Binary Options Daily Review – May 19, 2010
Euro at a four year low!
The euro touched a new four-year low against the U.S. dollar in early Asian trading Wednesday, after new reports Tuesday that Germany will ban certain types of short-selling heightened market worries about Europe.
Oil headed south…
Not surprisingly, and as we predicted over the last few days, as the U.S. dollar strengthened, crude-oil futures fell below $68 a barrel in electronic trading Wednesday afternoon in Asia, extending their losses after closing at a seven-month low. Crude Oil Binary Options are also available for trading at StartOptions.com
Gold cooling off after a big run
Gold futures ended lower Tuesday as physical demand was seen as slack and investors pared their positions following bullion’s recent rise. “The uptrend is still intact,” said market analysts, adding that gold’s floor is likely to hover around the $1,214-an-ounce mark.
U.S. Stocks drop on tuesday
U.S. stocks landed with a thud on Tuesday, giving up earlier attempts at gains, as the euro’s slide soured sentiment among investors viewing the currency as a proxy for Europe’s sovereign-debt troubles.
U.S. Stocks headed for a weak start
U.S. stock futures drop Wednesday, the first day of the hastily-drawn-up German short-sale ban, which served to reinforce rather than dispel worries over the health of European governments and the lenders that possess their debt.
