Binary Options Trading analysis written by David Frank - BinaryOptionStrategy
Markets
US Markets closed near their highs Friday. They ended up climbing steadily throughout the day. They were bolstered by a strong consumer sentiment report and as investors appeared to show relief after the Euro zone’s latest plan to solve its debt crisis.
The Dow Jones Industrial Average soared 186.56 points, or 1.55 percent, to finish at 12,184.26. The S&P 500 rose 20.84 points, or 1.69 percent, to close at 1,255.19. The Nasdaq jumped 50.47 points, or 1.94 percent, to end at 2646.85.
DJIA CHART
FOREX
Last week, trade was choppy. This came as the major currencies set their bottoms in the Asian session while rising to highs in the European session. As they Headed into the North American trading, the majors were positioned closer to their range bottoms. This came as the results from this week’s Euro zone summit began to trickle out of Brussels and into the markets.
At a first look, the results of the Euro zone summit are both encouraging s well as disappointing. Positive, leaders of all 17 Euro zone countries plus 9 non Euro-zone nations agreed to terms that allow strict caps on government spending and borrowing. Britain is the only country not to agree to the terms. The Czech Republic, Hungary and Sweden, while initially holding out on the agreement, later agreed to changes on the condition that certain details of the pact need to be reviewed by their leaders and by their national parliaments.
Britain’s veto, given the way current treaties are structured, is enough to prevent changes to European Union treaties, as a unanimous vote is required among the 27 European Union nations. British Prime Minister David Cameron was pushing for protections for London from future financial regulations. As such, the veto may limit the impact the new agreements have.
EURUSD Chart
COMMODITIES
Oil prices rose for the first time in three days. This comes as as the European Union moved closer to a plan that promises to fix the Euro zone debt crisis.
Crude rose $1.07 Friday to end the week at $99.41. Brent crude, which is used to price foreign oil imported by some US refineries, added 53 cents to finish at $108.47 in London.
Oil Chart
EQUTIES
GE gained after the conglomerate boosted its quarterly dividend to 17 cents from 15 cents. Texas Instruments fell after the chipmaker cut its outlook for the current quarter and warned demand declined as clients reduce their inventories. Apple appealed a US judge’s decision not to block Samsung Electronics from selling Galaxy smartphones and tablets in the US market.
Markets
US Markets closed near their highs Friday. They ended up climbing steadily throughout the day. They were bolstered by a strong consumer sentiment report and as investors appeared to show relief after the Euro zone’s latest plan to solve its debt crisis.
The Dow Jones Industrial Average soared 186.56 points, or 1.55 percent, to finish at 12,184.26. The S&P 500 rose 20.84 points, or 1.69 percent, to close at 1,255.19. The Nasdaq jumped 50.47 points, or 1.94 percent, to end at 2646.85.
DJIA CHART
FOREX
Last week, trade was choppy. This came as the major currencies set their bottoms in the Asian session while rising to highs in the European session. As they Headed into the North American trading, the majors were positioned closer to their range bottoms. This came as the results from this week’s Euro zone summit began to trickle out of Brussels and into the markets.
At a first look, the results of the Euro zone summit are both encouraging s well as disappointing. Positive, leaders of all 17 Euro zone countries plus 9 non Euro-zone nations agreed to terms that allow strict caps on government spending and borrowing. Britain is the only country not to agree to the terms. The Czech Republic, Hungary and Sweden, while initially holding out on the agreement, later agreed to changes on the condition that certain details of the pact need to be reviewed by their leaders and by their national parliaments.
Britain’s veto, given the way current treaties are structured, is enough to prevent changes to European Union treaties, as a unanimous vote is required among the 27 European Union nations. British Prime Minister David Cameron was pushing for protections for London from future financial regulations. As such, the veto may limit the impact the new agreements have.
EURUSD Chart
COMMODITIES
Oil prices rose for the first time in three days. This comes as as the European Union moved closer to a plan that promises to fix the Euro zone debt crisis.
Crude rose $1.07 Friday to end the week at $99.41. Brent crude, which is used to price foreign oil imported by some US refineries, added 53 cents to finish at $108.47 in London.
Oil Chart
EQUTIES
GE gained after the conglomerate boosted its quarterly dividend to 17 cents from 15 cents. Texas Instruments fell after the chipmaker cut its outlook for the current quarter and warned demand declined as clients reduce their inventories. Apple appealed a US judge’s decision not to block Samsung Electronics from selling Galaxy smartphones and tablets in the US market.