Category Archives: China

Chinese PMI Disappoints Markets

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Binary Options News : April 23, 2013

VW rolling along lower chinese pmiChinese PMI Disappoints Markets

The overnight release of disappointing PMI in China – the world’s second largest economy – caused Asian shares to end a 2 day winning streak and head towards lower closes

The flash Chinese HSBC Purchasing Managers’ Index for April dropped to 50.5 from the 51.6 recorded in March after a February reading of 50.4. Despite the fall, readings over 50 indicate an economy in expansion whilst readings below 50 indicate an economy in contraction. The new export orders index in China dropped to 48.6 in April from the 50.5 recorded in March,highlighting that the global economic recovery is still tepid. The China’s PMI report comes just one week after it was announced that the Q1 GDP grew by 7.7%, after analysts had been expecting growth of around 8%, raising concerns over the growth in China

Yesterday in the US – the world’s largest economy – , the National Association of Realtors announced that existing home sales fell 0.6% to a seasonally adjusted annual rate of 4.92 million in March after analysts had been expecting an increase for March. Despite the disappointing fall, the number was still 10.3% higher on a yearly basis.

Stocks

In a more subdued Asian session than we saw yesterday, Asian shares were lower on Chinese PMI data and the lingering affects of the US home sales data. Japan’s Nikkei 225 was 0.32% lower, but still up on the week after near 2% gains made yesterday. The PMI data helped send the Shanghai Composite Index of China down 2.1% as it headed for its largest single day decline since March 28th and Hong Kong’s Hang Seng Index, which fell 1.21%.

Currencies

In a stable trading arena, the currency markets once again experienced low volume trading with the USD/JPY once again taking centre stage. The USD/JPY was down 0.51% as the markets viewed the Japanese Yen as a well priced asset and moved in after seeing the JPY consistently fall against the USD on the back of aggresive monetary policies implemented by the BoJ. The Aussie fell against the USD, as China is Australia’s largest trading partner. The release of the Chinese PMI sent the AUD down 0.39% against the USD. Elsewhere, the USD made gains of 0.2% against the EUR and 0.21% against the GBP.

Commodities

Natural Gas continued to fall in Asian markets, down 0.28% as warmer weather forecasts and profit taking kept its price lower. Crude Oil started the Asian session higher as investors digested the US Home sales data, but on the release of the Chinese PMI – global growth concerns were raised and the price of Crude Oil was 0.77% lower. Profit taking and a strengthened USD meant Silver was down 1.10%, but Gold gained 0.18% on the soft US Home sales data and technical demand.

Today’s Outlook

Today is expected to be a busier trading session when European Markets open. A raft of PMI data is released in Europe before the U.S. unveils official data on new home sales and preliminary data on manufacturing activity in a packed economic calendar

 

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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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Chinese Data Hits Global Growth Fears

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Binary Options News : April 15, 2013

Chinese Data Hits Global Growth Fears

Asian stocks fell and the commodity markets continued Friday’s heavy falls, as China’s first quarter GDP report fell short of analysts’ estimates disappointing markets that were already reeling from the weaker than expected sales and consumer spending data that came from the US on Friday.

Gross Domestic Product in the world’s second largest economy increased 7.7% in the first quarter on a year on year basis, but fell short of the 8% forecast. Also falling short of analysts expectations for industrial production, which increased 8.9% last month but fell short of the 10% forecast after February registered a 9.9% rise. Even Chinese retail sales, which increased 12.4% for Q1 disappointed markets, as the figure is 2.4% than the same time last year.

The weak Chinese data compounded Friday’s market sentiment already showing concerns over Global growth. The US – the world’s largest economy which is 70% consumer driven, posted weak consumer and retail data heightening global growth worries and today’s data released in the world second largest economy has sent investors to the safe haven of the USD.

Stocks

Japan’s Nikkei 225 is down 0.87%, having staged a rally back from 1.21% down .Hong Kong’s Hang Seng was 1.37% lower whilst the Shanghai Composite dropped 0.64% on the Chinese data releases. Australia’s S&P/ASX 200 dropped 0.97% as China is Australia’s biggest trading partner and the plummeting commodity markets hit Australian mining company’s hard.

