Binary Options Analysis

[BinaryOptionStrategy]

Binary Options Daily Analysis – Global Stocks End Mixed, Crude Erases Thursday’s Gain

 

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Equities

Asian markets traded higher on Friday, amid signs the US economy is improving. The Nikkei climbed .7% to 9777, the Kospi rose .2%, and the ASX 200 gained .4%. The Shanghai Composite surged 1.4% after a government official said banks will increase lending to land developers, and the Hang Seng advanced .8% to 21562.

 

European markets closed mostly lower despite gains in financials on the heels of the latest liquidity injection by the ECB. The FTSE and CAC40 declined .3%, while the DAX edged up fractionally.

 

US stocks ended down, with the S&P 500 declining .3%, the Nasdaq down .4%, and the Dow down 3 points. Small-cap stocks were particularly under pressure, as the Russell 2000 sank 1.6% to its lowest level since the end of January.

 

Yelp shares (YELP) began trading under, soaring 64% on their opening day to 24.58, after pricing its shares at $15 a share.

 

Shutterfly shares spiked 16.5% after announcing plans to purchase Kodak’s online business.

 

Treasuries and Commodities

US bonds gained, with 10-year notes up 15/32 to yield 1.97%, and 30-year notes up 28/32 to yield 3.10%. German bonds posted even larger gains, as 10-year notes advanced .585, and 30-year notes rallied 1.27.

 

Crude oil slumped 2.14 to 106.70 and gasoline tanked 2.4% as Thursday’s rumors of a Saudi pipeline explosion dissipated. Natural gas rose .9% to 2.484.

 

 

Crude Oil Sinks 2% Following Thursday's Spike

 

Metals traded lower, led by silver’s large 3.2% drop to 34.525. Gold and copper both shed .7% to 1709.80 and 3.903 respectively.

 

Currencies

The Dollar posted significant gains against global currencies on Friday. The Euro and Swiss Franc both dropped .9% in a day-long slide. The Yen and Pound both sank .8%, and the Australian Dollar declined .7% to 1.0732. The Canadian Dollar fared better than its peers, easing .4% to .9891.

 

Economic Outlook

Monday’s reports will include factory orders and the ISM’s non-manufacturing index.

 

Earnings are due from Glencore and Verifone.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – Stocks and Metals Drop as China Cuts Growth Outlook

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets traded lower on Monday, as disappointing growth forecasts from China weighed on the region. China expects its GDP to grow by 7.5% in the coming year, its lowest level in 8 years. The Nikkei declined .8% to 9697, the Kospi fell .9%, and the ASX 200 eased .2%. In greater China, the Hang Seng slumped 1.4% to 21265, and the Shanghai Composite lost .6% to 2445.

 

Greece warned the country would trigger collective action clauses (CACs) if private debt holders do not accept the latest 53.5% haircut on their debt. The move would be considered a default by Greece, and could have significant impact on the credit markets. European markets slipped, as the DAX fell .8%, the FTSE dropped .6%, and the CAC40 declined .4%.

 

US stocks managed to erase most of their losses, but still closed down. The Dow ticked down 15 points to 12963, the Nasdaq sank .9% to 2950, and the S&P 500 dropped .4% to 1364.

 

Yelp shares tanked 14.6% to 20.99 in the stock’s second day of trading, following Friday’s 60% spike. Zygna dropped 4.9% after JP Morgan downgraded the stock from “overweight“ to “neutral”.

 

Treasuries and Commodities

Despite weakness in the equity markets, bonds traded lower as well. 10-year notes fell 8/32 to yield 2.00%, and 30-year notes dropped 26/32 to yield 3.15%.

 

Natural gas plunged 5% to 2.365, and are rapidly approaching the 10-year low of 2.322 hit in January, as warm weather and weak demand continue to pressure the commodity. Crude oil rose .3% to 107.01, while gasoline eased .2% to 3.2652.

 

 

Natural Gas Tumbles 5% as the Onslaught Continues

 

Silver sank 1.5% to 34.01 and copper fell 1% to 3.866 as China’s projected slowdown weighed on metals. Gold slipped .2% to 1706.90.

 

Currencies

The Dollar closed mixed in Monday’s currency trading. European currencies rose, as the Pound, Euro and Swiss Franc all gained .2%. The Australian Dollar dropped .6% to 1.0670, and the Canadian Dollar fell .5% to .9940. The Yen advanced .4% to 81.46.

 

Economic Outlook

The services sector grew more than expected, as the ISM non-manufacturing PMI rose to 57.3 from 56.8. Factory orders fell by 1%, but the drop was smaller than forecast.

 

No major economic reports are scheduled for Tuesday. Earnings are due from Dicks Sporting Goods, Pandora, and Stage Stores.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – Fear Hits Markets, Dow Drops More than 200 Points

 

To read the Weekly technical report click here

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Equities

Asian markets extended their losses as concern over a slowdown in China weighed on the region. The Hang Seng tumbled 2.2% to 20806, and the Shanghai Composite sank 1.4%, as auto-maker BYD plunged 9.9%. The Nikkei shed .6% to 9638, the Kospi dropped .8% to 2000, and the ASX 200 fell 1.4%, as materials stocks sold off.

 

European markets plunged, amid escalating fears of a Greek default. The CAC40 tanked 3.6%, the DAX sank 3.4%, and te FTSE lost 1.9% as broad selling gripped the market. Banking shares were particularly hard-hit, as the sector skidded 5.3%, while auto-makers dropped 4.9%.

 

The selloff continued in the US. The Dow lost 204 points, to 12759, recording its biggest drop in 2012. The S&P 500 fell 1.5%, and the Nasdaq declined 1.4%. Materials and banking shares ld the declines amid concerns over global growth and fallout risk from Greece.

 

 

Dow Falls 203 Points, its Largest Drop in 2012

 

Treasuries and Commodities

Bonds gained as investors flocked to the safety of treasuries. 10-year notes rose 18/32 to yield 1.95%, and 30-year notes rallied 1 8/32 to yield 3.08%.

 

Commodities fell nearly universally, with metals bearing the largest burden. Copper tumbled 3.1% to 3.935, silver shed 2.4% to 32.88, and gold dropped 1.8% to 1672.90.

 

Crude oil declined 1.8% to 104.84, gasoline slipped .7% to 3.2361, and natural gas eased .3% to 2.349.

