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  1. #1
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    Thumbs up Binary Options Analysis

    Binary Options Trading analysis written by Bradley Welcher - BinaryOptionStrategy


    Equities

    Asian markets started the week on a down note, as escalating fears over Europe’s debt troubles and signs of a global recession weighed on investors. In Japan, the Nikkei fell 2.2% to 8374, its lowest close since April 2009, as financial shares dropped following Friday’s commodity slide. The Kospi dropped 2.6% to 1653, and Australia’s ASX 200 lost 1%, as miners tumbled. Greater China experienced similar losses, with the Shanghai Composite closing down 1.6%, and the Hang Seng dropping 1.5%.

    European markets gained, boosted by efforts to expand the European Financial Stability Fund to better address the debt crisis. The DAX jumped 2.9% to 5346, the CAC40 rallied 1.8% and the FTSE rose .5%. Banks led the advance, with the sector gaining 3.8%. UBS announced a new CEO, after the former-CEO resigned over a $2.3 billion loss by a rogue trader.

    US markets staged a powerful afternoon rally leaving the Dow up 272 points at 11044. The S&P 500 jumped 2.3%, while the Nasdaq advanced 1.4%.

    Eastman Kodak shares dropped 27% to 1.74 after the company announced it was tapping a credit line for $160 million. Berkshire Hathaway shares surged 8.1% after the company announced a buyback plan.



    Treasuries and Commodities

    Bonds fell, as the stock market’s rally encouraged risk taking. 10-year notes dipped 18/32 to yield 1.9% and 30-year notes dropped 1 29/32 to yield 2.99%.

    Commodities traded mostly higher after Friday’s sea of red. In energy, crude oil gained 1.4% to 80.96, and natural gas rallied 2.3% to 3.785.

    Silver edged up .6% after last week’s tailspin drop, and copper gained 1.3% to 3.323. Gold however continued to fall, closing down 1.4% at 1617, but was well off its low of 1535.


    Gold Mostly Recovers from Morning Plunge



    Currencies

    The currencies markets swung widely on Monday, but ended little changed. The Dollar had initially gained, but news of progress on the European debt front helped reverse those gains. The Euro closed up .2% at 1.3514, recovering from a drop down to 1.3362, and the Pound rallied .7% to 1.5561. The Canadian Dollar closed flat at 1.0282, reversing from 1.0388. The safe havens gained as well as the Swiss Franc gained .4% to .9022, and the Yen rose .3% to 76.45.



    Economic Outlook

    New home sales fell 2.3%, roughly in line with expectations, putting the annual rate at 295K, down from last month’s 302K.

    Tuesday’s economic calendar will include the Case-Shiller Home Price Index, Consumer Confidence, and an auction of 2-year notes.

    Earnings are expected from American Greetings, Jabil Circuit, Accenture, and Walgreens.

  2. #2
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    Thumbs up Binary Options Analysis – Equities Soar on European Debt Hopes

    To read the Weekly technical report [URL=" http://www.binaryoptionstrategy.com/weekly-news/binary-options-report-sept-19-sept-23.html"]click here[/URL]
    To read the Weekly fundamental analysis [URL=" http://www.binaryoptionstrategy.com/week-ahead/fundamental-analysis-and-the-week-ahead-7.html"]click here[/URL]

    Equities

    Equities rallied amid hopes that the European Financial Stability Facility (EFSF) will buy up Greek debt to help regional banks.

    In Korea, the Kospi soared 5% to 1736, its biggest one-day gain in nearly 3 years. The Nikkei jumped 2.8% to 8610 and the ASX 200 rallied 3.6%, led my miners and banks. Hong Kong’s Hang Seng rallied 4.2%, while China’s Shanghai Composite rose just .9%.

    European indexes posted strong gains, as the banking sector rallied nearly 7%. The DAX climbed 5.3%, the FTSE advanced 4%, and the CAC40 surged 5.7%. Greece’a parliament approves a highly unpopular property tax as part of its austerity program, while citizens planned another round of demonstrations. Doubts over any further bailout efforts remain high, particularly due to Germany’s resistance to additional aid.

