July 4, 2013 - Binary Options Daily News
Euro falls as investors await the ECB rate decision. The political situation in Portugal just destabilize the Euro-zone and wide fear of another insolvent country after Greece. Speech by Mario Draghi, who is scheduled for 12:30 (GMT) usually peace movement and can have a positive impact on the euro.
Crude oil prices jumped above $ 100/barrel as the situation in Egypt got worse. Today the situation is calm and the price is falling again.
Today's main events:
09:00 GMT EUR gross domestic product (GDP), the sum of the market value of all officially recognized final goods and services added in a country in a given period. It is the broadest measure of economic activity and one of the primary indicators of the economy's health.
11:00 GMT GBP interst rate decision - decision where to set interest rates. Forecast is to leave it unchanged at 0.50%.
11:00 GMT USD QE decision - Bank of England electronically creates new money and uses it to buy gilts from private investors such as pension funds and insurance companies companies. higher than expected reading should be taken as negative / bearish for the GBP, while a lower than expected reading should be taken as positive / bullish for the GBP.
11:45 GMT EUR Interest rate decision - decision where to set interest rates. Forecast is to leave it unchanged at 0.50%.
