BinaryOptionStrategy Analysis - page 21
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Binary Options Daily Analysis – Stocks Gain as Greece’s Passes Austerity Bill
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets began the week on an up note, encouraged by Greece’s successful passage of an austerity bill. The Nikkei rose .6% to 8999, and the Kospi gained .6% as well, led by car makers. Australia’s ASX 200 rallied .9%, the Hang Seng advanced .5%, and the Shanghai Composite closed flat.
In Europe, stocks posted moderate gains, the region’s response to Greece’s austerity bill was muted.. The FTSE climbed .9%, as Cable & Wireless Worldwide soared 37% after Vodafone revealed it is considering a takeover bid for the company. The DAX gained .7%, and the CAC40 rose .3%.
Similar gains were achieved in the US. The Nasdaq led the advance climbing 1% to 2931. The Dow added 73 points to 12874, and the S&P 500 gained .7% to 1352.
Apple shares closed up 9.18 to 502.60, crossing the $500 mark for the first time, amid rumors the company may soon declare a dividend.
Apple's Recent Rally Pushes Shares Above $500
First Solar slumped 5% to 41.72 after Brigantine cut its rating to “hold” from “buy”.
Treasuries and Commodities
Bonds rose modestly, with 10-year notes up 4/32 to yield 1.97%, and 30-year notes up 15/32 to yield 3.12%.
Crude oil jumped 2% to 100.60, and gasoline gained .9% to 3.0025, while natural gas shed 1.7% to 2.434.
Silver edged up .3% to 33.69, while copper slid .6% to 3.8375, and gold closed flat.
Agricultural futures rallied, as wheat climbed 1.8%, soybeans jumped 1.9%, and corn added 1.2%.
Currencies
Currency markets traded in relatively narrow ranged on Monday. The Euro eased 8 pips to 1.3190, the Pound rose .1% to 1.5771, while the Yen and Swiss Franc traded flat. The Australian Dollar posted an outsized gain of .6% to 1.0734, and the Canadian Dollar rose .3% to .9992.
Economic Outlook
Tuesday’s economic calendar will include retail sales, import prices, and business inventories. Overseas, the ZEW economic sentiment index for Germany and the Euro zone is due.
Earnings are due from Good Year Tire, Metlife, Weight Watchers, and Zynga.
-Bradley Welcher
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Asian Stocks Rally, US Slides
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets jumped on Wednesday, as angst over Greece’s debt troubles waned. The Nikkei soared 2.3% to 9260, its highest level in August. In Korea,the Kospi rallied 1.1% to 2052, a 6-month high, as Samsung Electronics and Hynix Memory both surged more than 5%. Hong Kong’s Hang Seng rallied 2.1%, and the Shanghai Composite climbed .9%, encouraged by comments that China will continue to purchase European sovereign debt.
Nikkei Climbs 2.3% to 6-month High
European shares traded mixed. The CAC40 and DAX advanced .4%, while the FTSE slipped .1%. Heineken shares soared 3.7% and BNP Paribas jumped 4.1% after both companies exceeded analyst profit forecasts.
US stocks dropped, as investors shrugged off upbeat economic data. The Dow skidded 97 points to 12781, the Nasdaq dropped .6%, and the S&P 500 fell .5%. The minutes from the last FOMC meeting revealed that some Fed officials believe another round of asset buying will be needed to prop up the economy, spooking investors.
Apple shares skidded 2.3% to 497.67, pulling back from its record high.
Several companies surged on impressive earnings data. Comcast shares climbed 4.9%, Dean Foods rocketed up 10.3%, and Abercrombie & Fitch rallied 8.3% on upbeat earnings reports.
Zygna shares tumbled 17.8% despite reporting earnings which exceeded forecasts.
Treasuries and Commodities
Bonds traded mixed with 10-year notes up 2/32 to yield 1.93%, while 30-year notes slipped 6/32 to yield 3.10%.
Commodities traded mixed, with no clear direction within the major groups. In energy, crude oil advanced 1.2% to 101.94, and gasoline rose .8% to 3.0065, while natural gas slumped 3.8% to 2.436.
