Binary Options Analysis

[BinaryOptionStrategy]

Binary Options Market Analysis – Stocks Retreat on Euro Zone Fears

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

Asian markets traded mostly lower, despite Monday’s strong gains on Wall Street. The Nikkei and Kospi both fell .9%, and the ASX 200 slipped .6%. China’s markets continued to climb, as the Hang Seng rose 1.1% and the Shanghai Composite rallied 1.7%.

 

Concerns regarding Wednesday’s European Summit, sent European markets lower. The CAC40 dropped 1.4%, while the FTSE eased .4% and the DAX edged down .1%. An unexpected cancellation of a meeting of financial ministers helped fuel the uncertainty.

 

In the US, stocks posted large losses, as disappointing earnings and fear over Europe’s debt troubles weighed on investors. The Dow tumbled 207 points to 11708, the Nasdaq shed 2.3%, and the S&P 500 declined 2%. The VIX jumped more than 10% to 32.22.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/10/oct-26-vix-spikes-300x139.png

VIX Jumps more than 10%

 

3M sank 6.3% after falling short of analyst expectations for profits, and cut its outlook. Netflix shares plunged 35% after revealing that the recent price hikes had caused the company to lose more customers than expected.

 

Amazon reported weak earnings after the close and lowered its outlook, sending the stock down more than 12% in after hours trading.

 

 

 

Treasuries and Commodities

 

Bonds rallied as investors fled to safety. 10-year notes jumped 1 2/32 to yield 2.11%, and 30-year notes soared 2 26/32 to yield 3.13%.

 

A $35 billion auction of 2-year notes had a high-yield of .281% and a strong bid-to-cover ratio of 3.64.

 

In energy, crude oil continued to rally, advancing 1.9% to 93.01, while gasoline futures slipped .5%.

 

Precious metals rocketed higher, as silver climbed 5.1% to 33.25 and gold gained 3.1% to 1703.90. Copper slipped 1.1% to 3.411 after 2-days of large gains.

 

 

 

Currencies

 

The Canadian Dollar sank 1.2% to 1.0162 after the Canada’s central bank cut its growth forecast for the upcoming year. The Australian Dollar retreated .5% to 1.0417, while the Euro slipped .2% to 1.3898. The Yen touched another record high of 75.74 before slipping back to 75.97, up .2%.

 

 

 

Economic Outlook

 

Home prices fell slightly more than expected in August, according to the Case-Shiller Home Price index. Consumer confidence tumbled to 39.8 from 46.4, its lowest level since March 2009.

 

Wednesday’s focus will be the European Summit, amid hopes for a deal that could increase the European bailout fund. Wednesday’s reports will include durable goods, new home sales, weekly mortgage applications, and weekly oil inventories. Earnings are scheduled for Boeing, Ford, Visa, and Sprint.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Analysis – US Stocks Gain, Bonds Fall on Bailout Progress

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

Asian markets traded mixed, shrugging off Tuesday’s steep drop in US shares. The Nikkei settled down .2%, the Kospi gained .3%, and Australia’s ASX 200 rose .4%. Modest inflation figures from Australia helped the index reverse from early losses, on hopes of an interest rate cut. The Shanghai Composite rallied .7%, and the Hang Seng rose .5%.

 

A similar performance was seen in Europe ahead of the European Summit. The FTSE rose .5%, while the DAX fell .5% and the CAC40 slipped .2%. Germany’s parliament approved an expansion of the EFSF bailout fund. Banks swung in a wide range, closing down nearly 1% after rising more than 1% earlier in the day.

 

US markets rallied with the Dow gaining 162 points to 11869. The S&P 500 climbed 1.1%, and the Nasdaq advanced .5%, as progress from Europe helped lift sentiment.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/10/oct-27-dow-300x138.png

Dow Rallies 162 Points

 

Boeing gained 4.5% after beating earnings forecasts. Meanwhile, Ford shares slumped 4.5% even though it beat analyst forecasts. Sprint dropped 7% after reporting a loss in subscribers that was more than expected. Amazon shares closed down 12.7% on a weak outlook which prompted several brokerages to cut their price targets on the stock.

 

 

 

Treasuries and Commodities

 

Bond prices fell, erasing Tuesday’s gains. 10-year notes sank 27/32 to yield 2.21%, and 30-year notes fell 1 28/32 to yield 3.22%.

 

A $35 billion auction of 5-year notes had a bid-to-cover ratio of 2.90 and a high yield of 1.055%.

 

Energy fell, led by crude oil which dropped 2.6% to 90.74. Natural gas lost 1.7% to 3.596, an gasoline futures shed 1.6% to 2.6561.

 

Metals continued their recent advance, led by copper, which climbed 2.7% to 3.5135. Gold gained 22.30 to settles at 1722.70, and silver advanced 1% to 33.365.

 

Agricultural futures fell, with wheat losing 2.6% to 619.50, and corn down 2% to 637.25.

 

 

 

Currencies

 

The Canadian Dollar rallied 1.2% to 1.0045, reversing Tuesday’s losses. The Euro ended flat at 1.3908, while the Pound and Australian Dollar both slipped 2%. The Yen touched another record high against the dollar, before settling down .2% to at 76.23.

 

 

 

Economic Outlook

 

Investors are anxiously waiting for a deal regarding Greece’s debt. The market is looking for a 50% haircut on the debt.

 

Wednesday’s reports were upbeat, as new home sales rose, and durable goods orders jumped.

 

Thursday’s reports will include GDP, pending home sales, and weekly jobless claims.

 

Earnings are due for from Bristol-Myers, Aetna, P&G, Time Warner, AMD, Motorola, Baidu, and Electronic Arts.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Analysis – Greek Debt Deal Triggers Global Equity Rally

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

Asian markets jumped following news of a deal for a 50% haircut on Greece’s debt. The Nikkei gained 2% to 8927, the Kospi advanced 1.5%, and the ASX 200 rallied 2.5% hitting its highest close in 3 months. In China, the Hang Seng rose 3.3% to 19689, led by railways, and the Shanghai Composite edged up .3%.

 

European markets soared, led by banks which rocketed up 9%. The CAC40 jumped 6.3%, the DAX jumped 5.4%, and the FTSE rallied 2.9%. In France, the 3 leading banks, Credit Agricole, Societe Generale and BNP Pariba,s all posted gains greater than 20%.

 

The upbeat sentiment continued in the US, sending the indexes sharply higher. The Dow gained 340 points to 11209, the Nasdaq climbed 3.3%, and the S&P 500 jumped 3.4%. The VIX tumbled 14.7% to 25.46 as investor anxiety eased. Here too, financials were the outsized gainers.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/10/oct-28-sp-500-300x137.png

Stocks Soar on Greek Debt Deal

 

Dow Chemical shares jumped 8.2% even though the company reported earnings which were slightly shy of expectations. Visa gained 2.6% after reporting profits that were in line with estimates.

 

 

 

Treasuries and Commodities

 

Bonds tumbled as investors poured into riskier assets. 10 year notes fell 1 21/32 to yield 2.4% and 30-year notes sank 4 21/32 to yield 3.46%.

