BinaryOptionStrategy Analysis - page 19
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Binary Options Report (Jan. 9- Jan. 13)
To read the Weekly fundamental analysis click here
Markets
Markets had a quiet day on friday. This coomes as traders are uneasy after some weak earnings reports.
All three major US indices we up adding two percent for the week. This comes as ongoing trepidation over the Euro zone debt crisis. The Dow Jonesrose96.50 points, to close at 12,720.48. The S&P 500 rose0.88 points to close at 1,315.38. The Nasdaq lost 1.63 points to finish at 2,786.70.
DJIA CHART
FOREX
The US Dollar lost much ground this week. The Euro showed signs of life against the Dollar . It will be important to watch events out of the US this coming week as it could impact the Dollar further.
We will be watching the US Fed’s policy setting decision on Wednesday and end-of week GDP data. The Fed is very unlikely to change interest rates or monetary policy, but it will unveil a new tool in its arsenal: interest rate forecasts. FOMC members will show when they interest rates will be raised through 2016.
EURUSD
COMMODITIES
Crude was down $1.93 to close at $98.46 .The market was down 0.2% for the week. On Friday, gold was u $9.60 to close at $1664.00.
Oil Chart
EQUTIES
Google fell sharply to lead the S&P laggards after the Internet giant’s results failed to reach Wall Street estimates. goole had beaten on revenue for eight consecutive quarters. Talbots jumped over 15 percent amid takeover talks from Golden Gate. General Motors reclaimed again the top spot as the world’s best selling maker of autos
Binary Options Trading analysis written by David Frank
Fundamental Analysis and the Week Ahead
To read the Weekly technical report click here
ECONOMIC NEWS
Out of europe, debt ridden Greece is in talks with private creditors over the details of a haircut on some of its bonds. Out of the US, existing home sales rose 5 percent in December. This gauge is now hitting a 11-month high. it is also seeing its third-straight month of an increase.
THE WEEK AHEAD
MONDAY: EU finance ministers meet in Brussels
TUESDAY: 2-yr note auction, FOMC meeting begins, Obama’s State of the Union address
WEDNESDAY: Weekly mortgage apps, FHFA house price index, pending home sales, oil inventories, FOMC meeting announcement, Bernanke press conference
THURSDAY: Durable goods orders, jobless claims, new home sales, leading indicators, 7-yr note auction
FRIDAY: GDP, consumer sentiment
Binary Options Trading analysis written by David Frank
Daily Analysis – Asia Rallies, Western Markets end Mixed
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets advanced on Friday, shrugging off a weak PMI report from China. The Nikkei rallied 1.5% to 8766, and the Kospi surged 1.8%, both settling at their highest close in months. The Shanghai Composite climbed 1% to 2319, and the Hang Seng gained .8% to 20110, reaching a 3.5 month high as it crossed back above the 20000 mark. Australia’s ASX 200 lagged slightly behind, rising .6%.
In Europe, stocks closed slightly lower, but closed higher for the week. The FTSE, DAX, and CAC40 all eased .2%,
US stocks ended mixed as investors reacted to a heavy dose of earnings news. The Dow rallied 97 points to 12720, the S&P 500 gained .1%, while the Nasdaq closed down fractionally. The VIX tumbled 8% to 18.28.
Dow Rallies 97 Points on Strong Earnings News
Google shares tumbled 8.4% to 586, after falling short of analyst estimates. The company had beaten estimates on revenue for 8 straight quarters.
Microsoft and IBM shares advanced on solid earnings reposts, gaining 5.7% and 4.4% respectively.
Talbots shares rocketed up 18.6% on takeover rumors.
Treasuries and Commodities
Bonds fell for a 3rd straight day, with 10-year notes down 13/32 to yield 2.02%, and 30-year notes down 1 4/32 to yield 3.10%.
Natural gas managed to break its losing streak, rising .9% to 2.343. Crude oil slumped 2.2% to 98.33, and gasoline decline 1.1% to 2.7844.
