June 18 Weekly Highlights for Binary Options
Weekly market analysis by OptionFair
Asian stocks jumped, driving the regional benchmark index toward to a one-month high; Shares paired gains after India’s central bank left interest rates unchanged. European stocks erased their advance and U.S. stock-index futures dropped as the yield on Spain’s benchmark 10-year bond climbed to 7%, amid fading optimism that Greece’s election will calm the euro area’s sovereign-debt crisis.
Oil rose to the highest level in a week as gains by pro-bailout parties in Greek elections eased speculation that Europe’s debt crisis will escalate and threaten global economic growth.
The Canadian Dollar advanced against its American counterpart, even though Canada’s manufacturing slipped by 0.8% in April, when an increase of 0.4% had been predicted. The British Pound advanced against the U.S.D after economic reports showed that Manufacturing and Industrial Production in the U.S. declined, supporting the case for the Federal Reserve to implement further monetary easing. The Yen gained against the U.S.D on Friday after the Bank of Japan kept the current monetary policy unchanged. Analysts speculate bank officials held off from making important decisions before the Greek elections, despite the fact that the IMF had urged Japan to increase quantitative easing to protect the nation’s export sector and maintain the value of the Yen low.