SamTrader1
Active member
- Messages
- 164
- Likes
- 0
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets opened sharply lower following Thuesday’s painful tumble in Western markets. The Nikkei fell 2.5% to 8719, while the Kospi plunged 6.2%, its largest daily loss since November 2008. Australia’s ASX 200 sank 3.5%, and the Hang Seng dropped 3.1%, breaking below the 20000 mark to close at 19400. China’s Shanghai Composite fared better than its peers, declining just 1% to 2534.
European markets extended their declines, led by the DAX which dropped 2.2%. The CAC40 fell 1.9%, and the FTSE lost 1%, as banks once again led the declines.
Germany's DAX Lost Nearly 10% this Week
US markets briefly pushed into positive territory after opening lower, but were unable to maintain the gains, selling off into the close. The Dow sank 173 points to 10,818, the Nasdaq fell 1.6%, and the S&P 500 dropped 1.6%.
HP shares tumbled 20% to a 6-year low, after announcing it was considering spinning off its PC business, and slashed its outlook for the year. Marvell Technologies rallied 5.9% on strong profits, and Ann Tayor shares jumped 12.6% on a strong outlook.
Treasuries and Commodities
Bonds closed flat on Friday, with the exception of 30-year notes which rose 18/32 to yield 3.39%. The yield on the 10-year note remained at 2.06%.
Energy closed mixed as crude oil eased .12 to 82.26, while gasoline futures rallied 2.1% to 2.8412.
Precious metals soared, with silver jumping 4.3% to 42.432, and gold gaining 30.20 to a record close of 1852.20. Copper rose a most modest .4% to 3.9835.
Agricultural futures jumped, led by sugar which rocketed up 6.3%, and wheat which climbed 3.3%.
Currencies
The Swiss Franc gained 1.1% to .7850, as sellers took advantage of the recent pullback from record highs. The US Dollar closed mostly lower, losing .6% to the Euro, .3% to the Australian Dollar, and .1% to the Canadian Dollar. The Pound traded down .3% to 1.6460, reversing after touching a 3-month high of 1.6614. The Yen hit a record high against the dollar, but closed unchanged.
Economic Outlook
Due on Monday is the Chicago National Activity Index, and Mortgage Delinquencies.
No major earnings reports are scheduled for Monday.
Binary Options Trading analysis written by Bradley Welcher
To read the Weekly fundamental analysis click here
Equities
Asian markets opened sharply lower following Thuesday’s painful tumble in Western markets. The Nikkei fell 2.5% to 8719, while the Kospi plunged 6.2%, its largest daily loss since November 2008. Australia’s ASX 200 sank 3.5%, and the Hang Seng dropped 3.1%, breaking below the 20000 mark to close at 19400. China’s Shanghai Composite fared better than its peers, declining just 1% to 2534.
European markets extended their declines, led by the DAX which dropped 2.2%. The CAC40 fell 1.9%, and the FTSE lost 1%, as banks once again led the declines.
Germany's DAX Lost Nearly 10% this Week
US markets briefly pushed into positive territory after opening lower, but were unable to maintain the gains, selling off into the close. The Dow sank 173 points to 10,818, the Nasdaq fell 1.6%, and the S&P 500 dropped 1.6%.
HP shares tumbled 20% to a 6-year low, after announcing it was considering spinning off its PC business, and slashed its outlook for the year. Marvell Technologies rallied 5.9% on strong profits, and Ann Tayor shares jumped 12.6% on a strong outlook.
Treasuries and Commodities
Bonds closed flat on Friday, with the exception of 30-year notes which rose 18/32 to yield 3.39%. The yield on the 10-year note remained at 2.06%.
Energy closed mixed as crude oil eased .12 to 82.26, while gasoline futures rallied 2.1% to 2.8412.
Precious metals soared, with silver jumping 4.3% to 42.432, and gold gaining 30.20 to a record close of 1852.20. Copper rose a most modest .4% to 3.9835.
Agricultural futures jumped, led by sugar which rocketed up 6.3%, and wheat which climbed 3.3%.
Currencies
The Swiss Franc gained 1.1% to .7850, as sellers took advantage of the recent pullback from record highs. The US Dollar closed mostly lower, losing .6% to the Euro, .3% to the Australian Dollar, and .1% to the Canadian Dollar. The Pound traded down .3% to 1.6460, reversing after touching a 3-month high of 1.6614. The Yen hit a record high against the dollar, but closed unchanged.
Economic Outlook
Due on Monday is the Chicago National Activity Index, and Mortgage Delinquencies.
No major earnings reports are scheduled for Monday.
Binary Options Trading analysis written by Bradley Welcher