BinaryOptionStrategy Analysis - page 13
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Daily Analysis - November 14
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets rose on Friday, following Thursday’s steep decline. The Nikkei ticked up .2% to 8514, whileOlympusshares were placed on a supervisory watch, an initial step towards a possible delisting. Korea’s Kospi rallied 2.8% as Samsung Electronics soared more than 5%, and Australian’s ASX 200 gained 1.2%. In greater China, the Hang Seng advanced .9% to 19137, and the Shanghai Composite rose fractionally.
In Europe, markets rallied on hopes Italy would soon resolve its political divide. The DAX soared 3.2%, the CAC40 gained 2.8%, and the FTSE climbed 1.9%. Italy’s MIB index surged 3.7% as the Italian Senate took steps towards implementing a new round of austerity measures.
US markets rallied for a second day, moving back into positive territory for the year. The Dow jumped 260 points to 12154, and the S&P 500 and Nasdaq both advanced 2%.
In earnings news, Disney shares soared 6% after beating analyst expectations, and Nvidia climbed 3.5% on strong earnings.
Treasuries and Commodities
The US bond market was closed on Friday for Veteran’s day. Overseas, German bonds tumbled with 10-year notes down .85, and 30-year notes down 2.17.
Oil continued to rally, closing up 1.21 to 98.99, while natural gas fell 1.8% to 3.584, and gasoline slipped 1.3% to 2.6038.
Metals posted solid gains, led by copper which rose 2.7% to 3.4635. Gold advanced 28.50 to 1788.10, and silver gained 1.7% to 34.68.
Currencies
The Dollar retreated as currency traders moved back into “risk on” mode. The Australian Dollar staged an impressive rally, jumping 1.3% to 1.0280 after dropping to 1.0108 in the early morning. The Euro climbed 1.1% to 1.3750, and the Pound gained .8% to 1.6064. The Yen’s advance picked up steam, rising .6% to 77.18, and the Swiss Franc closed up .5% to 1.1099.
Economic Outlook
Consumer sentiment data from the University of Michigan exceeded expectations, climbing to 64.2 from last month’s 60.9.
No major economic reports are due on Monday. Earnings are scheduled for JC Penney, Limited Brands, Lowe’s, and Urban Outfitters.
Binary Options Trading analysis written by Bradley Welcher
Binary Option Analysis – Italian Debt Fears Send Western Markets Lower
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
New leaders were appointed in Italy and Greece over the weekend, lifting Asian stocks. The Nikkei climbed 1.1% to 8604, the Kospi jumped 2.1%, while the ASX 200 ticked up .2%. China’s markets rallied strongly, as the Shanghai Composite and Hang Seng both gained 1.9%.
The mood shifted in Europe, pushing the major indexes lower. The CAC40 dropped 1.3%, the DAX sank 1.2% and the FTSE slipped .5%. Debt fears were stoked by an auction of 5-year Italian bonds, which yielded a record high 6.2%, up nearly 1% from last month. Credit Suisse was placed under review by Moody’s, sending the shares down 3.4%.
US markets ended lower, with financials leading the declines. The Dow fell 75 points to 12079, the S&P 500 lost 1%, and the Nasdaq shed .8%.
S&P 500 Drops 1%
Salesforce.com closed up 2.8% after Citigroup upgraded the company to “buy”.
In earnings news, JC Penney shares dropped 2.8% after reporting a loss and a weak outlook. Lowe’s shares gained 1.7% after beating analyst forecasts and lifting its outlook.
Treasuries and Commodities
Bonds posted gains as equities fell. 10-year notes closed up 6/32 to yield 2.04%, and 30-year notes advanced 31/32 to yield 3.08%.
Natural gas led energy lower, plummeting 3.6% to 3.454. Gasoline dropped 2.8% to 2.5308, and crude oil sank 1% to 98.01.
Metals closed mixed, as copper rose .8% to 3.491, while precious metals dropped. Gold fell .4% to 1781.40 and silver sank 1.2% to 34.26.
Currencies
European currencies retreated against the Dollar. The Pound fell 1% to 1.5910, the Euro shed .9% to 1.3626, and the Swiss Franc declined .7% to 1.1020. The Australian Dollar dropped .8%, while the Yen inched up .1% to 77.11.