Currencies

As with late trading on Friday, the USD was the go to investment for Asian traders looking for a safe haven from falling stocks and plummeting commodities. The EUR/USD was down 0.25%, the GBP/USD down 0.1% whilst the Greenback registered large gains against the commodity linked currencies of the AUD – down 0.55% and the CAD – down 0.50% against the USD.

Commodities

The sell off in commodities continued Gold hitting technical selling points and falling 3.19%, whilst the other precious metal fell 5.99%. Crude Oil dropped 2.55% on the Venezuelan presidential election results, with the more capitalistic Caprilles being defeated by the Maduro – who promised more of the Chavez same.

Today’s Outlook

Despite a slight rally in late Asian trading, European stocks indicate a lower opening as the markets react to the release of the Chinese data. Despite a relatively quiet day on the economic calendar with only European trade balances exciting traders, expect a strong volatile day ahead with plenty of Binary options trading opportunities.

 

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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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Investors Mull over Surprising Chinese Trade Deficit

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Binary Options News : April 10, 2013

Investors Mull over Surprising Chinese Trade Deficit

A report from China shows that the country has a trade deficit for March. Imports have risen 14.1 per cent from the previous year. This blasted expectations of a 6per cent rise. Meanwhile exports which gained 10 per cent from the previous year have underwhelmed analysts who were expecting a 11.7 per cent growth. This is also a decline of 21.8 from the month of February. This leaves the world’s 2nd largest economy with a deficit of $884 million. Now compare that to the month before where there was a trade surplus of $15.3 billion.

Inflation figures from China boosted stock prices with a growth of 2.1 per cent from the previous year. This is a drop from Feb’s increase of 3.2 per cent inflation and lower than analyst expectations of 2.4 per cent. It’s thought that this lower than expected figure could ignite a slackening monetary policy in the country.

Stocks

The Chinese trade deficit didn’t have a chance to impact the Asian stocks which closed mixed yesterday. The Hang Seng was up 0.2 per cent, the Australian ASX 200 finished down 0.15 per cent and the The Nikkei which had touched 5 year highs several days ago closed up 0.7 per cent from the previous day.

US stocks gained yesterday as news for the Q4 earnings began to hit the wire. By the end of the US session the DJIA was up 0.41 per cent, the S&P 500 gained 0.35 per cent and the NASDAQ gained 0.48 per cent.

Currencies

The NZD holds firm against the USD in Wednesday overnight trading near its 17 month high as Chinese import data boosts support for the New Zealand dollar. The pair touched the high of 0.8538 late in the session. The pair’s highest level since Sep 2, 2011. Meanwhile the neighboring Australian dollar gained 0.16 per cent in the session to touch 1.0517 which is the pairs 2 and ½ month half. The EUR held firm at almost a 3 week high against the USD today as investors await the Fed Reserves minutes later today. EUR/USD touched 1.3091 in Asian session. EUR/JPY crept up by 0.03 per cent to 129.56.

Commodities

Crude oil prices lower in Asian overnight trading on back of the US Energy Information Administration EIA forecast. EIA commented that the consumption of global oil will increase by 1 million barrels a day. This is still below their forecast which caused oil prices to drop by 0.23 per cent to trade at $93.98 per barrel. Gold prices slipped slightly in early Asian session as investors profit-lock after Tuesday s session.

Today’s Outlook

US earnings begin to be announced, it’s expected that there will be modest gains.

US central bank in today’s meeting expected to put an end to its QE shortly after discussions around this topic at the past few meetings.

 

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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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Strong Swings on Chinese Data

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Binary Options News : April 9, 2013

UK PM Margaret Thatcher 1979 - 1990

Strong Swings on Chinese Data

It has been a volatile trading session in Asia as Japan’s Nikkei 225 advanced to a 4 and a half year high and the Yen dropping to its lowest level since 2008, before the release of Chinese data and the Bank of Japan conducting its first government bond purchasing operation, purchasing 1.2 trillion Yen in Japanese government debt maturing in five or more years, which saw both the Yen and the Nikkei 225 ease back from their highs/lows.

China’s National Bureau of Statistics released data which showed the country’s PPI dropped 1.9% for March compared with March 2012, following on from a 1.6% fall in February after analysts had been expecting a 2% fall. China – the world’s second largest economy – saw its CPI fall to -0.9% compared with the expected -0.6% analysts had been expecting. China’s CPI rose 2.1% on a year-over-year basis compared with analysts expectations for a 2.4% increase.

