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 – 08-07-10
This is a great opportunity to take advantage of a significant technical pattern on the daily chart of the S&P500 index. The index is recovering from the oversold area (below 20) of the slow stochastic analysis, technically signifying the entry into a swing trade. A swing trade is a trade into a trend that may last anywhere from 3 to 5 or more days. Recognizing this trend can provide great opportunities for buying Binary Call Options. These opportunities may occur throughout the next few days as long as the trend persists.
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.
All Eyes on the Euro: May 24-28 Weekly Outlook
The Greek crisis was not only far from over, but it turned into a global issue. The latest news is the German’s parliament’s approval of the latest bailout package. Fresh news from Europe will continue shaking the markets, as well as the indicators.
GDP releases from the US and Britain, housing figures from the US are among the major market movers expected this week. Will the markets stabilize? Or will the crazy trading continue? Here’s the weekly outlook.
1. American Existing Home Sales: Published on Monday at 14:00 GMT. The housing sector is an important element in the economy. Existing home sales are the vast majority of sales, so this figure always has a strong impact on forex trading. Last month saw 5.35 million sales, significantly better than expected. Another improvement is predicted this time – 5.61 million. Note that this release comes on an empty calendar.
2. British GDP: Published on Tuesday at 8:30 GMT. According to the initial release, Britain’s economy grew by only 0.2% in Q1. This figure was a blow to the Pound. In this revised version (not final yet), an improvement to 0.3% is expected. This will rock the Pound.
3. American CB Consumer Confidence: Published on Tuesday at 14:00 GMT. The Conference Board showed a great result last month – 57.9, the highest in 18 months. Another improvement is predicted in this major indicator – a survey of 5,000 people.
4. Ben Bernanke talks: Starts speaking on Wednesday at 00:30 GMT. The Chairman of the Federal Reserve flies to Japan amidst the big crisis in Europe. In a speech about central banks, Bernanke will be asked questions by the audience and might rock the markets.
5. American Durable Goods Orders: Published on Wednesday at 12:30 GMT. This figure was confusing last month: orders saw a drop of 0.6%, while the core figure was totally different – a rise of 3.5%. These numbers will shake the markets again. A rise of 1.4% is predicted in orders, and 0.5% in core orders.
6. American New Home Sales: Published on Wednesday at 14:00 GMT. Completing Monday’s release of existing home sales, this figure will probably continue the positive trend from last month, when new home sales leaped from 324K to 411K, rocking the markets. A rise to 420K is expected now.
7. American GDP: Published on Thursday at 12:30 GMT. This is the second release of GDP for the first quarter of 2010. Also here, more good news is expected – the annual growth rate is expected to be revised from 3.2% to 3.5%, getting closer to the outstanding growth rate in Q4.
8. American Unemployment Claims: Published on Thursday at 12:30 GMT. This important weekly release disappointed last time with a jump to 471K. Jobless claims are expected to return to 446K this time. A similar leap in April was followed by a return to the 440Ks. Note that the this number failed to drop below 430K – which seems a very strong barrier. This must be broken for the unemployment rate to drop as well.
9. Japanese Tokyo Core CPI: Published on Thursday at 23:30 GMT. Japan’s biggest problem is the drop in prices – deflation. This indicator from the capital is the earliest and most important of all inflation numbers. After showing an annual drop of 2% in prices for quite some time, this figure is expected to show a smaller drop – 1.5%, the lowest in 11 months. This could boost the yen, that already enjoys risk aversive trading.
10. Swiss KOF Economic Barometer: Published on Friday at 9:30 GMT. The former “safe currency” enjoys a strong economy. This major composite index edged up in the past months, and is now predicted to rise from 1.99 to 2.04, showing the stability and strength of the economy. Will it help the currency?
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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 Daily Review – May 18, 2010
Binary Options Market Highlights
EURUSD edging lower
If you have been following our previous newletters about the Euro’s expected decline, you are probably in the money by now. The euro had dropped to $1.2341 as of 0450 GMT from $1.2392 in New York late Monday, and fell to Y114.13 against the yen compared with Y114.64. Traders said that U.S. banks and Japanese institutional players appeared to be behind the selling.
Crude Oil Settles at 5-month low, barely above $70
Crude-oil ended at a five-month low Monday amid concerns that Europe’s debt troubles will slow down the global economic recovery and, by extension, demand for oil. We anticipate Oil to weaken further should the U.S. Dollar continues to strengthen as expected, but we are keeping a keen eye on the Oil spill in the Gulf of Mexico which could trigger a possible rebound.
Gold ends higher; copper drops 6.5%
As we promised all week long in our newsletters, Gold continues its march higher. While Gold slowly edges higher and appears to be resting at these levels, we expect Gold prices to continue higher following the stronger U.S. dollar.
U.S. Stocks are now poised for a recovery
Blue chips erase a nearly 200-point slide with major U.S. stock indexes finishing modestly higher, after a late-session reversal led by technology companies overrode worries that Europe’s debt troubles would deny any chances of global economic growth.
AAPL, GOOG, MSFT lead the late session rally
Technology stocks put the brakes a on losses Monday, as the sector rallied late in a session highlighted by broad-market concerns about the state of the global economic recovery. Aadvances came from Google Inc. (GOOG 507.97, +0.44, +0.09%) , Intel Corp. (INTC 22.02, +0.13, +0.59%) , Microsoft Corp. (MSFT 28.94, +0.01, +0.03%) and Apple Inc. (AAPL 254.22, +0.40, +0.16%).
