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Binary Options Analysis – The EUR Soars on Greece Bailout


Equity Markets finished on a high note last week. In Japan, the Nokkei 225 closed up .32% to 11,204.34 while in Europe the ESTX 50 gained 51.23 to close just shy of the 3,000 mark. The FTSE 100 advanced 1.02% to 5,770.98. The DAX picked up an impressive 1.26% to finish the session at 6,249.70. In the U.S, the Dow jumped up another 70.28 to fall just short of 11,000, but closing at a high for the year.

daily recap apr12

Crude Oil settled below the key $85 Resistance level after losing 47 cents. It was the third straight session loss for Crude after breaking through major Resistance. In the Metals space both Copper and Gold advanced to end the week. Gold gained $9 an ounce on Friday to close above Resistance to 1,161.90.

The Dollar was down across the board Friday. The DXY sank below 81 and for now is finding support at the 50 day Moving Average. The EUR rose back above 1.35 to gain 1.35% while the AUD closed at .9332 tacking on .47%. The CAD dashed towards Dollar parity yet again, finishing the U.S session at 1.0026.

Economic Outlook:
This will be a quieter week then previous two for market moving economic releases. In the Asia session to start the week, the BOJ Meeting minutes will be released.  As the BOJ Governors have been relatively straight forward in the media we do not expect to see anything of substance released here. We will have to jump to Wednesday before the market will have a chance to digest meaningful data as U.S Retails Sales figures will be released. Analysts are looking for a continued up-tick in these numbers at a 1% increase for March.

Disclosure: none