Daily Market Review 09/21/2012

Daily Market Review 09/21/2012

Postby robertfx » Fri Sep 21, 2012 7:26 am

Asian shares climbed in the last session for this week as stimulus measures from major central bank continued to buy investor confidence. The Japanese Nikkei 225 is up by 0.6%, South Korea’s KOSPI gain also 0.6% and TOPIX 500 index raised 3.95 points or 0.67 percent. Nikkei 225 rose, rebounding after the previous session’s sharp fall, as investors took comfort that U.S. stocks were largely steady, shrugging off fears over soft manufacturing data from China, Europe and the United States. In the economic calendar aren’t any important events today for European Union and United States. Binary traders should be careful for events coming from Great Britain and Canada. At 8:30 GMT is scheduled for announce data for Public Sector Net Borrowing for August. Economists expect value between spending and income for public corporations to rise to 13.2B from -1.8B. Canada will announce percent of Core CPI for the last month in 12:30 GMT. Percentage of change in price of goods and services purchased by consumers is waited 0.3%. Just for comparison percentage for the previous month was -0.1. Positive value of the last index could take big effect on Binary

USD/CAD.
European shares are set to open higher today, as news that Spain could seek a new rescue plan within a week. Spanish Prime Minister Mariano Rajoy’s repeated insistence that his country would exhaust any other means possible before requesting a bailout, a report in the FT on Thursday suggests that EU officials are constructing a new Spanish rescue program that will allow for ECB bond-buying to go ahead. Spanish IBEX 35 closed yesterday in red with loss of 76.70 or 0.95 percent at 8022. German DAX Index was trading flat and finished Thursday’s session with 0.02 percent in loss. French CAC 40 drooped yesterday and erased 21.90 points or 0.62% and closed the day at 3509. FTSE 100 Index also declined with 0.57 percent or 33.84 points loss. European currency is trading higher today with around 18 pips in gain. British Pound also is trading on upside direction and the currency pair is near to the topped high 1.6272 in the beginning of the week. The Aussie and New Zealand Dollar are returning their positions that lose yesterday and currently are climbing.

US Stocks recovered from their earlier losses to close flat in thin trading Thursday, but several disappointing global economic reports that pointed to further signs of slowing kept a damper on gains. Down Jones Industrial Average win 18.97 points or 0.14 percent and close the day at 13596. NASDAQ and S&P 500 closed yesterday’s session in red. Broad American Index S&P 500 erased 0.79 points, or 0.05 percent and NASDAQ Composite Index slid 6.66 points, or 0.21 percent, to end the day at 3175. Gold is trading in range but trend continues to be strong bullish in medium term. Binary Silver gains some positions yesterday and precious metal is trading near $35 around 34.88.

EUR/USD
Binary EUR/USD is trading on upside direction today. Currency pair is near to psychological resistance zone 1.3000. Break and daily close above that zone would unlock further bullish momentum for test of the highest level from this week 1.3171. In case of break there next target for bulls would be at 1.3370. On downside first support is at the yesterday bottom 1.2917. Today is possible break of that level and next support for the price of European currency would be at 1.2820. Only break of 1.2750 will change sentiments of trader to neutral. Only break and daily close below 1.2650 would switch outlook from bullish to bearish.

S&P 500
Binary options on S&P 500 index are trading in range but bullish trend is active. In case of break of the highest level from previous week at 1474.50 which is the upside border of the range, price of the Index would gain new positions very fast. First target could be projeceted at the psychological 1500. Ranging trading could been seen first before new attack of the topped high. On downside first support could be projected around 1420 and only break and daily close below that level would change sentiments to neutral. Crucial for the upside momentum is 1390 support level.

Crude oil
Binary Crude oil reversed some positions after yesterday’s sharp drop to 90.95. The down trend is still in action and further decline would be seen. Intraday support could be set at Thursday’s lowest price 90.95 and in case of break below that level next support will be psychological $90 a barrel. On the upside, the first resistance is at 94.40. Only a break and daily close above 97.40 would change scenario from negative to positive.

Source: http://www.binaryoption.com/binary-opti ... 92012.html
robertfx
 
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