BinaryOptionStrategy Analysis - page 18
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Fundamental Analysis and the Week Ahead
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
ECONOMIC NEWS
US Non-farm payrolls came in at an unexpected high of 200,000 in December. This ended up lowering the jobless rate to a near three-year low of 8.5 percent. Economists expected a gain of 150,000.
THE WEEK AHEAD
MONDAY: Atlanta Fed Pres Dennis Lockhart speaks, consumer credit, Sarkozy/Merkel meet
TUESDAY: NFIB small biz optimism index, wholesale trade, San Francisco Fed Pres John Williams speaks, Kansas City Fed Pres Esther George speaks, 3-yr note auction, New Hampshire Primary
WEDNESDAY: Weekly mortgage apps, Atlanta Fed Pres Dennis Lockhart speaks, oil inventories, Philadelphia Fed Pres Charles Plosser speaks, 10-yr note auction, Beige Book, Monti/Merkel meet
THURSDAY: BoE announcement, ECB announcement, jobless claims, retail sales, business inventories, 30-yr bond auction
FRIDAY: International trade, import & export prices, consumer sentiment, Richmond Fed Pres Jeffrey Lacker speaks
Binary Options Trading analysis written by David Frank
Binary Options Daily Analysis – US Payroll Data Blows Past Expectations
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets closed lower on Friday ahead of the US’s key non-farm payroll report. The Nikkei slid 1.2% to 8390, with Elpida Memory tumbling 5.4% after Deutsche Bank downgraded the memory maker. The Kospi declined 1.1%, the ASX 200 sank .8%, and the Hang Seng slumped 1.2% to 18593. Bucking the trend, the Shanghai Composite climbed .7%, as banking shares gained.
In Europe, stocks closed mixed despite strong US jobs data. The FTSE rose .5%, while the DAX fell .6%, and the CAC40 slipped .2%.
US markets had a similar close, with the Nasdaq edging up .2%, while the Dow fell 56 points to 12360, and the S&P 500 declined .3%. The VIX fell 4% to 20.63, a sign that investors are growing increasingly calm.
VIX Continues to Fall
Netflix shares surged 8.6%, extending its weekly gain to 23%, amid rumors of a takeover.
Best Buy shares gained 3.3%, despite reporting a 1.2% drop in same-store sales, thanks to a string outlook.
Treasuries and Commodities
Bonds rose moderately. 10-year notes gained 10/32 toy yield 1.96%, and 30-year notes climbed 28/32 to yield 3.02%.
Crude oil eased .3% to 101.56, while natural gas soared 2.8% to 3.062.
Metals traded mostly lower, although copper rose .3%. Silver sank 2.1% to 28.683, and gold edged down .2% to 1616.80.
Currencies
The Dollar gained against world currencies, as euro-zone fears continue. The Euro and Pound both fell .5% to 1.2724 and 1.5424 respectively, and the Swiss Franc eased .3% to 1.0467. The Canadian Dollar sank .9% to 1.0286, and the Australian Dollar slipped .3% to 1.0228. The Yen managed a slight gain, rising .2% to 76.97.
Economic Outlook
The US economy added 200K jobs last month, far beyond the 152K estimated, and the unemployment rate fell to 8.5% from 8.7%. Despite the upbeat data, some analysts remained skeptical over the economic recovery, attributing the gain to seasonal factors.
Monday’s sole report is consumer credit, which is expected to rise by $7.2 billion.
Alcoa will report earnings on Monday, unofficially kicking off earnings season.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Global Equities Mixed, Consumer Credit Surges
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets traded mixed on Monday following last week’s losses. China’s Shanghai Composite spiked 2.9%, boosted by a rise in the money supply and loan growth, and the Hang Seng rallied 1.5% to 18866. The Kospi dropped .9%, and the ASX 200 eased .1%. Japanese markets were closed for a holiday.
European markets traded lower, led by banks which fell 2.2%. The FTSE and DAX dropped .7%, and the CAC40 fell .3%. Over the weekend, Hungary’s debt rating was downgraded to junk, and Der Spiegel reported that the IMF doubts that Greece can get its finances under control.
