Binary Options Daily Review July 26, 2010

SPOTLIGHT

Euro Hits 7-Week High Vs Yen After Stress Tests

The euro rose to a seven-week high against the yen in Asia Monday as hedge funds in the region bought the common currency, feeling relieved that results of stress tests of European banks did not bring any big surprises. The dollar made early gain against the euro on Friday as U.S. stocks gained, relieved to have the European banks’ stress tests in the past.

U.S. stocks will be very volatile this week

With a flood of corporate earnings results due out this week, high volatility is expected in the U.S. stock market. Other potential land mines in a week filled with earnings and economic reports include gauges of U.S. consumer sentiment and weekly jobless-claims numbers.

Gold ended lower Friday

Gold ended lower Friday, leaving a flat week behind as it lagged behind most other metals and results from the European bank-stress tests failed to spur any safe-haven buying.

Oil down on Friday on stress test results

Crude-oil futures moved a little deeper into negative territory Friday as the results of European bank stress tests trickled in, with energy products getting very guidance from a mixed stock market.