Category Archives: Commodities

USD Lower, Commodities Higher as Risk Continues

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Binary Options News : April 25, 2013

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Which Grey Sphere Do You Fear?

USD Lower, Commodities Higher as Risk On Continues

Asian trading overnight saw commodities continue to make gains whilst more and more investors moved out of their USD safe havens and into riskier assets such as stocks.

Helping push the regional benchmark index for Asia towards its highest close since 2011 was the news that South Korea’s economy increased at its highest rate in 2 years for Q1, despite heightened tensions between the North and South. The Bank of Korea announced overnight that economic growth increased 0.9% in the first quarter compared with the 0.3% recorded in the fourth quarter of 2012. On a yearly basis, South Korea’s GDP growth remained unchanged at 1.5% after analysts had been expecting a Q1 increase of 0.7% and yearly growth of 1.4%.

The USD lost its status as a safe haven with more gains in the commodity markets whilst the Greenback was lower against most of major currency pairs.

Stocks

Asian shares extended their winning streak with Japan’s Nikkei 225 heading towards the 14,000 level which has not been reached in over 5 years. The Nikkei 225 has already increased nearly 60% over the last 6 months and many analysts are predicting the 14,000 mark to be tested this week. Hong Kong’s Hang Seng gained 0.49% whilst Australian and New Zealand exchanges are closed today due to public holidays.

Currencies

The USD found itself under pressure in overnight trading as a risk on sentiment sweeping the markets meant the Greenback was not the safe haven investment it was a week ago. The EUR/USD was up 0.18%, whilst the GBP/USD was up 0.37%. The commodity linked Aussie benefited from the rise in commodities and gained 0.32% against its US counterpart.

Commodities

Another day of high volume trading for the commodities with both gold and silver continuing their gains in Asian session. Gold was up 1.49% cent and Silver 1.58%. Stockpiles of crude oil were below expected figures causing the price of Crude to rise while natural gas carries on falling on continued warm weather forecasts in US and Europe. Natural gas dropped 0.42 per cent

Today’s Outlook

Investor focus firmly on Q1 GDP data out later data for the UK, investors are quietly confident that the troubled country will manage to avoid a triple dip recession. Then attention moves across to the US with its key jobless claims which will push US trading session.

 

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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, Apple and Commodities Higher in Risk On Trading

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Binary Options News : April 24, 2013

appl is rolling down steeplyAsian Stocks, Apple and Commodities Higher in Risk On Trading.

With Apple reporting lower profits than the previous quarter, investors followed the lead set in US markets yesterday and ventured off from the sidelines to move into nicely priced positions in the commodity and stock markets.

The rise in Asian stocks came despite Apple, the computer and smartphone maker, reporting its first ever drop in quarterly fall in profits for over a decade. iPad and iPhone sales boosted sales income to $43.6 billion, selling over 37.4 million iPhones and 19.5 million iPads in the first three months of 2013. However, Apple has seen growing competition in the smart phone industry, particularly from Samsung and concerns over slowing demand for its products whilst competition has increased competition have caused Apple’s share price to fall in recent months, losing around 40% since it hit its all time high in Sept 2012. Apple has been under pressure to share some of its $137 billion earnings with shareholders announced yesterday that it planned to buy back $60 billion in shares whilst raising its dividend to shareholders by 15%. The move proved popular with investors as Apple’s shares increased 5.5% in overnight trading.

Stocks

Asian stocks were trading higher overnight as the weakened yen boosted Japanese exporters, encouraging investors all over the Asian region. Nissan, the giant Japanese car maker gained 2% as investors took the weakened JPY and positive home sales data in the US, as a sign that the 2 of the world’s 3 largest economies are showing healthy signs of recovery.
Hong Kong’s Hang Seng rose by 0.95% and China’s Shanghai Composite increased 0.37% on the back of the positive PMI reported in China yesterday. Japan’s Nikkei 225 increased 2.01% as the export market was given a boost by the weakened yen and the BoJ policies being ratified by the G20 meeting in Feb.