 

Currencies

Traders dumped foreign currencies for US Dollars as the market shifted to “risk off” mode. The Australian Dollar lost 1.1% to 1.0552, pressured by losses in metals. Amongst European currencies, the Pound fell .9% to 1.5720, the Euro dropped .8% to 1.3114, and the Swiss Franc declined .7% to 1.0886. The Yen benefited from the shift in risk, gaining .8% to 80.86.

 

Economic Outlook

Wednesday’s reports will include the ADP employment report, the Challenger job-cut report, productivity & labor costs, consumer credit, weekly oil inventories, and weekly mortgage applications.

 

Earnings are scheduled for American Eagle Outfitters, Children’s Place, Ciena, H&R Block, Hovnanian, and Men’s Wearhouse.

 

Binary Options Trading analysis written by Bradley Welcher

[nazmul haque]

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[BinaryOptionStrategy]

Binary Options Daily Analysis – Fear Hits Markets, Dow Drops More than 200 Points

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets extended their losses as concern over a slowdown in China weighed on the region. The Hang Seng tumbled 2.2% to 20806, and the Shanghai Composite sank 1.4%, as auto-maker BYD plunged 9.9%. The Nikkei shed .6% to 9638, the Kospi dropped .8% to 2000, and the ASX 200 fell 1.4%, as materials stocks sold off.

 

European markets plunged, amid escalating fears of a Greek default. The CAC40 tanked 3.6%, the DAX sank 3.4%, and te FTSE lost 1.9% as broad selling gripped the market. Banking shares were particularly hard-hit, as the sector skidded 5.3%, while auto-makers dropped 4.9%.

 

The selloff continued in the US. The Dow lost 204 points, to 12759, recording its biggest drop in 2012. The S&P 500 fell 1.5%, and the Nasdaq declined 1.4%. Materials and banking shares ld the declines amid concerns over global growth and fallout risk from Greece.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/mar-6-dow-300x135.png

Dow Falls 203 Points, its Largest Drop in 2012

 

Treasuries and Commodities

Bonds gained as investors flocked to the safety of treasuries. 10-year notes rose 18/32 to yield 1.95%, and 30-year notes rallied 1 8/32 to yield 3.08%.

 

Commodities fell nearly universally, with metals bearing the largest burden. Copper tumbled 3.1% to 3.935, silver shed 2.4% to 32.88, and gold dropped 1.8% to 1672.90.

 

Crude oil declined 1.8% to 104.84, gasoline slipped .7% to 3.2361, and natural gas eased .3% to 2.349.

 

Currencies

Traders dumped foreign currencies for US Dollars as the market shifted to “risk off” mode. The Australian Dollar lost 1.1% to 1.0552, pressured by losses in metals. Amongst European currencies, the Pound fell .9% to 1.5720, the Euro dropped .8% to 1.3114, and the Swiss Franc declined .7% to 1.0886. The Yen benefited from the shift in risk, gaining .8% to 80.86.

 

Economic Outlook

Wednesday’s reports will include the ADP employment report, the Challenger job-cut report, productivity & labor costs, consumer credit, weekly oil inventories, and weekly mortgage applications.

 

Earnings are scheduled for American Eagle Outfitters, Children’s Place, Ciena, H&R Block, Hovnanian, and Men’s Wearhouse.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Report (March 5- March 9)

 

To read the Weekly fundamental analysis click here

 

Markets

 

US markest rose on better than expected job data. Still, a “credit event” from greece dampened sentiment.

 

The S&P 500 and Nasdaq saw their 4th consecutive week of gains.

 

The Dow Jones rose14.08 points, the S&p was up 4.96 points, or 0.36 percent an the Nasdaq rose 17.92 points.

 

DJIA CHART

 

 

 

 

 

 

FOREX

 

It appears the Greek drama has come to a conclusion, for now. Athens completed the PSI bond swap with over 95 percent participation from debt holders after invoking collective action clauses (CACs) built into paper governed by Greek law,. Greece has now met the the requirements needed to unlock funding through the €130 billion second EU/IMF bailout package.

 

This whole dealthis means relatively little. A Greek default has not amounted to a material threat for global financial markets for some. EU banks have enough cash on hand to prevent a Greek default from causing a market wide credit squeeze since the first 3-year ECB LTRO in December. But…. is there enough to cover more flair ups?

 

EURO/USD

 

 

 

 

 

COMMODITIES

 

Crude-oil futures ended higher Friday, notching a weekly gain as better-than-expected data on U.S. employment in February lifted prospects for oil demand.

 

Crude rose 82 cents, or 0.8%, to close at 107.40 That was crude’s third session of gains.

 

Gold shed 12.80 to close at 1708.80

 

Oil Chart

 

 

 

 

 

 

 

EQUTIES

 

Starbucks hit new record highs after the coffeehouse chain said it will introduce its own single serving coffee brewing system that will compete with Green Mountain’s popular Keurig machine. Meanwhile, S&P Capital IQ raised its rating on Starbucks to “buy” from “hold.” Texas Instruments fell after the chipmaker lowered its earnings and revenue targets for the Q1.

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Fundamental Analysis and the Week Ahead (March 5- March 9)

 

To read the Weekly technical report click here

 

ECONOMIC NEWS

 

The US trade deficit rose to $52.6 billion in January, the widest imbalance since October 2008. Imports are at an all time high. Exports were up a 1.4 percent to $180.8 billion.

 

Meanwhile, wholesale inventories grew 0.4 percent in January. And sales dropped 0.1 percent. Economists had forecast a 0.8 percent gain.

 

Employers added 227,000 jobs last month. The unemployment rate held steady at a three-year low of 8.3 percent. Economists had expected a gain of 210,000.

 

THE WEEK AHEAD

 

MONDAY: 3-yr note auction

 

TUESDAY: NFIB small business optimism index, retail sales, business inventories, 10-yr note auction, FOMC meeting announcement

 

WEDNESDAY: Weekly mortgage apps, current account, import & export prices, Ben Bernanke speaks, oil inventories, 30-yr bond auction

 

THURSDAY: Jobless claims, PPI, Empire state mfg survey, Philadelphia Fed survey, credit card default rates reported

 

FRIDAY: Quadruple witching, CPI, industrial production, consumer sentiment

 

 

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

US Jobs Data Beats Forecasts, Lifting Dollar and Stocks

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

The Nikkei surged 1.7% to 9930, after rising as high as 10008, as approval of a debt swap by Greece’s private debt holders helped relieve investor anxiety. Exporters led the gains as the yen fell to a 9-month low, with Sony and Mazda each up more than 4%. The Kospi climbed .9%, and the ASX 200 gained 1%. In China, weaker than expected inflation data lifted stocks, with the Shanghai Composite settling up .8%, and the Hang Seng up .9%.

