Binary Options Daily Review August 6, 2010
Stocks
U.S. stocks slightly lower Thursday ahead of Payrolls report
U.S. stocks recovered to finish slightly lower Thursday as investors braced for the government’s monthly payrolls report on Friday morning.
Currencies
U.S. dollar lower ahead of Payrolls report
The U.S. dollar declined slightly against the euro on Thursday on thin trading ahead of Friday’s U.S. jobs report, which is expected to show private employers hired while overall payrolls dropped.
Commodities
Gold closes higher for 7th straight session
Gold for December delivery, the most actively traded contract, settled up $3.40, at $1,199.30 an ounce. Gold actually passed $1,200 with an intraday high of $1,202.80 an ounce and an intraday low of $1,192.
Oil ended lower on Thursday
Oil closed down on Thursday, following stocks, as traders histated to open positions ahead of U.S. payrolls data.
Binary Options Daily Review August 5, 2010
Stocks: U.S. stocks end higher on Wednesday
U.S. stocks end higher Wednesday due an improving labor situation and better-than-expected growth in the services sector which helped to assuage investor fears about the struggling economic recovery’s ability to create jobs.
Currencies: Euro and Pound slightly down versus the dollar
The euro fell slightly to $1.3150 from $1.3157, and the British pound finished at $1.5877, down from $1.5887.
Commodities:
Gold rises just below $1,200
Gold futures rose for a sixth straight session on Wednesday as buyers continued to support prices, but ended less than $5 short of the $1,200-an-ounce level.
Oil down slightly on Thursday
Crude futures edged down Wednesday, snapping a four-session winning streak as the dollar strengthened slightly.
Binary Options Daily Review August 4, 2010
SPOTLIGHT: USDJPY
Currencies:
USDJPY to new 8 month lows
The dollar fell to a fresh eight month-low against the yen Wednesday in Asia, dealing a blow to Japanese share prices and fueling speculation that the government could pressure the Bank of Japan to take further easing steps to ward off sharper falls.
Stocks:
U.S. stocks fell Tuesday
U.S. stocks fell Tuesday, halting Monday’s strong start to the month as disappointing earnings and economic reports had investors questioning the strength of the recovery.
Commodities:
Oil at 12 week high
Crude-oil futures hit a 12-week high Tuesday, as the dollar remained weaker and traders awaited the first batch of inventories data.
Gold rose modestly
Gold rose modestly Tuesday as China outlined plans to support the growth of its bullion market, the dollar remained weaker and Asian buyers moved into the market.
Binary Options Daily Review August 3, 2010
SPOTLIGHT: Stocks: U.S. stocks rally 2%
The Dow Jones Industrial Average closed up 208.44 points, or 1.99%, at 10,674.38, with all of its 30 components in the black. The strong start to August comes on top of a July that saw the Dow climb 7.1%, its biggest monthly gain since July 2009. The market burst out of the gate with triple-digit gains following stronger-than-expected quarterly reports from European banks.
Currencies: U.S. dollar free-falls as investors seek risk in stocks
The U.S. dollar tumbled Monday, sending the euro to its highest level since early May, after global manufacturing data and comments from Federal Reserve Chairman Ben Bernanke cast the U.S. economic recovery in a gloomier light than some of its rivals.
Metals: Copper makes 4 month highs
Copper settling at its highest since late April, silver finishing at its peak since June 30 and palladium and platinum ending at their highest since mid May.
Energy: Oil Rallies 3%
Crude-oil futures rallied 3% Monday, finally shattering the $80-a-barrel ceiling they had struggled with for weeks and closing at their highest in nearly three months.
Binary Options Daily Review August 2, 2010
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.
Binary Options Daily Review July 30, 2010
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.
Binary Options Daily Review July 29, 2010
SPOTLIGHT
Oil prices rise on weaker dollar
Oil futures were up in Asia Thursday, supported by weakening dollar and signs of U.S. gasoline demand.
U.S. stocks fall
U.S. stocks fell Wednesday after downbeat economic reports had Wall Street second-guessing expectations for economic growth in the second quarter, with that data coming in two days.
The dollar slips
The dollar slipped on Wednesday after the U.S. Federal Reserve’s Beige Book underscored the fragility of the U.S. economic recovery and durable-goods orders showed an unexpected June drop.
Gold makes a minor comeback
Gold made a minor comeback Wednesday as the previous session’s three-month low enticed a few bottom fishers.
Binary Options Daily Review July 27, 2010
SPOTLIGHT
As we forecasted last week, the Dollar fell to lowest since April yesterday
The dollar fell to its lowest level since April on Monday, as U.S. stocks added to gains after a report showed sales of U.S. new homes rebounded in June by more than economists had forecast.
U.S. stocks end higher on Monday
U.S. stocks on Monday closed higher for a third straight session, with FedEx Corp.’s improved outlook and a break from disappointing economic data helping lift the Dow industrials back into positive territory for the year.
Gold lower on Monday
Gold prices settled modestly lower Monday, unable to drum up much interest, as a jump in sales of new homes took off some of gold’s shine as a safety buy and sent copper soaring to a two-month high.
Oil holds at current levels
The needle didn’t budge for crude-oil futures, which settled Monday at the previous session’s closing price as enthusiasm for earnings and a new-home sales jump was tempered by mixed expectations for inventories this week.
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 25, 2010
Forex update: Euro in free-fall
The euro kept falling against the dollar and yen as concerns grow that the euro-zone’s sovereign debt turmoil has started to undermine the health of the region’s financial system.
British shares fall through key level
The FTSE 100 falls below the 5,000 level for the first time since late last year on Tuesday, pulled down by heavy losses for banks and miners.
European stocks suffer steep losses
European shares fell sharply on Tuesday, with banks and miners taking the brunt of the selling as investors fretted over tensions in Korea as well as problems with debt burdens and bank balance sheets closer to home.
U.S. pointing to a very weak start after steep losses on Monday
U.S. stock futures pointed to a turbulent start Tuesday amid tensions in North Korea and euro-zone debt and bank concerns. The Dow Jones Industrial Average dropped 199 to 9,844.00. A late sell-off sent stocks to a steep loss Monday that erased all the previous session’s gains, underscoring that investors’ fears about Europe’s credit crisis and tighter rules on Wall Street are still running strong.
‘Bull case’ for Apple
Apple’s shares get a lift after a Morgan Stanley analyst says the tech blue-chip could be worth $400 a share.
Oil edges up despite strong dollar
Crude inched up Monday, hanging on to higher prices even as futures battled a stronger dollar and a down day for U.S. stocks.
No surprise, Gold higher
Gold and other metals futures bounced back on Monday, with investors more eager to buy bullion as prices had come off from their record mid-May highs.
