Binary Options Analysis

[Gumbert]

what makes you open a new thread everyday?? just post all your "unique" and "valuable" analytics info in one thread.

[BinaryOptionStrategy]

Binary Option Analysis – Stocks Tumble as European Bond Yields Surge

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets closed mixed, as the major indexes pared early losses. The Nikkei rose .2% to 8480, the Kospi rallied 1.1%, and the ASX 200 ticked up .3%. China’s markets closed lower, as the Shanghai Composite eased .2%, and the Hang Seng dropped .8%, weighed down by real estate companies.

 

European markets sank, as rising bond prices reinforced fears of contagion. The CAC40 tumbled 1.8%, the DAX fell 1.1%, and the FTSE slumped 1.6%. Spanish bond prices continued to drop, pushing yields on 10-year Spanish notes up to 6.975% in a government auction, with a weak bid-to cover ratio of 1.54.

 

The selling continued in the US, with the Dow dropping 135 points to 11771, the Nasdaq falling 2%, and the S&P 500 closing down 1.7% to 1216.

 

Children’s Place shares surged 15.1% on strong earnings results, and lifted its outlook. Sears dropped 4.6% after reporting a loss due to weak demand, and NetApp shares tumbled 12.3% after reporting a drop in profits.

 

Treasuries and Commodities

US bonds rose moderately, with 10-year notes up 10/32 to yield 1.97%, and 30-year notes up 29/32 to yield 2.98%. In Europe, German bonds sold off, with 10-year notes down .70 to yield 1.89%, and 30-year notes down 1.58 to yield 2.56%.

 

Commodities were hit by a steep selloff that pulled down nearly every entry on the board. Crude oil dropped 3.6% to 98.93, a day after breaking through the $100 barrier and gasoline futures tumbled 4.6%. An unexpected drop in natural gas storage sent natural gas up 3.2%, escaping the selling pressure.

 

Silver plunged 6.6% to 31.575, leading metals lower. Gold closed down 3.1% to 1719.60, and copper shed 3.4% to 3.367.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/nov-18-silver.png

Silver Plunges 6.6% in a Broad Commodity Selloff

 

Corn dropped 4.4%, cotton fell 4%, and wheat sank 3.9% as agricultural futures joined in the slide.

 

Currencies

The Australian Dollar fell below the 1.000 parity level, closing down .8% to .9997, and the Yen rose .1% to settle below 77 at 76.98. The Canadian Dollar skidded .5% to 1.0289. The Euro closed up fractionally surrendering early gains, and the Pound gained .2% to 1.5754.

 

Economic Outlook

Thursday’s economic data was mostly positive. Weekly jobless claims dropped to their lowest level in 7-weeks at 388K, better than forecast. Building permits were higher than expected, while housing starts were in line with analyst expectations. On a weaker note, the Philly Fed manufacturing index unexpectedly dropped to 3.6 from 8.7.

 

Friday’s sole report will be leading indicators. Earnings are due from Heinz and Kirkland’s.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Report (Nov. 14- Nov. 18)

 

To read the Weekly fundamental analysis click here

 

Markets

 

Equity markets finished mixed in another thin, erratic session Friday. This comes as investors were reluctant to commit to the market ahead of the weekend and amid ongoing fear over the debt talks in Europe and Washington.

 

All three major averages closed at their worst levels in nearly two months. The Dow Jones Industrial Average edged out a gain of 25.50 points, or 0.22 percent, to finish at 11,796.23. The S&P 500 slipped 0.46 points, or 0.04 percent to end at 1,215.67. The Nasdaq fell 15.49 points, or 0.60 percent, to close at 2,572.50.

 

DJIA CHART

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/a2.png

 

 

 

FOREX

 

The outlook for the Japanese Yen continues to depend on which currency pairingis in question. This is with the crosses continuing to show a strong sensitivity to broad based market sentiment trends while the benchmark USDJPY is distorted by intervention risk. However, the principal consideration for the week ahead is the severity of Eurozone sovereign stress and investors’ resulting demand for the Yen as a safe haven.

 

The Yen fulfills both critical characteristics of an attractive safe haven asset. It is the world’s third most traded currency. This fact making the market liquid and thereby a compelling place to park capital at times of crisis because retrieving it is relatively easy once a problem passes and reallocation to higher yielding investments is desired. The Yen is also an excellent store of value courtesy of Japan’s anemic inflation rate. In fact, year-on-year CPI has been sinking deeper into negative territory over the past three months.

 

USDJPY Chart

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/b2.png

 

 

COMMODITIES

 

Oil prices dropped below $98 per barrel Friday at the end of a volatile week. The week showed mixed fears about Europe’s debt along with the prospect of tighter oil supplies and improving economic conditions in the US. Gold closed $4.90 higher to $1,725.10. Even thouggh gold was losing momentum in after-hours trading. The gold price has traded as high as $1,738.50 and as low as $1,711.40, while the spot gold price was up $4, according to Kitco’s gold index. Gold’s strength was due to the change in the US dollar as physcal demand was $2 lower.

 

Gold Chart

 

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/c2.png

 

 

EQUTIES

 

Marvell Technology gained even after the chipmaker posted a decline in revenue and warned that the flooding in Thailand may hurt demand for hard drive controllers. Salesforce fell after the web-based software maker reported a quarterly loss as its market and sales costs increased sharply in addition to a tepid outlook. Clearwire tumbled more than 30 percent after the wireless Internet service provider’s CEO discussed whether the firm would make its debt payment due Dec. 1 Shares were halted four times.

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Fundamental Analysis and Week Ahead

 

To read the Weekly technical report click here

 

ECONOMIC NEWS

 

Economic activity in the US climbed 0.9 percent in October. This is a sixth straight gain, according to the Conference Board. Economists had expected the index to rise 0.6 percent. In Europe, new ECB President Mario Draghi urged Euro zone governments to jump start the region’s rescue funds. This move is resisting pressure on the bank to do more to tackle the debt crisis.

