Binary Options Daily Review September 2, 2010
Stocks:
U.S. stocks surged Wednesday after a reading on manufacturing activity climbed in August, defying expectations of a decline and helping to calm worries about the direction of the economy. The Dow Jones Industrial rose 254.75 points, or 2.5%, to 10,269.47, with all 30 of its components tallying gains.
Currencies:
The dollar declined against the euro and other major currencies on Wednesday after a measure of U.S. manufacturing activity unexpectedly improved last month, adding to evidence of pockets of strength in the economy. The euro rose to $1.2799, up from $1.2679 late New York trading on Tuesday. It touched as high as $1.2855 earlier.
Commodities:
Gold futures shed earlier gains Wednesday, as stronger U.S. and Chinese manufacturing data quieted fears the global recovery was stalling, increasing investors’ appetite for risk. Gold for December delivery settled down $2.20, or 0.2%, to $1,248.10 an ounce at the New York Mercantile Exchange. Earlier it had risen as high as $1,256.60 an ounce, within $2 of a record high settlement of $1,258.30 an ounce set in June.
Crude-oil futures posted their biggest one-day gain in nearly a month Wednesday, after U.S. and Chinese manufacturing surveys sweetened the outlook for global oil demand after petroleum’s sharp tumble last month. Crude oil for October delivery ended floor trading up $1.99, or 2.8%, to $73.91 a barrel on the New York Mercantile Exchange, the biggest one-day rise for the most actively traded contract since August 2.
Binary Options Daily Review September 1, 2010
Stocks:
U.S. stocks see worst August since 2001. U.S. stocks finished a lackluster session little changed on Tuesday but finished the month with their worst August performance since 2001 as concerns about the economy continued to pile on. The Dow Jones Industrial Average on Tuesday rose 4.99 points to end at 10,014.72.
Currencies:
The Australian dollar seized the Asian spotlight Wednesday, posting strong gains after economic data showed that country’s April-June growth beat forecasts. The Aussie was up 1.3% at 89.95 U.S. cents, after the Australian Bureau of Statistics said gross domestic product rose 1.2% on a seasonally adjusted basis in the quarter, topping economists’ consensus forecast for 0.9% growth.
Commodities:
Gold futures rose to a two-month high Tuesday, pushing August gains past 5%, and silver hit a three-month high as investors sought out both metals to protect against a faltering economic recovery. Gold for December delivery added $11.10, or 0.9%, to $1,250.30 an ounce on the Comex division of the New York Mercantile Exchange, the highest since late June and less than 1% from bullion’s record settlement high of $1,258.30 an ounce on June 18. Gold rallied 5.6% in August. That compares to a decrease of 5% in July and is gold’s largest advance since April.
Crude futures finished lower Tuesday, adding to steep monthly losses, as plentiful inventories and concerns about an economic soft patch prompted investors to shift into gold and bonds. Oil for October delivery ended down 3.7% at $71.92 a barrel on the New York Mercantile Exchange Tuesday, with declines accelerating toward the close of the session.
Binary Options Daily Review August 31, 2010
Stocks:
U.S. stocks fell sharply Monday, adding to losses for August so far, as investors worried about the economy at the start of a data-riddled week, which culminates with the monthly employment report. The Dow Jones Industrial Average fell 140.92 points, or 1.4%, to end at 10,009.73, near session lows. The Dow is currently off 4.4% for August, with only one trading session left in the month.
Currencies:
The dollar advanced against the euro and most other major currencies Monday as U.S. stocks extended losses, failing to derive any support from economic data on consumer spending and personal incomes or from merger news. The Japanese yen registered broad gains, erasing early weakness after an emergency easing by the Bank of Japan failed to dampen the currency’s recent strength.
Commodities:
Copper hit a 4 month high. Copper futures December contract adding 5 cents, or 1.3%, to $3.43 a pound. Gold for December delivery added $1.3, or 0.1%. Crude-oil futures declined Monday as stocks fell and investors waited to see whether key economic data this week would reaffirm their fears about the pace of the economic recovery.
Binary Options Daily Review August 19, 2010
Stocks:
U.S. stocks closed higher Wednesday as retailer Target Corp. signaled that it could meet Wall Street’s profit expectations through the end of the year.
Currencies:
The dollar remained even against the euro on Wednesday, but maintained losses against the British pound after minutes of the Bank of England’s latest policy meeting dispelled worries that the central bank may be considering further easing measures.
