SamTrader1
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By, http://www.BinaryOptionStrategy.com
Indices
The S&P closed, in Friday’s session, in positive territory, giving the bulls their second straight week of gains. Friday’s gains can be better explained as a “thank you,” after Egyptian President Hosni Mubarak resigned, easing tension around the Middle East for now. For the week, the Dow was up 1.5 percent and both the S&P and NASDAQ were up 1.4 percent.
Dow Jones Industrial Average (Feb. 4-Feb. 11)
FOREX
The US Dollar recovered sharply against all its G10 counterparts through the past week. This could be setting the stage for a broader USD recovery after registering bearish sentiment following months of declines. A flight to safety was ostensibly the reason for the USD recovery. However, fresh multi-year highs in the US S&P 500 hardly suggest risk sentiment has suffered. It is very difficult to time reversals, but, recent price action suggests that the USD could continue to strengthen in the week ahead.
EUR-USD (Feb. 4-Feb. 11)
CommoditiesCrude oil fell after Mubarak announced that he was finally stepping down. Crude oil for March delivery retreated $1.15, or 1.3%, to $85.58 a barrel on the New York Mercantile Exchange.
It was oil’s lowest close since Nov. 30. For the week, crude lost 3.9%
(Crude Oil Feb. 4-Feb. 11)
Equities
Cisco on Friday closed lower. The decline comes after the stock experienced a 14% sell off on the back of disappointing earnings. Shares of Ford Motor Co. rose 2.7% after the auto maker said it will cut its debt load by another $3 billion. Nokia Corp., US shares tumbled 14% after the handset maker said it will adopt Windows Phone as its main Smartphone platform.
Indices
The S&P closed, in Friday’s session, in positive territory, giving the bulls their second straight week of gains. Friday’s gains can be better explained as a “thank you,” after Egyptian President Hosni Mubarak resigned, easing tension around the Middle East for now. For the week, the Dow was up 1.5 percent and both the S&P and NASDAQ were up 1.4 percent.
Dow Jones Industrial Average (Feb. 4-Feb. 11)
FOREX
The US Dollar recovered sharply against all its G10 counterparts through the past week. This could be setting the stage for a broader USD recovery after registering bearish sentiment following months of declines. A flight to safety was ostensibly the reason for the USD recovery. However, fresh multi-year highs in the US S&P 500 hardly suggest risk sentiment has suffered. It is very difficult to time reversals, but, recent price action suggests that the USD could continue to strengthen in the week ahead.
EUR-USD (Feb. 4-Feb. 11)
CommoditiesCrude oil fell after Mubarak announced that he was finally stepping down. Crude oil for March delivery retreated $1.15, or 1.3%, to $85.58 a barrel on the New York Mercantile Exchange.
It was oil’s lowest close since Nov. 30. For the week, crude lost 3.9%
(Crude Oil Feb. 4-Feb. 11)
Equities
Cisco on Friday closed lower. The decline comes after the stock experienced a 14% sell off on the back of disappointing earnings. Shares of Ford Motor Co. rose 2.7% after the auto maker said it will cut its debt load by another $3 billion. Nokia Corp., US shares tumbled 14% after the handset maker said it will adopt Windows Phone as its main Smartphone platform.