Gold gained .7% to 1729.10, silver inched up .1% to 33.39, while copper declined .2% to 3.806.
Currencies
The Euro fell .5% to 1.3067, and the Swiss Franc declined .3% to 1.0834. The Pound, Australian Dollar, and Canadian Dollar all closed within .1% of their previous close. The Yen ticked up .1% to 78.35 after Tuesday’s steep drop.
Economic Outlook
The Empire state manufacturing survey jumped to 19.5, blowing past forecasts of 14.7, and a sharp advance from last month’s 13.5 reading. The NAHB housing market index rose to 29, its highest level since 2007, another sign that the real estate market is turning around. Industrial production came in flat, below estimates for a .7% gain.
Thursday’s reports will include housing starts, PPI, the Philadelphia Fed survey, and weekly jobless claims.
Earnings are due from Agilent, Applied Materials, Baidu, GM, Nordstrom, and Waste Management.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Report (Feb. 13- Feb. 17)
To read the Weekly fundamental analysis click here
Markets
US markets closed mixed in a thin trade day ahead of a 3 day weekend holiday and admist some hope Greece will find a solution to its debt woes. The Dow was up 45.79 points to 12,949.87. This is just below the key 13,000 mark. The S&P 500 added 3.19 points, to close at 1,361.23. The Nasdaq shed 8.07 points, to close at 2,951.78.
DJIA CHART
FOREX
Surprisingly, the European Central Bank has participated in a Greek bond swap. However, bonds are simply being rolled over. Which means that the ECB will receive similar bonds at the same value.
The IMF has tentatively said that it will only contribute €13 billion of the €130 billion in the second bailout package. What does this mean? EU governments will have to contribute more. Given the recent statement form the Dutch, Finnish, and German governments, it is doubtful this will happen. Greece remians on the path of default. Question is… has it sped up?
EURUSD
COMMODITIES
Brent crude for April delivery closed at 119.58 a barrel. It was off 53 cents,after hitting 120.70. For the week, Brent crude rose 2.27. up 4 weeks in a row. Crude rose 1.74 and closed at 104.06. Gold was up 20.20 to close high at 1747.90.
Oil Chart
EQUTIES
Campbell Soup was after the soup maker posted better-than-expected quarterly earnings. Heinz also rose after the maker of Ketchup and other condiments reported earnings that beat estimates. General Millsfell off after the cereal maker said it is lowering is 2012 earnings forecast.
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 consumer prices climbed in January as gasoline prices rose. It is the index’s biggest gain in four months.Leading indicators rose in January, climbing to a 3-1/2 year high.
THE WEEK AHEAD
MONDAY: Presidents’ Day: US Markets Closed
TUESDAY: 2-yr note auction
WEDNESDAY: Weekly mortgage apps, existing home sales, 5-yr note auction
THURSDAY: Jobless claims, FHFA home price index, oil inventories, 7-yr note auction
FRIDAY: Consumer sentiment, new home sales
Binary Options Trading analysis written by David Frank
Binary Options Daily Analysis – Stocks Trade Higher on Greek Hopes, Economic Data
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Thursday’s rally on Wall Street gave Asian markets a boost on Friday. The Nikkei jumped 1.6% to 9384, the ASX 200 added .3%, and the Kospi gained 1.3%, as Samsung Electronics advanced 3.6% to a record closing high. In greater China, the Hang Seng rallied 1% to 21692, while the Shanghai Composite closed flat.
Expectations for an imminent Greek bailout lifted European markets. The DAX and CAC40 climbed 1.4%, and the FTSE edged up .3%. Shares in Lafarge, the world’s largest cement maker, soared 8.3% after the company announced it would cut costs to offset losses tied to Greece.
US stocks traded mixed in light trading, as traders prepared for the long weekend. The Dow added 46 points to 12950, the S&P 500 rose .2%, and the Nasdaq declined .3%.
