Binary Options Daily Review August 20, 2010
Stocks:
U.S. stocks fell Thursday as disappointing data on the jobs market and regional manufacturing added to doubts about the recovery, dampening enthusiasm that came with Intel Corp.’s $7.7 billion deal to acquire McAfee Inc.
The Dow Jones Industrial Average closed down 144.33 points, or 1.4%, to end at 10,271.21, with all 30 components in the red for the day. The blue-chip average’s loss broke two straight days of gains.
S&P 500 (1 Year)
Currencies:
Australian Dollar has lost momentum from gains Monday and Tuesday as the pair’s retreat from a 0.9080 high accelerated yesterday after rejection at 0.9020, and the pair dropped more than 100 pips lower, to find support at 0.8885, close to Monday’s low of 0.8860.
On the downside, immediate support lies at the mentioned 0.8885, and below here, 0.8860 (Aug 16 low) and then 0.8740 (Jul 21 low).
On the upside, resistance levels lie at 0.8925/35, and above here, 0.9015 (Aug 19 high) and then 0.9050.
Commodities:
Crude-oil futures finished Thursday at their lowest price since July 7 as the day’s round of macroeconomic reports showed the U.S. economy is poised to grow at a slower pace than earlier this year.
Prices had opened higher but turned lower after a Labor Department report showed a nine-month high for U.S. jobless claims. Oil dipped further after data showed manufacturing activity slowing in the Philadelphia area and a slow rise for the Leading Indicators Index.
