BinaryOptionStrategy Analysis - page 24
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Weak PMI Data from China and Europe Weighs on Stocks and Commodities
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
PMI data from China showed industrial activity slowed for a fifth straight month, reinforcing concerns of a slowdown in the region. Nonetheless, consumer stocks gained after the Ministry of Commerce in China said consumption is likely load growth in China. The Shanghai Composite eased .1%, and the Hang Seng rose .2% to 20902. The Nikkei rose .4% to 10127, the ASX 200 advanced .5%, and the Kospi closed down fractionally.
European markets skidded, as negative news from China and and the Euro zone unsettled investors. The CAC40 tanked 1.6%, the DAX sank 1.3%, and the FTSE shed .8%. PMI data from Germany and France, a showed an unexpected drop in manufacturing, stoking fears of another recession. Materials stocks tumbled, dropping 3.4%.
US stocks closed lower, but fared better than their European counterparts. The Dow lost 78 points to 13046, the S&P 500 dropped .7%, and the Nasdaq fell .4%.
Fedex dropped 4.5% after the company lowered its outlook for the year, due to the weak economy.
Western Digital jumped 6.6% after Needham upgraded the company to “strong buy”.
Treasuries and Commodities
Bonds extended their gains, with 10-year notes up5/32 to yield 2.28%, and 30-year notes up 14/32 to yield 3.36%.
Weak global PMI data sent commodities lower. Oil dropped 1.6% to 105.53, natural gas plummeted 4.2% to 2.261, and gasoline eased .3% to 3.3473.
Copper shed 1.9% to 3.7725, silver fell 2% to 31.58, and gold ticked down .3% to 1645.30.
Copper Drops 1.9% on Industrial Slowdown
Agricultural futures fared better, as sugar rallied 2.3% and wheat climbed 1.6%.
Currencies
The Yen surged 1% to 82.57 as growth currencies triggered a flight to safety. The Australian Dollar fell .6%, to 1.0396 and the Canadian Dollar slumped .7% to .9992 as the two commodity currencies dropped. The Euro and Swiss Franc both eased .1%, and the Pound declined .3% to 1.5820.
Economic Outlook
Despite the weakness overseas, the US economy continues to show signs of a modest recovery. Weekly jobless claims fell to 348K, 5K better than last week, and leading indicators rose .7%, better than forecast.
Friday’s sole report will be new home sales, which are expected to rise to 326K from 321K.
Earnings are due from Darden Restaurants, and KB Home.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Report (March 19- March 23)
To read the Weekly fundamental analysis click here
Markets
Stocks closed higher Friday, but the Dow and S&P posted their worst weekly loss for the year. This comes as investors are afraid over a slowdown fears in China and weak economic news from the EU.
The Dow was up 34.59 points to close at 13,080.7. The S&P 500 rose 4.33 points, close at 1,397.11. The Nasdaq rose 4.60 points to close at 3,067.92.
DJIA CHART
FOREX
The US Dollarlooked as though it would break above key 8 month highs and end its downtrend. However, a significant turnaround leaves the dolalr open for even more losses into the final week of March trading. .
The past week looked as though we would see losses in the S&P 500 and US Dollar gain. Hoever, the opposite happened. Up coming economic event risk remains limited in the week ahead. Still, any surprises in final revisions to Q4, 2011 US GDP or Federal Reserve commentary could cause some major moves.
US Dollar Index
COMMODITIES
US crude oil futures rose more than 1 percent on Friday. This comes as some buyers have either ceased or scaled back imports of Iranian oil due to Western sanctions. Gold lost 3.30 points to end at 1655.80 on Friday.
Oil Chart
EQUTIES
KB Home lost after the homebuilder posted an unexpected decline in orders, hurt by rising cancellations in the Q1. Rivals Pulteand Toll Brothers also fell.
Micron Technology fell after the chipmaker posted a quarterly loss. they said low prices for its products has yet to recover. Rivals SanDisk and Texas Instruments also dipped.