 

European markets gained moderately, lifted in the afternoon by upbeat US jobs data. The DAX advanced .7%, the FTSE climbed .5%, and the CAC40 rose .3%.

 

US stocks edged up, but concerns over a Greek “credit event” limited gains. The Dow tacked on 14 points to 12922, the Nasdaq gained .6% to 2988, and the S&P 500 rose .4% to 1371. Small cap stocks outperformed, as the Russell 2000 jumped 1.3% to 817. Greece forced all bond holders to accept the debt haircut, triggering payments on credit default swaps, but the event was largely expected.

 

The US economy added 227K jobs, 17K more than expected, while the unemployment rate remained steady at 8.3%.

 

Starbucks shares hit a new record hih, climbing 2.9% to 51.84 after announcing a single serve coffee machine. Competitor, Green Mountain, tumbled 15.7% on the news.

 

Treasuries and Commodities

Bonds posted narrow losses despite the strong jobs data. 10-year notes eased 4/32 to yield 2.03%, and 30-year notes edged down 2/32 to yield 3.18%.

 

Energy and metals advanced on growing signs the US economy is in the midst of a solid recovery. Oil gained .8% to 107.40, natural gas jumped 2.3% to 2.324, and gasoline closed up .6% to 3.3324.

 

Copper surged 1.8% to 3.8585, silver climbed 1.1% to 34.212, and gold gained .8% to 1711.50.

 

Currencies

The Dollar powered higher against most global currencies. In Europe, the Swiss Franc sank 1.2% to 1.0886, the Euro slumped 1.1% to 1.3122, and the Pound fell 1% to 1.5676. The Yen dropped 1.1% to 82.45, while the Australian Dollar slipped .7% to 1.0575. Bucking the trend, the Canadian Dollar traded flat, settling at .9906.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/mar-12-euro-300x158.png

Euro Tumbles 1.1% in Afternoon Slide

 

Economic Outlook

The US trade deficit hit $52.6 billion last month, significantly larger than the $48.9 billion forecast. Wholesale inventories rose a mere .4%, below expectations.

 

On Monday, earnings are due from Magic Jack and Urban Outfitters. No major economic reports are scheduled.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Stocks Trade Mixed, Commodities Slide on Chinese Slowdown Fears

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets started the week on a down note, despite Friday’s upbeat jobs data from the US., as Chinese trade deficit data pointed to a slowdown in China. The Nikkei slid .4% to 9890, the Kospi skidded .8% to 2003, and the ASX 200 declined .4%. In China, the Shanghai Composite eased .2%, while the Hang Seng rose .2% to 21134, as China Mobile rallied 3.9% due to an upgrade by HSBC.

 

European markets managed slight gains with the CAC40 and FTSE edging up nearly .1% and the DAX rising .3%. Spain’s IBEX dropped 1.2% as investors dumped Spanish banks on debt concerns.

 

In the US, stocks closed mixed, while the VIX tumbled 8.6% to 15.64 indicating a sharp drop in investor anxiety. The Dow added 38 points to 12960, the S&P traded flat, and the Nasdaq slipped .2%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/mar-13-vix-300x136.png

VIX Drops more than 8%

 

Tranzyme Pharma tumbled 43% after reporting that a recent trial of its GI drug was a failure.

 

Disney shares rose .2% to 42.34 despite the weekend flop of its new film, John Carter, which pulled in a mere $30 million in its opening weekend. The film cost Disney more than $250 million to produce and market.

 

Treasuries and Commodities

Bonds settled little changed in calm trading with little news to move the market. 10-year notes ticked down 2/32 to yield 2.03%, and 30-year notes inched up 4/32 to yield 3.17%.

 

Crude oil dropped .9% to 106.48, and natural gas fell 2.4% to 2.269 in a broad slide for commodities.

 

Silver sank 2.3% to 33.413, and gold declined .7% to 1699.80. Copper shed .5% to 3.8375, snapping a 3-day winning streak.

 

Currencies

The Dollar traded mixed on Monday. The Euro and Swiss Franc both gained .2%, while the Pound fell .2% to 1.5638. The Australian Dollar dropped .6% to 1.0512 as metals fell. The Canadian Dollar declined .2% to .9930, while the Yen rose .2% to 82.30.

 

Economic Outlook

On Tuesday, retail sales data is due in the morning, and the Fed will issue its rate decision and a statement in the afternoon. The Fed’s recent commitment not to raise rates for 2 years minimizes the impact of the rate decision, but the statement could be significant.

 

No major earnings forecasts are scheduled.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Global Equities Rally on Solid Economic Data

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets advanced on Tuesday. The Kospi rallied 1.1% to 2025, the ASX climbed 1.2% to 4248, and the Hang Seng tacked on 1% to 21340. China’s Shanghai Composite rose .9%, as rumors of a fuel price hike lifted energy shares. Japan lagged behind, inching up just .1% to 9899, after the Bank of Japan opted to not introduce another round of easing at this point.

 

In Europe, shares rallied, as upbeat economic data from Germany and the US lifted investor confidence. The CAC40 surged 1.7%, the DAX jumped 1.4%, and the FTSE advanced 1.1%. Banking shares bounced 3.3% as financials led the gains.

 

The rally continued in the US, where the Dow blasted past the 13000 level, to 13178, up 218 points. The S&P 500 rallied 1.8%, and the Nasdaq soared 1.9% to 3040, its first close above 3000 since 2000. The VIX tumbled 5.4% to 14.80, its lowest level since 2007.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/mar-14-dow-300x136.png

Dow Rallies 218 Poins

 

The Fed left rates steady, and failed to announce any new economic policies, but acknowledged that the economy is improving.

 

In the afternoon, JPMorgan Chase boosted its dividend after passing the Fed’s latest round of stress tests, giving stocks an additional boost in the final hour of trading.

