Daily Market Review for January 20th

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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 saw modest gains during Monday’s trading session and is currently trading at 1.1590, up from 1.1557. The International Monetary Fund (IMF) has lowered its forecast for global growth in 2015, calling on governments to implement policies that will support growth. Accordingly, the European Central Bank is expected to announce a $635 billion quantitative easing program on Thursday in an effort to deflect European deflation. The IMF remained optimistic in regards to the U.S. economy, raising their previous forecasts by 0.5%. The euro is still heavily affected by the Swiss National Bank’s decision to remove the exchange rate cap, keeping the euro near multi-year lows.

Crude Oil

Crude oil is down $1.37, or 2.81% and currently trading at $47.32. The decline came following the release of reports indicating that China’s economic growth had greatly missed expectations and recorded its weakest annual expansion in the last 24 years. This fueled worries that the already-saturated energy market isn’t likely to see a boost in demand in the near future.

Dow Jones 30

The Dow Jones industrial average gained 190.86 points, or 1.1% to trade at 17,511.57. Stocks rallied on Friday following a five-day losing streak as the rebound in oil prices and higher consumer sentiment fueled gains. However, the effects of the Swiss decision to remove the exchange rate cap are still being felt throughout the markets.

Economic Calendar

The European Central Bank is scheduled to announce a QE program on its January 22 meeting (this Thursday). Germany’s economic sentiment report is scheduled to release later today, followed U.S. housing data tomorrow.

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 December 22nd

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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 & Ruble

The EUR/USD declined during Friday’s trading session and is trading (as of this writing) at 1.2254. German PPI (producer price index) data, which provides information at the wholesale level and includes measures of price movement, has faired better than expected. Additionally, the German Consumer Climate report has beaten expectations. However, these were not enough to bring the euro ahead. The dollar has been reinvigorated following last week’s Federal Reserve comments regarding an interest rate change in the U.S. and its faith in the American Economy. Interest rates are not likely to change before mid-2015. Additionally, the European Central Bank is facing criticism for some of the easing programs it will likely employ in the region, causing destabilization. The Ruble is gaining its value against the dollar as the Russian Finance Minister confirms that Russia has sold bulks of foreign currency.

Crude Oil

Crude oil has gained 1.3% and is currently trading at $57.87, experiencing the strongest gain in the last two months. The ongoing war over market-share has not subsided as the United Arab Emirates called for non-OPEC oil producers to cut their “irresponsible” oil production volumes, most likely pointing a finger at the U.S., which has greatly expanded its oil production policies. Additionally, the falling oil prices have affected other energy-related commodities, with natural gas liquids falling by as much as 40% since September.

S&P 500

The Standard & Poor’s 500 index gained 9.42 points (0.46%) during Friday’s trading session and is currently trading at 2,075.65. The only part of the index that hasn’t seen gains is the Materials sector that has declined 6.6% as energy-related stocks enjoy the gains in oil prices. So far, the index is up 12% for the year.

Economic Calendar

In the U.S., existing home sales data will be released later today. GDP and Durable goods orders data will be released tomorrow. In Europe, French consumer spending reports will be released on Tuesday.

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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