 

A $29 billion auction of 7-year notes had a high yield of 1.791 percent and a weak bid-to-cover ratio of 2.59.

 

Commodities rallied across the board. In energy, crude oil soared 4.1% to 93.91, gasoline advanced 3.3% to 2.7391 and natural gas edged up .4%.

 

Copper once again led metals higher, rocketing 6.1% higher to close at 3.703. Silver jumped 5.4% to 35.105, and gold gained 1.3% to 1746.30.

 

 

 

Currencies

 

The dollar plunged as the market return to risk-on mode. The Australian Dollar was the biggest gainer, soaring 3.1% to 1.0722. The Swiss Franc rallied 2.4% to 1.1628, and the Euro advanced 2.1% to 1.4188. The Yen once again touched a new record high, tagging 75.67, before pulling back to 75.97, up .4%. The Canadian Dollar broke back through the parity level, climbing 1.4% to .9911.

 

 

 

Economic Outlook

 

GDP rose at an annual rate of 2.5%, slightly better than forecast, and a marked improvement from last quarter’s 1.3% gain.

 

Weekly jobless claims came in at 402K, slightly better than last week, but a bit weaker than forecast. Pending home sales unexpectedly declined by 4.6%, a large increase from last month’s 1.2% drop.

 

Friday’s reports will include personal income, personal spending, consumer sentiment, and the employment cost index.

 

Earnings are scheduled for Arch Coal, Cablevision, Chevron, Cigna, Merck and Whirlpool.

 

 

 

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Report (Oct. 17- Oct. 21)

 

To read the Weekly fundamental analysis click here

 

Markets

 

Markets closed out a volatile week quietly. They ended upregistering modest gains as part of what is shaping up to be the equity market’s best month ever.

 

After trading up and down through most of the session, the major averages closed slightly higher, with the Dow registering a 3.4 percent gain that has helped boost the market about 12 percent for October. It was the fifth consecutive weekly gain for the DJIA.

 

 

 

DJIA CHART

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/10/a4-300x123.png

 

 

 

 

 

FOREX

 

The Canadian Dollar remains correlated to broad market sentiment trends. This is with price showing a firm correlation to the S&P 500. This, also, speaks directly to Canada’s own performance which naturally sets the trajectory for its monetary policy and thereby the Canadian Dollar considering the country is highly sensitive to the worldwide business cycle both as a commodity producer and as a key exporter to the globe’s largest economy, the United States.

 

With this in mind, it is not surprising that the Canadian Dollar surged to the highest in a month last week as investors cheered on the moderation in all three of the major headwinds that had been weighing on economic growth expectations. The threat of an immediate meltdown on the Euro Zone periphery was reduced after an EU leaders’ summit in Brussels concluded with policymakers throwing more money at the problem. Q3 US GDP figures showed growth accelerated to the strongest pace in a year. This ended up warding off double dip recession fears, for now. Finally, official commentary from China began to carry subtle hints that monetary tightening was done and credit may even be loosened in pockets of the economy. This ended up stoking hopes that a hard landing in the world’s second-largest economy will not happen.

 

While this paints a rosy picture of the Loonie’s prospects, not all is well. Last week, the Bank of Canada took a decisive turn toward the dovish side of the spectrum. They ended up lowering its GDP outlook and conspicuously removing language referencing the unwinding of monetary stimulus in its policy statement. The monthly GDP update to be released on Monday is forecast to show the annual growth rate slowed to 2.2 percent in August, a hair above the 16-month low of 2.1 percent recorded in June, while employment data due Friday is expected to yield a weak 15,000 jobs increase in October. This is reinforcing priced in bets that rates will be at a standstill for the coming year.

 

This makes for a cloudy outlook for the Canadian currency in the week ahead, with much likely to depend on the deluge of US scheduled event risk in the economic calendar.

 

 

 

USDCAD Chart

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/10/b4-300x123.png

 

 

 

COMMODITIES

 

Oil dropped Friday as investors acknowledged that Europe needs to tighten its belt for years in order to work through a credit crisis. Also, factory production stalled in Japan.

 

Crude fell 64 cents to end the day at $93.32 per barrel in New York. Brent crude, which is used to price foreign oil, lost $2.17 to finish at $109.91.

 

Gold closed a bit flat as investors took profits. Gold for December delivery closed down 50 cents to settle at $1,747.20 at the Comex division of the New York Mercantile Exchange.

 

CRUDE OIL Chart

 

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/10/c4-300x123.png

 

 

EQUTIES

 

Troubles continued to add up for MF Global. Now with a Moody’s downgrade the latest issue to confront the battered brokerage run by former New Jersey Gov. Jon Corzine. Shares tumbled more than 26 percent after falling nearly 16 percent Thursday.

 

Samsung has overtaken Apple in terms of smartphone sales and expects the fourth quarter to be even stronger. Wynn Resorts lead the winners on the NASDAQ even as analysts scaled back earlier projections for the hotel and casino giant’s earnings potential.

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Fundamental Analysis and the Week Ahead

 

To read the Weekly technical report click here

 

THE WEEK AHEAD

 

MONDAY, OCT. 31

 

Chicago PMI Oct. 58.2% 60.4%

 

Texas manufacturing Oct. – -14.4

 

TUESDAY, NOV. 1

 

ISM Oct. 52.2% 51.6%

 

Construction spending Sept. -0.1% 1.4%

 

Motor vehicle sales Oct. 13.3 mln 13.0 mln

 

WEDNESDAY, NOV. 2

 

ADP employment Oct. – 91,000

 

FOMC announcement – –

 

Bernanke press conference – –

 

THURSDAY, NOV. 3

 

Jobless claims 10-29 401,000 402,000

 

ISM services Oct. 53.7% 53.0%

 

Factory orders Sept. -0.1% 2.1%

 

FRIDAY, NOV. 4

 

Nonfarm payrolls Oct. 93,000 103,000

 

Unemployment rate Oct. 9.1% 9.1%

 

Average hourly earnings Oct. 0.2% 0.2%

 

 

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Daily Analysis – Market Rests after Thursday’s Rally

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

Asian markets extended their gains on Friday, as investors cheered progress in the Euro debt crisis. The Nikkei rallied 1.4% to 9050, althoughOlympusshares continued to drop as the FBI announced it was investigating the firm’s finances. InKorea, the Kospi rose .4%, lifted by Samsung Electronics which announced it has surpassed Apple to become the number one smart phone maker. InChina, the Hang Seng rallied 1.7% to 20019, and the Shanghai Composite climbed 1.6%.

 

InEurope, the major indexes closed mixed, as the DAX inched up .1%, while the CAC40 lost .6% and the FTSE eased .2%. Despite the progress in the debt negotiations, yields at an auction of 10-year Italian bonds jumped past 6%, as investors remain anxious over the region’s future.

 

US markets closed little changed, with the Dow closing up 23 points to 12231, while the Nasdaq closed down fractionally.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/10/oct-31-dow-300x135.png

Market Pauses After Recent Rally

 

MF Global shares plunged 16%, extending their losses, after Moody’s downgraded the firm.

