Binary Options Trading analysis written by Bradley Welcher - BinaryOptionStrategy
Equities
Asian market closed mixed on Wednesday, as concerns over the European debt situation continued to weigh on investors. The Nikkei skidded 2.2%, as Sony shares dropped 3.6% ahead of earnings. Korea’s Kospi slipped .6%, and the ASX 200 dropped 1.1%. China’s markets rallied, with the Shanghai Composite climbing 1.4%, and the Hang Seng rallying 1.9%.
European stocks rallied, aided by goodUSdata and the Fed’s remarks that it was prepared to take action to keep the economy growing. The DAX jumped 2.3%, the CAC40 climbed 1.4% and the FTSE advanced 1.2%.
In the US, the Dow rallied 178 points to 11836, the S&P 500 gained 1.6% and the Nasdaq rose 1.3%. The Fed left interest rates unchanged, and cut its growth forecast to 1.6% for the coming year.
Dow Gains 178 Points
Treasuries and Commodities
US bonds closed mixed, as 10-year notes ticked up 1/32 to yield 1.99%, and 30-year notes slipped 9/32 to yield 3.01%. German bonds skidded, as 10-year notes fell .54, and 30-year notes dropped 1.60.
Crude oil rose .7% to 92.80, while natural gas slipped .4% to 3.765.
Metals advanced, led by silver, which rallied 4.7% to 34.265. Copper climbed 2.6%, and gold gained 1.5% to 1738.20.
Currencies
The Dollar fell against other major currencies, as the market stabilized after Tuesday’s plunge. The Euro rose .5% to 1.3746 , and the Swiss Franc gained .6%, The Yen gained .4% to 78.07, the Australian Dollar rose .3% to 1.0341, and the Pound inched up .1% to 1.5952.
Economic Outlook
Wednesday’s ADP employment report showed a gain of 110K jobs last month, better than forecast, lifting hopes for Friday’s non-farm payroll report.
Thursday’s economic data will include weekly jobless claims, productivity, factory orders, ISM non-manufacturing index, and chain-store sales.
Earnings are due from AIG, CBS, and Unilever.
Equities
Asian market closed mixed on Wednesday, as concerns over the European debt situation continued to weigh on investors. The Nikkei skidded 2.2%, as Sony shares dropped 3.6% ahead of earnings. Korea’s Kospi slipped .6%, and the ASX 200 dropped 1.1%. China’s markets rallied, with the Shanghai Composite climbing 1.4%, and the Hang Seng rallying 1.9%.
European stocks rallied, aided by goodUSdata and the Fed’s remarks that it was prepared to take action to keep the economy growing. The DAX jumped 2.3%, the CAC40 climbed 1.4% and the FTSE advanced 1.2%.
In the US, the Dow rallied 178 points to 11836, the S&P 500 gained 1.6% and the Nasdaq rose 1.3%. The Fed left interest rates unchanged, and cut its growth forecast to 1.6% for the coming year.
Dow Gains 178 Points
Treasuries and Commodities
US bonds closed mixed, as 10-year notes ticked up 1/32 to yield 1.99%, and 30-year notes slipped 9/32 to yield 3.01%. German bonds skidded, as 10-year notes fell .54, and 30-year notes dropped 1.60.
Crude oil rose .7% to 92.80, while natural gas slipped .4% to 3.765.
Metals advanced, led by silver, which rallied 4.7% to 34.265. Copper climbed 2.6%, and gold gained 1.5% to 1738.20.
Currencies
The Dollar fell against other major currencies, as the market stabilized after Tuesday’s plunge. The Euro rose .5% to 1.3746 , and the Swiss Franc gained .6%, The Yen gained .4% to 78.07, the Australian Dollar rose .3% to 1.0341, and the Pound inched up .1% to 1.5952.
Economic Outlook
Wednesday’s ADP employment report showed a gain of 110K jobs last month, better than forecast, lifting hopes for Friday’s non-farm payroll report.
Thursday’s economic data will include weekly jobless claims, productivity, factory orders, ISM non-manufacturing index, and chain-store sales.
Earnings are due from AIG, CBS, and Unilever.