BinaryOptionStrategy Analysis - page 17
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Binary Options Daily Analysis – Crude Jumps Past $100, Equities Trade Narrowly
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets traded lower in thin trading, following Monday’s holiday closure of American and European markets. The Nikkei declined .5% to 8441, and the Kospi dropped .8% to 1842. China’s Shanghai Composite sank 1.1% to 2166 on extremely light volume. Markets in Australia and Hong Kong remained closed.
In Europe, the DAX edged up .2%, and the CAC40 closed up fractionally in light trading. Markets in the UK were closed for an extended weekend. Italy’s MIB index dropped 1% as regional banks fell following a weak bond auction.
Thin trading continued in the US, and is likely to last through the rest of the year. The Dow and S&P 500 closed little changed, while the Nasdaq rose .3% to 2625.
Sears Holdings tumbled 27% to 33.38 after announcing it would close more than 100 Sears and Kmart stores to cut costs.
Treasuries and Commodities
Bonds rose moderately, with 10-year notes up 6/32 to yield 2.00%, and 30-yeat notes up 18/32 to yield 3.03%.
Crude oil jumped 1.7% to 101.38, settling back above the highly watched $100 mark. Natural gas inched up .1% to 3.117, while gasoline closed down .2% at 2.6812.
Oil Rallies 1.7% to Settle Above $100
Metals fell, led by copper’s 1.6% drop to 3.4125. Silver slumped 1.5% to 28.65, and gold lost $11 to 1595.
Agricultural futures soared, with wheat climbing 3.9% and soybeans gaining 3.2%.
Currencies
Currency markets traded in very narrow ranges as the world remained on vacation. The Dollar settled mostly lower, as the Euro edged up .1% to 1.3068, and the Pound gained .3% to 1.5668. The Yen and the Swiss Franc both rose .2% to 77.87 and 1.0707 respectively. The Australian Dollar and the Canadian Dollar slipped fractionally.
Economic Outlook
Tuesday’s economic data was mixed. The Case-Shiller home price index showed house prices continued to drop, with the annual rate reaching 3.4%, slightly more than expected. The Richmond manufacturing index rose to 3 from last month’s zero reading, but fell shy of forecasts. Consumer Confidence jumped to 64.5 from last month’s 55.2 reading, blowing past analyst expectations.
No major economic data or earning reports are due on Wednesday.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Dollar and Bonds Surge, Commodities Tumble
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets extended their declines on Wednesday in very thin trading. Korea’s Kospi skidded .9% to 1825, the Nikkei edged down .2%, and the ASX 200 dropped 1.3%. The Hang Seng closed down .6% to 18519, while the Shanghai Composite managed a slight .2% gain.
European markets fell, pressured by an ECB report showing banks were increasingly depositing cash with the central bank, rather than lend to each other. The DAX tumbled 2%, the CAC40 slid 1%, and Italy’s MIB declined .7%. The FTSE closed flat, as gains in retailers offset losses from other sectors. An auction of 6-month Italian bonds was a major success, with yields dropping to 3.25%, compared to 6.5% just one month ago.
US stocks dropped sharply, with the Nasdaq and S&P 500 both dropping 1.3%, and the Dow losing 140 points to 12151.
A sales report by Comscore showed that retail sales for the holidays rose to $35 billion, up 15% from last year.
Treasuries and Commodities
Investors poured into US treasuries, pushing 10-year notes up 24/32 to yield 1.92%. 30-year notes surged 2 8/32, to yield 2.92%.
Metals dropped sharply, led by silver’s massive 5.9% drop to 27.06. Gold tumbled 2.5% to 1556.40, and copper declined 1.6% to 3.3545.
Crude oil erased yesterday’s gains, falling 1.8% to 99.53. Gasoline lost 1.5% to 2.649, and natural gas slipped .6% to 3.13.
Currencies
The Dollar surged, while European currencies plunged. The Euro dropped 1% to 1.2935, hitting a 1-year low, the Pound fell 1.4% to 1.5448, and the Swiss Franc sank .9% to 1.0607. The Australian Dollar declined .6% to 1.0090, and the Canadian Dollar slid .5% to 1.0244. The Yen slipped fractionally to 77.92.
