The week has been positive again especially for most binary metals and for the USD.
As well as, other top performers this week have been 30 year bond and also 10 year note. The MSCI Asia Pacific Index increased by 0.7 % to 123.41. South Korea’s Kospi Index rose by 0.6%. Australia’s S&P/ASX 200 made gains of 0.3%. Singapore’s Straits Times Index rose 0.3%.
On the other hand, Crude Oil marked yesterday losses of 12 cents, but is much higher this morning by $1 at the $93.42 level.
There are various factors influencing the recent weak crude oil binary option in the recent trading days. The strong dollar has been an important reason, together with the resuming production in the Gulf of Mexico.
Thw AUD/USD currency pair has been very strong this week, but has declined in the past few trading days. However, the increased to a degree pushed up the currency. Even most binary option analysts expect to see further gains by AUD/USD.
In terms of the EUR/USD pair, seems like are heading at 1.2040/45. On the other side, Interim resistance comes in at 1.2560, 1.2615/20 (channel resistance, 100-DMA), and 1.2660/70 (long-term descending channel resistance). While, near-term support comes in at 1.2500, 1.2440/45.
The biggest winner of this week is Lean Hogs (+1.3%), which outperformed last week’s winner Natural Gas (+ 13.7 %). Lean Hogs gained only 1.3%, while last week Natural Gas managed to increase by 13.7%.
The next winner of the week is 30 Year Bond, which replaced last week’s winner Coffee. 30 Year Bond gained only 1.1%, while a week ago Coffee managed to increase by 11.3%.
Binary option on the 30 year Bond continued to extend its rise, closing today at $ 29.54 which is well-above its range of the last 50 days, MA – 50 ($27.43). This demonstrates the extend of the rise.
On the other hand, the biggest loser of the week Soybean Meal (- 7.1), which replaced Cotton of last week. Previous Friday’s sump up indicated that Binary cotton lost 3.7%. Binary option on Soybean closed at lower levels, as harvest output was lower than what was expected.
Whether we could see some corrective moves by Soybean Meal heavily depends on how successful South America is with their crop on record planted acres.
Furthermore, the best performing indexes turned out to Nasdaq 100 (+0.3%), which replaced last week’s champion, Nikkei 225. Nasdaq 100 is followed by
DJIA (+0.2).
On the other side, this week the worst performing index Nikkei 225, after just being the top performed. Being hit by significant downwards corrective moves this week Nikkei 225 lost 1.4%.
Despite, the largely falling Japanse Index Nikkei 225, the Japanese Yen performed beyond expectations. The currency managed to recovered from its previous losses. This takes places in a time when the Bank of Japan eased out with its monetary policies. Japan’s central followed a more aggreissve aproach towards its other counterparts. The JPY had earlier fallen down to a 1 month low level as the BOJ encouraged risk taking.
In fact, the JPY traded at the $1.3056 level, moving up by 0.1% at the end of the day.
The range of change of the other traded instruments is between +1.6 % to – 7.1 %, as follows:
Lean Hogs
+ 1.6%
30 Year Bond
+ 1.1%
USD
+ 0.5%
Soybeans
– 6.6%
Soybean Meal
– 7.1%
Source: binaryoption |
