Binary Options Market Outlook – July 19 – 23

SPOTLIGHT:

Apple will report results for its fiscal third quarter on Tuesday.

Apple will report results for its fiscal third quarter on Tuesday. The period closed June 27, three days after the iPhone 4 went on sale. It will also be the first reporting period to include sales of the iPad tablet device that was launched in early April. Apple shares have lost more than 4% so far this week, as negative press around the iPhone 4 has built up. On Monday, Consumer Reports said it could not recommend buying the device until Apple addressed the antenna problem.

U.S. stocks to begin volatile week on Monday

Friday’s sharp slide followed a late-session bounce back the day before as investors cheered the government settling its fraud suit against Goldman Sachs Group Inc. The U.S. stock market is likely to begin the new week with some volatility, with investors eying disappointing economic reports and a mixed burst of quarterly earnings reports.

Euro may test $1.30 and higher next week

The Euro and other USD currency pairs will be affected by economic data next week. American Unemployment Claims: Published on Thursday at 12:30 GMT. This release checks the pulse of the US economy every week and serves as an indicator for the Non-Farm Payrolls and American housing figures: Published on Tuesday at 12:30 GMT. The housing sector is critical for the US economy.

Gold may test $1185 and lower next week

Gold hasn’t been able to gather much strength from safe-haven buying Friday, as the downward pressure from other markets was just too great. The settlement below $1,190 brought gold to the bottom of its recent trading range. Gold has traded sideways for the past two weeks.