SamTrader1
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Markets
Stocks finished higher Friday in a highly volatile week. This Friday aw the Dow logging its first two day rally since early July. Despite the wild market swings in the last days, all three major averages are down less than 2 percent for the week.
The Dow Jones Industrial Average rallied 125.71 points, or 1.13 percent, to finish at 11,269.01. The S&P 500 gained 6.17 points, or 0.53 percent, to end at 1,178.81. The Nasdaq rose 15.30 points, or 0.61 percent, to close at 2,507.98.
For the week, the Dow fell 1.53 percent, the S&P shed 1.72 percent, while the Nasdaq lost 0.96 percent.
DJIA
FOREX
Japan’s 2Q GDP report highlights the greatest event risk for the Yen, but the heightening risk for a currency intervention could take center stage as the exchange rate hovers around a record-low at 76.28. Economic activity in the world’s third-largest economy is expected to slow 0.6% in the Q2 and the ongoing slump in Japan may sap demands for the low yielding currency as the region struggles recovery from the devastating earthquake earlier this year.
USDJPY
COMMODITIES
Gold prices dipped for a second day, sliding from session highs earlier this week, on improved appetite for risk. Oil prices were thrown back into negative territory by the end of Friday’s trading session as headline risk from the US and Europe and the reduction of demand growth forecasts by three major oil organizations knocked the wind out of the earlier rebound.
Oil
EQUITIES
Nordstrom gained after the upscale retailer raised its full-year profit and beat earnings. Health care stocks were largely unchanged with UnitedHealth, Aetna and WellPoint trading mixed. ExxonMobil is on pace to end the week as the most valuable U.S. company after being surpassed by Apple earlier this week.
Binary Options Trading analysis written by David Frank
Markets
Stocks finished higher Friday in a highly volatile week. This Friday aw the Dow logging its first two day rally since early July. Despite the wild market swings in the last days, all three major averages are down less than 2 percent for the week.
The Dow Jones Industrial Average rallied 125.71 points, or 1.13 percent, to finish at 11,269.01. The S&P 500 gained 6.17 points, or 0.53 percent, to end at 1,178.81. The Nasdaq rose 15.30 points, or 0.61 percent, to close at 2,507.98.
For the week, the Dow fell 1.53 percent, the S&P shed 1.72 percent, while the Nasdaq lost 0.96 percent.
DJIA
FOREX
Japan’s 2Q GDP report highlights the greatest event risk for the Yen, but the heightening risk for a currency intervention could take center stage as the exchange rate hovers around a record-low at 76.28. Economic activity in the world’s third-largest economy is expected to slow 0.6% in the Q2 and the ongoing slump in Japan may sap demands for the low yielding currency as the region struggles recovery from the devastating earthquake earlier this year.
USDJPY
COMMODITIES
Gold prices dipped for a second day, sliding from session highs earlier this week, on improved appetite for risk. Oil prices were thrown back into negative territory by the end of Friday’s trading session as headline risk from the US and Europe and the reduction of demand growth forecasts by three major oil organizations knocked the wind out of the earlier rebound.
Oil
EQUITIES
Nordstrom gained after the upscale retailer raised its full-year profit and beat earnings. Health care stocks were largely unchanged with UnitedHealth, Aetna and WellPoint trading mixed. ExxonMobil is on pace to end the week as the most valuable U.S. company after being surpassed by Apple earlier this week.
Binary Options Trading analysis written by David Frank