    US stocks opened sharply higher, but much of that evaporated in the last hour of the day. The Dow closed up 147 points at 11191, after rising more than 300 points earlier in the day. The Nasdaq gained 1.2% and the S&P 500 rose 1.1% to 1175.


    Stocks Pare Gains in Last Hour

    Walgreen’s shares tumbled 6.3%, despite reporting strong profits. Research in Motion popped 4.5% higher on rumors Carl Icahn may invest in the company.



    Treasuries and Commodities

    Bonds fell for a second day, as 10-year notes fell 24/32 to yield 1.98%, and 30-year notes dropped 1 26/32 to yield 3.08%. In Germany, bond prices fell sharply in reaction to progress on the Euro debt front. 15-year notes sank 2.65 to yield 2.5%, and 30-year notes tumbled 2.29 to yield 2.7%.

    Commodities staged a strong recovery rally after the recent round of losses. In energy, crude oil rose 4.5% and gasoline gained 5%. Silver led metals higher, rising 5.9% to 31.755. Gold climbed 52.70 to 1647.50, and copper jumped 4% to 3.4145.



    Currencies

    The Australian Dollar outperformed the other major currencies, soaring 1.6% to .9920. The Euro rose .4% to 1.3583, but was well off its session high if 1.3669. The Pound and Swiss Franc both closed up .5%, while the Yen slipped .7% to 76.92.



    Economic Outlook

    The Case-Shiller Home Price Index indicated that home prices rose for a 4th month, but analysts expect prices to fall in the coming months. Consumer confidence came in slightly below estimates at 45.4. The Richmond Manufacturing Index continued to show a decline in business activity, but showed an improvement from last month.

    Wednesday’s economic calendar will include durable goods orders, weekly mortgage applications, and weekly oil inventories.

    Earnings are due from Darden Restaurants and Family Dollar Stores.


    [URL="http://www.binaryoptionstrategy.com/"]Binary Options Trading[/URL] analysis written by Bradley Welcher

  3. #3
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    Thumbs up Binary Options Analysis – Equities Soar on European Debt Hopes

    Binary Options Trading analysis written by Bradley Welcher - BinaryOptionStrategy portal





    Equities

    Equities rallied amid hopes that the European Financial Stability Facility (EFSF) will buy up Greek debt to help regional banks.


    In Korea, the Kospi soared 5% to 1736, its biggest one-day gain in nearly 3 years. The Nikkei jumped 2.8% to 8610 and the ASX 200 rallied 3.6%, led my miners and banks. Hong Kong’s Hang Seng rallied 4.2%, while China’s Shanghai Composite rose just .9%.


    European indexes posted strong gains, as the banking sector rallied nearly 7%. The DAX climbed 5.3%, the FTSE advanced 4%, and the CAC40 surged 5.7%. Greece’a parliament approves a highly unpopular property tax as part of its austerity program, while citizens planned another round of demonstrations. Doubts over any further bailout efforts remain high, particularly due to Germany’s resistance to additional aid.


    US stocks opened sharply higher, but much of that evaporated in the last hour of the day. The Dow closed up 147 points at 11191, after rising more than 300 points earlier in the day. The Nasdaq gained 1.2% and the S&P 500 rose 1.1% to 1175.


    Walgreen’s shares tumbled 6.3%, despite reporting strong profits. Research in Motion popped 4.5% higher on rumors Carl Icahn may invest in the company.





    Treasuries and Commodities

    Bonds fell for a second day, as 10-year notes fell 24/32 to yield 1.98%, and 30-year notes dropped 1 26/32 to yield 3.08%. In Germany, bond prices fell sharply in reaction to progress on the Euro debt front. 15-year notes sank 2.65 to yield 2.5%, and 30-year notes tumbled 2.29 to yield 2.7%.


