BinaryOptionStrategy Analysis - page 12
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Binary Options Analysis – Stocks Rally, ECB Cuts Interest Rates
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets dropped on Thursday, despite Wednesday’s rally in Western markets. Korea’s Kospi sank 1.5%, weighed down by LG Electronics, which tumbled 14%. Australia’s ASX 200 slipped .3%, and the Hang Seng lost 2.5%, as heavyweight HSBC dropped nearly 3%. The Shanghai Composite inched up .2%, bucking the trend, and Japanese markets were closed for a holiday.
European shares rallied, amid hopesGreecewould abandon a plan for a referendum on last week’s bailout package. The CAC40 rallied 2.7%, the DAX jumped 2.7%, and the FTSE rose 1.1%. The ECB unexpectedly cut interest rates by .25%.
European leaders pledged thatGreecewould not receive any additional aid if it did not approve last week’s bailout package.
US markets followed Europe higher. The Dow rallied 208 points to 12044, the Nasdaq climbed 2.2%, and the S&P 500 advanced 1.9%.
Dow Rallies more than 200 Points
Qualcomm shares soared 7.5% after beating analyst forecasts and raising its outlook. In contrast, Kellogg shares sank 7.6% after issuing a weak outlook.
Treasuries and Commodities
Bonds fell amid renewed hopes for a European debt deal. 10-year notes dropped 25/32 to yield 2.07%, and 30-year notes lost 2 9/32 to yield 3.12%.
Crude oil led energy higher, gaining 1.78 to 94.29. Natural gas rose 1.5% to 3.804, and gasoline ticked up .6% to 2.644.
Gold jumped 36.10 to 1765.70, silver rose 1.6% to 34.345, and copper edged up .2% to 3.5895.
Wheat and soybeans both posted gains of 2%.
Currencies
The Dollar remained under pressure despite the ECB’s rate cut. The Euro rose .7% to 1.3813, recovering from an earlier drop down to 1.3658. The Australian Dollar rallied 1% to 1.0406, and the Canadian Dollar jumped .8% to 1.0075, as investors flocked to risk. The Pound and Swiss Franc both rose .7%, and the Yen inched up .1% to 78.05.
Economic Outlook
Weekly jobless claims dropped to 397K, 9000 less than last week, and better than forecast. Worker productivity jumped to 3.1%, more than expected, and factory orders unexpectedly rose by .3%.
Friday will feature the monthly non-farm payroll report. Analysts have forecast a gain of 97K jobs.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Report (Oct. 31- Nov. 4)
To read the Weekly fundamental analysis click here
Markets
Stocks regained losses in a volatile trading session Friday but still finished lower as investors tried to get a handle on the Euro zone and ahead of a key confident vote in Greece.
The Dow Jones Industrial Average finished lower. The S&P 500 and the Nasdaq also closed lower.
DJIA CHART
FOREX
The Euro fell sharply against the US Dollar because of a clear deterioration in domestic fiscal issues. This was underlined by fresh troubles in Greece. The quick fixe to the deeply entranched fiscal problems across the Euro zone were open wide when Greek Prime Minister proposed putting the latest austerity packages to a domestic referendum. This quick about face and short term resolution later show clearly things are no clearer than they were at the start of the week.
Investors seem to have endless reasons to remain bearish the Euro (EURUSD)and other key counterparts. The Euro tumbled on suggestions that Greece could derail weeks of negotiations on the most recent fiscal aid packages. The crisis seems to be averted as Prime Minister Papandreou backed away from plans to put fresh austerity restrictions to a popular vote. Still, it is safe to say, uncertainty reigns as Italian bond yields shot higher and markets remain nervous.
A relatively empty week of Euro zone economic news suggests that volatility could slow in the days ahead. However, the recent price action emphasizes that sharp moves can come on any number of unexpected announcements. The Greek government narrowly passed a no confidence vote. This vote avoided Greece putting itself into further crisis via new elections. Greece is a mere distraction compared to the trouble brewing in Italy. It is safe to day that the lack of confidence in the existing government threatens to put the whole Euro zone at risk.
EURUSD Chart
COMMODITIES
Oil prices rose Friday as concerns about the European financial crisis were balanced by improving jobs data in the US. Crude rose 19 cents to end at $94.26 per barrel. Gold for December delivery closed down $9 at $1,756.10 at the Comex division of the New York Mercantile Exchange.