Binary Options Trading analysis written by David Frank
Fundamental Analysis and the Week Ahead March 24th
To read the Weekly technical report click here
ECONOMIC NEWS
New home sales posted an unexpected loss of 1.6 percent to a seasonally adjusted 313,000-unit annual rate in February. Economists had expected sales at a 325,000-unit rate.
THE WEEK AHEAD
MONDAY: Fed’s Plosser speaks, Bernanke speaks, Chicago Fed national activity, pending home sales index, Dallas Fed mfg survey
TUESDAY: S&P Case-Shiller home price index, consumer confidence, 2-yr note auction, Fed’s Rosengren speaks
WEDNESDAY: Weekly mortgage apps, durable goods orders, oil inventories, 5-yr note auction, Fed’s Bullard speaks
THURSDAY: GDP, jobless claims, corporate profits, Fed’s Plosser speaks, 7-yr note auction, farm prices, Fed’s Lacker speaks
FRIDAY: Personal income & outlays, Chicago PMI, consumer sentiment
Binary Options Trading analysis written by David Frank
Binary Options Daily Analysis – Commodities Rally on Upbeat Copper Outlook
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets closed mostly lower on Friday, following Thursday’s disappointing round of economic news. The Nikkei ,Shanghai Composite and Hang Seng all dropped 1.1% in an unusual parallel drop. Escaping the selling pressure, the ASX 200 eased a mere .1%, and the Kospi closed fractionally higher.
European markets traded modestly higher, as the DAX and FTSE edged up .2%, while the CAC40 rose .1%. An upbeat earnings report from Chile’s Codelco, the world’s top copper producer helped lift resource stocks in the afternoon.
US stocks posted similar gains, as the Dow ticked up 35 points to 13081, the S&P 500 advanced .3%, and the Nasdaq inched up .2%. The VIX fell 4.8% to 14.82 as the Dow snapped a 3-day losing steak.
KB Home plunged 8.5% after reporting an unexpected drop in orders. Nike shares dropped 3.2% despite upbeat earnings news.
The BATS exchange launched its IPO on Friday, but the company’s own computer system failed, causing wild fluctuations in the stock. The company said it will cancel its IPO, and all trades will be canceled.
Treasuries and Commodities
Bond prices continued to climb, with 10-year notes up 13/32 to yield 2.23%, and 30-year notes up 1 full point to yield 3.21%. German bonds posted smaller gains, with 10-year notes up .41 and 30-year notes up .835.
Commodities traded higher in a broad resource rally. Crude oil and gasoline both advanced 1.4% to 106.87 and 3.3852, while natural gas posted a smaller .3% gain to 2.275.
Silver led the gain in metals, climbing 3% to 32.372. Copper gained 1.1% to 3.8085, and gold advanced 1.2% to 1662.40.
Copper Rallies 1.1% on Upbeat Outlook from Top Producer
Currencies
The Dollar traded lower as a rise in commodities pushed down the greenback. The Australian Dollar bounced .7% to 1.0472, the Euro climbed .5% to 1.3271, and the Swiss Franc pushed up .6% to 1.1001. The Pound and Yen both rose .3%, and the Canadian Dollar edged up .1% to .9984.
Economic Outlook
New home sales unexpectedly fell to 313K, the lowest reading since October. f Analysts had expected the figure to rise to 326K from last moth’s 318K reading.
Monday’s economic reports will include pending home sales, the Dallas Fed manufacturing survey, and the Chicago Fed’s national activity index. Fed Chairman Bernanke will be speaking about the labor market at an economic conference in Arlington.
Earnings are due from Apollo Group.
Binary Options Trading analysis written by Bradley Welcher
Bernanke’s Comments Trigger Stock Market Rally
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets traded mixed on Monday following Friday’s disappointing home sales data from Wall Street,. The Nikkei rose .1% to 10018, the ASX 200 slipped .2%, and the Kospi dropped .4%. In China, the Shanghai Composite rose fractionally, and the Hang Seng settled flat.
European markets rallied in the afternoon as comments by Fed Chairman, Bernanke, suggested further economic easing was likely. Bernanke said the economy must grow quicker to produce more jobs, and suggested that process could be aided by government policies.