 

 

 

THE WEEK AHEAD

 

MONDAY: Chicago Fed nat’l activity index, existing home sales, 2-yr note auction, Fed’s Lockhart speaks

 

TUESDAY: GDP, corporate profits, 5-yr note auction

 

WEDNESDAY: Weekly mortgage applications, durable goods orders, personal income & outlays, jobless claims, consumer sentiment, oil inventories, 7-yr note auction, FOMC minutes, Super Cmte. must vote on detailed recommendations

 

THURSDAY: Thanksgiving Day: All US markets closed

 

FRIDAY: Black Friday, NYSE early close, Fed balance sheet, money supply, USDA food prices outlook

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Daily Analysis – Short Term Spanish Bond Yields Soar

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

Equities

Asian markets ended mixed as investors responded to the latest failure by US lawmakers to address the nation’s deficit troubles. The Nikkei fell .4% to 8315, but was well of its intraday low of 8261. The Korean Kospi rose .3%, erasing early losses, and the ASX 200 sank .7%, weighed down by a 4.3% drop in Qantas Airways. In greater China, the Shanghai Composite closed flat and the Hang Seng inched up .1% to 18252.

 

European markets extended their losing streak to 4, as a weak debt auction in Spain pressured financials. An government auction of 3-month bonds had a yield of 5.11%, more than double the rate from a month ago. The DAX slumped 1.2%, the CAC40 dropped .8%, and the FTSE fell .3%. European banks fell more than 3%, as the value of their bond holdings continues to erode.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/nov-23-dax.png

European Markets Continue to Fall

 

In the US, the major indexes closed moderately lower. The Dow shed 54 points to 11494, the S&P 500 dropped .4%, and the Nasdaq slipped .1%.

 

Campbell Soup dropped 5.3%, despite reporting strong earnings. Netflix shares sank 5.4% after warning it would have a loss in 2012.

 

Treasuries and Commodities

A $35 billion auction in 5-year notes had a high yield of .937% and a bid-to-cover ratio of 3.15.

 

Treasuries gained with 10-year notes up 8/32 to yield 1.93%, and 30-year notes climbed 1 2/32 to yield 2.98%.

 

Commodities traded mostly higher. In energy, gasoline rallied 2.8% to 2.559, crude oil gained 1.1% to 98.00 and natural gas ticked up .2% to 3.405.

 

Silver led metals higher, rallying 1.3% to 32.75. Gold rose 1.3% to 1700.10 and copper advanced .4% to 3.319.

 

Currencies

The Dollar closed mixed against world currencies. The Euro rose .2% to 1.3514, and the Swiss Franc gained .4% to 1.0943. The British Pound, Japanese Yen, and Australian Dollar all eased fractionally.

 

Economic Outlook

US GDP data showed the economy grew at a rate of 2% in the third quarter, less than the 2.5% previously estimated. On a better note, the Richmond Manufacturing Index was flat, better than last month’s -6 reading.

 

Wednesday’s reports will include durable goods, personal income and spending, consumer sentiment, weekly mortgage applications, and weekly oil inventories.

 

Earnings are due from Deere and Guess. Volume is likely to be light on Wednesday ahead of Thanksgiving weekend.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Analysis – Weak Chinese PMI Data Hits Equities

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Negative PMI data from China pressured Asian shares, as factory growth fell to its lowest level in nearly 3 years. In China, the Shanghai Composite fell .7%, and the Hang Seng slumped 2.1%. Australia’s ASX 200 declined 1.7%, as materials stocks sank on the Chinese news, and the Kospi dropped 2.4%. Japanese markets were closed for a holiday.

 

European markets continued to drop, and a weak German bond auction spooked investors. The auction had an incredibly low bid-to-cover ratio of .65, as the government failed to sell the entire amount planned. The DAX fell 1.4%, the CAC40 lost 1.7%, and the FTSE shed 1.3%.

 

Selling pressure mounted in the US, with the Dow closing down 236 points to 11258. The Nasdaq fell 2.4% and the S&P 500 lost 2.2%. Financials fell after the Federal Reserve said it would conduct stress tests on the 6 largest US financial companies to weigh the risk of a worsening European debt crisis. The 6 banks all fell more than 3% on the news.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/nov-24-dow.png

US Markets Continue to Fall

 

Deere rallied 2.9% after raising its guidance for 2012 and reporting strong earnings. Pandora Media shares tumbled 11.3% after issuing a weaker than expected outlook.

 

Treasuries and Commodities

US bonds climbed in a flight to safety. 10-year notes rose 10/32 to yield 1.88%, and 30-year notes gained 29.32 to yield 2.84%. German bonds tumbled after the weak auction, with 10-year notes down 1.37 to yield 2.06%, and 30- year notes down 3.11 to yield 2.75%.

 

Commodities fell almost universally, as fear gripped the market. Crude oil fell 1.8% to 96.23 and gasoline dropped 1.7% to 2.5186, while natural gas bucked the trend, climbing 1.9% to 3.481.

 

Gold slipped .4% to 1695.50, and silver tumbled 3.6% to 31.755. Copper closed down 2.2% at 3.261.

 

Currencies

The Dollar rallied strongly against the major currencies, as the Euro closed down 1.3% to 1.3335, and the Australian Dollar tumbled 1.6% to .9687. The Pound fell .8% to 1.5515, and the Canadian Dollar lost .9% to 1.0478. The Yen fell .5% to 77.35, and the Swiss Franc dropped .7% to 1.0867.

 

Economic Outlook

The reality that even Germany is having trouble raising money is a strong warning sign for the markets, although Germany’s bond yields are close to record lows.

 

Wednesday’s extensive US data was mixed. Consumer Sentiment came in slightly below estimates, and weekly unemployment claims rose to 393K from last weeks 391K reading, worse than forecast. Personal spending rose by just .1%, much less than last month’s .7% jump.

 

On the upside, durable goods orders dropped by less than feared, sliding .7% after dropping by 1.5% last month. Personal income rose by .4%, slightly more than expected.

 

US markets will be closed on Thursday for Thanksgiving.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Daily Analysis – Nikkei Drops to 2 1/2 Year Low

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

Asian markets ended mixed following Wednesday’s sharp slide on Wall Street. The Nikkei returned from a holiday, dropping 1.8% to 8165, its lowest close since early 2009. Korea’s Kospi gained .7%, shaking off opening weakness, while the ASX 200 eased .2%. The Hang Seng rose .4% and the Shanghai Composite inched up .1% amid rumors of monetary easing in China.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/nov-25-nikkei.png

Nikkei Falls Below March's Quake Low

 

In Europe, the major indexes closed lower, surrendering early gains. The DAX fell .5%, the FTSE slipped .2%, and the CAC40 ended flat, following remarks by German Chancellor Merkel which reiterated her opposition to changes in the ECB.

 

US stock and bonds markets were closed for Thanksgiving.

 

Treasuries and Commodities

German bond price continued to fall on Thursday, with 10-year notes down .415 to yield 2.19%, and 30-year notes down 1.19 to yield 2.8%.