CRUDE OIL Chart
EQUTIES
AIG tumbled after the insurer missed results following an impairment charge in its aircraft leasing unit. Starbucks gained after the world’s largest coffee chain posted earnings that were better than expected. On the tech front, AMD fell after the microprocessor maker said it is slashing almost 1,4000 jobs. This move comes due to the weak PC market and manufacturing delays.
Binary Options Trading analysis written by David Frank
Fundamental Analysis and the Week Ahead
To read the Weekly technical report click here
ECONOMIC NEWS
US employment rose 80,000 in October. This was less than a gain of 95,000 that economists had expected. However, the jobless rate slipped to a six month low of 9 percent. Also, an upward revision to the prior months’ job gains pointed to a possible gain of strength in the jobs market.
THE WEEK AHEAD
MONDAY: Consumer credit
TUESDAY: NFIB small biz optimism index, 3-yr note auction, EU finance ministers meet
WEDNESDAY: Weekly mortgage apps, wholesale trade, oil inventories, 10-yr note auction
THURSDAY: International trade, jobless claims, import & export prices, 30-yr bond auction
FRIDAY: US Holiday—Veteran’s Day. Markets open, banks closed. Consumer sentiment, French short sale ban ends
Binary Options Trading analysis written by David Frank
Binary Options Analysis – Stocks Mixed as US Payroll Data Disappoints
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets rallied after Greece canceled a call for a national referendum on the recent bailout deal. The Nikkei climbed 1.9%, although Sony shares dropped 7.9% after lowering its outlook for the 4th quarter. The Kospi and Hang Seng both surged 3.1%, and the ASX 200 advanced 2.6%, led by miners. China’s Shanghai Composite closed with a gain of .8%.
European markets slumped, as disappointment over the G20 meeting weighed on investors. Despite high hopes, the meeting generated little support for Europe’s bailout fund. The DAX tumbled 2.7%, the CAC40 slumped 2.3%, while the FTSE escaped the wreckage, easing just .3%.
Germany's DAX Tumbles 2.7%
US payroll data showed job growth was significantly lower than expected, gaining just 80K jobs October. Economists had forecast a jump of 95K jobs. USstocks closed modestly lower, but were well off their session lows. The Dow dropped 61 points to 11983, the Nasdaq slipped .4% and the S&P 500 declined .6%. The VIX eased slightly, settling just above 30.
Starbucks shares jumped 6.7% after reporting strong profits, while AMD shares fell 1% due to a weak PC market.
Groupon’s IPO was a huge success, with shares closing at 26.11, after the IPO priced at $20 a share.
Treasuries and Commodities
Bonds rose, with 10-year notes up 11/32 to yield 2.03%, and 30-year notes gained 20/32 to yield 3.09%.
Energy ended modestly higher, with crude oil up .2% to 94.28, gasoline up .8% to 2.6643, and natural gas up .1% to 3.783.
Metals declined, led by silver which dropped 1.2% to 34.084. Gold fell .5% to 1756.10, and copper fell .7% to 3.5654.
Currencies
The Canadian Dollar dropped 1% to 1.0188, after employment data showed an unexpected drop in jobs. The Swiss Franc fell .9% to 1.1287, and the Euro fell .2% to 1.3782. The Pound closed flat, and the Yen eased .2% to 78.24.
Economic Outlook
While the jobs report was weaker than forecast, the unemployment rate declined to 9% from 9.1%. The economy does appear to be growing, although much slower than desired.
Monday’s sole report will be consumer credit, which last month dropped by $9.2 billion.
Earnings are due from Dryships, Dish Network, and Sotheby’s.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Analysis – Global Equities End Mixed, Commodities Gain
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Monday opened the week on a down note in Asia, as concerns overItaly’s debt burden pressured stocks. The Nikkei fell .4% to 8767, the Kospi declined .5% and the ASX 200 eased .2%. InChina, the Shanghai Composite fell .7% and the Hang Seng slumped .8%.
European markets recovered from steep losses to close modestly lower, boosted by rumors that Italy’s Prime Minister Silvio Berlusconi might resign. The CAC40 and DAX both closed down .6% and the FTSE shed .3%. Italy’s MIB index rallied 1.3%, overcoming early losses.
US stocks gained, with the Dow closing up 84 points to 12068. The Nasdaq rose .3% and the S&P 500 gained .6%. Healthcare shares rallied, after Amgen announced a $5 billion stock buyback plan. Amgen shares surged 5.9% higher.