    Commodities staged a strong recovery rally after the recent round of losses. In energy, crude oil rose 4.5% and gasoline gained 5%. Silver led metals higher, rising 5.9% to 31.755. Gold climbed 52.70 to 1647.50, and copper jumped 4% to 3.4145.





    Currencies

    The Australian Dollar outperformed the other major currencies, soaring 1.6% to .9920. The Euro rose .4% to 1.3583, but was well off its session high if 1.3669. The Pound and Swiss Franc both closed up .5%, while the Yen slipped .7% to 76.92.





    Economic Outlook

    The Case-Shiller Home Price Index indicated that home prices rose for a 4th month, but analysts expect prices to fall in the coming months. Consumer confidence came in slightly below estimates at 45.4. The Richmond Manufacturing Index continued to show a decline in business activity, but showed an improvement from last month.


    Wednesday’s economic calendar will include durable goods orders, weekly mortgage applications, and weekly oil inventories.


    Earnings are due from Darden Restaurants and Family Dollar Stores.

  4. #4
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    Thumbs up Binary Options Report (Sept. 26- Sept. 30)

    Analysis written by David Frank - BinaryOptionStrategy portal

    Markets

    Stocks closed out the worst quarter in nearly three years. This comes amid fears over the global recovery. Markets finished near session lows for the day as investors were reluctant to stay long ahead of the weekend. For the quarter, the DJIA and the S&P sank more than 12 percent, while the Nasdaq fell over 14 percent.

    On Friday, the Dow Jones Industrial Average fell 240.60 points, or 2.16 percent to finish at 10,913.38. The S&P 500 fell 28.98 points, or 2.5 percent to close at 1,131.42, while the Nasdaq lost 65.36 points, or 2.63 percent to end at 2,415.40.







    FOREX

    In an unexpected burst of momentum in the final hours of trading this past Friday, the Euro tumbled to the threshold of major support against its US and British counterparts. This puts the world’s second most liquid currency at immediate risk of a extraordinary plunge to start the new trading week. It is an unusual situation where the end of the week, month and quarter align. It is even rarer that this particular event occurs during a period when the financial markets are on the verge of a second round of a severe financial crisis.

    End-of-quarter position is not an unusual phenomenon. Still, we have not seen it have so significant an impact on the Euro in recent history. Was the currency’s sharp drop a one-off repatriation or was it a lasting shift in sentiment running under the guise of capital flows? Depending on the answer to that question, the Euro currency can take dramatically different paths next week.

    If the late tumble was indeed the influence of a temporary, receding capital tide, it is very likely that the floor underneath EURUSD holds up to start the week and further encourages a meaningful recovery later into the week as we approach event risk. On the other hand, if confidence in the Euro is collapsing under the weight of its own fundamental future, we could come to the rare instance where a major generates a new trend in a thin session (the opening Asian session) and/or before heavy event risk.





    COMMODITIES

    Gold rose $5, or 0.3%, to end at $1,622.30 on the Comex division of the New York Mercantile Exchange. Prices traded as $1,642.50 on some momentum buying ahead of the weekend. It had earlier traded as low as $1,607.80. On Friday, crude dropped $2.94, or 3.6 percent, to end the day at $79.20 per barrel in New York. Prices have not been that low since Sept. 29, 2010. Since then crude peaked near $114 a barrel in May of this year. It’s fallen 31 percent since then as worries continue to persist about the global economy.



    EQUTIES

    Major banks in the US are trading lower, such as Morgan Stanley and Citigroup. Goldman Sachs also tumbled after Mediobanca Securities cut its price target on the financial giant to $106 from $120. Billionaire investor Warren Buffett said his firm Berkshire Hathaway has started share buybacks. The repurchases will not stop the company from making further acquisitions or spending on infrastructure. Buffett also reiterated his support for Bank of America.