 

Crude oil rose .86 to 97.03 in light trading, while natural gas slipped .5%.

 

Gold closed flat at 1695.50, while silver edged lower .1% to 31.845.

 

Currencies

The currency market experience very narrow trading ranges thanks to the closure of US banks. The Euro, Swiss Franc and Canadian Dollar all ended within a few pips of their opening prices. The Pound slipped .2% to 1.5494, while the Australian Dollar gained .4% to .9726.

 

Economic Outlook

US markets close early on Friday, and volume is expected to be light.

 

No major reports are due on Friday.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Report (Nov. 21- Nov. 25)

 

To read the Weekly fundamental analysis click here

 

Markets

 

Stocks closed in negative territory in thin trading Friday as investors were reluctant to go long ahead of the weekend. This comes amid ongoing worries over the euro zone. The Dow and S&P posted their worst Thanksgiving week since the Great Depression on a percentage basis. The Dow Jones erased gains to finish lower. The S&P 500 and the Nasdaq also ended lower. Both logging a seventh consecutive decline. Some traders are watching for 1,150 on the S&P as the next key level.

 

DJIA CHART

 

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/a3.png

 

 

 

 

FOREX

 

The US Dollar rose to multi-month highs amidst sharp losses in the Dow Jonesand S&P500. The Dow Jones FXCM Dollar Index easily broke the pshych resistance at 10,000 and currently boasts its strongest 20-day appreciation since the height of the financial crisis in 2008. Momentum clearly favors the topside, but traders should be careful of sharp corrections ahead of a critical week for the US Dollar and broader financial markets.

 

US Nonfarm Payrolls data headlines foreseeable event risk for the world’s largest economy. Traders should be equally mindful of any surprises out of a European finance ministers meeting on Wednesday. Euro Zone tensions hit fever pitch this week as a failed German bond auction caused sell-offs in Spanish and Italian bonds. Italy paid a huge 7.81 percent for 2 year bonds in its most recent auction. This is up substantially from the 4.63 percent frolast month. Standard and Poor’s also aggrevated the Euro Zone’s wounds as it downgraded Belgium’s sovereign credit rating for the first time since 1997. The doom and gloom in Europe was enough to push the US Dollar to significant highs.

 

EURUSD Chart

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/b3.png

 

 

 

COMMODITIES

 

US crude futures fell on Friday and were on pace to post a loss for the week as concerns about Europe’s debt crisis strengthened the dollar and kept ita focus fears that an economic slowdown will curb oil demand. The price of ICE Brent oil, the global benchmark, rose 62 cents to $107.64 in thin trading conditions as US traders were away for the Thanksgiving holiday.

 

Oil Chart

 

 

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/c3.png

 

 

 

EQUTIES

 

Macy’s, Best Buy, Wal-Mart among other retail giants will be in focus this week as the winter shopping season opens up. AT&T said it would take a $4 billion charge in case its takeover of T-Mobile USA fails.

 

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

 

In Europe, S&P downgraded Belgium one notch to AA from AA-plus, further heightening worries over the Euro zone debt problems.

 

Earlier, EU officials said Euro zone member states were discussing dropping private sector involvement from the permanent bailout mechanism.

 

An Italian T-bill auction offered a fresh indication of investors’ lack of confidence in the country’s newly appointed government and broad fears that the Euro zone debt crisis cannot be contained. Yields rose to new Euro era highs.

 

 

 

THE WEEK AHEAD

 

MONDAY: New home sales, Dallas Fed mfg survey

 

TUESDAY: S&P Case-Shiller home price index, consumer confidence, FHFA home price index, Fed’s Kocherlakota speaks, Fed’s Yellen speaks;

 

WEDNESDAY: Weekly mortgage applications, Challenger job-cut report, ADP employment report, productivity & costs, Chicago PMI, pending home sales index, oil inventories, Beige Book, farm prices, AT&T/TMobile hearing, USDA’s agricultural trade outlook

 

THURSDAY: Jobless claims, ISM mfg index, construction spending, chain store sales, auto sales

 

FRIDAY: Employment situation, Fed’s Plosser speak

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Binary Options News – European Equities Rally Despite Soaring Yields

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Stocks closed lower in Asia, as a deadlock in Euro zone negotiations raised investor fear. The Nikkei eased .1% to 8160, the Kospi slumped 1%, and the ASX 200 dropped 1.5%. Hong Kong’s, Hang Seng, declined 1.4%, weighed down by HSBC’s 1.7% loss, and the Shanghai Composite shed .7%.

 

European markets rallied, as the DAX and CAC40 gained 1.2%, and the FTSE rose .7%. Nonetheless, the DAX fell 5% for the week, and the CAC40 shed 4.5%. S&P downgraded Belgium’s debt one notch to AA. An auction for 6-month debt in Italy had an astonishing yield of 6.5%, up from 3.5% last month.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/nov-28-dax.png

DAX Bounces Feebly Following Recent Slide

 

US markets closed lower on light volume. The Dow eased 26 points to 11232, the Nasdaq slumped .8%, and the S&P 500 fell .3%.

 

Treasuries and Commodities

US treasuries fell, with 10-year notes down 23/32 to yield 1.96%, and 30-year notes down 1 24/32 to yield 2.92%.

 

Oil settled at 96.77, down .26 from Thursday’s close. Natural gas rallied 2.4% to 3.542, while gasoline skidded 2.7$ to 2.4489.

 

Metals traded lower, led by silver, which slumped 2.7% to 31.014. Gold fell $10.20 to 1685.70 and copper declined .3% to 3.27.

 

Currencies

The Dollar climbed against most currencies, as growing uncertainty fueled a return to safety. The Euro dropped .9% to 1.3230, and the Yen sank .8% to 77.75. Rumors that the Swiss National Bank would raise the exchange floor for the EURCHF hurt the Swiss Franc, which closed down 1.1% to 1.0750. The British Pound slipped .3% and the Australian Dollar edged down .2% to .9714.

 

Economic Outlook

Monday’s reports will include new home sales and the Dallas Fed manufacturing survey.

 

No major earnings reports are scheduled for Monday.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

daily analysis - 29/11/2011

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Global markets rallied on renewed hopes that Europe will succeed in improving its bailout plan. In Asia, the Nikkei jumped 1.6% to 8287, the Kospi rallied 2.2%, and Australia’s ASX 200 climbed 1.9%. Hong Kong’s Hang Seng gained 2% to 18037, while the Shanghai Composite lagged the region, edging up a mere .1%.

