BinaryOptionStrategy Analysis - page 16
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Binary Options Daily Analysis – Global Equities Trade Mixed, Metals Advance
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets rose moderately thanks to Thursday’s upbeat US data. The Nikkei rose .3% to 8402, the Kospi jumped 1.2%, and the ASX 200 rose by .5%. China’s markets surged on hopes for central bank easing in the mainland. The Shanghai Composite rallied 2% to 2225, and the Hang Seng advanced 1.4%.
European markets closed lower, as concerns over possible debt downgrades intensified. The CAC40 slumped .9%, the DAC dropped .5%, and the FTSE lost .3%. Bucking the downtrend, miners rallied, lifted by a bounce in metal prices. Nokia shares declined more than 3% after Research in Motion’s weak earnings weighed on the mobile sector.
In the US, the major indexes closed mixed. The Nasdaq gained .6%, the S&P 500 rose .3%, while the Dow slipped fractionally. The Dow had opened sharply higher, but those gains evaporated by the afternoon.
Dow Ends Flat, Surrendering Early Gains
Adobe shares climbed 6.6% after reporting solid earnings, while Research in Motion tumbled 11.2% after weak profits and a dismal outlook.
Treasuries and Commodities
Bonds advanced, with 10-year notes climbing 18/32 to yield 1.85%, and 30-year notes gaining 1 12/32 to yield 2.85%.
Metals closed higher, led by copper which closed up 2% to 3.331. Gold gained 1.3% to 1597.60, and silver advanced 1.4% to 29.671.
Crude oil slipped .34 to 93.53, while gasoline ended flat at 2.487.
In agricultural futures, soybeans rallied 1.6%, and sugar rose 1.5%, while coffee lost 1.2%.
Currencies
The Dollar traded mostly lower on Friday, easing slightly after a strong week. The Euro and Pound both rose .2% to 1.3042 and 1.5546 respectively. The Australian Dollar and Swiss Franc rallied .4%. The Yen edged up .2% to 77.74, while the Canadian Dollar lagged behind, dropping .4% to 1.0384.
China’s yuan reached a record high of 6.3294, which was attributed to intervention by the central bank, in an effort to challenge short sellers.
Economic Outlook
Friday’s CPI data was mixed, as core CPI, which excludes food and energy, rose more than expected, while the broader CPI, remained flat. A drop off in inflation could potentially pave the way for additional easing from the Fed.
Monday’s only report will be the NAHB housing market index. Analysts are expected the index to rise from 20 to 21.
Earnings are due from Red Hat.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – US Stocks Drop on ECB Disappointment
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
News that North Korea’s leader, Kim Jong il, had died, weighed on Asian markets amid concern for the region’s stability. South Korean shares tumbled, with the Kospi closing down 3.4%, after dropping as much as 4.9%. The Nikkei lost 1.3% to 8296, the ASX 200 dropped 2.4%, and the Hang Seng shed 1.2%. China’s Shanghai Composite outperformed, easing a mere .3%, as it erased an earlier drop of 2.6%.
European markets traded mixed, following a speech by ECB president, Mario Draghi, in which he offered no new stability plans. The DAX fell .5%, and the FTSE lost .4%, while the CAC40 inched up fractionally.
US stocks opened higher, but closed significantly lower. The Dow fell 100 points to 11766, the Nasdaq dropped 1.3%, and the S&P 500 declined 1.2%.
Banking shares tumbled, as Bank of America lost 4.1% and Citigroup shed 4.7%.
AT&T abandoned its $39 billion plan to purchase T-Mobile, due to regulatory complications.
Treasuries and Commodities
US bond prices advanced, with 10-year notes climbing 13/32 to yield 1.80%. 30-year notes jumped 1 13/32 to yield 2.78%. In contrast, German bonds fell, with 10-year notes down .27 and 30-year notes down .465.
Crude oil and gasoline ticked up .2% to 93.68 and 2.491 respectively. Natural gas fell .6% to 3.109.
Silver tanked 3.2% to 28.71, while copper fell 1.2% to 3.292, and gold eased .4% to 1591.90.
Silver Sinks more than 3%
Agricultural futures rallied, as corn gained 3.1%, and wheat rose 2.7%.
Currencies
The Dollar traded modestly higher against world currencies, in a light session. The Euro dropped .4% to 1.2996, the Pound declined .3% to 1.5498, and the Yen fell .4% to 78.04. The Australian Dollar sank .8% to .9888.
Economic Outlook
The NAHB housing market index rose from 19 to 21 last month, in line with expectations, posted its 3rd straight gain. Additional housing data is due on Tuesday, when the government will release reports on housing starts and building permits.