 

HP cancelled plans to spin off its pc business, sending shares up 3.5%.

 

 

 

Treasuries and Commodities

 

Bonds advanced, recovering slightly from Thursday’s steep losses. 10-year notes rose 22/32 to yield 2.32%, and 30-year notes climbed 1 18/32 to yield 3.38%.

 

Natural gas jumped 4.2% to 3.923, while gasoline fell 2.2% to 2.6822, and oil declined .7% to 93.32. Gold settled flat, while silver rose .5% to 35.288, and copper closed up .4% to 3.706.

 

 

 

Currencies

 

The major currencies consolidated after rallying sharply against the Dollar on Thursday. The Euro slipped .2% to 1.4148, the Pound rose .2% to 1.6132, and the Yen gained .2% to 75.83. The Australian Dollar and Canadian Dollar both declined fractionally, while the Swiss Franc eased .4% to 1.1584.

 

 

 

Economic Outlook

 

Personal spending jumped by .6%, in line with expectations while personal income rose a mere .1%, less than the .4% forecast. Consumer confidence rose to 60.9 from 57.5, better that expected.

 

Friday’s reports will include the Dallas Fed manufacturing survey, and Chicago PMI.

 

Earnings are scheduled for Allstate, Berkshire Hathaway, Loews, and Sotheby’s.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Option Analysis – Markets Slide as Investors Reexamine Last Week’s Gains

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

The Bank of Japan intervened in the currency markets, in an attempt to weaken the yen to aid exporters. The move initially pushed Japanese stocks higher, but the Nikkei closed down .7% as sellers took advantage of the bounce. The Kospi slid 1.1%, the ASX 200 declined 1.3%, and the Shanghai Composite eased .2%. The Hang Seng closed down .8%, but ended the month up an impressive 12.8%.

 

A fierce wave of selling hit European markets, as investors focused onItaly’s debt. The DAX and CAC40 both skidded 3.2%, while the FTSE shed 2.8%. Italy’s MIB index tumbled 3.8%, and European banking shares slumped 6.6%, as yields on Italy’s 10-year note remained above 6%, despite last weeks European Summit.

 

Selling continued across theAtlantic, as the Dow tumbled 276 points to 11955. The Nasdaq shed 1.9%, and the S&P 500 closed down 2.5%, while the VIX jumped more than 10%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/10/nov-1-dow-300x139.png

Stocks Erase some of Last Week's Gains

 

MF Global Finance filed for bankruptcy protection, adding to the pressure on financials.

 

Humana shares rallied 5.7% after beating earnings forecast and lifting its outlook.

 

 

 

Treasuries and Commodities

 

Bonds soared as investors questioned last weeks progress on the European debt front. 10-year notes spiked 1 25/32 to yield 2.11%, and 30-year notes rocketed up 4 30/32 to yield 3.13%.

 

Commodities traded lower almost universally. In energy, crude oil slipped .74 to 92.58, and gasoline dropped 1.9% to 2.596. Natural gas bucked the losses, inching up .1% to 3.928.

 

Gold fell 1.8% to 1716.20, silver dropped 2.8% to 34.30, and copper fell 2.7% to 3.605.

 

Agricultural futures slumped universally. Among the losers, coffee closed down 3.5%, and wheat slumped 2.5%.

 

 

 

Currencies

 

The Yen tumbled 3.1% to 78.18 and hit 79.49, after the Bank of Japan (BOJ) intervened in the currency markets. In August, a similar move by the BOJ was quickly undermined by sellers, so it remains to be seen if this effort will succeed.

 

The Euro dropped 2.1% to 1.3856, and the Australian Dollar fell 1.6% to 1.0536 as investors cashed in on last week’s sharp gains. The Pound closed down a modest .3% to 1.6084, and the Canadian Dollar fell .9% to 1.0001.

 

 

 

Economic Outlook

 

The Chicago PMI report showed a slowdown in business activity, as the index fell to 58.4 from 60.4.

 

Tuesday’s reports will include ISM manufacturing index, construction spending, and monthly auto sales figures.

 

Earnings are due from Pfizer, Credit Suisse, and Dollar Thrifty.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Analysis – Call for Greek Referendum Sends Markets in Tailspin

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

Global markets continued to fall on Tuesday, as call for a referendum by Greek’s Prime Minister threw into question that state of the country’s bailout deal. In Asia, the Nikkei dropped 1.7% to 8835, and the ASX 200 fell 1.5%, despite an interest rate cut byAustralia’s central bank. In greater China, the Hang Seng sank 2.5%, while the Shanghai Composite inched up .1%. InSouth Korea, the Kospi overcame morning weakness to close flat, as gains in automakers offset losses in financials.

 

European markets plunged, with the CAC40 closing down 5.4%, the DAX dropping 5%, and the FTSE shedding 2.2%. The possibility that a referendum would reject the latest bailout weighed especially hard on financials, sending banks and insurers down more than 6%.

 

In the US, the Dow dropped 297 points to 11658, the Nasdaq fell 2.9%, and the S&P 500 lost 2.8%. The VIX jumped more than 15% to 34.77, and nearly reached 38 earlier in the day.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/nov-2-vix.png

Volatile Swings in the VIX over the Past Week

 

GM tumbled 9.75% and Ford sank 5.1% despite reporting sales growth in October.

 

BB&T said it will purchase BankAtlantic for $3.3 billion, sending BankAtlantic shares up an astonishing 111%.

 

 

 

Treasuries and Commodities

 

Bonds extended their gains as fear gripped the market. 10-year notes climbed 1 3.32 to yield 1.99%, and 30-year notes rallied 2 24/32 to yield 3.00%.

 

Commodities slumped in a flight to safety. In energy, natural gas dropped 4.1% to 3.772, and crude oil fell 1.7% to 91.62.

 

Copper led metals lower, sinking 3.5% to 3.5065. Silver fell 3% to 33.32, and gold eased .2% to 1721.

 

 

 

Currencies

 

The shift to “risk-off” sent the Dollar sharply higher. The Canadian Dollar and Australian Dollar both suffered 2 % losses, dropping to 1.0197 and 1.0331 respectively. The Euro slumped 1.1% to 1.3697, and the Pound skidded .8% to 1.5948. The Yen settled down .1% at 78.33, a day after the BOJ intervened in the currency markets in an attempt to weaken the Yen.

 

 

 

Economic Outlook

 

Tuesday’s economic data was mostly negative. The ISM’s manufacturing report was weaker than expecting, unexpectedly declining from last month. Construction spending rose by just .2%, significantly lower than last month’s 1.6% gain, and slightly below forecasts. On the upside, monthly auto sales were 200K more than expected.

 

Wednesday’s reports will include the ADP employment report, the Challenger job-cut report, and the Fed will release a statement in the afternoon, at the close of the FOMC meeting.