The DAX climbed 1.2%, the FTSE advanced .8%, and the CAC40 gained .7%. Germany’s IFO business activity report rose unexpectedly, contributing to the gains.
US stocks posted large gains, encouraged by the Bernanke’s remarks. The Nasdaq surged 1.8%, the S&P 500 climbed 1.4%, and the Dow advanced 161 points to 13242.
Nasdaq Spikes 1.8%
Lions Gate Entertainment jumped 4.5% after the new movie, “The Hunger Games”, netted $214 million in its opening weekend.
Treasuries and Commodities
Bond prices dropped, despite the possibility of a third round of quantitative easing by the Fed. 10-year nites eased 5/32 to yield 2.25%, and 30-year notes slipped 22/32 to yield 3.34%. German bonds tumbled, with 10-year notes down .785 and 30-year notes down 1.76.
Commodities spiked, especially metals. Copper advanced 2.4% to 3.896, gold gained 1.7% to 1691.10, and silver rallied 1.8% to 32.86.
Crude oil inched up .25 to 107.12, and gasoline rose .8% to 3.4136, while natural gas slumped 2.6% to 2.215, a 10-year low.
Currencies
The Dollar tanked in the currency markets. The Australian Dollar led the gains, rising 1.3% to 1.0536. In Europe, the Euro gained 1.2% to 1.3356, the Swiss Franc rose 1.1% to 1.1074, and the Pound advanced .9% to 1.5968. The Yen bucked the trend, slipping .3% to 82.88.
Economic Outlook
Continuing Friday’s dreary housing news, pending home sales unexpectedly fell .5%. Analysts had forecast a gain of 1% after last month’s 2% jump.
Tuesday’s economic data will include consumer confidence, the Case-Shiller home price index, and the Richmond manufacturing index.
Earnings are due from Lennar, Robbins & Myers, and Walgreen’s.
Binary Options Trading analysis written by Bradley Welcher
Asia Spikes, West Consolidates, after Monday’s Rally
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets jumped in response to Monday’s Wall Street rally, inspired by Bernanke’s suggestion of another round of government stimulus. The Nikkei surged 2.4% to 10255 its highest close in more than a year. The Hang Seng rallied 1.8% to 21047, the ASX 200 climbed .9%, and the Kospi advanced 1% to 2040. The Shanghai Composite bucked the trend, easing .2% to 2347.
In Europe, markets declined, surrendering some of Tuesday’s gains after US consumer confidence data came in below forecasts. The CAC40 slumped .9%, the FTSE slid .6%, while the DAX closed flat. The Royal bank of Scotland advanced 3.3% on rumors of a possible investment by Abu Dhabi’s ruling family.
US stocks closed lower after hovering near break even for most of the session. The Dow declined 44 points to 13198, the S&P 500 lost .3% to 1413, and the Nasdaq settled down .1% at 3120.
Dow Slips 44 Points
Bank of America skidded 3.3% after Baird downgraded the stock.
Lennar shares surged 4.7% after reporting a sharp jump in home orders.
Treasuries and Commodities
Bonds gained, with 10-year notes up 16/32 to yield 2.19%, and 30-year notes up 22/32 to yield 3.30%.
Commodities traded mostly lower after yesterday’s rally. In energy, gasoline slipped .4% to 3.4041, natural gas slumped .8% to 2.208, while crude oil edged up .2% to 107.29.
Silver ticked down .3% to 32.665, copper close down .2% to 3.8815, while gold traded flat at 1686.
Volatility was high in the agricultural sector as wheat tumbled 3%, while coffee spiked 4.8%.
Currencies
The Dollar traded modestly higher on Tuesday, as currency markets traded in a narrow range. The Australian Dollar shed .5% to 1.0482, the Canadian Dollar lost .3% to .9944, and the Pound traded flat. The Euro and Swiss Franc both declined .2%, and the Yen dropped .3% to 83.10.
Economic Outlook
The Case Shiller home price index showed prices remained flat in January,. Consumer confidence fell to 70.2 from 71.6 last month, slightly below expectations.
