Binary Options Trading analysis written by David Frank - BinaryOptionStrategy
ECONOMIC NEWS
Credit rating agency Fitch told the Euro zone it thinks a comprehensive solution to the bloc’s debt crisis is beyond reach, as it put an number of the zone’s economies including France and Italy on watch for potential downgrades.
However, Fitch did reaffirm France’s top-notch triple-A rating but even here said the outlook was now negative over a longer term.
US consumer prices were flat in November as Americans paid less for cars and gasoline. This could be a further sign of a cooldown in inflation that could give the Federal Reserve more room to help a still weak economy. The Consumer Price Index was unchanged last month. Economists had expected an increase of 0.1 percent.
Prices rose 3.4 percent in the 12 months through November. That is off from the 3-year high of 3.9 percent clocked in September, and Friday’s report backs the view that the spike in inflation is ebbing. However, some of the data in the report could give pause to policymakers still worried about inflation. Outside food and energy, prices climbed 0.2 percent. These so called core prices rose 2.2 percent in the 12 months through November, up from 2.1 percent in October.
THE WEEK AHEAD
Dec 19: NAHB Housing Market Index
Dec 20: Housing Starts Nov, Building Permits
Dec 21: MBA Mortgage Index, Existing Home Sales, Crude Inventories
Dec 22: Initial Claims, Continuing Claims, GDP – Third Estimate. GDP Deflator – Third Estimate, Michigan Sentiment – Final, Leading Indicators, FHFA Housing Price Index
Dec 23: Durable Orders. Durable Goods Orders -ex Transportation, Personal Income, Personal Spending, PCE Prices – Core, New Home Sales
ECONOMIC NEWS
Credit rating agency Fitch told the Euro zone it thinks a comprehensive solution to the bloc’s debt crisis is beyond reach, as it put an number of the zone’s economies including France and Italy on watch for potential downgrades.
However, Fitch did reaffirm France’s top-notch triple-A rating but even here said the outlook was now negative over a longer term.
US consumer prices were flat in November as Americans paid less for cars and gasoline. This could be a further sign of a cooldown in inflation that could give the Federal Reserve more room to help a still weak economy. The Consumer Price Index was unchanged last month. Economists had expected an increase of 0.1 percent.
Prices rose 3.4 percent in the 12 months through November. That is off from the 3-year high of 3.9 percent clocked in September, and Friday’s report backs the view that the spike in inflation is ebbing. However, some of the data in the report could give pause to policymakers still worried about inflation. Outside food and energy, prices climbed 0.2 percent. These so called core prices rose 2.2 percent in the 12 months through November, up from 2.1 percent in October.
THE WEEK AHEAD
Dec 19: NAHB Housing Market Index
Dec 20: Housing Starts Nov, Building Permits
Dec 21: MBA Mortgage Index, Existing Home Sales, Crude Inventories
Dec 22: Initial Claims, Continuing Claims, GDP – Third Estimate. GDP Deflator – Third Estimate, Michigan Sentiment – Final, Leading Indicators, FHFA Housing Price Index
Dec 23: Durable Orders. Durable Goods Orders -ex Transportation, Personal Income, Personal Spending, PCE Prices – Core, New Home Sales