Daily Market Review for September 1st

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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

Eurozone inflation data has met expectations, pushing the pair 10 points higher. Following this data release, traders are now expecting that the European Central Bank will not offer new stimulus programs at this week’s meeting. However, it is expected that Eurozone growth will be below expectations for the year. US data indicates that growth will be slower this year, with expectations on personal income and spending taken a step back. Furthermore, it is likely that unemployment rates will stabilize at around 11.5%. The Ukrainian conflict continues to escalate, with news indicating that NATO forces will be brought in to counter the large Russian presence in the region.

Crude Oil

Crude oil saw gains during the month’s last day and reached 95.82 as demand increases and tensions in the Ukraine reach new heights. Overall, global demand is weaker than anticipated, causing oil to trade on the low. Short-term EIA forecasts indicate that the price of gasoline will likely decrease, mirroring the drop in demand.

Dow 30

The Dow 30 fell during the beginning of Friday’s session but managed to find sufficient support to turn the trend around and form a hammer. This would be the second hammer formed in a row, suggesting that the market is on its way up. However, the 17150 level us likely to prove fairly resistive, demanding a lot of supportive pressure to break through. Nevertheless, traders are bullish.

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 August 28th

binary options trading newsletter 28 Aug

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

Gaining 36 points, GBP/USD is currently trading at 1.6576. Traders have been anticipating a hike in interest rates since mid-July and the GBP has been pulled downward since. This is the seventh consecutive week of loss against the USD, making it the worst run in the last six years. Despite the fact that last week 2 out of the 9 Bank of England’s policy committee voted for a rise in interest rates, problematic wage reports and inflation have likely pushed the interest rate hike back considerably. Recent data shows that the UK has experienced its lowest mortgage lending since January, most likely due to the tighter mortgage lending policies that were incorporated in April. This has pulled down the housing market and gives the Bank of England less of a reason to introduce an interest rate hike.

Crude Oil

Crude oil gained 24 points as the latest API report has shown significant and unexpected drop in inventories. Crude inventory has dropped for a second week in the US, with 3.2 million barrels reduced. Conflicts in oil-producing countries continue to spare most oil production facilities, giving ample supplies for at least the short term.

NASDAQ

While the NASDAQ suffered some slight falls on Wednesday’s session, the market still remains bullish. Many analysts are foreseeing a rise to the 5000 level at some point and continue to buy when any pullbacks occur. The 4500 level should continue to serve as a formidable support level.

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 August 27th

Binary options trading cover 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 pair gained 6 points to trade at 1.3198 but is still remaining below the critical 1.32 level. The economic calendar is rather thin, with only US data releases of any major significance. While a meeting between Russian president Putin and Ukrainian president Proshenko has been held, the Eurozone is not foreseeing an end to conflict in the Ukraine. The effect of Russian sanctions against imported goods has less of an impact against the dollar than against the euro. Nearing data releases include the Durable Goods Orders, Housing Prices, Consumer Confidence and Regional Business Confidence reports all coming very shortly. Durable goods orders are expected to be strong as well as consumer confidence.

Crude Oil

Giving back earlier gains, oil is currently trading at 93.41. The last 4 weeks have seen sharp declines in prices. Ample growth in supplies has managed to completely override geopolitical forces that usually have the opposite effect. Interestingly, countries that are currently suffering from a conflict in one form or another have actually increased their overall crude oil production. Iranian Oil minister Bijan Zanganeh was quoted in stating that the declines are temporary and are due to seasonal fluctuations.

S&P 500

– The S&P 500 saw gains during Tuesday’s session but could not break past the 2005 level resistance, resulting in a shooting star candle and closing at the 2000 level. Breaking past the top of the shooting star is generally a very positive sign that traders should start buying. Pulling back from any support levels should prove to be a good chance to buy 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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