The equity markets pushed higher as better than expected payroll data created momentum, which helped, continue the rally that began September 1. This will be the first up week in the past 6 weeks, and the risk on trade seems to be back in vogue. The S&P 500 Index closed up 14 points to 1104.
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binary options Archive
Daily Market Review 09/02/10
Equity markets remained steady after yesterday’s surprising rally to begin the month of September. Naysayers point out that August also began with a very large rally and with the US Non-farm payroll report being released on Friday at 1230 GMT, the market could easily tumble.
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Daily Market Review 08/19/10
Equity markets where hammered as disappointing macro economic data in the US trumped positive UK data, strong earnings and Intel’s bid for MacAfee. The equity markets began to slide early in the session after the US Jobless Claims, and continued to deteriorate throughout the trading day. The S&P 500 Index closed down 18 points to 1075.
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Daily Market Review 08/17/10
The equity markets rallied significant as better than expected industrial production and robust producer prices drove investors into riskier assets. U.S. manufacturers increased their output in July as the auto sector continued to recover, pushing overall industrial production up 1%. Although housing starts in the US did not reach expectations, investors focused on the manufacturing side of the ledger. The S&P 500 Index increased by 12 points to close at 1092.
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Daily Market Review 08/16/10
The equity markets consolidated after a week where the S&P 500 index dropped almost 4%. Equities where hampered by a weaker than expected NAHB housing index and a slightly weaker than expected NY Empire State Manufacturing index. The S&P 500 increased by less than 1 point to end the trading session at 1079.
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Weekly Trading Opportunities 08/12/10
- Monday August 16th 2010 – European Union Consumer Price Index (900 GMT)
The Consumer Price Index released by Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food and energy.
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Daily Market Review 08/13/10
The equity markets treaded water today as a combination of better than expected European GDP and solid retail sales, counteracted the strong negative bias that still exists in the markets. The S&P 500 Index decllined by 4 points to close at 1079.
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Daily Market Review 08/11/10
Global equity markets were hammered today, as renewed concerns about growth pushed the markets down. The S&P 500 Index was under pressure from the outset and settled down more than 30 points to close at 1090.
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Daily Market Review 08/10/10
The equity markets bounced off their lows after the Federal Reserve kept interest rates unchanged and pledged to keep rates unchanged for an extended period. The S&P, which was down more than 11 points, close the session down 6 points to 1121.
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Daily Market Review 08/09/10
The equity markets continued to grind higher today, as investors perceive that the Federal Reserve will resume a period of quantitative easing in order to fight deflation and increase growth. The S&P 500 Index rallied 5 points to close the session at 1128 up 6 points.
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Daily Market Review 08/05/10
The equity markets were under some modest selling pressure today, as the jobless claims number increase by more than expected. The news was taken in stride as investors await tomorrows employment report. For the session the S&P 500 declined by 1 points to 1126.
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Daily Market Review 08/02/10
The combination of a somewhat weaker than expected Chinese PMI, along with strong manufacturing and construction data in the US, pushed the equity markets higher, along with commodities and riskier currencies. For the trading session, the S&P 500 index climbed 24 points to close at 1125, above the 200-day moving average.
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Weekly Trading Opportunities 07/29/10
- Monday August 2nd, 2010 – US ISM Manufacturing Index (1400 GMT)
ISM Manufacturing assesses the state of US industry by surveying executives on expectations for future production, new orders, inventories, employment and deliveries.
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Daily Market Review 07/29/10
The equity markets fell as investors became connizant of a potential deflationary and low growth environment in the US. Fed Governer Fisher’s comments that the US needs to bolster their quantitative easing program to avoid a Japan like situation, scared market participants. The S&P 500 Index dropped 5 points to settle at 1102.
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Daily Market Review 07/27/10
The equity markets consolidated as investors continued to favor stocks over commodities and the dollar. Investors shed commodities as gold and oil prices were hit hard in today’s trading session. Gold prices declined by 24 dollars to settle close to 1160. For the day, the S&P 500 Index declined 1 point to 1113.
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Daily Market Review 07/26/10
Equity markets were boosted by a combination of strong US New Home Sales and solid Asian economic news. Investors were hopeful that the US economy has turned the corner and positive guidance from Fedex helped spark the markets. The S&P 500 Index rallied 12 points to close the trading session at 1115.
