BinaryOptionStrategy Analysis - page 23
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
Binary Options Report (March 5- March 9)
To read the Weekly fundamental analysis click here
Markets
US markest rose on better than expected job data. Still, a “credit event” from greece dampened sentiment.
The S&P 500 and Nasdaq saw their 4th consecutive week of gains.
The Dow Jones rose14.08 points, the S&p was up 4.96 points, or 0.36 percent an the Nasdaq rose 17.92 points.
DJIA CHART
FOREX
It appears the Greek drama has come to a conclusion, for now. Athens completed the PSI bond swap with over 95 percent participation from debt holders after invoking collective action clauses (CACs) built into paper governed by Greek law,. Greece has now met the the requirements needed to unlock funding through the €130 billion second EU/IMF bailout package.
This whole dealthis means relatively little. A Greek default has not amounted to a material threat for global financial markets for some. EU banks have enough cash on hand to prevent a Greek default from causing a market wide credit squeeze since the first 3-year ECB LTRO in December. But…. is there enough to cover more flair ups?
EURO/USD
COMMODITIES
Crude-oil futures ended higher Friday, notching a weekly gain as better-than-expected data on U.S. employment in February lifted prospects for oil demand.
Crude rose 82 cents, or 0.8%, to close at 107.40 That was crude’s third session of gains.
Gold shed 12.80 to close at 1708.80
Oil Chart
EQUTIES
Starbucks hit new record highs after the coffeehouse chain said it will introduce its own single serving coffee brewing system that will compete with Green Mountain’s popular Keurig machine. Meanwhile, S&P Capital IQ raised its rating on Starbucks to “buy” from “hold.” Texas Instruments fell after the chipmaker lowered its earnings and revenue targets for the Q1.
Binary Options Trading analysis written by David Frank
Fundamental Analysis and the Week Ahead (March 5- March 9)
To read the Weekly technical report click here
ECONOMIC NEWS
The US trade deficit rose to $52.6 billion in January, the widest imbalance since October 2008. Imports are at an all time high. Exports were up a 1.4 percent to $180.8 billion.
Meanwhile, wholesale inventories grew 0.4 percent in January. And sales dropped 0.1 percent. Economists had forecast a 0.8 percent gain.
Employers added 227,000 jobs last month. The unemployment rate held steady at a three-year low of 8.3 percent. Economists had expected a gain of 210,000.
THE WEEK AHEAD
MONDAY: 3-yr note auction
TUESDAY: NFIB small business optimism index, retail sales, business inventories, 10-yr note auction, FOMC meeting announcement
WEDNESDAY: Weekly mortgage apps, current account, import & export prices, Ben Bernanke speaks, oil inventories, 30-yr bond auction
THURSDAY: Jobless claims, PPI, Empire state mfg survey, Philadelphia Fed survey, credit card default rates reported
FRIDAY: Quadruple witching, CPI, industrial production, consumer sentiment
Binary Options Trading analysis written by David Frank
US Jobs Data Beats Forecasts, Lifting Dollar and Stocks
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
The Nikkei surged 1.7% to 9930, after rising as high as 10008, as approval of a debt swap by Greece’s private debt holders helped relieve investor anxiety. Exporters led the gains as the yen fell to a 9-month low, with Sony and Mazda each up more than 4%. The Kospi climbed .9%, and the ASX 200 gained 1%. In China, weaker than expected inflation data lifted stocks, with the Shanghai Composite settling up .8%, and the Hang Seng up .9%.
European markets gained moderately, lifted in the afternoon by upbeat US jobs data. The DAX advanced .7%, the FTSE climbed .5%, and the CAC40 rose .3%.
US stocks edged up, but concerns over a Greek “credit event” limited gains. The Dow tacked on 14 points to 12922, the Nasdaq gained .6% to 2988, and the S&P 500 rose .4% to 1371. Small cap stocks outperformed, as the Russell 2000 jumped 1.3% to 817. Greece forced all bond holders to accept the debt haircut, triggering payments on credit default swaps, but the event was largely expected.
The US economy added 227K jobs, 17K more than expected, while the unemployment rate remained steady at 8.3%.
Starbucks shares hit a new record hih, climbing 2.9% to 51.84 after announcing a single serve coffee machine. Competitor, Green Mountain, tumbled 15.7% on the news.
