Daily Market Review for March 27th

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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 EUR/USD declined late on Thursday to trade at 1.0884 after the impressively steady climb made by the euro this week. The decline followed the release of employment data showing a significantly better-than-expected initial jobless claims report in the U.S., showing a steep decline in the number of individuals who had filed for unemployment insurance in the last week. Despite the euro’s display of force this week, major financial institutions hold the position that the euro is still heading to parity with the dollar. Barclays expects the euro to go as low as 95 cents per dollar by the first quarter of next year.

Crude Oil

Crude oil slowed down its recent gains to decline $1.05 (2.04%) to trade at $50.38. Crude oil saw significant gains yesterday as Saudi Arabia attacked Yemen in attempt to block the Shiite expansion into more territories. While Yemen is not a major oil producer, the conflict is more concerned with control over shipping routes for the entire region. Based on the results of the ongoing negotiations, the U.S. may remove sanctions against Iran as early as the end of this month, essentially adding a significant oil producer to the market and worsening the supply glut.

S&P 500

The Standard and Poor’s 500 Index declined 4.9 points (0.24%) to close Thursday’s trading session at 2,056.15. Stocks were lower on Thursday as tensions in the Middle-East and weak economic data caused a volatile trading session. Airline stocks were down after disturbing news had emerged regarding the Germanwings crash in Europe. It was reported that one of the pilots had intentionally crashed the aircraft, causing significant concern. The S&P’s most recent decline puts it negative territory for the year.

Economic Calendar

U.S. GDP data will be released later today. On Monday, European business climate and consumer confidence data will be released, followed by consumer price data (CPI) later that day.

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 March 25th

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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 euro edged up against the dollar, gaining 0.4% to trade at 1.0926. While many analysts predicted that the euro was headed towards parity with the dollar, the recent days have shown the common currency’s resilience by reaching above $1.1 on Tuesday, a far cry from last week’s $1.05 12-year low. Recent Eurozone data has shown that the European Central Bank’s sovereign bond-buying program may have already made an impact on the economy as the composite purchasing managers’ index (PMI) has beaten forecasts and risen near a four-year high. In the meantime, U.S. CPI data has also beaten expectations, showing a rise in inflation.

Crude Oil

Currently trading at $47.36, crude oil had another choppy trading session. Prices initially rose only to decline when reports have indicated that U.S. crude oil stockpiles have grown. Furthermore, analysts predict that this trend is likely to continue for two more months. However, these are initial surveys preceding the U.S. Energy Information Administration’s (EIA) final report due later today.

S&P 500

The Standard and Poor’s 500 Index declined during Tuesday’s trading session, falling 12.92 points (0.61%) to trade at 2,091.50. U.S. stocks fell for the second day as the consumer price index indicated that inflation has risen. The Federal Reserve cited a weak economic outlook as one of its concerns regarding an interest rate increase. Better-than-expected inflation data may allay these concerns, promoting an interest rate hike that will increase borrowing costs.

Economic Calendar

The Energy Information Administration is scheduled to release its report later today, detailing the recent changes to U.S. crude oil stockpiles. U.S. durable goods data will also be released today, offering a measure of demand in the manufacturing sector.

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 March 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 euro rallied on Friday, tipping over 1.10 and gaining 1.7% against the dollar after the Federal Reserve’s dovish tone on Wednesday’s Federal Open Market Committee (FOMC) and positive news concerning Greece drove the dollar down. Statements made by the FOMC regarding an interest rate hike had been more cautious than previously expected, citing a weak economic outlook. At the same time, positive overnight talks between the Greek Prime Minister and Eurozone leaders included a renewed Greek commitment to the bailout program’s roadmap. Since Friday, the EUR/USD had declined 0.2% and is trading at 1.0819.

Crude Oil

Crude oil declined 1.57% to trade at $45.84 after an early rally on Friday. Crude prices started to decline after Saudi Arabia had stated that it would not unilaterally cut its oil output in order to keep prices up. Major oil producers are fighting for their market share in wake of the expanded production in the U.S., which drove oil prices down significantly over the course of 2014.

NASDAQ

The NASDAQ composite gained 34.04 points (0.68%) to close Friday’s trading session at 5,026.42 – nearing its all-time-high of 5,048 set in March of 2000. Statements made by the Fed’s FOMC have indicated that an interest rate will not occur in the very near future, keeping borrowing costs low and stocks high. The strongest gains were seen in the NASDAQ Biotech index which has risen for the eighths straight session and has gained nearly 7.5% in the last two weeks.

Economic Calendar

U.S. home sales data will be released later today, followed by European manufacturing and services PMI on Tuesday. Additionally, CPI data from the UK and U.S. will be released on Tuesday as well.

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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