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1Choose an asset to trade
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2If you think the price will increase above the current rate at the expiry click "CALL", if you think the price will fall at the expiry click "PUT"
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3Insert the amount of money you want to invest
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4Click "Apply"
DAILY MARKET REVIEW
30-Nov-2011
OVERVIEW
There is no positive news from European markets still though some consensus to enhance bailing out measures has been reached. The uncertainty and lack of confidence are reflected in the market. Asian markets are trading mixed with Australia up 0.22% (4176.50) and Nikkei down 0.84% (840656). The similar situation is in the American markets. The Nasdaq (2515.51) was down 0.47% and The Dow (1555.63) was up 0.28%. Overall picture looks bearish anyway. So any upward trend doesn’t seem to be robust. The duration of such move is also doubtful and apparently will be rather short if appears.
Since there’s not much certainty on the equities markets a lot of attention is drawn to commodities most of which are doing pretty well. Gold (1723) is still above 1700 and chances of testing 1750 are still quite high. The resistance is near 1730 and this level will be crucial for an attempt to rise to the aforementioned level. Silver (31.90) is mixed and it’s fluctuating between 31 and 33 without any clear direction. Oil (99.59) was at 100 again yesterday which was quite symbolic. Some encouraging reports from the USA triggered the rise. So at the current moment the trend is bullish. Oil is expected to rise to 104.
CURRENCIES
EUR/USD
The Euro (1.3337) failed to cross its Resistance at 1.3450 and is rather weak at the moment. The broader outlook is bearish. At the moment it will be a bit volatile and ranged between 1.3300-1.3500.
USD/JPY
Dollar-Yen (77.92) is very close to 78 and in general is bullish. It is quite strong for an attempt to get to 79. There is a significant support for a currency at around 77.5 that will be essential on the upside.
DATA TODAY
US Case Schiller
JP Unemployment
US Consumer Confidence
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