Binary Options Trading analysis written by Bradley Welcher - BinaryOptionStrategy
Equities
Asian markets traded lower in thin trading, following Monday’s holiday closure of American and European markets. The Nikkei declined .5% to 8441, and the Kospi dropped .8% to 1842. China’s Shanghai Composite sank 1.1% to 2166 on extremely light volume. Markets in Australia and Hong Kong remained closed.
In Europe, the DAX edged up .2%, and the CAC40 closed up fractionally in light trading. Markets in the UK were closed for an extended weekend. Italy’s MIB index dropped 1% as regional banks fell following a weak bond auction.
Thin trading continued in the US, and is likely to last through the rest of the year. The Dow and S&P 500 closed little changed, while the Nasdaq rose .3% to 2625.
Sears Holdings tumbled 27% to 33.38 after announcing it would close more than 100 Sears and Kmart stores to cut costs.
Treasuries and Commodities
Bonds rose moderately, with 10-year notes up 6/32 to yield 2.00%, and 30-yeat notes up 18/32 to yield 3.03%.
Crude oil jumped 1.7% to 101.38, settling back above the highly watched $100 mark. Natural gas inched up .1% to 3.117, while gasoline closed down .2% at 2.6812.
Oil Rallies 1.7% to Settle Above $100
Metals fell, led by copper’s 1.6% drop to 3.4125. Silver slumped 1.5% to 28.65, and gold lost $11 to 1595.
Agricultural futures soared, with wheat climbing 3.9% and soybeans gaining 3.2%.
Currencies
Currency markets traded in very narrow ranges as the world remained on vacation. The Dollar settled mostly lower, as the Euro edged up .1% to 1.3068, and the Pound gained .3% to 1.5668. The Yen and the Swiss Franc both rose .2% to 77.87 and 1.0707 respectively. The Australian Dollar and the Canadian Dollar slipped fractionally.
Economic Outlook
Tuesday’s economic data was mixed. The Case-Shiller home price index showed house prices continued to drop, with the annual rate reaching 3.4%, slightly more than expected. The Richmond manufacturing index rose to 3 from last month’s zero reading, but fell shy of forecasts. Consumer Confidence jumped to 64.5 from last month’s 55.2 reading, blowing past analyst expectations.
No major economic data or earning reports are due on Wednesday.
Equities
Asian markets traded lower in thin trading, following Monday’s holiday closure of American and European markets. The Nikkei declined .5% to 8441, and the Kospi dropped .8% to 1842. China’s Shanghai Composite sank 1.1% to 2166 on extremely light volume. Markets in Australia and Hong Kong remained closed.
In Europe, the DAX edged up .2%, and the CAC40 closed up fractionally in light trading. Markets in the UK were closed for an extended weekend. Italy’s MIB index dropped 1% as regional banks fell following a weak bond auction.
Thin trading continued in the US, and is likely to last through the rest of the year. The Dow and S&P 500 closed little changed, while the Nasdaq rose .3% to 2625.
Sears Holdings tumbled 27% to 33.38 after announcing it would close more than 100 Sears and Kmart stores to cut costs.
Treasuries and Commodities
Bonds rose moderately, with 10-year notes up 6/32 to yield 2.00%, and 30-yeat notes up 18/32 to yield 3.03%.
Crude oil jumped 1.7% to 101.38, settling back above the highly watched $100 mark. Natural gas inched up .1% to 3.117, while gasoline closed down .2% at 2.6812.
Oil Rallies 1.7% to Settle Above $100
Metals fell, led by copper’s 1.6% drop to 3.4125. Silver slumped 1.5% to 28.65, and gold lost $11 to 1595.
Agricultural futures soared, with wheat climbing 3.9% and soybeans gaining 3.2%.
Currencies
Currency markets traded in very narrow ranges as the world remained on vacation. The Dollar settled mostly lower, as the Euro edged up .1% to 1.3068, and the Pound gained .3% to 1.5668. The Yen and the Swiss Franc both rose .2% to 77.87 and 1.0707 respectively. The Australian Dollar and the Canadian Dollar slipped fractionally.
Economic Outlook
Tuesday’s economic data was mixed. The Case-Shiller home price index showed house prices continued to drop, with the annual rate reaching 3.4%, slightly more than expected. The Richmond manufacturing index rose to 3 from last month’s zero reading, but fell shy of forecasts. Consumer Confidence jumped to 64.5 from last month’s 55.2 reading, blowing past analyst expectations.
No major economic data or earning reports are due on Wednesday.