Market Review: 28th November 2014 – Hot Asset: WTI Crude Oil

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Binary Options Daily Market Review 28th November

Today's Hot AssetToday’s Hot Asset for you to Trade On: WTI Crude Oil.

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The entire Asian markets region was mixed, the Nikkei moved up 1.23%, following mixed observations coming from Japanese data. Trading on the HK Hang Seng ended in little change, losing 0.07% in closing. As WTI Crude Oil prices dropped, Energy shares suffered. Traders are now assessing whether the GDP outlook will be downgraded at next month’s Central Economic Work Conference.

Following the released CPI data, European markets are on a decreasing level, as well. The recent decline in Oil prices may also harm inflation and add more pressure on Mario Draghi and the European Central Bank in their battle to stir clear of deflation. The FTSE is currently down 0.67%, the French CAC is off 0.44% and the German DAX moves lower by 0.34%.

U.S. markets were closed yesterday for the Thanksgiving holiday. Volatility may be lower today as the market will only partially open due to Black Friday.

After seeing OPEC members deciding not to lower inflation, WTI Crude Oil dropped to a 4 year low. The commodity has dropped 35% since June while the market is continuing the trend of high supplies and decreasing demand. It is however expected that the market adjusts itself and stabilize in the near future. OPEC’s decision is affecting Gold trading as well.

The long awaited Swiss referendum will occur on Sunday as voters will give wait to the question of whether the Central Bank should increase Swiss Gold reserves from 8% to 20%. A survey held recently revealed that only 38% of responders will vote in favor of such an increase.

 

Today’s Main Events:

10.00 GMT: EUR – CPI – measures the change in the price of goods and services from the perspective of the consumer.

13.30 GMT: CAD – GDP – measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy.

 

 

 

 

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Disclaimer: The information in Market analysis should serve for informative purposes only. Binary Options Wire shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of forex pairs, commodities, stocks or indices.

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, also known among professionals under her nickname “Moneymaker”, is an experienced stock broker and Forex trader. Promoting and guiding new traders to the binary options market is Nancy''s way of saying "thank you" to the industry that helped her realise her dreams.

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