Binary Options Analysis

[BinaryOptionStrategy]

Binary Options Daily Analysis – Upbeat Outlook from Alcoa Lifts Metals and Resource S

 

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Equities

Chinese stocks rallied for a second day, despite a drop in trade data, amid hopes the government would pursue a looser monetary policy. The Shanghai Composite climbed 2.7%, and Hong Kong’s Hang Seng advanced 1.8%. Australia’s ASX 200 gained 1.1%, and the Kospi settled up 1.5%. The Nikkei returned from a holiday to close up .4%, as Olympus shares soared 20% on news the company would not be delisted.

 

European markets surged, led by banks and materials stocks. Shares in Italy’s UniCredit jumped 7%, and the regional banking index climbed 4.5%. The CAC40 rallied 2.7%, the DAX advanced 2.4%, and the FTSE rose 1.5%. An upbeat outlook from Alcoa helped lift materials stocks by 3.4%.

 

US markets continued to rise, as the Dow gained 70 points to 12462, the Nasdaq climbed 1%, and the S&P 500 advanced .9%.

 

Cirrus Logic shares rocketed up 15.7% after raising its outlook for the quarter. Similarly, Lululemon shares rallied 12% on a stronger outlook.

 

On the negative side, Tiffany shares tumbled 10.5% after lowering its outlook. WebMD plunged 28.5%, after the company’s CEO resigned.

 

Treasuries and Commodities

US bonds eased slightly, with 10-year notes down 4/32 to yield 1.97%, and 30-year notes down 3/32 to yield 3.03%. German bond prices fell, pushing up yields. 10-year German notes fell .35 to yield 1.88%, and 30-year notes dropped .55 to yield 2.48%.

 

Metals powered higher, thanks to Alcoa’s outlook for stronger demand in 2012. Silver rallied 3.8% to 29.885, copper climbed 2.6%, and gold gained 1.5% to 1632.70.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/jan-11-silver.png

Silver Rallies 3.8%, Extending Monday's Gains

 

Crude oil rose .8% to 102.16 and gasoline notched up a gain of .5% to 2.7737. The recent volatility in natural gas continued, as prices sank 2,8% to 2.928.

 

Currencies

The Dollar traded mostly lower against world currencies, as the market traded in a narrow range. The Australian Dollar and Canadian Dollar were the biggest gainers, climbing .7% to 1.0319 and 1.0168, respectively. The Euro inched up 10 pips to 1.2774, and the Pound gained .1% to 1.5478. The Yen and Swiss Franc settled little changed.

 

Economic Outlook

Wholesale inventories rose a mere .1%, less than the .5% forecast, which suggests buying is beginning to outstrip production. The small business optimism index rose to 47.5 from 42.8, exceeding forecasts.

 

Overseas, French industrial production increased by 1.1%, far better than the .1% forecast by analysts.

 

Wednesday’s reports will include the Fed’s Beige book, and oil inventories.

 

Earnings are scheduled for 99 Cent Only Stores, Lennar, and SuperValu.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – Fitch Warns of Potential ‘Cataclysmic’ Euro Collapse

 

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Equities

Asian markets traded mixed on Wednesday. Amongst the winners, the Nikkei edged up .3% to 8448, the ASX 200 rallied .9%, and the Hang Seng climbed .8%. On the losing side, the Kospi fell .4%, and the Shanghai Composite slipped .4%.

 

In Europe, stocks slipped, pressured by remarks from Fitch, saying the ECB must buy euro zone debt to prevent a collapse of the euro. The FTSE declined .5%, while the CAC40 and DAX eased .2%. UniCredit shares rallied for a second session, gaining 6%, after its recent 75% loss in value.

 

In the US, the Dow edged down 13 points to 12449, while the Nasdaq rose .3%. The broader S&P 500 closed flat.

 

Urban Outfitters tumbled 18.6% after Citi slashed the firm’s price target.

 

In earnings news, Supervalu dropped 12.5%, after reporting a loss which was larger than forecast. Lennar shares advanced 7.2% despite a weak profit report, thanks to a jump in new orders.

 

Treasuries and Commodities

Bond prices gained, as concerns over Europe’s economic health lifted the appeal of US Treasuries. 10-year notes gained 18/32 to yield 1.90%, and 30-year notes advanced 1 7/32 to yield 2.96%.

 

The Treasury auctioned $21 billion in 10-year notes with a high-yield of 1.90%, and a strong bid-to-cover ratio of 3.29.

 

Natural gas tumbled 5.4% to 2.781, as it continues its extended downtrend. Crude oil fell 1.1% to 101.09, while gasoline closed down fractionally.

 

 

Natural Gas Just Keeps Falling

 

Copper led metals higher, ticking up 1.2% to 3.554. Gold climbed .7% to 1643.10, and silver gained .6% to 29.995.

 

Currencies

European currencies fell against the Dollar. The Pound slumped 1.1% to 1.5319, and the Swiss Franc shed .5% to 1.0480. The Euro settled down .6% to 1.2706, after trading as low as 1.2662 earlier in the day. The Yen and Australian Dollar both posted minor losses, and the Canadian Dollar eased .3% to 1.0191.

 

Economic Outlook

Oil inventories rose by 5 million barrels, much more than the .9 million forecast. Weekly mortgage applications rose, encouraged by low interest rates.

 

The Bank of England and ECB will issue their rate statements on Thursday, and both are expected to keep rates steady at .5% and 1% respectively.

 

Thursday’s US data will include retail sales, weekly jobless claims and business inventories.

 

No major earnings reports are due.

 

 

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

13/1/2012 Analysis

 

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Equities

Asian markets traded mostly lower, despite a report from China which showed inflation fell to 4.1%, its lowest level in 15 months. The Shanghai Composite eased fractionally, settling at 2275. Hong Kong’s Hang Send slid .3%, rhe Nikkei lost .7%, and the ASX 200 edged down .2%. Bucking the downtrend, South Korea’s Kospi rallied 1%,

 

In Europe, the ECB held rates steady, and ECB chairman, Mario Draghi, said there are signs the region is stabilizing. The FTSE and CAC40 declined .2%, while the DAX rose .4%. Auctions in short-term debt in Spain and Italy were wildly successful, but their ability to sell longer term debt may prove more challenging.

 

US stocks posted modest gains, despite weak economic data. The Dow inched up 22 points to 12471, the Nasdaq advanced .5%, and the S&P 500 rose .2%.

 

Dick’s Sporting Goods soared 12.5% after announcing a buyback plan, while Williams-Sonoma tumbled 12.2% after cutting its outlook.