 

Midas shares leaped 27% o 11.44 on news the company will be taken private by TBC.

 

Treasuries and Commodities

Bonds tanked as upbeat sentiment weighed on fixed-income. 10-year notes dropped 26/32 to yield 2.13%, and 30-year notes tumbled 1 26/32 to yield 3.27%.

 

Energy traded higher, as natural gas rallied 2.6% to 2.327, gasoline gained 1.2% to 3.362, and oil rose .4% to 106.75.

 

Gold sank 1.6% to 1673.20, copper jumped 2% to 3.915, while silver closed flat at 33.42.

 

Currencies

The US Dollar settled mixed against global currencies, as investors digested the latest round of global economic data. The Swiss Franc and Yen both fell .7% to 1.0834 and 82.94 respectively, while the Euro dropped .5% to 1.3086. The Pound climbed .5% to 1.5710, the Australian Dollar rose .3% to 1.0550, and the Canadian Dollar gained .4% to .9883.

 

Economic Outlook

The German ZEW economic sentiment index hit a one-year high, spiking to 22.3 and blowing past analyst estimates of 10.6. In the US, retail sales rose .9% last month, slightly better than forecast, although the TIPP economic optimism index fell to 47.5 from 49.4.

 

The latest round of stress tests revealed that 4 out of 19 banks failed the tests, including Citigroup and Metlife.

 

Wednesday’s reports will include the current account deficit, import prices, and weekly crude oil invetories.

 

Earnings are expected from Affymax and Guess.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Bonds Tumble, Commodities Slide as Dollar Gains

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Most Asian markets rallied for a second day on Wednesday as the Fed’s stress test list indicated that most US banks are in healthy shape. The Nikkei advanced 1.5% to 10051, its highest close since July, the Kospi gained 1% to 2045, and the ASX 200 rose .9%. In contrast, the Shanghai Composite tumbled 2.6% after the government dismissed the possibility of an easing in property restrictions. Property shares fell 3.7% on the news. In Hong Kong, the Hang Seng closed down .2%.

 

European markets closed mixed as well. The DAX rallied 1.2%, the CAC40 added .4%, while the FTSE slipped .2%. Banking shares climbed as investors cheered the stress test news, with the sector gaining 1.5%.

 

Back in the US, stocks closed little changed after Wednesday’s spike. The Dow rose 16 points to 13195, the S&P 500 eased .1%, and the Nasdaq closed flat.

 

Citigroup shares slumped 3.4% after flunking the stress tests, while Bank of America rallied 4.1% and American Express advanced 3.5%. Goldman Sachs dropped 3.4% after Greg Smith, a former executive published a harsh critique of the firm in the New York times Op-ed section.

 

Treasuries and Commodities

Bonds continued to tumbled, with 10-year notes tanking 1 8/32 to yield 2.27%, and 30-year notes plummeting 2 15/32 to yield 3.40%.

 

Commodities sold off nearly universally, with metals bearing the brunt of the slide. Gold lost 3% to 1644.10, silver plunged 4.2% to 32.18, and copper fell 1.7% to 3.837.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/mar-15-gold-300x121.png

Gold Falls $50 as Commodities Tumble

 

Crude oil fell 1.1% to 105.58, natural gas skidded .7% to 2.282, and gasoline slipped .3% to 3.3463.

 

Currencies

The US Dollar rallied in the currency markets on Wednesday. The Australian Dollar dropped .8% to 1.0450, as the slide in metals weighed heavily on the commodity currency. The Euro shed .4% to 1.3030, the Swiss Franc skidded .7% to 1.0748, and the Pound eased .2% to 1.5677. The Yen continued to fall, sliding .7% to 83.6925.

 

Economic Outlook

Import prices rose .4%, less than expected, while the US current account deficit surged to $124 billion, a 3-year high.

 

Thursday’s busy calendar will include PPI, weekly unemployment claims, the Empires State manufacturing index, and the Philly Fed manufacturing index.

 

Earnings are due from retailer Cato Corp, and Scholastic.

 

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

US Stocks Climb on Solid Data, S&P Crosses 1400 Mark

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets traded mixed on Thursday. The Nikkei rose .7% to 10123 a 7-month high, as a drop in the yen lifted exporters, with Mazda up 6.1%, Honda up 3.5%, and Canon up 3.7%. Korea’s Kospi eased fractionally, and the ASX 200 declined .2% as miners weighed on the index. In greater China, the Shanghai Composite declined .7% to 2374, extending Wednesday’s sharp 2.6% drop, while the Hang Seng edged up .2%.

 

In Europe, stocks closed mostly higher, as the DAX climbed .9%, and the CAC40 advanced .4%. The FTSE trailed behind, slipping .1%.

 

US indexes advanced, with the S&P 500 crossing the 1400 mark for the first time since 2008. The Dow tacked on 59 points to 13253, the Nasdaq rose .5%, and the S&P 500 gained .6% to 1403.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/mar-16-sp500-300x134.png

Recent Stock Market Rally Pushes S&P 500 Above 1400

 

Bank shares continued to rally, with Bank of America up 4.5%, and Citigroup up 3%.

 

In the tech sector, AMD jumped 6.3% after garnering an upgrade from Jefferies, and Apple traded above $600 for the first time, before pulling back to settle down .7% at 585.56.

 

Treasuries and Commodities

Bonds fell once again, although the losses were more moderate than the previous 2 days. 10-year notes eased 3/32 to yield 2.28%, while 30-year notes dipped 8/32 to yield 3.41%.

 

Metals partially recovered from Wednesday’s slide. Silver climbed 1.7% to 32.726, gold gained 1% to 1659.50, and copper settled up 1.3% to 3.8975.

 

Energy declined, led by a 1.8% drop in gasoline to 3.2885. Crude oil slipped .3% to 105.11, and natural gas eased .2% to 2.279.

 

Currencies

Foreign currencies climbed against the US Dollar after yesterday’s rout. The Euro rose .4% to 1.3080, and the Pound gained .3% to 1.5714. The Swiss Franc and Australian Dollar both rallied .8%, and the Yen rose .2% to 83.55, reversing from an earlier drop down to 84.17.

 

Economic Outlook

Thursday’s economic reports were quite upbeat. Weekly unemployment claims dropped to 351K, 14K better than last week, and better than forecast. PPI rose .4%, less than expected, and both the Empire State manufacturing index, and the Philly Fed index exceeded analyst forecasts.