 

Earnings are due from Clorox, Mastercard, Sony, Qualcomm, and Whole Foods.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Option Analysis – Upbeat US Employment Data Lifts Western Markets

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

Asian market closed mixed on Wednesday, as concerns over the European debt situation continued to weigh on investors. The Nikkei skidded 2.2%, as Sony shares dropped 3.6% ahead of earnings. Korea’s Kospi slipped .6%, and the ASX 200 dropped 1.1%. China’s markets rallied, with the Shanghai Composite climbing 1.4%, and the Hang Seng rallying 1.9%.

 

European stocks rallied, aided by goodUSdata and the Fed’s remarks that it was prepared to take action to keep the economy growing. The DAX jumped 2.3%, the CAC40 climbed 1.4% and the FTSE advanced 1.2%.

 

In the US, the Dow rallied 178 points to 11836, the S&P 500 gained 1.6% and the Nasdaq rose 1.3%. The Fed left interest rates unchanged, and cut its growth forecast to 1.6% for the coming year.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/nov-3-dow.png

Dow Gains 178 Points

 

 

 

Treasuries and Commodities

 

US bonds closed mixed, as 10-year notes ticked up 1/32 to yield 1.99%, and 30-year notes slipped 9/32 to yield 3.01%. German bonds skidded, as 10-year notes fell .54, and 30-year notes dropped 1.60.

 

Crude oil rose .7% to 92.80, while natural gas slipped .4% to 3.765.

 

Metals advanced, led by silver, which rallied 4.7% to 34.265. Copper climbed 2.6%, and gold gained 1.5% to 1738.20.

 

 

 

Currencies

 

The Dollar fell against other major currencies, as the market stabilized after Tuesday’s plunge. The Euro rose .5% to 1.3746 , and the Swiss Franc gained .6%, The Yen gained .4% to 78.07, the Australian Dollar rose .3% to 1.0341, and the Pound inched up .1% to 1.5952.

 

 

 

Economic Outlook

 

Wednesday’s ADP employment report showed a gain of 110K jobs last month, better than forecast, lifting hopes for Friday’s non-farm payroll report.

 

Thursday’s economic data will include weekly jobless claims, productivity, factory orders, ISM non-manufacturing index, and chain-store sales.

 

Earnings are due from AIG, CBS, and Unilever.

 

Binary Options Trading analysis written by Bradley Welcher

[AnPertiwi]

Thanks for your analysis, it was helpful. But why don't you create your own separate thread instead of creating new thread for each article?

[BinaryOptionStrategy]

Binary Options Analysis – Stocks Rally, ECB Cuts Interest Rates

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

Asian markets dropped on Thursday, despite Wednesday’s rally in Western markets. Korea’s Kospi sank 1.5%, weighed down by LG Electronics, which tumbled 14%. Australia’s ASX 200 slipped .3%, and the Hang Seng lost 2.5%, as heavyweight HSBC dropped nearly 3%. The Shanghai Composite inched up .2%, bucking the trend, and Japanese markets were closed for a holiday.

 

European shares rallied, amid hopesGreecewould abandon a plan for a referendum on last week’s bailout package. The CAC40 rallied 2.7%, the DAX jumped 2.7%, and the FTSE rose 1.1%. The ECB unexpectedly cut interest rates by .25%.

 

European leaders pledged thatGreecewould not receive any additional aid if it did not approve last week’s bailout package.

 

US markets followed Europe higher. The Dow rallied 208 points to 12044, the Nasdaq climbed 2.2%, and the S&P 500 advanced 1.9%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/nov-4-dow.png

Dow Rallies more than 200 Points

 

Qualcomm shares soared 7.5% after beating analyst forecasts and raising its outlook. In contrast, Kellogg shares sank 7.6% after issuing a weak outlook.

 

 

 

Treasuries and Commodities

 

Bonds fell amid renewed hopes for a European debt deal. 10-year notes dropped 25/32 to yield 2.07%, and 30-year notes lost 2 9/32 to yield 3.12%.

 

Crude oil led energy higher, gaining 1.78 to 94.29. Natural gas rose 1.5% to 3.804, and gasoline ticked up .6% to 2.644.

 

Gold jumped 36.10 to 1765.70, silver rose 1.6% to 34.345, and copper edged up .2% to 3.5895.

 

Wheat and soybeans both posted gains of 2%.

 

 

 

Currencies

 

The Dollar remained under pressure despite the ECB’s rate cut. The Euro rose .7% to 1.3813, recovering from an earlier drop down to 1.3658. The Australian Dollar rallied 1% to 1.0406, and the Canadian Dollar jumped .8% to 1.0075, as investors flocked to risk. The Pound and Swiss Franc both rose .7%, and the Yen inched up .1% to 78.05.

 

 

 

Economic Outlook

 

Weekly jobless claims dropped to 397K, 9000 less than last week, and better than forecast. Worker productivity jumped to 3.1%, more than expected, and factory orders unexpectedly rose by .3%.

 

Friday will feature the monthly non-farm payroll report. Analysts have forecast a gain of 97K jobs.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Report (Oct. 31- Nov. 4)

 

To read the Weekly fundamental analysis click here

 

Markets

 

Stocks regained losses in a volatile trading session Friday but still finished lower as investors tried to get a handle on the Euro zone and ahead of a key confident vote in Greece.

 

The Dow Jones Industrial Average finished lower. The S&P 500 and the Nasdaq also closed lower.

 

 

 

DJIA CHART

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/a.png

 

 

 

 

FOREX

 

The Euro fell sharply against the US Dollar because of a clear deterioration in domestic fiscal issues. This was underlined by fresh troubles in Greece. The quick fixe to the deeply entranched fiscal problems across the Euro zone were open wide when Greek Prime Minister proposed putting the latest austerity packages to a domestic referendum. This quick about face and short term resolution later show clearly things are no clearer than they were at the start of the week.

 

Investors seem to have endless reasons to remain bearish the Euro (EURUSD)and other key counterparts. The Euro tumbled on suggestions that Greece could derail weeks of negotiations on the most recent fiscal aid packages. The crisis seems to be averted as Prime Minister Papandreou backed away from plans to put fresh austerity restrictions to a popular vote. Still, it is safe to say, uncertainty reigns as Italian bond yields shot higher and markets remain nervous.

 

A relatively empty week of Euro zone economic news suggests that volatility could slow in the days ahead. However, the recent price action emphasizes that sharp moves can come on any number of unexpected announcements. The Greek government narrowly passed a no confidence vote. This vote avoided Greece putting itself into further crisis via new elections. Greece is a mere distraction compared to the trouble brewing in Italy. It is safe to day that the lack of confidence in the existing government threatens to put the whole Euro zone at risk.

 

 

 

EURUSD Chart

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/b.png

 

 

 

 

COMMODITIES

 

Oil prices rose Friday as concerns about the European financial crisis were balanced by improving jobs data in the US. Crude rose 19 cents to end at $94.26 per barrel. Gold for December delivery closed down $9 at $1,756.10 at the Comex division of the New York Mercantile Exchange.

