Category Archives: Asia

USD Higher and Asian Stocks Lower As Fed Meets

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Binary Options News : June 18, 2013

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USD Higher and Asian Stocks Lower As Fed Meets

There was slow trading in Asia overnight as low volumes and cautious investors anticipated today’s start of a two day policy meeting held by the Federal Reserve where the monetary policy of the world’s largest economy comes under the spotlight.

Helping push Asian equities lower was China’s National Bureau of Statistics reporting that new home prices in the world’s second largest economy grew 6% in May but is seen as reducing the chances of an interest rate cut and limiting the scope for monetary easing policies for China, which is looking to fight off a property bubble. House prices increased on a yearly basis in 69 out of 70 major Chinese cities

Stocks

Asian stocks were lower as led by cautious trading and some disappointing data results in Asia. Australia’s S&P/ASX 200 Index fell 1.21% on the release of minutes from the Reserve Bank of Australia’s most recent meeting which offered scope for further easing. The Chinese Shanghai Composite dropped 0.56% after the Home prices data was released, with Hong Kong’s Hang Seng Index falling 0.59%. Japan’s Nikkei 225 fell 0.69% despite the JPY trading lower against the USD.

Currencies

In tentative trading ahead of the key Fed Res meeting the USD was generally higher against its major pairings. The USD/JPY was 0.37% higher and the AUD/USD was 0.29% lower after the release of the RBA minutes. The EUR/USD was 0.11% lower whilst the GBP/USD was 0.20% lower, pulling back from its near 4 month high seen yesterday. The US Dollar index which tracks the greenback against a basket of 6 weighted currencies, was 0.11% higher.

Commodities

In mixed and cautious trading in the commodity markets, gold dropped 0.23% and Silver fell 0.12% ahead of the Fed meeting. Crude Oil extended its gains, flirting with 2013 highs and hitting a 9 month high as Middle East concerns helped push prices of Crude Oil up 0.17%. Natural gas pulled back from the 3% rally caused on warmer weather forecasts and was 0.26% down.

Today’s Outlook

UK CPI and PPR data dominate the mornings’ economic calendar along with German ZEW economic sentiment. Better than expected data from the UK should boost the GBP, whilst attention turns to the US for CPI and Housing data in the afternoon making the day a potentially volatile day in European and US trading with investors taking up positions ahead of the key Fed Reserve meeting beginning today.

 

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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. For more about binary options trading, visit www.OptionsClick.com

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Asian Stocks Higher Pre-Fed Meeting

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Binary Options News : June 17, 2013

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Asian Stocks Higher Pre-Fed Meeting

The new trading week began in Asia with rises in its stocks and indices after suffering at the hands of a bear market last week. With many traders looking ahead to the key two day policy meeting held by the Federal Reserve where the stimulus policies of $85 billion a month of asset purchasing, have come more and more into the spotlight.

Traders are showing caution ahead of the FOMC announcement and press conference this coming Wednesday with Ben Bernanke expected to calm the markets from the fear that the Fed will withdraw or taper its stimulus policies before the US economy – the world’s largest economy – can gather sustainable momentum. Traders showing caution meant Asian stocks increased and the Japanese Yen pulled back from its largest weekly advance in nearly four years, in a low volume but still relatively volatile trading session which bodes well for Binary Options traders.

Stocks

After the bear market of last week, Japan’s Nikkei 225 started the week with a 2.01% increase whilst Hong Kong’s Hang Seng Index rose by 1.24%. Australia’s S&P/ASX 200 Index reversed earlier moderate session losses attributed to disappointing new vehicle sales reported by the Australian Bureau of Statistics , to be 0.07% higher. After consumer confidence hit a three high in New Zealand, the NZSE 50 increased 0.26%.

Currencies

The USD enjoyed healthy gains in Asian trading , rising 0.55% against the JPY after the release of the Japanese tertiary industry activity index figures which remained unchanged at a seasonally adjusted rate of 0.0% in May after recording a 1.3% decline in April. Despite the flat auto sales in Australia, the AUD gained 0.44% against the USD, whilst the USD was 0.17% lower against the CAD and 0.07% higher against the GBP

Commodities

It was mixed trading in the commodity markets as cautious traders waited for the Fed outcome, whilst some locked in profits. Gold, the traditional hedge to inflation was 0.07% higher, but Silver recorded a 0.15% decline. Crude Oil fell 0.44% as the Iranian elections eased tensions in the Middle East to some degree.

