Binary Options Trading Overview: September 5th

BinaryOptionsNow | Published on September 5, 2011 at 9:04 am

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While the US market is closed for Labor Day weekend, binary traders will look at downward pressure on Asian shares and FTSE 100 as a result of Friday’s weak employment numbers.

The fact that US unemployment continues to stay high should not surprise anyone. The world’s largest economy has deep structural problems and it will be some time before these problems can be solved. If the US were to slip into a double-dip recession, the world can hardly ‘decouple’.

Meanwhile stocks fell for a third day, while oil slid after US job growth stalled last month and amid concern Europe’s sovereign-debt crisis will worsen. The Dollar Index headed for its longest winning streak in eight months and German bunds advanced, driving 10-year yields to a record low.

 

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USD/CAD : Slight uptick

Last week Canadian domestic growth rate has rebounded in June after 0.3% drop in the previous month. This rise was in line predictions indicating Canadian economy is back to expansion. Will this trend continue?

 

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COPPER : Retreat continues on weak demand

Copper for three-month delivery retreated as much as 0.9 percent to $8,990.25 a metric ton on the London Metal Exchange, extending a two-day loss. Nickel slipped 0.7 percent, aluminum lost 0.6 percent, while tin dropped 1.2 percent.

 

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FTSE100 : Poor US Job Data Ends Technical Rally?

At a range of 5800-6000 the FTSE 100 is now in a dense ceiling. Overall, unless we see a string of better than expected economic news elsewhere, stocks will continue to struggle. And, September is usually a bad month for equities.

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Source: StartOptions

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