Currencies

The currency markets proved to be the most stable of the markets, with low volume trading and one eye by investors being kept on the BoJ meeting tomorrow. There was no significant movement in the currency markets with the USD generally slightly higher despite the rise in the commodity markets.

Commodities

Unlike the currency markets, the commodity markets experienced high volume trading, with large gains made as investors continued to snap up nicely priced positions after recent heavy falls. Gold gained 1.34% and Silver rose by 1.64% as the precious metals markets rebounded after falls. Crude Oil gained 0.67% as supply data revealed falling stockpiles in Crude Oil. Copper rose 2.43% on the global growth demand outlook, whilst Natural Gas continued to fall – down 0.43%, as warmer weather is forecasted.

Today’s Outlook

Another busy day of trading ahead as German business info is released early in the morning and then durable goods orders in the US driving markets. Treasury secretary Lew speaks in the US in the afternoon and his comments should be closely followed, whilst keep an eye on the stockpile data of Oil and Gas, also released in the US in the afternoon, to affect the commodity markets.

 

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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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Holiday Markets Mixed

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Binary Options News : February 11, 2013

it's all snake for 2013 in chinaHoliday Markets Mixed

The Euro hit a 2 week high against the greenback and Australia’s S&P ASX was almost unchanged, but still hovering near its highest levels in nearly three years in a subdued Asian trading session with many Asian equity markets closed for public holidays. The lethargic trading was due to region’s major exchanges closed in observance of the Chinese Lunar New Year, with Japan’s Nikkei 225, Hong Kong’s Hang Seng, the Shanghai Composite and exchanges in Taiwan are all closed for the holiday. Japanese markets are slated to reopen tomorrow while the Hang Seng will reopen Thursday. The Shanghai Composite will be closed for the entire week.

Australian home-loan approvals dropped in December for a third consecutive month. Loans for new homes fell 1.5% in December, more than double the 0.7% November decline.

Approved loans for new residential construction increased 1.2% in December, the first increase since July. First-time home buyers in Australia amounted to less than 15% of the approved loans in December,making it one of the weakest levels for some time.

Stocks

With most indices closed in Asia, Australia’s S&P ASX closed down 0.24%, whilst New Zealand’s NZSE 50 fell 0.07%.

Currencies

The USD was mixed in a subdued trading session in Asia. The US dollar index, which measures the greenback against a basket of 6 weighted currencies, was 0.10% down. the largest movement was seen in the AUD/USD pairing which was down 0.31% following on from the Australian home loan data. Elsewhere, renewed optimism in the Euro saw gains against the USD – up 01.2% and the GBP – up 0.20%

Commodities

Crude Oil and Natural Gas saw declines due to supply issues caused by the blizzard in the US, whilst the metals markets saw moderate gains with gold rising 0.07%, Silver rising 0.09% and Copper rising 0.11%

Today’s Outlook

European markets opening should provide a boost to the lacklustre trading seen overnight. Later today, France is scheduled to release official data on industrial production while euro zone finance ministers are to hold talks in Brussels. French industrial figures are expected to show a decline from 0.5% in December to -0.2% in January which could well add some pressure on the Euro.

 

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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 Mixed on Chinese Data

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Binary Options News : January 28, 2013

Asian Stocks Mixed on Chinese Data

The trading week started with a mixed session in Asia, as stocks were generally mixed to higher on the back of some solid profit reports from Chinese industrial firms with Chinese industrial companies’ profits rising in December and South Korean consumer confidence climbed to its highest level in eight months.

South Korea’s won is headed for the longest losing streak since August after foreign investors sold stocks, Finance Minister Bahk Jae Wan hinted at intervention and North Korea vowed to defend itself against U.S. hostilities as tensions mounted in the region. South Korea’s won fell 1.6 percent last week, the largest decline since May.