Wednesday’s reports will include durable goods, weekly mortgage applications, and weekly oil inventories.
Earnings are due from Family Dollar, Mosaic, and Paychex.
Binary Options Trading analysis written by Bradley Welcher
Global Stocks Slide on Mounting Economic Concerns
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets closed mostly lower on Wednesday, led by heavy losses in China. The Shanghai Composite tumbled 2.7% to 2285, a 2-month low as disappointing earnings weight on the index. The Hang Seng fell .8%, the Kospi slid .4%, and the Nikkei dropped .7% to 10183. Australia’s ASX 200 escaped the losses, rallying 1%, after the country’s central bank reported that the nation’s banking sector is in good shape.
European markets skidded, weighed down by weak economic data. The CAC40 and DAX slid 1.1%, and the FTSE dropped 1% to 5809. Data suggested that Spain is now in another recession, and the UK’s GDP shrank more than forecast.
US stocks opened sharply lower but recovered much of their losses throughout the day. The Dow shed 72 points to 13126, while the S&P 500 and Nasdaq both fell .5%. Caterpillar shares sank 3.5% to 104.26, pressured by a disappointing durable goods report.
Annie’s surged 89% in its first day of trading, climbing 16.92 to 35.92. The company trades under the symbol BNNY.
Treasuries and Commodities
The government auctioned $35 billion in 5-year notes, with a yield of 1.04%, the highest in 5-months. Demand was weaker than usual, with a bid-to-cover ratio of 2.85, below the 3.02 average.
10-year notes settled down 2/32 to yield 2.19%, and 30-year notes eased 1/32 to yield 3.30%.
Crude oil fell 1.7% to 105.49, after a government report showed a large jump in inventories. Natural gas eased .8% to 2.276, and gasoline edged down .1% to 3.4021.
Crude Oil Drops on Inventory Jump
Signs of economic weakness sent copper down 2.1% to 3.8005. Silver slumped 1.7% to 32.05, and gold dropper 1.4% to 1661.30.
Agricultural futures sold off as well. Wheat fell 1.4%, corn skidded 1.7%, and coffee tumbled 2.9%.
Currencies
The currency markets traded mixed on Wednesday. The Pound fell .3% to 1.5894, the Australian Dollar declined .6% to 1.0393, and the Canadian Dollar slipped .3% to .9980. The Yen advanced .5% to 82.78, while the Euro and Swiss Franc closed flat.
Economic Outlook
Durable goods orders rose 2.2% last month, less than the 3% hoped for by analysts. Weekly mortgage applications rose while refinancing applications fell, a positive sign for the housing industry.
Thursday’s reports will include final GDP data for the 4th quarter, corporate profits, and weekly unemployment claims.
Earnings are due from Best Buy, Jos. A. Bank, Research in Motion and Texas Instruments.
Binary Options Trading analysis written by Bradley Welcher
Asian and European Stocks Skid, Energy Sinks
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets fell on Thursday as mounting fears of a global slowdown weight on investors’ nerves. The Nikkei slid .7% to 10115, the Kospi slumped .9%, and the ASX 200 eased .1%. The Shanghai Composite tumbled for a second day, skidding 1.4% to 2252, and the Hang Seng sank 1.3% to 20609.
Selling pressure intensified in Europe, as the DAX tanked 1.8% to 6875, the CAC40 fell 1.4%, and the FTSE dropped 1.2%. Financial shares fell nearly 3%, and Italy’s MIB index plunged 3.3%.
Germany's DAX Drops 1.8%
In contrast, US stocks continued to show their resilience, as the major indexes bounced back from a 1% slide to close mixed. The Dow rose 20 points to 13146, 113 points off its low for the day. The Nasdaq declined .3%, and the S&P 500 eased .2% to 1403.
Sprint jumped 5.3% after Deutsche Bank raised its outlook for the company.
Health care stocks rallied as the Supreme Court listens to hearings concerning the legality of Obamacare. Aetna surged 6.5%, and Coventry Health sprinted 5.9% higher.
