Category Archives: Europe

Euro Down on Weak Data, Nikkei past 15,000

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Binary Options News : May 15, 2013

Euro Down on Weak Data, Nikkei past 15,000

The Euro continued to decline in Asian markets overnight after the release of disappointing data from Europe and France and Germany in particular – highlighted the fragile economic growth in the eurozone.

Yesterday saw Germany’s gross domestic product increase by a less than expected rate in the first quarter of 2013, adding 0.1% after registering a 0.7% decline in the previous quarter. This disappointed the markets and sent the Euro lower after analysts had been expecting the German GDP to increase 0.3% in the first quarter of 2013. On a yearly basis, Germany’s GDP contracted by 1.7%, which was considerably lower than the 0.2% expected by analysts, after the 0.1% increase recorded in the fourth quarter.

Helping push the Euro down to a 5 week low against the USD was the release of France’s GDP which showed a decline 0.2% in the previous quarter after a 0.2% decline was recorded in the fourth quarter and after analysts had forecast a 0.3% increase. This puts France into recession, which was partly blamed on a ‘severe winter’ hampering growth

Stocks

Grabbing the headlines in the stock markets was Japan’s Nikkei 225 gaining more than 2% and passing the 15,000 mark for the first time since the beginning of 2008. Fueled by a weaker Yen, the Nikkei 225 closed 2.295 higher while most Asian indices closed higher also. Hoing Kong’s hang Seng Index closed 0.64% higher, whilst a decline in mining stocks hurt the Australian S & P – closing 0.81% down.

Currencies

After a subdued start to the week in the currency markets, volume levels have been picking up with the USD reversing earlier losses and weak data sending the Euro down. The EUR was 0.09% down against the USD and down 0.15% against the GBP. The greenback also made healthy gains against its commodity linked cousins of the CAD – up 0.27% and the AUD – up 0.29%.

Commodities

A strengthened USD and some strong profit taking ensured there were losses across the board in the commodity markets. Gold was down 0.8% and Silver dropped 1.55% as investors cashed in on recent gains. Cold weather forecasts failed to raise the Natural Gas price – but only 0.02%, this was the steadiest of the commodities with Crude Oil down 0.45%.

Today’s Outlook

A very busy day of trading ahead with a full economic calendar to drive markets in the Eurozone, UK and in the US later in the day. Plenty of key data released and with volume levels rising as the week progresses, makes today a potentially very strong day of profitable binary trading ahead.

 

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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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Boston events subdue markets, UK downgrade

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Binary Options News : April 21, 2013

binary options news caricature of W and Barack

Boston events subdue markets, UK downgrade

Friday proved to be a quiet trading session in Europe and the US as the events in Boston dominated the news and the trading floors. Trading levels were down considerably lower despite the release of strong Q1 earnings for Microsoft and Google sparking a mini buying spree in those companies aided by strong Q1 earnings for finance company Capital One. However, it was the unfurling events in Boston which kept investors glued to the news and not the charts.

Fitch, the credit ratings agency downgraded the UK from a AAA rating to a AA+ rating on a weakened economic outlook. Recently, a few International Monetary Fund officials have voice doubts on the Chancellor of the Exchequer’s policies which has seen high unemployment and triple dip recession. Despite the downgrade, the markets had pretty much already factored in the effect as this had been on the cards for some time. Fitch, did however return its outlook of the UK to “stable”, which makes a near future downgrade unlikely.

Stocks

In the US, the Dow Jones Industrial Average closed 0.07% higher and the the S&P 500 index finished up 0.88% whilst the Nasdaq Composite index closed up 1.25%. In Europe, France’s CAC 40 closed 1.46% higher whilst Germany’s DAX closed down 0.18%.

Currencies.

In a quiet trading session, the currency markets were dominated by the USD/JPY movement – up 1.46% as the G20 group OK’d recent Japanese stimulus policies aimed at weakening the JPY and boosting Japan’s export market. Elsewhere, there were falls for the GBP against the USD – down 0.32% and the EUR – down 0.33% as the Fitch downgrade hit an already beleaguered GBP.

Commodities

Gold made gains despite a strengthened USD as bottom feeders took advantage in the recent heavy falls in the precious metal. Gold gained 0.78% whilst Silver fell 0.22% on profit taking. Natural Gas moved lower on warmer weather forecasts in both Europe and the US, whilst Crude Oil gained 0.26% on increased stability in Venezuela – owner of the world’s fourth largest oil reserves.

 

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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 Lower On Weak Data and Cyprus

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Binary Options News : March 28, 2013

Asian Stocks Lower On Weak Data and Cyprus

Asian stocks fell in overnight trading as Cypriot banks reopened and a poor retail data from Japan combined with a lowering of growth forecasts in South Korea hit investor confidence.

Armed police remained on guard last night as banks in troubled Cyprus prepared to reopen having been closed for nearly two weeks whilst a controversial bailout was being negotiated by the IMF, ECB and the EU. Demonstrators took to the streets as Cyprus became the first eurozone member country to introduce capital controls. Customers will be limited to withdrawing 300 euros a day, to prevent everyone withdrawing all their savings. Depositors with more than 100,000 euros will also have their savings taxed in return for bank shares as the little Mediterranean island looks to raise 5.8 billion euros in order to qualify for a 10 billion euro bailout from the European Union, the International Monetary Fund and the European Central Bank – the troika.

Meanwhile in Asia, retail sales data in Japan dropped more than expected in February, highlighting the challenges the new Japanese government faces. .Sales fell in the world’s third largest economy – falling -2.3% from a year earlier,from -1.1% in January after analysts had been forecasting a -1.2% drop.

South Korea has been forced to reduce its growth forecast for the second time in three months, after a slowdown in its exports which account for almost half of it’s overall output. The South Korean finance ministry now expects the South Korean economy to grow by 2.3% for 2013, and not the previously projected rate of 3%

Stocks

In a high volume trading session, Japan’s Nikkei 225 fell 1.26%, having rebounded from a fall of 1.56% recorded as disappointing sales data as released in Japan. Hong Kong’s Hang Seng closed 0.92% lower, whilst the Shanghai Composite slid 2.27% as new restrictions were imposed by China on investment products sold by its banks.

Currencies

The currency markets were not quite as buoyant as the stocks, with no real significant movement seen in any of the major pairings other than the USD/JPY, which saw the JPY climb 0.35% against the USD, who overall suffered despite European fears. Profit takers cashed in and appear to be sitting on the sidelines awaiting news from Cyprus

Commodities

Crude Oil rose slightly on supply data from the US yesterday and was 0.09% up. Gold suffered from profit taking and as 0.12% down, whilst Silver ended a losing streak and was up 0.23%. More bad weather forecasts in both the US and the EU saw gas prices continue to rise and was 0.61% up at time of writing.

Today’s Outlook

Another strong session and day of trading ahead for binary traders. Plenty of data starting with German retail sales and unemployment figures, being released today. Following Euro Retail, we have Canadian and US GDP and US jobless figures, making today a potentially highly volatile and profitable day of trading.

 

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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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Binary Options Money Management Strategy

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Binary Options News : March 25, 2013

Binary Options Money Management Strategy

Due to the fast turnaround of binary options trading, most traders neglect to incorporate money management as part of their overall binary options trading strategies. This is probably due to the fact that money management strategies are geared towards loss reduction rather than profit accumulation. Many traders tend to forget that when they strategize to accumulate profit quickly, the chances of losses piling up quickly are also increased. We have to remember that it is a fact of life that not all our trades will end up in the money. As such, we should always have a sound money management strategy in place as well when we trade.

Essentially, a good money management strategy requires us to have strong discipline as we have to stick to a game plan regardless of what our instincts tell us. So what does a money management strategy entail? A good money management strategy must cover two (2) things:

• Trading Capital Percentage
• Assets Diversity

Trading Capital Percentage

This requires us to set a percentage of our total available investment capital that we would use for trading. For example, let’s say our total available investment capital is $1000. Suppose we decided that we would only trade with 10% of our capital each time we make a trade. This mean we would have $100 available for trading. Regardless of whether we end up in the money or out of the money, we will continue investing based on 10% of our total available capital. And even if we lost our first trade, we would still have $90 to trade with on the next trade. Suppose we made $80 profit on our first trade, this would mean we would have $108 available for our next trade. If we stick to this rule, we can see that as our profits increase, our trading capital would also increase correspondingly by 10%.

Assets Diversity

We all have our favourite class of assets. Sometimes, the more time we spend trading with them, the fonder we grow of them. Of course there is nothing wrong with having a class of asset that we favour over the rest. The danger comes when we over expose ourselves to only one class of asset. Any devaluation in that class of asset can easily wipe out our overall investment. We only have to look at what happened to Cyprus to see what over exposure in Greek Bonds did to their economy.

Always make it a habit to track your investments and their performance. Since a money management strategy is never set in stone, we can always adjust our strategy to see what works well by reviewing our performance track record. As important as a good trading strategy is, a sound money management strategy is equally important as it allows for smarter trading.

 

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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 Markets As Cyprus Rejects Deal

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Binary Options News : March 20, 2013

Mixed Markets As Cyprus Rejects Deal

It was a mixed trading session in Asian markets as stocks moved between gains and losses after a Chinese inspired rally negated some of the investor concerns after Cyprus rejected the bail out plan offered by the EU and the IMF. Late last night, the Cypriot policymakers unanimously rejected the deeply disliked 10 billion euro bailout bail out plan which was dependent on all bank customers in Cyprus forced to pay a one off levy depending on their deposit levels The levy plan would mean that savers with under 100,000 euros must pay 6.75% and those with savings higher than 100,000 must pay 9.9% and was expected to raise 5.8 billion euros to for the ailing Cypriot banks having lost nearly 5 billion euros on Greek investments. the loss on Greek bonds prompted worries Cyprus will go bankrupt and be forced to exit from the euro zone.

The markets looked as though they are holding their breath as low volume trading in the Asian session began to pick up after manufacturing in China – the world’s second largest economy – expanded for this month ahead of the release of the preliminary HSBC and Markit Economics manufacturing index reports.

Stocks

Markets in Japan are closed today for a national holiday, but Hong Kong’s Hang Seng increased 0.68% and the Shanghai Composite rose by 1.54%. South Korea’s Kospi closed 0.29% lower whilst Australia’s S&P/ASX 200 dropped 0.60% as declining mining shares kept the index in check.

Currencies

The Euro staged a decent rally after hitting 4 month low against the USD after Cyprus rejected the unusual and deeply unpopular one off levy the IMF and the EU tried to impose on Cyprus in order to receive bail out funds. The EUR/USD was up 0.21%, after the greenback firmed on the Cypriot bank uncertainty. Indeed as European market openings came closer, the USD found itself under pressure and was down against most major currencies, except in the USD/JPY pairing which the greenback gained 0.16%.

Commodities

Despite euro uncertainty and the weight of Cypriot bank uncertainty, Crude Oil gained 0.45% whilst Gold remained virtually unchanged at 0.01% down. Silver rose again, helped by the weakening dollar in late Asian trade and was 0.29% up. Natural Gas fell from its 17 month high and was 0.29% down.

Today’s Outlook

Expect a busier european trading session as volume started to pick up in late Asian trade. German PPI is followed by important Jobs and earnings data in the troubled UK, before attention switches back to germany for its 10 year bond auctions. Volume is expected to increase even further with FOMC statement and Bernanke’s comments later in the day from the US.

 

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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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