Daily Market Review 28-12-2016

Daily Binary Trading Market News for Wednesday December 28, 2016 Good morning and seasons greetings. Thank you for joining us for today's Stern Options market outlook on Wednesday the 28th of December. Currency Pairs Updates The weak trading volumes appear clearly on the market and are expected to continue as the major currencies pairs and commodities fluctuate within tight ranges. Traders of the US dollar/ UK pound pair would likely want to avoid calling this a bearish set up until a stained break of support in the vicinity of 1.22 is seen. The fundamental support of rising yields in the US as Japan's 10-year remains pegged near zero percent helps push the US dollar/ Japanese yen pair higher. The bearish trend in the US dollar/ Australian dollar pair is expected for today unless breaching 0.7329 level and holding above it. Global Financial News Next year is shaping up to be a much better one for the Russian Federation as industrial production rises leading to expectations of economic expansion for 2017. Brexit is expected to send the UK economy tumbling down in the world economic league table. Worrying new analysis shows France is expected to overtake the UK while Brazil and India continue to rise as economic powers. Unpromising KOF economic barometer numbers released Friday showing that the index remained at 102.0 in December have weighed on the Swiss franc sentiment, helping to boost the American greenback. The KOF economic barometer is a complex composite index based on up to 20 different individual indicators over several different steps. The Union Bank of Switzerland (UBS) consumption indicator will be released at 7:00 GMT. It is one of the most important components of the Swiss GDP. US Pending Home Sales data will be released at 15:00 GMT. It will include information on pending home sales contract activity which is an important indicator of future consumer spending trends. At 23:50 GMT the Bank of Japan (BoJ) summary of opinions will be released. The report includes the BoJ’s projection for inflation and economic growth. Japan's foreign bond investment data will also be released at 23:50 GMT which provides data on the securities investments made in the domestic market by a foreign entity in domestic currency. Thank you for watching and come join us again tomorrow for our next daily market outlook. Until then be sure to log into https://www.sternoptions.com/ for all of your trading needs. From all of us here at Stern you wish you happy holidays.