Metals closed mixed as well. Silver surged 3.8% to 31.675, and gold gained .6% to 1664, while copper fell 1.5% to 3.745.
Currencies
The Pound advanced .6% to 1.5574, thanks to upbeat retails sales data which showed a gain of .6%, after last month’s .5% decline. The Australian Dollar rallied .7% to 1.0494. The Euro slipped .3% to 1.2935, settling in the middle of its daily range, while the Yen ticked up .1% to 77.03.
Economic Outlook
Existing home sales rose by 5% to an annualized rate of 4.61M, up from last month’s 4.39M reading, but fell slightly short of analyst forecasts.
No major economic reports are due on Monday. Earnings are due from Halliburton, Texas Instruments, VMWare, and Western Digital.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Commodities Gain, Dollar Slips on Greek Debt Hopes
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Many Asian markets were closed on Monday for the Lunar New Year. In Japan, the Nikkei closed flat at 8766, and Australia’s ASX 200 slipped .3% as miners fell.
European markets advanced on news that Greece was close to reaching a deal with debt holders. The FTSE climbed .9%, while the CAC40 and DAX gained .5%. The European banking index surged 3.9% amid rumors that France and Germany were calling for a relaxation of capital requirements.
US markets closed mixed in light trading. The Dow and Nasdaq declined .1%, while the S&P 500 edged up fractionally.
Research in Motion tumbled 8.5% after the company’s CEO resigned over the weekend.
Treasuries and Commodities
Bond prices continued to fall, dropping for a fourth straight session. 10-year notes slipped 11/32 to yield 2.07%, and 30-year notes fell 28/32 to yield 3.14%.
Natural gas soared 9% to 2.554 in a powerful bounce following the recent collapse in prices. Crude oil gained 1.55 to 99.88.
Natural Gas Soars 9%
Silver jumped 2% to 32.30, copper climbed 1.7% to 3.8085, and gold advanced .8% to 1676.50.
Currencies
The Euro crossed back above 1.30 to 1.3031, up .7% amid hopes for a Greece debt deal. Similarly, the Swiss Franc gained .8% to 1.0792. Both the Australian and Canadian Dollar rose .5%, while the Yen and Pound settle little changed.
Economic Outlook
Tuesday’s lone report is the Richmond manufacturing index, which is expected to rise from 3 to 6. The Fed will begin their 2-day meeting on Tuesday.
President Obama’s State of the Union address will take place in the evening.
Earnings are scheduled for Apple, AMD, Coach, McDonald’s, Travelers, Verizon and Yahoo.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – European Officials Reject Greek Debt Deal
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Binary Options Daily Analysis – European Officials Reject Greek Debt Deal
Equities
In Asia, markets in Korea, China, and Hong Kong remained closed for the Lunar New Year. The Nikkei rose .3% to 8985, as Elpida Memory soared 4% on hopes for a successful merger with Micron Technology. The ASX 200 closed flat, surrendering earlier gains.
European shares declined as hopes for a Greek debt deal began to fade, after finance ministers rejected an offer from private debt holders. The FTSE and CAC40 fell .5%, and the DAX eased .3%, despite an upbeat PMI report which rose to its highest level in 4 months.
In the US, the major indexes closed mixed. The S&P 500 snapped its 5-day winning streak, slipping .1%, while the Dow ticked down 33 points to 12676. The Nasdaq posted a modest .1% rise.
Travelers’ shares fell 3.8% after reporting earnings which were weaker than expected. Texas Instruments reported chip sales that beat expectations, but the shares still fell 2%.
Treasuries and Commodities
Bonds extended their losing streak to 5 straight days, with 10-year notes down 1/32 to yield 2.05%, and 30-year notes down 7/32 to yield 3.14%.
Yields rise on 30-year notes as prices fall for 5 straight days
In energy, natural gas climbed 1% to 2.551, gasoline advanced 1.2% to 2.8121, while crude oil slipped .4% to 98.15.