Today’s Outlook

Italian and European trade balance figures dominate a quiet economic calendar today but a volatile Asian trading session despite low volumes could well be repeated when European markets open as investors react to last week’s big swings in trade and take up / move out of positions ahead of this weeks key Federal Reserve meeting.

 

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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. For more about binary options trading, visit www.OptionsClick.com

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Asian Stocks Plummet on World Bank Forecast

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Binary Options News : June 13, 2013

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Asian Stocks Plummet on World Bank Forecast

Asian markets experienced strong volatility in overnight markets as the World Bank reduced its global GDP growth forecast for 2013 amidst fears that the central banks of the world may pare monetary stimulus.

The world bank now expects China – the world’s second largest economy to grow at rate of 7.7% for 2013, down from the previously projected 8.4%, raising concerns over the Chinese investment-led growth model. It also reduced its global growth forecast from 2.4% to 2.2% sending stocks down across Asia and the USD/JPY dropping below 95, causing a multitude of stop loss orders, that saw the Nikkei 225 fall over 5%, making the decline over the last 3 weeks, approaching the 20% mark. The slide continued even though the Bank of Japan proposed to purchase 200 billion JPY of bonds with maturities of 10 years or more and 450 billion JPY of bonds with maturities between five and 10 years.

Stocks

Asian stocks took a pounding in overnight trading, led by Japan’s Nikkei 225, currently down 5,62%. The Chinese Shanghai Composite Index opened for the first time this week after being shut for a 3 day public holiday and promptly dropped 3.87% on the back of the world bank reductions in Chinese and global growth forecasts.South Korea’s Kospi Index was 1.19% lower, Hong Kong’s Hang Seng Index fell 3.01% whilst Australia’s S&P/ASX 200 fell over 1% for a second consecutive day after the Australian Bureau of Statistics reported unchanged Australian unemployment at 5.5% for last month.

Currencies

The USD reversed some its gains made yesterday as a safe haven investment as monetary uncertainty and the waiting for key US Data meant sharp declines for the greenback – falling 1.78% against the JPY, down 0.39% against the CHF and down 0.19% against the EUR. The AUD continued to decline against the USD – falling 0.36% despite decent enough jobs data,

Commodities

Despite a weakening USD, there were falls across the board in the commodity markets, as investors wait for Thursday’s key data. Gold fell 0.32%, Silver was down 0.04%, whilst Crude Oil was down 0.63% as Middle East unrest and global growth forecasts played on investor minds.

Today’s Outlook

The high volatility seen in Asia is expected to continue into European markets as an ECB Monthly report is followed by an Italian long term debt auction. However, it is later in the day in the US which is expected to grab traders attention as jobless and retail sales figures are published, with increases in both anticipated.

 

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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. For more about binary options trading, visit www.OptionsClick.com

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USD Rises as Asian Stocks Fall

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Binary Options News : June 12, 2013

USD Rises as Asian Stocks Fall

The Asian overnight markets saw the USD find some favour with investors who want more stimulus measures from the large central banks such as the Fed and the bank of Japan. The disappointment from yesterday, in particular with the announcements made from the BoJ yesterday were compounded by the release report showing Japanese core machinery orders falling 8.8% in April after analysts had been expecting a 8.2% decrease. Core orders also declined 1.1% on a yearly basis whilst separately, in another report, the BoJ reported that the Japanese Corporate Goods Price Index increased 0.6% for May after a flat reading in April.

The 0.6% increase had been expected by analysts but the machinery orders data is considered to be a key sign of capital investment and disappointed markets just a day after the BoJ concluded a meeting by failing to introduce new stimulus measures such as asset purchase programs, which are aimed at weakening the currency to boost recovery. The abstention caused the JPY’s largest single day pop in three years.