Economic Outlook
Tuesday’s reports will include PPI, retails sales, the Empire State manufacturing survey, and business inventories.
Earnings are scheduled for Autodesk, Beazer Homes, Dell, Home Depot, Staples, and Wal-Mart.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Analysis – Upbeat Economic Data Lifts US Markets
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Selling pressure hit Asian markets, as rising interest rates in Italy and Spain triggered nervous selling. The Nikkei dropped .7% to 8542, the Kospi declined .9%, and the ASX 200 skidded .4%. Hong Kong’s Hang Seng fell .8%, while the Shanghai Composite bucked the downtrend, closing up fractionally.
European markets closed lower in a volatile session, as a spike in French interest rates hurt financial shares. The CAC40 slumped 1.9%, as BNP Paribas and Societe Generale both tumbled more than 5%. The DAX declined .9% and the FTSE closed down fractionally, recovering from a sizable loss earlier in the day. Italy’s new prime minister, Mario Monti succeeded in forming a government, helping stocks pare their early losses.
Afternoon Rally Helps FTSE Pare Losses
In the US, stocks gained, led by the Nasdaq, which rallied 1.1%. The Dow closed up 17 points to 12096, and the S&P 500 rose .5% to 1258.
Staples shares dropped 3.6% after reporting weak sales and cutting its profit forecast. Wal-Mart dropped 2.4% after falling short of analyst forecasts.
Treasuries and Commodities
Bonds rose modestly, with 10-year notes settling up 2/32 to yield 2.05%, and 30-year notes gaining 16/32 to yield 3.08%.
In the UK, bonds rallied, particularly the 30-year note, which rose 1.16 to yield 3.13%.
Commodities traded mostly higher, as upbeat economic data suggested the US economy is in better shape than feared. In energy, crude oil gained 1.3% to 99.43, gasoline jumped 1.9% to 2.5834, while natural gas declined 1.2% to 3.415.
Among metals, silver shined, climbing 1.6% to 34.58. Gold and copper both rose .3%.
Agricultural futures rallied across the board. Cotton jumped 4.1%, coffee advanced 3.7%, and wheat gained 2.8%.
Currencies
The Dollar advanced for a second day. The Euro fell .6% to 1.3535, the Pound declined .5% to 1.5814, and the Swiss Franc slumped .8% to 1.0924. The Canadian Dollar fell .4% to 1.0212, while the Yen inched up .1% to 77.06.
Economic Outlook
Tuesday’s economic data projected a healthy outlook for the US economy. Retails sales rose by.6%, more than forecast, and the Empire State manufacturing survey unexpectedly climbed, snapping a 5-month losing streak. PPI unexpectedly fell thanks to a drop in commodity prices.
Wednesday’s reports will include CPI, industrial production, the NAHB Housing Market Index, weekly mortgage applications, and weekly oil inventories.
Earnings are due from Target, Applied Materials, and Abercrombie and Fitch.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Analysis - 17/11
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To read the Weekly fundamental analysis click here
Equities
Asian markets ended lower as investors focused on debt troubles in Europe. China’s markets led the declines, as the Shanghai Composite shed 2.5%, and the Hang Seng skidded 2%, following a report from the IMF that China’s banks face systemic risks. The Nikkei fell.9% to 8463, while Olympus shares surged 15%, amid growing expectations that the company will not be delisted. The Kospi dropped 1.6%, and the ASX 200 slid .9%.
In Europe, news that the ECB was buying bonds helped stabilize the markets. The major indexes closed mixed, with the CAC40 up .7%, while the DAX slipped .2% and the FTSE eased .1%. Despite the ECB’s efforts, Italian 10-year notes settled above the 7%.
Heavy selling hit US stocks in the last hour of the day, as investors were spooked by a report from Fitch which discusses US bank exposure to European debt. The Dow dropped 191 points to 11906, and the S&P 500 and Nasdaq both fell 1.7%.
Financials tumbled, as Citigroup dropped 4%, Morgan Stanley tumbled 8% and Goldman Sachs lost 4.2%.
Abercrombie & Fitch shares plunged 14% after missing earnings estimates. Dell lost 3.2% after warning it may miss its revenue forecast for the year due to supply issues.
