Binary Options Analysis

[BinaryOptionStrategy]

Global Stocks Slide on Mounting Economic Concerns

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets closed mostly lower on Wednesday, led by heavy losses in China. The Shanghai Composite tumbled 2.7% to 2285, a 2-month low as disappointing earnings weight on the index. The Hang Seng fell .8%, the Kospi slid .4%, and the Nikkei dropped .7% to 10183. Australia’s ASX 200 escaped the losses, rallying 1%, after the country’s central bank reported that the nation’s banking sector is in good shape.

 

European markets skidded, weighed down by weak economic data. The CAC40 and DAX slid 1.1%, and the FTSE dropped 1% to 5809. Data suggested that Spain is now in another recession, and the UK’s GDP shrank more than forecast.

 

US stocks opened sharply lower but recovered much of their losses throughout the day. The Dow shed 72 points to 13126, while the S&P 500 and Nasdaq both fell .5%. Caterpillar shares sank 3.5% to 104.26, pressured by a disappointing durable goods report.

 

Annie’s surged 89% in its first day of trading, climbing 16.92 to 35.92. The company trades under the symbol BNNY.

 

Treasuries and Commodities

The government auctioned $35 billion in 5-year notes, with a yield of 1.04%, the highest in 5-months. Demand was weaker than usual, with a bid-to-cover ratio of 2.85, below the 3.02 average.

 

10-year notes settled down 2/32 to yield 2.19%, and 30-year notes eased 1/32 to yield 3.30%.

 

Crude oil fell 1.7% to 105.49, after a government report showed a large jump in inventories. Natural gas eased .8% to 2.276, and gasoline edged down .1% to 3.4021.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/mar-29-oil-300x138.png

Crude Oil Drops on Inventory Jump

 

Signs of economic weakness sent copper down 2.1% to 3.8005. Silver slumped 1.7% to 32.05, and gold dropper 1.4% to 1661.30.

 

Agricultural futures sold off as well. Wheat fell 1.4%, corn skidded 1.7%, and coffee tumbled 2.9%.

 

Currencies

The currency markets traded mixed on Wednesday. The Pound fell .3% to 1.5894, the Australian Dollar declined .6% to 1.0393, and the Canadian Dollar slipped .3% to .9980. The Yen advanced .5% to 82.78, while the Euro and Swiss Franc closed flat.

 

Economic Outlook

Durable goods orders rose 2.2% last month, less than the 3% hoped for by analysts. Weekly mortgage applications rose while refinancing applications fell, a positive sign for the housing industry.

 

Thursday’s reports will include final GDP data for the 4th quarter, corporate profits, and weekly unemployment claims.

 

Earnings are due from Best Buy, Jos. A. Bank, Research in Motion and Texas Instruments.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Asian and European Stocks Skid, Energy Sinks

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets fell on Thursday as mounting fears of a global slowdown weight on investors’ nerves. The Nikkei slid .7% to 10115, the Kospi slumped .9%, and the ASX 200 eased .1%. The Shanghai Composite tumbled for a second day, skidding 1.4% to 2252, and the Hang Seng sank 1.3% to 20609.

 

Selling pressure intensified in Europe, as the DAX tanked 1.8% to 6875, the CAC40 fell 1.4%, and the FTSE dropped 1.2%. Financial shares fell nearly 3%, and Italy’s MIB index plunged 3.3%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/03/mar-30-dax-300x134.png

Germany's DAX Drops 1.8%

 

In contrast, US stocks continued to show their resilience, as the major indexes bounced back from a 1% slide to close mixed. The Dow rose 20 points to 13146, 113 points off its low for the day. The Nasdaq declined .3%, and the S&P 500 eased .2% to 1403.

 

Sprint jumped 5.3% after Deutsche Bank raised its outlook for the company.

 

Health care stocks rallied as the Supreme Court listens to hearings concerning the legality of Obamacare. Aetna surged 6.5%, and Coventry Health sprinted 5.9% higher.

 

On the earnings front, Best Buy tumbled 7%and Mosaic skidded 5.1% after both companies reported a drop in earnings.

 

Treasuries and Commodities

Bond prices rose, with 10-year notes up 11/32 to yield 2.16%, and 30-year notes up 22/32 to yield 3.27%.

 

Natural gas plunged 4.9% to 2.17, its lowest level in more than a decade, while crude oil dropped 2% to 103.29. Gasoline futures escaped the slide, edging up .3% to 3.405.

 

Silver led metals higher, climbing 1.4% to 32.375. Copper rose .5% to 3.8105, and gold inched up .1% to 1660.30.

 

Agricultural futures extended their recent losses. Wheat tanked 2.9%, coffee tumbled 3.1%, and corn dropped 2.6%.

 

Currencies

The currency markets traded mixed with no clear direction. The Yen advanced .5% to 82.44, the Pound rose .4% to 1.5952, and the Canadian Dollar edged up .2% to .9965. The Euro, Swiss Franc, and Australian Dollar all slipped .1%.

 

Economic Outlook

Weekly unemployment claims fell to 359K, a 4-week low, but fell short of analyst forecasts for 351K. GDP for the 4th quarter rose at 3%, as expected.

 

Friday’s reports will include personal income & spending, Chicago PMI, and consumer sentiment data from the University of Michigan.

 

Earnings are due from Motorola Solutions.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Report (March 26- March 30)

 

To read the Weekly fundamental analysis click here

 

Markets

 

Stocks closed mixed on Friday, but the DJIA and S&P logged their best quarterly gains in almost 14 years and the NASDAQ had its best quarterly performance since 1991.

 

The closed higher. This was its 6 month of gains.

 

The S&P 500 also finished higher. Hoever, the tech heavy NASDAQ fell in the final minutes. Thsi was its fourth-consecutive day of losses.

 

DJIA CHART

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/04/a-300x123.png

 

 

 

FOREX

 

The Euro ended the month of March unchanged against dollar unchanged. Stll a strong Q1 could set the road for gains in 2012. Yet the coming week of major event risk may prove critical for the Euro and US Dollar as the exchange rate trades near significant technical resistance and at a major crossroads.

 

Firstly, iinvestors will watch the rate decision due April 4by the EU. Also a potentially game-changing US Nonfarm Payrolls will wrap up what could be a pivotal week in price action. European officialsrecenlt too pressure off of the Euro as they agreed to support the firepower of their key bailout funds. It will be key to pay attention to ECB President Mario Draghi if he hints to further moetary actions this coming week.