Metals traded mostly lower. Gold dropped .7% to 1665.90, and silver lost 1% to 31.96. Copper managed a modest .3% gain to 3.81.
Currencies
The Dollar traded mixed against world currencies, as traders paid little mind to the disappointing news from Greece. The Yen slumped 1% to 77.72 against the dollar, and the Australian dollar declined d.5% to 1.0477, while the Pound rose .3% to 1.5616. The Euro inched up 7 pips to 1.3026, and the Canadian Dollar edged up .1% to 1.0100.
Economic Outlook
The Richmond manufacturing index blew past forecasts, surging to 12 from last month’s reading of 3. Analysts had expected the index to rise to 6.
Wednesday’s economic data will include the OFHEO home price index, pending home sales, weekly mortgage applications, and weekly oil inventories.
In the afternoon, the Fed will issue its rate statement and hold a press conference.
Wednesday’s heavyweight earnings schedule will include reports from Abbott, Boeing, Citrix, Corning, Etrade, General Dynamics, Hess, Motorola, Netflix, Sandisk, Symantec, United Technologies, and Xerox.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Fed Pledges to Keep Rates Steady Until 2014
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Outstanding earnings from Apple on Tuesday evening helped propel Asian markets higher on Wednesday. The Nikkei rallied 1.1% to 8840, as a drop in the Yen boosted exporters such as Sony, which surged 4.8%. The ASX 200 climbed 1.1%, and the Kospi inched up .1%. Markets in China and Hong Kong remained closed for the Lunar New Year.
Concerns over Greek’s debt situation pressured European banks, sending the FTSE down .5% and the CAC40 down .3%. Nonetheless the DAX managed a slight gain. The European mobile sector fell after Ericsson missed profit forecasts.
US stocks advanced in the afternoon, thanks to a commitment from the Fed not to raise interest rates for at least 2 years. Tech shares led the advance, as the Nasdaq gained 1.1% to 2818. The Dow rose 83 points to 12759, and the S&P 500 closed up .9%.
Apple shares surged 6.2% to 446.66 after reporting earnings which exceeded analyst forecasts. 15 brokerage firms raised their targets on the stock, which settled at an all time closing high.
AMD gained 3% after beating estimates for earnings, although revenue fell short of forecasts.
Treasuries and Commodities
Bonds snapped their losing streak, as fears of interest rate hikes were dispelled by the Fed. 5-year notes jumped 15/32 to yield .80%, and 10-year notes gained 17/32 to yield 2.00%. In Europe, German bonds rallied, with 10-year notes up .435 and 30-year notes up 1.165.
Wild swings continue to dominate natural gas’s price chart. On Wednesday, natural gas soared 7.4% to 2.74. Gasoline climbed 1.5% to 2.846, and crude oil rose .9% to 99.86.
Metals posted impressive gains, led by silver’s attention-grabbing 4.1% gain. Gold soared 2.8% to 1711.30, and copper rose 1.3% to 3.8565.
Currencies
The Australian Dollar jumped 1.2% to 1.0606, as the US Dollar fell against its peers. The Euro and Canadian Dollar both rose .6% to 1.3115 and 1.0039 respectively, and the Pound gained .3% to 1.5670. The Yen eased fractionally to settle at 77.72, and the Swiss Franc advanced .7% to 1.0858.
Economic Outlook
Pending home sales fell 3.5% in December, following November’s 7.3% advance. On the plus side, the OFHEO home price index rose by 1%, more than expected.
Thursday’s economic calendar will include durable goods, weekly jobless claims, new home sales, and leading indicators.
