June 24, 2013 - Binary Options Daily Analysis
The dollar is a favorite today!
Traders prefer the dollar and the euro against other currencies Monday.
Asian stocks significantly lower after Friday's rally on Wall Street.
Crude oil was one of the weakest of the goods in the early morning trade due to the much stronger dollar - inidicating, we want a place to put the position in trading binary options.
Home Today's events:
Euros to release a lot of important economic data in the next few hours of trading this Monday
4:00 GMT NZD Credit Card Spending y / y - Change in total expenditures contributed to the credit card. This correlates with consumer spending and confidence - increasing debt levels are a sign that lenders are comfortable lending, and that consumers are confident about their financial situation and seek to spend the money.
9:00 GMT EUR German business climate IFO - The level of a composite index based on surveyed manufacturers, builders, wholesalers and retailers. This survey is highly respected due to its large sample size and the historical correlation with the German and wider Eurozone economic conditions. It aims to create a huge impact on the market after release. Source series has changed from the base 2000 to base 2005 as of May 2011. Survey of about 7,000 companies that asks respondents to rate the relative level of current business conditions and expectations for the next six months.
14:00 GMT EUR Belgium NBB Business Climate - the level of a composite index based on surveyed manufacturers, builders, service and trading companies. It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.
