Binary Options Analysis – Commodity Prices Continue to Soar

Commodities & Currencies:
Commodities continued their surge higher with Oil gaining 22 cents to close at 86.84, while Gold advanced $2.40 to finish the day at 1,134.30. Commodity Currencies also soared higher as the Canadian Dollar finally overcame Dollar parity in overnight trading. Spot on the CAD currently sits at .9995. The AUD gained .76% and the NZD gained .50%

daily recap apr07

Equities & Treasuries:
Although Japan’s Nikkei 225 cooled off on Tuesday, in overnight trading it offset the prior day’s losses to gain .09%. Europe finally back in session after an extended Holiday traded higher with ESTX inching closer to 3,000 as it advanced .37% to 2,989.49. The FTSE 100 gained 35.46 points on the day. On Wall Street, equity traders took some profit off the table as the Dow closed down only 3.56 points. Treasury prices rose for the first time in several days sending yields lower. A review of the FOMC minutes released yesterday still highlighted the FED’s bias for low interest rates over an “extended period”.

Economic Outlook:
Australia as expected raised their key target rate to 4.25% boosting demand for the AUD. In overnight data releases, the Bank of Japan as promised left key interest rates unchanged at .10%. Later today Swiss Retails Sales will print as will GDP in the Euro-zone. In Canada, Building Permit numbers will be released today. The U.S Fed Chairman, Ben Bernanke will speak today and will most likely provide some elaboration on the FOMC minutes that were released yesterday.

- Alex Perlmuter

Risk Warning: Please note that Binary Options Trading involves substantial risk of loss.

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