Aug 10
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Binary Option Market Review

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Binary Option Market Review

Will earnings reports save the stock market this week?

binary option market review

binary option market review

This week a handful of economic reports and earnings reports will affect the markets. The home-builders’ index for August, scheduled for Monday, is expected to tip higher. Housing starts for July are set for Tuesday, with economists penciling in a rise in the pace of new home construction. Wal-Mart Stores Inc. releases its second-quarter reports on Tuesday, with analysts estimating that the world’s largest retailer’s earnings will rise 10% from the same period a year ago to 97 cents a share. Home-improvement retailer Home Depot Inc. also reports its results on Tuesday, and is forecast to earn 71 cents a share.

Binary Option Market review

Lets look at how this will affect the majors:

Stocks:

Binary option market review -

U.S. stocks will likely extend consolidation after breaking down the upward trend last week. The S&P500 index will likely continue to hover around 1,080, with investors looking for queues from earnings to break his consolidation.

Currencies:

Binary option market review -

After falling 4% last week, the EUR/USD pair will likely consolidate and trade sideways this week. Look for trading opportunities within this consolidation range around the $1.27 – $ 1.29 area.

Commodities:

Binary option market review -

Gold futures look like they are building strength to clear the 1,200 area and head higher.

Oil futures are consolidating above the $75 area, after losing ground last week and failing to clear $83, 2 weeks ago.

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Posted in Market Reviews by admin 22 Comments

22 Responses to "Binary Option Market Review"

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