Binary Options Daily Review July 30, 2010

Posted by Joe on Friday, July 30, 2010 · Leave a Comment 

SPOTLIGHT

EUR/USD at 3 month high

As we anticipated just days ago, the dollar fell to the lowest level in nearly three months against the euro Thursday, with the greenback extending its loss versus the Japanese yen, amid positive confidence data for Europe and more downbeat comments about the U.S. credit rating and economic growth.

U.S. stocks end down on Thursday

U.S. stocks finished lower on Thursday, with disappointing corporate results and a Fed official’s warning on deflation sapping some of the optimism drawn from earnings season and the market’s strong gains in July.

Gold moves higher

Gold futures ended higher Thursday, amassing more gains as the stock market turned lower, the dollar remained weaker, and gold’s lower prices enticed bargain hunters and Asian buyers of physical metal.

Oil makes big gains as dollar weakens

Crude-oil and natural-gas futures jumped Thursday on a weaker dollar and a general optimism about the outlook for commodities that held even as stocks turned lower.

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