Weekly Binary Options Fundamental Analysis & The Week Ahead

SamTrader1

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To read the Weekly technical report click here

ECONOMIC NEWS

GOP lawmakers said the House of Representatives is to vote next week on a plan to raise debt ceiling with equal cuts. Five rounds of talks this week still produced no agreement with the talks likely to resume over the weekend.

The gauge of manufacturing in New York State showed the sector unexpectedly contracted for the second month in a row. Meanwhile, US consumer prices fell slightly more than expected in June to post their biggest drop in a year on weak gasoline costs. Industrial production rose in June for the first time in three months, on a jump in utilities and mining output.



THE WEEK AHEAD


MONDAY: Treasury international capital, housing market index; Earnings from Halliburton and IBM

TUESDAY: Housing starts, Fed’s Hoenig speaks; Earnings from BofA, Coca-Cola, Goldman Sachs, J&J, Wells Fargo, Apple and Yahoo

WEDNESDAY: Weekly mortgage apps, existing home sales, oil inventories; Earnings from Altria, United Tech, Abbott Labs, Blackrock, AmEx, Intel, Qualcomm and Ebay

THURSDAY: Weekly jobless claims, Philadelhia Fed survey, money supply; Earnings from AT&T, Morgan Stanley, Nokia, PepsiCo, Freeport McMoran, Travelers, Mircrosoft, AMD and SanDisk

FRIDAY: No major economic data news expected; Earnings from Caterpillar, GE, McDonald’s, Schlumberger, Verizon, Honeywell

Binary Options analysis written by David Frank.
 
 
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