 

 

 

CRUDE OIL Chart

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/c.png

 

 

EQUTIES

 

AIG tumbled after the insurer missed results following an impairment charge in its aircraft leasing unit. Starbucks gained after the world’s largest coffee chain posted earnings that were better than expected. On the tech front, AMD fell after the microprocessor maker said it is slashing almost 1,4000 jobs. This move comes due to the weak PC market and manufacturing delays.

 

 

 

 

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Fundamental Analysis and the Week Ahead

 

To read the Weekly technical report click here

 

ECONOMIC NEWS

 

US employment rose 80,000 in October. This was less than a gain of 95,000 that economists had expected. However, the jobless rate slipped to a six month low of 9 percent. Also, an upward revision to the prior months’ job gains pointed to a possible gain of strength in the jobs market.

 

THE WEEK AHEAD

 

MONDAY: Consumer credit

 

TUESDAY: NFIB small biz optimism index, 3-yr note auction, EU finance ministers meet

 

WEDNESDAY: Weekly mortgage apps, wholesale trade, oil inventories, 10-yr note auction

 

THURSDAY: International trade, jobless claims, import & export prices, 30-yr bond auction

 

FRIDAY: US Holiday—Veteran’s Day. Markets open, banks closed. Consumer sentiment, French short sale ban ends

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Binary Options Analysis – Stocks Mixed as US Payroll Data Disappoints

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

Asian markets rallied after Greece canceled a call for a national referendum on the recent bailout deal. The Nikkei climbed 1.9%, although Sony shares dropped 7.9% after lowering its outlook for the 4th quarter. The Kospi and Hang Seng both surged 3.1%, and the ASX 200 advanced 2.6%, led by miners. China’s Shanghai Composite closed with a gain of .8%.

 

European markets slumped, as disappointment over the G20 meeting weighed on investors. Despite high hopes, the meeting generated little support for Europe’s bailout fund. The DAX tumbled 2.7%, the CAC40 slumped 2.3%, while the FTSE escaped the wreckage, easing just .3%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/nov-7-dax.png

Germany's DAX Tumbles 2.7%

 

US payroll data showed job growth was significantly lower than expected, gaining just 80K jobs October. Economists had forecast a jump of 95K jobs. USstocks closed modestly lower, but were well off their session lows. The Dow dropped 61 points to 11983, the Nasdaq slipped .4% and the S&P 500 declined .6%. The VIX eased slightly, settling just above 30.

 

Starbucks shares jumped 6.7% after reporting strong profits, while AMD shares fell 1% due to a weak PC market.

 

Groupon’s IPO was a huge success, with shares closing at 26.11, after the IPO priced at $20 a share.

 

 

 

Treasuries and Commodities

 

Bonds rose, with 10-year notes up 11/32 to yield 2.03%, and 30-year notes gained 20/32 to yield 3.09%.

 

Energy ended modestly higher, with crude oil up .2% to 94.28, gasoline up .8% to 2.6643, and natural gas up .1% to 3.783.

 

Metals declined, led by silver which dropped 1.2% to 34.084. Gold fell .5% to 1756.10, and copper fell .7% to 3.5654.

 

 

 

Currencies

 

The Canadian Dollar dropped 1% to 1.0188, after employment data showed an unexpected drop in jobs. The Swiss Franc fell .9% to 1.1287, and the Euro fell .2% to 1.3782. The Pound closed flat, and the Yen eased .2% to 78.24.

 

 

 

Economic Outlook

 

While the jobs report was weaker than forecast, the unemployment rate declined to 9% from 9.1%. The economy does appear to be growing, although much slower than desired.

 

Monday’s sole report will be consumer credit, which last month dropped by $9.2 billion.

 

Earnings are due from Dryships, Dish Network, and Sotheby’s.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Analysis – Global Equities End Mixed, Commodities Gain

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

Monday opened the week on a down note in Asia, as concerns overItaly’s debt burden pressured stocks. The Nikkei fell .4% to 8767, the Kospi declined .5% and the ASX 200 eased .2%. InChina, the Shanghai Composite fell .7% and the Hang Seng slumped .8%.

 

European markets recovered from steep losses to close modestly lower, boosted by rumors that Italy’s Prime Minister Silvio Berlusconi might resign. The CAC40 and DAX both closed down .6% and the FTSE shed .3%. Italy’s MIB index rallied 1.3%, overcoming early losses.

 

US stocks gained, with the Dow closing up 84 points to 12068. The Nasdaq rose .3% and the S&P 500 gained .6%. Healthcare shares rallied, after Amgen announced a $5 billion stock buyback plan. Amgen shares surged 5.9% higher.

 

Barnes & Noble announced an update to its Nook e-reader, intended to compete with Amazon’s Kindle Fire. Barnes & Noble shares fell 1.9%.

 

 

 

Treasuries and Commodities

 

Bonds closed slightly higher, with 10-year notes up 7/32 to yield 2.01%, and 30-year notes up 19/32 to yield 3.06%.

 

Crude oil climbed 1.5% to 95.65, and gasoline rallied 2.6% to 2.733, while natural gas fell 2.3% to 3.696.

 

Precious metals posted significant gains, as gold advanced 2.4% to 1797.80, and silver climbed 2.6% to 34.965. Copper edged up .2% to 3.5730.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/nov-8-gold.png

Gold Continues to Climb

 

 

Currencies

 

The Swiss Franc tumbled 1.6% to 1.1098 after a Swiss government panel recommended the Swiss National Bank lift the EURCHF exchange floor from 1.20 to 1.30. The EURCHF rate is currently 1.2413. A strong Franc is threatening to push Switzerland into recession as it struggles to compete with its Euro-based peers.

 

The Dollar traded mixed against the other major currencies, as the Euro eased .1% to 1.3776, while the Pound rose .2% to 1.6054. The Australian Dollar overcame an early loss of nearly 1% to close down fractionally at 1.03711, and the Canadian Dollar gained .6% to 1.0128.

 

 

 

Economic Outlook

 

Consumer credit was stronger than forecast climbing by $7.1 billion, after last month’s sharp drop of $9.7 billion.

 

Tuesday’s sole economic report is the TIPP Economic Optimism Report.

 

Earnings are due fromToyota, Amdocs, SINA, and Take Two Interactive.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Analysis – 9/11/2011

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

Asian markets fell for a second day. InJapan, the Nikkei fell 1.3%, ahead ofToyota’s earnings. After the close,Toyotareported a steep 32% drop in profits and retracted its annual forecasts due to flooding inThailand. Olympusfell 29%, the daily limit, after admitting it had defrauded investors by covering up losses.

 

The Kospi dropped .8%, weighed down by Hynix Semiconductor’s 4.6% loss. Australia’s ASX 200 managed to buck the trend, gaining .5%. China’s Shanghai Composite eased .2% and the Hang Seng ended flat, surrendering early gains.

 

In Europe, the major indexes rallied. The CAC40 advanced 1.3%, the FTSE climbed 1% and the DAX rose .6%. InItaly, the government narrowly approved a budget package, but by an extremely narrow margin. Later in the day, Italian Prime Minister Berlusconi announced he will resign, a highly anticipated move.