Earnings are due from many major companies including AT&T, Bristol-Myers, Caterpillar, 3M, Juniper, JetBlue, Maxim, Motorola Mobility, Raytheon, Starbucks, and Time-Warner Cable.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – European Shares Rally on Hopes for Greek Debt Plan
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets traded mostly higher, encouraged by the Fed’s commitment to keep interest rates unchanged through 2014. The Hang Seng soared 1.6% as Hong Kong’s markets returned from the Lunar New Year Holiday, although volume was light, since China’s markets will remain shut until Monday. The Kospi edged up .3% despite weak 4th quarter GDP data. Meanwhile, the Nikkei skidded .4% to 8849, and markets in Australia were closed
European markets posted strong gains on hopes that Greek debt negotiations were progressing. The DAX surged 1.8%, the CAC40 climbed 1.5%, and the FTSE gained 1.3%. Shares in retailer, Carrefour, jumped 7.5% on rumors of a change in management, and Nokia shares rallied 3.1% on strong earnings data.
Germany's DAX Jumps 1.8%
US stocks pared early gains to close lower. The Dow slipped 22 points to 12735, the Nasdaq dropped .5%, and the S&P 500 fell .6%.
Netflix shares surged 22% to 116.01 after announcing subscriber growth which exceeded forecasts. AT&T fell 2.5% on weaker than expected profits.
Treasuries and Commodities
Bonds rallied, with 10-year notes up 16/32 to yield 1.94%, and 30-year notes up 1 4/32 to yield 3.09%.
Portuguese debt yields hit record highs amid growing expectations that the country will be unable to meet its obligations. 5-year notes rose to yield an outrageous 20.25%, while 10-year notes yielded 15.2%.
Crude oil rose .5% to 99.87, and gasoline futures climbed .6% to 2.8505. Natural gas plummeted 5% to 2.592 as the wild daily swings continued.
Metals advanced, led by copper, which posted a 1.5% gain to 3.885. Gold rose 1.2% to 1720.40, and silver closed up .7% at 33.355.
Currencies
Currencies traded in narrow ranges, as the dollar fell modestly. The Australian dollar, Japanese Yen, and Canadian dollar all gained .3%, and the Pound edged up .2% to 1.5691. The Euro inched up 6 pips to 1.3106, while the Swiss Franc rose .2% to 1.0865.
Economic Outlook
Thursday’s economic data was mixed. Weekly jobless claims were 6K more than expected, rising to 371K from last week’s 351K reading, and new home sales fell to 307K from last month’s 314K. On the bright side, durable goods orders rose 2.1%,, and core durable goods order jumped by 3%, both better than forecast.
Friday’s reports will include advance GDP, which is expected to indicate growth of 3%. Also due is consumer sentiment from the University of Michigan.
Friday’s earnings report schedule will include Altria, Amgen, Chevron, Ford, Honeywell, Procter & Gamble, and T Rowe Price.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Report (Jan. 23- Jan. 27)
To read the Weekly fundamental analysis click here
Markets
The markets finished Friday a bit mixed as weak economic and earnings reports scared investors. Further fears out of the Euro zone were no help. The Dow Jones was off 74.17 points, and closed at 12,660.46. The S&P 500 paired losses but was off by 2.10 points, or 0to close at1,316.33. The Nasdaq rose 11.27 points to close at 2,816.55.
DJIA CHART
FOREX
This week will featre an important European summit. Also, we have US employment data due out which should make it an interesting week for forex markets. .
The EURUSD never looked back as it ended near fresh multi month highs at the close of Friday. Can it sustain this recovery?
A European summit on Monday could be a key factor in the Euro as we enter February. On Friday, the NFP are released in the US. These will highly influencethe broad financial markets. . Markets are tired of listening to Angela Merkel, Nicolas Sarkozy, and fellow Euro Zone leaders commit to vague action plans for the sake of the Euro Zone. In other Can Monday’s summit finally give us some solid indication of a game plan to save the Euro Zone? If not… the Euro recover can be in real trouble.
EURUSD
COMMODITIES
Oil was off 14 cents andclosed at $99.56 after hitting $100.63. Brent rose 67 cents to end at $111.46. Gold rose Friday by 9.40 to close at 1663.70 and ounce on the COMEX.
