SamTrader1
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To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets closed lower, erasing early gains. The Nikkei fell 1% to 8628, and the Kospi dropped 2% to 1710. Australia’s ASX 200 eased .5%, and the Shanghai Composite lost .7%. The Hang Seng bucked the trend, rising .5%, lifted by HSBC shares which advanced 2%.
In Europe, the FTSE gained 1.1% to 5095 and the CAC40 climbed 1.1%. Energy companies were lifted on hopes of restoring production in Libya, as rebels seized control of the capital. Italy’s ENI, the largest foreign producer in Libya rallied 6.3%.
US markets closed relatively flat, surrendering early gains. The Dow had risen more than 200 points early in the day, but closed up just 39 points at 10845. The Nasdaq rose .2%, while the S&P 500 ended up fractionally.
Bank of America shares fell 7.9% on a downgrade, and Goldman Sachs dropped 4.7% .
Ninety Nine Cent Stores jumped 8.6% on rumors of a takeover bid by Apollo Global Management.
Treasuries and Commodities
Bonds closed modestly lower, with 10 and 30-year notes down 7/32 yielding 2.09% and 3.41% respectively.
Energy traded mixed as crude oil gained 2.7% to 84.65, while natural gas fell 1.3% to 3.889.
Gold soared to another record high, closing at 1893, up 2.2%. Silver rallied 3% to 43.72, while copper fell .9% to 3.946.
Gold Continues to Soar to Record Highs
Currencies
The Dollar ended mixed in a quiet currency session. The Euro slid .3% to 1.4365, and the Yen fell .3% to 76.77, while the Pound and Australian Dollar rose fractionally. The Swiss Franc fell .6% to .7896, and the Canadian Dollar closed flat at .9902.
Economic Outlook
Tuesday’s reports will include New Home Sales, and the Richmond Fed Business Activity Survey. Earnings are due from Heinz.
Binary Options Trading analysis written by Bradley Welcher
To read the Weekly fundamental analysis click here
Equities
Asian markets closed lower, erasing early gains. The Nikkei fell 1% to 8628, and the Kospi dropped 2% to 1710. Australia’s ASX 200 eased .5%, and the Shanghai Composite lost .7%. The Hang Seng bucked the trend, rising .5%, lifted by HSBC shares which advanced 2%.
In Europe, the FTSE gained 1.1% to 5095 and the CAC40 climbed 1.1%. Energy companies were lifted on hopes of restoring production in Libya, as rebels seized control of the capital. Italy’s ENI, the largest foreign producer in Libya rallied 6.3%.
US markets closed relatively flat, surrendering early gains. The Dow had risen more than 200 points early in the day, but closed up just 39 points at 10845. The Nasdaq rose .2%, while the S&P 500 ended up fractionally.
Bank of America shares fell 7.9% on a downgrade, and Goldman Sachs dropped 4.7% .
Ninety Nine Cent Stores jumped 8.6% on rumors of a takeover bid by Apollo Global Management.
Treasuries and Commodities
Bonds closed modestly lower, with 10 and 30-year notes down 7/32 yielding 2.09% and 3.41% respectively.
Energy traded mixed as crude oil gained 2.7% to 84.65, while natural gas fell 1.3% to 3.889.
Gold soared to another record high, closing at 1893, up 2.2%. Silver rallied 3% to 43.72, while copper fell .9% to 3.946.
Gold Continues to Soar to Record Highs
Currencies
The Dollar ended mixed in a quiet currency session. The Euro slid .3% to 1.4365, and the Yen fell .3% to 76.77, while the Pound and Australian Dollar rose fractionally. The Swiss Franc fell .6% to .7896, and the Canadian Dollar closed flat at .9902.
Economic Outlook
Tuesday’s reports will include New Home Sales, and the Richmond Fed Business Activity Survey. Earnings are due from Heinz.
Binary Options Trading analysis written by Bradley Welcher