Binary Options Trading analysis written by David Frank - BinaryOptionStrategy
Markets
Wall Street closed higher Friday as the S&P 500 rallied for a fourth straight day and turned positive for the year after a run of better than expected economic data.
The S&P 500 has gained nearly 5 percent over the last four days and is slightly higher for the year. Investors cited recent improvement in US economic data and seasonal factors behind the move, but many remained cautious about the 2012 outlook.
The Dow Jones was up 124.35 to close at 12294.00 and the S&P500 was up 11.33 to close at 1265.33. While the NASDAQ was up 19.19 to close at 2618.64
DJIA CHART
FOREX
Let us take a look at the USDJPY as a drive higher has been called for over the last year. However, the pair has forged little progress to make that a reality. My analysis approach is to combine rudimentary technicals and capital flow based fundamentals. Both of these types of analysis lead to the same bullish conclusion for the foreseeable future.
The first consideration is the pair incredible proximity to its record low. Extending historical extremes is exceptionally difficult. So, we need a catalyst for reversal. Short term, we have the threat of manipulation from the BoJ and Ministry of Finance to offer economic relief. Medium term, we have the possibility of a deepening financial condidtions in the US and europe that makes us more selective of safe havens (the Buck is undisputed for relative liquidity, credit market stability). Finally, long term, the return of higher global rates supports the Fed moving while the BoJ continues a 20 year, near ZIRP policy .
USDJPY Chart
COMMODITIES
Oil prices rose above $100 a barrel Friday as worries over global security issues outweighed weak economic data in the US.
Crude ended the day at $99.68, up 15 cents. It rose as high as $100.23 during the session. Brent crude finished 7 cents higher at $107.96 in London.
Oil Chart
EQUTIES
SunPower shares rose after the solar panels maker said it would buy rival Tenesol, a unit of France’s Total. At the same time, Total is buying 18.6 million SunPower shares, raising its stake to about 66 percent. Rambus shares traded higher after the company signed a cross licensing agreement with Broadcom ending patent litigation between the two.
Markets
Wall Street closed higher Friday as the S&P 500 rallied for a fourth straight day and turned positive for the year after a run of better than expected economic data.
The S&P 500 has gained nearly 5 percent over the last four days and is slightly higher for the year. Investors cited recent improvement in US economic data and seasonal factors behind the move, but many remained cautious about the 2012 outlook.
The Dow Jones was up 124.35 to close at 12294.00 and the S&P500 was up 11.33 to close at 1265.33. While the NASDAQ was up 19.19 to close at 2618.64
DJIA CHART
FOREX
Let us take a look at the USDJPY as a drive higher has been called for over the last year. However, the pair has forged little progress to make that a reality. My analysis approach is to combine rudimentary technicals and capital flow based fundamentals. Both of these types of analysis lead to the same bullish conclusion for the foreseeable future.
The first consideration is the pair incredible proximity to its record low. Extending historical extremes is exceptionally difficult. So, we need a catalyst for reversal. Short term, we have the threat of manipulation from the BoJ and Ministry of Finance to offer economic relief. Medium term, we have the possibility of a deepening financial condidtions in the US and europe that makes us more selective of safe havens (the Buck is undisputed for relative liquidity, credit market stability). Finally, long term, the return of higher global rates supports the Fed moving while the BoJ continues a 20 year, near ZIRP policy .
USDJPY Chart
COMMODITIES
Oil prices rose above $100 a barrel Friday as worries over global security issues outweighed weak economic data in the US.
Crude ended the day at $99.68, up 15 cents. It rose as high as $100.23 during the session. Brent crude finished 7 cents higher at $107.96 in London.
Oil Chart
EQUTIES
SunPower shares rose after the solar panels maker said it would buy rival Tenesol, a unit of France’s Total. At the same time, Total is buying 18.6 million SunPower shares, raising its stake to about 66 percent. Rambus shares traded higher after the company signed a cross licensing agreement with Broadcom ending patent litigation between the two.
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