Dow Rapidly Approaching 13000 Level
In the biotech world, Vivus shares surged 7.3% o hopes the FDA would approve its diet pill, while Gilead Sciences tumbled 14.3% after announcing disappointing news concerning its experimental Hepatitis C drug.
Heinz shares rallied 4.56% after beating analyst forecasts, and Campbell soup climbed 2.6% on solid earnings.
Treasuries and Commodities
Bonds traded modestly lower, with 10 and 30-year notes declining 6/32 to yield 2.00% nd 3.15% respectively.
Natural gas spiked 4.6% to 2.684, extending its gains from Thursday, as the wild volatility in natural gas continued. Crude oil gained .9% to 103.24, while gasoline fell 1% to 3.0156.
Copper slumped 2.2% to 3.708, leading metals lower. Silver fell .5% to 33.216, and gold edged down .1% to 1725.90.
Wheat advanced 2.4%, and corn rose .9%.
Currencies
The Yen continued to drop, shedding .8% to 79.57. The Pound rose .2% to 1.5831, and the Euro inched up .1% to 1.3148, while the Swiss Franc and Canadian Dollar traded flat. The Australian Dollar declined .4% to 1.0712.
Economic Outlook
Leading indicators rose to a 3.5 year high of 94.1, up .4%, posting its 4th straight monthly gain. CPI data showed prices rose .2%, slightly less than expected.
US markets will be closed on Monday for President’s Day.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – China Eases Reserve Requirements, Stocks Rally
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
China announced a new stimulus plan to cut bank reserve requirements, pushing up most markets in the region, although much of the initial gains did not last. The Nikkei advanced 1.1% to 9427, and the ASX 200 rallied 1.4%, as miners jumped, encouraged by the Chinese announcement. China’s Shanghai Composite rose as much as 1.3%, but closed up a mere .2%, and the Hang Seng declined .3%, as energy shares sold off. Korea’s Kospi inched up .1%, sliding back from a 6-month high.
European markets rallied, with the DAX leading the advance, climbing 1.5% to 6948. The CAC40 gained 1% to 3473, and the FTSE rose .7% to 5945. JPMorgan said the DAX is its preferred European index, contributing to outsized gains for the German benchmark.
DAX Climbs 1.5% Thanks to Nod by JPMorgan
US stock and bond markets were closed for Presidents Day.
Commodities
Metals advanced on expectations that China’s easing efforts will boost demand. Copper and silver climbed 1.1%, and gold rose .6% to 1735.50.
Oil surged 1.6% to 104.92, and gasoline traded up 1.2% to 3.0511, while natural gas sank 2.6% to 2.615.
Currencies
The Dollar declined, as expectations for a successful Greek bailout encouraged risk taking. The Euro advanced .7% to 1.3241, and the Swiss Franc push up .8% to 1.0967. The Australian Dollar rose .4% to 1.0752, and the Canadian Dollar gained .3%% to .9938. The Yen closed flat after touching a 6-month low of 79.70.
Economic Outlook
Tuesday’s sole report will be the Chicago Fed’s national activity index.
Earnings are due from Barnes & Noble, Cheesecake Factory, Chesapeake Energy, Dell, Home Depot, Kraft Foods, Macy’s, Saks, and Wal-Mart.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Greece Secures Bailout Package, Commodities Jump
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Greece received approval for its long awaited bailout package from lawmakers, but Asian markets traded mixed on the news. The Nikkei eased .2% to 9463, as Mazda shares tumbled 10% after announcing it would raise $2 billion in a share offering. The ASX 200 advanced .8%, the Hang Seng edged up .3%, and the Shanghai Composite climbed .8%. Korea’s Kospi closed flat, as significant losses in ship builders offset gains in other sectors.
European markets declined, as the Greek debt deal failed to inspire investors. The DAX shed .6%, the FTSE dropped .3%, and the CAC40 slid .2%.
The Dow briefly crossed the 13000 mark for the first time since May 2008, but failed to hold those gains as US stocks ended mixed. The Dow settled at 12966, up 16 points, the S&P 500 inched up .1% to 1362, while the Nasdaq slipped .1% to 2949.
