September 13, 2010 – 8:18 am
U.S. stock index futures are higher this morning after stronger sessions in Asian and European markets. Asia moved higher after better-than-expected economic data from China was released over the weekend, showing robust growth well above consensus despite cooling measures put in place by the Beijing government. Materials and energy are likely to trade higher on [...]
The Euro is picking up momentum, and after having remained trading sideways above 1.3055 during European trade, the pair has broken past session high, to test 1.3095/1.3105 resistance area. If the pair manages to break above 1.3105 (session high/Jul 29 high), next resistance levels could be at 1.3140 and 1.3180. On the downside, support levels [...]
We’re anticipating a near term drop in oil prices, and we’re positioning ourselves to take advantage of it. There are several reasons for anticipating a fall in the price of crude. First of all, there is a widening spread between the front month and later month contracts. This contango effect can lead to a lot [...]
The S&P futures are currently pointing to a flat or slightly down open for the week, but today’s trading could be critical for the S&P 500 index, from a technical standpoint. As of Friday’s close, the SPX was within a few points of breaking major resistance at the 1106 area. If it does that today, [...]
On June 30, we sent an email that showed you a strategy for trading binary options that has worked well for us in the past. This strategy trades binary options on individual stocks using data from traditional, American style options to set up our trades. In this strategy we trade the last hour of trading [...]
This week, Google completed its $750 million acquisition of mobile advertising network AdMob and will soon start to buy some of its stock as a result. The company officially took control of AdMob on Thursday, May 27th. This comes a week after the Federal Trade Commission (FTC) approved the deal following a 6-month investigation into [...]
EUR/GBP With just three days left to the UK General Election this is an exciting time to be following the GBP. As the indications mount that the UK is heading for a coalition Government for the first time in recent years the markets have reacted cautiously. Despite the problems affecting the euro over the last [...]
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