Binary Options Trading analysis written by David Frank
Markets
We saw a mixed day for the US markets on Friday. Still all major averages hada strong week. Markets were mixed even though we had a stong NFP report. Euro zone debt worries strongly overshadow the markets at this time. The Dow Jones lost 55.78 points, to close at 12,359.92. The S&P 500 lost 3.25 points,to close at 1,277.81. The NASDAQ rose 4.36 points, to close at 2674.22.
DJIA CHART
FOREX
The US Dollar surged against the Euro and other market peers. The rise was helped by a erosion in the Eurozone and good US economic data. NFP report added a surprising 200k jobs through the month of December. this move sent unemplyment rate to new lows and installing confidence in investors. It would appear that the momentum favours the USD but we should be aware of event risks that could make for a volatile US Dollar trading week, in short the EURUSD could be in for some volatility.
We have an empty US economic calendar which means investors will look at developments from euroope this week. Still, traders should not ignore any new comments made from the fromthe US Fed. Nor should they discount the late-week Advance Retail Sales data.
US Dollar Index
COMMODITIES
Crude lost 53 cents to close at $101.31 . Brent crude, lost 24 cents to finish at $112.50 . Gold rose $1.80 to settle at $1,621.90 an ounce.
Oil Chart
EQUTIES
Goldman Sachs was downgraded by Wells Fargo to market perform from outperform. Citigroup’s which has been trying to to sell its OneMain consumer lending unit to private equity buyers ended with no deal. Alcoa fell after the aluminum producer said it will cut its global smelting capacity by 12 percent. Best Buy lost 1.2 percent of same store sales, but shares still rose after its outlook was reaffirmed.
Markets
We saw a mixed day for the US markets on Friday. Still all major averages hada strong week. Markets were mixed even though we had a stong NFP report. Euro zone debt worries strongly overshadow the markets at this time. The Dow Jones lost 55.78 points, to close at 12,359.92. The S&P 500 lost 3.25 points,to close at 1,277.81. The NASDAQ rose 4.36 points, to close at 2674.22.
DJIA CHART
FOREX
The US Dollar surged against the Euro and other market peers. The rise was helped by a erosion in the Eurozone and good US economic data. NFP report added a surprising 200k jobs through the month of December. this move sent unemplyment rate to new lows and installing confidence in investors. It would appear that the momentum favours the USD but we should be aware of event risks that could make for a volatile US Dollar trading week, in short the EURUSD could be in for some volatility.
We have an empty US economic calendar which means investors will look at developments from euroope this week. Still, traders should not ignore any new comments made from the fromthe US Fed. Nor should they discount the late-week Advance Retail Sales data.
US Dollar Index
COMMODITIES
Crude lost 53 cents to close at $101.31 . Brent crude, lost 24 cents to finish at $112.50 . Gold rose $1.80 to settle at $1,621.90 an ounce.
Oil Chart
EQUTIES
Goldman Sachs was downgraded by Wells Fargo to market perform from outperform. Citigroup’s which has been trying to to sell its OneMain consumer lending unit to private equity buyers ended with no deal. Alcoa fell after the aluminum producer said it will cut its global smelting capacity by 12 percent. Best Buy lost 1.2 percent of same store sales, but shares still rose after its outlook was reaffirmed.