Binary Options Daily Review August 2, 2010

Posted by Trader Joe (Chief Market Analyst, StartOptions) on Monday, August 2, 2010 · Leave a Comment 

SPOTLIGHT

USDJPY at lowest level since 1995

Versus the Japanese yen, the dollar fell to ¥86.40 from ¥86.92 Thursday. The dollar fell to ¥85.94 intraday, its lowest level since 1995.

U.S. stocks slightly down Friday; Up 7% for July

The Dow Jones Industrial Average reversed an early 120-point loss to close down 1.22 points, or 0.01%, at 10465.94. That puts the index up 7.1% on the month — the first positive month for U.S. stocks since April and the best month since last July, when stocks were in the midst of a 70% bull run.

Gold slightly up on Friday; Worst month since December

Gold futures rose modestly Friday, as a government report showed a slower pace of economic growth for the U.S. Gold lost 5% in July, its worst month since December.

Oil higher on Friday; July was best month since March

Crude-oil prices reversed higher and closed the week near $79 a barrel on Friday, notching their best month since March.

Filed under Binary Options, Market Updates · Tagged with

Comments are closed.