Economic Outlook
Thursday’s economic calendar will include weekly unemployment claims, Chicago PMI, pending home sales, and weekly oil inventories.
No major earnings reports are due.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Stocks Rally as Housing Mark
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets traded mostly lower in anxious anticipation of an Italian auction for 10-year notes, later in the day. The Nikkei eased .3% to 8399, the ASX 200 closed down .4%. Korea’s Kospi ended flat, despite a disappointing factory output report. The Hang Seng slid .7% to 18398, while China’s Shanghai Composite managed a slight gain of .2%.
Meanwhile, European markets rallied, lifted by upbeat US economic data. The CAC40 jumped 1.8%, the DAX advanced 1.3%, and the FTSE rose 1.1%. Italy succeeded in selling 7 billion Euros of 10-year notes at 6.98%, an improvement from November’s 7.56% rate, but still incredibly high.
US stocks rose, with the Dow climbing 136 points to 12287. The S&P 500 gained 1.1%, and the Nasdaq closed up .9%.
Homebuilders surged following a jump in pending home sales data. Beazer jumped 7%, and Pulte climbed 6.1%.
Treasuries and Commodities
Bond prices rose for a second day. 10-year notes edged up 5/32 to yield 1.90%, and 30-year notes gained 13/32 to yield 2.9%.
Natural gas tumbled 3% to 3.028, while crude oil rose .3% to 99.65, despite a jump in oil inventories.
Gold sank 1.1% to 1547.60, extending its recent losses. Silver however, rallied 1.8% to 27.71, bouncing after Wednesday’s tumble. Copper settle up .4% at 3.38.
Gold Prices Continue to Drop
Currencies
The Dollar traded moderately lower against most currencies. The Euro recovered from a morning drop down to 1.2860, to settle at 1.2963, up .2%. The Canadian Dollar and Swiss Franc rose .3%, and the Yen gained .4% to 77.64. The British Pound declined .2% to 1.5416, but was well off its intraday low of 1.5364.
Economic Outlook
Pending home sales surged 7.3% in the last month, blowing past analyst expectations for a 1.7% gain. Chicago PMI was reported at 62.5, better than expected. Less impressively, weekly jobless claims were worse than the 372K forecast, rising to 381K from last week’s 366K.
No major economic reports or earnings releases are scheduled for Friday.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Report (Dec. 26- Dec. 30)
To read the Weekly fundamental analysis click here
Markets
Markets closed lower in the final trading day of a volatile year. The Dow finished higher for the year, while the S&P erased gains to close out the year basically flat.
The Dow Jones Industrial Average finished lower for the session, but finished in the black for 2011 as it saw its its biggest quarterly point gain in history. The S&P 500 and the Nasdaq also ended the session lower. The S&P erased its earlier gains for the year in the final minutes of trading, leaving the index basically unchanged for the year.
DJIA CHART
FOREX
The US Dollar Index is 0.80 percent lower from the open after moving 132 percent of its average true range, but we should see the Dollar regain its footing over the following week as it remains oversold. As the recovery in the States gathers pace, the economic docket for the week ahead is expected to reinforce an improved outlook for future growth, and the developments may support the greenback as the rise in private sector activity limits the Fed’s scope to conduct another large scale asset purchase program.
The economic docket for the following week is expected to show Non-Farm Payrolls increasing another 150K in December. However, the FOMC policy meeting minutes due out on Tuesday could prop up the Dollar should the central bank continue to soften its dovish tone for monetary policy. As the Fed carries its wait and see approach into 2012, we should see the central bank stick to ‘Operation Twist’, and the committee may look to conclude its easing in the following year as the economic recovery gradually gathers pace. However, as the sovereign debt crisis continues to drag on the world financial system, Fed Chairman Bernanke may keep the door open to expand the monetary policy further, and the central bank head may look to further expand the balance sheet in order to shield the world’s largest economy.The dollar should appreciate further in 2012 as the fundamental outlook for the US improves.
US Dollar Index
COMMODITIES
Crude futures closed lower Friday as traders eyed developments in Europe and Iran and their potential risks to global oil demand, but prices ended the year more than 8% higher after a strong Q4.
Crude for February delivery lost 82 cents, 0.8%, to close at $98.83 on the New York Mercantile Exchange. The exchange held a full session of trading Friday, but will be closed for the new year holiday on Monday.