 

 

 

EUR/USD Chart

 

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/04/b-300x123.png

 

 

 

 

COMMODITIES

 

Crude futures crawled higher Friday on ongoing concerns about Iran and supply disruptions, improved consumer sentiment and a weak dollar. Oil prices posted a 4.2 percent gain in Q1. Gold rose .12% to close at 1668.10 on Friday.

 

Oil Chart

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/04/c-300x123.png

 

 

 

EQUTIES

 

Apple closed below $600 a share even after BMO raised its price target on the iPad maker to $675 from $590. Still, shares climed almost 50 percent this quarter. Research In Motion finished higher after the struggling BlackBerry maker posted a loss. Th company said it was launching a review that could include a sale of the company. At least seven analysts slashed their price targets on the firm.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Fundamental Analysis and the Week Ahead March 26

 

To read the Weekly technical report click here

 

ECONOMIC NEWS

 

Consumer spending increased to its biggest gain in seven months. Consumer sentiment rose to its highest level in more than a year.

 

Business activity in the midwest fell slightly in February, but still indicated a slow expansion in the regional economy.

 

THE WEEK AHEAD

 

MONDAY: ISM mfg index, construction spending, Fed’s Bullard speaks, Fed’s Pianalto speaks

 

TUESDAY: Factory orders, FOMC minutes, Fed’s Williams speaks, auto sales, DC/Maryland/Wisconsin primaries

 

WEDNESDAY: Weekly mortgage apps, Challenger job-cut report, ADP employment report, ISM non-mfg index, oil inventories, Fed’s Williams speaks

 

THURSDAY: Jobless claims, Fed’s Bullard speaks, chain-store sales

 

FRIDAY: Good Friday–markets closed/banks open, non-farm payrolls, consumer credit

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Solid PMI Data from China and US Energizes Stocks

 

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To read the Weekly fundamental analysis click here

 

Binary Options Daily Analysis – Solid PMI Data from China and US Energizes Stocks

Equities

PMI data from China exceeded analyst forecasts, rising to an 11-month high of 53.1, lifting some Asian markets. The Nikkei rose .3% to 10110, led by car makers, and the Kospi climbed .8% to 2029. Moody’s raised its credit rating on South Korea’s sovereign debt, boosting financial stocks. The Hang Seng slipped .2% to 20522, and the ASX 200 eased .1%, while the Shanghai Composite was closed for a holiday which will extend through Wednesday.

 

European markets traded sharply higher, as the upbeat news from China, and solid US data lifted investor optimism. The FTSE rallied 1.9%, the DAX climbed 1.6%, and the CAC40 gained 1.1%. The gains came despite a disappointing manufacturing report from the euro zone, indicating the region is in the midst of another recession.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/04/apr-3-ftse-300x136.png

Afternoon Rally Boosts FTSE 1.9%

 

US stocks gained, with the Dow ticking up 52 points to 13264, the Nasdaq jumping .9% to 3120, and the S&P 500 climbing .7% to 1419.

 

Groupon shares tumbled 16.9% after cutting its revenue data for the 4th quarter, due to significant customer returns.

 

Treasuries and Commodities

Bond prices rose modestly, with 10-year notes up 6/32 to yield 2.19%, and 30-year notes up 3/32 to yield 3.33%. In the UK, bonds slipped, with 10-year notes dropping .20 and 30-year notes down .44.

 

Commodity prices spiked in response to the Chinese data. Crude oil gained 2.1% to 105.19, gasoline climbed 2.4% to 3.3859, and natural gas advanced 1.2% to 2.152.

 

Copper, which is heavily tied to industrial demand, jumped 2.4% to 3.918. Gold edged up .4% to 1678.50, and silver rallied 1.6% to 32.99.

 

Currencies

The Yen climbed 1% to 82.03 in a steady day-long rally, and the commodity currencies gained, with both the Australian Dollar and the Canadian Dollar up .8%. The Euro eased .1% to 1.3326, the Swiss Franc declined .2% to 1.1067, while the Pound edged up .1% to 1.6032.

 

Economic Outlook

Monday’s economic data was mixed. ISM manufacturing PMI rose to 53.4 from last month’s 52.4 reading, slightly above forecasts. However, construction spending unexpectedly fell 1.1%, extending last month’s decline.

 

Tuesday’s economic data will include auto sales, factory orders, and minutes from the Fed’s last meeting.

 

Earnings are expected from Comverse Technology and International Speedway.

 

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

FOMC Minutes Suggest No More Easing

 

To read the Weekly technical report click here

 

To read the Weekly fundamental analysis click here

 

Equities

Asian markets traded mostly higher, following Monday’s advance in Western shares. The Hang Seng climbed 1.3% to 20791, and the Kospi gained 1% to 2049. The ASX 200 edged up .2%, as the country’s central bank held rates steady. Lagging behind, the Nikkei slipped .6% to 10050, as the yen spiked to a 3-week high against the dollar, hurting exporters.

 

European stocks slumped, as concerns over Spanish debt weighed on investors. The CAC40 tanked 1.4%, the DAX sank .8%, and the FTSE fell .4%.

 

US stocks mostly recovered from their losses, but still ended down. The Dow dropped 65 points to 13200, the S&P 500 fell .4% to 1413, and the Nasdaq declined .2% to 3114. Following the release of the minutes from the FOMC’s last meeting, the indexes briefly tumbled 1%. The minutes indicated it is unlikely the Fed will authorize another round of easing, thanks to an improving economy.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/04/apr-4-dow-300x136.png

Dow Drops 65 Points but Well Off Lows

 

GM shares tumbled 4.6% after monthly sales fell short of estimates, despite posting an impressive 11.8% increase.

 

RIMM shares plunged 9.5% after revealing a plan to offer services to customers of other mobile networks, another indication the company’s Blackberry offering has lost relevance.

 

Treasuries and Commodities

Bonds slumped as hopes for another round of quantitative easing were dashed. 10-year notes fell 28/32 to yield 2.28%, and 30-year notes sank 1 18/32 to yield 3.41%.

 

Metals sank as well. Gold tumbled 2.1% to 1644, silver dropped 1.6% to 32.58, and copper fell .9% to 3.8845.

 

Energy traded mixed, as crude oil dropped.2% to 103.99, while natural gas climbed 1.1% to 2.176 and gasoline gained .4% to 3.3943.

 

Currencies

The Dollar rallied against global currencies. The Yen fell 1% to 82.90, erasing Monday’s gains, and the Australian Dollar fell .9% to 1.0318. The Pound, Euro, and Swiss Franc all dropped .8%. The Canadian Dollar largely escaped the downtrend, easing less than .1% to .9914.