Barnes & Noble announced an update to its Nook e-reader, intended to compete with Amazon’s Kindle Fire. Barnes & Noble shares fell 1.9%.
Treasuries and Commodities
Bonds closed slightly higher, with 10-year notes up 7/32 to yield 2.01%, and 30-year notes up 19/32 to yield 3.06%.
Crude oil climbed 1.5% to 95.65, and gasoline rallied 2.6% to 2.733, while natural gas fell 2.3% to 3.696.
Precious metals posted significant gains, as gold advanced 2.4% to 1797.80, and silver climbed 2.6% to 34.965. Copper edged up .2% to 3.5730.
Gold Continues to Climb
Currencies
The Swiss Franc tumbled 1.6% to 1.1098 after a Swiss government panel recommended the Swiss National Bank lift the EURCHF exchange floor from 1.20 to 1.30. The EURCHF rate is currently 1.2413. A strong Franc is threatening to push Switzerland into recession as it struggles to compete with its Euro-based peers.
The Dollar traded mixed against the other major currencies, as the Euro eased .1% to 1.3776, while the Pound rose .2% to 1.6054. The Australian Dollar overcame an early loss of nearly 1% to close down fractionally at 1.03711, and the Canadian Dollar gained .6% to 1.0128.
Economic Outlook
Consumer credit was stronger than forecast climbing by $7.1 billion, after last month’s sharp drop of $9.7 billion.
Tuesday’s sole economic report is the TIPP Economic Optimism Report.
Earnings are due fromToyota, Amdocs, SINA, and Take Two Interactive.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Analysis – 9/11/2011
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets fell for a second day. InJapan, the Nikkei fell 1.3%, ahead ofToyota’s earnings. After the close,Toyotareported a steep 32% drop in profits and retracted its annual forecasts due to flooding inThailand. Olympusfell 29%, the daily limit, after admitting it had defrauded investors by covering up losses.
The Kospi dropped .8%, weighed down by Hynix Semiconductor’s 4.6% loss. Australia’s ASX 200 managed to buck the trend, gaining .5%. China’s Shanghai Composite eased .2% and the Hang Seng ended flat, surrendering early gains.
In Europe, the major indexes rallied. The CAC40 advanced 1.3%, the FTSE climbed 1% and the DAX rose .6%. InItaly, the government narrowly approved a budget package, but by an extremely narrow margin. Later in the day, Italian Prime Minister Berlusconi announced he will resign, a highly anticipated move.
US markets continued to climb, in a broad rally which lifted all major S&P sectors. The Dow closed up 102 points to 12170, while the Nasdaq and S&P 500 both rallied 1.2%.
Priceline shares jumped 8.6% after reporting strong profits. Amylin Pharmaceuticals dropped 11% after announcing an end to a partnership with Eli Lilly.
Treasuries and Commodities
Bond prices eased, reversing Monday’s gains. 10-year notes closed down 11/32 to yield 2.08%, and 30-year notes fell 24/32 to yield 3.13%.
A $32 billion auction in 3-year notes had a high yield of .379% and a bid-to-cover ratio of 3.41. On Wednesday, the Treasury will auction $24 billion in 10-year notes.
Commodities settled mostly higher. Crude oil gained 1.5% to 96.96, its highest close in 3-months. Natural gas closed up 1.7% at 3.759, while gasoline slipped .4% to 2.7179.
Crude Climbs to its Highest Level Since August
Metals traded mixed, with gold down 5.90 to 1785.20, while silver rose .4% and copper gained .6%.
Agriculturals were mixed as well. Wheat jumped 2.9% and sugar climbed 2.3%, while coffee fell 1.5%.
Currencies
The Dollar traded lower against the major currencies. The Euro and Yen both rose .5%, and the Swiss Franc gained .6% to 1.1171. The Pound edged up .2% to 1.6089, and the Canadian Dollar rose .4% to 1.0093.
Economic Outlook
The NFIB small business optimism index rose to 40.6 from 40.3, but was below expectations.
Wednesday’s economic reports will include wholesale trade, weekly mortgage applications, and weekly oil inventories.