 

Friday’s reports will include CPI, industrial production, and consumer sentiment data from the University of Michigan. No major earnings announcements are scheduled.

 

 

Binary Options Trading analysis written by Bradley Welcher

[grandpost1]

so what is the strategy

[BinaryOptionStrategy]

Binary Options Report (March 12- March 16)

 

To read the Weekly fundamental analysis click here

 

Markets

 

US markets had an unimpressive session on Frdiay but the major indices posted the weekly gains since last December.

 

The Dow Jones lost 20.14 points to close at 13,232.62. This ended a a seven day winning streak. The S&P 500 rose1.57 points to close at 1,404.17. The Nasdaq lost 1.11 points to end at 3,055.26.

 

This week, the DJIA rose 2.40 percent, the S&P rose 2.43 percent, while the Nasdaq jumped 2.24 percent.

 

DJIA CHART

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/a2-300x123.png

 

 

 

 

 

FOREX

 

The dollar turned sharpply bearish through the final 48 hours of this past week. Has the bull run come to an end?

 

Through the past few weeks, we have seen dramatic changes in long standing correlations. the most dramtic being the Bucks standing as asafe haven currency. As of late the dollar has gone in the opposite direction form the market standard like the S&P 500 or carry trade.

 

The dollar could be turning bearish as a faulty equities rally that is ready to collapse or a systemic change in the buck’s function as a funding and liquidity currency or perhaps it was simply the reflection of lacking conviction behind the one thing that has synced all these markets up: risk appetite trends. Or perhaps all 3 have played a factor in this role.

 

US Dollar Index

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/b2-300x123.png

 

 

 

 

 

COMMODITIES

 

Oil rose almost 2% to close at 107.15. Gold closed at 1710.90 for the week.

 

Oil Chart

 

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/c2-300x178.png

 

 

 

 

 

 

EQUTIES

 

Research In Motion jumped nearly 7 percent amid rumors Samsung may be interested in a minority investment in the BlackBerry maker.

 

 

 

Homebuilders including DR Horton, Lennar and Pulte all declined after posting gains over the last few sessions.

 

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

 

Consumer sentiment fell in March to 74.3 from 75.3 in February.

 

The consumer price index increased 0.4 percent in February as gasoline prices jumped, and the core CPI was up 0.1 percent.

 

Industrial production was unchanged in February. This ending 3 months of increases. Capacity utilization, fell to 78.7 percent.

 

THE WEEK AHEAD

 

MONDAY: Fed’s Fisher speaks, Fed’s Dudley speaks, housing market index

 

TUESDAY: Housing starts, Bernanke speaks, Fed’s Kocherlakota speaks

 

WEDNESDAY: Weekly mortgage apps, existing home sale, oil inventories

 

THURSDAY: Jobless claims, FHFA home price index, leading indicators, Green Mountain Coffee shareholders mtg

 

FRIDAY: New home sales, Fed’s Lockhart speaks, Fed’s Bullard speaks

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Energy Rallies, Stocks Mixed on Disappointing US Data

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets traded mixed on Friday. The Nikkei managed to stretch its winning streak to 4, inching up .1% to 10130., and the Shanghai Composite climbed 1.3% to 2405 Amongst the losers, the Kospi slid .5% to 2034, the ASX 200 closed down fractionally, and the Hang Seng declined .2% to 21318.

 

In Europe, stocks gained, led by insurance companies, which advanced 2% after gaining concessions in the latest EU capital requirements. The FTSE and CAC40 climbed .4%, and the DAX rose .2%.

 

The major US indexes closed mixed in narrow trading. The Dow declined 20 points to 13234, ending a 7-day winning streak, the S&P 500 rose .1%, to 1404 and the Nadaq eased 1 point to 3055. The VIX dropped 6.2% to 14.47, and touched a 5-year low of 13.76 earlier in the day.

 

 

Research in Motion jumped 6.9% on rumors of a potential investment by Samsung in the company.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/mar-19-bac-300x135.png

Bank of America jumped 6.1% to 9.80, as the recent rally in the stock continued.

Treasuries and Commodities

US bonds settled mixed, with 10-year notes down 4/32 to yield 2.29%, while 30-year notes rose 5/32 to yield 3.41%. Overseas, German bonds skidded as anxiety over the sovereign debt crisis eased 10-year notes fell .73 to yield 2.05%, and 30-year notes sank 1.74 to yield 2.71%.

 

The energy sector rallied, as crude advanced 1.9% to 107.06, while gasoline and natural gas climbed 2.1%.

 

Metals traded moderately lower. Copper shed .5% to 3.878, gold fell .2% to 1655.80, and silver lost .4% to 32.604.

 

Currencies

The Dollar tanked on Friday, pressured by disappointing US economic data. The Australian Dollar surged 1.4% to 1.0594, while the Euro and Pound rallied 1.1% to 1.3176 and 1.5838 respectively. The Yen rose .2% to 83.45, and the Canadian Dollar settled flat at .9921.

 

Economic Outlook

Friday’s economic data was universally weak. CPI data was in line with estimates, rising at .4%, although Core CPI rose just .1%, less than expected. Consumer Sentiment unexpectedly declined last month, slipping to 74.3 from 75.3. Industrial Production was flat, significantly weaker than last month’s .4% growth.

 

Monday’s sole report will be the NAHB housing market index. Earnings are due from Adobe, InterOil, and Talbots.

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

US Stocks Gain, Apple Settles Above $600

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets traded mostly higher on Monday. In Japan, the Nikkei ticked up .1% to 10142, extending its winning streak to 5 days, and in Korea, the Kospi advanced .6% to 2047. Australia’s ASX 200 gained.3% as miners rallied, and the Shanghai Composite edged up .2%. The Hang Seng slumped 1% to 21115, as negative comments regarding Chinese banks weighed on the index.

 

In Europe, stock closed modestly lower. The CAC40 dropped .5%, while the FTSE and DAX declined less than .1%.

 

Meanwhile, US stocks gained, but ended off their highs. The Nasdaq rallied .8% to 3078, the S&P 500 climbed .4% to 1410, and the Dow rose 7 points to 13239.

