Yen Replaces Dollar As Safe Haven

Posted on March 29, 2012 by Matt Green

The Japanese Yen continued to make grounds in Asian trading, establishing itself as the assumed go to safe haven, now that the Dollar has, for the time being at least, lost favour amongst traders. After declines made following on from comments by Ben Bernanke, the US Federal Reserve Chairman. The USD was put under further pressure in the markets Japanese Retail Sales Figures coming in higher than expected and weak figures for factory orders for durable goods in the world’s largest economy, all combining to make the Japanese Yen – the go-to safe haven currency in today’s markets.

The Commerce Department in the US announced yesterday that durable goods orders rose 2.2% for February. Although a notable improvement on January’s revised 3.6% decline figure. The number failed to meet the forecasted 3.0% increase. This contributed push investors away from the greenback, but it was the release from the Japanese trade ministry, confirming an increase in retail sales figures, which helped push investors towards the JPY. Retail Sales were up 3.5% for February from a year earlier indicating that consumer confidence which is very important in the consumer driven economy of Japan, is improving. Analysts were forecasting an increase of around the 1.3% mark and the better than expected news sent the Nikkei 225, the Japanese share index, rising to pre-earthquake/tsunami levels. However, some swift investor movement into the Yen saw the Nikkei 225 end the session down 0.67%, valued at 10114.79. The USD/JPY was currently down 0.63%, trading at 82.38 whilst against the Euro, the US Dollar was down 0.06%, trading at 1.3324.

Today looks like being a volatile day for the USD with plenty of profit opportunities for the alert binary trader. At 1.30 pm GMT you have a raft of data released in the US including GDP, jobless claims – initial and continuing, as well as a public speech by Fed Chairman Bernanke at 5.45 pm GMT.

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Disclaimer: The opinions expressed in this article are not necessarily those of OptionsClick, blog.optionsclick.com, OptionsClick.com or any of its staff. The contents of this article are in no way intended to be advice or any other form of counsel for any trader of binary options or any other investor. Please be advised: Investing of any kind always carries a relative risk. As with any market trading, it is always possible to lose your investment. Always be sure to do your own research, seek professional advice, and make your own, well-educated decisions when it comes to financial investments.

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Dollar Slumps Against Yen

Posted on March 28, 2012 by Matt Green

At time of writing, (7.19am GMT), the USD/JPY is down 0.52%, trading at 82.75, after comments made by the Fed Chairman Ben Bernanke effectively insisting that further stimulus in the delicate US economy is not ruled out. This sparked some heavy profit taking in both the USD and the commodity markets as investors found solace in the safe haven Japanese Yen. As the Japan 225 stands at 0.71% down, valued at 10182.57, investors saw the Yen cheap enough to move out of the greenback and into the Yen.

The weakened USD saw the US Dollar Index fall to 79.17, down 0.13%. However, Gold, the traditional hedge to the USD made heavy falls so far, down 0.49%, trading at 1679.35 a troy ounce. Similar falls were seen in Silver, also down 0.49%, trading at 32.457, as investors cashed in gains made earlier in the week.

A wait and see policy seems to have been adopted by those not moving into the Japanese Yen as economic data released from the US highlighted its subdued housing market. The Standard & Poor’s/Case-Shiller U.S. house price index dropped at an annualized rate of 3.8% in January, as forecast but still disappointing markets. Also, the Conference Board in the US reported that consumer confidence index fell to 70.2 for March from a revised 71.6 for February, only slightly worse than expected but still combined with Bernankes comments was enough to see moves away from the USD. A big beneficiary of the move, other than the JPY, appears to be the Euro. Talk of extending the bail out fund to 1 tr euros and investors enjoying a lull (possibly the calm before the storm) in negative data, meant that the EUR/USD was up 0.32%, trading at 1.3356.

Expect increased volatility today when
9.30am GMT – GBP – GDP – quarterly figures
1.30pm GMT – USD – Core durable goods order figures (MoM)

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Bernanke’s Comments Boosts Stocks and Dollar

Posted on March 27, 2012 by Matt Green

US and Asian markets saw a rise in the USD and Stocks following on from comments made by Federal Reserve Chairman Ben Bernanke. Speaking in Virginia to economists, Bernanke hinted that the US Central Bank’s supportive monetary policy would remain in place. The Fed Chairman voiced concerns over the labor market, despite three months of increased figures, saying “Despite the recent improvement, the job market remains far from normal. The numbers of people working and total hours worked are still significantly below pre-crisis peaks.”. An average of 245,000 jobs were added to the US economy from December to February and unemployment is down to 8.3% from June 2011’s figure of 9.2%. However, Bernanke’s reiteration to “remain cautious” was taken at a sign that interest rates would be kept at record lows until 2014 whilst keeping additional monetary policies firmly on the table and a third round of monetary easing may be needed to bolster the economy and inject liquidity into a delicate economy.