 

Treasuries and Commodities

The Treasury auctioned $13 billion in 30-year notes, with a high-yield of 2.985%, and a bid-to-cover ratio of 2.6. Bonds closed slightly lower, with 10-year notes easing 6/32 to yield 1.92%, and 30-year notes edging down 4/32 to yield 2.97%.

 

Energy fell, hurt by a profit warning from Chevron. Natural gas slumped 2.1% to 2.716, crude oil dropped 1.8% to 99.02, and gasoline declined 1.2% to 2.7296.

 

Copper jumped 2.8% to 3.6455, leading metals higher. Gold advanced .7% to 1651.10, and silver gained .8% to 30.13.

 

Currencies

The Euro rallied .9% to 1.2826, and the Swiss Franc gained 1.1% to 1.0595, as the successful bond auctions in Europe relieved some anxiety. The Pound and Candian Dollar both rose .1%, and the Australian Dollar settled up .3% at 1.0340.

Economic Outlook

Weekly unemployment claims jumped by 24K to 399K, hitting their highest level in 6 weeks.

Retail sales rose a mere .1% last month, a sharp drop from November’s .4% rise.

 

Friday’s economic reports will include international trade, import & export prices, and consumer sentiment.

 

Earnings are due from JPMorgan.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Report (Jan. 9- Jan. 13)

 

To read the Weekly fundamental analysis click here

 

Markets

 

Stocks rocovered somewhat Friday. However, US indices were still in the red afte the close of business. This comes as investors are afraid that teh S&P will downgrade several EU countries.

 

 

 

DJIA CHART

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/a2.png

 

 

 

 

 

FOREX

 

It has happened, Friday France lost its AAA rating and was cut to AA+… Austria also was cut becuase of debt problems. , Italy was cut to BBB+, placing the Eurozone’s third-largest economy close to the threshold of junk status. Portugal was cut to junk. This move could affect the use of Portuguese debt as collateral to borrow from the ECB.

 

Germany had its AAA rating upheld and its outlook was moved off “negative watch” to “positive”. That was good news.

 

One big possibilty from these recent S&P sowngrades can also be the potential for the EFSF losing its own top rating at risk unless it increases guarantees to maintain its capacity of 440 billion Euros. This was hinted to, as possiblity by and ECB Board Member, Austrian National Bank Governor Ewald Nowotny.

 

 

 

EURUSD

 

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/b2.png

 

 

 

 

COMMODITIES

 

Crude lost 40 cents to close at $98.70 . Brent crude, lost 70 cents to close at $110.35. Gold lost over 1% to close at $1630.80.

 

Oil Chart

 

 

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/c2-300x123.png

 

 

 

EQUTIES

 

JPMorgan profits that met expectations. Still its shares fell they missed its revenue number. Citigroup, Wells Fargo, BofA and Morgan Stanley will post earnings next week. Caterpillar finished higher after Barclays raised its price target to $128 from $115.

 

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 the US, the trade deficit totaled $47.8 billion. This number ended up widening in November. This is the widest it has been in nearly 5 months. Europe saw France lose its AAA credits rating. Austria was also cut and Italy is now on the brink of junk status.

 

THE WEEK AHEAD

 

MONDAY: MLK Day—All US Markets Closed

 

TUESDAY: Empire state mfg survey

 

WEDNESDAY: Weekly mortgage apps, PPI, industrial production, housing market index

 

THURSDAY: CPI, housing starts, jobless claims, oil inventories

 

FRIDAY: Existing home sales

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Binary Options Daily Analysis – S&P Due to Downgrade Several European Countries

 

To read the Weekly technical report click here

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Equities

 

The week closed on an up note in Asia, as the region’s markets traded mostly higher. The Nikkei rallied 1.4% to 8500, the Kospi gained .6%, and the ASX 200 rose .4%. In greater China, the Hang Seng edged up .6%, while the Shanghai Composite fell 1.3%, following the release of a report which revealed a drop in China’s foreign exchange reserves.

 

News that S&P was due to downgrade the credit rating of several European countries pressured the region’s markets. The FTSE lost .5%, the DAX dropped .6%, while the CAC40 edged down .1%. It is expected that France and Austria will be downgraded by one notch, while Spain and Portugal will drop 2 notches. Adding to the debt pain, a breakdown in negotiations between Greece and holders of its debt could spell major troubles for the Euro zone.

 

US stocks fell moderately as well. The Dow lost 49 points to 12422, while the Nasdaq, and S&P 500 shed .5%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/jan-16-dow.png

Dow Mostly Recovers from Steep Morning Slide

 

JPMorgan reported earnings that fell short on revenue, sending the shares down 2.5%. The negative news weighed on banking shares, sending Citigroup down 2.7%, and Morgan Stanley down 3.1%.

 

Treasuries and Commodities

An escalation of Europe’s debt troubles boosted demand for US debt, sending 10-year notes up 17/32 to yield 1.96%, and 30-year notes up 1 7/32 to yield 2.91%.

 

Commodities traded mostly lower. In energy, natural gas slumped 1% to 2.67, and crude oil slipped .4% to 98.70. Gasoline futures posted a slight gain of .1%.

 

Silver led metals lower, dropping 2% to 29.522. Gold sank 1% to 1630.80, and copper eased .3% to 3.637.

 

Selling was particularly heavy in agricultural futures. Soybeans lost 2.1%, coffee tanked 3.7%, and sugar declined 2.5%.

 

Currencies

The heavy dose of negative European news hit the single currency hard. The Euro fell as low as 1.2626, before recovering slightly, closing down 1.1% to 1.2680. The Yen, Pound, and Australian Dollar all declined a mere .1%, which the Canadian Dollar dropped .4% to 1.0230. The Swiss Franc eased .2% to 1.0506.

 

Economic Outlook

Consumer sentiment data from the University of Michigan rose to 74 from 69.9, beating estimates for 71.2. The trade deficit grew to $47.8 billion, a significant increase from last month’s $43.3 billion deficit, hitting its highest level in 5 months.

 

US stock and bond markets will be closed on Monday for Martin Luther King Day.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – European Markets Shrug Off S&P Downgrades

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Over the weekend, S&P downgraded the debt ratings of 9 out of 17 euro zone countries, sending Asian markets lower on Monday. The Nikkei sank 1.4% to 8378, as the Euro-Yen (EURJPY) fell to 97.22, its lowest level in more than a decade, hurting exporters. In Korea, the Kospi shed .9%, and Australia’s ASX 200 dropped 1.2%. The Hang Seng slid 1% to 19012, while the Shanghai Composite tumbled 1.7%, largely erasing last week’s gains.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/jan-17-shanghai.png

Shanghai Composite Slides 1.7%

 

In contrast, European markets climbed, despite the wave of credit downgrades. The DAX rallied 1.3%, the CAC40 climbed .9%, and the FTSE rose .4%. Late Monday, S&P downgraded the European Stability Fund’s credit rating by one notch, which may make it harder for the fund to obtain cheap funding.