 

European markets soared, with the CAC40 leading the advance, gaining 5.5% to 3013. The DAX jumped 4.6% and the FTSE advanced 2.9%. The Stoxx European banking index posted gains of 5.7%, as financials bounced strongly.

 

The rally continued in the US, with the Dow gaining 291 points to 11523. The Nasdaq and S&P 500 both snapped a 7-day losing streak, climbing 3.5% and 2.9% respectively.

 

Retailers reported record sales of $52.4 billion over the Thanksgiving weekend, 16% higher than last year’s figures.

 

Treasuries and Commodities

Bonds posted marginal losses, despite the spike in equities. 10-year notes edged down 2/32 to yield 1.97%, and 30-year notes eased 6/32 to yield 2.93%.

 

Commodities rallied as a whole, but natural gas tumbled 5% to 3.364 as the December contract expired. Oil rose 1% to 97.76, and gasoline advanced 2.7% to 2.515.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/nov-29-nat-gas.png

Natural Gas Tumbles 5%

 

Silver once again led metals higher, climbing 3.3% to 32.03. Copper rose 2.3% to 3.3465, and gold gained 1.5% to 1710.70.

 

Currencies

The US Dollar declined as a spike in optimism encouraged risk taking, but settled well of its lows. The Australian Dollar soared 1.9% to .9898 after trading as high as .9976, and the Canadian Dollar jumped 1.1% to 1.0354. The Euro gained .6% to 1.3312, the Swiss Franc rose .8% to 1.0834, and the British Pound closed up .4% to 1.5505. The Japanese Yen declined .3% to 77.95, bucking the trend.

 

Economic Outlook

New home sales rose by 4000 to 307K, but were below expectations of 313K.

 

Tuesday’s economic calendar will include both the Case-Shiller home price index, and the FHFA home price index, as well as consumer confidence.

 

Earnings are due from Omnivision and Tiffany.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Option Analysis – Equities Continue to Rise on European Bailout Hopes

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets rallied, encouraged by a strong rally in Western shares on Monday. The Nikkei soared 2.3% to 8488, the Kospi advanced 2.3%, and the ASX gained 1.1%. Both the Hang Seg and the Shanghai Composite rose 1.2%.

 

In Europe, markets rose moderately, lifted by a jump in consumer confidence in the US. The DAX gained 1% to 5800, while the CAC40 and FTSE closed up .5%. Policymakers approved a $10.7 billion bailout payment to Greece in an effort to slow the spiraling debt crisis.

 

Back in the US, the major indexes closed mixed, as the Nasdaq skidded .5%, while the Dow gained 33 points to 11556 and the S&P 500 rose .2%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/nov-30-nasdaq.png

Nasdaq Closes Down .5% Continuing the Recent Slide

 

American Airlines parent, AMR, filed for bankruptcy, sending shares plunging 84% to .26. The company cited high labor costs and rising fuel prices as causes for the company’s cash shortage.

 

Tiffany shares slumped 8.7% after issuing a weaker outlook than hoped.

 

Treasuries and Commodities

An auction of Italian bonds had record high yields, with 10-year notes yielding 7.56%, with a bid-to-cover ratio of 1.34. The high yields highlight the mounting debt concerns facing the region, but the ability to cover the auction indicates investors have not reached a state of panic.

 

US bonds slipped, with 10-year notes down 7/32 to yield 2.00%, and 30-year notes dropped 25/32 to yield 2.97%.

 

Energy gained, with crude oil up 1.6% to 99.80, and natural gas up 2.9% to 3.626.

 

Metals traded mixed as gold rose .4% to 1717.30, and copper rallied 1% to 3.394, while silver dropped 1% to 31.853.

 

Wheat jumped 3.9%, and corn gained 1.2% as agricultural futures traded mostly higher.

 

Currencies

The Australian Dollar soared for a second day, jumping 1.2% to 1.0026 as investors slowly recovered their risk appetite. The Pound gained .7% to 1.5609, and the Euro inched up .1% to 1.3328. The Canadian Dollar rose .4% to 1.0302, and the Swiss Franc settled up .3% at 1.0872.

 

Economic Outlook

Tuesday’s economic data was a mixed bag. Consumer confidence soared to 56 from 40.9, blowing past analyst forecasts. The Case-Shiller home price index dropped 3.6%, more than expected, but the FHFA house price index rose .9%, painting a mixed picture of the housing market.

 

Wednesday’s busy economic calendar will include the ADP employment report, the Challenger job-cut report, Chicago PMI, pending home sales, Beige Book, and weekly oil inventories.

 

Earnings are due from Aeropostale, American Eagle Outfitters, Guess and Krispy Kreme Donuts.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options – Central Banks Unite to Boost Liquidity, Western Markets Soar

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

China’s Shanghai Composite tumbled 3.3% due to growing concerns the country’s growth with slow, and the Hang Seng fell 1.5% to 17989. China’s central bank cut reserve requirements for the first time in nearly 3 years in an effort to keep the economy on track. In Japan, the Nikkei slipped .5% to 8435, while Olympus shares recovered from a sharp 10% loss at the open after the company affirmed it would release its December earnings report on time. Korea’s Kospi declined .5%, but Australia’s ASX managed to buck the trend, closing up .3%.

 

A coordinated move by global central banks to increase liquidity sent Western markets sharply higher. The DAX spiked 5%, the CAC40 soared 4.2% and the FTSE climbed 3.2%. Miners jumped 6% amid hopes the easing efforts will boost demand for raw materials.

 

In the US, a similar scene played out, as the Dow soared 485 points to 12041, the Nasdaq climbed 4.2%, and the S&P 500 rallied 4.3%. Caterpillar shares surged 8.1%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/11/dec-1-dow.png

Dow Soars Nearly 500 Points

 

Netflix shares slumped 4.5% after the company was downgraded to sell from neutral by Wedbush Securities.

 

Treasuries and Commodities

Bonds tumbled as investors poured into equities. 10-year notes dropped 25/32 to yield 2.08%, and 30-year notes sank 2 4/32 to yield 3.06%.

 

Copper soared 5.5% to 3.5755, leading metals higher. Gold rose 1.9% to 1751.70, and silver gained 3% to 32.915.

 

Energy ended mixed, as crude rose .62 to 100.41 despite a sharp jump in oil inventories, while natural gas fell 1.8% to 3.568.

 

Coffee jumped 4.1%, while cotton dropped 2%, as agricultural futures settled mixed.