Treasuries and Commodities
Bonds posted narrow losses despite the strong jobs data. 10-year notes eased 4/32 to yield 2.03%, and 30-year notes edged down 2/32 to yield 3.18%.
Energy and metals advanced on growing signs the US economy is in the midst of a solid recovery. Oil gained .8% to 107.40, natural gas jumped 2.3% to 2.324, and gasoline closed up .6% to 3.3324.
Copper surged 1.8% to 3.8585, silver climbed 1.1% to 34.212, and gold gained .8% to 1711.50.
Currencies
The Dollar powered higher against most global currencies. In Europe, the Swiss Franc sank 1.2% to 1.0886, the Euro slumped 1.1% to 1.3122, and the Pound fell 1% to 1.5676. The Yen dropped 1.1% to 82.45, while the Australian Dollar slipped .7% to 1.0575. Bucking the trend, the Canadian Dollar traded flat, settling at .9906.
Euro Tumbles 1.1% in Afternoon Slide
Economic Outlook
The US trade deficit hit $52.6 billion last month, significantly larger than the $48.9 billion forecast. Wholesale inventories rose a mere .4%, below expectations.
On Monday, earnings are due from Magic Jack and Urban Outfitters. No major economic reports are scheduled.
Binary Options Trading analysis written by Bradley Welcher
Bonds Tumble, Commodities Slide as Dollar Gains
--
Binary Options Report (March 12- March 16)
To read the Weekly fundamental analysis click here
Markets
US markets had an unimpressive session on Frdiay but the major indices posted the weekly gains since last December.
The Dow Jones lost 20.14 points to close at 13,232.62. This ended a a seven day winning streak. The S&P 500 rose1.57 points to close at 1,404.17. The Nasdaq lost 1.11 points to end at 3,055.26.
This week, the DJIA rose 2.40 percent, the S&P rose 2.43 percent, while the Nasdaq jumped 2.24 percent.
DJIA CHART
FOREX
The dollar turned sharpply bearish through the final 48 hours of this past week. Has the bull run come to an end?
Through the past few weeks, we have seen dramatic changes in long standing correlations. the most dramtic being the Bucks standing as asafe haven currency. As of late the dollar has gone in the opposite direction form the market standard like the S&P 500 or carry trade.
The dollar could be turning bearish as a faulty equities rally that is ready to collapse or a systemic change in the buck’s function as a funding and liquidity currency or perhaps it was simply the reflection of lacking conviction behind the one thing that has synced all these markets up: risk appetite trends. Or perhaps all 3 have played a factor in this role.
US Dollar Index
COMMODITIES
Oil rose almost 2% to close at 107.15. Gold closed at 1710.90 for the week.
Oil Chart
EQUTIES
Research In Motion jumped nearly 7 percent amid rumors Samsung may be interested in a minority investment in the BlackBerry maker.
Homebuilders including DR Horton, Lennar and Pulte all declined after posting gains over the last few sessions.
Binary Options Trading analysis written by David Frank
Fundamental Analysis and the Week Ahead
To read the Weekly technical report click here
ECONOMIC NEWS
Consumer sentiment fell in March to 74.3 from 75.3 in February.
The consumer price index increased 0.4 percent in February as gasoline prices jumped, and the core CPI was up 0.1 percent.
Industrial production was unchanged in February. This ending 3 months of increases. Capacity utilization, fell to 78.7 percent.
THE WEEK AHEAD
MONDAY: Fed’s Fisher speaks, Fed’s Dudley speaks, housing market index
TUESDAY: Housing starts, Bernanke speaks, Fed’s Kocherlakota speaks
WEDNESDAY: Weekly mortgage apps, existing home sale, oil inventories
THURSDAY: Jobless claims, FHFA home price index, leading indicators, Green Mountain Coffee shareholders mtg
FRIDAY: New home sales, Fed’s Lockhart speaks, Fed’s Bullard speaks
Binary Options Trading analysis written by David Frank
Energy Rallies, Stocks Mixed on Disappointing US Data
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets traded mixed on Friday. The Nikkei managed to stretch its winning streak to 4, inching up .1% to 10130., and the Shanghai Composite climbed 1.3% to 2405 Amongst the losers, the Kospi slid .5% to 2034, the ASX 200 closed down fractionally, and the Hang Seng declined .2% to 21318.
In Europe, stocks gained, led by insurance companies, which advanced 2% after gaining concessions in the latest EU capital requirements. The FTSE and CAC40 climbed .4%, and the DAX rose .2%.
