Binary Options Daily Review – May 24, 2010
Euro, Dollar Up vs Yen
The dollar and the euro ticked up against the yen in Asia Monday as short-term players in the region reacted to gains in Chinese share markets by selling the safe-haven yen in favor of the two riskier currencies.
Oil looking for a stronger start early this week
Crude futures rose in Asia Monday. Also on the New York Mercantile Exchange, crude futures for delivery in July traded at $70.71 a barrel.
Gold still weaker
Gold futures ended lower for the fourth consecutive session on Friday, as investors dumped the metal, in order to raise cash for stock bargain hunting. “We maintain a positive view on gold given longer-term investor interest remains strong. However, in the near term profit taking and margin requirements given elevated speculative interest could result in a deeper correction,” said market analysts.
U.S. Stocks will look to economic data
U.S. economic data will be flowing thick and fast in the week ahead, with housing reports a particular focus.
European Stocks start the week strongly
European shares climbed on Monday morning, with banks taking back some ground lost last week amid jitters about sovereign finances.