Commodities:
Gold futures shot up wednesday to a seven-week high. Gold for December delivery added $3.10, or 0.3%, to $1,231.40 an ounce on the Comex division of the New York Mercantile Exchange.
Oil futures ended lower Wednesday, now at a six-week low. Oil futures for September delivery retreated 35 cents, or 0.5%, to $75.42 a barrel, keeping above $75 a barrel after trading as low as $73.75 earlier in the day.
TradeSmarter Launches “TS2”, an Upgraded B2B Platform for Binary Options Trading
New customizations, API, highlighted in next-generation platform release.
TradeSmarter Holdings is proud to announce the inauguration of its next-generation Binary Options Trading platform, TS2 (TradeSmarter Platform, Version 2). CTO Ron O’reilly said that TS2 was re-tooled with an emphasis on flexibility. He explained that in order to extend TS2 for individual customer needs, his team developed an API for advanced integration.
“The API that we’re launching will provide our partners with the ability to create their own front-end for the trading platform, using their own brand and theme,” O’reilly explained. “This will empower them to implement a customized look and feel for their customers, while we, at TradeSmarter, do the heavy lifting as it regards the technology and future scalability. The API is cross-platform, so partners will be able use it for building social web applications, Flash applications, mobile applications, or even traditional desktop applications.”
TradeSmarter has also opted to concentrate on expanding into international markets, by offering the most language and customization options in the business. TS2 currently supports 11 languages, with more to be added by fourth quarter 2010. To further support the expanding international customer base, TS2 also supports 56 trading assets, including currency pairs, commodities, popular international stocks and stock indices.
With the new technology offered by TS2, MarketPunter, a regulated Australian operator, in conjunction with TradeSmarter, is now offering a one-stop shop for customers who wish to set up their own white label binary options trading site with their own language and currency localization preferences.
TradeSmarter has also teamed up with the TS2-powered StartOptions to explore other kinds of partnerships as well. Through StartOptions Partners TradeSmarter is now offering IB’s and affiliates very competitive incentives to introduce traders to binary options.
“Through our partners, the platform can offer the fastest time-to-market in the industry,” explained CEO Jonathan Leon. “TS2 is a fully inclusive turnkey solution with very quick setup and deployment . White Labels and IB’s start from day one with a complete system, ready to roll, all they need to add is their own customizations.”
Leon added that anyone could take TS2 for a test drive at Tradesmarter.com. Users can make a demo account on the site, and trade real binary options, albeit with play money.
For more information about TS2, potential customers can visit TradeSmarterHoldings.com.
About TradeSmarter Holdings
TradeSmarterHoldings.com™ is a privately held company established in 2008 by international professionals from the financial and Internet industries, looking to build a next generation platform for simplified financial trading to allow anyone to trade in multiple markets, 24 hours a day. With an emphasis on rethinking binary options, TradeSmarter Holdings seeks to increase its customer base into new regions, adding additional languages and base currencies and providing new ways of thinking about online trading for novice users.
Binary Options Daily Review August 18, 2010
Stocks:
U.S. stocks rallied Tuesday, with the Dow Jones Industrial Average ending a five-session losing streak and rising 103.84 points, or 1%, to end at 10,405.85.
BHP in the news
Potash Corp. of Saskatchewan Inc.’s rejection of suitor BHP Billiton Ltd. unleashed a rally among agricultural companies and retailing giant Wal-Mart Stores Inc.’s earnings topped estimates.
Currencies:
The U.S. dollar declined against the euro on Tuesday, with the euro finding support after an auction of Irish government debt garnered solid demand. The euro rose to $1.2887, up from $1.2813 in late North American trading on Monday. Last week, the euro fell to a three-week low.
Commodities:
Thanks in part to a weaker dollar, Gold futures closed higher Tuesday, to end at a six-week high. Gold for December delivery ended the New York floor session up $2.1, or 0.2%, to $1,228.3 an ounce on the Comex division of the New York Mercantile Exchange.
The euro bounce had a great affect on Oil futures. Crude-oil futures on Tuesday rebounded from five-week lows to break a six-session losing streak, lifted by a weaker U.S. dollar and rising stocks. Crude for September delivery gained 53 cents, or 0.7%, to settle at $75.77 a barrel on the New York Mercantile Exchange.
Binary Options Daily Review August 17, 2010
Stocks:
U.S. stocks did not make any big moves ahead of the week’s major U.S. economic reports Monday, though negative sentiment about global growth was enough to push the Dow Jones Industrial Average to its fifth day of losses.
