In Europe the situation seemed to come to a shaky resolution, as leaders came to an agreement on a contingency plan to protect Greece, involving the International Monetary Fund (IMF) in any bailout proceedings....
Articles by Brendan M., Author at Binary Option
Coffee Continues Strong Rally as Oil Slips
March 26, 2010
Gold continued its rally, breaking through the 1100 mark as buyers moved to take advantage of low prices. Oil kept moving lower as investors began to worry that supply was too high to sustain its value,...
Mortgage Sector Surges Upwards on National Program
March 26, 2010
Markets started the day very strongly on a number of fundamentals, before getting beaten back by the situation in Korea leading to investor jitters. In the end, even with big gains around the market, overall...
Asian Markets Surge Ahead as Europe Slips
March 26, 2010
The markets globally were dominated by news of a eurozone compromise, with investors somewhat wary of what the consequences of the agreement would ultimately be. Late in trading a South Korean ship going...
South Korean Ship Sinks Near North Korea
March 26, 2010
Early in the day the fundamentals were ruled by the announcement that the European Union had come to an agreement on how to handle the Greek crisis, should it deteriorate past a certain level. That guided...
EUR/USD Undergoing Technical Recovery
March 26, 2010
After testing levels a number of times, Gold managed to break and hold the 1100 resistance, largely on the strength of fundamental uncertainty resulting from the sinking of a South Korean ship. Oil pushed...
Buy Gold For Short Term Gains
March 26, 2010
With the markets tensely watching the situation in Korea to see if anything develops after the sinking of a South Korean ship, directionality is especially difficult to determine currently. Even where...
Coffee Hits New Highs on Supply Concerns
March 25, 2010
The eurozone uncertainty and strong domestic fundamentals helped push the US Dollar higher on Thursday, driving Oil down. Gold managed to eke out slight gains as investors looked for alternative investments,...
Yuan Slips Second Day in a Row
March 25, 2010
The Euro continued to flounder today, as Europe became increasingly embroiled in a struggle over International Monetary Fund (IMF) involvement in the Greek situation. The Dollar (USD) continued to strengthen...
European Markets Find New Yearly Highs
March 25, 2010
The world was mixed today, with a rising Dollar and slumping commodities helping to apply downward pressure on indices, while increasing optimism and strong retail sales pushed upward. The big fundamental...
US Markets Vascillate on Eurozone and Consumers
March 25, 2010
The markets started out extremely strong on Thursday, with fundamental data coming from the US government showing job losses were less than anticipated. Ultimately, however, a strengthening Dollar and...
Consumer Spending Data Continues to Improve
March 25, 2010
Thursday’s meeting in Europe was the big news in early trading, and helped markets begin a strong rally. In the US a statement that interest rates would remain at their extremely low levels for some...
Gold Recovers But Remains Short-Term Bearish
March 25, 2010
Oil had a bumpy day, with fundamental data pushing it up before uncertainty about the eurozone pushed it back down. At this point it appears to be operating almost entirely free of fundamentals, and continues...
Shorting Health Stocks for Fast Turnover
March 25, 2010
The markets were choppy today, with mixed news from the European Union after the President of the European Central Bank disparaged the idea of an International Monetary Fund bailout of Greece, even as...
Euro and Cable Plumb New Lows
March 24, 2010
The appetite for risk all but vanished from the markets on Wednesday amid a downgrade of Portugal’s credit rating. This helped drive the Euro down, pushed the Canadian Dollar (CAD) away from parity with...
Gold and Oil Continue Downward Push
March 24, 2010
The biggest force in the market today was a downgrade in Portugal’s credit rating to an AA-, helping to highlight just how precarious the sovereign debt situation is, not just in Greece, but in the broader...
European Markets Sustain in Spite of Doubts
March 24, 2010
The world markets were mixed today, with concerns about the health of the eurozone wreaking havoc on the US markets and pushing commodities down, while Europe managed to hold on to gains in some indices...
Bank of America Considers Principle Reduction
March 24, 2010
The markets took a heavy hit on Wednesday as fears over eurozone stability increased yet again. Stocks were down in every sector as the bullish sentiment that has been guiding the markets for the last...
Portugal’s Credit Rating Lowered on Debt Concerns
March 24, 2010
The big news for Wednesday was a downgrade in Portugal’s credit score by Fitch, reducing it to a AA- on the basis of an increasing deficit gap and concerns about their sovereign debt. This helped push...
CAD Parity Option Remains Open
March 24, 2010
With Portugal’s credit downgrade and continued instability in the eurozone, Euro went downhill again, the Dollar saw a boost that pushed down commodities across the board, and the Swiss Franc (CHF) continued...