Daily Market Review for November 26th

binary options-trading-market-news

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

Overall, the US dollar lost some ground to most of its peers during the latest trading session. In the US, ten-year treasury bonds have dropped yield and November’s consumer sentiment survey has unexpectedly dropped at its fastest rate in the past 13 months. However, US GDP data was strong, showing 3.9% growth and a boost in personal consumption. In the meantime, the euro gained ground on most of peers during Tuesday but still not enough to turn the tide on the suffering currency. Current concerns revolve around a recent report that warns against excessive risk-taking in the region, perhaps referring to the massive expansion of measures meant to promote inflation put in place by the European Central Bank.

Crude Oil

Crude oil plunged over 2 percent during Tuesday’s session and as of this writing is trading at $74.56. These declines are attributed to a lack of any news from a preliminary gathering ahead of this week’s big OPEC gathering. Thursday’s meeting should be very significant to oil pricing, as most speculate that a cut to production will be announced in order to artificially boost oil pricing.

Dow Jones

The latest session broke a three-day positive run, with stocks trading in a narrow range as US consumer confidence dipped and many investors prepared for holiday travel. The Index closed with a 3-points drop and is currently trading at 17,814.94.

Economic Calendar

UK GDP data is scheduled for release later today.  In the meantime, most are looking forward to tomorrow’s OPEC gathering. Oil has been trading near multi-year lows and announcements detailing production cuts will likely boost oil’s performance.

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
loading...

Daily Market Review for November 25th

binary-options-trading-market-news

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 saw small gains during Monday’s trading session as some positive data is released in the Eurozone. The German Business Climate index exceeded expectations while German GDP matched expectations. Fitch Ratings maintained Greece’s credit rating at B and offered a stable outlook for the country, stating that the adjusted budgetary policies have been executed remarkably. However, deflation in the Eurozone remains a concern, with the European Central Bank’s heads stating that stimulus programs will be reassessed early next year and adjusted in order to promote inflation.

Crude Oil

Crude oil saw some losses during yesterday’s trading session and is currently trading at $76.22. The US Energy Information Agency (EIA) has detailed its expectations for 2015, including reduced world growth forecasts and demand. Currently expectations are that OPEC members will artificially raise the price of oil by withholding it from the global market, as they have done in the past. However,Middle-Eastern geopolitical tensions may prevent OPEC decision-makers from reaching an agreement.

S&P 500

The index gained 5.91 points (0.29%) and is currently trading at 2,069.41, marking the 46th time the index has closed at a record level this year. Yesterday’s gains were mostly led by tech sector components, namely Apple who has gained 1.9%.

Economic Calendar

GDP data for the US will be released later today and UK GDP data will be released tomorrow.  OPEC members will meet on Thursday, with many forecasting an attempt to stop the heavy declines seen in oil prices since June.

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
loading...

Daily Market Review for November 20th

Binary optionstrading cpver photo

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 remained relatively flat during Wednesday, losing 3 points (0.02%) to trade at 1.2546. The Federal Reserve released its latest minutes, detailing their discussions from October. Regarding interest rates, the wording “considerable time” was again used despite minority objections in the committee. This may suggest that an increase in interest rates is approaching. Some members, in wake of the turbulent economic situation in Europe have pointed to the importance of clarifying the Fed’s approach to inflation rates. Furthermore, the minutes stressed the need to monitor declining inflation expectations. In the meantime, European Central Bank officials have been fighting out their differences in public following news regarding the expansion of easing programs from earlier this week.

Crude Oil

Crude oil has gained 0.11% and is trading at $74.65 as oil continues to trade near four-year lows. The low price has spurred concerns over the profitability of oil with a new report that found that numerous shale regions in the US are no longer profitable. Since the US expanded its oil supply to 9 million barrels per day in June, prices have gone down 32%. At the same time, OPEC countries are reluctant to decrease their production, leading to an oversupplied global market.

Dow Jones

The Dow Jones closed the day with a 0.01% decrease to trade at 17,685.73. However, during the trading day there has seen a sharp and immediate 19-point increase following the release of the FOMC minutes for the month of October.

Economic Calendar

The European purchasing managers’ index (PMI) is due for release later today, as well as the US consumer price index (CPI) data. CPI data is known to provide an early indication of inflation information.

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
loading...