BinaryOptionStrategy- David Frank

Markets Stocks closed higher in thin trading Friday. However, they snapped a two-week rally amid ongoing uncertainty over the government’s ability to reach a debt-reduction deal and some growing concerns over the economy. The Dow Jones Industrial Average gained 42.61 points, or 0.34 percent, to finish at 12,479.73, after see-sawing for most of the session. The S&P 500 rose 7.27 points, or 0.56 percent, to close at 1,316.14. The Nasdaq rose 27.13, or 0.98 percent, to end at 2,789.80. For the week, the Dow fell 1.4 percent, the S&P declined 2.06 percent, while the Nasdaq dropped off 2.45 percent. DJIA FOREX The Canadian dollar continued to retrace the decline from back in May, and the appreciation in the Loonie may accelerate in the following week should the Bank of Canada show an increased willingness to raise interest rates off of 1.00%. According to Credit Suisse overnight index swaps, market participants widely expect the central bank to retain its current policy next week, but see borrowing...

ECONOMIC NEWS GOP lawmakers said the House of Representatives is to vote next week on a plan to raise debt ceiling with equal cuts. Five rounds of talks this week still produced no agreement with the talks likely to resume over the weekend. The gauge of manufacturing in New York State showed the sector unexpectedly contracted for the second month in a row. Meanwhile, US consumer prices fell slightly more than expected in June to post their biggest drop in a year on weak gasoline costs. Industrial production rose in June for the first time in three months, on a jump in utilities and mining output. THE WEEK AHEAD MONDAY: Treasury international capital, housing market index; Earnings from Halliburton and IBM TUESDAY: Housing starts, Fed’s Hoenig speaks; Earnings from BofA, Coca-Cola, Goldman Sachs, J&J, Wells Fargo, Apple and Yahoo WEDNESDAY: Weekly mortgage apps, existing home sales, oil inventories; Earnings from Altria, United Tech, Abbott Labs, Blackrock, AmEx, Intel, Qualcomm and Ebay THURSDAY: Weekly jobless claims, Philadelhia Fed...

Equities Upbeat GDP data from China lifted Asian stocks, as the economy grew at 9.5% during the last quarter. The Shanghai Composite led the gains, rising 1.4%, followed by the Hang Seng, which advanced 1.2%. Japan’s Nikkei and the Australian ASX 200 both rose a modest .4%, and the Kospi climbed .9%. In Europe, the major indexes snapped a 3-day losing streak, as the DAX climbed 1.3%, the FTSE rose .6% and the CAC40 added .5%. Auto makers were amongst the top gainers, rising 2.4% after Morgan Stanley raised its outlook for the sector. Likewise, US markets rose moderately, boosted by Bernanke’s remarks that the economy still needs support from the Fed. The Dow tacked on 45 points to 12492, the Nasdaq rose .5%, and the S&P 500 gained .3%. Netflix shares gained 2.6%, as investors cheered a significant price hike in the company’s movie streaming service. Treasuries and Commodities US bonds inched up slightly, with the 10-year note up 1/32 to yield 2.87%, and 30-year...

Equities Asian markets posted steep losses as they caught up with Monday’s selloff in Western markets. The Nikkei sank 1.4% to 9926, and the Korean Kospi tumbled 2.2%, as exporters lid in both countries. China’s Shanghai Composite fell 1.7%, and the Hang Seng plunged 3.1%, in its biggest drop since May 2010. European indexes continued to decline, although Italian banks rallied after several days of losses. The FTSE fell 1%, the DAX dropped .8% and the CAC40 lost .9%. Moody’s downgraded Ireland’s debt to junk, warning the country may need another bailout. European officials raised the possibility that a Greek default may be necessary in order to get the situation under control. European Markets Erase Gains of Last 2 Weeks In the US as well, markets fell, but not as dramatically. The Dow lost 59 points to 12447, the Nasdaq dropped .7%, and the S&P 500 slipped .4%, as markets fell for a third consecutive day. Chip-maker, Novellus, plunged 11.2% after issuing a week outlook,...