 

Rumors of a secondary offering by Bank of America hit the company’s shares in the afternoon, which dropped 2.8 to 9.53.

 

Apple settled at 601.10, up 2.7% after announcing a $2.65 quarterly dividend, and a $10 billion stock buyback plan.

 

US Steel surged 6.4% after UBS upgraded the stock.

 

Treasuries and Commodities

Bonds sank, extending last week’s losses. 10-year notes fell 20/32 to yield 2.37%, and 30-year notes dropped 1 4/32 to yield 3.47%.

 

Crude oil rose .9% to 107.99, natural gas gained .8% to 2.345, and gasoline edged up .2% to 3.3647.

 

Silver climbed 1% to 32.915, gold rose .4% to 1663, and copper gained .7% to 3.9045.

 

Currencies

The Dollar dropped against foreign currencies as investors continued to shift capital into riskier investments. The Euro rose .5% to 1.3242, the Pound gained .4%, and the Swiss Franc rallied .6% to 1.0977. The Canadian Dollar advanced .5% to .9870, and the Yen rose .1% to 83.34.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/mar-20-euro-300x158.png

Euro's Bounce Continues

 

Economic Outlook

The NAHB houing market index came in flat at 28, but was below expectations. 28 is the highest level recorded since June 2007.

 

Tuesday’s reports will include housing starts and building permits.

 

Earnings are expected from Cintas, Jabil Circuit, Jefferies, Oracle, and Tiffany.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – Signs of China Slowdown Hit Stocks

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

 

Equities

Asian markets closed mostly lower as indications of a slowdown in China hurt the region. after mining giant, BHP Billiton, said it is seeing signs of “flattening” demand from China. China’s Shanghai Composite sank 1.4% and the Hang Seng slumped 1.1%, while the ASX 200 dropped .4%. Korea’s Kospi closed down .2%, as did the Nikkei.

 

The negative outlook for China smacked European stocks. the DAX fell 1.4%, the CAC40 dropped 1.3%, and the FTSE shed 1.2%. Auto makers tumbled 4% following a report that Chinese car sales would fall short of forecasts, and miners tanked 3.6%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/mar-21-european-auto-sector-300x140.png

European Auto Makers Tumble 4%

 

US stocks closed lower as well, but were well off their session lows. The Dow erased 69 points to settle at 13170, after dropping 110 points in the morning, the S&P 500 slipped .3% to 1406, and the Nasdaq eased .1% to 3074.

 

Amazon shares popped 3.7% to 192.33 after announcing the purchase of Kiva System’s, which develops robots for shipping centers.

 

Tiffany shares jumped 6.7% after raising its outlook for 2012, while Adobe skidded 3.9% after reporting a slowing in revenue growth.

 

Treasuries and Commodities

Bonds gained modestly as equities fell. 10-year notes rose 5/32 to yield 2.36%, and 30-year notes rose 18/32 to yield 3.45%, snapping their 5-day losing streak.

 

Commodities tanked across the board. In energy, crude oil slumped 2.3% to 106.07, natural gas shed .9% to 2.329, and gasoline ticked down .2% to 3.361.

 

Silver lost 2.4% to 32.16, gold declined 1% to 1651, and copper fell 1.8% to 3.839.

 

Currencies

The weak outlook for metals hit the Australian Dollar particularly hard, dropping 1.2% to 1.0475. The Euro eased .1% to 1.3223, the Pound declined .2% to 1.5858, and the Yen fell .4% to 83.71.

The Swiss Franc settled flat, and the Canadian Dollar fell .5% to .9918.

 

Economic Outlook

Building permits climbed to .72M, a 3-year high, while housing starts slipped to .70M, dropping 1.1% from last month.

 

Wednesday’s reports will include existing home sales, weekly mortgage applications, and weekly oil inventories.

 

Earnings are scheduled for Discover Financial, General Mills, and Herman Miller.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – Existing Home Sales Data Disappoints

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Concerns over a possible slowdown in China hit Asian stocks for a second day., particularly resource stocks The Nikkei fell .6% to 10086, as exporters fell heavily. Sony shares tumbled 4.5%. The Kospi dropped .7%, the ASX 200 declined .5%, and the Hang Seng eased .2% to 20857. Ironically, China’s Shanghai Composite bucked the trend, inching up .1% to 2378.

 

In Europe, the major indexes closed mixed after trading in a narrow range all day. The DAX gained .2%, the CAC40 fell .1% and the FTSE closed flat. Food retailer, J Sainsbury rallied 4.5% after beating analyst forecasts.

 

US stocks closed mostly lower as disappointing home sales data weighed on sentiment. The Dow slid 46 points to 13124, the S&P 500 slipped .2%, and the Nasdaq rose fractionally.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/mar-22-dow-300x133.png

Dow Drops 46 Points

 

Oracle shares fell 2.3%, surrendering early gains, despite reporting earnings which beat estimates.

 

Green Mountain Coffee Roasters surged 10% after announcing it would expand an existing deal with Starbucks to distribute Starbuck’s brand coffee with its brewing machines.

 

Treasuries and Commodities

Bonds climbed for a second session. 10-year notes rose 18/32 to yield 2.30%, and 30-year notes rallied 1 3/32 to yield 3.38%.

 

Crude oil rose .7% to 106.85, boosted by a report which showed an unexpected drop in inventories. Natural gas rose .4% to 2.345, while gasoline dropped .3% to 3.3535.

 

Metals closed higher, led by silver, which advanced 1.1% to 32.17. Gold and copper both gained .2% to 1649.80 and 3.8385, respectively.

 

Currencies

After rising and falling throughout the day, the currency markets closed near their opening prices. The Euro, Swiss Franc, and Canadian Dollar settled down .1%, while the Pound rose .1%. The Australian Dollar slipped .3% to 1.0450, and the Yen gained .3% to 83.41.

 

Economic Outlook

Existing home sales dropped .9%, more than expected, to an annualized rate of 4.59M, down from last month’s 4.63M, and the supply of houses rose. Weekly mortgage applications declined, added to concerns over the housing markets recovery.

