Binary Options Trading analysis written by Bradley Welcher -
Equities
Thursday’s announcement of increased liquidity by central banks to aid European banks lifted Asian markets on Friday. The Nikkei gained 2.3% to 8864, the Kospi jumped 3.7%, and the ASX 200 advanced 1.9%. Chinese markets rose as well, with the Shanghai Composite up 1.9% and the Hang Seng gaining 1.4%.
European markets closed mixed, as the FTSE rose .6% and the DAX up 1.2%, while the CAC40 declined .5%. French banks struggled, with BNP Paribas sinking 7%, although the European banking sector rose as a whole.
US markets succeeded in climbing for a 5th straight day. The Dow rose 76 points to 11509, while the S&P 500 and Nasdaq both gained .6%. The VIX dropped 3% but remained above 30.
Dow Climbs Nearly 5% for the Week
Netflix shares continued to fall, dropping 8.5% after the company lowered its outlook for sales on Wednesday. Research in Motion shares tumbled 19% on weak earnings data.
Treasuries and Commodities
Bonds moved higher with 10-yeat notes up 9/32 to yield 2.05%, and 30-year notes gained 28/32 to yield 3.31%.
Oil fell 1.6% to 87.96, and natural gas slumped 1.8% to 3.809, while gasoline closed flat at 2.78.
Gold rebounded from an early morning selloff, dropping as low as 1762, before recovering to close at 1814. Silver rallied 3.4% to 40.83, and copper eased .6% to 3.93.
Agricultural futures declined across the board. Sugar led the declines, tumbling 6.7% to 27.52, while wheat and corn slipped more than 1%.
Currencies
The Dollar traded mixed as exuberance over the influx of liquidity faded. The Euro declined .6% to 1.3794, the Swiss Franc dropped .7% and the Yen eased .1% to 76.80. The Canadian Dollar rallied .6% to .9792, and the Australian Dollar rose .4% to 1.0369.
Economic Outlook
Consumer confidence data from the University of Michigan showed a slight improvement from last month, rising to 57.8 from 55.7 in the prior month. However, consumer expectations dropped to 47 from 47.4, the lowest reading in 31 years.
Monday’s sole report is the Housing market index, which is expected to remain anemic.
Equities
Thursday’s announcement of increased liquidity by central banks to aid European banks lifted Asian markets on Friday. The Nikkei gained 2.3% to 8864, the Kospi jumped 3.7%, and the ASX 200 advanced 1.9%. Chinese markets rose as well, with the Shanghai Composite up 1.9% and the Hang Seng gaining 1.4%.
European markets closed mixed, as the FTSE rose .6% and the DAX up 1.2%, while the CAC40 declined .5%. French banks struggled, with BNP Paribas sinking 7%, although the European banking sector rose as a whole.
US markets succeeded in climbing for a 5th straight day. The Dow rose 76 points to 11509, while the S&P 500 and Nasdaq both gained .6%. The VIX dropped 3% but remained above 30.
Dow Climbs Nearly 5% for the Week
Netflix shares continued to fall, dropping 8.5% after the company lowered its outlook for sales on Wednesday. Research in Motion shares tumbled 19% on weak earnings data.
Treasuries and Commodities
Bonds moved higher with 10-yeat notes up 9/32 to yield 2.05%, and 30-year notes gained 28/32 to yield 3.31%.
Oil fell 1.6% to 87.96, and natural gas slumped 1.8% to 3.809, while gasoline closed flat at 2.78.
Gold rebounded from an early morning selloff, dropping as low as 1762, before recovering to close at 1814. Silver rallied 3.4% to 40.83, and copper eased .6% to 3.93.
Agricultural futures declined across the board. Sugar led the declines, tumbling 6.7% to 27.52, while wheat and corn slipped more than 1%.
Currencies
The Dollar traded mixed as exuberance over the influx of liquidity faded. The Euro declined .6% to 1.3794, the Swiss Franc dropped .7% and the Yen eased .1% to 76.80. The Canadian Dollar rallied .6% to .9792, and the Australian Dollar rose .4% to 1.0369.
Economic Outlook
Consumer confidence data from the University of Michigan showed a slight improvement from last month, rising to 57.8 from 55.7 in the prior month. However, consumer expectations dropped to 47 from 47.4, the lowest reading in 31 years.
Monday’s sole report is the Housing market index, which is expected to remain anemic.
Last edited by a moderator:
