Binary Options News : September 11, 2012
Asian markets have traded mixed but the theme typically is cautious ahead of possible moves in Europe and Fed actions later in the week. Hong Kong was up 0.23% to 19,874 Shanghai Composite down 0.7% to 2121. The Nikkei fell 0.7% at 8807, the KOSPI fell 0.25% to 1920, and the ASX 200 was down 0.2% to 4325.
European markets on Monday closed with a hint of caution ahead of the German Constitutional Court ruling the DAX was unchanged at 7214, Eurostoxx 50 down 0.4% to 2528 and the FTSE was unchanged at 5793. European uncertainty remains clearly the theme in equity markets as belief in ECB measure will be needed for markets to move forward.
US equities also erred on the side of caution and traded lower on Monday DJIA down 0.4% to 13254, the S&P500 down 0.6% to 1429. Markets are focused on two things right now one is weather Europe can get its stuff together and Germany shows leadership and the second thing remains the Fed’s decision to go to QE. Expectations are high in equity markets.
Treasuries and Commodities
Treasuries on Monday sold off some as yields crept up to at 1.683 on the US10 Year Treasury Notes. Caution seems to be the word of the day as all markets seemed to follow this motto. Gold was down 0.6% to USD1727.00 /oz. Copper continued to push higher closing Monday up 0.8% to close in New York at $3.67 /lbs
Dollar Index paused and was up 0.2% to 80.38 but this move is only a resting point should the Fed continue to print dollars in QE later in the week. Markets are on hold till they hear from the Fed at its September 13 meeting. EUR/USD down 0.4% to 1.2758 as the markets took rest. The Pound also was down 0.2% at 1.5986, Yen unchanged to 78.255 at the end of Monday’s trading day. AUD/USD has traded up 0.2% in the Aussie session to 1.0356.
German Constitutional Court ruling weights in on markets as clearly Germany holds the cards to make or break this ECB initiative. Across the Atlantic to the US the markets also are holding on to hopes of further US stimulus later in the week. Today markets will get a look at the US Trade Balance.
* * * * * * * * * *
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.