Oil Chart
EQUTIES
Among the Dow components, Caterpillar was the biggest winner and Travelerswas the biggest loser for the day. Chevron was down sharply after the oil giant reported lower-than-expected earnings, due to rising spending on oil and gas projects offset gains from rising crude prices. Ford also posted lower-than-expected earnings on disappointing results outside North America and rising commodity costs.
Binary Options Trading analysis written by David Frank
Fundamental Analysis and the Week Ahead
To read the Weekly technical report click here
ECONOMIC NEWS
Fitch is downgrading downgrading Italy, Spain, Belgium, Cyprus and Slovenia, on economic headwinds from the euro zone’s debt crisis. Out of the USthe GDP expanded at a 2.8 percent annual rate, logging its fastest pace in 1-1/2 years in Q4. However, this missedexpectations for a 3.0 percent gain.
The consumer sentiment index rose to a 11-month high in January, climbing to 75, from December’s reading of 69.9.
THE WEEK AHEAD
MONDAY: Personal income & spending, Dallas Fed mfg survey
TUESDAY: Employment cost index, S&P Case-Shiller home price index, Chicago PMI, consumer confidence, Florida GOP Primary vote
WEDNESDAY: Weekly mortgage applications, Challenger job-cut report, ADP employment report, Fed’s Plosser speaks, ISM mfg index, construction spending, oil inventories, auto sales
THURSDAY: Jobless claims, productivity and costs, Fed’s Fisher speaks, chain-store sales
FRIDAY: Employment situation, factory orders, ISM non-mfg index
Binary Options Trading analysis written by David Frank
Binary Options Daily Analysis – US GDP Improves, by Falls Short of Forecasts
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets traded mostly higher on Friday. The Kospi advanced .4% to 1965, a 6-month high, boosted by Samsung’s record profits. Similarly, the ASX 200 gained .4%, as a rebound in metal prices lifted miners. The Nikkei eased a mere .1% to 8841, despite steep losses from NEC, Nintendo, and Elpida Memory. The Hang Seng closed flat, while China’s Shanghai Composite remained closed for the Lunar New Year.
Disappointing GDP data from the US weighed on European shares in the afternoon. The CAC40 fell 1.3%, the FTSE lose 1.1%, and the DAX slipped .4%.
US GDP grew at 2.8% in the fourth quarter, the fastest pace in nearly 2 years. The data was slightly below the 3% expected by analysts, but far better than last quarter’s 1.8% growth.
US indexes settled mixed, as the Dow lost 74 points to 12660, and the S&P 500 slipped .2%, while the Nasdaq gained .4%. Several disappointing earnings reports weighed on stocks. Dow-component, Chevron, fell 2.5% after reporting earnings that fell short of forecasts. Ford sank 4.2% on weak earnings, and Juniper Networks dropped 3% after issuing a weak outlook.
Dow Sinks 74 Points
A report in the Wall Street Journal said Facebook may file for an IPO as soon as next week.
Treasuries and Commodities
Bonds rallied for a 3rd day. 10-year notes gained 11/32 to yield 1.89%, and 30-year notes advanced 20/32 to yield 3.06%.
Crude oil dipped .1% to 99.56, while the rest of energy rallied. Natural gas surged 3.8% to 2.756, and gasoline climbed 2.8% to 2.9268.
Gold ticked up .3% to 1732.30, and silver edged up .1% to 33.79. Copper posted a slight loss of .3%, settling at 3.889.
Currencies
The Dollar sank against global currencies, as the disappointing GDP data pressured the greenback. The Euro and Swiss Franc advanced .9% to 1.3220 and 1.0958 respectively. The Yen jumped 1% to 76.68, reversing its losses from earlier in the week. The Pound and Australian Dollar both edged up .3%.
Economic Outlook
Consumer Sentiment rose to 75 from last month’s 74, more than expected.
Monday’s economic calendar will include data on Personal income & spending, and the Dallas Fed manufacturing index.
Earnings are due from Acer, Baidu, Graco, and Wendy’s.
Binary Options Trading analysis written by Bradley Welcher