 

Economic Outlook

US factory orders rose by 1.3%, slightly below forecasts for a 1.5% gain. Monthly auto sales also fell short of forecasts, as the annual rate declined to 14.4M from last month’s 15.1M reading.

 

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

 

Earnings are due from Acuity Brands, Bed Bath & Beyond, and Monsanto.

 

 

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Global EquitiesTumble on Spanish Debt Fears

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets tumbled on Wednesday, as hopes for another round of easing by the Fed faded. The Nikkei tanked 2.3% to 9820, its steepest drop in 5 months. The Kospi slumped 1.% to 2019, while the ASX 200 managed to ease just .1%, as a slide in the Australian Dollar helped exporters. In China, the Shanghai Composite and Hang Seng were closed for a holiday.

 

Selling pressure intensified in Europe following a weak Spanish bond auction. The DAX plunged 2.8%, the CAC40 tumbled 2.7%, and the FTSE skidded 2.3. Spain sold just 2.6 billion euros in short-term debt, an amount which was at the bottom of its target range, and yields on Spanish 10-year notes climbed to 5.61%.

 

US stocks fared modestly better, but still closed sharply lower. The Dow dropped 125 points to 13075, the S&P 500 fell 1% to 1399, and the Nasdaq shed 1.5% to 3068.

 

AIG shares jumped 5.3% after garnering an upgrade from Bernstein.

 

Sandisk plunged 11% after issuing a profiit warning due to weak demand and abundant supply in the market.

 

Treasuries and Commodities

A flight to safety lifted bonds, with 10-year notes up 21/32 to yield 2.22%, and 30-year notes up 1 16/32 to yield 3.36%.

 

Commodities sold off, particularly metals. Silver tumbled 6% to 31.26, copper dropped 3.2%, and gold tanked 2.1% to 1621. Crude oil fell 1.9% to 102.07, natural gas sank 2.5% to 2.133, and gasoline shed 1.6% to 3.3424. Crude oil inventories rose to 9M barrels, blowing past estimates of 2.1M barrels.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/04/apr-5-silver-300x137.png

Silver Drops 6% as Commodities Tank

 

Currencies

The US Dollar benefited from the shift away from risk, climbing .7% against the Euro, Swiss Franc, and Australian Dollar. The Yen climbed .5% to 82.42 as traders unwound carry trade positions. The Canadian Dollar declined .6% to .9966, while the Pound eased .2% to 1.5888.

 

Economic Outlook

The ADP payroll report indicated the economy added 209K jobs last month, slightly more than forecast, but a smaller gain than last month’s 230K jump. On Friday, the government will release the official non-farm payroll report, which is expected to show a gain of 211K jobs. ISM non-manufacturing PMI slid to 56.0 from 57.2, slightly below forecasts.

 

Thursday’s sole report will be weekly unemployment claims.

 

US and European markets will be closed on Friday for Good Friday.

 

Earnings are due from Carmax, Constellation Brands, and Pier 1 Imports.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

US Weekly Jobless Claims Continue to Drop

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

China’s Shanghai Composite returned from a 3-day holiday to rally 1.7%, while most Asian markets traded lower. The Hang Seng fell 1% , the Nikkei slid .5%, and the ASX 200 declined .3%. Sharp gains in car makers lifted the Kospi .5%, as Hyundai Motors rallied more than 4%.

 

European markets recovered from early losses after the weekly US jobless claims report showed modest progress. The FTSE gained .4%, the CAC40 rose .2%, while the DAX lagged behind, easing .1%.

 

US stocks closed mixed after a quiet session. The Dow slipped 15 points to 13060, the S&P 500 eased 1 point to 1398, while the Nasdaq gained .4% to 3081. The VIX rose 1.6% to 16.70, up 7.8% for the week.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/04/apr-6-dow-300x135.png

Volatile Week Ends on a Quiet Note

 

On the earnings front, beverage maker, Constellation Brands tumbled 12.5% after lowering its outlook, while Bed Bath & Beyond jumped 8.5% after beating earnings forecasts.

 

Treasuries and Commodities

Bonds continued their advance, with 10-year notes up 12/32 to yield 2.18%, and 30-year notes p 18/32 to yield 3.33%.

 

Crude oil recovered from Wednesday’s slide, climbing 1.7% to 103.17, while natural gas broke below the 2.10 mark to 2.097, down 2.1%.

 

Silver advanced 2.1% to 31.69, and gold bounced 1.1% to 1632.40. Copper settled flat at 3.79.

 

Currencies

European currencies retreated, as he Euro skidded .6% to 1.3067, while the Pound and Swiss Franc declined .4%. The Australian Dollar and Canadian Dollar both rose .3%, and the Yen inched up .1% to 82.36.

 

Economic Outlook

Weekly unemployment claims declined by 6000 to 357K, slightly weaker than the 355K forecast by analysts. Overseas, Canada’s payroll report showed the economy staged a sharp upswing last month, adding 82.3K jobs. The figure blew past forecasts for a modest 11.3K.

 

On Friday, the government will release its monthly payroll report, which is expected to show a gain of 211K. The unemployment rate is expected to remain flat at 8.3%. Also due are consumer credit and average hourly earnings.

 

The stock and bond markets will be closed fin the US and Europe for Good Friday. No major earnings reports are due.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Spanish Debt Fears Grow, as Yields Cross 6%

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

Equities

Asian markets skidded on Monday, following Friday’s slide in the West. The Nikkei tanked 1.7% to 9471, the Kospi dropped .8%, and the ASX 200 declined .5%. In greater China, the Hang Seng fell .4% and the Shanghai Composite eased .1%, ending a 4-day winning streak.

 

European markets rebounded from early losses thanks to strong US sales data. The DAX advanced .6%, CAC40 gained .5%, and the FTSE rose .3%. Yields on 10-year Spanish debt crossed above 6%, hitting their highest level this year, and the cost to insure Spanish debt spiked to a record high.

 

US stocks ended mixed, as the Dow climbed 72 points to 12921, while the Nasdaq slumped .8% to 2988, and the S&P 500 eased less than 1 point to 1370.

 

Apple shares fell 4.2% to 580.13, marking its 5th straight loss.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/04/apr-17-aapl-300x137.png

Apple Shares Drop for 5 Straight Days

 

Toy maker, Mattel Corp., tumbled 9.1% after earnings fell short of forecasts.

 

Treasuries and Commodities

US bonds closed flat, while German bonds rose, with 10-year notes up .17 to yield 1.72% and 30-year notes up .46 to yield 2.37%.