 

US markets continued to climb, in a broad rally which lifted all major S&P sectors. The Dow closed up 102 points to 12170, while the Nasdaq and S&P 500 both rallied 1.2%.

 

Priceline shares jumped 8.6% after reporting strong profits. Amylin Pharmaceuticals dropped 11% after announcing an end to a partnership with Eli Lilly.

 

 

 

Treasuries and Commodities

 

Bond prices eased, reversing Monday’s gains. 10-year notes closed down 11/32 to yield 2.08%, and 30-year notes fell 24/32 to yield 3.13%.

 

A $32 billion auction in 3-year notes had a high yield of .379% and a bid-to-cover ratio of 3.41. On Wednesday, the Treasury will auction $24 billion in 10-year notes.

 

Commodities settled mostly higher. Crude oil gained 1.5% to 96.96, its highest close in 3-months. Natural gas closed up 1.7% at 3.759, while gasoline slipped .4% to 2.7179.

 

 

Crude Climbs to its Highest Level Since August

Metals traded mixed, with gold down 5.90 to 1785.20, while silver rose .4% and copper gained .6%.

 

Agriculturals were mixed as well. Wheat jumped 2.9% and sugar climbed 2.3%, while coffee fell 1.5%.

 

 

 

Currencies

 

The Dollar traded lower against the major currencies. The Euro and Yen both rose .5%, and the Swiss Franc gained .6% to 1.1171. The Pound edged up .2% to 1.6089, and the Canadian Dollar rose .4% to 1.0093.

 

 

 

Economic Outlook

 

The NFIB small business optimism index rose to 40.6 from 40.3, but was below expectations.

 

Wednesday’s economic reports will include wholesale trade, weekly mortgage applications, and weekly oil inventories.

 

Earnings are due from GM, HSBC, Macy’s, Cisco, and Anheuser Busch.

 

 

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Analysis – Wester MarketsTumble on Contagion Fears

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

Asian markets rose, lifted by hopes that the announced resignation of Italy’s Prime Minister would help in stabilizing the country’s debt crisis. The Nikkei rallied 1.2% to 8755, but Olympus shares continued their freefall, dropping by 20%. In Korea, the Kospi ticked up .2%, despite losses of more than 4% in market heavyweights, LG Display and Hynix Memory. Around the region, the ASX 200 gained 1.2%, the Shanghai Composite rose .8%, and the Hang Seng shined, jumping 1.7%.

 

In contrast, European markets dropped, as concern over Italy took center stage. Yields on Italy’s 10-year notes crossed above 7%, signaling the market has little confidence in the country’s ability to pay its debts. The DAX and CAC40 both fell 2.2% and the FTSE shed 1.9%.

 

The selling pressure intensified in the US with the Dow tumbling 389 points to 11780. The S&P 500 plunged 3.7% and the Nasdaq dropped 3.8%, as the VIX rocketed up 31% to 36.16. News that Greece’s government had failed to agree on a new prime minister added to the European debt fears.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/nov-10-dow.png

The Dow Tumbles Nearly 400 Points

 

HSBC shares fell 8.7% after posting a 36% drop in profits. Macy’s shares sank 5.3%, and GM shares tumbled 10.9% even though both companies beat profit estimates.

 

 

 

Treasuries and Commodities

 

A $24 billion auction in 10-year notes had a high yield of 2.03% and bid-to-cover ratio of 2.64.

 

A flight to safety pushed bonds higher, with 10-year notes up a full point to yield 1.97%, and 30-year notes up 2 11/32 to yield 3.03%.

 

Commodities posted significant losses thanks to the broad selloff. In energy, Gasoline dropped 2.2% to 2.6466 and crude oil declined .8% to 96.03, despite an unexpected drop in oil inventories.

 

Copper led metals lower, dropping 3.9% to 3.394. Gold shed 1.7% to 1768.80, and silver lost 3.5% to 33.925.

 

 

 

Currencies

 

The Dollar soared as fears of contagion sent the Euro down 2.1% to 1.3546. The Australian Dollar, representative of the risk-trade tumbled 2.3% to 1.0150. The Swiss Franc shed 1.6% to 1.1001, and the Pound fell 1.1% to 1.5920.

 

 

 

Economic Outlook

 

Political instability in Europe is threatening to make solving the debt problems even more challenging, and is raising the likelihood of a global recession due to contagion.

 

Wednesday’s economic data was positive, but buyers failed to notice. Wholesale inventories fell last month for the first time in nearly 2 years, and weekly mortgage applications rose.

 

Thursday’s reports will include international trade, import and export prices, and weekly jobless claims.

 

Earnings are due from Disney, Kohl’s, Nordstrom and Nvidia.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Analysis – Asia Tumbles, Western Markets Calm

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

Following Wednesday’s selloff in Western markets, Asian markets closed sharply lower. The Nikkei fell 2.9%, the Kospi tumbled 4.9%, and the ASX 200 dropped 2.4% as fears over Italy’s debt burden triggered a broad selloff. In China, the Shanghai Composite shed 1.8%, and the Hang Seng plunged 5.3%, as heavyweight HSBC sank more than 9%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/nov-11-kospi.png

Asian Markets Tumble on European Debt Fears

 

European markets ended mixed, as the CAC40 and FTSE both fell .3%, while the DAX gained .7%. Italy’s MIB index rallied 1%, as hopes for a new government helped push yields below 7%. News that that the ECB was buying Italian and Spanish bonds helped calm the markets.

 

The Dow climbed 113 points to 11893 and the S&P 500 gained .9% as investors went bargain hunting after Wednesday’s slide. The Nasdaq posted a much slimmer .1% gain.

 

Cisco shares jumped 5.7% after beating analyst forecasts. GreenMountainplunged 39% as weak revenue data sent investors running.

 

 

 

Treasuries and Commodities

 

Bonds fell, as the market calmed. 10-year notes shed 18/32 to yield 2.06%, and 30-year notes dropped 1 23/32 to yield 3.11%.

 

A $16 billion auction in 30-year notes had a high yield of 3.199% and a low bid-to-cover ratio of 2.4.

 

Crude oil rallied 2% to 97.69, while gasoline lost .5% to 2.63. Metals traded lower, led by copper, which declined 2% to 3.372. Gold sank 1.8% to 1760, and silver slipped .9% to 34.05.

 

Agricultural futures ended mixed, as wheat dropped 3.6%, while cotton gained 2.4%.

 

 

 

Currencies

 

The US Dollar surrendered some of its gains from the previous session, dropping against all major currencies. The Euro gained .6% to 1.3606, and the Pound rose by .2% to 1.5937. The biggest gainer was the Canadian Dollar, which climbed .7% to 1.0172. The Yen ticked up .2% to 77.63, as the market slowly challenges the Bank of Japan’s intervention efforts.

 

 

 

Economic Outlook

 

Weekly jobless claims fell to 390K, the best reading since April, and significantly better than the 400K forecast. The budget deficit unexpectedly dropped to $43.1 billion.

 

Friday’s sole report is the University of Michigan’s Consumer Sentiment report. Friday is Veteran’s Day, so banks will be closed, but the market is open.

