BinaryOptionStrategy-Weekly Market Analysis (Feb. 14-Feb. 18)

SamTrader1

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By, http://www.BinaryOptionStrategy.com

Indices

Stocks continued to push higher for a third week, with the S&P 500 up 1 percent to 1343, and the Dow up close to a percent to 12,391. The NASDAQ was up 0.9 percent at 2833, and the Russell 2000 continued to climb, rising 1.5 percent to 855, just 2.5 percent from its all time high.


Dow Jones Industrial Average (Feb. 4-Feb. 11)
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FOREX

The Japanese yen recovered the losses from earlier this week, with the USDJPY falling back from a yearly high of 83.96, and the exchange rate may continue to push lower in the days ahead as it carves out a near term top in February. The Bank of Japan raised its fundamental assessment for the first time in nine months after holding the benchmark interest rate at 0.10% earlier this week and said that the “economy is gradually emerging from the current deceleration phase” as the central bank takes unprecedented steps to stimulate growth. The EURO halted its three week decline against the USD as inflation concerns continue to drive the currency higher; this while investors continue to shrug off rising yields among indebted countries in the EURO ZONE.

EUR-USD (Feb. 14-Feb. 18)

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Commodities

Crude oil gained, with US light sweet crude rising for the week to close at $86.20 a barrel amid the tensions in the Middle East. London Brent crude rose for the week, closing at $102.52.

Crude Oil (Feb. 14-Feb. 18)
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Equities

Time Warner shares climbed after the group ousted Jack Griffin, the head of its magazine publishing unit, after less than six months on the job. Nordstrom rose after reporting a 35 percent jump in fourth quarter earnings. Campbell Soup fell to the bottom of the S&P 500 after the maker of soups and snacks cut its full-year forecast.
 
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