SamTrader1
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Markets
The Dow was under pressure Friday after Caterpillar’s profit missed estimates, but US Markets were set to close the week in positive territory following a handful of good earnings and a bailout package for Greece agreed uon by the EMU.
The Dow Jones Industrial Average was lower, led by Caterpillar and Verizon, after ending sharply higher in the previous session. The S&P 500 and the Nasdaq were higher.
DJIA
FOREX
The Euro rallied against the Greenback on an agreement for further aid for Greece, closing a great deal of uncertainty surrounding the at risk country and for the Euro zone. Officials released details of a agreement and offered concrete details on further fiscal aid for periphery nations. A pronounced rally across European bond markets and the Euro currency underlined that plans were well received. However, a key week for European economic data could ultimately decide the single currrency price in the days ahead.
EURUSD
COMMODITIES
Gold rose above the $1,600 level again as skepticism over Greece’s bailout plan and concerns over the ongoing US debt ceiling debate prompted investors to flee to the metal as a safe haven.
GOLD
EQUITIES
Apple is in early talks to join the bidding for online video website Hulu. Advanced Micro Devices climbed nearly 20 percent after the chipmaker said revenue is expected to increase. This comes as the chip maker bets new processors will steal business from rival Intel. However, analysts were mixed on the stock, two investment banks raised their price targets on AMD while Barclays cut its price target to $8 from $10.
Binary Options Trading analysis written by David Frank.
To read the Weekly fundamental analysis click here
Markets
The Dow was under pressure Friday after Caterpillar’s profit missed estimates, but US Markets were set to close the week in positive territory following a handful of good earnings and a bailout package for Greece agreed uon by the EMU.
The Dow Jones Industrial Average was lower, led by Caterpillar and Verizon, after ending sharply higher in the previous session. The S&P 500 and the Nasdaq were higher.
DJIA
FOREX
The Euro rallied against the Greenback on an agreement for further aid for Greece, closing a great deal of uncertainty surrounding the at risk country and for the Euro zone. Officials released details of a agreement and offered concrete details on further fiscal aid for periphery nations. A pronounced rally across European bond markets and the Euro currency underlined that plans were well received. However, a key week for European economic data could ultimately decide the single currrency price in the days ahead.
EURUSD
COMMODITIES
Gold rose above the $1,600 level again as skepticism over Greece’s bailout plan and concerns over the ongoing US debt ceiling debate prompted investors to flee to the metal as a safe haven.
GOLD
EQUITIES
Apple is in early talks to join the bidding for online video website Hulu. Advanced Micro Devices climbed nearly 20 percent after the chipmaker said revenue is expected to increase. This comes as the chip maker bets new processors will steal business from rival Intel. However, analysts were mixed on the stock, two investment banks raised their price targets on AMD while Barclays cut its price target to $8 from $10.
Binary Options Trading analysis written by David Frank.