Binary Options Report (Jan. 9- Jan. 13)

Markets

Markets had a quiet day on friday. This coomes as traders are uneasy after some weak earnings reports.

All three major US indices we up adding two percent for the week. This comes as ongoing trepidation over the Euro zone debt crisis. The Dow Jonesrose96.50 points, to close at 12,720.48. The S&P 500 rose0.88 points to close at 1,315.38. The Nasdaq lost 1.63 points to finish at 2,786.70.

DJIA CHART

 

 

 

FOREX

The US Dollar lost much ground this week. The Euro showed signs of life against the Dollar . It will be important to watch events out of the US this coming week as it could impact the Dollar further.

We will be watching the US Fed’s policy setting decision on Wednesday and end-of week GDP data. The Fed is very unlikely to change interest rates or monetary policy, but it will unveil a new tool in its arsenal: interest rate forecasts. FOMC members will show when they interest rates will be raised through 2016.

 

EURUSD

 

COMMODITIES

Crude was down $1.93 to close at $98.46 .The market was down 0.2% for the week. On Friday, gold was u $9.60 to close at $1664.00.

Oil Chart

 

EQUTIES

Google fell sharply to lead the S&P laggards after the Internet giant’s results failed to reach Wall Street estimates. goole had beaten on revenue for eight consecutive quarters. Talbots jumped over 15 percent amid takeover talks from Golden Gate. General Motors reclaimed again the top spot as the world’s best selling maker of autos

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