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#1 25-09-2012 21:24:35

Thomas
Member
Registered: 17-09-2012
Posts: 3

Daily Market review 09/25/2012

Today, the markets are going without any big movements. Investors are looking ahead for the meeting between German Chancellor Angela Merkel and the president of the European Central Bank Mario Draghi in Berlin today. They should discuss problems around ethe uro debt crisis but there aren’t plans for public announcements after the meeting. ECB’s president will speak at the annual events “Day of the German Industries” which is organized by the Federation of the German Industries at 13:00 GMT. Another bank chairman also will speak today. Tomas Jordan, the chairman of the Swiss National Bank, will speak in Pfaffikon at the second International Congress “Quality, Credibility and Sustainability of the Finance Industry”. Binary options traders should look at data for Core Retail Sales m/m for Canada that is expected at 12:30 GMT. Economist forecast that economic indicator will climb to 0.3percen from -0.4 percent for the previous period. In case this prediction became fact this would affect positive at the Canadian dollar and Binary USD/CAD could decline. For 14:00 GMT is scheduled for announcement the data for the CB Consumer Confidence for the United States and binary options traders should be careful because big volatility is possible after release.
European shares opened lower on Monday but retreat very fast this decline. At the moment 7:40 GMT time Binary options on German DAX are trading up around 7414. French CAC 40 is climbing also after lower open and currently is available around 3484. British FTSE 100 is continuing to trade in rage from the previous week and today index is moving around 5823. European currency also started the day with decline but still is trading above 1.2900. Binary options on GBP/USD are moving higher today and the trading is situated around topped high from previous week. Japan’s yen is reversing positions that lose previous week and Binary USD/JPY is trading below 78.00 around 77.77. The Aussie and New Zealand Dollar are trading in range but further upside momentum is expecting.
American stocks closed Monday in a red territory, with the S&P 500 posting a decline for the third-consecutive session, as fears over global economy growth. Down Jones Industrial Average closed down by 0.15 percent or 20.55 points loss. S&P 500 Index also is down by 0.22 percent and NASDAQ Composite Index finished the day with 0.60 percent loss. Binary options on Apple and Facebook made big declines yesterday. Shares on Apple erased 9.305 points and closed yesterday’s American session at 690.790. Facebook also dropped deeper with 9.06 percent loss. Share of Facebook finished at 20.7900.  Commodities are continuing to move in range. Binary options on Gold are trading between 1755 and 1785. Binary Silver dropped below $34 yesterday, but today precious metal is trading higher. Crude is moving around bottom from the previous week and today black gold is above $91 a barrel.
EUR/USD
The European currency is continuing its down move from the previous week against the dollar. The trading is situated below psychological 1.3000 but bullish trend from 1.2040 is still intact. For continuing that trend the price should break above 1.3000 first and should make clear break and daily close above topped high 1.3172. In case of break first target for the price will be at 1.3270 followed by 1.3370. On thedownside, the fist intraday support could be projected at 1.2852. Next support could be set at 1.2820. Only break of 1.2750 will change sentiments of traders to neutral. Onlya  break and a daily close below 1.2650 would switch outlook from bullish to bearish.

S&P 500
Ranging trading is still actual for the Binary S&P 500. Price of the Binary options on S&P 500 index is closed between 1443 and 1474. The price needs to break above up border of the range. In case of break above this level index will gain new positions very fast. The first target is seen at psychological level 1500. For now ranging trading is continuing before new attack of the topped high. On the downside,the 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 is trading in range around bottom from the previous week. The decline is expecting to continue, but first the price of black gold must break below 90.95. In case of this break, next support could be projected at psychological level $90. On the upside , the first resistance is at 94.40. Only a break and a daily close above 97.40 would change scenario from negative to positive.

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