Markets Stocks ended lower Friday following a very, very dismal government employment report. However, indices still closed higher for the second week ahead of the widely-anticipated earnings season. The Dow Jones Industrial Average fell 62.29 points, or 0.49 percent, to close at 12,657.20, clawing back from its session lows. The S&P 500 fell 9.42 points, or 0.70 percent, to end at 1,343.80. The Nasdaq dropped 12.85 points, or 0.45 percent, to finish at 2,859.81, snapping a eight-day winning streak. DJIA FOREX Relative interest rate spreads remain in focus for the Japanese Yen. This is a fact clearly on display as the currency reacted to the bitterly disappointing US Employment report: the yield advantage of 2 year US Treasury bonds over comparable Japanese debt tumbled 8 basis points. This was the most in over seven months. Leading USDJPY to its biggest daily decline in six weeks. More of the same is on tap ahead, with weekly correlation studies continuing to show a very robust relationship between...

ECONOMIC NEWS Nonfarm payrolls rose only 18,000, according to the Labor Department, well below economists’ expectations for a 90,000 rise from a Reuters survey. The unemployment rate climbed to 9.2 percent, the highest since December 2010. This was up from 9.1 percent in May. Many economists raised their forecasts on Thursday after a stronger-than-expected reading on U.S. private hiring from payrolls processor ADP, and expected gains of anywhere between 125,000 and 175,000. THE WEEK AHEAD MONDAY: Earnings from Alcoa, Chevron interim results TUESDAY: International trade, 3-yr note auction, FOMC Minutes, Campbell Soup analyst meeting WEDNESDAY: Weekly mortgage apps, import & export prices, Bernanke speaks, oil inventories, 10-yr note auction THURSDAY: PPI, retail sales, jobless claims, business inventories, 30-yr bond auction, money supply, NPD video games sales; Earnings from JPMorgan and Google FRIDAY: CPI, Empire state mfg survey, industrial production, consumer sentiment, credit card default rates reported, Dell shareholder mtg; Earnings from Citigroup and Mattel

We gave our readers the opportunity to ask questions about the Greek debt crisis. This is what you came up with: Q. What is the core of the debt problem in Greece? A.  Greece has been living well above its means recently. This has led to an increasing amount of debt piling up. This in turn has been hurting their economy. While wages in the public sector have almost doubled over the last ten years public spending has shot up. So while the Greek Governments coffers were getting lower and lower there wasn’t enough tax money coming in. This is due in part to tax evasion or corporations hiding their money in offshore tax havens. While rich Greeks have enjoyed the countries benefits and public service offerings they have not been paying tax. Then comes the financial crisis of 2008 and you can see a country rocked to its very roots without the necessary backing to see it though the storm. Hence...

Economic News On the economic front, the pace of growth in the manufacturing sector picked up for the first time in 4 months in June. However, consumer sentiment worsened in June amid jitters about the economic outlook, according to the Thomson Reuters/University of Michigan survey. Meanwhile, construction spending fell for a sixth straight month during May to its lowest in more than a decade. The Week Ahead MONDAY: All US markets closed for Independence Day TUESDAY: Factory orders WEDNESDAY: Weekly mortgage applications, Challenger job-cut report, ADP employment report, ISM non-mfg index, Obama townhall on economy, NYSE shareholders vote on DB merger THURSDAY: Jobless claims, oil inventories, chain-store sales FRIDAY: Non-farm payroll, wholesale trade, consumer credit

Economic News On the economic front, leading indicators rose more than expected in May to a record high, according to the Conference Board. Meanwhile, consumer sentiment worsened more than expected in June amid concerns over the outlook for the economy. This while worries about inflation eased modestly, according to the Thomson Reuters/University of Michigan survey. The Week Ahead MONDAY: No major economic news expected TUESDAY: Existing home sales, FOMC meeting begins; Earnings from Walgreens, Barnes & Noble, Adobe WEDNESDAY: Weekly mortgage apps, oil inventories, FOMC meeting announcement; Earnings from FedEx, Bed Bath & Beyond THURSDAY: Weekly jobless claims, new home sales, money supply, Yahoo shareholders meeting; Earnings from ConAgra, Discover Financial, Oracle FRIDAY: Durable goods, GDP, corporate profits

Many people are drawn to Binary Options trading because of the simple investment decisions involved and the high and fast returns available to anyone with little or no financial trading experience. However, with the application of some very basic trading strategies your chances of profit and success in Binary Options are greatly improved. Focus on an Asset A very basic trading strategy but one which reap good long term dividends in Binary Options is to put your energies and focus on just one asset. There are many assets to trade in Binary Options and plenty to choose from in Stocks, Indices, Currencies and Commodities so find an asset to trade and focus your research on that particular asset. The reasons for your focus should be down to you and finding an asset with lots of ready information will help you become more knowledgeable and understand the reasons for the movements by the asset. It may be that a bit of trial and...