Treasuries and Commodities
US treasuries gained as 10-year notes rose 12/32 to yield 2.0%, and 30-year notes climbed 30/32 to yield 3.04%. Overseas, German bonds fell modestly, with 10-year notes down .30 and 30-year notes down .42.
Commodities ended mostly lower, although oil was a notable exception, soaring 2.5% to 101.83, following a report which showed a drop in supplies Natural gas fell 1.7% to 3.347.
Oil Soars Past the $100 Mark
In metals, silver sank 2% to 33.76, gold lost 1% to 1764.90, and copper declined .7% to 3.4765.
Currencies
The Australian Dollar tumbled 1.1% to 1.0081, as risk aversion hit the market. The Euro and Pound both lost .5% to 1.3463 and 1.5730 respectively, and the Canadia n Dollar eased .3% to 1.0236.
Economic Outlook
Wednesday’s reports were upbeat, suggesting the economic recovery is picking up. The housing market index jumped to 20 from 17, its highest level in 18 months. Industrial production rose .7%, more than forecast. CPI data showed a drop of .1% in prices, but core CPI, which excludes food and energy, rose .1%.
Thursday’s economic reports will include housing starts, the Philly Fed survey, and weekly jobless claims.
Earnings are due from Sears, Gap, Gamestop, and Dollar Tree.
Binary Options Trading analysis written by Bradley Welcher
Binary Option Analysis – Stocks Tumble as European Bond Yields Surge
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets closed mixed, as the major indexes pared early losses. The Nikkei rose .2% to 8480, the Kospi rallied 1.1%, and the ASX 200 ticked up .3%. China’s markets closed lower, as the Shanghai Composite eased .2%, and the Hang Seng dropped .8%, weighed down by real estate companies.
European markets sank, as rising bond prices reinforced fears of contagion. The CAC40 tumbled 1.8%, the DAX fell 1.1%, and the FTSE slumped 1.6%. Spanish bond prices continued to drop, pushing yields on 10-year Spanish notes up to 6.975% in a government auction, with a weak bid-to cover ratio of 1.54.
The selling continued in the US, with the Dow dropping 135 points to 11771, the Nasdaq falling 2%, and the S&P 500 closing down 1.7% to 1216.
Children’s Place shares surged 15.1% on strong earnings results, and lifted its outlook. Sears dropped 4.6% after reporting a loss due to weak demand, and NetApp shares tumbled 12.3% after reporting a drop in profits.
Treasuries and Commodities
US bonds rose moderately, with 10-year notes up 10/32 to yield 1.97%, and 30-year notes up 29/32 to yield 2.98%. In Europe, German bonds sold off, with 10-year notes down .70 to yield 1.89%, and 30-year notes down 1.58 to yield 2.56%.
Commodities were hit by a steep selloff that pulled down nearly every entry on the board. Crude oil dropped 3.6% to 98.93, a day after breaking through the $100 barrier and gasoline futures tumbled 4.6%. An unexpected drop in natural gas storage sent natural gas up 3.2%, escaping the selling pressure.
Silver plunged 6.6% to 31.575, leading metals lower. Gold closed down 3.1% to 1719.60, and copper shed 3.4% to 3.367.
Silver Plunges 6.6% in a Broad Commodity Selloff
Corn dropped 4.4%, cotton fell 4%, and wheat sank 3.9% as agricultural futures joined in the slide.
Currencies
The Australian Dollar fell below the 1.000 parity level, closing down .8% to .9997, and the Yen rose .1% to settle below 77 at 76.98. The Canadian Dollar skidded .5% to 1.0289. The Euro closed up fractionally surrendering early gains, and the Pound gained .2% to 1.5754.
Economic Outlook
Thursday’s economic data was mostly positive. Weekly jobless claims dropped to their lowest level in 7-weeks at 388K, better than forecast. Building permits were higher than expected, while housing starts were in line with analyst expectations. On a weaker note, the Philly Fed manufacturing index unexpectedly dropped to 3.6 from 8.7.
Friday’s sole report will be leading indicators. Earnings are due from Heinz and Kirkland’s.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Report (Nov. 14- Nov. 18)
To read the Weekly fundamental analysis click here
Markets
Equity markets finished mixed in another thin, erratic session Friday. This comes as investors were reluctant to commit to the market ahead of the weekend and amid ongoing fear over the debt talks in Europe and Washington.