 

US markets were closed for Martin Luther King Day

 

Treasuries and Commodities

While US bond markets were closed, German bonds traded modestly lower. 10-year notes eased .04 to yield 1.77%, and 30-year notes edged down .295 to yield 2.36%.

 

Natural gas tanked 4.5% to 2.55, while crude oil rose 1% to 99.69. Gasoline futures, which tend to follow crude prices, advanced 1.4% to 2.7725.

 

Silver led metals higher, rallying 1.4% to 29.945. Gold rose .8% to 1643.50, and copper gained 1.1% to 3.676.

 

Currencies

Global currencies traded in relatively narrow ranges, thanks to the US holiday. The Canadian Dollar gained .5% to 1.1081, ahead of the Bank of Canada’s rate decision on Tuesday. The Swiss Franc slipped .3% to 1.0478, the Australian Dollar eased .2% to 1.0306, and the Euro edged down .1% to 1.2664. The Yen rose .2% to 76.78.

 

Economic Outlook

Tuesday’s sole economic report is the Empire State manufacturing survey. Analysts are expecting the index to rise to 10.8 from last month’s 9.5 reading.

 

Earnings are scheduled for Checkpoint Software, Citigroup, TD Ameritrade, and Wells Fargo, along with a slew of regional banks.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – Chinese GDP Better than Expected, Lifting Markets

 

To read the Weekly technical report click here

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Equities

GDP data from China showed the economy grew at 8.9% in the last quarter, better than forecast. The news sent the Shanghai Composite soaring 4.2%, despite the fact that the figure was lower than last quarter’s 9.1% growth. Across the region, stocks rallied, particularly in neighboring Hong Kong, where the Hong Seng jumped 3.2% to 19638. The Nikkei advanced 1.1% to 8466, the Kospi climbed 1.8%, and the ASX rose by 1.7%.

 

The upbeat sentiment continued in Europe, as the DAX rallied 1.8%, the CAC40 gained 1.4%, and the FTSE rose .7%. Automakers posted a 2.8% gain, as fear of a Chinese hard landing abated.

 

US stocks posted smaller gains. The Dow tacked on 60 points to 12482, the Nasdaq advanced .6%, and the S&P 500 gained .4%.

 

Citigroup shares tumbled 8.2% after reporting weaker than expected earnings, while Wells Fargo inched up .7% after beating estimates. Financials traded mostly lower, as the weight of Citigroup’s disappointment hit the sector.

 

Research in Motion surged 8% on takeover rumors, and Sears rocketed 9.5% higher amid rumors the company will be going private.

 

Cruise operator, Carnival, tumbled nearly 14% as the market reacted to the weekend crash of a cruise ship off the coast of Italy.

 

Treasuries and Commodities

Bonds edged up slightly. 10-year notes rose 2/32 to yield 1.86%, and 30-year notes rose 6/32 to yield 2.90%.

 

Commodities rallied almost universally. Crude oil jumped 2.2% to 100.84, and gasoline gained 1.4% to 2.7734.

 

Natural gas tumbled 7% to 2.483, adding to its recent plummet.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/jan-18-nat-gas.png

Natural Gas Drops Nearly 20% in 5 Days

 

Copper climbed 2.3% to 3.72, silver gained 1.6% to 30.005, and gold rose 1.3% to 1652.60.

 

Currencies

A successful bond auction in Spain helped boost European currencies. The Swiss Franc rallied .8% to 1.0533, the Euro gained .6% to 1.2734, and the Pound inched up .1% to 1.5332. The Canadian Dollar edged up .3% after the Bank of Canada kept rates steady at 1%. In the Pacific region, the Australian Dollar climbed .7% to 1.0379, and the Yen closed down fractionally at 76.82.

 

Economic Outlook

The Empire State manufacturing index blew past expectations, rising to 13.5 from last month’s 9.5 reading, its highest level since April.

 

Germany’s ZEW economic sentiment indicator improved considerably from last month’s -53.8 reading, climbing to -32.5.

 

Wednesday’s economic reports will include PPI, industrial production, the housing market index, and weekly mortgage applications.

 

Earnings are scheduled for Ebay, Goldman Sachs, State Street, and US Bankcorp.

 

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – Housing Market Sentiment Soars to 4.5 Year High

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets traded mixed on Wednesday, as doubts over Greece’s debt burden clashed with Tuesday’s cheer. The Nikkei climbed 1% to 8551, lifted by a sharp 6.6% rally in Elpida Memory on news the company is seeking a deal with Micron Technology. The Hang Seng rose .3%, to 19687, while the Kospi and ASX 200 settled little changed. The Shanghai Composite fell 1.4% to 2264, following Tuesday’s powerful 4.2% rally, the largest single-day gain in more than 2 years.

 

European shares traded mixed as well. The FTSE rose .2%, the DAX gained .3%, while the CAC40 eased .2%. Societe Generale shares surged 6% as Greece resumed debt negotiations, on hopes the bank’s losses due to exposure to Greek debt will be less than feared.

 

Upbeat data and rumors of a possible Greek-debt deal later in the week sent US stocks higher. The Nasdaq led the advance, climbing 1.5%. The Dow rose 97 points to 12576, and the S&P 500 gained 1.1% to 1308.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/jan-19-nasdaq.png

Nasdaq Rallies 1.5%,

 

Goldman Sachs surged 6.8% after beating earnings estimates, while Bank of NY Mellon sank 4.6% after reporting weak earnings.

 

Home builders soared, thanks to upbeat home builder sentiment index data. The index rose to its highest level since June 2007. Hovnanian closed up 12.2%, and Pulte Homes posted a 5.9% gain.

 

After the close, Ebay shares rose 2.4% on strong revenue growth.

 

Treasuries and Commodities

Bonds fell, with 10-year notes shedding 12/32 to yield 1.90%, and 30-year notes sinking 1 7/32 to yield 2.96%.

 

Gasoline futures rallied 2.2% to 2.8325, while crude oil posted a slight .1% gain. Natural gas slipped .4% to 2.479.

 

Silver climbed 1.1% to 30.45, copper rallied .8% to 3.761, and gold gained .4% to 1662.20.

 

Currencies

The Euro surged 1.6% as hopes for a solution to Greek’s debt woes lifted the single currency. The Australian Dollar rallied 1.2% to 1.0430, the Swiss Franc advance 1% to 1.0654, and the Pound climbed .8% to 1.5441. The Canadian Dollar posted a smaller .4% gain to 1.0112, and the Yen inched up fractionally to 76.99.

 

Economic Outlook

The NAHB housing market index jumped to 25 from last month’s reading of 21, blowing past analyst estimates of a rise to 22. Industrial production rose by .4%, slightly less than forecast, and PPI slipped .1%, following last month’s .3% gain.

 

Thursday’s economic data will include CPI, housing starts, weekly jobless claims, and weekly oil inventories.

 

Thursday’s impressive earnings lineup will include reports from American Express, Bank of America, BlackRock, Capital One, Google, Intel, IBM, Microsoft, Morgan Stanley, and SouthWest Airlines.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – Stocks Gain on IMF Hopes, Kodak Files for Bankruptcy

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets rallied to their highest level in more than a month, following news the IMF is hoping to raise $600 billion in funding to help tackle the euro debt crisis. The Nikkei gained 1% to 8640, the Kospi jumped 1.2%, and the Hang Seng rallied 1.3%. China’s Shanghai Composite climbed 1.3%, nearly erasing Wednesday’s 1.4% drop. Australia’s ASX 200 lagged the region, easing .1%, as employment data showed an unexpected drop of 30K jobs in December.

 

France’s CAC40 soared 2% to 3329, as European indexes traded higher, following strong bond auctions in Spain and France. The DAX gained 1%, and the FTSE rose .7%, as European banks rocketed up 7.4% on hopes the IMF will help address the ongoing debt crisis.

 

US stocks posted moderate gains, thanks to positive economic and earnings news. The Dow rose 45 points to 12624, the Nasdaq rallied .7%, and the S&P 500 gained .5% to 1314.50.

 

Morgan Stanley shares jumped 5.4% after the company beat earnings forecasts, even though the company reported a decline in revenue to a legal settlement.

 

Kodak filed for bankruptcy, and the company said it had received a $950 million credit facility from Citigroup to keep the company operating.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/jan-20-kodak.png

Kodak Files for Bankruptcy

 

Treasuries and Commodities

Bonds continued to drop, with 10-year notes down 23/32 to yield 1.98%. 30-year notes fell 1 21/32 to yield 3.04%.

 

Natural gas plunged another 6.8% to 2.304, as the recent selloff continued. Crude oil eased .2% to 100.39, despite an unexpected drop in oil inventories.

 

Copper rallied 1.6% to 3.8105, while gold edged down .3% to 1655.50. Silver settled at 30.525, down fractionally.

 

Currencies

European currencies advanced, as renewed hopes for a debt solution lifted the region. The Euro and Swiss Franc gained .8%, and the Pound rose .4% to 1.5484. The Yen fell .4% to 77.12, while the Australian Dollar closed down .1% to 1.0412.

 

Economic Outlook

Weekly unemployment claims dropped to 352K, vastly exceeding analyst expectations of 387K. CPI was flat, while core CPI rose .1%, in line with forecasts. On a weaker note, housing starts fell to 660K, 30K short of forecasts.

 

Friday’s single report will be existing home sales, which are expected to rise to 4.65 million.

 

Earnings are scheduled for GE, Schlumberger, and Comerica.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Report (Jan. 9- Jan. 13)

 

To read the Weekly fundamental analysis click here

 

Markets

 

Markets had a quiet day on friday. This coomes as traders are uneasy after some weak earnings reports.

 

All three major US indices we up adding two percent for the week. This comes as ongoing trepidation over the Euro zone debt crisis. The Dow Jonesrose96.50 points, to close at 12,720.48. The S&P 500 rose0.88 points to close at 1,315.38. The Nasdaq lost 1.63 points to finish at 2,786.70.

 

DJIA CHART

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/a3.png

 

 

 

 

 

 

 

FOREX

 

The US Dollar lost much ground this week. The Euro showed signs of life against the Dollar . It will be important to watch events out of the US this coming week as it could impact the Dollar further.

 

We will be watching the US Fed’s policy setting decision on Wednesday and end-of week GDP data. The Fed is very unlikely to change interest rates or monetary policy, but it will unveil a new tool in its arsenal: interest rate forecasts. FOMC members will show when they interest rates will be raised through 2016.

 

 

 

EURUSD

 

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/b3-300x123.png

 

 

COMMODITIES

 

Crude was down $1.93 to close at $98.46 .The market was down 0.2% for the week. On Friday, gold was u $9.60 to close at $1664.00.

 

Oil Chart

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/c3.png

 

 

 

EQUTIES

 

Google fell sharply to lead the S&P laggards after the Internet giant’s results failed to reach Wall Street estimates. goole had beaten on revenue for eight consecutive quarters. Talbots jumped over 15 percent amid takeover talks from Golden Gate. General Motors reclaimed again the top spot as the world’s best selling maker of autos

 

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

 

Out of europe, debt ridden Greece is in talks with private creditors over the details of a haircut on some of its bonds. Out of the US, existing home sales rose 5 percent in December. This gauge is now hitting a 11-month high. it is also seeing its third-straight month of an increase.

 

THE WEEK AHEAD

 

MONDAY: EU finance ministers meet in Brussels

 

TUESDAY: 2-yr note auction, FOMC meeting begins, Obama’s State of the Union address

 

WEDNESDAY: Weekly mortgage apps, FHFA house price index, pending home sales, oil inventories, FOMC meeting announcement, Bernanke press conference

 

THURSDAY: Durable goods orders, jobless claims, new home sales, leading indicators, 7-yr note auction

 

FRIDAY: GDP, consumer sentiment

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Daily Analysis – Asia Rallies, Western Markets end Mixed

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets advanced on Friday, shrugging off a weak PMI report from China. The Nikkei rallied 1.5% to 8766, and the Kospi surged 1.8%, both settling at their highest close in months. The Shanghai Composite climbed 1% to 2319, and the Hang Seng gained .8% to 20110, reaching a 3.5 month high as it crossed back above the 20000 mark. Australia’s ASX 200 lagged slightly behind, rising .6%.

 

In Europe, stocks closed slightly lower, but closed higher for the week. The FTSE, DAX, and CAC40 all eased .2%,

 

US stocks ended mixed as investors reacted to a heavy dose of earnings news. The Dow rallied 97 points to 12720, the S&P 500 gained .1%, while the Nasdaq closed down fractionally. The VIX tumbled 8% to 18.28.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/jan-23-dow.png

Dow Rallies 97 Points on Strong Earnings News

 

Google shares tumbled 8.4% to 586, after falling short of analyst estimates. The company had beaten estimates on revenue for 8 straight quarters.