 

 

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Report (Nov. 7- Nov. 11)

 

To read the Weekly fundamental analysis click here

 

Markets

 

Stocks finished higher Friday. Marekets ended up extending gains for a second session. This comes amid signs of stabilization in the Euro zone. Also comes after a better than expected consumer report. All three major averages are now in positive territory for 2011.

 

The Dow Jones jumped 259.89 points, or 2.19 percent, to finish at 12,153.68. The S&P 500 rose 24.16 points, or 1.95 percent, to close at 1,263.85. The Nasdaq exploded for 53.60 points, or 2.04 percent, to end at 2,678.75.

 

 

 

DJIA CHART

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/a1.png

 

 

 

 

 

FOREX

 

The Euro ended the week on a good note. The market ended upposting the largest daily rally in two weeks and trimming its weekly loss to just 0.2 percent on average against the major currencies. Optimism emerged after Greece finally settled on Lucas Papademos as thier new Prime Minister. Also, Italy abandoned plans for disruptive early elections in favor of a technocrat transition government headed by former EU Commissioner Mario Motti. The news stroked hopes that the emergence of coherent stewardship will speed the passage of austerity measures and calm already nervous financial markets. Thereby lightening the debt burden on both countries by bearing down on borrowing costs.

 

This week, this happy mood is might not prove lasting. While the passage of deficit reduction plans is certainly a step in the right direction, it is clearly their effective implementation is what investors are truly concerned about. Greece has proven to be an excellent case study of a country that promised a lot but delivered very little. they have been failing repeatedly to meet the budget benchmarks set by the EU and the IMF. With that said, traders are unlikely to expect much more of Italy.

 

EURUSD Chart

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/b1.png

 

 

 

 

 

COMMODITIES

 

Crude rose $1.26 cents to end the week at $95.52. The market price has not finished that high since July 29. Brent crude, which is used to price many foreign oil varieties, rose $2.59 to finish at $114.56 in London. Gold for December delivery closed down $9 at $1,756.10 an ounce at the Comex division of the New York Mercantile Exchange.

 

CRUDE OIL Chart

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/c1.png

 

 

 

 

 

EQUTIES

 

Walt Disney rose after the media conglomerate posted sales that beat expectations as advertising rose at the company’s cable networks and theme park revenue increased. Nvidia rose after the chipmaker posted results that topped estimates. Although its revenue forecast was a lower than expected. Meanwhile, Citigroup raised the company’s price target on the firm to $17 from $14. Also, shares of Caterpillar rose after the heavy equipment maker said it will move production of some equipment from Japan to North America. they are doing this to be closer to customers in the Americas and Europe.

 

 

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Fundamental Analysis and the Week Ahead

 

To read the Weekly technical report click here

 

ECONOMIC NEWS

 

U.S. consumer sentiment rose to its highest level in five months in early November as Americans felt better about the economic outlook. The Thomson Reuters/University of Michigan’s preliminary reading on the overall index on consumer sentiment rose to 64.2 from 60.9 the month before. This figure topping the median forecast of 61.5 among economists. The survey’s gauge of consumer expectations climbed to 56.2 from 51.8. While respondents were no more positive about the current state of the economy, they were less likely to expect it to worsen in the year ahead. Also, Italy dropped plans for a disruptive round of elections and appointed a stewardship to lead the government.

 

THE WEEK AHEAD

 

MONDAY: MF Global bankruptcy proceedings, 13-F filings due

 

TUESDAY: Fed’s Bullard speaks, Fed’s Evans speaks, PPI, retail sales, Empire state mfg survey, Fed’s Williams speaks, business inventories, Fed’s Lacker speaks, Fed’s Fisher speaks,

 

WEDNESDAY: Weekly mortgage apps, CPI, industrial production, housing market index, oil inventories, Fed’s Lacker speaks, Fed’s Rosengren speaks

 

THURSDAY: Housing starts, jobless claims, Philadelphia Fed survey, Fed’s Pianalto speaks

 

FRIDAY: Leading indicators

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Daily Analysis - November 14

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

Asian markets rose on Friday, following Thursday’s steep decline. The Nikkei ticked up .2% to 8514, whileOlympusshares were placed on a supervisory watch, an initial step towards a possible delisting. Korea’s Kospi rallied 2.8% as Samsung Electronics soared more than 5%, and Australian’s ASX 200 gained 1.2%. In greater China, the Hang Seng advanced .9% to 19137, and the Shanghai Composite rose fractionally.

 

In Europe, markets rallied on hopes Italy would soon resolve its political divide. The DAX soared 3.2%, the CAC40 gained 2.8%, and the FTSE climbed 1.9%. Italy’s MIB index surged 3.7% as the Italian Senate took steps towards implementing a new round of austerity measures.

 

 

US markets rallied for a second day, moving back into positive territory for the year. The Dow jumped 260 points to 12154, and the S&P 500 and Nasdaq both advanced 2%.

 

In earnings news, Disney shares soared 6% after beating analyst expectations, and Nvidia climbed 3.5% on strong earnings.

 

 

 

Treasuries and Commodities

 

The US bond market was closed on Friday for Veteran’s day. Overseas, German bonds tumbled with 10-year notes down .85, and 30-year notes down 2.17.

 

Oil continued to rally, closing up 1.21 to 98.99, while natural gas fell 1.8% to 3.584, and gasoline slipped 1.3% to 2.6038.

 

Metals posted solid gains, led by copper which rose 2.7% to 3.4635. Gold advanced 28.50 to 1788.10, and silver gained 1.7% to 34.68.

 

 

 

Currencies

 

The Dollar retreated as currency traders moved back into “risk on” mode. The Australian Dollar staged an impressive rally, jumping 1.3% to 1.0280 after dropping to 1.0108 in the early morning. The Euro climbed 1.1% to 1.3750, and the Pound gained .8% to 1.6064. The Yen’s advance picked up steam, rising .6% to 77.18, and the Swiss Franc closed up .5% to 1.1099.

 

 

 

Economic Outlook

 

Consumer sentiment data from the University of Michigan exceeded expectations, climbing to 64.2 from last month’s 60.9.

 

No major economic reports are due on Monday. Earnings are scheduled for JC Penney, Limited Brands, Lowe’s, and Urban Outfitters.

 

 

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Option Analysis – Italian Debt Fears Send Western Markets Lower

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

New leaders were appointed in Italy and Greece over the weekend, lifting Asian stocks. The Nikkei climbed 1.1% to 8604, the Kospi jumped 2.1%, while the ASX 200 ticked up .2%. China’s markets rallied strongly, as the Shanghai Composite and Hang Seng both gained 1.9%.

 

The mood shifted in Europe, pushing the major indexes lower. The CAC40 dropped 1.3%, the DAX sank 1.2% and the FTSE slipped .5%. Debt fears were stoked by an auction of 5-year Italian bonds, which yielded a record high 6.2%, up nearly 1% from last month. Credit Suisse was placed under review by Moody’s, sending the shares down 3.4%.