The major US indexes closed mixed in narrow trading. The Dow declined 20 points to 13234, ending a 7-day winning streak, the S&P 500 rose .1%, to 1404 and the Nadaq eased 1 point to 3055. The VIX dropped 6.2% to 14.47, and touched a 5-year low of 13.76 earlier in the day.
Research in Motion jumped 6.9% on rumors of a potential investment by Samsung in the company.
Bank of America jumped 6.1% to 9.80, as the recent rally in the stock continued.
Treasuries and Commodities
US bonds settled mixed, with 10-year notes down 4/32 to yield 2.29%, while 30-year notes rose 5/32 to yield 3.41%. Overseas, German bonds skidded as anxiety over the sovereign debt crisis eased 10-year notes fell .73 to yield 2.05%, and 30-year notes sank 1.74 to yield 2.71%.
The energy sector rallied, as crude advanced 1.9% to 107.06, while gasoline and natural gas climbed 2.1%.
Metals traded moderately lower. Copper shed .5% to 3.878, gold fell .2% to 1655.80, and silver lost .4% to 32.604.
Currencies
The Dollar tanked on Friday, pressured by disappointing US economic data. The Australian Dollar surged 1.4% to 1.0594, while the Euro and Pound rallied 1.1% to 1.3176 and 1.5838 respectively. The Yen rose .2% to 83.45, and the Canadian Dollar settled flat at .9921.
Economic Outlook
Friday’s economic data was universally weak. CPI data was in line with estimates, rising at .4%, although Core CPI rose just .1%, less than expected. Consumer Sentiment unexpectedly declined last month, slipping to 74.3 from 75.3. Industrial Production was flat, significantly weaker than last month’s .4% growth.
Monday’s sole report will be the NAHB housing market index. Earnings are due from Adobe, InterOil, and Talbots.
Binary Options Trading analysis written by Bradley Welcher
US Stocks Gain, Apple Settles Above $600
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets traded mostly higher on Monday. In Japan, the Nikkei ticked up .1% to 10142, extending its winning streak to 5 days, and in Korea, the Kospi advanced .6% to 2047. Australia’s ASX 200 gained.3% as miners rallied, and the Shanghai Composite edged up .2%. The Hang Seng slumped 1% to 21115, as negative comments regarding Chinese banks weighed on the index.
In Europe, stock closed modestly lower. The CAC40 dropped .5%, while the FTSE and DAX declined less than .1%.
Meanwhile, US stocks gained, but ended off their highs. The Nasdaq rallied .8% to 3078, the S&P 500 climbed .4% to 1410, and the Dow rose 7 points to 13239.
Rumors of a secondary offering by Bank of America hit the company’s shares in the afternoon, which dropped 2.8 to 9.53.
Apple settled at 601.10, up 2.7% after announcing a $2.65 quarterly dividend, and a $10 billion stock buyback plan.
US Steel surged 6.4% after UBS upgraded the stock.
Treasuries and Commodities
Bonds sank, extending last week’s losses. 10-year notes fell 20/32 to yield 2.37%, and 30-year notes dropped 1 4/32 to yield 3.47%.
Crude oil rose .9% to 107.99, natural gas gained .8% to 2.345, and gasoline edged up .2% to 3.3647.
Silver climbed 1% to 32.915, gold rose .4% to 1663, and copper gained .7% to 3.9045.
Currencies
The Dollar dropped against foreign currencies as investors continued to shift capital into riskier investments. The Euro rose .5% to 1.3242, the Pound gained .4%, and the Swiss Franc rallied .6% to 1.0977. The Canadian Dollar advanced .5% to .9870, and the Yen rose .1% to 83.34.
Euro's Bounce Continues
Economic Outlook
The NAHB houing market index came in flat at 28, but was below expectations. 28 is the highest level recorded since June 2007.
Tuesday’s reports will include housing starts and building permits.
Earnings are expected from Cintas, Jabil Circuit, Jefferies, Oracle, and Tiffany.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Signs of China Slowdown Hit Stocks
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets closed mostly lower as indications of a slowdown in China hurt the region. after mining giant, BHP Billiton, said it is seeing signs of “flattening” demand from China. China’s Shanghai Composite sank 1.4% and the Hang Seng slumped 1.1%, while the ASX 200 dropped .4%. Korea’s Kospi closed down .2%, as did the Nikkei.