 

Thursday’s reports will include weekly unemployment claims, the OFHEO home price index, and leading indicators. Earnings are due from Accenture, ConAgra, Dollar General, Fedex, Gamestop, and Nike.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Weak PMI Data from China and Europe Weighs on Stocks and Commodities

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

PMI data from China showed industrial activity slowed for a fifth straight month, reinforcing concerns of a slowdown in the region. Nonetheless, consumer stocks gained after the Ministry of Commerce in China said consumption is likely load growth in China. The Shanghai Composite eased .1%, and the Hang Seng rose .2% to 20902. The Nikkei rose .4% to 10127, the ASX 200 advanced .5%, and the Kospi closed down fractionally.

 

European markets skidded, as negative news from China and and the Euro zone unsettled investors. The CAC40 tanked 1.6%, the DAX sank 1.3%, and the FTSE shed .8%. PMI data from Germany and France, a showed an unexpected drop in manufacturing, stoking fears of another recession. Materials stocks tumbled, dropping 3.4%.

 

US stocks closed lower, but fared better than their European counterparts. The Dow lost 78 points to 13046, the S&P 500 dropped .7%, and the Nasdaq fell .4%.

 

Fedex dropped 4.5% after the company lowered its outlook for the year, due to the weak economy.

 

Western Digital jumped 6.6% after Needham upgraded the company to “strong buy”.

 

Treasuries and Commodities

Bonds extended their gains, with 10-year notes up5/32 to yield 2.28%, and 30-year notes up 14/32 to yield 3.36%.

 

Weak global PMI data sent commodities lower. Oil dropped 1.6% to 105.53, natural gas plummeted 4.2% to 2.261, and gasoline eased .3% to 3.3473.

 

Copper shed 1.9% to 3.7725, silver fell 2% to 31.58, and gold ticked down .3% to 1645.30.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/mar-23-copper-300x138.png

Copper Drops 1.9% on Industrial Slowdown

 

Agricultural futures fared better, as sugar rallied 2.3% and wheat climbed 1.6%.

 

Currencies

The Yen surged 1% to 82.57 as growth currencies triggered a flight to safety. The Australian Dollar fell .6%, to 1.0396 and the Canadian Dollar slumped .7% to .9992 as the two commodity currencies dropped. The Euro and Swiss Franc both eased .1%, and the Pound declined .3% to 1.5820.

 

Economic Outlook

Despite the weakness overseas, the US economy continues to show signs of a modest recovery. Weekly jobless claims fell to 348K, 5K better than last week, and leading indicators rose .7%, better than forecast.

 

Friday’s sole report will be new home sales, which are expected to rise to 326K from 321K.

 

Earnings are due from Darden Restaurants, and KB Home.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Report (March 19- March 23)

 

To read the Weekly fundamental analysis click here

 

Markets

 

Stocks closed higher Friday, but the Dow and S&P posted their worst weekly loss for the year. This comes as investors are afraid over a slowdown fears in China and weak economic news from the EU.

 

The Dow was up 34.59 points to close at 13,080.7. The S&P 500 rose 4.33 points, close at 1,397.11. The Nasdaq rose 4.60 points to close at 3,067.92.

 

DJIA CHART

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/a3-300x123.png

 

 

 

 

 

FOREX

 

The US Dollarlooked as though it would break above key 8 month highs and end its downtrend. However, a significant turnaround leaves the dolalr open for even more losses into the final week of March trading. .

 

The past week looked as though we would see losses in the S&P 500 and US Dollar gain. Hoever, the opposite happened. Up coming economic event risk remains limited in the week ahead. Still, any surprises in final revisions to Q4, 2011 US GDP or Federal Reserve commentary could cause some major moves.

 

US Dollar Index

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/b3-300x123.png

 

 

 

COMMODITIES

 

US crude oil futures rose more than 1 percent on Friday. This comes as some buyers have either ceased or scaled back imports of Iranian oil due to Western sanctions. Gold lost 3.30 points to end at 1655.80 on Friday.

 

Oil Chart

 

 

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/c3-300x123.png

 

 

 

EQUTIES

 

KB Home lost after the homebuilder posted an unexpected decline in orders, hurt by rising cancellations in the Q1. Rivals Pulteand Toll Brothers also fell.

 

Micron Technology fell after the chipmaker posted a quarterly loss. they said low prices for its products has yet to recover. Rivals SanDisk and Texas Instruments also dipped.

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Fundamental Analysis and the Week Ahead March 24th

 

To read the Weekly technical report click here

 

ECONOMIC NEWS

 

New home sales posted an unexpected loss of 1.6 percent to a seasonally adjusted 313,000-unit annual rate in February. Economists had expected sales at a 325,000-unit rate.

 

THE WEEK AHEAD

 

MONDAY: Fed’s Plosser speaks, Bernanke speaks, Chicago Fed national activity, pending home sales index, Dallas Fed mfg survey

 

TUESDAY: S&P Case-Shiller home price index, consumer confidence, 2-yr note auction, Fed’s Rosengren speaks

 

WEDNESDAY: Weekly mortgage apps, durable goods orders, oil inventories, 5-yr note auction, Fed’s Bullard speaks

 

THURSDAY: GDP, jobless claims, corporate profits, Fed’s Plosser speaks, 7-yr note auction, farm prices, Fed’s Lacker speaks

 

FRIDAY: Personal income & outlays, Chicago PMI, consumer sentiment

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Binary Options Daily Analysis – Commodities Rally on Upbeat Copper Outlook

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets closed mostly lower on Friday, following Thursday’s disappointing round of economic news. The Nikkei ,Shanghai Composite and Hang Seng all dropped 1.1% in an unusual parallel drop. Escaping the selling pressure, the ASX 200 eased a mere .1%, and the Kospi closed fractionally higher.

 

European markets traded modestly higher, as the DAX and FTSE edged up .2%, while the CAC40 rose .1%. An upbeat earnings report from Chile’s Codelco, the world’s top copper producer helped lift resource stocks in the afternoon.

 

US stocks posted similar gains, as the Dow ticked up 35 points to 13081, the S&P 500 advanced .3%, and the Nasdaq inched up .2%. The VIX fell 4.8% to 14.82 as the Dow snapped a 3-day losing steak.

 

KB Home plunged 8.5% after reporting an unexpected drop in orders. Nike shares dropped 3.2% despite upbeat earnings news.

 

The BATS exchange launched its IPO on Friday, but the company’s own computer system failed, causing wild fluctuations in the stock. The company said it will cancel its IPO, and all trades will be canceled.