All three major averages closed at their worst levels in nearly two months. The Dow Jones Industrial Average edged out a gain of 25.50 points, or 0.22 percent, to finish at 11,796.23. The S&P 500 slipped 0.46 points, or 0.04 percent to end at 1,215.67. The Nasdaq fell 15.49 points, or 0.60 percent, to close at 2,572.50.
DJIA CHART
FOREX
The outlook for the Japanese Yen continues to depend on which currency pairingis in question. This is with the crosses continuing to show a strong sensitivity to broad based market sentiment trends while the benchmark USDJPY is distorted by intervention risk. However, the principal consideration for the week ahead is the severity of Eurozone sovereign stress and investors’ resulting demand for the Yen as a safe haven.
The Yen fulfills both critical characteristics of an attractive safe haven asset. It is the world’s third most traded currency. This fact making the market liquid and thereby a compelling place to park capital at times of crisis because retrieving it is relatively easy once a problem passes and reallocation to higher yielding investments is desired. The Yen is also an excellent store of value courtesy of Japan’s anemic inflation rate. In fact, year-on-year CPI has been sinking deeper into negative territory over the past three months.
USDJPY Chart
COMMODITIES
Oil prices dropped below $98 per barrel Friday at the end of a volatile week. The week showed mixed fears about Europe’s debt along with the prospect of tighter oil supplies and improving economic conditions in the US. Gold closed $4.90 higher to $1,725.10. Even thouggh gold was losing momentum in after-hours trading. The gold price has traded as high as $1,738.50 and as low as $1,711.40, while the spot gold price was up $4, according to Kitco’s gold index. Gold’s strength was due to the change in the US dollar as physcal demand was $2 lower.
Gold Chart
EQUTIES
Marvell Technology gained even after the chipmaker posted a decline in revenue and warned that the flooding in Thailand may hurt demand for hard drive controllers. Salesforce fell after the web-based software maker reported a quarterly loss as its market and sales costs increased sharply in addition to a tepid outlook. Clearwire tumbled more than 30 percent after the wireless Internet service provider’s CEO discussed whether the firm would make its debt payment due Dec. 1 Shares were halted four times.
Binary Options Trading analysis written by David Frank
Fundamental Analysis and Week Ahead
To read the Weekly technical report click here
ECONOMIC NEWS
Economic activity in the US climbed 0.9 percent in October. This is a sixth straight gain, according to the Conference Board. Economists had expected the index to rise 0.6 percent. In Europe, new ECB President Mario Draghi urged Euro zone governments to jump start the region’s rescue funds. This move is resisting pressure on the bank to do more to tackle the debt crisis.
THE WEEK AHEAD
MONDAY: Chicago Fed nat’l activity index, existing home sales, 2-yr note auction, Fed’s Lockhart speaks
TUESDAY: GDP, corporate profits, 5-yr note auction
WEDNESDAY: Weekly mortgage applications, durable goods orders, personal income & outlays, jobless claims, consumer sentiment, oil inventories, 7-yr note auction, FOMC minutes, Super Cmte. must vote on detailed recommendations
THURSDAY: Thanksgiving Day: All US markets closed
FRIDAY: Black Friday, NYSE early close, Fed balance sheet, money supply, USDA food prices outlook
Binary Options Trading analysis written by David Frank
Daily Analysis – Short Term Spanish Bond Yields Soar
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets ended mixed as investors responded to the latest failure by US lawmakers to address the nation’s deficit troubles. The Nikkei fell .4% to 8315, but was well of its intraday low of 8261. The Korean Kospi rose .3%, erasing early losses, and the ASX 200 sank .7%, weighed down by a 4.3% drop in Qantas Airways. In greater China, the Shanghai Composite closed flat and the Hang Seng inched up .1% to 18252.
European markets extended their losing streak to 4, as a weak debt auction in Spain pressured financials. An government auction of 3-month bonds had a yield of 5.11%, more than double the rate from a month ago. The DAX slumped 1.2%, the CAC40 dropped .8%, and the FTSE fell .3%. European banks fell more than 3%, as the value of their bond holdings continues to erode.
European Markets Continue to Fall
In the US, the major indexes closed moderately lower. The Dow shed 54 points to 11494, the S&P 500 dropped .4%, and the Nasdaq slipped .1%.
