Many Asian markets were closed on Monday for the Lunar New Year. In Japan, the Nikkei closed flat at 8766, and Australia’s ASX 200 slipped .3% as miners fell.
European markets advanced on news that Greece was close to reaching a deal with debt holders. The FTSE climbed .9%, while the CAC40 and DAX gained .5%. The European banking index surged 3.9% amid rumors that France and Germany were calling for a relaxation of capital requirements.
US markets closed mixed in light trading. The Dow and Nasdaq declined .1%, while the S&P 500 edged up fractionally.
Research in Motion tumbled 8.5% after the company’s CEO resigned over the weekend.
Treasuries and Commodities
Bond prices continued to fall, dropping for a fourth straight session. 10-year notes slipped 11/32 to yield 2.07%, and 30-year notes fell 28/32 to yield 3.14%.
Natural gas soared 9% to 2.554 in a powerful bounce following the recent collapse in prices. Crude oil gained 1.55 to 99.88.
Natural Gas Soars 9%
Silver jumped 2% to 32.30, copper climbed 1.7% to 3.8085, and gold advanced .8% to 1676.50.
Currencies
The Euro crossed back above 1.30 to 1.3031, up .7% amid hopes for a Greece debt deal. Similarly, the Swiss Franc gained .8% to 1.0792. Both the Australian and Canadian Dollar rose .5%, while the Yen and Pound settle little changed.
Economic Outlook
Tuesday’s lone report is the Richmond manufacturing index, which is expected to rise from 3 to 6. The Fed will begin their 2-day meeting on Tuesday.
President Obama’s State of the Union address will take place in the evening.
Earnings are scheduled for Apple, AMD, Coach, McDonald’s, Travelers, Verizon and Yahoo.
Binary Options Trading analysis written by Bradley Welcher
http://www.forex-tsd.com/analytics/30075-binaryoptionstrategy-analysis-19.html
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