SamTrader1
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Markets
Stock finished mixed after a wild day Friday. We saw the Dow gyrating more than 400 points throughout the day, as investors remained extremely wooried over the state of the global economy.
The DJIA finished higher for the day, after swinging more than 400 points and crossing the flatline 16 times throughout the session. The index was up 172 points at session high and down 245 points at its low. The S&P 500 and the Nasdaq both ended lower.
For the week, the Dow tumbled 5.75 percent, logging its steepest weekly decline since Mar. 2009. The S&P plunged 7.18 percent, while the Nasdaq plummeted 8.13 percent, posting their biggest fall since Nov. 2008.
DJIA
FOREX
Sterling traders will turn their attention to the Bank of England quartelyr inflation report on tap for the following week. The central bank’s assessment of the economy should heavily influence the Pound as the MPC maintains a wait-and-see approach for monetary policy. Indeed, the BoE will most likely keep borrowing costs at 0.50% while maintain its asset purchase target at GBP 200B, and the central bank may preserve its current stance throughout the remainder of the year as the region faces a slowing recovery.
GBPUSD
COMMODITIES
Gold prices surged $20.50 this week to settle at $1,648.80. This saw the precious metal gaining for a fifth-consecutive week.
GOLD
EQUITIES
Procter & Gamble posted better-than-expected earnings as cost cuts and price increases helped mitigate the impact of more expensive materials. Priceline surged to lead the S&P 500 gainers after the online travel agency reported a higher profit that beat expectations as strong growth at its overseas markets boosted bookings. At least two brokerages raised their price targets on the firm. Bank stocks were Friday’s biggest laggards led by losses from the Bank of America and Citigroup. BofA slipped after Wells Fargo cut its rating on the financial giant to “market perform” from “outperform.”
Binary Options Trading analysis written by David Frank
Stock finished mixed after a wild day Friday. We saw the Dow gyrating more than 400 points throughout the day, as investors remained extremely wooried over the state of the global economy.
The DJIA finished higher for the day, after swinging more than 400 points and crossing the flatline 16 times throughout the session. The index was up 172 points at session high and down 245 points at its low. The S&P 500 and the Nasdaq both ended lower.
For the week, the Dow tumbled 5.75 percent, logging its steepest weekly decline since Mar. 2009. The S&P plunged 7.18 percent, while the Nasdaq plummeted 8.13 percent, posting their biggest fall since Nov. 2008.
DJIA
FOREX
Sterling traders will turn their attention to the Bank of England quartelyr inflation report on tap for the following week. The central bank’s assessment of the economy should heavily influence the Pound as the MPC maintains a wait-and-see approach for monetary policy. Indeed, the BoE will most likely keep borrowing costs at 0.50% while maintain its asset purchase target at GBP 200B, and the central bank may preserve its current stance throughout the remainder of the year as the region faces a slowing recovery.
GBPUSD
COMMODITIES
Gold prices surged $20.50 this week to settle at $1,648.80. This saw the precious metal gaining for a fifth-consecutive week.
GOLD
EQUITIES
Procter & Gamble posted better-than-expected earnings as cost cuts and price increases helped mitigate the impact of more expensive materials. Priceline surged to lead the S&P 500 gainers after the online travel agency reported a higher profit that beat expectations as strong growth at its overseas markets boosted bookings. At least two brokerages raised their price targets on the firm. Bank stocks were Friday’s biggest laggards led by losses from the Bank of America and Citigroup. BofA slipped after Wells Fargo cut its rating on the financial giant to “market perform” from “outperform.”
Binary Options Trading analysis written by David Frank