US dollar and Gold are the biggest winners as everyone runs for safety: May 17 – 21 Weekly Outlook
Stocks, U.S. Futures, Euro Tumble on Bailout Plans: Pound Drops, Oil Falls: Figures from all over the world are expected this week, with Japanese GDP, European surveys and major US inflation figures standing out. As the focus remains on the Euro – threatening the “Lehman level”, we can be sure to get an exciting week trading binary options online. Let’s see what’s awaiting us this week.
One aspect of recent week’s trading is the dollar’s safe haven status. The yen also enjoys this status, but it wasn’t always this way. Here’s a side story of how the yen took this role from the Swissy. OK, let’s begin reviewing the events:
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1. TIC Long-Term Purchases: Published on Monday at 13:00 GMT. This figure represents the flow of cash to the US, and expresses confidence in the economy. After rising to 120 billion and dropping to 20, 47.1 billion dollars flowed last month, exceeding expectations. It’s expected to be higher this time – 50.5billion.
2. British CPI: Published on Tuesday at 8:30 GMT. Inflation picked up in Britain, and passed the government’s target of 1-3%. Mervyn King dismissed this rise and blamed it mostly on oil prices. Indeed, prices didn’t get out of control and they now stand at an annual rate of 3.4%. A rise towards 4% will stir the expectations for a rate hike, but expectations are talking about 3.5%.
3. German ZEW Economic Sentiment: Published on Tuesday at 9:00 GMT. This major survey finally recovered last month – after 6 months of drops that hurt the Euro. The rise to 53 points helped stabilize the Euro. Given the deteriorating debt troubles across the continent, this survey of 350 investors will probably drop this time.
4. American housing figures: Published on Tuesday at 12:30 GMT. American building permits surprised with a rise to 690K last month, exceeding expectations after a few stable months. Also housing starts surprised, and both figures pushed the greenback together. If both figures go in the same direction again, this will boost the dollar.
5. American PPI: Published on Tuesday at 12:30 GMT. Here we got confusing figures last time – producer prices rose by 0.7%, almost double the expectations, yet Core PPI rose by only 0.1%, signalling that prices remain very very stable.
6. American CPI: Published on Wednesday at 12:30 GMT. Consumer prices are more important for policymakers. Here, both figures are almost deflationary. CPI rose by 0.1% last month, while Core CPI remained unchanged. A rise of at least 0.5% in Core CPI is needed for talks about a rate hike to stir.
7. American FOMC Meeting Minutes: Published on Wednesday at 18:00 GMT. The last meeting of the FOMC saw no major changes. The pledge to keep the Federal Funds Rate at low levels for an extended period of time remained intact. In this release, we might learn about the members’ different opinions. This will probably cause choppy trading, but no long term effects.
8. Japanese GDP: Published on Wednesday at 23:50 GMT. This is the first release for Japan’s Q1 GDP. The land of the rising sun saw 3 quarters of growth. Last quarter’s 1.1% growth was well received, yet deflation still weighs on the currency. A smaller growth rate is expected this time.
9. American Unemployment Claims: Published on Thursday at 12:30 GMT. As always, this weekly release causes the markets to shake, as it gives a fresh view of one of the most important indicators for the economy. A small drop from 44K to 439K will probably be printed now.
10. American Philly Fed Manufacturing Index: Published on Thursday at 14:00 GMT. This important indicator is a good representation of the recovery in the US – it has risen in the past three months, exceeding expectations each time. From 20.2 points printed last month, its predicted to edge up a little bit higher.
11. Japanese rate decision: Published on Friday. Japan’s Overnight Call Rate isn’t expected to move from 0.1%. The BOJ Press Conference that accompanies the release is of high importance – the words heard there always move the markets just before the London session begins.
12. German Ifo Business Climate: Published on Friday at 8:00 GMT. This major European survey climbed steadily in the past year. Also last month, a positive surprise was recorded when score passed the 100 point mark. It will probably remain unchanged now.
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Binary Options Daily Review – May 13, 2010
Stock Binary Options News
European shares surged on Monday behind outsize gains for financials, after European finance ministers and central bankers agreed a program designed to stop a crisis that started in Greece spreading through the rest of the region. The gains (FTSE and CAC40 indexes as much as 6%, Barclays jumped 11.2%), came after European finance ministers and central bankers agreed late Sunday on a new loan program that could top 750 billion euros ($970.6 billion), designed to keep the Greek debt crisis from spreading to other vulnerable European countries. The European Central Bank confirmed late Sunday that it will buy bonds in the secondary market to ensure liquidity for “dysfunctional” market segments.
The European Union’s massive funding to help defend vulnerable nations in the euro zone served to boost risk appetite that lifted most Asian stocks and currencies Monday. But while analysts described the move as just what the doctor prescribed to repair investor sentiment, some said worries about the ability of member European countries to slash their yawning fiscal deficits still remain.
Currency Binary Options News
The EURUSD surged against its major counterparts in early Asian trading Monday, after European finance ministers agreed late Sunday the rescue package aimed at containing damage from Greece’s debt woes. The EURJPY was up 2.7%. The EURUSD was trading as high as $1.30500, up from $1.2714 in late North American trading on Friday morning.
Commodities Binary Options News
Gold futures fell as far as $14 an ounce Monday in electronic trading on Globex afternoon in Asia, poised to give back Friday’s gain as news of a plan to prevent the spread of the Greek debt crisis dulled gold’s investment appeal. By the early Asian afternoon, Gold for June delivery was down $13, or 1.1%, to $1,197.40 an ounce on Globex, after touching an intraday low of $1,196.10 in electronic trading. rude-oil futures climbed more than 2% in electronic trading on Globex Monday afternoon in Asia, rebounding on the heels of a European plan to prevent the Greek debt crisis from spreading.
Crude Oil for June delivery, the most active contract, climbed $1.75, or 2.3%, to $76.86 a barrel on Globex after tapping an intraday high of $76.91 in electronic trading.
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