Binary Options Trading analysis written by Bradley Welcher - BinaryOptionStrategy
Equities
Asian markets traded mostly lower in anxious anticipation of an Italian auction for 10-year notes, later in the day. The Nikkei eased .3% to 8399, the ASX 200 closed down .4%. Korea’s Kospi ended flat, despite a disappointing factory output report. The Hang Seng slid .7% to 18398, while China’s Shanghai Composite managed a slight gain of .2%.
Meanwhile, European markets rallied, lifted by upbeat US economic data. The CAC40 jumped 1.8%, the DAX advanced 1.3%, and the FTSE rose 1.1%. Italy succeeded in selling 7 billion Euros of 10-year notes at 6.98%, an improvement from November’s 7.56% rate, but still incredibly high.
US stocks rose, with the Dow climbing 136 points to 12287. The S&P 500 gained 1.1%, and the Nasdaq closed up .9%.
Homebuilders surged following a jump in pending home sales data. Beazer jumped 7%, and Pulte climbed 6.1%.
Treasuries and Commodities
Bond prices rose for a second day. 10-year notes edged up 5/32 to yield 1.90%, and 30-year notes gained 13/32 to yield 2.9%.
Natural gas tumbled 3% to 3.028, while crude oil rose .3% to 99.65, despite a jump in oil inventories.
Gold sank 1.1% to 1547.60, extending its recent losses. Silver however, rallied 1.8% to 27.71, bouncing after Wednesday’s tumble. Copper settle up .4% at 3.38.
Gold Prices Continue to Drop
Currencies
The Dollar traded moderately lower against most currencies. The Euro recovered from a morning drop down to 1.2860, to settle at 1.2963, up .2%. The Canadian Dollar and Swiss Franc rose .3%, and the Yen gained .4% to 77.64. The British Pound declined .2% to 1.5416, but was well off its intraday low of 1.5364.
Economic Outlook
Pending home sales surged 7.3% in the last month, blowing past analyst expectations for a 1.7% gain. Chicago PMI was reported at 62.5, better than expected. Less impressively, weekly jobless claims were worse than the 372K forecast, rising to 381K from last week’s 366K.
No major economic reports or earnings releases are scheduled for Friday.
Equities
Asian markets traded mostly lower in anxious anticipation of an Italian auction for 10-year notes, later in the day. The Nikkei eased .3% to 8399, the ASX 200 closed down .4%. Korea’s Kospi ended flat, despite a disappointing factory output report. The Hang Seng slid .7% to 18398, while China’s Shanghai Composite managed a slight gain of .2%.
Meanwhile, European markets rallied, lifted by upbeat US economic data. The CAC40 jumped 1.8%, the DAX advanced 1.3%, and the FTSE rose 1.1%. Italy succeeded in selling 7 billion Euros of 10-year notes at 6.98%, an improvement from November’s 7.56% rate, but still incredibly high.
US stocks rose, with the Dow climbing 136 points to 12287. The S&P 500 gained 1.1%, and the Nasdaq closed up .9%.
Homebuilders surged following a jump in pending home sales data. Beazer jumped 7%, and Pulte climbed 6.1%.
Treasuries and Commodities
Bond prices rose for a second day. 10-year notes edged up 5/32 to yield 1.90%, and 30-year notes gained 13/32 to yield 2.9%.
Natural gas tumbled 3% to 3.028, while crude oil rose .3% to 99.65, despite a jump in oil inventories.
Gold sank 1.1% to 1547.60, extending its recent losses. Silver however, rallied 1.8% to 27.71, bouncing after Wednesday’s tumble. Copper settle up .4% at 3.38.
Gold Prices Continue to Drop
Currencies
The Dollar traded moderately lower against most currencies. The Euro recovered from a morning drop down to 1.2860, to settle at 1.2963, up .2%. The Canadian Dollar and Swiss Franc rose .3%, and the Yen gained .4% to 77.64. The British Pound declined .2% to 1.5416, but was well off its intraday low of 1.5364.
Economic Outlook
Pending home sales surged 7.3% in the last month, blowing past analyst expectations for a 1.7% gain. Chicago PMI was reported at 62.5, better than expected. Less impressively, weekly jobless claims were worse than the 372K forecast, rising to 381K from last week’s 366K.
No major economic reports or earnings releases are scheduled for Friday.