  5. #5
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    Thumbs up Fundamental Analysis and the Week Ahead

    Analysis written by David Frank - BinaryOptionStrategy portal

    ECONOMIC NEWS

    Consumer sentiment improved slightly in late September. This is according to the Thomson Reuters/University of Michigan survey. And business activity in the US Midwest grew more than expected this month. China’s manufacturing sector contracted for a third consecutive month in September. This is strongly suggesting that the world’s second-largest economy may not be immune to global headwinds.

    THE WEEK AHEAD

    MONDAY: ISM mfg index, construction spending, Fed’s Lacker speaks, Oracle Open World, Supreme Court starts new term

    TUESDAY: Factory orders, Bernanke speaks, Apple iPhone event, auto sales

    WEDNESDAY: Weekly mortgage apps, Challenger job-cut report, ADP employment report, IS non-mfg index, oil inventories

    THURSDAY: BoE announcement, ECB announcement, jobless claims, chain-store sales

    FRIDAY: Non-farm payroll, wholesale trade, consumer credit

  6. #6
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    Thumbs up Binary Options Analysis – 3rd Quarter Ends on Weak Note

    Analysis written by Bradley Wechler - BinaryOptionStrategy portal

    Equities

    Asian markets traded mixed ahead of significant Chinese PMI data, due to be released over the weekend. The Nikkei, ASX 200 and Kospi all closed flat, while the Shanghai Composite slipped .3% to 2359. Hong Kong’s Hang Seng slumped 2.3%, as numerous Chinese mainland banks listed in Hong Kong tumbled more than 7%.

    European indexes closed significantly lower, ending a difficult quarter on a somber note. Germany’s DAX sank 2.4%, the CAC40 fell 1.5%, and the FTSE closed down 1.3%. For the quarter, the DAX and CAC40 tumbled 25%, while the FTSE shed 14%. Inflation data from Europe showed annual consumer prices jumped 3% last month, more than the 2.5% expected.

    The selling pressure continued in the US, sending the Dow down 241 points to 10913. The Nasdaq fell 2.6% and the S&P 500 dropped 2.5%, as the VIX jumped 10.6% to settle at 42.96. For the quarter, the major indexes were down between 12 and 14%.

    Kodak’s freefall continued, as shared plummeted 54% to .78 on growing expectations the company will file for bankruptcy. Chip-maker, Micron Technologies, sank 14% after reporting a loss, and Ingersoll Rand dropped 12% after cutting its earnings outlook.



    Treasuries and Commodities

    Bonds jumped, as investors poured into the relative safety of treasuries. 10-year notes rose 23/32 to yield 1.92%, and 30-year notes surged 3 1/32 to yield 2.91%.

    Crude oil slumped 3.6%, dropping back below 80 to 79.20, and natural gas declined 2.2% to 3.666. Gasoline futures fared better, sliding just .8%.

    Metals closed mostly lower, although gold managed to rise .3% to 1622.30. Copper continued to drop, losing 2.9% to 3.152, and silver fell 1.4% to 30.083.

    Agricultural futures suffered steep losses, ass wheat tumbled 6.9%, corn dropped 6.3%, and soybeans fell 4.2%.



    Currencies

    The US Dollar rallied sharply, particularly against the Euro, which fell 1.4% to 1.3388. The Canadian Dollar skidded 1.2% to 1.05, and the Swiss Franc dropped 1.1% to .9078. The Australian Dollar fell .9% to .9705. The Pound and Yen declined modestly, shedding .2% and .3% respectively.



    Economic Outlook

    Friday’s data had some bright spots, but investors failed to notice. Chicago PMI rose to 60.4 from 56.5 last month, well above expectations. University of Michigan consumer sentiment was revised upwards to 59.4, better than the 57.9 forecast.

    Monday’s reports will include the ISM manufacturing index, construction spending, and auto sales. No major earnings reports are due.

  7. #7
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    Thumbs up Binary Options Analysis – Markets Continue to Fall, Dollar Rallies

    Binary Options Trading analysis written by Bradley Welcher - BinaryOptionStrategy portal

    Equities

    Asian markets fell on Monday as once again the week started with significant losses. The biggest loser was the Hang Seng, which tumbled 4.4% to 16882, as property shares saw double digit declines. In Japan, the Nikkei fell 1.8% to 8546, and Sony shares slumped 4.5%, touching their lowest level since the 1980’s. Australia’s ASX 200 skidded 2.8%, while markets in Korea and mainland China were closed for a holiday.

    European markets closed lower, but were well off the session lows. The DAX fell 2.3% to 5376, but had fallen to 5289 at the open. France’s CAC40 lost 1.9%, and the FTSE declined 1%. Greek officials announced that they would miss deficit targets for the next year, suggesting recent austerity measures are insufficient.

    US markets dropped sharply, as the Nasdaq plunged 3.3%, the S&P 500 fell 2.9% and the Dow lost 258 points, closing at 10655. The VIX jumped nearly 6% to 45.45, indicating a high level of investor fear.

    Airline stocks tumbled after analysts raised the possibility of a bankruptcy for AMR, parent of American Airlines. The shares dropped 33% to 1.98 and weighed on the sector. US Airways dropped 16%, while Delta and Continental skidded 11%.

    Eastman Kodak shares soared 72% to 1.34 after denying that the company is planning a bankruptcy filing.

    Apple is expected to announce the iPhone 5 on Tuesday.



    Treasuries and Commodities

    The mounting fear sent bond prices soaring, as 10-year notes rallied 1 17/32 to yield 1.75%. 30-year notes jumped 4 11/32 to yield 2.72%.

    Energy continued to fall, led by crude oil, which lost 3.2% to settle at 76.64. Gasoline lost 1.3% and natural gas fell 1.5%.

    Metals traded mixed as gold gained 2% to 1655, while copper declined 2.5% to 3.072. Copper has dropped more than 30% over the past 3 months, as slowing growth and recession fears weigh on the industrial metal.


    Copper Drops more than 30% in Under 3 Months



    Currencies

    The US Dollar continued to soar, as investors dumped European currencies. The Euro fell 1.6% to 1.3178, down more than 2 cents. The Swiss Franc slumped 1.4% to .9208, and the Pound declined .9% to 1.5444. The Australian Dollar continued to fall, dropping 1.3% to .9574, and is now hovering just above its 52-week low of .9537. The only gainer was the Japanese Yen, which rose .6% to 76.65.



    Economic Outlook

    Monday’s economic data was surprisingly upbeat, but investors ignored the data, which is a very bearish indicator. ISM manufacturing PMI data came in slightly stronger than expected, rising to 51.6 from last month’s 50.6. Construction spending unexpectedly rose by 1.4%, reversing last month’s decline of 1.4%, and auto sales climbed to 13.1M, significantly higher than last month’s 12.1M.

    Tuesday’s sole US report will be factory orders. Bernanke will be speaking to Congress.

    Earnings are due from Global Payments and Yum Brands.

  8. #8
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    Thumbs up Binary Options Analysis – Late Day Rally Lifts US Stocks

    Binary Options Trading analysis written by Bradley Welcher - BinaryOptionStrategy

    Equities

    Another round of selling hit Asian markets on mounting concerns Greece will default on its debt obligations. Korea’s Kospi was hardest-hit, dropping as much as 6.3% before partially recovering to close down 3.6%. Oil refiners fell more than 10%, as a drop in Korea’s currency, the won, raised costs and cut margins. In Japan, the Nikkei fell 1.1%, and Australia’s ASX 200 eased just .6%. Hong Kong’s Hang Seng sank another 3.4% to 16250, and is down nearly 10% over the last 3 days. China’s Shanghai Composite remained closed for a public holiday.

    European markets closed down more than 2.5%, with banks dropping more than 4%. The FTSE fell 2.6%, the DAX sank 3%, and the CAC40 shed 2.6%. News that Dexia, a regional European bank, may need a bailout due to its Greek debt holdings contributed to the losses. Dexia shares fell 22% to 1.008.

