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.
Binary Options Daily Review August 18, 2010
Stocks:
U.S. stocks rallied Tuesday, with the Dow Jones Industrial Average ending a five-session losing streak and rising 103.84 points, or 1%, to end at 10,405.85.
BHP in the news
Potash Corp. of Saskatchewan Inc.’s rejection of suitor BHP Billiton Ltd. unleashed a rally among agricultural companies and retailing giant Wal-Mart Stores Inc.’s earnings topped estimates.
Currencies:
The U.S. dollar declined against the euro on Tuesday, with the euro finding support after an auction of Irish government debt garnered solid demand. The euro rose to $1.2887, up from $1.2813 in late North American trading on Monday. Last week, the euro fell to a three-week low.
Commodities:
Thanks in part to a weaker dollar, Gold futures closed higher Tuesday, to end at a six-week high. Gold for December delivery ended the New York floor session up $2.1, or 0.2%, to $1,228.3 an ounce on the Comex division of the New York Mercantile Exchange.
The euro bounce had a great affect on Oil futures. Crude-oil futures on Tuesday rebounded from five-week lows to break a six-session losing streak, lifted by a weaker U.S. dollar and rising stocks. Crude for September delivery gained 53 cents, or 0.7%, to settle at $75.77 a barrel on the New York Mercantile Exchange.
Binary Options Gameplan – 28-07-10: Gold Bearish (continued)…
Gold continues its plunge since we highlighted the very bearish Pivot chart pattern last week. We now expect Gold to consolidate at these levels, and then start moving again as the Euro gathers momentum.
Binary Options Daily Review July 26, 2010
SPOTLIGHT
Euro Hits 7-Week High Vs Yen After Stress Tests
The euro rose to a seven-week high against the yen in Asia Monday as hedge funds in the region bought the common currency, feeling relieved that results of stress tests of European banks did not bring any big surprises. The dollar made early gain against the euro on Friday as U.S. stocks gained, relieved to have the European banks’ stress tests in the past.
U.S. stocks will be very volatile this week
With a flood of corporate earnings results due out this week, high volatility is expected in the U.S. stock market. Other potential land mines in a week filled with earnings and economic reports include gauges of U.S. consumer sentiment and weekly jobless-claims numbers.
Gold ended lower Friday
Gold ended lower Friday, leaving a flat week behind as it lagged behind most other metals and results from the European bank-stress tests failed to spur any safe-haven buying.
Oil down on Friday on stress test results
Crude-oil futures moved a little deeper into negative territory Friday as the results of European bank stress tests trickled in, with energy products getting very guidance from a mixed stock market.
Binary Options Gameplan – 22-07-10: USD/JPY very Bearish…
The USD/JPY currency pair is forming a formidable inverse cup-and-handle chart pattern (indicated in circles on the daily chart below of the USD/JPY). Resistance is as 86.000 past which much lower prices are possible. Those of us who follow the dollar index are aware of dollar weakness against other currencies as well. This could lead to excellent Binary Option Put trades.
Binary Options Gameplan – 14-07-10. Gold in the spotlight
Gold is settings up particularly interesting Binary Options trading opportunities. As seen in the daily chart of Gold futures below, Gold’s price is consolidating just below the 50 day moving average. As long is the resistance created by the 50 day moving average continues to create this price range, Binary Options trading strategies that take advantage of this resistance can very rewarding.
Binary Options Gameplan – 13-07-10
Silver Channel
Silver is forming a tight rising channel on the daily bar chart. This can lead to great setups for trading the range in this channel using Binary Options.
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Binary Options Market Outlook – July 12 – 16
Spotlight:
Google earnings forecast:
Jul 15, 2010 Q2 2010 Earnings Conference Call – 4:30PM EDT
Jul 15, 2010 Q2 2010 Earnings Release – 4:00PM EDT
Google is set to release its Q2 earnings report later this week. In the meantime investors have been buying Google stock in anticipation that Google may again have positive earnings and reflecting that the stock may be oversold. Earlier Google passed through its 20 day moving average and resistance is expected ahead of its 50 day moving average.
U.S. Stocks: Earnings Season Begins July 9, 2010
Alcoa starts week that includes reports from Intel, Google, AMD, GE, Citi, Bank of America and Chase. The S&P500 index has been on the rise in anticipation of earnings season as investors are optimistic about the Q2 numbers.
Currencies: U.S. dollar will be tested by economic release data
American Retail Sales: Published on Wednesday at 12:30 GMT. This all-important consumer related figure was very disappointing last month – sales dropped by 1.2% and core retails sales by 1.1%. This hurt the dollar last month. A recovery now will support it.
American Unemployment Claims: Published on Thursday at 12:30 GMT. After a positive surprise last week, with a drop back to 454K. All in all, this tight range isn’t too good. Only a drop under 430K will give hope of a serious improvement in the job market. A rise above 480K will be worrying.
American CPI: Published on Friday at 12:30 GMT. A rise in consumer prices is the key for a rate hike, but this isn’t due soon. CPI dropped by 0.2% last month and is expected to tick up this time. Core CPI, which is closely watched by the Federal Reserve, rose by only 0.1% last month, and no big change is due this time.
Gold to hold $1,200 oz
Gold futures are widely expected to hold the $1,200 oz resistance. All this depends largely on earnings season in the U.S., as investors decide whether or not to move into riskier investments or to jump to safe havens.
Oil prices to consolidate with lower prices possible
Oil futures may follow the dollar index and U.S. earnings reports. Whether U.S. stocks continue higher as expected will affect the U.S. dollar as investors seek riskier assets.
Binary Options Gameplan – 07-07-10
The most interesting instrument in the spotlight is definitely the EUR/USD, which is dragging all other instruments with it, like Gold and U.S. stocks.
Looking at a technical analysis of the EUR/USD, a very impressive Inverse Head and Shoulders chart pattern followed by a Bull Flag consolidation is highlighted in the daily chart below. This will lead to higher prices in the short term. But before the prices move higher, the Slow Stochastic analysis (below the chart) which is currently OverBought (above 80) must move back below 80 out of Overbought territory.
Break out of the Head and Shoulders upwards can be a trigger for buying a Binary Call Options. Failure of this currency to rise with the Stochastic overbought level can be the trigger for a trend reversal downwards and buying Binary Put Options.
Click on the Chart to enlarge:
This material should not be construed in any circumstances as a recommendation or offer to sell or recommendation or solicitation of any offer to buy any security or other financial instrument by startoptions.com, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. startoptions.com does not warrant or represent (expressly or impliedly) that the material is accurate, complete, not misleading or as to its fitness for the purpose intended and it should not be relied upon as such.
Binary Options Daily Review July 6, 2010
U.S. stocks poised for gains at the open
U.S. stock futures were pointing higher Tuesday as traders return from a long holiday weekend, with hawkish comments from the Australian central bank supporting markets as well as a rally in Chinese and European stocks.
U.S. Dollar down, Australian Dollar up
USD weaker as stocks gain after ISM report. Australian dollar up 2% after central bank leaves policy rate unchanged.
Gold continues downward trend
Gold extends losses as euro strengthens. Prices drop below key $1,200 mark for the first time in seven weeks.
Oil gains after 6 days down
Crude-oil futures on Tuesday rose for the first time in six days, as the weakening U.S. dollar and rising global equities boosted sentiment in the energy markets.