Currencies:
Against the yen, the dollar slipped to ¥85.30 from ¥85.33 in late North American trading Monday. Last week, the yen hit a 15-year high against the dollar. The yen weakened slightly in Asia Tuesday after local media reported that Japanese Prime Minister Naoto Kan and Bank of Japan Gov. Masaaki Shirakawa will meet Monday, creating speculation they could move to tackle the yen’s recent strength.
Commodities:
Gold futures settled at a six-week high Monday as economic data proved disappointing, spurring some safe-haven buying, and the dollar fell.
Crude-oil futures settled at a five-week low Monday as it continues to adjust to recent U.S. dollar strength.
Binary Options Market Outlook – August 16 – 20
This week a handful of economic reports and earnings reports will affect the markets. The home-builders’ index for August, scheduled for Monday, is expected to tip higher. Housing starts for July are set for Tuesday, with economists penciling in a rise in the pace of new home construction. Wal-Mart Stores Inc. releases its second-quarter reports on Tuesday, with analysts estimating that the world’s largest retailer’s earnings will rise 10% from the same period a year ago to 97 cents a share. Home-improvement retailer Home Depot Inc. also reports its results on Tuesday, and is forecast to earn 71 cents a share.
Lets look at how this will affect the majors:
Stocks:
U.S. stocks will likely extend consolidation after breaking down the upward trend last week. The S&P500 index will likely continue to hover around 1,080, with investors looking for queues from earnings to break his consolidation.
Currencies:
After falling 4% last week, the EUR/USD pair will likely consolidate and trade sideways this week. Look out opportunities trading within this consolidation range around the $1.27 – $ 1.29 area.
Commodities:
Gold futures look like they are building strength to clear the 1,200 area and head higher.
Oil futures are consolidating above the $75 area, after losing ground last week and failing to clear $83 2 weeks ago.
Binary Options Daily Review August 13, 2010
Stocks:
U.S. stocks declined for a third straight session as economic warnings from weekly jobs data and Cisco Systems Inc. added to investors’ concerns about a possible double-dip recession.
Currencies:
Yen pulls back against dollar. The yen fell against the dollar in Asia Friday after Japanese officials hardened the tone of their comments on the currency market, but the safe-haven yen could rise sharply later in the global day if upcoming U.S. data deepen concerns about the health of the country’s economy.
Commodities:
Gold at six week high. Gold futures closed at a six-week high Thursday as disappointing U.S. jobless-claims data added to investors’ jitters about the health of the global economy.
Oil to one month low. Crude-oil futures settled at a one-month low Thursday, falling for a third straight session as global economic worries dragged equities and overshadowed energy trading, and as the dollar remained strong.
Binary Options Gameplan – 12-8-10: USD/JPY at 15 year low…
The USD/JPY currency pair is at a 15 year low, despite the dollar making strong gains against the majors yesterday. As you can see in the chart below, a break of the resistance should kick off this consolidation.
Binary Options Daily Review August 12, 2010
Stocks:
U.S. stocks suffer biggest drop since June. Broad declines in U.S. stocks Wednesday as signs of weakening growth in China exacerbated fears about a global economic slowdown. The Dow Jones Industrial Average tumbled or 2.49%.
Currencies:
USDJPY at 15 year low. Fears about global growth prospects helped send the Japanese yen to a 15-year high versus the U.S. dollar on Wednesday, while fueling strong gains by the greenback against other the Euro and other currencies as investors sought safe havens.
Commodities:
Gold edged higher Wednesday but settled less than a dollar short from the key psychological $1,200-an-ounce mark as a rising dollar kept a lid on gains. Gold for December delivery, the most active contract, added $1.20, or 0.1%.
Crude-oil futures fell to a two-week low on Wednesday, hit by more signs of weakening in the U.S. economy, sliding U.S. stocks, and a government report showing large increases in gasoline and distillates inventories.
Binary Options Gameplan – 11-8-10: EUR/USD Bearish…
As we noted on this blog just days ago, the EUR/USD finally broke through the ascending channel. This break downwards is significant and could lead to lower prices.
Binary Options Daily Review August 11, 2010
Stocks:
U.S. stocks fell Tuesday. The Dow Jones Industrial Average dropped 54.50 points, or 0.51%, its biggest one-day drop since July 21. Intel (Nasdaq) was the measure’s worst performer with a drop of 83 cents, or 4%, to 19.82.
