Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Binary Options Analysis – Gold Trades at New Highs


Investors are returning to the market place with more confidence as equity markets rise again. In Japan, the Nikkei 225 feeding off the Dow’s move higher, is currently up 226.52 points. Yesterday, the FTSE 100 gained nearly 1% as it looks to climb back to 5,400. In Europe, traders are growing more comfortable with Greece’s financial outlook as the Stoxx Europe 50 added .89% to close just back above 2,500. On Wall Street the DJIA advanced 148.65 points to close at 10,896.91

Commodities & Treasuries:
Gold and Oil continue to move in opposing directions. Oil has lost ground in 7 of 8 sessions while Gold continues to make new all time highs. Gold hit an intra day high near 1,245 before retracing slightly to close at 1,242.70. Oil closed at 75.65,  giving up 24 cents. Yield on the Treasury 10yr edged higher as demand retrenches, though still below the stated coupon rate of 3.625 percent.



The Dollar edged higher as the DXY gained 9 points as it narrows in on an 85 close. Commodity currencies were mixed against the Greenback yesterday. The NZD lost .62% to close at .7129 while the CAD gained .20% to finish the U.S session just south of 1.02. The EUR took another hit yesterday losing .43% to close at near term support of 1.26

Economic Outlook:

Earlier today Australian Unemployment rose to 5.4%, but they also added 37k new jobs beating analysts expectations. In the U.S, Jobless Claims will print today. Looking ahead to Friday, Advanced Retail Sales in the U.S.  The S.E.C is apparently looking into potential charges against several other U.S financial firms as it pertains to the sales of repackaged MBS bonds.

- Alex Perlmuter

Risk Warning: Please note that Binary Options Trading involves substantial risk of loss.

Disclosure: none