Earnings are due from GM, HSBC, Macy’s, Cisco, and Anheuser Busch.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Analysis – Wester MarketsTumble on Contagion Fears
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets rose, lifted by hopes that the announced resignation of Italy’s Prime Minister would help in stabilizing the country’s debt crisis. The Nikkei rallied 1.2% to 8755, but Olympus shares continued their freefall, dropping by 20%. In Korea, the Kospi ticked up .2%, despite losses of more than 4% in market heavyweights, LG Display and Hynix Memory. Around the region, the ASX 200 gained 1.2%, the Shanghai Composite rose .8%, and the Hang Seng shined, jumping 1.7%.
In contrast, European markets dropped, as concern over Italy took center stage. Yields on Italy’s 10-year notes crossed above 7%, signaling the market has little confidence in the country’s ability to pay its debts. The DAX and CAC40 both fell 2.2% and the FTSE shed 1.9%.
The selling pressure intensified in the US with the Dow tumbling 389 points to 11780. The S&P 500 plunged 3.7% and the Nasdaq dropped 3.8%, as the VIX rocketed up 31% to 36.16. News that Greece’s government had failed to agree on a new prime minister added to the European debt fears.
The Dow Tumbles Nearly 400 Points
HSBC shares fell 8.7% after posting a 36% drop in profits. Macy’s shares sank 5.3%, and GM shares tumbled 10.9% even though both companies beat profit estimates.
Treasuries and Commodities
A $24 billion auction in 10-year notes had a high yield of 2.03% and bid-to-cover ratio of 2.64.
A flight to safety pushed bonds higher, with 10-year notes up a full point to yield 1.97%, and 30-year notes up 2 11/32 to yield 3.03%.
Commodities posted significant losses thanks to the broad selloff. In energy, Gasoline dropped 2.2% to 2.6466 and crude oil declined .8% to 96.03, despite an unexpected drop in oil inventories.
Copper led metals lower, dropping 3.9% to 3.394. Gold shed 1.7% to 1768.80, and silver lost 3.5% to 33.925.
Currencies
The Dollar soared as fears of contagion sent the Euro down 2.1% to 1.3546. The Australian Dollar, representative of the risk-trade tumbled 2.3% to 1.0150. The Swiss Franc shed 1.6% to 1.1001, and the Pound fell 1.1% to 1.5920.
Economic Outlook
Political instability in Europe is threatening to make solving the debt problems even more challenging, and is raising the likelihood of a global recession due to contagion.
Wednesday’s economic data was positive, but buyers failed to notice. Wholesale inventories fell last month for the first time in nearly 2 years, and weekly mortgage applications rose.
Thursday’s reports will include international trade, import and export prices, and weekly jobless claims.
Earnings are due from Disney, Kohl’s, Nordstrom and Nvidia.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Analysis – Asia Tumbles, Western Markets Calm
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Following Wednesday’s selloff in Western markets, Asian markets closed sharply lower. The Nikkei fell 2.9%, the Kospi tumbled 4.9%, and the ASX 200 dropped 2.4% as fears over Italy’s debt burden triggered a broad selloff. In China, the Shanghai Composite shed 1.8%, and the Hang Seng plunged 5.3%, as heavyweight HSBC sank more than 9%.
Asian Markets Tumble on European Debt Fears
European markets ended mixed, as the CAC40 and FTSE both fell .3%, while the DAX gained .7%. Italy’s MIB index rallied 1%, as hopes for a new government helped push yields below 7%. News that that the ECB was buying Italian and Spanish bonds helped calm the markets.
The Dow climbed 113 points to 11893 and the S&P 500 gained .9% as investors went bargain hunting after Wednesday’s slide. The Nasdaq posted a much slimmer .1% gain.
Cisco shares jumped 5.7% after beating analyst forecasts. GreenMountainplunged 39% as weak revenue data sent investors running.
Treasuries and Commodities
Bonds fell, as the market calmed. 10-year notes shed 18/32 to yield 2.06%, and 30-year notes dropped 1 23/32 to yield 3.11%.
A $16 billion auction in 30-year notes had a high yield of 3.199% and a low bid-to-cover ratio of 2.4.
Crude oil rallied 2% to 97.69, while gasoline lost .5% to 2.63. Metals traded lower, led by copper, which declined 2% to 3.372. Gold sank 1.8% to 1760, and silver slipped .9% to 34.05.
Agricultural futures ended mixed, as wheat dropped 3.6%, while cotton gained 2.4%.
