Market News Briefing – Aug 17th 2016 09:30 (GMT+1)


The UK unemployment figures were surprisingly good

The number seeking unemployment benefits fell by 8,600 people in July, the month following the vote on the UK exit from European Union.
The number of unemployed fell by 52 thousand in the quarter ended in June, to -1.64 million.
This is the lowest figure since the beginning of 2008,

The unemployment rate remained, as expected, unchanged at 4.9%.
The last time the unemployment rate was lower was in 2005.

The average wage grew by 2.4%, including bonuses, and by 2.3% excluding bonuses.


Trading opportunity 10:00 (GMT+1)

Coca Cola

On a daily chart we can see that the price of the share went down yesterday by 1.51%.
This fall came after the share was halted at a resistance line.

coca cola d 27.7.16
With the decline, the average of the RSI indicator crossed down his 50 line.

For Forex traders:
Sell between the levels of : 45.00 – 44.80.
Stop loss point : 45.20.
Take profit point : 43.80.

For Binary options traders:
A put option between the levels of : 45.00 – 44.80.
Expiry time : end of the day, July 31