    A massive late day spike pulled US markets out of deeply negative territory, triggered by a report that suggested European ministers will do more to tackle the growing debt problem. The Dow had dropped more than 250 points, but closed with a gain of 153 points to 10809. The S&P 500 rallied 2.3%, and the Nasdaq soared 3%.


    Dow Swings more than 400 Points in Volatile Session



    AMR rebounded from yesterday’s plunged, rallying 21% to 2.39. Apple announced an upgraded version its mobile phone, the iPhone 4s, but the stock closed down .6%, on apparent disappointment with the upgrade.



    Treasuries and Commodities

    Bond prices fell, even as Bernanke said the Fed will take further steps to boost the economy. 10-year notes fell 18/32 to yield 1.82%, and 30-year notes dropped 1 25/32 to yield 2.8%.

    Commodities closed mixed as energy gained while metals fell. Crude oil inched up .3% to 77.85, while natural gas and gasoline both rallied 1.1%.

    Gold sank 2.2% to 1621.41, and silver declined 2.6% to 30.01. Copper settled at 3.115, down 1.1%.



    Currencies

    The Dollar eased against major currencies, as positive news on the European debt front undermined the flight to safety. The Euro bounced 1.2% to 1.3354, soaring late in the day, and the Pound ticked up .3% to 1.5488. The Australian Dollar suffered a steep drop of 2.3% to .9408, hitting its lowest level in more than a year. The Yen eased .3% to 76.81, while the Swiss Franc gained .6% to .9154.



    Economic Outlook

    Factory orders unexpectedly declined by .2%, a sharp drop from last month’s 2.1% gain.

    Wednesday’s busy economic calendar will include the ADP Employment report, the Challenger job-cut report, the ISM non-manufacturing index, weekly oil inventories and weekly mortgage applications.

    Earnings are scheduled for Costco, Marriott, and Monsanto.

  9. #9
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    Thumbs up Binary Options Analysis – Commodities and Equities Rally on Debt Hopes

    Binary Options Trading analysis written by Bradley Welcher - BinaryOptionStrategy


    Equities

    Asian markets shrugged off the late-day rally in US stocks, once again closing lower. The Nikkei fell .9% to 8383, and the Kospi sank 2.3%, as construction firms dropped sharply. Australia’s ASX 200 bucked the trend, closing up 1.4% as resource stocks rallied. Markets in greater China were closed for a holiday.

    In Europe, the major indexes posted impressive gains, snapping a 3-day losing streak. The DAX soared 4.9%, the CAC40 advanced 4.3%, and the FTSE climbed 3.2%. The Euro Stoxx banks index jumped 5.7% after policymakers committed to take greater efforts to recapitalize the region’s struggling banks.

    US markets overcame initial weakness, closing with significant gains. The Nasdaq posted the largest gain, climbing 2.3%, while the Dow rose 131 points to 10940. The S&P 500 gained 1.8% to 1144.


    Nasdaq Rallies 2.3%

    Two exciting tech takeover possibilities boosted tech shares. Research in Motion jumped 12.4% on rumors that Vodafone may look to buy the Blackberry maker. Yahoo soared 10.1% on news that Microsoft is considering a takeover offer.

    Costco fell 1.7% after reporting weaker than expected earnings, and Yum Brands slid 2.7% over growth concerns, even as it met analyst profit estimates.



    Treasuries and Commodities

    Bonds closed down for a second day. 10-year notes slipped 19/32 to yield 1.89%, and 30-year notes fell 1 1/32 to yield 2.85%.

    An unexpected drop in oil inventories sent crude oil sharply higher, rallying 5.5% to 79.81. Gasoline futures gained 3.7%, while natural gas fell 2.1% to 3.563.

    Precious metals rose as well, with gold gaining $25.60 to 1641.60, and silver advancing 2.2% to 30.48. Copper inched up less than .1% to 3.106.

    Wheat closed up 3.5% and corn gained 3%, as agricultural futures joined in the commodity rally.



