2014-04-30 12:50:38 - - Fundamental indicators give cause for optimism for U.S. jobseekers
- Traders receive live analysis of event in group trading sessions
Investors worldwide are preparing for the Non-Farm Payroll data which will be released on Friday 2nd May 2014. The event typically moves the dollar in a clear ‘up’ or ‘down’ direction, making it popular with binary option traders.
Certified Investment Analyst at Banc De Binary, Lauren Carmouche, expects Friday’s NFP to yield positive results. Carmouche explains, “The U.S economy appears to be entering a sustainable recovery with inflation coming closer to target. Projected economic growth is set to increase by 1.4% over the next three months, and on Thursday, we saw the release of unemployment claims data with 24,000 claims added to the previous week. All signs are pointing to positive results. We are watching the ADP Payrolls report and
the Purchasing Manager’s index data this week to confirm our predictions ahead of Friday’s big market-moving event.”
However, for Carmouche, monitoring the event as it unfolds is as important as the forecast. Regardless of whether the data is positive or negative, binary option traders can profit if they are able to respond quickly to the markets and place trades in the correct direction as soon as data is released. Banc De Binary has implemented live trading groups to serve this purpose. CySEC-certified Investment Analysts are licensed to offer signals on the EUR/USD and other related assets such as Gold.
Says Banc De Binary Senior Account Manager, Daniel Clay, “This event is a monthly highlight for our customers. Banc De Binary prepares traders for all possible scenarios beforehand, and then as the data is released, clients receive instantaneous feedback on the markets and live commentaries. The clients love to be a part of the action, and with expert help, they are able to execute their own trades.”
Last month a record number of clients took part in the live NFP trading groups. Praising the initiative, a client wrote in to the company, “This is the second time I have traded the EUR/USD during the NFP with the guidance of Mr Clay. If he can repeat this every month, it would be great.” Thanks to the success, Banc De Binary expects the number of participants to increase again for the coming NFP on Friday.
About Banc De Binary: Banc De Binary was founded in 2009 in the aftermath of the financial crisis, and has quickly become the global leader in binary options trading. It has more than 200,000 client accounts worldwide and offers trading on 200 stocks, currencies, commodities and indices.
Regulation: Banc De Binary is a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license no. 188/13 and is registered with such global regulatory authorities as the FSA, FSB and other EEA financial licensing bodies.
Press Contact: Sophie May, Head of Investor Relations at Banc De Binary, email@example.com