As a result of the comments made, Investors piled into Stocks and the USD sending Indices higher. The Dow Jones finished 1.23% higher and there were also gains made in the Nasdaq (1.78%), the US 30 (1.23%) and the Japan 225 which enjoyed a sizeable gain of 2.31% in Asian trading. Hong Kong’s Hang Seng Index increased by 1.57%. The US Dollar Index increased by 0.05%, trading at 79.14 as the USD made gains against most major currencies. Despite positive data released in the German business climate index, rising to 109.8 in March from a revised 109.7 in February, the EUR/USD was down 0.12%, trading at 1.3342. The USD/JPY was also up, increasing by 0.08%, trading at 82.89 as investors were given enough reason to move into the USD once more.

Today, investors can expect increased volatility when Bernanke continues speaking at 5.45pm GMT whilst the GBP may see some movement when The Confederation of British Industry (CBI) Distributive Trades Survey (DTS) releases figures measuring the health of the retail sector at 11am GMT. Previous was -2, forecast -4. Today, some will be selling the GBP/USD as speculation increases of the UK entering a double dip recession.

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MARKET CLICK – MONDAY, MAR 26 2012

Posted on March 26, 2012 by Matt Green

UPDATED! Every Monday we now give away $350 cash!

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LATEST TRADER HEADLINES

China is maintaining its voluntarily economic slowdown, but their economy will continue to grow. This may send the AUD and other linked currencies slightly down this week.

Eurozone concerns are light this week, setting the stage for upward trends in world markets such as FTSE, CAC, DAX.

Apple shares continue to increase after the 2.5% dividend announcement last week, and their impressive growth outlook remains strong.

A strong USD in the past few weeks has sent Gold down, but investors expect a slow turnaround as the USD ended last week slightly weaker post negative housing data report.

ASSET	CHANGE	LAST	TREND	PLATFORM
NIKKEI	+ 29.86	10,041.33	UP	HIGH/LOW
S&P 500	+ 4.33	1,397.11	UP	HIGH/LOW
NASDAQ	+ 4.60	3,67.92	UP	HIGH/LOW
DOW	+ 34.59	13,080.73	UP	HIGH/LOW
OIL	- 0.28	$106.59	DOWN	HIGH/LOW
GOLD	- 1.40	$1,661.00	UP	HIGH/LOW
EUR/USD	- 0.0018	1.3253	DOWN	HIGH/LOW
USD/JPY	+ 0.28	82.69	UP	ONE TOUCH
GOOG	- 3.46	642.59	UP	ONE TOUCH
APPL	- 3.29	596.05	UP	HIGH/LOW

How will you profit this week at OptionsClick?

WHAT SHOULD I TRADE? STOCKS: APPL, GOOG, GOLD, FTSE, CAC, DAX

WHAT ARE THE TRENDS? Mostly upward trends for stocks, choppy road for currencies

WHAT PLATFORM SHOULD I USE? Use the ONE TOUCH or HIGH/LOW platforms for best results this week.

WHAT ELSE SHOULD I KNOW? Continue to watch US economic data for mid and late week trends

	Recent Popular Trends
	OIL TOUCH
	USD/JPY LOW
	APPL HIGH
	APPL TOUCH

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Markets Rally As Buyers Move In

Posted on March 26, 2012 by Matt Green

The market lull which has seen lackluster investor moves into the safe haven commodities, ended as prices reached a low enough point for the bargain hunters to make their move. The USD reversed the downward trend after disappointingly weak housing data released towards the end of last week sent the greenback down. Single family starter home sales and existing home sales were both down highlighting the fragility of the economic recovery in the world’s largest economy. However, Asian markets brought out the investors keen to take advantage of the lower prices cashing in on recent gains made.

The US Dollar Index was up 0.24%, trading at 79.71 and made gains against major currencies. In the EUR/USD, the Euro fell 0.24% at time of writing, to be valued at 1.3239 as market sentiment was not enjoying the lull quiet/lull before the storm in Europe. With the March 30th meeting between European finance ministers fast approaching, eyes are turning towards Spain amidst concerns that the Spanish Government need to do more to strengthen their financial situation. The Irish economy has fallen back into recession with data released showing the economy shrank by 0.2% for the last three months of 2011. This followed a 1.1% contraction in the previous quarter. Although consumer spending increased by 0.5% for Q4, exports dropped by 1.1%. Ireland is struggling with the high cost of high costs of its debts having secured 85 bn euros of emergency loans in November 2010 from the IMF and the EU.

Today, investors should keep an eye on pending home sales figures released in the US (3pm GMT – Previous- 2.0%, Forecast – 1.0%). Federal Reserve Chairman Ben Bernanke speaking (1pm GMT) and ECB President Draghi speaking (5pm GMT)

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Monthly Archives: March 2012

Yen Replaces Dollar As Safe Haven

Dollar Slumps Against Yen

Bernanke’s Comments Boosts Stocks and Dollar

Markets Rally As Buyers Move In