 

Currencies

The Australian Dollar surged 2.4% to 1.0284 as the recent rally accelerated. The Canadian Dollar jumped 1% to 1.0198, and the Euro gained .8% to 1.3436. The Pound rose .5% to 1.5695, while the Yen declined .5% to 77.55.

 

Economic Outlook

Wednesday’s reports were exceedingly upbeat. Data from the ADP employment report blew past forecasts, with the economy adding 206K jobs last month, up from 130K in the previous report. Chicago PMI rose to 62.6 from 58.4, well above estimates, and the Challenger job-cut report showed planned layoffs declined by 12.8%.

 

Thursday’s economic reports will include weekly jobless claims, the ISM manufacturing index, construction spending, auto sales, and chain store sales.

 

Earnings are due from Barnes & Noble, H &R Block, Kroger, Movado and Talbots.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Analysis – US Stocks Consolidate after Wednesday’s Rally

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets opened sharply higher on Thursday in response to the announced cooperative central bank liquidity effort. The Hang Seng soared 5.6%, climbing 1013 point to 19002, leading the region. The Shanghai Composite rose 2.3%, the ASX 200 gained 2.6%, and the Nikkei advanced 1.9%. In Korea, the Kospi rallied 3.7% as Samsung Electronics surged 7% to a new record closing high.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/12/dec-2-hang-seng.png

Hong Kong's Hang Seng Index Surges 5.6%

 

In Europe, the major indexes closed lower after Wednesday’s sharp rise. The DAX fell .9%, the CAC40 dropped .8%, and the FTSE slipped .3%, as investors locked in gains from the previous session.

 

US stocks closed mixed after a choppy session, with the Nasdaq gaining .2%, while the Dow and S&P 500 declined .2%.

 

GM, Ford, and Toyota all reported a rise in sales for November, yet all 3 companies closed lower.

 

In earnings news, Barnes & Noble tumbled 16.3% after reporting an unexpected loss, and Lululemon Athletica sank 5.1% after reporting a drop in same-store sales.

 

Treasuries and Commodities

US bonds ended modestly lower, with 10-year notes down 7/32 to yield 2.09%, and 30-year notes down 23/32 to yield 3.09%. German bonds soared, with 10-year notes up .90, and 30-year notes gaining 2.53.

 

Commodities closed mixed with no clear market direction. Crude oil fell .4% to 99.97, while natural gas rallied 2.7% to 3.645 as the recent volatility continued.

 

Copper dropped 1% to 3.539, while silver ticked up .2% and gold settled flat.

 

Currencies

The currency market ended mixed after Wednesday’s steep dollar selloff. The Euro edged up .2% to 1.3459, and the Canadian Dollar advanced .5% to 1.0142. The Australian Dollar slipped .4% to 1.0226, and the Swiss Franc and Japanese Yen both declined by .2%.

 

Economic Outlook

Weekly unemployment claims unexpectedly rose to 402K from last week’s 396K reading. ISM manufacturing PMI was slightly better than expected at 52.7 vs. 51.6, and monthly auto sales rose to 13.6M from 13.3M last month.

 

Friday’s focal report will be the non-farm payroll report. Analysts are expecting a gain of 126K jobs, after last months gain of 80K. The unemployment rate is expected to remain at 9.0%.

 

Earnings are due from Big Lots and Shanda Interactive.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – Equities Close Mostly Lower on Debt Jitters

 

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Equities

Asian markets slumped in response to a warning by S&P that it was placing 15 euro zone nations on credit watch for a possible downgrade. The Nikkei declined 1.4% to 8575, but Olympus shares jumped more than 9% amid expectations the stock will recover from its scandal induced losses. In Australia, the ASX 200 shed 1.5%., despite a .25% rate cut by the Reserve Bank of Australia. The Kospi fell 1%, the Hang Seng dropped 1.2%, and the Shanghai Composite eased .3%.

 

European markets traded mostly lower, as the DAX sank 1.3%, the CAC40 lost .7%, and the FTSE closed flat. German retail chain, Metro, plunged 14% on a weak outlook, pulling down the retail sector by 2.1%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/12/dec-7-dax.png

Germany's DAX Sinks 1.3%

 

US stocks ended mixed, as the Dow climbed 52 points to 12150, the S&P 500 inched up .1%, and the Nasdaq fell .2%.

 

Toll Brothers rallied 2.7% on home sales that beat estimates. Darden Restaurants tumbled 12.4% after cutting its outlook.

 

Treasuries and Commodities

Bonds declined, with 10-year notes slipping 10/32 to yield 2.08%, and 30-year notes down 1 3/32 to yield 3.08%.

 

Energy rose, led by gasoline futures, which advanced 1.1% to 2.6414. Natural gas gained .7%, and crude oil edged up .1% to 101.07.

 

Silver rallied 1.7% to 32.92, and gold ticked .1% to 1736.10, while copper declined .5% to 3.597.

 

Currencies

The Canadian Dollar rose .7% to 1.0098, lifted by solid Ivey PMI data, while the Dollar was firm against other currencies. The Euro ended flat at 1.3398, the Pound slipped .3% to 1.5595, and the Australian Dollar declined .2%. The Swiss Franc dropped .6% to 1.0794, while the Yen inched up .1% to 77.74.

 

Economic Outlook

The news continues to be dominated by the Euro debt crisis, and the focus is now on the proposed stability fund changes, due to be discussed at the EU summit later this week. It remains to be seen if the officials have the will to tackle the enormity of the debt problem.

 

Wednesday’s reports will include consumer credit, weekly oil inventories, and weekly mortgage applications.

 

Earnings are due from Pacific Sunwear, and Vail Resorts.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – Rumors of $600 Billion IMF Loan Boost US Markets

 

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Equities

Asian markets were lifted by a report by the Financial Times that European leaders were trying to strengthen the region’s bailout fund. The Nikkei jumped 1.7% to 8722, the Kospi gained .9%, and the ASX 200 rose .7%. The Hang Seng rallied 1.6% while China’s Shanghai Composite rose .3%, snapping a 3-day losing streak.

 

Meanwhile, European markets posted moderate losses, surrendering earlier gains. The DAX fell .6%, the FTSE slipped .4%, and the CAC40 eased .1%. S&P has threatened to cut the credit rating on the ESFS bailout fund, and the threat may help force European leaders to agree to a deal at Friday’s summit.