For the year, crude futures gained 8.2% after climbing 25% for the quarter. Crude was trading below $80 at the end of September and closed out 2010 at $91.38 .
Gold climbed $25.90 to settle at $1,565.80 an ounce at the Comex division of the New York Mercantile Exchange. This move clinched an eleventh straight year of gains. The gold price traded as high as $1,582.80 and as low as $1546.20 an ounce.
Oil Chart
EQUTIES
McDonald’s was the top gainer for 2011, surging more than 30 percent, while Bank of America posted the biggest loss, plunging almost 55 percent. Sears identified 79 of the 100 to 120 Sears and Kmart stores it said earlier this week it would close, with the list split almost evenly between the two chains. Standard & Poor’s placed Sears’ credit rating on review for a possible downgrade, saying the retailer’s plan to close at least 100 stores may not do much to improve performance.
Binary Options Trading analysis written by David Frank
Fundamental Analysis and the Week Ahead
To read the Weekly technical report click here
ECONOMIC NEWS
This was a quiet non event week as most government offices were closed for the Holidays.
THE WEEK AHEAD
MONDAY: New Year’s Day observed—All markets closed
TUESDAY: ISM mfg index, construction spending, FOMC minutes
WEDNESDAY: Weekly mortgage applications, Challenger job-cut report, factory orders, auto sales
THURSDAY: ADP employment report, jobless claims, ISM non-mfg index, oil inventories, chain-store sales
FRIDAY: Non-farm payrolls
Binary Options Trading analysis written by David Frank
Binary Options Daily Analysis – Global Stocks Trade Mixed on Final Day of the Year
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets closed mixed on the last trading day of the year, but were sharply lower than their 2010 settling prices. The Nikkei gained .7% to 8455, closing the year down 17%. Australia’s ASX 200 slipped .4%, declining 14.5% in 2011. In China, the Shanghai Composite jumped 1.2%, but dropped 22% for the year. The Hang Seng edged up .2%, a minor change to the index’s 20% drop in 2011.
In Europe, the major indexes enjoyed moderate gains. The CAC40 climbed 1%, the DAX advanced .9%, and the FTSE edged up .1%. For the year, the indexes fell 18%, 15%, and 6% respectively. Regional banks were the biggest losers, shedding almost 40% over the past year.
US stocks closed lower in light trading. The Dow fell 69 points to 12218, trimming its 2011 gain to 5.5%. The Nasdaq eased .3%, slipping 1.8% for the year, and the S&P 500 closed down .4%, ending flat for 2011.
After a Wild Ride, S&P 500 Ends 2011 Exactly Where it Began
American Airlines parent, AMR, tumbled 32% on news the company would be delisted from the New York Stock Exchange, after filing for bankruptcy last month.
Treasuries and Commodities
110 and 30-year notes both rose a modest 6/32, putting the yield at 1.88% and 2.89% respectively.
Energy traded lower, led by natural gas, which fell 1.3% to 2.989. Crude oil dropped .8% to 98.93, while gasoline slipped .5% to 2.6574.
In contrast, metals rallied significantly. Silver jumped 2.2% to 27.915, gold advanced 1.7% to 1568.80 and copper climbed 2% to 3.436.
Currencies
The Yen surged .9% to 76.91, and the Pound rallied .8% to 1.5543, as the Dollar traded lower. The Australian Dollar gained .7% to 1.0209, and the Swiss Franc edged up .2% to 1.0660. The Euro closed flat at 1.2961.
Economic Outlook
Tuesday’s major reports will include the ISM manufacturing index, constructions spending, and the minutes from the last FOMC meeting. No major earnings reports are scheduled.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Stocks Surge on Opening Day of 2012
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
The year opened strongly for Asian markets, as investors were encouraged by upbeat Chinese PMI data. The Kospi surged 2.7% to 1875, and the ASX 200 climbed 1.1%, with materials stocks leading the gains. Hong Kong’s Hang Seng jumped 2.4% to 18877, as petroleum stocks rallied more than 4%. Markets in Japan and China were closed for holidays.
European markets gained as well, boosted in the afternoon by strong US data. The FTSE advanced 2.3%, the DAX rallied 1.5%, and the CAC40 rose .7%.