Earlier in the day, the cabinet office in Japan boosted its real GDP outlook for the year ending March 31, 2014 to growth of 2.5% from a previous estimate of growth of 1.7%. Despite a recent surge thanks in large part to the rapidly depreciating yen, Japanese equities have yet to follow their U.S. and German counterparts back to the highs seen prior to the global financial crisis.

Stocks

The largest falls in the Asian trading session was seen in the Nikkei 225 in Japan which fell 1.12% following on from the GDP boost. Hong Kong’s Hang Seng Index rose by 0.35% whilst national holidays in Australia mean that markets are closed there .New Zealand’s NZSE 50 climbed 0.12% whilst Singapore’s Straits Times Index rose by 0.24%.

Currencies

The currency markets were mixed in Asian trading as the GBP continued to find itself under pressure as Euro exit talk heightened over the weekend with Britain heading towards a triple dip recession. The GBP was down against most of its counterparts – falling 0.26% against the USD and 0.21% against the Euro.The greenback fared well in Asian markets, up against most of its major currency partners – most notably up 0.24% against the Canadian Dollar.

Commodities

Despite a strengthened USD, the commodity markets saw gains in the Asian trading session with Gold rising 0.27%, Silver climbing 0.26% and Copper gained 0.17%. Oil made gains ahead of some key earnings and economic reports. Crude Oil was up 0.19% at time of writing.

Today’s Outlook

The largest news on the economic calendar today is the core durable goods orders. This measures the change in the total value of new orders for long lasting manufactured goods, excluding transportation items. A drop from 1.6% to 0.7% is forecast, which could add pressure on the USD today. Bank of Canada (BOC) Governor Mark Carney is to speak later and his comments should be closely followed in what promises to be a day of strong volatility.

 

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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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Mixed Ending To Busy Week

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Binary Options News : January 13, 2013

binary options news cartoon lesser trading point of viewMixed Ending To Busy Week

Friday’s close brought an end to a busy week of trading with high volatility and plenty of profit opportunities for the binary options trader. Despite many investors holding off until many U.S. financial firms will release fourth-quarter earnings next week, there was a strong set of economic data released over the week that drove the markets.

The U.S. government reported that the country’s trade deficit widened surprisingly in November, expanding to $48.7 billion from a $42.1 billion deficit from the previous month. Analysts had been expecting the trade deficit to narrow to $41.3 billion in November, although gains in imports of consumer goods indicated improving consumer demand in the U.S., giving investors room to take on some risk, boosting stocks.

Stocks

The widening trade deficit kept investors away from stocks. At the close of U.S. trading, the Dow Jones Industrial Average closed up 0.13%, the S&P 500 index was largely unchanged, whilst the Nasdaq Composite index closed 0.12% higher. In Europe, the EURO STOXX 50 increased 0.35%, France’s CAC 40 gained 0.08%, whilst Germany’s DAX 30 finished up 0.09%. and. the FTSE 100 in the UK finished up 0.33%.

Currencies

Following on from the US trade deficit announcement, the USD traded mixed to lower against most of its peers on Friday whilst the Euro continued to see support following on from the ECB’s unanimous decision to leave interest rates unchanged at 0.75% after a Thursday monetary policy meeting.The EUR/USD rose more than 2% against the dollar, to its highest level in 9 months. The rally from 1.3040 to 1.3365 took only a matter of 48 hours and was the strongest 2-day move for the currency pair since October 2011.

The GBP fell against other currencies after it was revealed that U.K. manufacturing production fell in November, catching markets by surprise coming in at down 0.03% after a 1.3% decline the previous month.

Commodities

The strengthened USD and some heavy profit taking from investors saw falls in the commodity markets. Gold was down 0.92% and Silver fell 1.47%. Cold weather in the US and Europe saw rises in the price Natural Gas – up 4.23%.

The Week Ahead

Next week we will get a much better sense of how the U.S. economy is faring and how realistic an end to QE3 in 2013 really is. A number of U.S. economic reports are scheduled for release next week but retail sales and the Beige Book report will be the most important.

 

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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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