Binary Options Daily Review – May 26, 2010
Europe shares rebound
After a 2.5% downturn on Tuesday, the Stoxx Europe 600 index rose 1.3%. European shares bounced on Wednesday, the Stoxx Europe 600 index rose 2.2%, with investors picking up shares in banks and miners bruised by heavy selling in the previous session.
U.S. Stocks rebound from a nearly 300 point drop in the DOW
U.S. stocks ended a volatile session mostly higher on Tuesday, with a rebound in materials, financial and consumer shares.
U.S. Dollar rises slightly
The U.S. dollar rose slightly against major rivals in early European trading.
Gold rises
Gold prices made small gains on Tuesday as tensions on the Korean peninsula and worries about Europe sparked safe-haven bullion buying.
Oil ends lower but trims some of its losses
Oil futures trim some of their losses as commercial buyers snap up crude at bargain-basement prices and stocks come off their lows.
Binary Options Daily Review – May 24, 2010
Euro, Dollar Up vs Yen
The dollar and the euro ticked up against the yen in Asia Monday as short-term players in the region reacted to gains in Chinese share markets by selling the safe-haven yen in favor of the two riskier currencies.
Oil looking for a stronger start early this week
Crude futures rose in Asia Monday. Also on the New York Mercantile Exchange, crude futures for delivery in July traded at $70.71 a barrel.
Gold still weaker
Gold futures ended lower for the fourth consecutive session on Friday, as investors dumped the metal, in order to raise cash for stock bargain hunting. “We maintain a positive view on gold given longer-term investor interest remains strong. However, in the near term profit taking and margin requirements given elevated speculative interest could result in a deeper correction,” said market analysts.
U.S. Stocks will look to economic data
U.S. economic data will be flowing thick and fast in the week ahead, with housing reports a particular focus.
European Stocks start the week strongly
European shares climbed on Monday morning, with banks taking back some ground lost last week amid jitters about sovereign finances.
Binary Options Daily Review – May 21, 2010
U.S. stocks drop
U.S. stocks tumbled into their first correction of the long bull market Thursday, as investors unloaded stakes in companies with heavy international exposure on worries that Europe’s debt crisis would stall the global recovery. The Dow Jones Industrial Average ended down 376.36 points, or 3.6%. The S&P 500 Index closed down 43.46 points, or 3.9%.
Google, Intel, Apple in the news
Google Inc. gave up more than $19 a share, or 4%, to fall to $475.01. The company used its developers conference as a platform to unveil its new Google TV initiative with partners such as Intel Corp. Google product manager Rishi Chandra said, “It turns out on the Internet people use Flash,” and added that “part of being open means you’re inclusive,” a jab at Apple’s blocking applications which use Flash on its new iPad tablet and the iPhone.
Oil follows stocks down
Crude-oil futures ended lower on Thursday, mirroring steep losses for U.S. stocks and other commodities as investors wrung their hands about energy demand and feared Europe could derail the global economic recovery.
Gold ends lower
Gold futures declined Thursday as ongoing worries about the global economy sent U.S. stocks and other asset classes reeling, and institutional investors shied away from buying more bullion. Investors such as hedge funds have been unloading their long positions, or bets that prices will go higher.
Euro continues its pullback higher
The euro bounced back against major rivals in early Asian trading Friday, getting a lift against its Japanese counterpart after Japan’s finance minister warned about excessive yen strength. This is day 3 of the expected Euro pullback, as investors wait for the next wave of dollar strength.
Binary Options Daily Review – May 19, 2010
Euro at a four year low!
The euro touched a new four-year low against the U.S. dollar in early Asian trading Wednesday, after new reports Tuesday that Germany will ban certain types of short-selling heightened market worries about Europe.
Oil headed south…
Not surprisingly, and as we predicted over the last few days, as the U.S. dollar strengthened, crude-oil futures fell below $68 a barrel in electronic trading Wednesday afternoon in Asia, extending their losses after closing at a seven-month low. Crude Oil Binary Options are also available for trading at StartOptions.com
Gold cooling off after a big run
Gold futures ended lower Tuesday as physical demand was seen as slack and investors pared their positions following bullion’s recent rise. “The uptrend is still intact,” said market analysts, adding that gold’s floor is likely to hover around the $1,214-an-ounce mark.
U.S. Stocks drop on tuesday
U.S. stocks landed with a thud on Tuesday, giving up earlier attempts at gains, as the euro’s slide soured sentiment among investors viewing the currency as a proxy for Europe’s sovereign-debt troubles.
U.S. Stocks headed for a weak start
U.S. stock futures drop Wednesday, the first day of the hastily-drawn-up German short-sale ban, which served to reinforce rather than dispel worries over the health of European governments and the lenders that possess their debt.
Binary Options Market Review 06-May-2010
Stock Binary Options
Asian Sell-Off! Almost all of the Asian region’s major indexes fall 1%-3%. Most Asian markets trade sharply lower on increasing concerns over the spreading debt crisis in Europe, with Japanese exporters with high exposure to Europe taking a hit from the euro’s weakness. Forex Binary Options are rebounding this hour and traded around the 1.2796 level.
European shares also lost ground on Thursday as investors continued to fret about debt levels in countries on the edge of the region. The U.K. FTSE 100 index declined 0.6% to 5,309.34 on the day of a general election, while the German DAX index declined 0.4% to 5,935.26 and the French CAC-40 index lost 1% to 3,600.66. The European Central Bank will announce a decision on interest rates later Thursday.
U.S. stocks fell for a second day Wednesday as worries that Europe’s debt trouble is escalating overshadowed economic reports showing growth in the services sector and additional hiring by private firms. After a triple-digit slide and then a brief visit to positive territory, the Dow Jones Industrial Average closed down 60 points, or 0.6%, to 10,866.83. The latest action is leading U.S. market commentators to suggest that stocks are going much lower, and that the U.S. market’s pullback could be heavier than any since March 2009.
The EUR-USD fell to a fresh 14-month low against the dollar in Asia Thursday as riots in Greece fueled investor concern that the nation can’t implement fiscal reform steps smoothly and may face higher default risk. Three people were killed during demonstrations in Athens Wednesday in protest against the government’s spending-cut and tax-hike plans to avert national bankruptcy. Over the weekend, the government agreed to an EUR110 billion ($141 billion) European Union and IMF debt bailout. The development prompted investors to speculate the nation may not be able to promptly take necessary steps to avoid default, which in turn will increase worries that other debt-suffering European nations such as Portugal may experience similar fates.
Oil Binary Options
Oil prices settled under $80 a barrel on Wednesday, pulled down by a stronger U.S. dollar, concerns about the political unrest in Greece and the state of other European economies, and a higher-than-expected rise in crude inventories. Crude oil for June delivery slumped $2.77, or 3.4%, to $79.97 a barrel on the Comex division of the New York Mercantile Exchange. That is the lowest price for a most-active contract since March 15, according to FactSet Research. Losses were deeper mid-morning and in the last hour of trading. This action is leading market commentators to suggest that people are worried that the bull market is over, that maybe we are seeing the tipping point.
Gold Binary Options
Gold changed direction to settle marginally higher on Wednesday as bullion regained at least some its glow as a hedge against macroeconomic and political unrest. Gold turned as the euro bounced off lows and U.S. stocks paired losses. This has lead market commentators to suggest that the the global political and macroeconomic background is bullish for gold, it shows the viability of gold as an alternative currency. Gold for June delivery added $5.80, or 0.5%, to $1,175 an ounce on the Comex division of the New York Mercantile Exchange.