On the earnings front, Best Buy tumbled 7%and Mosaic skidded 5.1% after both companies reported a drop in earnings.
Treasuries and Commodities
Bond prices rose, with 10-year notes up 11/32 to yield 2.16%, and 30-year notes up 22/32 to yield 3.27%.
Natural gas plunged 4.9% to 2.17, its lowest level in more than a decade, while crude oil dropped 2% to 103.29. Gasoline futures escaped the slide, edging up .3% to 3.405.
Silver led metals higher, climbing 1.4% to 32.375. Copper rose .5% to 3.8105, and gold inched up .1% to 1660.30.
Agricultural futures extended their recent losses. Wheat tanked 2.9%, coffee tumbled 3.1%, and corn dropped 2.6%.
Currencies
The currency markets traded mixed with no clear direction. The Yen advanced .5% to 82.44, the Pound rose .4% to 1.5952, and the Canadian Dollar edged up .2% to .9965. The Euro, Swiss Franc, and Australian Dollar all slipped .1%.
Economic Outlook
Weekly unemployment claims fell to 359K, a 4-week low, but fell short of analyst forecasts for 351K. GDP for the 4th quarter rose at 3%, as expected.
Friday’s reports will include personal income & spending, Chicago PMI, and consumer sentiment data from the University of Michigan.
Earnings are due from Motorola Solutions.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Report (March 26- March 30)
To read the Weekly fundamental analysis click here
Markets
Stocks closed mixed on Friday, but the DJIA and S&P logged their best quarterly gains in almost 14 years and the NASDAQ had its best quarterly performance since 1991.
The closed higher. This was its 6 month of gains.
The S&P 500 also finished higher. Hoever, the tech heavy NASDAQ fell in the final minutes. Thsi was its fourth-consecutive day of losses.
DJIA CHART
FOREX
The Euro ended the month of March unchanged against dollar unchanged. Stll a strong Q1 could set the road for gains in 2012. Yet the coming week of major event risk may prove critical for the Euro and US Dollar as the exchange rate trades near significant technical resistance and at a major crossroads.
Firstly, iinvestors will watch the rate decision due April 4by the EU. Also a potentially game-changing US Nonfarm Payrolls will wrap up what could be a pivotal week in price action. European officialsrecenlt too pressure off of the Euro as they agreed to support the firepower of their key bailout funds. It will be key to pay attention to ECB President Mario Draghi if he hints to further moetary actions this coming week.
EUR/USD Chart
COMMODITIES
Crude futures crawled higher Friday on ongoing concerns about Iran and supply disruptions, improved consumer sentiment and a weak dollar. Oil prices posted a 4.2 percent gain in Q1. Gold rose .12% to close at 1668.10 on Friday.
Oil Chart
EQUTIES
Apple closed below $600 a share even after BMO raised its price target on the iPad maker to $675 from $590. Still, shares climed almost 50 percent this quarter. Research In Motion finished higher after the struggling BlackBerry maker posted a loss. Th company said it was launching a review that could include a sale of the company. At least seven analysts slashed their price targets on the firm.
Binary Options Trading analysis written by Bradley Welcher
Fundamental Analysis and the Week Ahead March 26
To read the Weekly technical report click here
ECONOMIC NEWS
Consumer spending increased to its biggest gain in seven months. Consumer sentiment rose to its highest level in more than a year.
Business activity in the midwest fell slightly in February, but still indicated a slow expansion in the regional economy.
THE WEEK AHEAD
MONDAY: ISM mfg index, construction spending, Fed’s Bullard speaks, Fed’s Pianalto speaks
TUESDAY: Factory orders, FOMC minutes, Fed’s Williams speaks, auto sales, DC/Maryland/Wisconsin primaries
WEDNESDAY: Weekly mortgage apps, Challenger job-cut report, ADP employment report, ISM non-mfg index, oil inventories, Fed’s Williams speaks
THURSDAY: Jobless claims, Fed’s Bullard speaks, chain-store sales
FRIDAY: Good Friday–markets closed/banks open, non-farm payrolls, consumer credit
Binary Options Trading analysis written by Bradley Welcher