Binary Options News: Market Overview for Sept 1st

BinaryOptionsNow | Published on September 1, 2011 at 12:51 pm

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Europe Moves Lower On US Data Leak

After a briefly positive start, European indices eat up early gains to turn negative as speculation circulates that US manufacturing has shrunk for the first time in 2 years.

The FTSE 100 is trading 0.4% lower with the CAC 40 0.75% lower.

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Increasingly volatile markets of late shows nobody has a firm view on long-term market direction, traders are simply ‘making hay while the sun shines’.

Greenback Gains as Europe Twitches

Euro has weakened against the US Dollar as investors head towards safe havens as concerns grow that Europe is incapable of capping its debt problem.

Euro currently trade $1.4304 against the Greenback but with much anticipated economic data in the next couple of days and the Spanish treasury looking to sell €4million worth of bonds, we may see huge swings in either direction based on market sentiment.

 

Black Gold Falls In Line with Oil

Oil has fallen recently as civil unrest in the Middle East and northern Africa has waned. Oil prices around the world have slipped back from recent highs as Gaddaffi’s rain of terror becomes a distant memory for many.

Today Oil trades at $88.39 per barrel, down from highs of $95 per barrel one month ago. Traders should be wary of the commodity trading in such a tight range as sudden movements in either direction can be large and fast.

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Is Gaddaffi finished and where next for oil?

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