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  • Binary Options Report (April 30- May 4)

    BinaryOptionStrategy.com

    Markets

    NFP Payrolls badly missed th marks and teh S&P500 and NASDAQ posted thier biggest losses of hte year. The Dow Jones Industrial Average fell 168.32, to close at 13,038.27. The S&P 500 lost 22.47, to close at 1,369.10. The Nasdaq dropped 2.25 percent, to close at 2,956.34.

    DJIA CHART







    FOREX

    The NFP in April was disappointing, as they fell for the third straight month.The NFP reported that employers added 115,000 in April, down from March’s revised figure of 154,000. March’s figure had been revised upwards from its original print of 120,000. The forecas called for an increase of 160,000. Private payrolls rose by 130,000 in April, down from 166,000 in March, while manufacturing added 16,000 jobs as opposed to 41,000 jobs a month ago. Employment increased in professional and business services, retail trade and health care, but fell in transportation and warehousing.

    Meanwhile, the unemployment rate fell slightly in April to its lowest level since January 2009, to 8.1 percent. This is down from 8.2 percent the previous month..



    USD Chart







    COMMODITIES

    Crude was down nearly 4 percent at 98.49 per barrel. WTI has lost all of its gains for the year and is down fractionally for the year and down 6 percent on the week.

    Brent crude, was down 2.5 percent at $113.18. It lost 5.6 percent for the week.

    Oil Chart





    EQUTIES

    Apple dragged on the Nasdaq as it fell to $585 a share. The iPad maker has lost 6 percent for the week, and 12 percent from its all-time high of $644 a share. Kraft Foods posted results that above estimates. They reaffirmed its full-year growth targets and said it was going ahead with the 2-1 split into two companies later this year.

    Comment


    • Fundamental Analysis and the Week Ahead

      BinaryOptionStrategy.com

      ECONOMIC NEWS

      The news, for better or worse, was out of the US this week. The NFP rose much less than expected, adding just 115,000 jobs in April. This was well below expectations for 170,000 . The unemployment rate slipped to 8.1 percent. The lowest reading since January 2009.

      THE WEEK AHEAD

      MONDAY: Consumer credit

      TUESDAY: NFIB small biz index, 3-yr note auction, McDonald’s April sales, Fed’s Fisher speaks

      WEDNESDAY: Weekly mortgage apps, wholesale trade, oil inventories, 10-yr note auction, BofA shareholders mtg, Fed’s Kocherlakota speaks, Fed’s Pianalto speaks, Fed’s Plosser speaks

      THURSDAY: International trade, jobless claims, import & export prices, 30-yr bond auction, Ford shareholders mtg, Fed Chairman Bernanke speaks, Fed’s Evans speaks, Fed’s Kocherlakota speaks

      FRIDAY: Producer price index, consumer sentiment

      Comment


      • Binary Options Report (May 7- May 11)

        BinaryOptionStrategy.com

        Markets

        Euro zone issues caused t othe US Iindexes to close lower thiss week. The Dow Jones lost 34.44 points, to close at 12,820.60. The S&P 500 lost 0.34 percent, to close at 1,353.39. The Nasdaq rose 0.18 points to close at 2,933.82 points.

        DJIA CHART







        FOREX

        The dollar’s recent performance is impressive. The Dollar Index has risen 1.9 percent to its highest weekly close since the middle of December. Looking at currency’s performance in specific corners of the market, we find the EUR/USD is below 1.3000, AUD/USD is at its lowest level for the year and the Dollar has even been able to muscle gold to a correction of a bull run that goes back nearly three years. The euro is the most fundamentally loaded currency this coming week. Through the close of this past week, the currency won temporary stays on two of the most critical threats to regional stability: the Greek election turmoil and Spanish financial troubles. Both areas can quickly flare up. For Greece, the short-term concern is creating a new government and seeing if it backs the austerity measures or withdraws from EU and suffers a default. As for Spain, the relief in the Bankia nationalization has been muddied by the Economic Minister’s announcement that another €30 billion will be needed to be set aside for further losses of other Spanish banks.

        EUR/USD Chart



        COMMODITIES

        London brent crude for Junefell to $111.40, but did not go back above $113.18, needed to avoid a weekly loss.

        Crude lost 0.95 to close at $96.13. This is now below the 200-day moving average of $96.27. Gold fell 0.8 percent to close at $1,5780.25. For the week, gold saw a 3.7 percent loss. Yhis is the Yellow metals worst performance since the week of Dec. 18 last year when it lost nearly 7 percent.

        Oil Chart







        EQUTIES

        Arena soared after the drugmaker’s experimental obesity pill won an FDA panel’s support.

        Meanwhile Facebook’s record IPO is already oversubscribed. Shares are expected to begin trading on May 18. Nordstrom lost after the department-store chain missed Wall Street expectations. And Nvidia surged after the chipmaker reported revenue and outlook which topped estimates.

        Comment


        • Fundamental Analysis and the Week Ahead May 11

          BinaryOptionStrategy.com

          ECONOMIC NEWS

          In the latest news from Greece, socialist party leader Evangelos Venizelos failed to form a coalition government after hosting last-minute talks. This news all but crushing earlier hopes that the debt-ridden nation would avoid another round of elections next month. According to the US Labor Department, producer prices posted a surprising drop in April as energy costs declined.

          THE WEEK AHEAD

          MONDAY:

          TUESDAY: CPI, retail sales, Empire state mfg survey, Treasury international capital, business inventories, housing market index

          WEDNESDAY: Weekly mortgage apps, housing starts, industrial production, oil inventories, FOMC minutes

          THURSDAY: Jobless claims, Philadelphia Fed survey, e-commerce retail sales, leading indicators

          Comment

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