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Daily Market Review 07/23/10
The Equity markets showed continued strength as positive earnings and solid European economic data continued to drive the US markets. The S&P 500 Index moved up 9 points to reclaim the 1100 level.
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Weekly Trading Opportunities 07/22/10
- Monday July 26th – US New Home Sales (1400 GMT)
New Home Sale records sales of newly constructed residences in the United States. The figure is a timely gauge of housing market conditions counting home sales when initial housing contracts are signed.
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Daily Market Review 07/21/10
Equity markets started on a positive note, after fabulous earnings released after the bell yesterday by Apple Corp. The positive vibe was wiped away while Ben Bernanke was testifying infront of congress.
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Daily Market Review 07/19/10
The equity markets climbed slightly as investors recovered from Friday’s drubbing. Volume was extremely light and the S&P 500 index oscillated between minus two and plus 8. For the trading session the S&P 500 Index closed higher by 6 points to 1073. After the close, IBM’s poor earnings release, hit the futures, which is likely to spill over into tomorrow’s trading.
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Weekly Trading Opportunities 07/15/10
- Monday July 19th 2010 – US NAHB Housing Index (1400 GMT)
The Index is a timely gauge of home sales and expectations for future home building. Based on a small sample of homebuilders, the Housing Market Index is a timely indicator of future US home sales. However, as the index is not as comprehensive as formal housing reports like new home sales or MBA mortgage applications
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Daily Market Review 07/15/10
The Equity markets did a quick u-turn after announcements from both BP and the SEC encouraged the markets. BP announced that they might have stemmed the leak in the gulf, and investors speculated that the SEC announcement could be a settlement with Goldman Sachs. The S&P 500, which was down as much as 11 points finished the trading session up 1 point to 1096.
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Daily Market Review 07/14/10
Despite excellent earnings after the bell on Tuesday evening by Intel, the equity markets had a difficult time shrugging off worse than expected economic data. The S&P 500 index was unchanged an close at 1095. The VIX, which measures investor’s fears by calculating the price of ATM S&P 500 options, broke an 8-day losing, and bounced off the 50- day moving average.
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Daily Market Review 07/13/10
The equity markets rallied as investors looked at Alcoa’s earnings and CSX comments as very strong for the markets. The S&P 500 rallied 19 points to close above the 50-day moving average to at 1095.
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Weekly Trading Opportunities 07/08/10
- Monday July 12th 2010 – UK Current Account (2030 GMT)
The Current Account summarizes the flow of all goods, services, income, and transfer payments to and from the UK . The report acts as a gauge for how the UK economy interacts with the rest of the world. CA tracks the trade balance (exports and imports for goods and services), income payments (such as interest, dividends and salaries) and unilateral transfers (aid, taxes, and one-way gifts).
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Daily Market Review 07/07/10
The equity markets, commodity prices and gold prices rallied as investors moved into stocks on robust retail sales news. Retailers advanced as the International Council of Shopping Centers said sales were growing at the fastest pace since 2006, easing concern that consumer spending would slump given the state of consumer confidence.
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Daily Market Review 07/05/10
Equity markets saw light volume as the US market was closed for the Independence day holiday.
The Bank of England and the European Central Bank are both holding their regular policy meetings on Thursday and while a no-change interest rate outcome is most likely from both central banks this month, the central banks are facing different policy dilemma at this stage of the cycle. At the Bank of England, interest rate hikes have already been discussed at the June MPC meeting.
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Weekly Trading Opportunities 07/01/10
- Monday July 5th 2010 – EMU Retail Sales (900 GMT)
Retail Sales is the total value of goods and services sold each month at retail outlets. The report acts as a gauge of consumption and consumer confidence. An increasing number of sales signal consumer confidence and economic growth, which would fuel the Euro-zone economy.
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Daily Market Review 07/02/10
The equity markets consolidated after moving down as much as 13 points on the S&P 500 mid day. Disappointing payroll data lead the initial selloff. For the trading session, the S&P 500 index was down 5 points to 1015.
Most investors seem to take it for granted that European growth would be weak this year. The shift in market views has been directed at the US and to a lesser extent China.
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Daily Market Review 07/01/10
The oversold conditions in the equity markets created a late day rally, which created a settlement on the S&P 500 at 1027 down 3 points on the day, after being down as much as 20 points hitting the 1010 level.
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