The negative outlook for China smacked European stocks. the DAX fell 1.4%, the CAC40 dropped 1.3%, and the FTSE shed 1.2%. Auto makers tumbled 4% following a report that Chinese car sales would fall short of forecasts, and miners tanked 3.6%.
European Auto Makers Tumble 4%
US stocks closed lower as well, but were well off their session lows. The Dow erased 69 points to settle at 13170, after dropping 110 points in the morning, the S&P 500 slipped .3% to 1406, and the Nasdaq eased .1% to 3074.
Amazon shares popped 3.7% to 192.33 after announcing the purchase of Kiva System’s, which develops robots for shipping centers.
Tiffany shares jumped 6.7% after raising its outlook for 2012, while Adobe skidded 3.9% after reporting a slowing in revenue growth.
Treasuries and Commodities
Bonds gained modestly as equities fell. 10-year notes rose 5/32 to yield 2.36%, and 30-year notes rose 18/32 to yield 3.45%, snapping their 5-day losing streak.
Commodities tanked across the board. In energy, crude oil slumped 2.3% to 106.07, natural gas shed .9% to 2.329, and gasoline ticked down .2% to 3.361.
Silver lost 2.4% to 32.16, gold declined 1% to 1651, and copper fell 1.8% to 3.839.
Currencies
The weak outlook for metals hit the Australian Dollar particularly hard, dropping 1.2% to 1.0475. The Euro eased .1% to 1.3223, the Pound declined .2% to 1.5858, and the Yen fell .4% to 83.71.
The Swiss Franc settled flat, and the Canadian Dollar fell .5% to .9918.
Economic Outlook
Building permits climbed to .72M, a 3-year high, while housing starts slipped to .70M, dropping 1.1% from last month.
Wednesday’s reports will include existing home sales, weekly mortgage applications, and weekly oil inventories.
Earnings are scheduled for Discover Financial, General Mills, and Herman Miller.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Existing Home Sales Data Disappoints
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Concerns over a possible slowdown in China hit Asian stocks for a second day., particularly resource stocks The Nikkei fell .6% to 10086, as exporters fell heavily. Sony shares tumbled 4.5%. The Kospi dropped .7%, the ASX 200 declined .5%, and the Hang Seng eased .2% to 20857. Ironically, China’s Shanghai Composite bucked the trend, inching up .1% to 2378.
In Europe, the major indexes closed mixed after trading in a narrow range all day. The DAX gained .2%, the CAC40 fell .1% and the FTSE closed flat. Food retailer, J Sainsbury rallied 4.5% after beating analyst forecasts.
US stocks closed mostly lower as disappointing home sales data weighed on sentiment. The Dow slid 46 points to 13124, the S&P 500 slipped .2%, and the Nasdaq rose fractionally.
Dow Drops 46 Points
Oracle shares fell 2.3%, surrendering early gains, despite reporting earnings which beat estimates.
Green Mountain Coffee Roasters surged 10% after announcing it would expand an existing deal with Starbucks to distribute Starbuck’s brand coffee with its brewing machines.
Treasuries and Commodities
Bonds climbed for a second session. 10-year notes rose 18/32 to yield 2.30%, and 30-year notes rallied 1 3/32 to yield 3.38%.
Crude oil rose .7% to 106.85, boosted by a report which showed an unexpected drop in inventories. Natural gas rose .4% to 2.345, while gasoline dropped .3% to 3.3535.
Metals closed higher, led by silver, which advanced 1.1% to 32.17. Gold and copper both gained .2% to 1649.80 and 3.8385, respectively.
Currencies
After rising and falling throughout the day, the currency markets closed near their opening prices. The Euro, Swiss Franc, and Canadian Dollar settled down .1%, while the Pound rose .1%. The Australian Dollar slipped .3% to 1.0450, and the Yen gained .3% to 83.41.
Economic Outlook
Existing home sales dropped .9%, more than expected, to an annualized rate of 4.59M, down from last month’s 4.63M, and the supply of houses rose. Weekly mortgage applications declined, added to concerns over the housing markets recovery.
Thursday’s reports will include weekly unemployment claims, the OFHEO home price index, and leading indicators. Earnings are due from Accenture, ConAgra, Dollar General, Fedex, Gamestop, and Nike.
Binary Options Trading analysis written by Bradley Welcher