Currencies
The US Dollar surrendered some of its gains from the previous session, dropping against all major currencies. The Euro gained .6% to 1.3606, and the Pound rose by .2% to 1.5937. The biggest gainer was the Canadian Dollar, which climbed .7% to 1.0172. The Yen ticked up .2% to 77.63, as the market slowly challenges the Bank of Japan’s intervention efforts.
Economic Outlook
Weekly jobless claims fell to 390K, the best reading since April, and significantly better than the 400K forecast. The budget deficit unexpectedly dropped to $43.1 billion.
Friday’s sole report is the University of Michigan’s Consumer Sentiment report. Friday is Veteran’s Day, so banks will be closed, but the market is open.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Report (Nov. 7- Nov. 11)
To read the Weekly fundamental analysis click here
Markets
Stocks finished higher Friday. Marekets ended up extending gains for a second session. This comes amid signs of stabilization in the Euro zone. Also comes after a better than expected consumer report. All three major averages are now in positive territory for 2011.
The Dow Jones jumped 259.89 points, or 2.19 percent, to finish at 12,153.68. The S&P 500 rose 24.16 points, or 1.95 percent, to close at 1,263.85. The Nasdaq exploded for 53.60 points, or 2.04 percent, to end at 2,678.75.
DJIA CHART
FOREX
The Euro ended the week on a good note. The market ended upposting the largest daily rally in two weeks and trimming its weekly loss to just 0.2 percent on average against the major currencies. Optimism emerged after Greece finally settled on Lucas Papademos as thier new Prime Minister. Also, Italy abandoned plans for disruptive early elections in favor of a technocrat transition government headed by former EU Commissioner Mario Motti. The news stroked hopes that the emergence of coherent stewardship will speed the passage of austerity measures and calm already nervous financial markets. Thereby lightening the debt burden on both countries by bearing down on borrowing costs.
This week, this happy mood is might not prove lasting. While the passage of deficit reduction plans is certainly a step in the right direction, it is clearly their effective implementation is what investors are truly concerned about. Greece has proven to be an excellent case study of a country that promised a lot but delivered very little. they have been failing repeatedly to meet the budget benchmarks set by the EU and the IMF. With that said, traders are unlikely to expect much more of Italy.
EURUSD Chart
COMMODITIES
Crude rose $1.26 cents to end the week at $95.52. The market price has not finished that high since July 29. Brent crude, which is used to price many foreign oil varieties, rose $2.59 to finish at $114.56 in London. Gold for December delivery closed down $9 at $1,756.10 an ounce at the Comex division of the New York Mercantile Exchange.
CRUDE OIL Chart
EQUTIES
Walt Disney rose after the media conglomerate posted sales that beat expectations as advertising rose at the company’s cable networks and theme park revenue increased. Nvidia rose after the chipmaker posted results that topped estimates. Although its revenue forecast was a lower than expected. Meanwhile, Citigroup raised the company’s price target on the firm to $17 from $14. Also, shares of Caterpillar rose after the heavy equipment maker said it will move production of some equipment from Japan to North America. they are doing this to be closer to customers in the Americas and Europe.
Binary Options Trading analysis written by David Frank
Fundamental Analysis and the Week Ahead
To read the Weekly technical report click here
ECONOMIC NEWS
U.S. consumer sentiment rose to its highest level in five months in early November as Americans felt better about the economic outlook. The Thomson Reuters/University of Michigan’s preliminary reading on the overall index on consumer sentiment rose to 64.2 from 60.9 the month before. This figure topping the median forecast of 61.5 among economists. The survey’s gauge of consumer expectations climbed to 56.2 from 51.8. While respondents were no more positive about the current state of the economy, they were less likely to expect it to worsen in the year ahead. Also, Italy dropped plans for a disruptive round of elections and appointed a stewardship to lead the government.
THE WEEK AHEAD
MONDAY: MF Global bankruptcy proceedings, 13-F filings due
TUESDAY: Fed’s Bullard speaks, Fed’s Evans speaks, PPI, retail sales, Empire state mfg survey, Fed’s Williams speaks, business inventories, Fed’s Lacker speaks, Fed’s Fisher speaks,
WEDNESDAY: Weekly mortgage apps, CPI, industrial production, housing market index, oil inventories, Fed’s Lacker speaks, Fed’s Rosengren speaks
THURSDAY: Housing starts, jobless claims, Philadelphia Fed survey, Fed’s Pianalto speaks
FRIDAY: Leading indicators
Binary Options Trading analysis written by David Frank