 

Natural gas moved back above the $2 mark, climbing 1.7% to 2.014, while gasoline sank 2.5% to 3.2641. Crude oil edged up .2% to 103.04.

 

Copper inched up .1% to 3.631 and silver edged up .3% to 31.49. Gold slipped .4% to 1653.20.

 

Agricultural futures sank, as cotton tumbled 4.3%, coffee slumped 2.5%, and wheat dropped 1.2%.

 

Currencies

The Euro briefly fell below the 1.30 mark but recovered to close up .3% to 1.3116. The Pound rose .2% to 1.5887, the Swiss Franc gained .3% to 1.0877, and the Yen climbed .6% to 80.46. The Australian Dollar dropped .4% to 1.0333, and the Canadian Dollar settled down fractionally at 1.0001.

 

Economic Outlook

Monday’s economic data was mixed. Retail sales blew past forecasts, rising .8% vs. forecasts for a .4% gain. On the negative side, the Empire State manufacturing index tumbled to 6.6 from 20.1, way below estimates. The NAHB housing market index unexpectedly fell to 25 from 28, the first drop in 7 months.

 

Tuesday’s economic data will include building permits, housing starts, and industrial production. The Bank of Canada will issue its rate decision, but is expected to keep rates at 1%.

 

Earnings are due from Coca-Cola, Comerica, Goldman Sachs, Intel, IBM, Johnson & Johnson, TD Ameritrade, and US Bankcorp.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Spanish Debt Fears Grow, as Yields Cross 6%

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets skidded on Monday, following Friday’s slide in the West. The Nikkei tanked 1.7% to 9471, the Kospi dropped .8%, and the ASX 200 declined .5%. In greater China, the Hang Seng fell .4% and the Shanghai Composite eased .1%, ending a 4-day winning streak.

 

European markets rebounded from early losses thanks to strong US sales data. The DAX advanced .6%, CAC40 gained .5%, and the FTSE rose .3%. Yields on 10-year Spanish debt crossed above 6%, hitting their highest level this year, and the cost to insure Spanish debt spiked to a record high.

 

US stocks ended mixed, as the Dow climbed 72 points to 12921, while the Nasdaq slumped .8% to 2988, and the S&P 500 eased less than 1 point to 1370.

 

Apple shares fell 4.2% to 580.13, marking its 5th straight loss.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/04/apr-17-aapl-300x137.png

Apple Shares Drop for 5 Straight Days

 

Toy maker, Mattel Corp., tumbled 9.1% after earnings fell short of forecasts.

 

Treasuries and Commodities

US bonds closed flat, while German bonds rose, with 10-year notes up .17 to yield 1.72% and 30-year notes up .46 to yield 2.37%.

 

Natural gas moved back above the $2 mark, climbing 1.7% to 2.014, while gasoline sank 2.5% to 3.2641. Crude oil edged up .2% to 103.04.

 

Copper inched up .1% to 3.631 and silver edged up .3% to 31.49. Gold slipped .4% to 1653.20.

 

Agricultural futures sank, as cotton tumbled 4.3%, coffee slumped 2.5%, and wheat dropped 1.2%.

 

Currencies

The Euro briefly fell below the 1.30 mark but recovered to close up .3% to 1.3116. The Pound rose .2% to 1.5887, the Swiss Franc gained .3% to 1.0877, and the Yen climbed .6% to 80.46. The Australian Dollar dropped .4% to 1.0333, and the Canadian Dollar settled down fractionally at 1.0001.

 

Economic Outlook

Monday’s economic data was mixed. Retail sales blew past forecasts, rising .8% vs. forecasts for a .4% gain. On the negative side, the Empire State manufacturing index tumbled to 6.6 from 20.1, way below estimates. The NAHB housing market index unexpectedly fell to 25 from 28, the first drop in 7 months.

 

Tuesday’s economic data will include building permits, housing starts, and industrial production. The Bank of Canada will issue its rate decision, but is expected to keep rates at 1%.

 

Earnings are due from Coca-Cola, Comerica, Goldman Sachs, Intel, IBM, Johnson & Johnson, TD Ameritrade, and US Bankcorp.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Binary Options Daily Analysis – European and US Stocks Soar

 

BinaryOptionStrategy.com

 

Equities

Asian markets continued to slide on Tuesday, as concerns over Spain’s debt burden escalated. The Nikkei eased .1% to 9465, the Kospi fell .4% and the ASX 200 declined .3%. China’s Shanghai Composite slumped .9%, and the Hang Seng slipped .2% as Chinese financial shares struggled.

 

European markets soared as a dose of good economic data and a successful Spanish debt auction triggered a buying spree. The DAX and CAC40 surged 2.7% and the DTSE climbed 1.8%. European banks led the gains, as the sector jumped 4.1%. Germany’s ZEW economic sentiment index climbed to its highest level since June 2010, blowing past analyst forecasts.

 

US stocks advanced as well, but the gains were slightly less impressive. The Nasdaq spiked 1.8% to 3043, the S&P 500 rallied 1.6% to 1391, and the Dow rocketed up 194 points to 13116.

 

 

Nasdaq Soars 1.8%

 

Apple shares jumped 5.1%, snapping a 5-day losing streak. Citigroup climbed 3.2% after earning an upgrade from Meredith Whitney.

 

Coca-Cola and Johnson & Johnson both gained after beating analyst profit forecasts. Goldman Sachs slipped .8% despite earnings which exceeded forecasts.

 

Treasuries and Commodities

Bond prices eased, with 10-year notes down 4/32 to yield 1.99%, and 30-year notes down 7/32 to yield 3.14%. German bonds dropped as confidence in the Euro zone improved, with 10-year notes down .31 and 30-year noes down 1.005.

 

Energy traded mixed, as crude oil rose 1.3% to 104.27, while natural gas tumbled 3% to 1.955, and gasoline skidded 1% to 3.2349.

 

Metals gained, led by silver which rose 1.1% to 31.715. Copper advanced .5% to 3.646, and gold edged up .1% to 1651.60.

 

Currencies

The Dollar traded mostly lower on Tuesday as money flowed back into risk. The Canadian Dollar jumped .9% to .9903, the Pound rose .2% to 1.5934, and the Australian Dollar gained .4% to 1.0394. The Euro and Swiss Franc closed flat, while the Yen declined .6% to 80.90.

 

Economic Outlook

Building permits rose to .75M, up from .72M last month hitting their highest level since September 2008, but housing starts unexpectedly dropped to .65M from last month’s .69M.

 

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

 

Earnings are due from Abbott Laboratories, American Express, Bank of NY Mellon, BlackRock, Ebay, Halliburton, Kinder Morgan, Qualcomm, St. Jude Medical, Vmware, and Yum Brands.