In the US, stocks closed modestly higher. The Dow edged up .3%, the S&P 500 rose .2%, and the Nasdaq eked out a .1% gain.
Alcoa shares rallied 2.9% ahead of earnings. After the close, the aluminum maker reported a loss in line with estimates, while beating forecasts on revenue.
Netflix shares surged another 14% after launching its DVD service in the UK.
Treasuries and Commodities
Treasuries closed little changed, with 10-year notes yielding 1.95%, and 30-year notes yielding 3.02%. On Tuesday, the Treasury will auction $32 billion in 3-year notes.
A German auction for 6-month debt had a negative yield of -0.0122%.
Energy traded mixed. Natural gas slumped 1.6% to 3.013, crude oil slipped .2% to 101.34, and gasoline gained .2% to 2.7568.
Silver climbed .9% to 28.935, while gold and copper dropped .5% to 1609.60 and 3.419, respectively.
The Euro rose .4% to 1.2776, recovering from an earlier drop down to 1.2680. The Pound gained .3%, and the Swiss Franc advanced .6% to 1.0535. The Yen rose .2% to 76.84.
Economic Outlook
Consumer credit saw a massive expansion in November, climbing to $20.4 billion. Analysts had expected a gain of just $7 billion.
Tuesday’s reports will include wholesale inventories, and the NFIB small business optimism index.
Binary Options Trading analysis written by Bradley Welcher
13/1/2012 Analysis
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets traded mostly lower, despite a report from China which showed inflation fell to 4.1%, its lowest level in 15 months. The Shanghai Composite eased fractionally, settling at 2275. Hong Kong’s Hang Send slid .3%, rhe Nikkei lost .7%, and the ASX 200 edged down .2%. Bucking the downtrend, South Korea’s Kospi rallied 1%,
In Europe, the ECB held rates steady, and ECB chairman, Mario Draghi, said there are signs the region is stabilizing. The FTSE and CAC40 declined .2%, while the DAX rose .4%. Auctions in short-term debt in Spain and Italy were wildly successful, but their ability to sell longer term debt may prove more challenging.
US stocks posted modest gains, despite weak economic data. The Dow inched up 22 points to 12471, the Nasdaq advanced .5%, and the S&P 500 rose .2%.
Dick’s Sporting Goods soared 12.5% after announcing a buyback plan, while Williams-Sonoma tumbled 12.2% after cutting its outlook.
Treasuries and Commodities
The Treasury auctioned $13 billion in 30-year notes, with a high-yield of 2.985%, and a bid-to-cover ratio of 2.6. Bonds closed slightly lower, with 10-year notes easing 6/32 to yield 1.92%, and 30-year notes edging down 4/32 to yield 2.97%.
Energy fell, hurt by a profit warning from Chevron. Natural gas slumped 2.1% to 2.716, crude oil dropped 1.8% to 99.02, and gasoline declined 1.2% to 2.7296.
Copper jumped 2.8% to 3.6455, leading metals higher. Gold advanced .7% to 1651.10, and silver gained .8% to 30.13.
Currencies
The Euro rallied .9% to 1.2826, and the Swiss Franc gained 1.1% to 1.0595, as the successful bond auctions in Europe relieved some anxiety. The Pound and Candian Dollar both rose .1%, and the Australian Dollar settled up .3% at 1.0340.
Economic Outlook
Weekly unemployment claims jumped by 24K to 399K, hitting their highest level in 6 weeks.
Retail sales rose a mere .1% last month, a sharp drop from November’s .4% rise.
Friday’s economic reports will include international trade, import & export prices, and consumer sentiment.
Earnings are due from JPMorgan.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Report (Jan. 9- Jan. 13)
To read the Weekly fundamental analysis click here
Markets
Stocks rocovered somewhat Friday. However, US indices were still in the red afte the close of business. This comes as investors are afraid that teh S&P will downgrade several EU countries.