Earnings are due from Carnival Cruises, Conagra, General Mills, and Oracle.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Western Markets Soar on Upbeat Data
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets traded mixed as the region calmed following Monday’s slide. Korean shares partially recovered from Monday’s slide, gaining .9%, and the Nikkei rose .5% to 8336, led by a 155 jump in Olympus shares. The ASX 200 slid .2%, the Shanghai Composite slipped .1%, while the Hang Seng edged up fractionally.
European markets surged, boosted by impressive US housing data, and a jump in German business sentiment. The DAX jumped 3.1%, the CAC40 rallied 2.7%, and the FTSE climbed by 1%. The automobile sector advanced by 5.1%, lifted by the bullish outlook. A Spanish short-term debt auction saw yields drop sharply from a month ago, a positive sign for the debt crisis.
The rally continued in the US, as the Dow advanced 337 points, the Nasdaq climbed 3.2%, and the S&P 500 gained 3%.
The S&P 500 Surges 3%
Jefferies shares rocketed 23% higher after reporting earnings which far exceeded analyst expectations.
Homebuilders rallied, as strong housing data lifted the sector. Beazer Homes soared 15%, and Lennar leaped 6% higher.
Treasuries and Commodities
Bonds tumbled as investors poured into riskier assets. 10-year notes fell 31/32 to yield 1.92%, and 30-year notes dropped 2 24//32 to yield 2.92%.
Commodities posted strong gains across all sectors. Crude oil advanced 3.87 to 97.56, gasoline rallied 3.8% to 2.584, and natural gas gained 1.4% to 3.14.
Silver led metal higher, rising 2.4% to 29.565. Gold gained 1.2% to 1616.50 and copper jumped 2.2% to 3.3815.
Currencies
The Australian Dollar soared 1.8% to 1.0075 as investors switched to “risk on”. The Pound climbed 1% to 1.5659, the Canadian Dollar gained .8% to 1.0300, and the Euro rose by .6% to 1.3078.
Economic Outlook
Housing starts and building permits both rose by 50K, far better than the 10K gain forecast by analysts, a strong sign that the housing market is on the rebound.
Wednesday’s reports will include existing home sales, weekly oil inventories, and weekly mortgage applications.
Earnings are due from Bed Bath & Beyond, Carmax, Micron Technology, and Walgreen’s.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – ECB Offers 489 Billion Euro Liquidity Boost
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets advanced on Wednesday, buoyed by strong Tuesday’s outstanding US housing data. The Nikkei gained 1.5% to 8460, the Kospi jumped 3.1%, and the ASX 200 rallied 2.1%. Hong Kong’s Hang Seng climbed 1.9% to 18416, while China’s Shanghai Composite bucked the uptrend, sliding 1.1% to 2191.
European markets declined, as a morning spike faded. The DAX fell 1% to 5792, the CAC40 dropped .8% and the FTSE declined .6% to 5390. The ECB offered 489 billion euros in 3-year notes, in an effort to increase liquidity to struggling banks.
Germany's DAX Slides 1%, Erasing Morning Gains
US markets closed mixed as the Nasdaq dropped 1%, while the S&P 500 gained .2%, and the Dow inched up 4 points.
Oracle shares tumbled nearly 12% after announcing earnings that missed analyst estimates.
Research in Motion shares jumped 10.1% on hopes the company might be taken over.
After the bell, Bed Bath & Beyond shares slumped 3.8% on weaker than expected sales.
Treasuries and Commodities
Bonds fell for a second day, as the ECB’s liquidity measures lowered interest in US bonds. 10-year notes fell 14/32 to yield 1.97%, and 30-year notes dropped 1 18/32 to yield 3.00%.
Energy rallied, boosted by a sharp drop in oil inventories, which far exceeded expectations. Gasoline gained 1.7% to 2.6234, oil advanced 1.6% to 98.32, and natural gas rose by 1.2% to 3.165.
Metals traded mixed as copper gained .7% to 3.394, while precious metals fell. Gold eased .1% to 1615.40, and silver slipped .6% to 29.365.
Currencies
The major currencies swung widely in a volatile session, as the ECB’s efforts triggered a brief dollar selloff which quickly reversed. The Euro closed down .3% to 1.3048, after spiking as high as 1.3188 earlier in the day. The Australian Dollar rose by .2% to 1.0092, the Pound edged up .1% to 1.5676. and the Canadian Dollar settled up .3% to 1.0263.
Economic Outlook
Existing home sales rose by much less than forecast, climbing to 4.42M from 4.25M, as opposed to a forecast of 5.04 million.
Thursday’s economic data will include final GDP data for the 3rd quarter, leading indicators, the OFHEO home price index, and consumer sentiment data from the University of Michigan.
Earnings are due from American Greetings and Neogen.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Weekly Jobless Claims Drop to 3.5 Year Low
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets traded lower, as the ECB’s liquidity efforts failed to inspire confidence amongst investors. The Nikkei dropped .8% to 8395, and the Kospi edged down fractionally. Australia’s ASX 200 slumped 1.2% as retailers continue to slash their outlook for the first quarter, due to weak Christmas sales. In greater China, the Hang Seng and Shanghai Composite both declined .2%, but were well-off their earlier lows.
In contrast, European markets rallied, led by banks, which gained 2%. The CAC40 climbed 1.4%, the FTSE gained 1.3%, and the DAX advanced 1.1%.
France's CAC40 gains1.4% as European Banks Rally
US markets closed higher as well, boosted by upbeat economic data. The Dow gained 62 points to 12170, while the Nasdaq and S&P 500 both rose .8%.
Micron Technology shares jumped 15.7%, as upbeat sales data outweighed concerns over lower than expected profits. Meanwhile, Bed Bath & Beyond shares slid 6.3% after issuing a weak outlook.
Treasuries and Commodities
US bonds rose modestly, as 10-year notes rose 4/32 to yield 1.95%, and 30-year notes edged up 10/32 to yield 2.99%.
Energy extended its gains, as crude oil rose .9% to 99.51, gasoline advanced.7% to 2.637, and natural gas closed up .5% to 3.171.
For a second day, precious metals fell, while copper closed .8% higher. Silver lost .4% to 29.13, and gold shed .5% to 1606.30.
Currencies
The Pound, Euro, and Swiss Franc all ended little changed from their Wednesday settlement prices, closing near the center of their intraday price range. The Canadian Dollar climbed .6% to 1.0208, and the Australian Dollar gained .4% to 1.0130, as traders moved back into “risk on” mode. The Yen eased .2% to 78.17.
Economic Outlook
3rd quarter GDP was revised downward to 1.8% from 2.0%, showing the economy is growing slowly, but steadily. Weekly jobless claims fell to 364K, 12K better than expected, hitting their best level since 2008. Consumer confidence moved up to 69.9 from 67.7, better than forecast.
Friday’s reports will include new home sales, durable goods orders, and personal income & spending. No major earnings reports are scheduled.
Binary Options Trading analysis written by Bradley Welcher
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Binary Options Report (Dec. 19- Dec. 23)
To read the Weekly fundamental analysis click here
Markets
Wall Street closed higher Friday as the S&P 500 rallied for a fourth straight day and turned positive for the year after a run of better than expected economic data.
The S&P 500 has gained nearly 5 percent over the last four days and is slightly higher for the year. Investors cited recent improvement in US economic data and seasonal factors behind the move, but many remained cautious about the 2012 outlook.
The Dow Jones was up 124.35 to close at 12294.00 and the S&P500 was up 11.33 to close at 1265.33. While the NASDAQ was up 19.19 to close at 2618.64
DJIA CHART
FOREX
Let us take a look at the USDJPY as a drive higher has been called for over the last year. However, the pair has forged little progress to make that a reality. My analysis approach is to combine rudimentary technicals and capital flow based fundamentals. Both of these types of analysis lead to the same bullish conclusion for the foreseeable future.
The first consideration is the pair incredible proximity to its record low. Extending historical extremes is exceptionally difficult. So, we need a catalyst for reversal. Short term, we have the threat of manipulation from the BoJ and Ministry of Finance to offer economic relief. Medium term, we have the possibility of a deepening financial condidtions in the US and europe that makes us more selective of safe havens (the Buck is undisputed for relative liquidity, credit market stability). Finally, long term, the return of higher global rates supports the Fed moving while the BoJ continues a 20 year, near ZIRP policy .
USDJPY Chart
COMMODITIES
Oil prices rose above $100 a barrel Friday as worries over global security issues outweighed weak economic data in the US.
Crude ended the day at $99.68, up 15 cents. It rose as high as $100.23 during the session. Brent crude finished 7 cents higher at $107.96 in London.
Oil Chart
EQUTIES
SunPower shares rose after the solar panels maker said it would buy rival Tenesol, a unit of France’s Total. At the same time, Total is buying 18.6 million SunPower shares, raising its stake to about 66 percent. Rambus shares traded higher after the company signed a cross licensing agreement with Broadcom ending patent litigation between the two.
Binary Options Trading analysis written by David Frank
Fundamental Analysis and the Week Ahead
To read the Weekly technical report click here
ECONOMIC NEWS
The US Congress approved a two month extension of a payroll tax cut for 160 million workers that would have expired on December 31. The resolution, if only temporary, removes a market headwind that investors said could have hit growth next year.
New US single family home sales rose to a seven month high in November and the supply of houses on the market was the lowest in 5-1/2 years. The data added to signs of a budding recovery in the sector.
Earlier, consumer spending and personal income rose by a modest 0.1 percent in November, which was below market expectations, while the headline 3.8 percent increase in durable goods orders last month masked a decline in a crucial investment measure.
THE WEEK AHEAD
Dec 27 Case-Shiller 20-city Index
Dec 27 Consumer Confidence
Dec 28 MBA Mortgage Index
Dec 29 Continuing Claims, Chicago PMI, Pending Home Sales, Crude Inventories
Dec 30 Chicago PMI
Binary Options Trading analysis written by David Frank
Binary Options Daily Analysis – Upbeat US Data Continues to Push Stocks Higher
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
A drop in US unemployment claims helped push Asian markets higher on Friday. The Kospi climbed 1.1%, and the ASX 200 added 1.2%, led by materials stocks. The Shanghai Composite rose .9%, and Hong Kong’s Hang Seng advanced 1.4%, gaining 1.9% for the week. The Nikkei was closed for a holiday.
The equity rally continued in Europe, as the FTSE and CAC40 rallied 1%, while the DAX gained .5%. Oil and gas stocks were the largest gainers, as crude oil continued its recent advance.
Similar gains were achieved in the US. The Dow climbed 124 points, the S&P 500 gained .9%, and the Nasdaq rose .7%. Congress passed a 2 month extension on a payroll tax cut, which affects 160 million workers.
Dow Rallies 124 Points
Rambus shares jumped 12% after signing a licensing agreement with Broadcom.
Treasuries and Commodities
US bonds fell as equities gained. 10-year notes dropped 22/32 to yield 2.02%, and 30-year notes sank 1 16/32 to yield 3.06%.
Gasoline futures surged 1.8% to 2.6872, and crude oil inched up .15 to 99.68, while natural gas slumped 1.7% to 3.114.
Copper rallied 1.6%, boosted by the recent flow of upbeat housing data. Silver edged up .1% to 29.084, while gold slipped .3% to 1606.
Currencies
The major pairs traded in narrow ranges as the market prepared for the extended holiday weekend.. The Euro closed down fractionally at 1.3048, while the Swiss Franc, Australian Dollar, and Yen all edged up .1%. The British Pound was a notable mover, dropping .6% to 1.5588.
Economic Outlook
Yet another report suggested that the US housing market is finally beginning to recover, as new home sales edged up to 315K, better than last month’s 310K, and slightly above expectations.
Durable goods orders jumped 3.8%, blowing past forecasts of 2.2%, although core durable goods orders, which is more reliable, rose a mere .3%, below analyst expectations.
European and US markets will be closed on Monday for Christmas.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Upbeat US Data Continues to Push Stocks Higher
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
A drop in US unemployment claims helped push Asian markets higher on Friday. The Kospi climbed 1.1%, and the ASX 200 added 1.2%, led by materials stocks. The Shanghai Composite rose .9%, and Hong Kong’s Hang Seng advanced 1.4%, gaining 1.9% for the week. The Nikkei was closed for a holiday.
The equity rally continued in Europe, as the FTSE and CAC40 rallied 1%, while the DAX gained .5%. Oil and gas stocks were the largest gainers, as crude oil continued its recent advance.
Similar gains were achieved in the US. The Dow climbed 124 points, the S&P 500 gained .9%, and the Nasdaq rose .7%. Congress passed a 2 month extension on a payroll tax cut, which affects 160 million workers.
Dow Rallies 124 Points
Rambus shares jumped 12% after signing a licensing agreement with Broadcom.
Treasuries and Commodities
US bonds fell as equities gained. 10-year notes dropped 22/32 to yield 2.02%, and 30-year notes sank 1 16/32 to yield 3.06%.
Gasoline futures surged 1.8% to 2.6872, and crude oil inched up .15 to 99.68, while natural gas slumped 1.7% to 3.114.
Copper rallied 1.6%, boosted by the recent flow of upbeat housing data. Silver edged up .1% to 29.084, while gold slipped .3% to 1606.
Currencies
The major pairs traded in narrow ranges as the market prepared for the extended holiday weekend.. The Euro closed down fractionally at 1.3048, while the Swiss Franc, Australian Dollar, and Yen all edged up .1%. The British Pound was a notable mover, dropping .6% to 1.5588.
Economic Outlook
Yet another report suggested that the US housing market is finally beginning to recover, as new home sales edged up to 315K, better than last month’s 310K, and slightly above expectations.
Durable goods orders jumped 3.8%, blowing past forecasts of 2.2%, although core durable goods orders, which is more reliable, rose a mere .3%, below analyst expectations.
European and US markets will be closed on Monday for Christmas.
Binary Options Trading analysis written by Bradley Welcher