Binary Options Report (Jan. 23- Jan. 27)

Markets

The markets finished Friday a bit mixed as weak economic and earnings reports scared investors. Further fears out of the Euro zone were no help. The Dow Jones was off 74.17 points, and closed at 12,660.46. The S&P 500 paired losses but was off by 2.10 points, or 0to close at1,316.33. The Nasdaq rose 11.27 points to close at 2,816.55.

DJIA CHART

 

FOREX

This week will featre an important European summit. Also, we have US employment data due out which should make it an interesting week for forex markets. .

The EURUSD never looked back as it ended near fresh multi month highs at the close of Friday. Can it sustain this recovery?

A European summit on Monday could be a key factor in the Euro as we enter February. On Friday, the NFP are released in the US.  These will highly influencethe broad financial markets. . Markets are tired of listening to Angela Merkel, Nicolas Sarkozy, and fellow Euro Zone leaders commit to vague action plans for the sake of the Euro Zone. In other Can Monday’s summit finally give us some solid indication of a game plan to save the Euro Zone? If not… the Euro recover can be in real trouble.

EURUSD

 

 

COMMODITIES

Oil was off 14 cents andclosed at $99.56 after hitting $100.63. Brent rose 67 cents to end at $111.46. Gold rose Friday by 9.40 to close at 1663.70 and ounce on the COMEX.

Oil Chart

 

EQUTIES

Among the Dow components, Caterpillar was the biggest winner and Travelerswas the biggest loser for the day. Chevron was down sharply after the oil giant reported lower-than-expected earnings, due to rising spending on oil and gas projects offset gains from rising crude prices. Ford also posted lower-than-expected earnings on disappointing results outside North America and rising commodity costs.

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