DJIA CHART
FOREX
It has happened, Friday France lost its AAA rating and was cut to AA+… Austria also was cut becuase of debt problems. , Italy was cut to BBB+, placing the Eurozone’s third-largest economy close to the threshold of junk status. Portugal was cut to junk. This move could affect the use of Portuguese debt as collateral to borrow from the ECB.
Germany had its AAA rating upheld and its outlook was moved off “negative watch” to “positive”. That was good news.
One big possibilty from these recent S&P sowngrades can also be the potential for the EFSF losing its own top rating at risk unless it increases guarantees to maintain its capacity of 440 billion Euros. This was hinted to, as possiblity by and ECB Board Member, Austrian National Bank Governor Ewald Nowotny.
EURUSD
COMMODITIES
Crude lost 40 cents to close at $98.70 . Brent crude, lost 70 cents to close at $110.35. Gold lost over 1% to close at $1630.80.
Oil Chart
EQUTIES
JPMorgan profits that met expectations. Still its shares fell they missed its revenue number. Citigroup, Wells Fargo, BofA and Morgan Stanley will post earnings next week. Caterpillar finished higher after Barclays raised its price target to $128 from $115.
Binary Options Trading analysis written by David Frank
Fundamental Analysis and the Week Ahead
To read the Weekly technical report click here
ECONOMIC NEWS
In the US, the trade deficit totaled $47.8 billion. This number ended up widening in November. This is the widest it has been in nearly 5 months. Europe saw France lose its AAA credits rating. Austria was also cut and Italy is now on the brink of junk status.
THE WEEK AHEAD
MONDAY: MLK Day—All US Markets Closed
TUESDAY: Empire state mfg survey
WEDNESDAY: Weekly mortgage apps, PPI, industrial production, housing market index
THURSDAY: CPI, housing starts, jobless claims, oil inventories
FRIDAY: Existing home sales
Binary Options Trading analysis written by David Frank
Binary Options Daily Analysis – S&P Due to Downgrade Several European Countries
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
The week closed on an up note in Asia, as the region’s markets traded mostly higher. The Nikkei rallied 1.4% to 8500, the Kospi gained .6%, and the ASX 200 rose .4%. In greater China, the Hang Seng edged up .6%, while the Shanghai Composite fell 1.3%, following the release of a report which revealed a drop in China’s foreign exchange reserves.
News that S&P was due to downgrade the credit rating of several European countries pressured the region’s markets. The FTSE lost .5%, the DAX dropped .6%, while the CAC40 edged down .1%. It is expected that France and Austria will be downgraded by one notch, while Spain and Portugal will drop 2 notches. Adding to the debt pain, a breakdown in negotiations between Greece and holders of its debt could spell major troubles for the Euro zone.
US stocks fell moderately as well. The Dow lost 49 points to 12422, while the Nasdaq, and S&P 500 shed .5%.
Dow Mostly Recovers from Steep Morning Slide
JPMorgan reported earnings that fell short on revenue, sending the shares down 2.5%. The negative news weighed on banking shares, sending Citigroup down 2.7%, and Morgan Stanley down 3.1%.
Treasuries and Commodities
An escalation of Europe’s debt troubles boosted demand for US debt, sending 10-year notes up 17/32 to yield 1.96%, and 30-year notes up 1 7/32 to yield 2.91%.
Commodities traded mostly lower. In energy, natural gas slumped 1% to 2.67, and crude oil slipped .4% to 98.70. Gasoline futures posted a slight gain of .1%.
Silver led metals lower, dropping 2% to 29.522. Gold sank 1% to 1630.80, and copper eased .3% to 3.637.
Selling was particularly heavy in agricultural futures. Soybeans lost 2.1%, coffee tanked 3.7%, and sugar declined 2.5%.
Currencies
The heavy dose of negative European news hit the single currency hard. The Euro fell as low as 1.2626, before recovering slightly, closing down 1.1% to 1.2680. The Yen, Pound, and Australian Dollar all declined a mere .1%, which the Canadian Dollar dropped .4% to 1.0230. The Swiss Franc eased .2% to 1.0506.
