Daily Market Review for November 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 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.
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Daily Market Review for November 18th

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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 pair gained 0.29% and is currently trading at 1.2489 following less negative data releases in the last few days and statements made by the European Central Bank’s Mario Draghi. Draghi announced that the ECB is committed to boosting the European economy, including through the use of unconventional means if necessary. Draghi also indicated that one of the possible measures might be the buyout of government bonds, an announcement that caused Eurozone stocks to rally. Currently, the ECB is employing a number of easing measures for the European economy, including record-low interest rates.

Crude Oil

Crude oil lost 0.56% and is currently trading at $75.22 following yesterday’s strong gains. A combination of a strong USD, weaker anticipated demand and OPEC members’ production policies are keeping crude oil down. Current estimates are that OPEC members will not reduce production in order to lose market share to other sellers in the global market.

Dow Jones

The Dow Jones is up 0.07% and is currently trading at 17,647.75 as stocks closed with mixed results. Currently the index is just 5 points shy of last week’s record high of 17,652.79.

Economic Calendar

In Europe, German economic sentiment for the month of November will be released later today, as well as the producer’s price index (PPI) data for the US. This data follows the average change in price received by domestic producers of goods and services from the seller’s perspective.

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 November 13th

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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 pair remained relatively flat during yesterday’s trading session and is currently trading at 1.2473. Industrial production in the Eurozone rose slightly during September but has still missed expectations, demonstrating weak demand in the region for locally manufactured products. Negative data releases in the Europe cause many investors to believe that the European Central Bank will likely expand its easing programs earlier than expected. The pair, however, showed little response to new data releases, perhaps demonstrating the trust placed in the ECB’s ability to deflect deflation.

Natural Gas

Natural gas fell 66 points and is currently trading at $4.181. This decline is likely the result of traders turning a profit on the recent gains seen in the commodity. Furthermore, updated weather forecasts predict a calmer winter when compared to last year, indicating that demand may not be as high as previously expected. At the same time, stockpiles have increased over the last week.

NASDAQ

The NASDAQ continued its climb during yesterday’s trading session, increasing 14.58 points (0.31%) to trade at 4,675.14. Current expectations are that gains will likely increase into today as well.

Economic Calendar

German GDP data will release on Friday. In the US, Natural gas storages will be announced on Friday as well. The recent fluctuations in gas prices indicate that the commodity may be affected by this report should it deviate to significantly from expectations.

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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