were exaggerated. Shares dipped in Asia this morning, after the loss that we have seen on Wall Street yesterday. Crude oil and other leading products in low demand in the current round of trade binary options.
Home Today's events:
U.S. housing data to follow
7:00 GMT EUR German PPI m / m - Change in the price of goods sold by manufacturers. It is a leading indicator of consumer inflation - when producers charge more for goods the higher costs are usually passed to the consumer.
8:30 GMT EUR Libor Rate - the interest rate in London for 3-month deposits Swiss franka.SNB usually announces a target range of Libor, and is considered to be the middle of the target, if not otherwise stated. Short-term interest rates are a major factor in the value of currency - traders look at most other indicators merely to predict how rates will change in the future. SNB Governing Board members come to a consensus on where to set the target range for the rate.
9:30 GMT GBP Retail Sales m / m - Change in the total value of inflation-adjusted sales at the retail level. It's a leading indicator of consumer spending, which accounted for the majority of overall economic activity.
15:00 GMT USD Pending Home Sales - the annual number of residential buildings that were sold during the previous month, with the exception of new construction. This is a leading indicator of economic health because the sale of the house causing widespread ripple effect. For example, the reconstruction made by the new owners, mortgages sold to bank financing, and brokers are paid to perform the operation.