Economic Outlook
Consumer sentiment data from the University of Michigan rose to 74 from 69.9, beating estimates for 71.2. The trade deficit grew to $47.8 billion, a significant increase from last month’s $43.3 billion deficit, hitting its highest level in 5 months.
US stock and bond markets will be closed on Monday for Martin Luther King Day.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – European Markets Shrug Off S&P Downgrades
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Over the weekend, S&P downgraded the debt ratings of 9 out of 17 euro zone countries, sending Asian markets lower on Monday. The Nikkei sank 1.4% to 8378, as the Euro-Yen (EURJPY) fell to 97.22, its lowest level in more than a decade, hurting exporters. In Korea, the Kospi shed .9%, and Australia’s ASX 200 dropped 1.2%. The Hang Seng slid 1% to 19012, while the Shanghai Composite tumbled 1.7%, largely erasing last week’s gains.
Shanghai Composite Slides 1.7%
In contrast, European markets climbed, despite the wave of credit downgrades. The DAX rallied 1.3%, the CAC40 climbed .9%, and the FTSE rose .4%. Late Monday, S&P downgraded the European Stability Fund’s credit rating by one notch, which may make it harder for the fund to obtain cheap funding.
US markets were closed for Martin Luther King Day
Treasuries and Commodities
While US bond markets were closed, German bonds traded modestly lower. 10-year notes eased .04 to yield 1.77%, and 30-year notes edged down .295 to yield 2.36%.
Natural gas tanked 4.5% to 2.55, while crude oil rose 1% to 99.69. Gasoline futures, which tend to follow crude prices, advanced 1.4% to 2.7725.
Silver led metals higher, rallying 1.4% to 29.945. Gold rose .8% to 1643.50, and copper gained 1.1% to 3.676.
Currencies
Global currencies traded in relatively narrow ranges, thanks to the US holiday. The Canadian Dollar gained .5% to 1.1081, ahead of the Bank of Canada’s rate decision on Tuesday. The Swiss Franc slipped .3% to 1.0478, the Australian Dollar eased .2% to 1.0306, and the Euro edged down .1% to 1.2664. The Yen rose .2% to 76.78.
Economic Outlook
Tuesday’s sole economic report is the Empire State manufacturing survey. Analysts are expecting the index to rise to 10.8 from last month’s 9.5 reading.
Earnings are scheduled for Checkpoint Software, Citigroup, TD Ameritrade, and Wells Fargo, along with a slew of regional banks.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Chinese GDP Better than Expected, Lifting Markets
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
GDP data from China showed the economy grew at 8.9% in the last quarter, better than forecast. The news sent the Shanghai Composite soaring 4.2%, despite the fact that the figure was lower than last quarter’s 9.1% growth. Across the region, stocks rallied, particularly in neighboring Hong Kong, where the Hong Seng jumped 3.2% to 19638. The Nikkei advanced 1.1% to 8466, the Kospi climbed 1.8%, and the ASX rose by 1.7%.
The upbeat sentiment continued in Europe, as the DAX rallied 1.8%, the CAC40 gained 1.4%, and the FTSE rose .7%. Automakers posted a 2.8% gain, as fear of a Chinese hard landing abated.
US stocks posted smaller gains. The Dow tacked on 60 points to 12482, the Nasdaq advanced .6%, and the S&P 500 gained .4%.
Citigroup shares tumbled 8.2% after reporting weaker than expected earnings, while Wells Fargo inched up .7% after beating estimates. Financials traded mostly lower, as the weight of Citigroup’s disappointment hit the sector.
Research in Motion surged 8% on takeover rumors, and Sears rocketed 9.5% higher amid rumors the company will be going private.
Cruise operator, Carnival, tumbled nearly 14% as the market reacted to the weekend crash of a cruise ship off the coast of Italy.
Treasuries and Commodities
Bonds edged up slightly. 10-year notes rose 2/32 to yield 1.86%, and 30-year notes rose 6/32 to yield 2.90%.
Commodities rallied almost universally. Crude oil jumped 2.2% to 100.84, and gasoline gained 1.4% to 2.7734.