Stocks

The Chinese Shanghai Composite remains closed for a national holiday today but that didnt stop the Hong Kong Hang Seng Index falling 1.2% as Asian stocks were broadly lower. Japan’s Nikkei 225 fell more than 1% before rebounding towards the close of the Asian session to be just 0.23% lower. Australia’s S & P index fell 0.64% after the Aussie fell to a 33 month low against the USD in Tuesday;s trading. South Korea’s Kospi Index fell 0.18% after South Korean unemployment rose to 3.2% last month from 3.1% in April.

Currencies

In stable currency markets, the USD found itself in favour with investors as central bank moves disappointed. The USD was higher against most of its major currency pairs in overnight Asian trade with moderate gains of 0.13% against the EUR and 0,07% against the GBP. However, the significant movement was seen in the USD/JPY pairing which gained 0.83%, making the overall fall for the JPY 7% since its May high.

Commodities

The strengthened USD in Asian markets and strong profit taking, ensured falls in the commodity markets with Gold down 0.24%, Silver down 0.19% a and Crude Oil down 0.92%. Natural Gas also declined 0.48% as warm weather forecasts overshadowed supply data yesterday.

Today’s Outlook

After correctly forecasting the rising GBP against the USD yesterday, today’s attention turns towards Europe and the release of CPI and industrial production figures with mixed results expected throughout the morning. Later in the afternoon, the US Federal Budget Balance should drive the US trading session in what promises to be a strong days trade where one set of unexpectedly good or bad data release points can provide a strong profit opportunity for the keen eyed Binary trader.

 

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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. For more about binary options trading, visit www.OptionsClick.com

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BoJ Monetary Policy Announcement Fails To Inspire

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Binary Options News : June 11, 2013

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BoJ Monetary Policy Announcement Fails To Inspire

Asian stocks were broadly lower in overnight trading as the Bank of Japan kept its policy unchanged refraining from extending the duration of the loans made to lenders to keep bond market volatility at an even keel. This went against many analysts predictions and sent the Japanese Yen higher against the US Dollar and the Nikkei 225 down, whilst the greenback continued its rise against Asian currencies, following on from yesterday’s Standard & Poor’s upgrade of its ratings outlook for the US; citing the US’s strong economic performance as the reason for taking the rating to stable from negative. S&P made the downgrade on the US credit rating a single notch from the AAA rating to the AA+ rating, in August of 2011. However, it now believes that more downgrades are less probable as the world’s largest economy continues to show strong signs of recovery, saying ” its resilient economy, its monetary credibility, and the US dollar’s status as the world’s key reserve currency”

Stocks

Asian stocks were lower with Japan’s Nikkei 225 leading the declines, falling 1.29% at time of writing, with the declines gathering pace as the Asian session nears closing. South Korea’s Kospi Composite Index declined 0.78%, as its largest player Samsung Electronics fell nearly 3% on concerns the latest Galaxy smartphone is not selling as well as expected. Australia’s S & P market opened after a national holiday yesterday and gained 0.3% as it reacted to Friday’s US Jobs report, whilst Chinese markets remain closed as part of a three day holiday.

Currencies

The rise in fortunes for the USD against Asian currencies continued with the Indian Rupee weakening to a record low against the USD. The greenback did make gains against the AUD – up 0.59%, but found itself down against the EUR – 0.09%, the GBP – 0.07% and the JPY – down 0.51% as the Asian currency markets started sluggish but attracted more investment as the trading session continued.

Commodities

Profit taking and bargain hunting dominated the commodity markets as yesterday’s gains in the metals markets look set to be reversed. Gold was down 0.25%, Silver fell 0.55%, whilst Copper dropped 0.13%. Crude Oil fell 0.09% on soft Chinese data whilst yesterday’s gains in Natural Gas were cancelled on warm weather reports and was down 0.47%

Today’s Outlook

The GBP/USD comes into strong focus today with key manufacturing and industrial production figures released in the UK this upcoming morning. Improvement to figures are expected which should provide a boost to the GBP. Following on from decent housing data in the UK, the release of positive UK data could finally drive the GBP/USD to around the 1.56 level.

 

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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. For more about binary options trading, visit www.OptionsClick.com

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