 

Microsoft and IBM shares advanced on solid earnings reposts, gaining 5.7% and 4.4% respectively.

 

Talbots shares rocketed up 18.6% on takeover rumors.

 

Treasuries and Commodities

Bonds fell for a 3rd straight day, with 10-year notes down 13/32 to yield 2.02%, and 30-year notes down 1 4/32 to yield 3.10%.

 

Natural gas managed to break its losing streak, rising .9% to 2.343. Crude oil slumped 2.2% to 98.33, and gasoline decline 1.1% to 2.7844.

 

Metals closed mixed as well. Silver surged 3.8% to 31.675, and gold gained .6% to 1664, while copper fell 1.5% to 3.745.

 

Currencies

The Pound advanced .6% to 1.5574, thanks to upbeat retails sales data which showed a gain of .6%, after last month’s .5% decline. The Australian Dollar rallied .7% to 1.0494. The Euro slipped .3% to 1.2935, settling in the middle of its daily range, while the Yen ticked up .1% to 77.03.

 

Economic Outlook

Existing home sales rose by 5% to an annualized rate of 4.61M, up from last month’s 4.39M reading, but fell slightly short of analyst forecasts.

 

No major economic reports are due on Monday. Earnings are due from Halliburton, Texas Instruments, VMWare, and Western Digital.

 

Binary Options Trading analysis written by Bradley Welcher

[systeven00]

Forex trading with low minimum deposit

 

Do you guys know/use any site that has a minimal deposit that is lower than 50$.

Thanks!

 

Forex software?

 

I was thinking about using some trading software such as Forex Megadroid or Fap Turbo software. Has anyone used any of this software at all? I did find this PDF on the Forex Megadroid which is helpful (http://www.thepdfportal.com/forex_megadorid_3.pdf). Unfortunately all of the "reviews" on the web look like affiliates..

Edited January 31, 2012 by systeven00

[BinaryOptionStrategy]

Binary Options Daily Analysis – Commodities Gain, Dollar Slips on Greek Debt Hopes

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

Many Asian markets were closed on Monday for the Lunar New Year. In Japan, the Nikkei closed flat at 8766, and Australia’s ASX 200 slipped .3% as miners fell.

 

European markets advanced on news that Greece was close to reaching a deal with debt holders. The FTSE climbed .9%, while the CAC40 and DAX gained .5%. The European banking index surged 3.9% amid rumors that France and Germany were calling for a relaxation of capital requirements.

 

US markets closed mixed in light trading. The Dow and Nasdaq declined .1%, while the S&P 500 edged up fractionally.

 

Research in Motion tumbled 8.5% after the company’s CEO resigned over the weekend.

 

Treasuries and Commodities

Bond prices continued to fall, dropping for a fourth straight session. 10-year notes slipped 11/32 to yield 2.07%, and 30-year notes fell 28/32 to yield 3.14%.

 

Natural gas soared 9% to 2.554 in a powerful bounce following the recent collapse in prices. Crude oil gained 1.55 to 99.88.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/jan-24-nat-gas.png

Natural Gas Soars 9%

 

Silver jumped 2% to 32.30, copper climbed 1.7% to 3.8085, and gold advanced .8% to 1676.50.

 

Currencies

The Euro crossed back above 1.30 to 1.3031, up .7% amid hopes for a Greece debt deal. Similarly, the Swiss Franc gained .8% to 1.0792. Both the Australian and Canadian Dollar rose .5%, while the Yen and Pound settle little changed.

 

Economic Outlook

Tuesday’s lone report is the Richmond manufacturing index, which is expected to rise from 3 to 6. The Fed will begin their 2-day meeting on Tuesday.

 

President Obama’s State of the Union address will take place in the evening.

 

Earnings are scheduled for Apple, AMD, Coach, McDonald’s, Travelers, Verizon and Yahoo.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – European Officials Reject Greek Debt Deal

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Binary Options Daily Analysis – European Officials Reject Greek Debt Deal

Equities

In Asia, markets in Korea, China, and Hong Kong remained closed for the Lunar New Year. The Nikkei rose .3% to 8985, as Elpida Memory soared 4% on hopes for a successful merger with Micron Technology. The ASX 200 closed flat, surrendering earlier gains.

 

European shares declined as hopes for a Greek debt deal began to fade, after finance ministers rejected an offer from private debt holders. The FTSE and CAC40 fell .5%, and the DAX eased .3%, despite an upbeat PMI report which rose to its highest level in 4 months.

 

In the US, the major indexes closed mixed. The S&P 500 snapped its 5-day winning streak, slipping .1%, while the Dow ticked down 33 points to 12676. The Nasdaq posted a modest .1% rise.

 

Travelers’ shares fell 3.8% after reporting earnings which were weaker than expected. Texas Instruments reported chip sales that beat expectations, but the shares still fell 2%.

 

Treasuries and Commodities

Bonds extended their losing streak to 5 straight days, with 10-year notes down 1/32 to yield 2.05%, and 30-year notes down 7/32 to yield 3.14%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/jan-25-bond-yield.png

Yields rise on 30-year notes as prices fall for 5 straight days

 

In energy, natural gas climbed 1% to 2.551, gasoline advanced 1.2% to 2.8121, while crude oil slipped .4% to 98.15.

 

Metals traded mostly lower. Gold dropped .7% to 1665.90, and silver lost 1% to 31.96. Copper managed a modest .3% gain to 3.81.

 

Currencies

The Dollar traded mixed against world currencies, as traders paid little mind to the disappointing news from Greece. The Yen slumped 1% to 77.72 against the dollar, and the Australian dollar declined d.5% to 1.0477, while the Pound rose .3% to 1.5616. The Euro inched up 7 pips to 1.3026, and the Canadian Dollar edged up .1% to 1.0100.

 

Economic Outlook

The Richmond manufacturing index blew past forecasts, surging to 12 from last month’s reading of 3. Analysts had expected the index to rise to 6.

 

Wednesday’s economic data will include the OFHEO home price index, pending home sales, weekly mortgage applications, and weekly oil inventories.

 

In the afternoon, the Fed will issue its rate statement and hold a press conference.

 

Wednesday’s heavyweight earnings schedule will include reports from Abbott, Boeing, Citrix, Corning, Etrade, General Dynamics, Hess, Motorola, Netflix, Sandisk, Symantec, United Technologies, and Xerox.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – Fed Pledges to Keep Rates Steady Until 2014

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Outstanding earnings from Apple on Tuesday evening helped propel Asian markets higher on Wednesday. The Nikkei rallied 1.1% to 8840, as a drop in the Yen boosted exporters such as Sony, which surged 4.8%. The ASX 200 climbed 1.1%, and the Kospi inched up .1%. Markets in China and Hong Kong remained closed for the Lunar New Year.