    Currencies

    The Australian Dollar staged an impressive comeback after Tuesday’s drop, surging 2.6% to .9654, signaling a return to “risk on” mode. Its peer, the Canadian Dollar rallied 1.1% to 1.0406. The Euro, Pound, and Yen all settled within .1% of their previous close, while the Swiss Franc slipped .6% to 1.0829 against the Dollar.



    Economic Outlook

    The ADP payroll report showed the economy gained 91K jobs last month, better than the 76K forecast. The official government non-farm payroll report is due on Friday, and the ADP report is seen as an indicator for that key report, although they are not always consistent.

    ISM non-manufacturing PMI was in-line with estimates at 53, slightly lower than last month.

    The Bank of England and European Central Bank will announce their rate decisions on Thursday. Both are expected to leave rates unchanged at .5% and 1.5% respectively.

    Thursday’s reports will include weekly unemployment claims and chain-store sales.

  10. #10
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    Thumbs up Binary Options Analysis – Markets Rally on Central Bank Efforts

    Binary Options Trading analysis written by Bradley Welcher - BinaryOptionStrategy

    Equities

    Asian markets snapped their 4-day losing streak, posting outsized gains. Hong Kong’s Hang Seng soared 5.7% to 17172, %, and the ASX 200 surged 3.7%, its biggest one-day gain in nearly 3 years. The Nikkei climbed 1.7% to 8522, and the Kospi rallied 2.6%. Resource related stocks led the advance, as commodity prices recovered from the recent drop.

    The Bank of England announced a new stimulus package to boost the economy, and the ECB announced efforts to increase liquidity, helping to lift European indexes. The FTSE rallied 3.7%, the CAC40 advanced 3.4%, and the DAX gained 3.2%. Resource stocks rallied 5.1%, and banks rose 3.8%. European officials continued to discuss plans to recapitalize struggling banks, reassuring investors. Trading in struggling bank, Dexia, was halted pending details regarding the sale of its Luxembourg division.

    In the US, markets gained for a 3rd day. The Dow gained 183 points to 11123, the Nasdaq rallied 1.9% and the S&P 500 gained 1.8%. Target climbed 4.3%, as upbeat chain-store sales data lifted retailers.


    Dow Climbs 183 Points

    Constellation Brands jumped 9% after beating analyst forecasts and raising its outlook.



    Treasuries and Commodities

    Bonds extended their losing streak to a 3rd day. 10-year notes fell 28/32 to yield 1.99%, and 30-year notes slumped 2 6/32 to yield 2.95%. UK bonds closed little changed following the announcement of another round of central bank easing.

    Energy posted strong gains, led by gasoline futures, which rallied 4.3% to 2.6805. Oil climbed 3.6% to 82.58, and natural gas gained .6% to 3.593.

    Silver jumped 5.5% to 32.025 and copper surged 5.3% to settle at 3.272. Gold rose a more modest .8% to 1654.40.



    Currencies

    Following the ECB statement the Euro initially fell, pressured by Trichet’s weak outlook for the Euro-zone, but soon reversed to close up .7% to 1.3438. The Australian Dollar rallied 1.1% to .9758, extending Wednesday’s large move. The Pound closed down .1% at 1.5542, recovering from a drop down to 1.5272. The Canadian Dollar and Swiss Franc both rose .3%, and the Yen inched up .1%.



    Economic Outlook

    It is reassuring to see the European Central Banks take new efforts to help the economy, but the broader debt woes remain unaddressed, and threaten to undermine the health of the entire banking system.

    Weekly unemployment claims came in at 401K, better than the 401K forecast, but higher than last week’s reading of 395K.

    Friday’s key report will be non-farm payrolls, the most significant report in the monthly cycle. Analysts are expecting a gain of 55K jobs, compared to last month’s net gain of 0 jobs. The unemployment rate is expected to remain steady at 9.1%.

    Also due are wholesale inventories and consumer credit.

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