 

US stocks closed mostly higher. The Dow gained 46 points to 12196, the S&P 500 rose .2%, while the Nasdaq ended flat.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/12/dec-8-dow.png

Stocks Rally on IMF Loan Rumor

 

Rumors circulated that the G20 is considering a $600 billion loan to the IMF to help Europe, but the IMF denied the claim.

 

Energy stocks fell after a bearish oil report showed an unexpected rise in oil inventories. Halliburton shares slumped more than 6%, and Peabody Energy fell 3.4%.

 

In retail news, Talbots shares soared nearly 70% after a private equity firm offered to buy the firm. Men’s Wearhouse surged 19.6% after blowing past earning estimates.

 

Treasuries and Commodities

US bonds gained as the threat of European credit rating cuts lifted the appeal of safe haven treasuries. 10-year notes advanced 17/32 to yield 2.03%, and 30-year notes climbed 22/32 to yield 3.06%.

 

Crude oil closed down .6% to 100.70, but was well of its low of 99.67. Gasoline futures slumped 2.2%, and natural gas declined 1.7%.

 

Gold rose 14.20 to 1746, while silver dropped .5%, and copper fell .6% to 3.554.

 

Agricultural futures sank, as sugar lost 4.7% and wheat fell 2%.

 

Currencies

The Dollar traded mixed as the market prepared for the upcoming EU summit. The Pound rallied .7% to 1.5707, and the Australian Dollar gained .4% to 1.0286. The Euro, Canadian Dollar and Yen all closed little changed. The Swiss Franc slipped .2% to 1.0827.

 

Economic Outlook

Consumer credit increased to $2.457 trillion, slightly more than expected. Weekly mortgage applications also increased, thanks to a recovering economy and low interest rates.

 

On Thursday, the ECB and Bank of England are scheduled to release their rate statements. Both are expected to leave rates unchanged. Also due are weekly jobless claims and wholesale trade.

 

Earnings are due from Costco and Smithfield Foods.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – Stocks Tumble on ECB Disappointment

 

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Equities

Asian markets slid on Thursday as anxiety grew ahead of Friday’s European Summit. The Nikkei dropped .7% to 8645, pulling back from a 1-month high. The Kospi slipped .4% after the Bank of Korea held interest rates at 3.25%, and Australia’s ASX 200 declined .3%. China’s Shanghai Composite largely recovered from an earlier drop, closing down .1%, and the Hang Seng shed .7%.

 

European markets tumbled after ECB President Mario Draghi said the region’s economy faced significant risks, while offering no new bond purchase plan. The central bank cut interest rates to 1% from 1.25%. The CAC40 dropped 2.5%, the DAX lost 2%, and the FTSE fell 1.1%, with financials leading the declines. The European Banking Index closed down 3.1%.

 

US stocks posted similar losses. The Dow fell 199 points to 11998, the S&P 500 skidded 2.1%, and the Nasdaq lost 2%. Selling accelerated in the last few minutes of the day after Germany rejected a draft proposal for the EU summit, casting doubts on the outcome of Friday’s meeting. The ongoing debate over whether to introduce stiffer budgetary requirements, or strengthen the bailout mechanisms, does not appear close to resolution.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/12/dec-9-sp.png

S&P 500 Falls 2.1%

 

Despite earnings reports which exceeded estimates, Costco fell 2% and Smithfield Foods dropped 3.7%.

 

Tesla shares plunged 9.7% after Morgan Stanley downgraded the stock.

 

Treasuries and Commodities

Bonds gained, encouraged by a drop in equities. 10-year notes gained 18/32 to yield 1.97%, and 30-year notes rallied 1 14/32 to yield 2.99%.

 

Crude oil tumbled 1.9% to 98.58, crossing back below the $100 mark. Gasoline futures fell .5% to 2.574, while natural gas rose .8% to 3.449 after a government report showed natural gas storage dropped significantly more than forecast.

 

Metals traded lower, once again led by silver, which slumped 2.6% to 31.78. Gold dropped 1.7% to 1714.60, and copper lost 1.3% to 3.511.

 

Currencies

The currency markets shunned risk on Thursday, pressuring the Australian and Canadian Dollar. The Australian Dollar fell 1.2% to 1.0168, and the Canadian Dollar dropped 1.3% to 1.0218. The Pound and Euro both lost .5% to 1.3348 and 1.5638 respectively, while the Yen closed flat at 77.67.

 

Economic Outlook

Weekly jobless claims were far better than expected, dropping by 23K to 381K. Wholesale inventories rose by 1.6%, more than forecast, posting their biggest gain in 5 months.

 

Friday’s economic reports will include international trade and consumer sentiment.

 

The EU Summit will begin on Friday. Hopes for a quick resolution to the European debt crisis appear to be dashed, as the political disputes continue, but any progress could have a significant impact on the markets.

 

Earnings are due from Comverse Technologies.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Report (Dec. 5- Dec. 9)

 

To read the Weekly fundamental analysis click here

 

Markets

 

US Markets closed near their highs Friday. They ended up climbing steadily throughout the day. They were bolstered by a strong consumer sentiment report and as investors appeared to show relief after the Euro zone’s latest plan to solve its debt crisis.

 

The Dow Jones Industrial Average soared 186.56 points, or 1.55 percent, to finish at 12,184.26. The S&P 500 rose 20.84 points, or 1.69 percent, to close at 1,255.19. The Nasdaq jumped 50.47 points, or 1.94 percent, to end at 2646.85.

 

DJIA CHART

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/12/a1.png

 

 

 

FOREX

 

Last week, trade was choppy. This came as the major currencies set their bottoms in the Asian session while rising to highs in the European session. As they Headed into the North American trading, the majors were positioned closer to their range bottoms. This came as the results from this week’s Euro zone summit began to trickle out of Brussels and into the markets.

 

At a first look, the results of the Euro zone summit are both encouraging s well as disappointing. Positive, leaders of all 17 Euro zone countries plus 9 non Euro-zone nations agreed to terms that allow strict caps on government spending and borrowing. Britain is the only country not to agree to the terms. The Czech Republic, Hungary and Sweden, while initially holding out on the agreement, later agreed to changes on the condition that certain details of the pact need to be reviewed by their leaders and by their national parliaments.

 

Britain’s veto, given the way current treaties are structured, is enough to prevent changes to European Union treaties, as a unanimous vote is required among the 27 European Union nations. British Prime Minister David Cameron was pushing for protections for London from future financial regulations. As such, the veto may limit the impact the new agreements have.

 

EURUSD Chart

 

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/12/b1.png

 

 

COMMODITIES

 

Oil prices rose for the first time in three days. This comes as as the European Union moved closer to a plan that promises to fix the Euro zone debt crisis.

