Daily Market Review for July 24th

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Daily Market Review

EUR/USD

The pair is down just one point and trading at 1.3464 as worries over economic health in the Eurozone are mounting. The Euro reached its lowest point of the last several months as many analysts are concerned over the discussions to enact sanctions against Russia following the downing of the Malaysian flight MH17. The dollar on the other hand was supported by a slowdown in inflation, suggesting that the Fed will not need to raise interest rates prior to mid-2015.

Gold

Trading with little momentum, Gold has gained $2.5 USD and currently trading at $1308.8. Although sanctions against Russia are being discussed, the possible sanctions will likely not be of the phase-3 variety – the type that could cripple the Russian economy. These would not only hurt Russia but would hurt the rest of Europe as well. Many analysts predict that any significant gains seen in gold will be short-term, as Indian and Chinese demands for gold don’t show a change to the positive.

Dow-30

The Dow fell during most of Wednesday’s session but has still found enough support at 17,050 to slow down and form a hammer. This likely indicates that the market will see gains, but keep in mind that the 17,150 level will likely be resistive. In general, the index is seeing an uptrend, which is why many analysts easily agree that this is a “buy” market.

Disclaimer

The material provided on this market review and the linked websites is not intended to be your only source of information when you are making financial decisions. OptionsClick™ is not a financial advisor. The information provided should be treated as a guide only and it is not a substitute for independent professional advice. You should seek independent professional advice relevant to your particular circumstances.

OptionsClick™ have made every effort to ensure that the material published here is accurate.

OptionsClick™ takes no responsibility or accept no liability arising from:

  • Errors or omissions.
  • The way in which any material is interpreted.
  • Reliance upon any material.
  • The contents or reliability of any linked websites.
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Daily Market Review for July 23rd

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Daily Market Review

Welcome to OptionClick’s daily market review. In this section we will cover various assets and provide you with information regarding their current status and the upcoming events that may influence them. Be sure to keep up with the news to make the most of your ventures!

EUR/USD

The pair went down 40 points and is currently trading at 1.3484 as the USD saw gains due to the better-than-expected recovery of the US market. At the same time the Eurozone is seeing unstable times as the European central bank’s lenient policies cannot seem to counter worries over the situation in the Ukraine with negative deposit rates, close-to-zero interest rates and low-cost loans. Although the Euro has fallen by 3% since May it still well above its historical average – a testament to the currency’s resilience in face of the many factors working against it.

Crude Oil

The black gold has gained 35 points and currently trading at $103.22 USD. With Russia being the largest exporter of oil in the world, traders are eyeing the tensions in the Ukraine as a Malaysian plane was shot down by Ukrainian separatists. East and west tensions are increasing as the possibility of European sanctions against Russia are being discussed. Russia’s position in the global supply chain of oil is creating concerns over supply in the near future, pushing it higher.

NASDAQ 100

The NASDAQ has risen by 31 points to 4456 during the Tuesday session yet still hasn’t broken the 4500 level. This level is acting as a resistance that once broken, many analysts predict that the market will continue rising at a rapid pace towards 4750 which will act as a new resistance level. The index will likely have to close above 4500 on a daily chart in order for it to act as a new support level.

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Disclaimer

The material provided on this market review and the linked websites is not intended to be your only source of information when you are making financial decisions. OptionsClick™ is not a financial advisor. The information provided should be treated as a guide only and it is not a substitute for independent professional advice. You should seek independent professional advice relevant to your particular circumstances.

OptionsClick™ have made every effort to ensure that the material published here is accurate.

OptionsClick™ takes no responsibility or accept no liability arising from:

  • Errors or omissions.
  • The way in which any material is interpreted.
  • Reliance upon any material.
  • The contents or reliability of any linked websites.
GD Star Rating
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Daily Market Review for July 22nd

binary-option-trading-newsletter

Daily Market Review

Welcome to OptionClick’s daily market review. In this section we will cover various assets and provide you with information regarding their current status and the upcoming events that may influence them. Be sure to keep up with the news to make the most of your ventures!

GBP/USD

The pair is currently trading at 1.7090 following a rather uneventful day in the market with the dollar moving up and down in single pip increments. Data released on Monday has shown that the British consumer confidence index has gone down for the first time on the previous month. The report has also shown that gas and electricity spending has been down by 2.5% when compared to the same time last year. Tomorrow (Wednesday) will see announcements made following the Bank of England’s monetary policy committee, hopefully with indications regarding a possible rise in interest rates.

Natural Gas

Currently trading 3.867 following a tumble, reaching its lowest price for the year. Natural gas futures have also fallen, reaching their lowest in the last 8 months as inventories are filling up due to the moderate whether conditions in the US. Furthermore, the US government estimates that gas stockpiles will continue growing until October as demand is likely to continue its current trend until the winter re-ignites demand.

S&P 500

Monday has seen the index fall initially, however, support has stopped the fall and form a hammer. This likely suggests that the index will continue rising, possibly drastically. Should this be the case, many analysts are finding themselves bullish as long as the 2000 level is surpassed. At that point it is likely to continue going higher.

 

Disclaimer

The material provided on this market review and the linked websites is not intended to be your only source of information when you are making financial decisions. OptionsClick™ is not a financial advisor. The information provided should be treated as a guide only and it is not a substitute for independent professional advice. You should seek independent professional advice relevant to your particular circumstances.

OptionsClick™ have made every effort to ensure that the material published here is accurate.

OptionsClick™ takes no responsibility or accept no liability arising from:

  • Errors or omissions.
  • The way in which any material is interpreted.
  • Reliance upon any material.
  • The contents or reliability of any linked websites.
GD Star Rating
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