Binary Options News Overview: August 31st

BinaryOptionsNow | Published on August 31, 2011 at 9:20 am

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Swiss Franc Back On The Rise

The Swiss Franc has strengthened against the Dollar and the Euro as possible signs of a faltering European economy increase fears of a double dip recession.

The Euro zone’s July unemployment rate has been clocked at 9.9% for the 5th month running and a high probability of another round of quantitative easing to help the faltering US economy has been suggested after Bernanke’s post Federal Reserve speech. All of which combines to provide a pessimistic outlook for the condition of the global economy, providing greater investor appetite in the safe haven currency of the Swiss Franc.

How will this week’s continued fear effect the Swiss Franc?

 

Carrefour Suffers 15% Slump In Earnings

The world’s second-largest retailer, Carrefour, is the latest victim of the current global economic crisis as it has reduced its forecast earning for the year by 15%.

The France-based giant, initially predicted a growth in overall earnings for 2011 at the beginning of the year. However, with a large slump in demand within the French market, analysts are predicting an 11% drop in profit, down to €2.4 billion.

Will the current state of the Euro zone prove the analysts right, or will Carrefour beat the forecast in the run-up to Christmas?

 

FTSE On Track For Second Day Of Growth

The FTSE is on track for a second days worth of growth, as the US announces it is clearing the way for more quantative easing to help kick start their faltering economy.

This comes as a welcome change as the UK big-cap index has slumped 8.9% through the month of August, wiping of £400billion in value, the biggest monthly drop since October 2008.

As a main trading partner many within the UK will be hoping the influx of cash into the worlds biggest economy will create a ‘trickle-down’ affect and help stimulate UK business.

How will the next round of quantitative easing effect the FTSE 100?

Trade Indices with Optionfire

Source: OptionFire

 

 

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