Binary Options Commodities Shine
Last week ended with mixed feelings for the binary options trading enthusiasts. In terms of equity, the Asian markets closed bit lower on Friday mainly due to the effect of disappointing economic news that came on Thursday. Both the Nikkei, Shanghai Composite and Hang Seng fell by 1.1 percent, whilst the ASX 200 weakened by 0.1 percent. Kospi showed more resistance to the selling pressure and closed a bit higher than others closed.
On the other hand, the European markets delighted the binary options market as it traded modestly higher. The DAX and FTSE rose by 0 .2 percent, whereas the CAC40 edged up by 0.1 percent. Chile’s Codelco company in Chile, which is counted amongst the leading copper producers, showed excellent earnings thereby helping the resource stocks to strengthen to a large extent.
Similarly, US stocks also showed great gain to the relief of the digital options traders. The Dow rallied by 35 points to reach a mark of 13081. The S&P 500 and the Nasdaq also ticked up by 0.3 percent and 0.2 percent, respectively. Even though the Dow snapped a 3 day losing streak, the VIX dropped down by 4.8 percent to 14.82.
Seeing a sudden plunge in orders, the KB Home lowered by 8.5 percent, whereas the shares for Nike also plunged by 3.2 percent even after reporting good earnings. Despite the launch of IPO, the BATS’ stocks saw huge fluctuations due to the failure in their computer systems, which prompted the company to cancel the IPO and all trades resulting from it.
Coming to the treasuries and commodities, Bond prices saw a good rise as the 10-year notes climbed up to 13/32 to reach a mark of 2.23 percent while 30-year notes yielded 3.21 percent showing one point rise. The German bonds saw a lower raise comparatively, as the 10-year notes and 30-year notes inched up by 0.41 and .835, in that order. The commodities also showed great strength as the crude oil and gasoline climbed up by 1.4 percent to touch a mark of 106.87 and 3.3852 respectively. The natural gas rallied by just 0.3 percent to reach 2.275 points. The metals looked bright as the silver rallied by 3 percent to 32.372 points, and the Copper also advanced by 1.1 percent to 3.8085. Gold also shined by 1.2 percent to reach a mark of 1662.40.
Dollar looked weaker mainly due to the big climb in the commodities. The Australian Dollar inched up by 0.7 percent to 1.0472, while the Euro bounced to 1.3271 with 0.5 percent gain. The Swiss Franc climbed to 1.1001 with 0.6 percent hike, while the Canadian Dollar rose by 0.1 percent only to 0.9984 points. Both the Pound and Yen edged up by 0.3 percent. As far as the economies are concerned, the overall sales were not as good as expected by the analysts. However, the binary options trading enthusiasts were overjoyed to see the steep rise in the commodities, giving them ample opportunities to gain profits from trading in this sector.
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