Wal-Mart shares slumped 3.9% after reporting disappointing earnings.
Surging oil prices pressured airline stocks, sending US Airways and Delta Airways tumbling 11.4% and 7.2 respectively.
Treasuries and Commodities
Bond prices fell as the risk of a Greek default passed. 10-year notes declined 16/32 to yield 2.06%, and 30-year notes fell 1 4/32 to yield 3.21%.
Oil jumped 2.4% to 106.12, and gasoline advanced 1.7% to 3.066, while natural gas dropped 2.1% to 2.628.
Metals rallied across the board. Silver surged 3.5% to 34.37, copper bounced 3.1% to 3.8245, and gold traded up 2.1% to 1761.50.
Silver Rallies 3.5%
Currencies
The Australian Dollar dropped .7% to 1.0666, despite the spike in metal prices, as the US Dollar gained. The Pound slipped .4% to 1.5784, the Canadian Dollar declined .3% to .9966, and the Yen eased .1% to 79.72. The Euro and Swiss Franc closed flat.
Economic Outlook
Wednesday’s key report will be existing home sales, which analysts expect to rise to an annualized rate of 4.66M. Also due are weekly mortgage applications.
Earnings are due from Dollar Tree, Hertz, Hewlett-Packard, Limited Brands, MGM, and Toll Brothers.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Asia Gains, West Slips, on Mixed Economic Data
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Chinese manufacturing climbed to its highest level in 4 months, encouraging markets around the region. The Nikkei advanced 1% to 9554, with exporters gaining as the Yen moved back above the psychologically significant 80 level. The Shanghai Composite rallied .9% to 2404, the Hang Seng edged up .3%, and the Kospi rose .2%. In Australia, the ASX 200 erased early losses to close flat.
Meanwhile, European markets skidded on weaker than expected economic data. The service sector’s PMI data unexpectedly contracted, slipping to 49.4 from last month’s 50.4 reading. The DAX slumped .9%, the CAC40 dropped .5%, and the FTSE eased .2%.
Fitch cut its rating on Greece to C from CCC, explaining that a near term default is highly likely, despite the recent bailout efforts.
US stocks traded moderately lower as well. The Nasdaq shed .5% to 2933, the Dow slipped 27 points to 12937, and the S&P 500 declined .3% to 1358.
Dell plummeted 5.8% after earnings fell short of estimates.
Treasuries and Commodities
Concerns over the euro zone helped propel bonds higher. 10-year notes gained 16/32 to yield 2.00%, and 30-year notes advanced 1 12/32 to yield 3.14%.
Commodities traded mixed with no clear direction. Crude oil eased .3% to 105.98, while natural gas gained 1.5% to 2.665.
Crude Oil's Recent Rise to $106
Gold rallied 1.2% to 1779.30, while silver ticked up fractionally, and copper settled flat.
Wheat climbed 1.8%, while cotton slumped 2.6%, and coffee fell 2%.
Currencies
The Dollar traded mostly higher against global currencies. The Pound sank .7% to 1.5668, the Australian Dollar fell .3% to 1.0635, and the Swiss Franc lost .2%. The Yen declined .7% to 80.29. The Euro inched up .1% to 1.3244, after trading in a narrow range all day.
Economic Outlook
January’s existing home sales data was strong, rising by 4% to a 1.5 year high. However, the gains were based on a steep downward revision of December’s data, so the results fell shy of expectations. Mortgage applications declined last week.
Thursday’s reports will include weekly unemployment claims, the FHFA home price index, and weekly inventory data for crude oil and natural gas.
Earnings are expected from AIG, Autodesk, Crocs, Dillard’s, Dish Network, Gap, MetroPCS, Marvell, Officemax, Safeway, Salesforce, Target, and WebMD.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Report Suggests Europe Headed for Another Recession
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 doubts over Europe’s economic health weighed on stocks. The Kospi slumped 1% as heavyweight Samsung Electronics tumbled 3% in a broad tech drop. The ASXX 200 slipped .2%, ending a 4-day winning streak, and the Hang Seng closed down .8% to 21381. China’s Shanghai Composite managed a gain of .3% and the Nikkei rose .4% to 9596.