Currencies:
The euro fell to a three-week low against the yen in early Wednesday as remarks from Federal Reserve officials overnight fueled worries over the outlook for the U.S. economy. This prompted U.S. banks and short-term traders to buy the yen.
Commodities:
Gold futures settled below $1,200 an ounce Tuesday, settling onto their lowest price in a week.
Crude-oil futures fell Tuesday on a strengthening dollar. Crude oil (September futures) lost $1.23, or 1.5%, to $80.25 a barrel on the New York Mercantile Exchange.
Binary Options Daily Review August 10, 2010
Stocks:
U.S. stocks rose modestly on Monday as Wall Street awaited the outcome of the Federal Reserve’s policy-setting meeting in the wake of recent economic reports that signal a slowing recovery.
Currencies:
The U.S. dollar edged higher on Monday, as traders awaited this week’s meeting of the Federal Reserve. The euro descended to $1.3226, down slightly from $1.3277 late Friday.
Commodities:
Gold futures closed lower Monday, reversing course as the dollar strengthened modestly and undercutting early gains.
Crude-oil futures rose Monday, tracking U.S. equities and shaking off Friday’s weakness.
Binary Options Gameplan – 9-8-10: AUD/USD Channel…
The AUD/USD is creating a tight rising channel chart pattern. Most often, this pattern is broken to the downside. When this pattern is broken, expect prices to head lower.
Binary Options Market Outlook – August 9 – 13
Disappointing U.S. jobless figures will put pressure on the Fed to decide on further ‘quantitative easing’ for the economy in the coming week.
Lets look at how this will affect the majors:
Currencies:
The EUR/USD currency pair crossed a major resistance area at $1.32 on Friday and higher prices are now possible this week. Look for trading opportunities as the EUR/USD makes new highs.
Stocks:
The S&P500 broke back below 1,118 on Friday and this week we can expect the S&P500 to consolidate above 1,100. Look for trading opportunities within this range. Be aware that a break below 1,100 would possibly lead to much lower prices.
The FTSE (London) is in a tight consolidation range between 5,300 and 5,400. Look for trading opportunities within this range. Be aware that a break below 5,300 would possibly lead to lower prices and above 5,400 would lead to higher prices.
Commodities:
Oil broke below support of $81.50 and is holding above $80.00 support. This week expect consolidation in this range.
Binary Options Daily Review August 6, 2010
Stocks
U.S. stocks slightly lower Thursday ahead of Payrolls report
U.S. stocks recovered to finish slightly lower Thursday as investors braced for the government’s monthly payrolls report on Friday morning.
Currencies
U.S. dollar lower ahead of Payrolls report
The U.S. dollar declined slightly against the euro on Thursday on thin trading ahead of Friday’s U.S. jobs report, which is expected to show private employers hired while overall payrolls dropped.
Commodities
Gold closes higher for 7th straight session
Gold for December delivery, the most actively traded contract, settled up $3.40, at $1,199.30 an ounce. Gold actually passed $1,200 with an intraday high of $1,202.80 an ounce and an intraday low of $1,192.
Oil ended lower on Thursday
Oil closed down on Thursday, following stocks, as traders histated to open positions ahead of U.S. payrolls data.
Binary Options Gameplan – 5-8-10: FTSE Bullish…
The FTSE index is close to breaking a key resistance at 5400 which has been building up over the last 2 months. A break should lead to much higher prices, a precursor to a much anticipated economic recovery in Britain.
Binary Options Daily Review August 5, 2010
Stocks: U.S. stocks end higher on Wednesday
U.S. stocks end higher Wednesday due an improving labor situation and better-than-expected growth in the services sector which helped to assuage investor fears about the struggling economic recovery’s ability to create jobs.
Currencies: Euro and Pound slightly down versus the dollar
The euro fell slightly to $1.3150 from $1.3157, and the British pound finished at $1.5877, down from $1.5887.
Commodities:
Gold rises just below $1,200
Gold futures rose for a sixth straight session on Wednesday as buyers continued to support prices, but ended less than $5 short of the $1,200-an-ounce level.
Oil down slightly on Thursday
Crude futures edged down Wednesday, snapping a four-session winning streak as the dollar strengthened slightly.
Binary Options Gameplan – 4-8-10: USDJPY Bearish (continued)…
The USDJPY just hit 8 month lows, after we posted last weekend a significant support line which would lead to lower prices if broken. Now the USDJPY can be expected to continue lower, unless the Federal Reserve changes course towards a strong dollar.