 

Concerns over Greek’s debt situation pressured European banks, sending the FTSE down .5% and the CAC40 down .3%. Nonetheless the DAX managed a slight gain. The European mobile sector fell after Ericsson missed profit forecasts.

 

US stocks advanced in the afternoon, thanks to a commitment from the Fed not to raise interest rates for at least 2 years. Tech shares led the advance, as the Nasdaq gained 1.1% to 2818. The Dow rose 83 points to 12759, and the S&P 500 closed up .9%.

 

Apple shares surged 6.2% to 446.66 after reporting earnings which exceeded analyst forecasts. 15 brokerage firms raised their targets on the stock, which settled at an all time closing high.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/jan-26-apple.png

AMD gained 3% after beating estimates for earnings, although revenue fell short of forecasts.

 

Treasuries and Commodities

Bonds snapped their losing streak, as fears of interest rate hikes were dispelled by the Fed. 5-year notes jumped 15/32 to yield .80%, and 10-year notes gained 17/32 to yield 2.00%. In Europe, German bonds rallied, with 10-year notes up .435 and 30-year notes up 1.165.

 

Wild swings continue to dominate natural gas’s price chart. On Wednesday, natural gas soared 7.4% to 2.74. Gasoline climbed 1.5% to 2.846, and crude oil rose .9% to 99.86.

 

Metals posted impressive gains, led by silver’s attention-grabbing 4.1% gain. Gold soared 2.8% to 1711.30, and copper rose 1.3% to 3.8565.

 

Currencies

The Australian Dollar jumped 1.2% to 1.0606, as the US Dollar fell against its peers. The Euro and Canadian Dollar both rose .6% to 1.3115 and 1.0039 respectively, and the Pound gained .3% to 1.5670. The Yen eased fractionally to settle at 77.72, and the Swiss Franc advanced .7% to 1.0858.

 

Economic Outlook

Pending home sales fell 3.5% in December, following November’s 7.3% advance. On the plus side, the OFHEO home price index rose by 1%, more than expected.

 

Thursday’s economic calendar will include durable goods, weekly jobless claims, new home sales, and leading indicators.

 

Earnings are due from many major companies including AT&T, Bristol-Myers, Caterpillar, 3M, Juniper, JetBlue, Maxim, Motorola Mobility, Raytheon, Starbucks, and Time-Warner Cable.

 

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – European Shares Rally on Hopes for Greek Debt Plan

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets traded mostly higher, encouraged by the Fed’s commitment to keep interest rates unchanged through 2014. The Hang Seng soared 1.6% as Hong Kong’s markets returned from the Lunar New Year Holiday, although volume was light, since China’s markets will remain shut until Monday. The Kospi edged up .3% despite weak 4th quarter GDP data. Meanwhile, the Nikkei skidded .4% to 8849, and markets in Australia were closed

 

European markets posted strong gains on hopes that Greek debt negotiations were progressing. The DAX surged 1.8%, the CAC40 climbed 1.5%, and the FTSE gained 1.3%. Shares in retailer, Carrefour, jumped 7.5% on rumors of a change in management, and Nokia shares rallied 3.1% on strong earnings data.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/jan-27-dax.png

Germany's DAX Jumps 1.8%

 

US stocks pared early gains to close lower. The Dow slipped 22 points to 12735, the Nasdaq dropped .5%, and the S&P 500 fell .6%.

 

Netflix shares surged 22% to 116.01 after announcing subscriber growth which exceeded forecasts. AT&T fell 2.5% on weaker than expected profits.

 

Treasuries and Commodities

Bonds rallied, with 10-year notes up 16/32 to yield 1.94%, and 30-year notes up 1 4/32 to yield 3.09%.

 

Portuguese debt yields hit record highs amid growing expectations that the country will be unable to meet its obligations. 5-year notes rose to yield an outrageous 20.25%, while 10-year notes yielded 15.2%.

 

Crude oil rose .5% to 99.87, and gasoline futures climbed .6% to 2.8505. Natural gas plummeted 5% to 2.592 as the wild daily swings continued.

 

Metals advanced, led by copper, which posted a 1.5% gain to 3.885. Gold rose 1.2% to 1720.40, and silver closed up .7% at 33.355.

 

Currencies

Currencies traded in narrow ranges, as the dollar fell modestly. The Australian dollar, Japanese Yen, and Canadian dollar all gained .3%, and the Pound edged up .2% to 1.5691. The Euro inched up 6 pips to 1.3106, while the Swiss Franc rose .2% to 1.0865.

 

Economic Outlook

Thursday’s economic data was mixed. Weekly jobless claims were 6K more than expected, rising to 371K from last week’s 351K reading, and new home sales fell to 307K from last month’s 314K. On the bright side, durable goods orders rose 2.1%,, and core durable goods order jumped by 3%, both better than forecast.

 

Friday’s reports will include advance GDP, which is expected to indicate growth of 3%. Also due is consumer sentiment from the University of Michigan.

 

Friday’s earnings report schedule will include Altria, Amgen, Chevron, Ford, Honeywell, Procter & Gamble, and T Rowe Price.

 

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Report (Jan. 23- Jan. 27)

 

To read the Weekly fundamental analysis click here

 

Markets

 

The markets finished Friday a bit mixed as weak economic and earnings reports scared investors. Further fears out of the Euro zone were no help. The Dow Jones was off 74.17 points, and closed at 12,660.46. The S&P 500 paired losses but was off by 2.10 points, or 0to close at1,316.33. The Nasdaq rose 11.27 points to close at 2,816.55.

 

DJIA CHART

 

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/a4.png

 

 

FOREX

 

This week will featre an important European summit. Also, we have US employment data due out which should make it an interesting week for forex markets. .

 

The EURUSD never looked back as it ended near fresh multi month highs at the close of Friday. Can it sustain this recovery?

 

A European summit on Monday could be a key factor in the Euro as we enter February. On Friday, the NFP are released in the US. These will highly influencethe broad financial markets. . Markets are tired of listening to Angela Merkel, Nicolas Sarkozy, and fellow Euro Zone leaders commit to vague action plans for the sake of the Euro Zone. In other Can Monday’s summit finally give us some solid indication of a game plan to save the Euro Zone? If not… the Euro recover can be in real trouble.

 

EURUSD

 

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/b4.png

 

 

 

 

COMMODITIES

 

Oil was off 14 cents andclosed at $99.56 after hitting $100.63. Brent rose 67 cents to end at $111.46. Gold rose Friday by 9.40 to close at 1663.70 and ounce on the COMEX.