European markets traded mixed as DAX declined .5% to 6809, the FTSE gained .4%, and the CAC40 traded flat. A European Commission report indicated that Europe is headed for a second recession, with an expected contraction of .3% over the next year. Shares in Belgian bank, Dexia, slumped 6.5%to 6.5% after saying it may go out of business.
US stocks advanced, as stocks recovered from early losses. The Dow added 46 points to 12985, the Nadaq climbed .8% to 2957, and the S&P 500 rose .4 to 1363.50.
Shares in Vivus, surged 77.5% after an FDA panel endorsed approval of its diet pill, Qnexa.
HP shares sank 6.5% after reporting disappointing earnings, and Kohl’s dropped 5.9% after missing analyst profit forecasts.
Treasuries and Commodities
Bonds ticked up slightly, with 10-year notes up 4/32 to yield 1.99%, and 30-year notes up 9/32 to yield 3.13%.
Crude oil extended its recent advance, climbing 1.7% to 108.05, despite an larger than expected gain in inventories. Gasoline gained 1% to 3.119, while natural gas slipped 1.2% to 2.611.
Silver rallied 3.4% to 35.415, and gold edged up .6% to 1781.40. Copper declined .6% to 3.8125.
Currencies
The Euro rallied .9% to 1.3367 despite the negative outlook for the region. , The Swiss Franc climbed .9% as well, and the Australian Dollar rose .7% to 1.0706. The Pound and Yen both gained .4%, to 1.5736, and 79.98 respectively.
The Euro Gained another .9%, adding to its Recent Rally
Economic Outlook
Weekly unemployment claims were flat from last week at 351K, marginally better than forecast. The OFHEO home price index rose by .7% more than the .2% expected.
Friday’s reports will include new home sales, and consumer sentiment.
Earnings are expected from Endo Pharmaceuticals and JC Penney.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Report (Feb. 20- Feb. 24)
To read the Weekly fundamental analysis click here
Markets
Markest closed mixed another dull day on Friday. this comes as investors are still wary ahead of a long. The Dow lost 1.74 points to close at 12982.95. The S&P 500 saw it s best close in 3 and a half years, asi it gained 2.28 points, to close at 1,365.74, The Nasdaq rose 6.77 points to close at 2,963.75.
DJIA CHART
FOREX
The Yen continued to rise this week with the USD/JPY gaining more than 2.1% by the. The yen’s decline has been against all of its major counterparts. While the moves in the yen have been strong, the currency is expected to remain under pressure.
Next week traders will be closely eyeing data out of Japan. We will see industrial production and key inflation data being released. Consensus estimates call for production to contract by 1.6% y/y, up from a previous contraction of 4.3% y/y with inflation expected to come in at -0.1% y/y from a previous read of -0.2% y/y. Although we are expecting to see the headline inflation print to contract by just 0.1% y/y, the recent trend in overall price growth, or lack thereof, could produce a larger than expected contraction, fueling ongoing deflationary concerns.
USD/JPY
COMMODITIES
Oil is approaching last year’s highs. This comes as tensions increase over Iran’s nuclear program. West Texas crude was up 1.94 to clsoe at 109.77 . Brent crude rose by $1.85 to closed at 125.47. Gold closed lower Friday by 9.70 to finish the week at 1780.30.
Oil Chart
EQUTIES
JC Penney lost early gains to close lower even after the clothing retailer reported earnings that beat estimates. Gap lost ground after the retailer reported a 40 percent decline in Q4 net income. Gap was hurt by higher costs and heavy discounts during the holiday season. Sears jumped for a second day to lead the S&P 500 after the retailer announced several moves to increase liquidity. They will sell 11 stores to General Growth Properties for $270 million, and the spinoff of 1,250 Hometown and Outlet.
Binary Options Trading analysis written by Bradley Welcher