Binary Options Trading analysis written by David Frank - BinaryOptionStrategy
ECONOMIC NEWS
The US Congress approved a two month extension of a payroll tax cut for 160 million workers that would have expired on December 31. The resolution, if only temporary, removes a market headwind that investors said could have hit growth next year.
New US single family home sales rose to a seven month high in November and the supply of houses on the market was the lowest in 5-1/2 years. The data added to signs of a budding recovery in the sector.
Earlier, consumer spending and personal income rose by a modest 0.1 percent in November, which was below market expectations, while the headline 3.8 percent increase in durable goods orders last month masked a decline in a crucial investment measure.
THE WEEK AHEAD
Dec 27 Case-Shiller 20-city Index
Dec 27 Consumer Confidence
Dec 28 MBA Mortgage Index
Dec 29 Continuing Claims, Chicago PMI, Pending Home Sales, Crude Inventories
Dec 30 Chicago PMI
ECONOMIC NEWS
The US Congress approved a two month extension of a payroll tax cut for 160 million workers that would have expired on December 31. The resolution, if only temporary, removes a market headwind that investors said could have hit growth next year.
New US single family home sales rose to a seven month high in November and the supply of houses on the market was the lowest in 5-1/2 years. The data added to signs of a budding recovery in the sector.
Earlier, consumer spending and personal income rose by a modest 0.1 percent in November, which was below market expectations, while the headline 3.8 percent increase in durable goods orders last month masked a decline in a crucial investment measure.
THE WEEK AHEAD
Dec 27 Case-Shiller 20-city Index
Dec 27 Consumer Confidence
Dec 28 MBA Mortgage Index
Dec 29 Continuing Claims, Chicago PMI, Pending Home Sales, Crude Inventories
Dec 30 Chicago PMI