Binary Options Daily Review – June 30, 2010
U.S. stocks slumps to lowest level of 2010
U.S. stocks fell sharply to finish at their lowest level of the year Tuesday after a drop in consumer confidence here and in leading indicators in China dimmed hopes of a global economic recovery.
USD falls to lowest level in 2010 against the Yen. Rises against other majors
The dollar and the Japanese yen rose Tuesday, extending gains, adding to investors’ desire of safe havens amid worries over global growth prospects, this time stemming from data in China and concerns about the health of European banks.
Gold retreats on rising dollar
Gold falls, along with other commodities and U.S. stocks, as a stronger dollar curbs gains that accompany ongoing concerns about the debt crisis in Europe.
Oil drops nearly 3% on China growth worries
Crude futures trade below $76 a barrel, as sharp declines in global equity markets and diminishing worries over a storm in the Gulf of Mexico encourage investors to sell out of positions in oil.
Binary Options Daily Review – June 29, 2010
U.S. stocks end the day lower
A late-day pullback left major stock indexes slightly lower at Monday’s close as traders fretted that the Group of 20’s pledge to cut deficits could crimp global growth.
USD lower against the Yen, Higher against the Euro
The dollar dropped to an eight-week low against the yen in Asia Tuesday. The dollar had risen against major rivals Monday, with gains seen especially against the euro, after a pledge by leaders of the Group of 20 major economies to cut deficits fueled growth uncertainty.
Gold gains more than 1% on Monday
Gold futures declined more than 1% Monday, as the dollar strengthened against other major currencies and stocks recovered from earlier lows.
Oil down 1% as Gulf tropical storm worries ease
Crude futures declined Monday as mildly positive economic data in the U.S. failed to lift markets and bearish sentiment prevailed after concerns about a tropical storm brewing near the Gulf of Mexico eased.
Binary Options Daily Review – June 28, 2010
Bank stocks surged Friday, boosted by relief over a deal on new financial-regulation overhaul, but the gains failed to wipe out more than a fraction of the broader market’s heavy losses for the week. A flurry of conflicting economic data left the benchmark indexes mixed.
U.S. dollar falls for 3rd straight week
The dollar fell against the euro on Friday, ahead of meetings of the Group of Eight and Group of 20 leading industrialized nations in Toronto that are expected to focus on efforts to support economic growth while acknowledging the problems that can follow oversized deficits. For the week, the dollar index has slipped for a third week, from 85.699. Last Friday, the euro traded at $1.238. The dollar has also lost ground against the yen, falling for a third week from ¥90.83.
Oil rallies more than 3%
Crude-oil and gasoline futures settled more than 3% higher on Friday, as investors worried about a potential tropical storm brewing in the Caribbean. Light, sweet crude for August delivery added $2.35, or 3.1%, to $78.86 a barrel on the New York Mercantile Exchange, arriving at a weekly gain of 2.2%.
Gold close to record high
Gold futures on Friday ended tantalizingly close to a fresh record, as the precious metal continued to benefit from strong investor demand and jitters ahead of a gathering of world leaders. Gold for August delivery added $10.30, or 0.8%, to settle at $1,256.20 an ounce on the Comex division of the New York Mercantile Exchange.
Binary Options Daily Review – June 23, 2010
U.S. stocks end sharply lower
U.S. stocks finished Tuesday’s session sharply lower as energy stocks sank after a federal judge struck the Obama administration’s moratorium on deepwater drilling projects in the Gulf of Mexico. Stocks were already under pressure after disappointing housing data although a report showing strength in regional manufacturing had lent some support to the market.
Dollar steady ahead of Fed
gains in the dollar were unlikely for the rest of the day, as many investors bet the U.S. Federal Reserve may take a more cautious tone on the economy at the end of a regular policy meeting later in the day.
Gold advances slightly
Gold futures rose 10 cents Tuesday after swerving most of the session amid low volumes, as investors seemed to be unable to make up their minds ahead an interest-rate decision in the U.S. and contract expiration later this week.
Oil loses 1% on Tuesday
Crude-oil futures ended 1% lower Tuesday, giving up on the $78-a-barrel level as stocks moved deeper into the red and no positive catalyst for oil emerged.
Binary Options Daily Review – June 22, 2010
U.S. stocks drop on Yuan news
U.S. stocks turned lower Monday as investors considered the pace at which China would revalue its currency and a downgrade of French banking giant BNP Paribas reignited worries about Europe’s debt troubles.
Dollar falls vs. Euro on Monday
The U.S. dollar gained on the euro and Australian dollar in early Asian trading Tuesday, taking back some of the ground lost in the previous session following China’s weekend announcement that it will ease its de-facto currency peg to the greenback.
Gold falls 1.4% from record high
Gold futures on Monday notched their worst one-day decline since mid-May, a reversal sure to delay gold’s hopes of reaching the $1,300-an-ounce mark before the first half of the year is out. Silver down, loses nearly 2%.