 

Oil Chart

 

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/c4.png

 

 

EQUTIES

 

Among the Dow components, Caterpillar was the biggest winner and Travelerswas the biggest loser for the day. Chevron was down sharply after the oil giant reported lower-than-expected earnings, due to rising spending on oil and gas projects offset gains from rising crude prices. Ford also posted lower-than-expected earnings on disappointing results outside North America and rising commodity costs.

 

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

 

Fitch is downgrading downgrading Italy, Spain, Belgium, Cyprus and Slovenia, on economic headwinds from the euro zone’s debt crisis. Out of the USthe GDP expanded at a 2.8 percent annual rate, logging its fastest pace in 1-1/2 years in Q4. However, this missedexpectations for a 3.0 percent gain.

 

The consumer sentiment index rose to a 11-month high in January, climbing to 75, from December’s reading of 69.9.

 

THE WEEK AHEAD

 

MONDAY: Personal income & spending, Dallas Fed mfg survey

 

TUESDAY: Employment cost index, S&P Case-Shiller home price index, Chicago PMI, consumer confidence, Florida GOP Primary vote

 

WEDNESDAY: Weekly mortgage applications, Challenger job-cut report, ADP employment report, Fed’s Plosser speaks, ISM mfg index, construction spending, oil inventories, auto sales

 

THURSDAY: Jobless claims, productivity and costs, Fed’s Fisher speaks, chain-store sales

 

FRIDAY: Employment situation, factory orders, ISM non-mfg index

 

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Binary Options Daily Analysis – US GDP Improves, by Falls Short of Forecasts

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets traded mostly higher on Friday. The Kospi advanced .4% to 1965, a 6-month high, boosted by Samsung’s record profits. Similarly, the ASX 200 gained .4%, as a rebound in metal prices lifted miners. The Nikkei eased a mere .1% to 8841, despite steep losses from NEC, Nintendo, and Elpida Memory. The Hang Seng closed flat, while China’s Shanghai Composite remained closed for the Lunar New Year.

 

Disappointing GDP data from the US weighed on European shares in the afternoon. The CAC40 fell 1.3%, the FTSE lose 1.1%, and the DAX slipped .4%.

 

US GDP grew at 2.8% in the fourth quarter, the fastest pace in nearly 2 years. The data was slightly below the 3% expected by analysts, but far better than last quarter’s 1.8% growth.

 

US indexes settled mixed, as the Dow lost 74 points to 12660, and the S&P 500 slipped .2%, while the Nasdaq gained .4%. Several disappointing earnings reports weighed on stocks. Dow-component, Chevron, fell 2.5% after reporting earnings that fell short of forecasts. Ford sank 4.2% on weak earnings, and Juniper Networks dropped 3% after issuing a weak outlook.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/jan-30-dow-300x133.png

Dow Sinks 74 Points

 

A report in the Wall Street Journal said Facebook may file for an IPO as soon as next week.

 

Treasuries and Commodities

Bonds rallied for a 3rd day. 10-year notes gained 11/32 to yield 1.89%, and 30-year notes advanced 20/32 to yield 3.06%.

 

Crude oil dipped .1% to 99.56, while the rest of energy rallied. Natural gas surged 3.8% to 2.756, and gasoline climbed 2.8% to 2.9268.

 

Gold ticked up .3% to 1732.30, and silver edged up .1% to 33.79. Copper posted a slight loss of .3%, settling at 3.889.

 

Currencies

The Dollar sank against global currencies, as the disappointing GDP data pressured the greenback. The Euro and Swiss Franc advanced .9% to 1.3220 and 1.0958 respectively. The Yen jumped 1% to 76.68, reversing its losses from earlier in the week. The Pound and Australian Dollar both edged up .3%.

 

Economic Outlook

Consumer Sentiment rose to 75 from last month’s 74, more than expected.

 

Monday’s economic calendar will include data on Personal income & spending, and the Dallas Fed manufacturing index.

 

Earnings are due from Acer, Baidu, Graco, and Wendy’s.

 

Binary Options Trading analysis written by Bradley Welcher

[ian_arifin]

Saxo Outrageous Predictions 2012

 

USD CNY to rise 10% to 7.0

 

marginal returns from building million-inhabitant ghost towns diminish and exporters struggle with razor-thin margins - CNY china gets to brink of recession -- 5-6% GDP growth

 

chinese policymakers come to rescue of exporters by allowing CNY to decline against USD

 

this will send USDCNY up to 7.00 a 10% increase!!

[BinaryOptionStrategy]

Binary Options Daily Analysis – Greece Debt Deal Remains Elusive, Consumer Spending D

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

The week opened on a soft note as Asian markets declined. The Nikkei sagged .5% to 8793, as Mitsubishi Electric tumbled 15% after the government suspended dealings with the machinery-maker, due to accusations of overcharging. The Kospi and Hang Seng skidded 1.2%, and the Shanghai Composite dropped 1.5% as trading resumed after the week-long Lunar New Year. Australia’s ASX 200 posted a modest .4% loss.

 

Greece failed to reach a deal with private debt holders, pressuring European indexes. Banking shares fell 3.1%. The CAC40 slumped 1.6%, the FTSE fell 1.1%, and the DAX lost 1%. French Banks bore the brunt of the selling, as BNP Paribas, Societe Generale, and Credit Agricole each fell at least 6.5%. Yields on Portuguese debt continued to climb, amid mounting concerns that the country may need another bailout.

 

US stocks opened sharply lower, but they recovered most of their losses by the close. The Dow eased a mere 7 points to 12654, after falling as much as 130 points in the first hour of trading. The S&P 500 fell .3% to 1313, and the Nasdaq declined .2%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/jan-31-dow-300x137.png

Dow Pares Losses in Afternoon Advance

 

Bank of America dropped 3% after Goldman Sachs downgraded the stock to “neutral” from “buy”. Goldman Sachs upgraded Morgan Stanley, but the stock still fell 1.9%.

 

US Airways surged 4.2% on rumors Delta may make an offer to buy the company.

 

Treasuries and Commodities

European debt concerns helped lift bonds for their 4th straight day. 10-year notes gained 13/32 to yield 1.85%, and 30-year notes rallied 1 5/32 to yield 3.00%.

 

Commodities fell across the board. In energy, natural gas tanked 2.7% to 2.683, gasoline fell 2% to 2.869, and crude oil slipped .7% to 98.84.

 

Copper fell 1.5%, leading metals lower. Silver sank 1.1% to 33.435, and gold eased .3% to 1727.30.

