Binary Options Market Highlights
EURUSD edging lower
If you have been following our previous newletters about the Euro's expected decline, you are probably in the money by now. The euro had dropped to $1.2341 as of 0450 GMT from $1.2392 in New York late Monday, and fell to Y114.13 against the yen compared with Y114.64. Traders said that U.S. banks and Japanese institutional players appeared to be behind the selling.
Crude Oil Settles at 5-month low, barely above $70
Crude-oil ended at a five-month low Monday amid concerns that Europe's debt troubles will slow down the global economic recovery and, by extension, demand for oil. We anticipate Oil to weaken further should the U.S. Dollar continues to strengthen as expected, but we are keeping a keen eye on the Oil spill in the Gulf of Mexico which could trigger a possible rebound.
Gold ends higher; copper drops 6.5%
As we promised all week long in our newsletters, Gold continues its march higher. While Gold slowly edges higher and appears to be resting at these levels, we expect Gold prices to continue higher following the stronger U.S. dollar.
U.S. Stocks are now poised for a recovery
Blue chips erase a nearly 200-point slide with major U.S. stock indexes finishing modestly higher, after a late-session reversal led by technology companies overrode worries that Europe's debt troubles would deny any chances of global economic growth.
AAPL, GOOG, MSFT lead the late session rally
Technology stocks put the brakes a on losses Monday, as the sector rallied late in a session highlighted by broad-market concerns about the state of the global economic recovery. Aadvances came from Google Inc. (GOOG 507.97, +0.44, +0.09%) , Intel Corp. (INTC 22.02, +0.13, +0.59%) , Microsoft Corp. (MSFT 28.94, +0.01, +0.03%) and Apple Inc. (AAPL 254.22, +0.40, +0.16%).
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