Oil jumps on Monday, then reverses
Crude-oil futures managed to keep modest gains Monday as investors weighed whether optimism after China’s decision to allow more flexibility for its currency warranted the earlier, sharp moves higher.
Binary Options Daily Review – June 17, 2010
U.S. stocks hold at current levels
U.S. stocks closed mixed Wednesday as gains in American Express and Caterpillar helped push the Dow Jones Industrial Average slightly higher, but the Standard & Poor’s 500 index was weighed down by consumer stocks.
BP shares pointing down after dividend statement
BP PLC shares edged lower late Wednesday, following a dayside climb after the company outlined changes in its dividend policy. Earlier Wednesday, the oil giant agreed to set aside $20 billion in an escrow account for claims related to the oil spill in the Gulf of Mexico.
Euro down versus dollar, yen
The euro fell against the yen and dollar in Asia Thursday as short-term investors trimmed holdings of the risk-sensitive euro due to renewed concerns over European debt woes.
Oil reaches $77
Oil prices settled higher Wednesday as investors discounted an unexpected rise in crude inventories and futures ran higher with U.S. stocks.
Gold ends lower
Gold prices inched down Wednesday after dipping in and out of the red most of the session as investors seemed to go for stocks and other rising riskier assets.
Binary Options Daily Review – June 16, 2010
U.S. stocks pointing to a weak start, after a huge rally yesterday
U.S. stocks ended Tuesday with strong gains, with improving New York-area manufacturing data and stabilizing sentiment toward Europe helping the S&P 500 break through its 200-day moving average. The Dow Jones Industrial Average surged 213 points.
U.S. dollar continues its pullback against the euro. Euro tops $1.23
The dollar declined and the euro touched the highest level since early this month as investors’ confidence in the global recovery continued to improve Tuesday, supporting stocks and reducing the appeal of the greenback for its relative safety.
Gold starts a modest swing up
Gold futures ended higher on Tuesday, finding firmer ground in some safe-haven buying after seesawing earlier in the session.
Oil rising
Crude-oil futures rose Tuesday, buoyed by a weaker dollar and positive economic reports that brightened investors’ expectations of energy demand.
Binary Options Daily Review – June 15, 2010
U.S. stocks close lower
A rally in U.S. stocks throughout the trading day was later smashed during the last two hours of trading on Monday as a downgrade to Greece’s debt rating dominated the news of Europe’s debt issues.
Dollar drops most in 3 weeks
The U.S. dollar dropped Monday by the most in three weeks against the euro as renewed investor appetite for equities and other assets undercut safe-haven demand. The U.S. dollar turned lower against the Japanese yen after Greece’s downgrade.
Gold follows the US dollar down
Gold settled marginally lower Monday after Moody’s Investors Service downgraded Greece’s debt ratings. Investors seeking to increase their equities positions, in anticipation of a possible rebound in the U.S. stock market, sold safe havens including Gold and the U.S. dollar.
Oil holds at current levels
Crude-oil futures rose Monday as investors reacted to stronger European manufacturing data, although they sold off their gains after Moody’s Investors Service cut Greece’s debt ratings.
Binary Options Daily Review – June 14, 2010
U.S. stocks rise
U.S. stock futures rose Monday as confidence returned that global growth won’t be curtailed by the European debt crisis. S&P 500 futures rose 7.5 points to 1,092.50 and Nasdaq 100 futures grew 11.75 points to 1,854.20. Futures on the Dow Jones Industrial Average rose 62 points.
Dollar gains against yen, lower against euro
The dollar gained against the Japanese yen but slipped against the euro and pound in Asian trading Monday, as strength in equities helped boost appetite for the riskier currencies and trigger an unwinding of some short positions against the European currencies.
Gold makes gains
Gold prices rose modestly on Friday, a lackluster end of a week that saw bullion soar to a record $1,245.60 an ounce on Tuesday.
Oil reclaims the $75 mark
Crude oil futures rally more than 2%, reclaiming the $75-a-barrel mark, as stronger European manufacturing data and a return of investor enthusiasm for stocks, commodities and other assets is followed by a weaker dollar which makes oil more expensive.
Binary Options Daily Review – June 11, 2010
U.S. stocks rally strongly in third strongest day of the year
U.S. equities race higher as investors leave the dollar in favor of the euro and riskier assets. The euro gained ground after Germany’s highest court declines to block the government from contributing to the program to prevent defaults in the euro zone and the ECB sent strong euro signals.
AAPL and GOOG among the big winners
Tech stocks surged yesterday and Apple and Google were among the big winners, gaining 3% each.
Dollar drops as ECB send strong signals
The dollar dropped against the euro Thursday after European Central Bank President Jean-Claude Trichet said the central bank would maintain its liquidity measures but not increase or add any.
Gold losses ground as investors leave safe havens in favor of stocks
Gold futures retreat as traders key on remarks by the chief of the European Central Bank and a key regulator in China.
Oil gains to $75 as dollar retreats
Crude-oil futures gain nearly 1%, reclaiming the $75-a-barrel level, as the dollar loses ground against the euro.