 

Currencies

The Yen soared 1.4% to 76.34, a 3-month high, while the Dollar traded modestly lower against most other currencies. The Euro ticked up .2% to 1.3130, the Swiss Franc advanced .3% to 1.0896, and the Pound edged up 8 pips to 1.5701. The Australian Dollar eased .3% to 1.0596, as a drop in commodity prices weighed on the currency.

 

Economic Outlook

Personal income rose by .5% last month, slightly more than expected, but personal spending, which is considered more important, remained flat, falling short of forecasts for a .2% increase.

 

Tuesday’s reports will include the Case-Shiller home price index, Chicago PMI, employment cost index, and consumer confidence.

 

Tuesday’s star-studded earnings lineup will include reports from Amazon, Archer Daniels Midland, Broadcom, Eli Lilly, ExxonMobil, Level 3 Communications, Mattel, Pfizer, UPS, and Valero Energy.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – January Closes Quietly as Stocks Post Large Monthly

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

 

Asian markets advanced moderately on Tuesday. The Kospi climbed .8% to 1956, the Hang Seng rallied 1.1%, and the Shanghai Composite added .3% to 2293. Lagging behind, the Nikkei inched up .1% to 8803, while the ASX 200 slipped .2%.

 

European markets gained as well, despite weaker than expected data from the US. The CAC40 posted a solid 1% gain, while the DAX and FTSE rose a modest .2%. Hopes lingered on for a Greek debt deal, while pressure mounted on the heavily-indebted country to undertake steep spending cuts.

 

US stocks closed little changed, overcoming earlier losses. The Dow slipped 21 points to 12634, the S&P 500 closed flat at 1312, and the Nasdaq gained 2 points to 2814. Nonetheless, January was an extremely strong month for stocks, as the Dow climbed 3.4%, the S&P 500 advanced 4.4%, and the Nasdaq soared 8%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/01/feb-1-nasdaq-300x134.png

Nasdaq Soars 8% in January

 

RadioShack tumbled 30% after issuing a profit warning, dropping to a 3-year low. Mattel advanced 5% on strong earnings, while UPS slipped .7% despite exceeding analyst forecasts.

 

Treasuries and Commodities

US bonds extended their rally to 5 straight days. 10-year notes gained 15/32 to yield 1.79%, and 30-year notes advanced 1 8/32 to yield 2.94%.

 

Commodities traded mixed, with no clear direction even within market sectors.

 

Natural gas plunged 8.7% to 2.477, as the resource continues to swing wildly almost daily. Crude oil eased .3% to 98.46, while gasoline gained .7% to 2.8939.

 

Gold rose .4% to 1741.50, while silver skidded 1% to 33.20, copper dropped .9% to 3.794.

 

Currencies

The Dollar was mixed as US growth concerns weighed against European debt troubles. The Euro ticked down .4% to 1.3080, and the Swiss Franc shed .3% to 1.0864. The Pound and Australian Dollar both gained .3% to 1.5760 and 1.0617 respectively, and the Yen rose .2% to 76.22.

 

Economic Outlook

Tuesday’s sobering economic data reawakened doubts over the pace of the US economic recovery. The Case Shiller home price index fell by 3.7%, significantly worse than last month’s 3.4% drop. Chicago PMI dropped to 60.2 from 62.5. Consumer confidence slumped to 61.1 from 64.8, whereas analysts had expected an increase to 68.2.

 

Wednesday’s busy economic calendar will include the ADP employment report, the Challenger job-cut report, the ISM manufacturing index, construction spending, auto sales, and weekly oil inventories.

 

Earnings are due from Aetna, Amdocs, AOL, Electronic Arts, Hershey, Nasdaq OMX, Qualcomm and Whirlpool.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – Western Stocks Rally, Boosted by Positive Data

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets ended mixed after conflicting data from China failed to provide direction. The official PMI data pointed to an expansion in manufacturing, while HSBC PMI data indicated a mild contraction. The Shanghai Composites slumped 1.1%, the ASX 200 dropped .9%, and the Hang Seng dipped .3%. Amongst the gainers, the Nikkei inched up .1%, and the Kospi edged up .2%. Korean builders soared, as Samsung Engineering and Hyuandai Engineering both gained nearly 5%.

 

European markets rallied strongly, supported by upbeat economic news from Germany and the US. The DAX surged 2.4%, the CAC40 climbed 2.1%, and the FTSE jumped 1.9%. Banking shares rebounded 3.8% on news a Greek debt deal was imminent.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/02/feb-2-dax1-300x137.png

DAX Rallies 2.4% on Strong German Manufacturing Data

 

US stocks climbed as well. The Nasdaq outperformed, closing up 1.2%, followed by the S&P 500, which rose .9% to 1324. The Dow rose 84 points to 12716, ending its 4-day slide.

 

Amazon shares tumbled 7.7% after the company reported a sharp drop in revenue, and lowered its outlook. Whirlpool shares surged 13.5% after issuing a strong outlook, and Broadcom jumped 8.1% after beating analyst profit forecasts.

 

Treasuries and Commodities

Bonds snapped their 5-day winning streak, as signs of global growth reduced the appeal of treasuries. 10-year notes eased 9/32 to yield 1.83%, and 30-year notes fell 1 5.32 to yield 2.99%.

 

Oil inventories rose more than expected, pressuring the energy sector. Crude oil declined 1% to 97.47, natural gas tumbled 4.8%, and gasoline eased .2% to 2.8866.

 

In contrast, metals rallied, led by platinum’s 2.2% rally to 1623.30. Silver gained 1.5% to 33.775, copper rose 1%, and gold closed up .4% at 1747.20.

 

Currencies

The Dollar settled modestly lower against global currencies. The Euro rose .5% to 1.3156, recovering from an earlier drop down to 1.3028. The Australian Dollar settled up .7% to 1.0698, while the Pound and Swiss Franc advanced .4%. The Canadian Dollar broke through the parity level, gaining .3% to .9988, and the Yen inched up .1% to 76.22.

 

Economic Outlook

Wednesday’s ADP Employment report showed the economy gained 170K jobs last month, falling short of expectations of 189K, but still a very respectable figure. The official government non-farm payroll report will be released on Friday.

 

Construction spending rose by 1.5% last month, more than forecast, and auto sales unexpectedly jumped to an annualized rate of 14.2M, up from last month’s 13.6M reading.

 

Manufacturing PMI data from Germany rose to 52.1, significantly better than the 50.1 forecast.

 

Thursday’s data will include weekly unemployment claims, productivity & labor costs, and chain store sales.

 

Earnings are due from Beazer Homes, Boston Scientific, Cigna, Deutsche Bank, International Paper, Kellogg’s, Merck, Sony, Take Two and Unilever.

 

Binary Options Trading analysis written by Bradley Welcher