SamTrader1
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Indices
The Dow Jones Industrial Average advanced more than 60 points, rising solidly above 12,000, after plunging 228 points on Thursday amid global concerns. The S&P 500 advanced 0.8 percent, above 1,300, and the tech-heavy NASADQ also gained
Dow Jones Industrial Average (March 7-March 11)
FOREX
Scheduled event risk becomes lighter this coming week for the global docket; but that won’t calm the Euro. The shared currency is facing a critical decision that can tip the scales for direction and volatility through the indefinite future. The market will need to decide whether it is more concerned about financial stability in the region or the potential for higher returns through rate hike speculations. First the market will need to determine the extent of its concerns and skepticism surrounding the EU’s financial commitments. Then, we will need to assess the bearing and conviction of underlying risk appetite trends.
EUR-USD (March 7-March 11)
Commodities
Shares of oil ended lower, although US light sweet crude closed above $100 a barrel for the 8th day in a row. London Brent crude closed below $114. While the earthquake will lead to a near term reduction in global demand, traders remain nervous about the direction of events in the Middle East and Libya, where intense fighting continued.
(Crude Oil March 7-March 11)
Equities
Among Dow components, 3M and Caterpillar gained, while and AT&T fell. Steel Dynamics rose 3.9 percent to $18.55. The company forecast first-quarter earnings that could be as high as 42 cents a share, compared with the 38-cent average of analyst estimates. Caterpillar climbed 1.7 percent to $100.02 after Morgan Stanley said it would outperform the industry over the next 30 days.
By BinaryOptionStrategy.com
The Dow Jones Industrial Average advanced more than 60 points, rising solidly above 12,000, after plunging 228 points on Thursday amid global concerns. The S&P 500 advanced 0.8 percent, above 1,300, and the tech-heavy NASADQ also gained
Dow Jones Industrial Average (March 7-March 11)
FOREX
Scheduled event risk becomes lighter this coming week for the global docket; but that won’t calm the Euro. The shared currency is facing a critical decision that can tip the scales for direction and volatility through the indefinite future. The market will need to decide whether it is more concerned about financial stability in the region or the potential for higher returns through rate hike speculations. First the market will need to determine the extent of its concerns and skepticism surrounding the EU’s financial commitments. Then, we will need to assess the bearing and conviction of underlying risk appetite trends.
EUR-USD (March 7-March 11)
Commodities
Shares of oil ended lower, although US light sweet crude closed above $100 a barrel for the 8th day in a row. London Brent crude closed below $114. While the earthquake will lead to a near term reduction in global demand, traders remain nervous about the direction of events in the Middle East and Libya, where intense fighting continued.
(Crude Oil March 7-March 11)
Equities
Among Dow components, 3M and Caterpillar gained, while and AT&T fell. Steel Dynamics rose 3.9 percent to $18.55. The company forecast first-quarter earnings that could be as high as 42 cents a share, compared with the 38-cent average of analyst estimates. Caterpillar climbed 1.7 percent to $100.02 after Morgan Stanley said it would outperform the industry over the next 30 days.
By BinaryOptionStrategy.com