Stocks

Asian stocks made gains in overnight trading, rising on the Chinese data and BoJ actions, before being reigned in by investors and profit takers. Mining giants such as BHP Billiton and Rio Tinto were given a boost by the Chinese data and in turn boosted Australia’s S&P/ASX 200, which gained 1%. South Korea’s Kospi continued to fall, dropping 0.35%, as tensions continue with North Korea, who recently announced their 4th nuclear test.

Currencies

The Chinese data helped send the AUD/USD higher – climbing 0.19%. The Aussie is a commodity linked currency and fares better when commodities are in demand.Yesterday it was announced that currency trading between the Aussie and the Chinese Renminbi Yuan will commence later this week making the AUD, JPY and the USD as the only currencies that can trade directly with the Chinese Renminbi. The Euro was higher against most major currency pairs, – up 0.24% against the USD – despite concerns over the Portuguese and Greek banks.

Commodities

A weakened USD helped investor movement into the commodity markets with rises seen across the board except in Coffee, Natural Gas climbed 0.12% to reach a fresh 20 month high. Crude Oil made gains, up 0.38% as Chinese data released and Japanese bond purchasing began, helping improve general global economic outlook. Gold gained 0.23% and Silver rose 0.83% as investors moved away from the USD.

Today’s Outlook

Heavy movement and profit taking dominated the last few hours of the Asian trading session, tempering some gains. However, another busy day of trading looks likely with UK data being closely watched in the morning and housing data released in Canada keeping markets busy whilst waiting for news from Europe’s troubled banks.

 

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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 Up on Chinese PMI

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Binary Options News : March 21, 2013

binary options news comic barack obama and bibi netanyahu and the iron dome for cyprusAsian Stocks Up on Chinese PMI

Asian stocks were mostly higher in Asian trading as Cyprus closed its banks for the whole week to stop mass withdrawals and Cypriot President Nicos Anastasiades prepares a proposal for a Plan B to gain funding for the controversial bail out plan put forward by the EU and the IMF which would have seen savings in Cypriot banks with under 100,000 euros paying 6.75% and those with savings higher than 100,000 paying 9.9%.

However, it was a positive flash reading from China in its manufacturing PMI and heightened speculation that the BoJ may implement monetary easing policies sooner rather than later, that pushed Asian stocks higher. China – the world’s second largest economy – registered its initial purchasing managers index from HSBC Holdings Plc and Markit Economics at 51.7 in March, far outpacing expectations for a reading of 50.8 after the final reading for Feb was 50.4. This pleased the markets as readings above 50 signal an economy in expansion.

Stocks

Japan’s Nikkei 225 increased 1.34% on the monetary easing talk. China’s Shanghai Composite was 0.07% higher on the PMI data released, whilst New Zealand’s NZSE 50 was 0.23% lower despite a better than expected Q4 GDP report. New Zealand’s GDP rose by 1.5% in Q4, beating expectations for a growth of 1.2%. Hong Kong’s Hang Seng increased 0.10%

Currencies

Once again the currency markets remained steady without significant movement seen in the major pairs as investors remained cool as Fed Res Chairman Bernanke kept monetary policies unchanged yesterday. The recent developments in Cyprus have also helped investors play a waiting game in the currency markets with the GBP finding favour after a positive response to the budget in the UK yesterday. the EUR/GBP was down 0.11% and the GBP/USD was up 0.17%

Commodities

Crude Oil was down 0.40% on the news that the US – the world’s largest consumer of oil – is nearing to getting rid of its status as a net import of Crude Oil. Gold was marginally higher with a 0.02% increase, whilst Silver gained 0.16%. Profit taking in Cotton has seen recent falls from $92 down to $88.84 – down 0.26% in Asian trading last night.

Today’s outlook

Another strong day of trading is predicted for Binary traders today. French and German PMI are expected to show increases this morning which will boost the EUR and strong retail figures are predicted for the UK which should continue to boost the GBP. Spanish trade balance and debt auctions might dampen any rally in the EUR especially against the USD when both home loans and jobless figures are released in the US later today, expected to show an upturn in both.

 

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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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