 

US markets ended lower, with financials leading the declines. The Dow fell 75 points to 12079, the S&P 500 lost 1%, and the Nasdaq shed .8%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/nov-15-sp-500.png

S&P 500 Drops 1%

 

Salesforce.com closed up 2.8% after Citigroup upgraded the company to “buy”.

In earnings news, JC Penney shares dropped 2.8% after reporting a loss and a weak outlook. Lowe’s shares gained 1.7% after beating analyst forecasts and lifting its outlook.

 

 

Treasuries and Commodities

Bonds posted gains as equities fell. 10-year notes closed up 6/32 to yield 2.04%, and 30-year notes advanced 31/32 to yield 3.08%.

 

Natural gas led energy lower, plummeting 3.6% to 3.454. Gasoline dropped 2.8% to 2.5308, and crude oil sank 1% to 98.01.

 

Metals closed mixed, as copper rose .8% to 3.491, while precious metals dropped. Gold fell .4% to 1781.40 and silver sank 1.2% to 34.26.

 

 

Currencies

European currencies retreated against the Dollar. The Pound fell 1% to 1.5910, the Euro shed .9% to 1.3626, and the Swiss Franc declined .7% to 1.1020. The Australian Dollar dropped .8%, while the Yen inched up .1% to 77.11.

 

 

Economic Outlook

Tuesday’s reports will include PPI, retails sales, the Empire State manufacturing survey, and business inventories.

 

Earnings are scheduled for Autodesk, Beazer Homes, Dell, Home Depot, Staples, and Wal-Mart.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Analysis – Upbeat Economic Data Lifts US Markets

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Selling pressure hit Asian markets, as rising interest rates in Italy and Spain triggered nervous selling. The Nikkei dropped .7% to 8542, the Kospi declined .9%, and the ASX 200 skidded .4%. Hong Kong’s Hang Seng fell .8%, while the Shanghai Composite bucked the downtrend, closing up fractionally.

 

European markets closed lower in a volatile session, as a spike in French interest rates hurt financial shares. The CAC40 slumped 1.9%, as BNP Paribas and Societe Generale both tumbled more than 5%. The DAX declined .9% and the FTSE closed down fractionally, recovering from a sizable loss earlier in the day. Italy’s new prime minister, Mario Monti succeeded in forming a government, helping stocks pare their early losses.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/nov-16-ftse-recovers.png

Afternoon Rally Helps FTSE Pare Losses

 

In the US, stocks gained, led by the Nasdaq, which rallied 1.1%. The Dow closed up 17 points to 12096, and the S&P 500 rose .5% to 1258.

 

Staples shares dropped 3.6% after reporting weak sales and cutting its profit forecast. Wal-Mart dropped 2.4% after falling short of analyst forecasts.

 

 

Treasuries and Commodities

Bonds rose modestly, with 10-year notes settling up 2/32 to yield 2.05%, and 30-year notes gaining 16/32 to yield 3.08%.

 

In the UK, bonds rallied, particularly the 30-year note, which rose 1.16 to yield 3.13%.

 

Commodities traded mostly higher, as upbeat economic data suggested the US economy is in better shape than feared. In energy, crude oil gained 1.3% to 99.43, gasoline jumped 1.9% to 2.5834, while natural gas declined 1.2% to 3.415.

 

Among metals, silver shined, climbing 1.6% to 34.58. Gold and copper both rose .3%.

 

Agricultural futures rallied across the board. Cotton jumped 4.1%, coffee advanced 3.7%, and wheat gained 2.8%.

 

 

Currencies

The Dollar advanced for a second day. The Euro fell .6% to 1.3535, the Pound declined .5% to 1.5814, and the Swiss Franc slumped .8% to 1.0924. The Canadian Dollar fell .4% to 1.0212, while the Yen inched up .1% to 77.06.

 

 

Economic Outlook

Tuesday’s economic data projected a healthy outlook for the US economy. Retails sales rose by.6%, more than forecast, and the Empire State manufacturing survey unexpectedly climbed, snapping a 5-month losing streak. PPI unexpectedly fell thanks to a drop in commodity prices.

 

Wednesday’s reports will include CPI, industrial production, the NAHB Housing Market Index, weekly mortgage applications, and weekly oil inventories.

 

Earnings are due from Target, Applied Materials, and Abercrombie and Fitch.

 

Binary Options Trading analysis written by Bradley Welcher

[Gumbert]

new thread everyday?, hm...

[BinaryOptionStrategy]

Binary Options Analysis - 17/11

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

Asian markets ended lower as investors focused on debt troubles in Europe. China’s markets led the declines, as the Shanghai Composite shed 2.5%, and the Hang Seng skidded 2%, following a report from the IMF that China’s banks face systemic risks. The Nikkei fell.9% to 8463, while Olympus shares surged 15%, amid growing expectations that the company will not be delisted. The Kospi dropped 1.6%, and the ASX 200 slid .9%.

 

In Europe, news that the ECB was buying bonds helped stabilize the markets. The major indexes closed mixed, with the CAC40 up .7%, while the DAX slipped .2% and the FTSE eased .1%. Despite the ECB’s efforts, Italian 10-year notes settled above the 7%.

 

Heavy selling hit US stocks in the last hour of the day, as investors were spooked by a report from Fitch which discusses US bank exposure to European debt. The Dow dropped 191 points to 11906, and the S&P 500 and Nasdaq both fell 1.7%.

 

Financials tumbled, as Citigroup dropped 4%, Morgan Stanley tumbled 8% and Goldman Sachs lost 4.2%.

 

Abercrombie & Fitch shares plunged 14% after missing earnings estimates. Dell lost 3.2% after warning it may miss its revenue forecast for the year due to supply issues.

 

Treasuries and Commodities

US treasuries gained as 10-year notes rose 12/32 to yield 2.0%, and 30-year notes climbed 30/32 to yield 3.04%. Overseas, German bonds fell modestly, with 10-year notes down .30 and 30-year notes down .42.

 

Commodities ended mostly lower, although oil was a notable exception, soaring 2.5% to 101.83, following a report which showed a drop in supplies Natural gas fell 1.7% to 3.347.

 

 

Oil Soars Past the $100 Mark

In metals, silver sank 2% to 33.76, gold lost 1% to 1764.90, and copper declined .7% to 3.4765.

 

Currencies

The Australian Dollar tumbled 1.1% to 1.0081, as risk aversion hit the market. The Euro and Pound both lost .5% to 1.3463 and 1.5730 respectively, and the Canadia n Dollar eased .3% to 1.0236.

 

Economic Outlook

Wednesday’s reports were upbeat, suggesting the economic recovery is picking up. The housing market index jumped to 20 from 17, its highest level in 18 months. Industrial production rose .7%, more than forecast. CPI data showed a drop of .1% in prices, but core CPI, which excludes food and energy, rose .1%.

 

Thursday’s economic reports will include housing starts, the Philly Fed survey, and weekly jobless claims.

 

Earnings are due from Sears, Gap, Gamestop, and Dollar Tree.

 

Binary Options Trading analysis written by Bradley Welcher