Natural gas tumbled 7% to 2.483, adding to its recent plummet.
Natural Gas Drops Nearly 20% in 5 Days
Copper climbed 2.3% to 3.72, silver gained 1.6% to 30.005, and gold rose 1.3% to 1652.60.
Currencies
A successful bond auction in Spain helped boost European currencies. The Swiss Franc rallied .8% to 1.0533, the Euro gained .6% to 1.2734, and the Pound inched up .1% to 1.5332. The Canadian Dollar edged up .3% after the Bank of Canada kept rates steady at 1%. In the Pacific region, the Australian Dollar climbed .7% to 1.0379, and the Yen closed down fractionally at 76.82.
Economic Outlook
The Empire State manufacturing index blew past expectations, rising to 13.5 from last month’s 9.5 reading, its highest level since April.
Germany’s ZEW economic sentiment indicator improved considerably from last month’s -53.8 reading, climbing to -32.5.
Wednesday’s economic reports will include PPI, industrial production, the housing market index, and weekly mortgage applications.
Earnings are scheduled for Ebay, Goldman Sachs, State Street, and US Bankcorp.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Housing Market Sentiment Soars to 4.5 Year High
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets traded mixed on Wednesday, as doubts over Greece’s debt burden clashed with Tuesday’s cheer. The Nikkei climbed 1% to 8551, lifted by a sharp 6.6% rally in Elpida Memory on news the company is seeking a deal with Micron Technology. The Hang Seng rose .3%, to 19687, while the Kospi and ASX 200 settled little changed. The Shanghai Composite fell 1.4% to 2264, following Tuesday’s powerful 4.2% rally, the largest single-day gain in more than 2 years.
European shares traded mixed as well. The FTSE rose .2%, the DAX gained .3%, while the CAC40 eased .2%. Societe Generale shares surged 6% as Greece resumed debt negotiations, on hopes the bank’s losses due to exposure to Greek debt will be less than feared.
Upbeat data and rumors of a possible Greek-debt deal later in the week sent US stocks higher. The Nasdaq led the advance, climbing 1.5%. The Dow rose 97 points to 12576, and the S&P 500 gained 1.1% to 1308.
Nasdaq Rallies 1.5%,
Goldman Sachs surged 6.8% after beating earnings estimates, while Bank of NY Mellon sank 4.6% after reporting weak earnings.
Home builders soared, thanks to upbeat home builder sentiment index data. The index rose to its highest level since June 2007. Hovnanian closed up 12.2%, and Pulte Homes posted a 5.9% gain.
After the close, Ebay shares rose 2.4% on strong revenue growth.
Treasuries and Commodities
Bonds fell, with 10-year notes shedding 12/32 to yield 1.90%, and 30-year notes sinking 1 7/32 to yield 2.96%.
Gasoline futures rallied 2.2% to 2.8325, while crude oil posted a slight .1% gain. Natural gas slipped .4% to 2.479.
Silver climbed 1.1% to 30.45, copper rallied .8% to 3.761, and gold gained .4% to 1662.20.
Currencies
The Euro surged 1.6% as hopes for a solution to Greek’s debt woes lifted the single currency. The Australian Dollar rallied 1.2% to 1.0430, the Swiss Franc advance 1% to 1.0654, and the Pound climbed .8% to 1.5441. The Canadian Dollar posted a smaller .4% gain to 1.0112, and the Yen inched up fractionally to 76.99.
Economic Outlook
The NAHB housing market index jumped to 25 from last month’s reading of 21, blowing past analyst estimates of a rise to 22. Industrial production rose by .4%, slightly less than forecast, and PPI slipped .1%, following last month’s .3% gain.
Thursday’s economic data will include CPI, housing starts, weekly jobless claims, and weekly oil inventories.
Thursday’s impressive earnings lineup will include reports from American Express, Bank of America, BlackRock, Capital One, Google, Intel, IBM, Microsoft, Morgan Stanley, and SouthWest Airlines.
Binary Options Trading analysis written by Bradley Welcher