 

Crude rose $1.07 Friday to end the week at $99.41. Brent crude, which is used to price foreign oil imported by some US refineries, added 53 cents to finish at $108.47 in London.

 

Oil Chart

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/12/c1.png

 

 

 

EQUTIES

 

GE gained after the conglomerate boosted its quarterly dividend to 17 cents from 15 cents. Texas Instruments fell after the chipmaker cut its outlook for the current quarter and warned demand declined as clients reduce their inventories. Apple appealed a US judge’s decision not to block Samsung Electronics from selling Galaxy smartphones and tablets in the US market.

 

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 consumer sentiment climbed to 67.7. This number gaining for the fourth consecutive month. Economists expected a reading of 65.5.

 

 

Also,US trade deficit narrowed in October to $43.5 billion. It is at its lowest in 10 months. The result was in line with estimates. However, September trade deficit was revised to $44.2 billion from $43.1 billion.

 

 

THE WEEK AHEAD

 

 

MONDAY: 3-yr note auction, Treasury budget, FedEx’s busiest shipping day, Google’s Schmidt speaks in DC

 

 

TUESDAY: NFIB small biz optimism index, retail sales, business inventories, 10-yr note auction, FOMC mtg announcement, GE annual outlook meeting

 

 

WEDNESDAY: Weekly mortgage applications, import & export prices, oil inventories, 30-yr bond auction, OPEC meeting

 

 

THURSDAY: Jobless claims, PPI, Empire state mft survey, current account, Treasury international capital, industrial production, Philadelphia Fed survey, credit card default rates reported

 

 

FRIDAY: CPI, quadruple witching

 

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Binary Options Daily Analysis – Western Markets Rally on Euro Summit Deal

 

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Equities

Asian markets slumped on Friday as investors grew increasingly nervous over the European Summit. Hong Kong’s Hang Seng led the declines, tumbling 2.7% to 18586. Japan’s Nikkei sank 1.5% to 8536, the ASX 200 lost 1.8%, and the Kospi fell 2%. In China, stocks fell .6%, despite a report which showed a inflation dropped to 4.2%.

 

European leaders agreed to work towards leaner budgets, but failed to announce any new aid measures. Nonetheless, stocks rallied, led by the banks, which rose 2.6%. The CAC40 climbed 2.5%, the DAX jumped 1.9%, and the FTSE rose .8%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/12/dec-12-dax.png

DAX Rallies 1.9% on Treaty Deal

 

US markets followed their European counterparts higher. The Dow advanced 187 points to 12184, the Nasdaq rallied 1.9%, and the S&P 500 gained 1.7% to 1255. The VIX tumbled 13.3% to 26.53.

 

GE shares closed up 3.3% after raising its quarterly dividend to 17 cents, from 15 cents a share.

 

Treasuries and Commodities

Bond prices tumbled as investors became increasingly optimistic about the European debt crisis. 30-year notes fell 1 20/32 to yield 3.11%, and yields on 10-year notes rose to 2.06%.

 

Crude oil fell 1.3% to 99.83. Gold rose $3 to 1712.80, and silver gained 71 cents 32.173.

 

Currencies

The US Dollar traded mostly lower after the European Summit. The Euro rose 30 pips to 1.3370, the Pound rose 20 pips to 1.5662, and the Swiss Franc edged up 30 pips to 1.0821. The Australian Dollar gained .5% to 1.0221, and the Canadian Dollar ticked up .3% to 1.0193.

 

Economic Outlook

Consumer sentiment rose more than expected, climbing to 67.7, from last month’s 64.1 reading. The trade deficit fell to $43.5 billion, in line with forecasts.

 

No major economic reports are due on Monday.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – Western Markets Tumble as Reality Sets In

 

To read the Weekly technical report click here

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Equities

Friday’s Western relief rally lifted Asian markets on Monday, following an agreement for stricter budgets amongst euro zone countries. The Nikkei advanced 1.4% to 8654, the Kospi climbed 1.3%, and the ASX 200 rose 1.2%. China’s Shanghai Composite bucked the uptrend, sliding 1%, and the Hang Seng closed down fractionally.

 

Friday’s gains were short-lived for European stocks, as a steep selloff hit the continent. Germany’s DAX tumbled 3.4% to 5785, the CAC40 dropped 2.6%, and the FTSE fell 1.8%. Despite Friday’s summit treaty, little progress has been made in improving the European debt crisis.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/12/dec13-dax.png

Germany's DAX Slumps 3.4%

 

US markets dropped as well, but ended well off their lows. The Dow dropped 163 points to 12021, the Nasdaq declined 1.3%, and the S&P 500 dropped 1.5%. Banking shares were hit hardest, as Citigroup plunged 5.4% and Bank of America dropped 4.7%.

 

Intel shares tumbled 4% after cutting its profit outlook, weighing on semiconductor shares.

 

Treasuries and Commodities

Bond prices rose, propelled by the drop in equities. 10-year notes edged up 11/32 to yield 2.02%, and 30-year notes gained 1 full point to yield 3.06%.

 

Crude oil fell 1.3% to 98.08, and natural gas dropped 1.9% to 3.254 in a broad commodity slide.

 

Metals posted outsized losses, as gold tumbled 2.8% to 1668.90, silver fell 2.9% to 31.31, and copper dropped 2.8% to 3.457.

 

Currencies

The Dollar surged as investors flocked to safety. The Euro and Swiss Franc both tumbled 1.5% to 1.3186 and 1.0672 respectively. The Australian Dollar shed 1.4% to 1.0078, and the Canadian Dollar lost 1% to 1.0258. The Yen fared better than its pears, easing .3% to 77.90.

 

Economic Outlook

The Fed will issue its rate statement on Tuesday, and is not expected to lift rates from .25%. Also due are retail sales, business inventories, and the TIPP economic optimism report.

 

Earnings are scheduled for Best Buy and Perfumania.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – Retail Stocks Drop on Weak Data

 

To read the Weekly technical report click here

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Equities

Asian markets traded lower as disappointment over Friday’s European Summit set in. The Nukkei dropped 1.2% to 8553, the Kospi slumped 1.9%, and the ASX 200 declined by 1.6%. The Shanghai Composite fell 1.9% to 2249, its lowest level since March 2009, and the Hang Seng eased .7%.