US stocks posted strong gains as well. The Dow jumped 180 points to 12397, the Nasdaq rallied 1.7%, and the S&P 500 climbed 1.6%.
Micron Technology garnered an upgrade from Barclays, sending the shares up 7.4%. JPMorgan upgraded Cisco to overweight, giving the shared 3.4% pop.
Treasuries and Commodities
Bond prices fell, as a renewed appetite for risk pressured fixed income. 10-year notes dropped 20/32 to yield 1.95%, and 30-year notes sank 1 20/32 to yield 2.97%.
Commodities rallied nearly universally, lifted by the strong manufacturing data. Crude oil surged 4.3% to 103.08 as a rise in tensions with Iran sent prices sharply higher. Gasoline jumped 3.6% to 2.7519, and natural gas edged up .1% to 2.992.
Silver posted an impressive 6% gain to 29.575, leading metals higher. Copper gained 2.6% to 3.526, and gold rose 2.5% to 1605.50.
Agricultural futures also posted strong gains. Sugar advanced 5.2%, and cotton settled up 4.4%.
Currencies
Investor optimism pressured the US Dollar, which fell across the board against major currencies. The largest gainer was the Australian Dollar, which traded up 1.3% to 1.0371. The Euro and Pound gained .9% to 1.3050 and 1.5648 respectively, while the Canadian Dollar and Swiss Franc rallied .8%. The Yen had a smaller .3% gain to 76.65.
Economic Outlook
In the US, the ISM manufacturing index rose to 53.9 from 52.7, slightly more than expected. Constructions spending rebounded after last month’s .2% decline, climbing 1.2%.
In the UK, Manufacturing PMI rose substantially, climbing to 49.6 from 47.7.
Wednesday’s reports will include monthly auto sales, factory orders, and weekly mortgage applications.
Earnings are due from chemical maker Mosaic, and Sonic Corp.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Upbeat Economic Data Helps US Markets Erase Losses
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets traded mixed on Wednesday, following Tuesday’s advance. For the gainers, the Nikkei rallied 1.2% to 8560, and the ASX 200 surged 2.1%, as mining giant BHP Billiton soared 4.1%. On the losing side, the Kospi declined .5%, the Shanghai Composite sank 1.4%, and the Hang Seng slid .8%
European banks tumbled 3.6%, weighing on the region’s indexes. The CAC40 slumped 1.6%, the DAX fell .9%, and the FTSE declined .6%. News that Italy’s largest bank, UniCredit, will need to raise 8 billion euros to meet capital requirements, pressured financials.
US markets traded lower at the open, but erased their losses as the day progressed. The Dow rose 21 points to 12418, while the S&P 500 and Nasdaq ended flat.
Dow Erases Morning Losses to Close Higher
Yahoo shares dropped 3.1% after naming Scott Thompson as its new CEO. Kodak shares tumbled 28% on news the company is headed for bankruptcy.
Treasuries and Commodities
Treasuries extended their declines. 10-year notes fell 12/32 to yield 1.99%, and 30-year notes dropped 1 6/32 to yield 3.04%.
Energy rallied, led by natural gas, which jumped 3.7% to 3.104. Gasoline gained 1.4% to 2.7823, and crude oil edged up .3% to 103.23.
Metals traded mixed. Copper fell 2.8% to 3.4315 and silver lost 1.6% to 29.09, while gold rose .8% to 1612.90.
Currencies
The Euro fell .9% to 1.2942, the Swiss Franc dropped 1% to 1.0620, and the Pound eased .2% to 1.5618, as debt fears hit European currencies. The Yen and Australian Dollar settled flat, while the Canadian Dollar ticked down .1% to 1.0124.
Economic Outlook
Vehicle sales remained at an annualized rate of 13.6 million, slightly above expectations, and factory orders increased by 1.8% after last month’s .2% decline.
Thursday’s heavy economic calendar will include the ADP employment report, the Challenger job-cut report, weekly jobless claims, ISM non-manufacturing data, and chain-store sales.
