Daily Analysis

Staying up to date with what`s happening in the global markets is crucial in the world of binary trading. Read the latest daily analysis and get the most vital information in order to make informed and beneficial decisions.

Daily Analysis

US Stock Market – The US indices finished trading in the green. The S&P 500 went up by 0.17%, the NASDAQ went up by 0.24% and the Dow Jones went up by 0.33%. Analysis shows that there might be an overall drop, given that the S&P 500 stays below the resistance of 2,077. US Dollar – The US Dollar was traded higher against its major counterparts due to the unexpectedly favorable US jobs data. The Non-Farm Employment Change report came out better whereas the Unemployment rate report was aligned with the forecast. EUR/USD – The Euro lost ground to the US dollar following the good economic reports from the US. Analysis shows that the pair is lower than the bearish trend line with an RSI below 50. There might be a jump towards 1.2140, given that these conditions hold. GBP/USD – The Pound also fell versus the US Dollar. Analysis shows that the pair is trading higher than the support of 1.5560. Crude Oil – The price of oil kept going down compared to the minimum closing and is currently around 65.00 per barrel. There are speculations that oil producers in the US might have confrontation with OPEC for market shares.

Daily Analysis

US Stock Market – There was a slight drop in the US Indices, which resulted in an overall negative performance. The Dow Jones fell by 0.07%, the S&P 500 fell by 0.12% and the NASDAQ fell by 0.11%. Analysis shows that the S&P 500 is above the support of 2,050 with an MACD above 0. US Dollar – The US Dollar was traded mixed against its major counterparts, following the release of the Unemployment Claims report. There are expectations for high volatility due to the release of the Non-Farm Employment Change. EUR/USD – The Euro went up against the US Dollar and closed at a rate of 1.2380 following the European Central Bank`s decision to leave interest rates as they are. Analysis shows that the pair has entered into a strong bearish trend, with an RSI below 50. GBP/USD – The Pound lost ground to the US Dollar and closed at a rate of 1.5673 following the unchanged interest rates by the Bank of England. Analysis shows that the pair is above the support of 1.5630 and with a Momentum indicator above 0. Gold – The price of gold dropped and is going at a rate close to 1203.00. There are some fluctuations expected due to the upcoming publication of data on US salaries.

Daily Analysis

US Stock Market – The US finished on a negative trend following the slow than expected growth of the US manufacturing industries. This was further escalated by suspicions of low sales volume during the holiday season. The Dow Jones fell by 0.29%, the S&P 500 fell by 0.68% and the NASDAQ fell by the significant 1.34%. US Dollar – The US Dollar was traded mixed against its major counterparts, following the uncertain economic reports from the US. There are expectations for high volatility today because of the speech that will be given by the Federal Reserve chair. EUR/USD – The Euro went up against the US Dollar and closed at a rate of 1.2469. Analysis shows that the pair is below the resistance of 1.2500 and a Momentum Indicator below 0. If these conditions hold, there might be a drop close to 1.2400. GBP/USD – The Pound went up by 0.78% against the US Dollar and closed at a rate of 1.5734, following the favorable Manufacturing PMI report. Analysis shows that the pair is close to the support of 1.5730 and there might even be a jump towards 1.5780. Crude Oil – There was a rebound in the price of oil and a barrel is currently trading around 69.00, following the indecisive meeting by OPEC.

Daily Analysis

US Stock Market – The US indices finished trading mixed on low volatility following the Thanksgiving festivities. The S&P 500 dropped by 0.25%, the Dow Jones stayed the same at 17,828 and the NASDAQ went up by 0.09%. US Dollar – The US Dollar was traded higher against its major counterparts following investors increased interest towards the currency. This was mainly due to the general pessimistic outlook on the economic conditions in the Euro zone. EUR/USD – The Euro lost ground to the US Dollar following the unchanged CPI Flash Estimate report. Analysis shows the emergence of a Head & Shoulders pattern. If there is a breach in the support of 1.2435 there might be a new level of 1.2400. GBP/USD – The Pound fell against the US Dollar, mainly due to the stable performance of the US economy. Analysis shows that the pair is at the support of 1.5585. Gold – The price of gold dropped by 2% and is currently going at a rate close to 1150.00, following the rejection of the proposal to increase gold reserves by the Swiss Central Bank.