[BinaryOptionStrategy]

Stocks Drop as US Data Disappoints

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

On Thursday, Asian markets traded mixed following the strong gains in the prior session. The Nikkei declined .8% to 9588, the Kospi slipped .2% to 2000, and the Shanghai Composite eased .1% to 2379. The Hang Seng jumped 1%, lifted by China Life’s 3.9% advance, and the ASX 200 edged up .3% to 4363, its highest close in 8 months.

 

European markets closed lower, pressured by disappointing US data. The CAC40 tumbled 2.1%, the DAX fell .9%, and the FTSE closed down fractionally. Rumors of a potential credit rating cut for France hit the country’s stocks particularly hard.

 

US stocks dropped as well, with the Dow shedding 69 points to 12964, dropping below the 13000 mark. The Nasdaq fell .8% to 3008, and the S&P 500 declined .6% to 1377.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/04/apr-20-dow-300x119.png

Dow Falls 69 Points

 

Gilead Sciences surged 12% after reporting positive clinical trials for a hepatitis C drug.

 

Apple shares slumped 3.4% amid fears the company will be unable to meet its sales targets for the iPhone, largely due to supply issues.

 

Treasuries and Commodities

Bonds traded modestly higher, as both 10 and 30-year notes gained 4/32 to yield 1.96% and 3.12% respectively.

 

Natural gas tumbled 2.4% to 1.905, as a large jump in inventories sent price tumbling. Gasoline fell 1.4% to 3.158, and crude slipped .2% to 102.50.

 

Precious metals gained, with silver gaining .7%, and gold inching up .1% to 1651.60. Copper declined .1% to 3.626.

 

Currencies

The US Dollar traded mixed against global currencies as weekly jobless claims disappointed. The Euro and Swiss Franc edged up .1%, and the Pound rose .2% to 1.6054. The Canadian Dollar and Japanese Yen both fell .4%.

 

Economic Outlook

Weekly jobless claims clocked in at 386K, 18K worse than forecast. Existing home sales unexpectedly declined, dropping to 4.48M from last month’s 4.6M annualized rate. Continuing the trend of disappointment, the Philly Fed manufacturing index dropped to 8.5 from 12.5.

 

No major reports are due on Friday. Earnings are expected from GE, Honeywell, Kimberly-Clark, Manpower, McDonald’s and Schlumberger.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

US Stocks Trade Mixed Ahead of Apple’s Earnings Report

 

BinaryOptionStrategy.com

 

Equities

Asian markets traded mixed on Tuesday. The Nikkei dropped .8% to 9468, and the Kospi declined .5% to 19163, a 3 month low. Inflation data from Australia came in far below expectations, pushing down the Australian Dollar and lifting stocks. The ASX 200 rose .2% to 4360. China’s Shanghai Composite closed flat, while the Hang Seng edged up .3%, as the Bank of Beijing rallied nearly 4 on solid earnings.

 

European markets rallied, led by banks, which bounced 2% after Monday’s 3% slide. The CAC40 jumped 2.3%, the DAX climbed 1%, and the FTSE rose .8%.

 

US indexes closed mixed, as the Dow rose 74 points to 13002, the S&P 500 rose .4%, and the Nasdaq slipped .3%.

 

Apple shares dropped 2% to 560.28, ahead of its earnings report. After the close, the stock soared 7.8% to 603.81, following another set of impressive profit and revenue data.

 

 

Apple's Recent Slide due to Earnings Concerns

 

Radio Shack tumbled 10.6% after reporting a loss, dropping to its lowest level in more than 30-years.

 

Treasuries and Commodities

Bonds fell, with 10-year notes down 9/32 to yield 1.97%, and 30-year notes down 23/32 to yield 3.12%.

 

Crude oil rose .4% to 103.49, while natural gas dropped 1.4% to 1.98, and gasoline slid .9% to 3.159.

 

Metals gained, led by copper’s 1.3% advance to 3.6725. Gold rose .6% to 1641.60, and silver closed up .9% to 30.80.

 

Currencies

The currency markets traded in relatively narrow ranges on Tuesday, and the Dollar declined modestly. The Pound edged up .1% to 1.6138, the Euro gained .2% to 1.3189, and the Swiss Franc rose .3% to 1.0977. The Australian Dollar slipped .2% to 1.0299, largely recovering from an earlier drop down to 1.0249, while the Japanese Yen declined .2% to 81.31.

 

Economic Outlook

New home sales fell to 328K from 353K, dropping less than expected. Home price data was conflicted, as the FHFA home price index showed an increase of .3%, better than forecast, while the Case-Shiller home price index showed an annual drop of 3.5% in prices.

 

The Fed will issue its rate statement and hold a press conference on Wednesday. Also due are reports on durable goods and crude oil inventories.

 

Earnings are due from Boeing, Caterpillar, Eli Lilly, Delta, Credit Suisse, Citrix, Corning, General Dynamics, Sprint, Akamai, and Motorola Solutions.

[BinaryOptionStrategy]

Apple’s Blowout Earnings Lift US Stocks

 

BinaryOptionStrategy.com

 

Equities

Apple’s sterling earnings reports pushed up Asian markets at the open, but the indexes closed mixed. The Nikkei climbed 1% to 9561, and the Shanghai Composite gained .8% to 2507. On the losing side, the Hang Seng slipped .2% and the Kospi eased .1%.

 

Mainland European markets rallied on Wednesday, with the CAC40 up 2%, and the DAX up 1.8%, while the UK’s FTSE closed flat. Automakers rallied after Peugeot Citroen and Valeo reported solid profits, climbing 4.6%, and 8.7% respectively.

 

US stocks advanced, particularly tech shares, following Apple’s earnings report. The Nasdaq surged 2.3% to 3030, the S&PP 500 jumped 1.4%, and the Dow added 89 points to 13091.

 

Apple shares popped 8.9% to 610 after blowing past analyst estimates. 14 brokerages upgraded the stock.

 

Caterpillar shares slumped 4.6% despite issuing an upbeat outlook, due to a shortfall in revenue.

 

Treasuries and Commodities

Bonds closed slightly lower, with 10-year notes down 4/32 to yield 1.99%, and 30-year notes down 13/32 to yield 3.15%.

 

Natural gas surged 5.2% to 2.078, while crude oil rose .5% to 104.04. Gasoline futures trailed behind, slipping .2% to 3.1526.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/04/apr-26-nat-gas-300x138.png

Natural Gas spikes nearly 10% in 4 days

 

Copper gained .9% to 3.7055, while silver fell .5% to 30.58, and gold ended flat at 1644.