Earnings are scheduled for Apollo Group, Family Dollar, Monsanto, and Constellation Brands.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Commodities Fall Despite Strong US Data
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets traded mostly lower on Thursday, as concerns over Europe’s debt troubles resurfaced. The Nikkei dropped 71 points to 8489, the ASX 200 skidded 1.1%, and the Shanghai Composite fell 1% to 2149. Oil stocks helped offset losses in financials, with the Kospi easing a mere .1%, and the Hang Seng gaining .5%.
In Europe, stocks dropped once again, weighed down by banks. The CAC40 fell 1.5%, the FTSE lost .8%, and the DAX shed .3%. Italy’s MIB index tumbled 3.7%, as Italy’s leading bank, UniCredit, continued to drop.
US markets once again recovered from early losses. The Dow closed down 3 points, erasing a 130 point drop, while the Nasdaq climbed .8% and the S&P 500 rose .3%.
Dow Closes Flat, Bouncing Back from Morning Loss
Denndreon shares surged 39.8% after reporting a huge jump in revenues.
Zumiez rocketed up 17.6% after reporting impressive sales data. Macy’s climbed 3.9%, while Target fell 3% after missing sales forecasts.
Treasuries and Commodities
Bonds retreated for a 3rd day, despite the mounting European debt fears. 10-year notes edged down 4/32 to yield 1.99%, and 30-year notes fell 18/32 to yield 3.06%.
Natural gas dropped 3.9% to 2.975, as energy traded lower. Crude oil fell 1.43 to 101.79, and gasoline lost 1.6% to 2.7399.
Metals settled mixed, as copper fell .4% to 3.4205, while gold gained .8% to 1625.50, and silver rose .6% to 29.275.
Agriculturals fell sharply, with sugar losing 5.3%, wheat dropping 3.2%, and corn sinking 2.3%.
Currencies
The US Dollar rallied across the board, while the Euro fell to a 15-month low of 1.2771, down 1.2%. The Swiss Franc lost 1.1% to 1.0493, and the Pound dropped .8% to 1.5487. In the Pacific, the Australian Dollar declined 1% to 1.0252, and the Yen shed .6% to 77.22.
Economic Outlook
ADP payroll data showed a massive jump of 325K jobs last month, blowing past estimates for a 176K gain, and boding well for Friday’s official non-farm payroll report. Weekly jobless claims fell to 372K from last week’s 387K, slightly better than forecast.
Analysts expect the government to report a gain of 152K jobs over the last month in Friday’s payroll report. The unemployment rate is expected to rise to 8.7%.
Earnings are due from PriceSmart, Robins & Myers, and Commercial Metals.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Report (Jan. 2- Jan. 6)
To read the Weekly fundamental analysis click here
Markets
We saw a mixed day for the US markets on Friday. Still all major averages hada strong week. Markets were mixed even though we had a stong NFP report. Euro zone debt worries strongly overshadow the markets at this time. The Dow Jones lost 55.78 points, to close at 12,359.92. The S&P 500 lost 3.25 points,to close at 1,277.81. The NASDAQ rose 4.36 points, to close at 2674.22.
DJIA CHART
FOREX
The US Dollar surged against the Euro and other market peers. The rise was helped by a erosion in the Eurozone and good US economic data. NFP report added a surprising 200k jobs through the month of December. this move sent unemplyment rate to new lows and installing confidence in investors. It would appear that the momentum favours the USD but we should be aware of event risks that could make for a volatile US Dollar trading week, in short the EURUSD could be in for some volatility.
We have an empty US economic calendar which means investors will look at developments from euroope this week. Still, traders should not ignore any new comments made from the fromthe US Fed. Nor should they discount the late-week Advance Retail Sales data.
US Dollar Index
COMMODITIES
Crude lost 53 cents to close at $101.31 . Brent crude, lost 24 cents to finish at $112.50 . Gold rose $1.80 to settle at $1,621.90 an ounce.
Oil Chart
EQUTIES
Goldman Sachs was downgraded by Wells Fargo to market perform from outperform. Citigroup’s which has been trying to to sell its OneMain consumer lending unit to private equity buyers ended with no deal. Alcoa fell after the aluminum producer said it will cut its global smelting capacity by 12 percent. Best Buy lost 1.2 percent of same store sales, but shares still rose after its outlook was reaffirmed.
Binary Options Trading analysis written by David Frank