 

European markets closed mixed following Monday’s slide. The CAC40 fell .4%, and the DAX slipped .2%, while the FTSE rallied 1.2%, lifted by the energy sector. Investors digested news that German chancellor, Angela Merkel, opposes an increase in Europe’s bailout fund.

 

US stocks dropped in the late afternoon, following the Fed’s statement, which failed to entice investors. The Dow closed down 66 points to 11955, the S&P 500 dropped .9%, and the Nasdaq fell 1.3%

 

Best Buy shares tumbled 15.5% after reporting earnings which were well below estimates. Disappointing retail sales data hit sent the retail sector down 3%, with Amazon shares shedding 4.8%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/12/dec-14-nasdaq.png

Nasdaq Loses 1.3% in Afternoon Selloff

 

Treasuries and Commodities

US bonds rose for a second day, with 10-year notes up 13/32 to yield 1.97%, and 30-year notes up 29/32 to yield 3.00%. In contrast, UK bonds fell, with 10 year notes losing .23 to yield 2.13%, and 30-year notes dropping .96 to yield 3.2%.

 

The energy sector advanced, as oil and gasoline both rallied 1.8% to 99.52 and 2.6107 respectively.

 

Metals however, tumbled, as gold plunged 2.3% to 1629.10, copper declined 2.1%, and silver lost 1.4%.

 

Currencies

The Euro extended its losses from Monday, dropping 1.1% to 1.3031. The Pound and Canadian Dollar both lost .7%, and the Australian Dollar fell .5% to 1.0005. The Yen settled at 77.99, down fractionally, and the Swiss Franc slumped .8% to 1.0571.

 

Economic Outlook

Tuesday’s economic data was disappointing. Retails sales rose by.2% in November, significantly less than the .6% forecast. Business inventories rose by .8%, slightly more than expected.

 

Wednesday’s reports will include import prices, weekly oil inventories, and weekly mortgage applications.

 

No major earnings reports are due.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – Commodities Tumble amid Growth Fears

 

To read the Weekly technical report click here

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Equities

Asian markets closed moderately lower, following Tuesday’s losses on Wall Street. The Nikkei closed down .4% to 8519, the Kospi slipped .3%, and the ASX 200 eased .1%. China’s Shanghai Composite fell another..9%, and the Hang Seng shed .5%, extending its losing streak to 5 days.

 

European markets tumbled as rumors circulated that France’s credit rating might get slashed. France’s CAC40 slumped 3.4%, the FTSE dropped 2.3%, and the DAX lost 1.7%. The automobile sector plunged 4.2%, amid doubts over the region’s growth.

 

US markets ended lower, with the Nasdaq once again leading the losses. The Nasdaq fell 1.6%, the Dow declined 131 points, and the S&P 500 lost 1.1%.

 

Joy Global reported disappointing earnings, sending the shares down 10.8%.

 

Treasuries and Commodities

US bonds continued to rally, as global investors sought safety. 10-year notes climbed 20/32 to yield 1.90%, and 30-year notes surged 2 10/32 to yield 2.90%.

 

Commodities tumbled across the board. In energy, crude oil dropped 5.1% to 95.04, and gasoline lost 4.6% to 2.504.

 

Gold plunged 5.6% to 1569.50, closing below its 200-day moving average for the first time in nearly 3 years. Silver tumbled 7.9% to 28.80, and copper declined 4.8%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/12/dec-15-gold_5.png

Gold Continues to Fall, Dropping 5.6% on Wednesday

 

Currencies

The US Dollar extended its recent gains on Wednesday, as the Euro fell 1.4% to 1.2982, hitting a 52-week low of 1.2950. The Australian Dollar dropped 1.5% to .9910, and the Swiss Franc lost 1.5%, dropping to 1.0495. The Canadian Dollar lost 1.1% to 1.0396, and the Pound shed .7% to 1.5489.

 

Economic Outlook

Import prices rose by .7%, the biggest jump in 7 months, but were still less than the 1% expected. Mortgage applications rose by 4%, as a recovering economy, coupled with low interest rates encourages mortgage activity.

 

Thursday’s economic data will include weekly unemployment claims, PPI, and the Empire State manufacturing index.

 

Earnings are due from Pier 1, Research in Motion, and Rite Aid.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – Weekly Jobless Claims Drop to 3.5 Year Low

 

To read the Weekly technical report click here

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Equities

Asian markets fell on Thursday, as fear over Europe’s debt crisis intensified. In Japan, the Nikkei fell 1.7% to 8377. Scandal-hit Olympus shares tumbled more than 20% after restating earnings, as the company revealed a $1.1 billion loss. Korea’s Kospi dropped 2.1%, and the ASX 200 fell 1.2%. PMI data for China showed a slowdown in factory activity, sending the Shanghai Composite down 2.1% to 2181, and the Hang Seng down 1.8%.

 

European markets bounced moderately, lifted by upbeat US data. The DAX climbed 1%, the CAC40 gained .8%, and the FTSE rose .6%. The European insurance index rallied 2.3% on news that Old Mutual was selling part of its business for $3.2 billion. Fitch cut the debt rating on Credit Agricole, sending the bank’s shares down 4.4%.

 

US stocks opened sharply higher, but surrendered most of their gains as the day dragged on. The Dow rose 45 points to 11869, the S&P 500 edged up .3%, and the Nasdaq ended up fractionally.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2011/12/dec-16-dow.png

Dow Gains but Closes well off Lows

 

Fedex shares surged 8% after reporting earnings which were stronger than expected.

 

Treasuries and Commodities

US bonds eased slightly, with 10-year notes down 1/32 to yield 1.91%, and 30-year notes down 8/32 to yield 2.92%.

 

Energy fell, led by crude oil which dropped 1.4% to 93.66. Gasoline fell .5% to 2.4904, and natural gas slipped .2% to 3.13.

 

Gold fell another 18.40 to 1568.50, and copper lost .6% 3.2595. Silver recovered slightly from Wednesdays tumble, edging up .3% to 29.03.

 

Currencies

The Swiss Franc surged 1.3% to 1.0634, while the Dollar eased modestly against other currencies. The Euro rose .2% to 1.3014, the Pound gained .3% to 1.5510, and the Canadian Dollar advanced .4% to 1.0354.

 

Economic Outlook

Weekly jobless claims fell to 366K, far better than the 389K forecast, its lowest level in years. The Empire State Manufacturing Index jumped to 9.5, showing a sharp rise in factory activity.

 

Friday’s sole report will be CPI, which is expected to show a .1% rise.

 

Binary Options Trading analysis written by Bradley Welcher

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