 

Currencies

The Dollar slipped on Wednesday as Fed chairman, Bernanke, reiterated his commitment to additional easing, if needed. The Pound, Swiss Franc, and Euro each rose .2%. The Australian Dollar gained .3% to 1.0353, and the Canadian Dollar rallied .4% to .9836, while the Yen closed little changed at 81.34.

 

Economic Outlook

Durable goods orders fell 4.2% , far more than forecast, while the less volatile core durable goods orders unexpectedly dropped 1.1%. The Fed raised its projection for economic growth to 2.4%-2.9% from January’s 2.2%-2.7% forecast.

 

Thursday’s reports will include weekly unemployment claims, the Chicago Fed’s national activity index, and pending home sales.

 

Earnings are due from Amazon, Bristol-Myers, Chrysler, ExxonMobil, Pepsi, Starbucks, and Zygna.

[BinaryOptionStrategy]

Stocks Gain on Strong Housing Data

 

BinaryOptionStrategy.com

 

Equities

Asian markets traded mostly higher on Thursday. The Kospi inched up .1% to 1964, despite a 6.2% drop in LG Electronics, and the ASX 200 gained .3% to 4375. The Hang Seng rallied .8% to 20810, while the Shanghai Composite eased .1%, and the Nikkei closed flat.

 

European markets closed mixed, as banks fell 2.3% following lackluster earnings from Deutsche Bank. The FTSE and DA advanced .5%, while the CAC40 declined .1%. Automakers extended their gains from the previous session, rising 2.7%, after Volkswagen reported strong earnings, pushing the stock up 7.8%.

 

US stocks rallied, as the Dow jumped 114 points to 13205, ad the Nasdaq and S&P 500 both climbed .7%.

 

 

Dow Tacks on 114 Points

 

H&R Block tumbled 10.7% to 14.95 after announcing it would close stores and layoff employees to cut costs.

 

Treasuries and Commodities

The Treasury auctioned $29 billion in 7-year notes with a high-yield f 1.347% and a bid-to-cover ratio of 2.83. Bonds closed higher, with 10-year notes up 10/32 to yield 1.95%, and 30-year notes up 16/32 to yield 3.12%.

 

Metals jumped, with silver gaining 2.4% to 31.095, and copper jumping 2.2% to 3.782. Gold advanced 1% to 1657.90.

 

Crude oil rose .4% to 104.55, and gasoline climbed .8% to 3.18, while natural gas fell 1.8% to 2.131.

 

Currencies

The Dollar declined against global currencies on Thursday. The Pound edged up .2% to 1.6195, while the Euro and Swiss Franc inched up .1%. The Yen spiked .5% to 80.95, and the Australian Dollar climbed .3% to 1.0396.

 

Economic Outlook

Weekly unemployment claims dropped by 1K to 388K, significantly worse than expectations for a drop to 374K. However, pending home sales surged by 4.1%, blowing past analyst forecasts for a 1.2% gain.

 

Friday’s reports will include GDP and consumer sentiment.

 

Earnings are due from Chevron, Coventry Health Care, KKR, Merck, Procter & Gamble, and Weyerhaeuser.

[BinaryOptionStrategy]

Binary Options Report (April 23- April 27)

 

To read the Weekly fundamental analysis click here

 

Markets

 

Stocks finished higher , with the Nasdaq showing its best weekly gain in almost three months. Despite a better-than-expected consumer sentiment report and a weak despite weak GDP report.

 

The Dow was up23.69 points, to close at13,228.31. The S&P 500 rose 3.38 points, to close at 1,403.36. The Nasdaq rose 18.59 points, to close at to 3,069.20.

 

DJIA CHART

 

 

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/04/a1-300x123.png

 

 

 

 

 

 

 

FOREX

 

The dollarpressured this past week. Yet, despite the USD favorable shift in tone and forecasts from the Fed along with the disappointing round of data along with a plethora of headlines that dominated the headlines throughweak, the buck was decisively bearish.As with before, could this be a technical correction? Instead, the dollar mustered the greatest level of momentum amongst all of its most liquid counterparts. The dollar is defying the standard fundamental lines and underlying market conditions. Could it gain again?

 

 

 

USD Chart

 

 

 

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/04/b1-300x123.png

 

 

 

 

 

 

 

 

COMMODITIES

 

Crude lost $1.05 to close at $103.50. While gold closed at 1642.70, up $1.90 an ounce.

 

GOLD Chart

 

 

 

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/04/c1-300x123.png

 

 

 

 

 

 

EQUTIES

 

Amazon surged sharply after they posted Q1 numbers that blew past estimates after-the-bell Thursday. Ford closed lower after the American automaker posted earnings that fell form last year, but still topped estimates.

 

Binary Options Trading analysis written by David Frank

[BinaryOptionStrategy]

Fundamental Analysis and the Week Ahead

 

To read the Weekly technical report click here

 

ECONOMIC NEWS

 

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

 

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

 

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

 

 

 

THE WEEK AHEAD

 

MONDAY: New home sales, Dallas Fed mfg survey

 

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

 

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

 

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

 

FRIDAY: Employment situation, Fed’s Plosser speak

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Stocks Rise Despite GDP Disappointment and Ratings Cuts

 

BinaryOptionStrategy.com

 

Equities

The Bank of Japan announced it would expand its current asset purchase program by another $124 billion, but the news had little lasting impact on the region’s markets. The Nikkei closed down .4% to 9521, surrendering a brief gain following the announcement. The Kospi rose .6%, boosted by Samsung Electronics 2.5% gain, after announcing a record $5.2 billion profit for the first quarter. The Shanghai Composite slipped .4% to 2396, and both the Hang Seng and ASX 200 declined .3%.

 

S&P cut its debt ratings on peripheral European countries by 2 notches, although the equity markets failed to notice. Spain’s IBEX jumped 1.7%, the CAC40 gained 1.1%, and the DAX rose .9%. Trailing behind, the FTSE posted a respectable .5% gain. Superb earnings by Swedish engineering firm, Sandvik, helped push stocks higher, as the stock rose 12.5%.

 

US stocks closed higher, despite disappointing GDP data. The Dow added 24 points to 13228, the Nasdaq climbed .6% to 3069, and the S&P 500 gained .2% to 1403. The Nasdaq rallied 2.3% this week, its biggest gain in 3 months.

 

Procter & Gamble lowered its guidance for the year, citing high commodity costs. The stock fell 3.6% to 64.44.

