Daily Market Review for July 29th

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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!

GBP/USD

The pair recovered from last week’s slight decline and gained 6 points to reach 1.6979. When looking at its weekly performance, the GBP declined 0.7% as favorable economic data countered further downward movement in the currency. The latest data has shown that Britain’s GDP is unchanged at 0.8% for Q2 2014 while the Index of Services was up to 1% from 0.9%. At the same time, US pending home sales are seeing slight improvements.

Gold

The commodity isn’t showing any definitive signs that point as to where it may be heading today and is currently trading at 1306.30. Gold has a tendency to be heavily affected by global geopolitical events; therefore many analysts are quite puzzled as to why investors aren’t flocking to gold as a safe haven while the world seems to be in heavy turmoil in multiple regions. Possibly, positive economic data from the US and a 19.4% decline in demand in China has kept gold at a balance amidst global instability. 

S&P 500

The index fell mostly during the Monday session but has found enough support from below to form a formidable hammer towards the end of the day. Many analysts point this out as signs that the market is about to push through its current resistance level of 2000 sooner rather than later. However, many believe that at the same time the market is likely to become more volatile but still recommend being bullish, especially when investing through options.

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 July 28th

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 pair fell 13 points following a decline in the Euro as several factors contribute to this situation. German business sentiment is currently at a nine-month low and the IFO’s German business climate index, which surveys 7000 firms on a monthly basis has fallen from 109.7 to 108.0 – the lowest since October. The report has detailed falling confidence in Europe’s biggest economy while raising concerns over the region’s economic growth. At the same time, the US is showing more consistency with its numbers in the past several months, further pushing the pair down.

Natural Gas

Gaining 9 points, natural gas is currently trading at $3.857 USD following Thursday’s inventory report. The report detailed a steep climb in available stock with 90 billion cubic feet of gas added to storages during the week that ended July 18th. The addition was slightly lower than expected, causing a rapid 1.6% increase in price – gains that haven’t been seen since June. Since mid-June, the prices have fallen by 20% as lowered demand and record supplies push it down. However, many analysts believe that the market is currently over-sold and primed for gains.

NASDAQ 100

The index is currently trading at 3965.16 after falling 18 points. Although starting slow on Friday, the index quickly changed to a more bullish tone and ended up forming a hammer. Many analysts are weary of going long on the index as an upper resistance holds the index in place. At the same time however, many believe that going short isn’t correct either. This contention will become irrelevant once past the current support, many believe. Once the current support level is broken, most analysts agree that the market could rapidly go much higher.

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 July 24th

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Daily Market Review

EUR/USD

The pair is down just one point and trading at 1.3464 as worries over economic health in the Eurozone are mounting. The Euro reached its lowest point of the last several months as many analysts are concerned over the discussions to enact sanctions against Russia following the downing of the Malaysian flight MH17. The dollar on the other hand was supported by a slowdown in inflation, suggesting that the Fed will not need to raise interest rates prior to mid-2015.

Gold

Trading with little momentum, Gold has gained $2.5 USD and currently trading at $1308.8. Although sanctions against Russia are being discussed, the possible sanctions will likely not be of the phase-3 variety – the type that could cripple the Russian economy. These would not only hurt Russia but would hurt the rest of Europe as well. Many analysts predict that any significant gains seen in gold will be short-term, as Indian and Chinese demands for gold don’t show a change to the positive.

Dow-30

The Dow fell during most of Wednesday’s session but has still found enough support at 17,050 to slow down and form a hammer. This likely indicates that the market will see gains, but keep in mind that the 17,150 level will likely be resistive. In general, the index is seeing an uptrend, which is why many analysts easily agree that this is a “buy” market.

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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