Ontario Beats G7 Growth With High Debt Levels
News about Ontario’s impressive Q1 growth rate are topping financial news headlines all around. Its 0.8% Q1 GDP growth puts the province on pace to achieve a 3% annual growth rate. Those numbers are great in a world in which recession is just one hiccup away. However, those growth rates are not as impressive as they seem. There is definitely a lot more buzz around them than there should be.
Comparing Ontario’s growth rates with its level of unemployment – 6.4% – and it rate of inflation – 1.9% – then it is evident that the picture is not as rosy, and there are still some challenges ahead. In fact, within Canada, record unemployment figure belong to British Columbia – with about 5.8% – and inflation there is also marginally lower – 1.7%. These figures serve to put Ontario’s GDP growth in a national context.
read more…
SoftBank Challenges Brexit Doom And Gloom
A $32 billion US Dollar deal to buy British chip maker ARM, is challenging all the doom and gloom scenarios that many experts painted when Brexit became a reality. When SoftBank – a Japanese company – shows its readiness to invest such a large sum of money to buy a British company, Brexit fears go out the window. In fact, this deal shows that globalization is alive and well despite Britains decision to leave the EU.
The world economy is moving towards an age in which highly specialized companies with expertise in specific processes will lead economic growth. Therefore there is no reason for Britain to get bogged down by a continent that invests its precious resources in subsidizing surplus dairy or wine production. This deal shows that Britain is better off looking forward, developing products that have no boundaries. read more…
Another Rally Runs Out Of Momentum
As quickly as the indices went up, their momentum to keep on going seems to have run out. The unexpectedly positive US job numbers from Friday, catapulted indices all over North America up, but on Wednesday the upswing flattened, and indices like the TSX – on the Toronto Stock Exchange – even took a slight downturn. It seems that after the rally, most investors read it for what it was: a short term spike due to positive sentiment, without any rational reason to believe growth could be sustained for too long. read more…
Designated Drivers Will Enjoy This Party
The rally across most main indices continues. It seems that US job growth and the promise of subdued interest rates for a longer period of time have done it. Investors are diving in head first to acquire stock and keep on partying. As a result, gold prices have finally budged and are down about 1%. Nevertheless it seems that those who are taking this latest rally with a grain of salt, will be the ones reaping the long term benefits. read more…
Binary Options Bonus Withdrawals
As I discussed in a previous article there is a misconception by many that Binary Options brokers are intent on holding onto customer deposits or trying to get personal information from customers. As I explained you can’t withdraw profit to a credit card and because of anti-money laundering laws personal information is required before funds can be wired.
A second area of concern with regards to Binary Options withdrawals has to do with certain bonus terms and conditions.
Binary Options Bonus Withdrawal Conditions
Brokers compete with each other to offer all types of bonus packages for new depositors. It stands to reason that if a broker gives you a bonus they don’t want you to turn around the next day and withdraw the bonus without you making some trades. Almost every bonus comes with a withdrawal restriction. These restriction are usually defined by certain trading volume, or trading multiple, that must be met before the bonus can be withdrawn from your account. The trading multiple is expressed by a number multiplied by the bonus amount or multiplied by the bonus + deposit amount. For example a 50% bonus on a $200 deposit with a trading multiple of 20 x the bonus + deposit amount would mean that you would have to make $6,000 in trades before you could withdraw your $100 bonus. Some broker terms and condition state that you cannot even withdraw your deposit amount until you trade the multiple. The truth is most brokers will not adhere to this condition and they will return your deposit of you do not reach the trading multiple. Many trading multiples are as high as 30 or 40 times the bonus amount. Some brokers such as Ioption and XPMarkets offer bonuses with trading multiples as low as 10X the bonus amount.
Why People are Surprised to Find Out They Can’t Withdraw Bonus
As is the case with many special offers people don’t tend to read the small print. If you take a bonus and think you can make a couple of trades and then just withdraw your free money it’s not going to happen. At this point the broker will inform you about the trading multiple. There are also some brokers that will enforce the non withdrawal of deposit amount until trading multiple is reached rule. These withdrawal restrictions often cause great resentment among those depositors who were not aware of the withdrawal restrictions when they accepted the bonus. It leads to claims of Binary Options scam when in actuality it is just a misunderstanding. In an ideal world the withdrawal restrictions would be listed in bold right next to the bonus promotion. In reality the bonus is offered to try and elicit as many depositors as possible. Listing the terms and conditions so prominently would have the effect of negating the exciting effect of the bonus offer.
It is therefore crucial for you to clearly understand the bonus terms and conditions before you accept the bonus money. Read the fine print on the website, or better yet, get confirmation from customer service via chat. Make sure to ask for an email transcript of your chat before you agree to the bonus terms. A bonus can be a great tool for the Binary Options trader, but you must understand what you are getting into.
Financial Markets – Preview for Week Starting 12th June 2016
Major Events of Last Week
The global financial markets came under stress towards the end of last week amid declining oil prices and disturbing global growth issues. Investors became increasingly perplexed by geopolitical developments, such as a possible British exit from the European Union and the validity of the US Federal Reserve hiking interest rates within the imminent future. Consequently, traders opted to adopt a more cautious stance prompting them to flock to safe-haven assets, such as gold and the Japanese Yen. In contrast, the yields on government bonds slumped across the globe. The foremost US indices plunged last Friday typified by the Dow Jones Industrial Average crashing 137 points; the S&P500 dropping by 22 points and the NASDAQ falling by 69 points. read more…
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
A Free Demo Account is the best way to practice trading. Test the trading platform and your trading strategies without risking any money.
A no deposit practice binary options account is the best way to simulate a real time trading experience. We have the most exclusive up to date list of Binary Options brokers with free demo accounts.
Sign up for our trading and options newsletter and get the latest market news and information directly to your inbox. Plus get access to the latest strategies and broker promotions before they’re published on the website!