 

Expedia shares soared 23.5% to 40.31 after blowing past analyst forecasts, collecting at least 8 analyst upgrades on the way.

 

Treasuries and Commodities

Bonds closed little changed, with 10-year notes up 1/32 to yield 1.93%, while 30-year notes eased 3/32 toy yield 3.12%. Overseas, UK bonds struggled, as 10-year notes ticked down .26 to yield 2.12%, and 30-year notes fell .63 to yield 3.33%.

 

Energy gained, led by natural gas, which rallied 2.8% to 2.186. Gasoline gained .7% to 3.2062, and crude oil edged up .4% to 104.93.

 

Copper climbed 1.4% to 3.82, silver rose .5% to 31.347, and gold edged up .3% to 1664.80.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/04/apr-30-copper-300x135.png

Copper's Powerful Rally Over the Past Week

 

Currencies

The Dollar fell against all major currencies on Friday. The Yen and Australian Dollar both jumped an impressive .9%, to 80.29 and 1.0467, respectively. Meanwhile, the Swiss Franc, Euro, Canadian Dollar, and Pound moved up .5% in an unusually synchronized effort.

 

Economic Outlook

US GDP grew at an annualized 2.2% rate in the first quarter, slower than the 2.6% expected. On a brighter note, consumer sentiment climbed to 76.4, exceeding forecasts.

 

Monday’s reports will include personal income & spending, Chicago PMI, and the core PCE price index. GDP data is due from Canada, with expectations for a dismal .2% growth rate.

 

Earnings are scheduled for Anadarko Petroleum, Anheuser Busch, FMC, Humana, Loews, and Sohu.

[BinaryOptionStrategy]

European Shares Sink as Spain Slips into a Recession

 

To read the Weekly technical report click here

To read the Weekly fundamental analysis click here

 

Equities

Asian markets opened the week solidly, led by Hong Kong’s Hang Seng, which rallied 1.7% to 21094, a 6-week high. The ASX 200 climbed .8% to 4397, and the Kospi gained .3% to 1982. Markets in Japan and mainland China were closed for holidays.

 

GDP data from Spain showed the economy shrunk by .3% in the first quarter, indicating it had slipped into a recession. The news sent the IBEX down 1.9%, and pressured European stocks across the region. The CAC40 fell 1.6%, the FTSE dropped .7%, and the DAX slid .6%.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/05/may-1-cac40-300x138.png

France's CAC40 Drops 1.6%

 

US stocks snapped a 4-day winning streak, closing moderately lower. The Dow erased 15 points to 13214, the S&P 500 shed .4% to 1398, while the Nasdaq skipped .7% to 3046.

 

Microsoft announced it would invest $300 million in Barnes & Noble’s digital and college businesses, giving Microsoft a 17.6% stake. Barnes & Noble’s shares soared 52% on the news.

 

Sunoco surged 20.5% on news it would be bought by Energy Transfer Partners.

 

Treasuries and Commodities

Bonds gained, with 10-year notes up 7/32 to yield 1.91%, and 30-year notes up 13/32 to yield 3.10%.

 

Energy traded mixed. Natural gas spiked 4% to 2.273, extending its recent rally. Gasoline fell .8% to 3.1821, and crude oil slipped .3% to 104.57.

 

Silver sank 1.2% to 30.965, while gold closed flat at 1665, and copper edged up .3% to 3.8325.

 

Currencies

The Dollar traded mostly higher on Monday. The Euro eased .1% to 1.3232, and both the Pound and Swiss Franc declined .2%. The Australian Dollar sank .5% to 1.0415 ahead of the central bank’s rate decision, and the Canadian Dollar dropped .6%, following disappointing GDP data. The Japanese Yen rallied .6%, breaking through the 80 price barrier to 79.83.

 

Economic Outlook

Midwest business activity slowed last month according to the Chicago PMI report, which fell to 56.2 from 62.2. Personal income rose .4%, more than expected, while personal spending rose .3%, less than expected.

 

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

 

Earnings are expected from Archer Daniels Midland, ADP, Broadcom, CBS, Chesapeke Energy, Endo Pharmaceuticals, Kindred Healthcare, Motorola Mobility, Office Depot, Pfizer, and Valero.

 

Binary Options Trading analysis written by Bradley Welcher

[BinaryOptionStrategy]

Dow Closes at Highest Level Since December 2007

 

BinaryOptionStrategy.com

 

Equities

Australia’s central bank, the RBA, cut interest rates by 50 basis points, more than expected, pushing up the ASX 200 by .8%. In contrast, the Nikkei tumbled 1.8% to 9351, as the recent advance in the Yen weighed on exporters. Honda and Toyota both fell more than 3.4%, and Sharp plunged 9.3% after releasing a disappointing outlook. Markets in greater China were closed for holidays. Factory activity in China rose to a 13-month high, according to the April PMI report.

 

Most European markets were closed for May Day holidays, but in the UK, the FTSE rallied 1.3% on light volume. Lloyd’s spiked 8.3% after releasing upbeat earnings, with profit more than doubling during the first quarter.

 

The Dow climbed to a 4-year high, ticking up 66 points to 13279, as US stocks gained. The S&P 500 climbed .6% to 1406, and the Nasdaq edged up .1% to 3050.

 

Herbalife tumbled 15.1%, after famed short-seller David Einhorn questioned why the company had stopped providing information regarding its distributors.

 

Bank of America gained 2.5% after announcing plans to cut 400 jobs. Sears jumped 15.4% after issuing an outlook which was better than expected.

 

Treasuries and Commodities

Bonds fell, with 10-year notes down 8/32 to yield 1.94%, and 30-year notes down 22/32 to yield 3.15%.

 

Natural gas continued to rally feverishly, jumping 3.6% to 2.367. The energy commodity has bounced more than 20% off 10-year lows over the past 2 weeks. Crude oil advanced 1.1% to 106.04, and gasoline climbed .8% to 3.1006.

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/05/may-2-nat-gas-300x135.png

Natural Gas Bounces off 10-Year Lows

 

Gold and silver both declined fractionally, while copper inched up .2% to 3.84.

 

Currencies

The Australian Dollar slumped .9% to 1.0330, more than erasing the previous session’s gains, while most other currencies traded in narrow ranges. The Euro and Swiss Franc both eased less than .1%, and the Pound slipped .1% to 1.6217. The Yen declined .4% to 80.12, and the Canadian Dollar ticked up .1% to .9859.

 

Economic Outlook

Manufacturing activity increased to 54.8 from 53.4 according to the ISM’s PMI report. Construction spending rose less than expected, inching up .1% vs. forecasts for a .5% gain. Total auto sales were flat from last month at 14.4M, slightly below expectations.