Daily Analysis

US Stock Market – The US indices finished trading in the green, with the Dow Jones rising by 0.22%, the S&P 500 rising by 0.04% and the Dow Jones going up by 0.12%. Analysis shows that if the S&P 500 stays lower that the resistance of 2,073 and with a Momentum Indicator going for 0, there might be a drop to about 2,055. US Dollar – The US Dollar was traded higher against its major counterparts following investors focus on currencies of oil-rich countries. EUR/USD – The Euro lost ground to the US Dollar regardless of the favorable German economic performance reports. The German Unemployment Change was -14K, the GfK German Consumer Climate was 8.7 and the German Prelim CPI landed on mark at 0.0%. GBP/USD – The Pound also lost ground to the US Dollar. Analysis shows that the pair is below the Moving Average of 10. If these conditions hold, there might be a fall close to 10.5650. Crude Oil – The price of oil went down significantly yesterday and is going at a rate of 68.20, following the decision by OPEC not to cut down on oil production, regardless off the dropping value.

Daily Analysis

US Stock Market – The US indices were traded in the green following the anticipated Black Friday shopping spree coming up tomorrow. The NASDAQ went up by 0.61%, the S&P 500 went up by 0.28% and the Dow Jones went up by 0.07%. US Dollar – The US Dollar was lower against its major counterparts following concerns regarding the slowed economic growth. Today`s Core Durable Goods Orders report came out 1.4% below the expectations, but the Unemployment Claims came out 26K higher. EUR/USD – The Euro went up against the US Dollar due to unfavorable US economic data. Analysis shows that the pair has entered into an ascending channel with an RSI above 50. If these conditions keep holding, there might a rise to 1.2575. GBP/USD – The Pound also went up against the US Dollar. Analysis shows that the pair is maintaining a level above the support of 1.5650. If it continues to hold this level, there might be a jump towards 1.6250. Gold – The Price of Gold went down during the trading session in Asia and is going at a rate of 1192.00. This was partially caused by the slow performance of assets whose value is closely related to that of gold.

Daily Analysis

US Stock Market – The US indices were traded mixed, following a good Prelim GDP Report and an unfavorable CB Consumer Confidence Report. The Dow Jones went down by 0.11%, the S&P 500 went down by 0.12% but the NASDAQ went up by 0.07%. US Dollar – The US Dollar went down against its major counterparts following the mixed economic reports. Expectations for today`s Core Durable Goods Orders are at 0.5% versus -0.1% and for the Unemployment Claim at 287K versus 291K. EUR/USD – The Euro went up by 0.37% against the US Dollar and close at a rate of 1.2480. Analysis shows that the pair is below the resistance of 1.2500. If there is a breach, expectations are for a new level of 1.2550. GBP/USD – The Pound went up against the US Dollar and closed at a rate of 1.5720. Analysis shows that if the pair breaches the resistance of 1.5730, there might be a jump to 1.5800. Gold – The price of Gold remains stable for the moment and is going at a rate of 1200.00 following the rise of equities resulted by the general optimism regarding the US economic performance.

Daily Analysis

US Stock Market – The US indices finished trading in the green. The Dow Jones went up by 0.04%, the S&P 500 went up by 0.29% and the NASDAQ went up by 0.89%. Analysis shows that the S&P 500 is bullish, with an MACD above 0. US Dollar – The US Dollar was mixed against its major counterparts following the release of an unfavorable Flash Services PMI report. EUR/USD – The Euro went up against the US Dollar following the favorable German IFO Business Climate report. Analysis shows that if there is a breach in the resistance of 1.2470, there might be a new level of 1.2570. GBP/USD – The Pound went up against the US dollar and closed at a rate of 1.5701. Analysis shows that the pair is trying to breach the resistance of 1.5710 but is experiencing difficulties. Expectations for today`s BBA Mortgage Approvals are at 38.5K versus 39.3K. Gold – The price of Gold remains stable during the trading sessions on the Asian market. The rate is around 1200.00 and investors are waiting for a hint regarding the future movement of the price.

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