Campbell Soup dropped 5.3%, despite reporting strong earnings. Netflix shares sank 5.4% after warning it would have a loss in 2012.
Treasuries and Commodities
A $35 billion auction in 5-year notes had a high yield of .937% and a bid-to-cover ratio of 3.15.
Treasuries gained with 10-year notes up 8/32 to yield 1.93%, and 30-year notes climbed 1 2/32 to yield 2.98%.
Commodities traded mostly higher. In energy, gasoline rallied 2.8% to 2.559, crude oil gained 1.1% to 98.00 and natural gas ticked up .2% to 3.405.
Silver led metals higher, rallying 1.3% to 32.75. Gold rose 1.3% to 1700.10 and copper advanced .4% to 3.319.
Currencies
The Dollar closed mixed against world currencies. The Euro rose .2% to 1.3514, and the Swiss Franc gained .4% to 1.0943. The British Pound, Japanese Yen, and Australian Dollar all eased fractionally.
Economic Outlook
US GDP data showed the economy grew at a rate of 2% in the third quarter, less than the 2.5% previously estimated. On a better note, the Richmond Manufacturing Index was flat, better than last month’s -6 reading.
Wednesday’s reports will include durable goods, personal income and spending, consumer sentiment, weekly mortgage applications, and weekly oil inventories.
Earnings are due from Deere and Guess. Volume is likely to be light on Wednesday ahead of Thanksgiving weekend.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Analysis – Weak Chinese PMI Data Hits Equities
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Negative PMI data from China pressured Asian shares, as factory growth fell to its lowest level in nearly 3 years. In China, the Shanghai Composite fell .7%, and the Hang Seng slumped 2.1%. Australia’s ASX 200 declined 1.7%, as materials stocks sank on the Chinese news, and the Kospi dropped 2.4%. Japanese markets were closed for a holiday.
European markets continued to drop, and a weak German bond auction spooked investors. The auction had an incredibly low bid-to-cover ratio of .65, as the government failed to sell the entire amount planned. The DAX fell 1.4%, the CAC40 lost 1.7%, and the FTSE shed 1.3%.
Selling pressure mounted in the US, with the Dow closing down 236 points to 11258. The Nasdaq fell 2.4% and the S&P 500 lost 2.2%. Financials fell after the Federal Reserve said it would conduct stress tests on the 6 largest US financial companies to weigh the risk of a worsening European debt crisis. The 6 banks all fell more than 3% on the news.
US Markets Continue to Fall
Deere rallied 2.9% after raising its guidance for 2012 and reporting strong earnings. Pandora Media shares tumbled 11.3% after issuing a weaker than expected outlook.
Treasuries and Commodities
US bonds climbed in a flight to safety. 10-year notes rose 10/32 to yield 1.88%, and 30-year notes gained 29.32 to yield 2.84%. German bonds tumbled after the weak auction, with 10-year notes down 1.37 to yield 2.06%, and 30- year notes down 3.11 to yield 2.75%.
Commodities fell almost universally, as fear gripped the market. Crude oil fell 1.8% to 96.23 and gasoline dropped 1.7% to 2.5186, while natural gas bucked the trend, climbing 1.9% to 3.481.
Gold slipped .4% to 1695.50, and silver tumbled 3.6% to 31.755. Copper closed down 2.2% at 3.261.
Currencies
The Dollar rallied strongly against the major currencies, as the Euro closed down 1.3% to 1.3335, and the Australian Dollar tumbled 1.6% to .9687. The Pound fell .8% to 1.5515, and the Canadian Dollar lost .9% to 1.0478. The Yen fell .5% to 77.35, and the Swiss Franc dropped .7% to 1.0867.
Economic Outlook
The reality that even Germany is having trouble raising money is a strong warning sign for the markets, although Germany’s bond yields are close to record lows.
Wednesday’s extensive US data was mixed. Consumer Sentiment came in slightly below estimates, and weekly unemployment claims rose to 393K from last weeks 391K reading, worse than forecast. Personal spending rose by just .1%, much less than last month’s .7% jump.
On the upside, durable goods orders dropped by less than feared, sliding .7% after dropping by 1.5% last month. Personal income rose by .4%, slightly more than expected.
US markets will be closed on Thursday for Thanksgiving.
Binary Options Trading analysis written by Bradley Welcher
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