 

Wednesday’s reports will include the ADP employment report, factory orders, weekly mortgage applications, weekly oil inventories, and the Challenger job-cut report.

 

Earnings are due from Clorox, Comcast, CVS, Dreamworks, Green Mountain Coffee Roasters, Mastercard, Visa, and Whole Foods.

[BinaryOptionStrategy]

Binary Options Report (April 30- May 4)

 

BinaryOptionStrategy.com

 

Markets

 

NFP Payrolls badly missed th marks and teh S&P500 and NASDAQ posted thier biggest losses of hte year. The Dow Jones Industrial Average fell 168.32, to close at 13,038.27. The S&P 500 lost 22.47, to close at 1,369.10. The Nasdaq dropped 2.25 percent, to close at 2,956.34.

 

DJIA CHART

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/05/a-300x123.png

 

 

 

 

 

FOREX

 

The NFP in April was disappointing, as they fell for the third straight month.The NFP reported that employers added 115,000 in April, down from March’s revised figure of 154,000. March’s figure had been revised upwards from its original print of 120,000. The forecas called for an increase of 160,000. Private payrolls rose by 130,000 in April, down from 166,000 in March, while manufacturing added 16,000 jobs as opposed to 41,000 jobs a month ago. Employment increased in professional and business services, retail trade and health care, but fell in transportation and warehousing.

 

Meanwhile, the unemployment rate fell slightly in April to its lowest level since January 2009, to 8.1 percent. This is down from 8.2 percent the previous month..

 

 

 

USD Chart

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/05/b-300x123.png

 

 

 

 

 

COMMODITIES

 

Crude was down nearly 4 percent at 98.49 per barrel. WTI has lost all of its gains for the year and is down fractionally for the year and down 6 percent on the week.

 

Brent crude, was down 2.5 percent at $113.18. It lost 5.6 percent for the week.

 

Oil Chart

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/05/c-300x123.png

 

 

 

EQUTIES

 

Apple dragged on the Nasdaq as it fell to $585 a share. The iPad maker has lost 6 percent for the week, and 12 percent from its all-time high of $644 a share. Kraft Foods posted results that above estimates. They reaffirmed its full-year growth targets and said it was going ahead with the 2-1 split into two companies later this year.

[BinaryOptionStrategy]

Fundamental Analysis and the Week Ahead

 

BinaryOptionStrategy.com

 

ECONOMIC NEWS

 

The news, for better or worse, was out of the US this week. The NFP rose much less than expected, adding just 115,000 jobs in April. This was well below expectations for 170,000 . The unemployment rate slipped to 8.1 percent. The lowest reading since January 2009.

 

THE WEEK AHEAD

 

MONDAY: Consumer credit

 

TUESDAY: NFIB small biz index, 3-yr note auction, McDonald’s April sales, Fed’s Fisher speaks

 

WEDNESDAY: Weekly mortgage apps, wholesale trade, oil inventories, 10-yr note auction, BofA shareholders mtg, Fed’s Kocherlakota speaks, Fed’s Pianalto speaks, Fed’s Plosser speaks

 

THURSDAY: International trade, jobless claims, import & export prices, 30-yr bond auction, Ford shareholders mtg, Fed Chairman Bernanke speaks, Fed’s Evans speaks, Fed’s Kocherlakota speaks

 

FRIDAY: Producer price index, consumer sentiment

[BinaryOptionStrategy]

Binary Options Report (May 7- May 11)

 

BinaryOptionStrategy.com

Markets

 

Euro zone issues caused t othe US Iindexes to close lower thiss week. The Dow Jones lost 34.44 points, to close at 12,820.60. The S&P 500 lost 0.34 percent, to close at 1,353.39. The Nasdaq rose 0.18 points to close at 2,933.82 points.

 

DJIA CHART

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/05/a1-300x178.png

 

 

 

 

 

FOREX

 

The dollar’s recent performance is impressive. The Dollar Index has risen 1.9 percent to its highest weekly close since the middle of December. Looking at currency’s performance in specific corners of the market, we find the EUR/USD is below 1.3000, AUD/USD is at its lowest level for the year and the Dollar has even been able to muscle gold to a correction of a bull run that goes back nearly three years. The euro is the most fundamentally loaded currency this coming week. Through the close of this past week, the currency won temporary stays on two of the most critical threats to regional stability: the Greek election turmoil and Spanish financial troubles. Both areas can quickly flare up. For Greece, the short-term concern is creating a new government and seeing if it backs the austerity measures or withdraws from EU and suffers a default. As for Spain, the relief in the Bankia nationalization has been muddied by the Economic Minister’s announcement that another €30 billion will be needed to be set aside for further losses of other Spanish banks.

 

EUR/USD Chart

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/05/b1-300x178.png

 

COMMODITIES

 

London brent crude for Junefell to $111.40, but did not go back above $113.18, needed to avoid a weekly loss.

 

Crude lost 0.95 to close at $96.13. This is now below the 200-day moving average of $96.27. Gold fell 0.8 percent to close at $1,5780.25. For the week, gold saw a 3.7 percent loss. Yhis is the Yellow metals worst performance since the week of Dec. 18 last year when it lost nearly 7 percent.

 

Oil Chart

 

http://www.binaryoptionstrategy.com/wp-content/uploads/2012/05/c1-300x178.png

 

 

 

 

 

EQUTIES

 

Arena soared after the drugmaker’s experimental obesity pill won an FDA panel’s support.

 

Meanwhile Facebook’s record IPO is already oversubscribed. Shares are expected to begin trading on May 18. Nordstrom lost after the department-store chain missed Wall Street expectations. And Nvidia surged after the chipmaker reported revenue and outlook which topped estimates.

[BinaryOptionStrategy]

Fundamental Analysis and the Week Ahead May 11

 

BinaryOptionStrategy.com

 

ECONOMIC NEWS

 

In the latest news from Greece, socialist party leader Evangelos Venizelos failed to form a coalition government after hosting last-minute talks. This news all but crushing earlier hopes that the debt-ridden nation would avoid another round of elections next month. According to the US Labor Department, producer prices posted a surprising drop in April as energy costs declined.

 

THE WEEK AHEAD

 

MONDAY:

 

TUESDAY: CPI, retail sales, Empire state mfg survey, Treasury international capital, business inventories, housing market index

 

WEDNESDAY: Weekly mortgage apps, housing starts, industrial production, oil inventories, FOMC minutes

 

THURSDAY: Jobless claims, Philadelphia Fed survey, e-commerce retail sales, leading indicators