 

Treasuries and Commodities

Bond prices continued to climb, with 10-year notes up 13/32 to yield 2.23%, and 30-year notes up 1 full point to yield 3.21%. German bonds posted smaller gains, with 10-year notes up .41 and 30-year notes up .835.

 

Commodities traded higher in a broad resource rally. Crude oil and gasoline both advanced 1.4% to 106.87 and 3.3852, while natural gas posted a smaller .3% gain to 2.275.

 

Silver led the gain in metals, climbing 3% to 32.372. Copper gained 1.1% to 3.8085, and gold advanced 1.2% to 1662.40.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/mar-26-copper-300x137.png

Copper Rallies 1.1% on Upbeat Outlook from Top Producer

 

Currencies

The Dollar traded lower as a rise in commodities pushed down the greenback. The Australian Dollar bounced .7% to 1.0472, the Euro climbed .5% to 1.3271, and the Swiss Franc pushed up .6% to 1.1001. The Pound and Yen both rose .3%, and the Canadian Dollar edged up .1% to .9984.

 

Economic Outlook

New home sales unexpectedly fell to 313K, the lowest reading since October. f Analysts had expected the figure to rise to 326K from last moth’s 318K reading.

 

Monday’s economic reports will include pending home sales, the Dallas Fed manufacturing survey, and the Chicago Fed’s national activity index. Fed Chairman Bernanke will be speaking about the labor market at an economic conference in Arlington.

 

Earnings are due from Apollo Group.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Bernanke’s Comments Trigger Stock Market Rally

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets traded mixed on Monday following Friday’s disappointing home sales data from Wall Street,. The Nikkei rose .1% to 10018, the ASX 200 slipped .2%, and the Kospi dropped .4%. In China, the Shanghai Composite rose fractionally, and the Hang Seng settled flat.

 

European markets rallied in the afternoon as comments by Fed Chairman, Bernanke, suggested further economic easing was likely. Bernanke said the economy must grow quicker to produce more jobs, and suggested that process could be aided by government policies.

 

The DAX climbed 1.2%, the FTSE advanced .8%, and the CAC40 gained .7%. Germany’s IFO business activity report rose unexpectedly, contributing to the gains.

 

US stocks posted large gains, encouraged by the Bernanke’s remarks. The Nasdaq surged 1.8%, the S&P 500 climbed 1.4%, and the Dow advanced 161 points to 13242.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/mar-27-nasdaq-300x136.png

Nasdaq Spikes 1.8%

 

Lions Gate Entertainment jumped 4.5% after the new movie, “The Hunger Games”, netted $214 million in its opening weekend.

 

Treasuries and Commodities

Bond prices dropped, despite the possibility of a third round of quantitative easing by the Fed. 10-year nites eased 5/32 to yield 2.25%, and 30-year notes slipped 22/32 to yield 3.34%. German bonds tumbled, with 10-year notes down .785 and 30-year notes down 1.76.

 

Commodities spiked, especially metals. Copper advanced 2.4% to 3.896, gold gained 1.7% to 1691.10, and silver rallied 1.8% to 32.86.

 

Crude oil inched up .25 to 107.12, and gasoline rose .8% to 3.4136, while natural gas slumped 2.6% to 2.215, a 10-year low.

 

Currencies

The Dollar tanked in the currency markets. The Australian Dollar led the gains, rising 1.3% to 1.0536. In Europe, the Euro gained 1.2% to 1.3356, the Swiss Franc rose 1.1% to 1.1074, and the Pound advanced .9% to 1.5968. The Yen bucked the trend, slipping .3% to 82.88.

 

Economic Outlook

Continuing Friday’s dreary housing news, pending home sales unexpectedly fell .5%. Analysts had forecast a gain of 1% after last month’s 2% jump.

 

Tuesday’s economic data will include consumer confidence, the Case-Shiller home price index, and the Richmond manufacturing index.

 

Earnings are due from Lennar, Robbins & Myers, and Walgreen’s.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Asia Spikes, West Consolidates, after Monday’s Rally

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets jumped in response to Monday’s Wall Street rally, inspired by Bernanke’s suggestion of another round of government stimulus. The Nikkei surged 2.4% to 10255 its highest close in more than a year. The Hang Seng rallied 1.8% to 21047, the ASX 200 climbed .9%, and the Kospi advanced 1% to 2040. The Shanghai Composite bucked the trend, easing .2% to 2347.

 

In Europe, markets declined, surrendering some of Tuesday’s gains after US consumer confidence data came in below forecasts. The CAC40 slumped .9%, the FTSE slid .6%, while the DAX closed flat. The Royal bank of Scotland advanced 3.3% on rumors of a possible investment by Abu Dhabi’s ruling family.

 

US stocks closed lower after hovering near break even for most of the session. The Dow declined 44 points to 13198, the S&P 500 lost .3% to 1413, and the Nasdaq settled down .1% at 3120.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/mar-28-dow-300x117.png

Dow Slips 44 Points

 

Bank of America skidded 3.3% after Baird downgraded the stock.

 

Lennar shares surged 4.7% after reporting a sharp jump in home orders.

 

Treasuries and Commodities

Bonds gained, with 10-year notes up 16/32 to yield 2.19%, and 30-year notes up 22/32 to yield 3.30%.

 

Commodities traded mostly lower after yesterday’s rally. In energy, gasoline slipped .4% to 3.4041, natural gas slumped .8% to 2.208, while crude oil edged up .2% to 107.29.

 

Silver ticked down .3% to 32.665, copper close down .2% to 3.8815, while gold traded flat at 1686.

 

Volatility was high in the agricultural sector as wheat tumbled 3%, while coffee spiked 4.8%.

 

Currencies

The Dollar traded modestly higher on Tuesday, as currency markets traded in a narrow range. The Australian Dollar shed .5% to 1.0482, the Canadian Dollar lost .3% to .9944, and the Pound traded flat. The Euro and Swiss Franc both declined .2%, and the Yen dropped .3% to 83.10.

 

Economic Outlook

The Case Shiller home price index showed prices remained flat in January,. Consumer confidence fell to 70.2 from 71.6 last month, slightly below expectations.

 

Wednesday’s reports will include durable goods, weekly mortgage applications, and weekly oil inventories.

 

Earnings are due from Family Dollar, Mosaic, and Paychex.

 

Binary Options Trading analysis written by Bradley Welcher