Daily Market Review for September 17th

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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

Gaining 4 points, the pair is currently trading at 1.2945. These gains, however slight, are in direct contrast of the OECD’s downgrading of its growth expectations and call for more comprehensive stimulus programs in the Eurozone. Moreover, weak data for the Eurozone has generated worries over the region’s economic recovery. Exported goods saw a 0.2% decline and import values have gained 0.9%. Both have cut the trade surplus from €2.8 billion to €1.7 billion. This comes on the heels of a year of improving data, raising concerns that the region may be on its way to an economic struggle. At the same time, traders are still awaiting any announcement regarding US interest rates from the FOMC meeting currently being held.

Crude Oil

Crude Oil lost 10 cents and trading at a new low of 91.81 as the OECD’s downgrade of its growth expectations forced many to readjust their future demand expectations. It has been reported by news agencies that inventories in the US have shrunk by nearly 1.5 million barrels to 157.1 million barrels total. However, more accurate data is expected to be released by the EIA tomorrow. In the meantime, oil production has been increased in Libya, weighing down the commodity as demand decreased and supply increases.

NASDAQ 100

The NASDAQ saw gains during Tuesday’s session. It has bounced off the 4500 level which provides significant support, leading many analysts to a bullish position with expectations that the market will reach the 4600 level. Selling may not be the best choice at this point and buying has been recommended by most analysts.

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 September 16th

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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 lost 39 points and is trading at 1.2926 as of this writing. Worries over Eurozone recovery as well as US and Chinese data releases seem to be the origin of this tumble. On the geopolitical front, the US-led campaign against the Islamic State is quickly gaining support and momentum as the UK mourns the death of a British aid worker who was executed by IS militants. US Empire State manufacturing index dropped significantly from 25.6 to 14.7 with expectations that an increase to around 16 would be seen in September and a strong hike would be seen soon thereafter. Furthermore, industrial production is expected to have increased 0.3% for the month of August. The Fed’s FOMC will meet on Tuesday and Wednesday of this week with all eyes set on any announcement regarding an interest rate change. A small increase is likely to create doubts regarding the solutions the ECB has employed in Europe in order to fight deflation.

Gold

Gaining $4.10, gold is currently trading at $1235.6 as traders await Tuesday’s FOMC meeting. Despite the Monday session gains, gold is near an 8-month low as physical demand decreases mainly due weak Asian interest. At the same time investors are worried over a possible interest rate hike. An announcement regarding interest rates is expected to be released on Wednesday.

Dow Jones 30

The Dow Industrial Average saw initial losses during Monday’s session but eventually gained enough support to form a hammer. Usually this indicates that a bounce is likely, possibly towards the 17150 level where resistance will be significant. Most analysts consider this to be a good buy for short-term goals.

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 September 15th

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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!

USD/JPY

The pair is currently trading at 107.27 as traders cashed in on the strong US dollar during the Asian session. The Japanese economy is showing signs of slowdown, leading many to believe that there may be a possibility for a new stimulus program from the Bank of Japan.  Bank of Japan officials stated that all will be done in order to reach inflation targets. A falling exchange rate leads to cheaper local goods that attract foreign investments, which will inflate prices. At the same time, the USD continues to enjoy good sentiment. All eyes are currently focused on Tuesday’s FOMC meeting for any news regarding a possible rate hike.

Natural Gas

Gaining 18 points, natural gas is currently trading at 3.841. Traders have been buying up the commodity after big falls last Thursday. Inventories have risen significantly, according to the Energy Information Administration (EIA). It seems that this year has demonstrated the fastest refilling rate for storages ever recorded. However, at the same time stocks are well below the most recent 5-year average by a large margin.

S&P 500

The index fell during Friday’s session and tested support at the 1980 level only to bounce back up again. Analysts currently see the market going on a sideways grind with some potential for gains. The index is expected to go higher should it reach the 2010 level, at which point analysts recommend to buy and hold.

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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