Category Archives: eur/usd

Subdued Trading on Soft Data. USD Down

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Binary Options News : May 14, 2013

Subdued Trading on Soft Data. USD Down

There was low volume trading in Asia overnight as the release of soft data from China saw gold rise for the first time in three days and the JPY move away from its lowest level in over 4 years.

China’s stocks dropped the highest for three weeks as concerns heightened that the Chinese government is introducing more property restrictions to restrict the rises in its housing market. This comes just a day after industrial production in China increased 9.3% for April, lower than the expected 9.5% increase and follows the 8.9% increase recorded in the previous month. Separate data also revealed that retail sales in China increased by 12.8% for April, which was very much in in line with expectations. Worrying investors looking at economic growth, was the the news that oil demand slowed April, which kept gains in check.

Yesterday saw the release of retail sales data in the US with retail sales rising 0.1% in April following a decline recorded in March. The increase was boosted by a 1% increase in auto sales and clothing sales rising 1.2%. The retail sales figure,excluding petrol station sales, means that retail spending increased by 0.7%, indicating that US consumers are increasing their spending, which is important to US growth as the US economy is 70% consumer spending driven.

Stocks

Asian stocks were mixed on the sluggish data released. Japan’s Nikkei 225 started with gains before reversing and was currently 0.04% down. Hong Kong’s Hang Seng also posted early gains before pulling back to be down 0.34%. The Chinese Shanghai Composite was down 0.67% on the soft data releases from China – the world’s second largest economy. Australia’s S&P/ASX 200 advanced 0.11% on central bank intervention talk before July heating up.

Currencies

Following on from yesterday’s subdued trading in the currency markets, there was a bit more life and movement in overnight Asian trading with the US Dollar reversing some of the gains made over the last few days. The EUR/USD was up 0.20%, whilst the AUD/USD was up 0.49%. The USD also saw declines against the GBP – down 0.15% and against the JPY – down 0.46% as investors cashed in on recent gains and resumed some of the risk on sentiment seen at the back of last week.

Commodities

The weakened USD saw some investors snap up nicely priced positions in the commodity markets. Gold and Silver both made gains with Gold rising 0.45% and Silver inching 0.05% higher. Natural Gas bounced off a 5 week low to rise 0.13% as a cold spell is forecast in the Northwest of USA and over some parts of Northern Europe. Crude Oil gained 0.32% despite the soft data from China and was priced at 95.44 a barrel.

Today’s Outlook

Expect a busier trading session when European markets open with volume levels increased over what was seen in Asia overnight. A raft of important Euro data should see the EUR continue to rise, whilst the ZEW economic sentiment should be closely followed.

 

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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 Shares/Euro Tumble On Cyprus Fears

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Binary Options News : March 18, 2013

Editorial cartoon of Barack Obama at an Irish Pub on St. Patrick's Day

Asian Shares/Euro Tumble On Cyprus Fears

Asian stocks, as expected, tumbled as the trading week begun following on from the developments in troubled Cyprus. Stocks in Asia moved towards their biggest single session of decline in 8 months after a shock decision by the EU and IMF to demand that all bank customers in Cyprus to pay a levy in return for a national bailout valued at 10bn euros. Although the deal has yet to be ratified, news of the deal created a stampede to the cash machines as savers attempted to withdraw their money making this the first time depositors have taken a loss in a eurozone bailout/rescue.

The levy plan being supported by newly elected Cypriot President Nicos Anastasiades which has been delayed without explanation since its announcement, will mean that savers with under 100,000 euros deposited in Cyprus banks must pay 6.75% and those with savings higher than 100,000 in their accounts must pay 9.9%. It is expected to raise 5.8 billion eur to aid the country’s troubled banks which are in danger after losing 4.5 billion eur on Greek bonds invetsments.

Stocks

Asian stocks plummeted on the Cyprus news with Japan’s Nikkei 225 falling 2.63%. Hong Kong’s Hang Seng dropped 2.2%, whilst Australia’s ASX 200 was down 2.05% at time of writing. New Zealand’s NZSE 50 is down 1.02% and South Korea’s Kospi is 0.55% lower as investors moved out of the risky assets like stocks and the EUR and into the safe haven of the USD

Currencies

The USD was the main beneficiary in Asian trading as investors reacted to the Cyprus deposit levy news. There was massive movement away from the Euro which saw big declines against the GBP – down 1.29% and unsurprisingly against the USD – down 1.37%. The EUR fell to a three-month low against the US dollar. down from late Friday’s mark of around $1.30. The greenback also made heavy gains against the AUD – up 0.45% and the CAD – up 0.41%, yet the USd was down 0.98% against the JPY which also enjoyed safe haven status.

Commodities

It was mixed trading in the commodity markets in Asia as Gold moved above 1600 a troy ounce before settling back to 1596 – a rise of 0.21%. The strengthened USD saw Silver slide 0.59% and Copper down 2.35%, whilst Crude Oil fell on the news that Saudi Arabia and Iraq increased their oil production for the month of January; Crude Oil was down 1.15%. Natural Gas continued to extend gains on supply data and bad weather forecasts.

Today’s Outlook

It certainly promises to be a hectic trading session when European markets open. Although a quiet day on the economic calendar front, the EUR/USD is expected to fall further – possibly down to 1.2750 and European stocks are expected to see similar falls seen in Asia overnight, making today, a very strong day of trading 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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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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Asian Stocks Continue Rise

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Binary Options News : December 19, 2012

binary options news cartoon hsbc loan applicationAsian Stocks Continue Rise

Asian stocks continued to gain in Wednesday’s overnight session as traders started to take on the idea of progress being made on the ongoing fiscal cliff negotiations in the US. President Barack Obama has made a new offer to avoid the “fiscal cliff” as the speed of the negotiations gathers pace. Mr Obama is now proposing a tax rise on incomes over $400,000, well above the $250,000 level he had initially wanted. House of Representatives Speaker John Boehner called the offer “a step in the right direction” but not fully “balanced”. The back and forth on the fiscal cliff has given investors hope that it will be resolved before the January 1stdeadline, causing a rise in the riskier assets once more.

Stocks

In Asian trading Wednesday, Japan’s Nikkei 225 was higher by 1.61%. The benchmark measure of Japanese stocks rose above 10,000 for the first time since April. Australia’s S&P/ASX 200 added 0.5% to a 17-month high despite lingering growth concerns and Hong Kong’s Hang Seng gained 0.7%. South Korea’s Kospi added 0.51%, but the Shanghai Composite was lower by 0.18% as the World Bank has raised its growth forecast for China, saying stimulus measures and approval of infrastructure projects will help boost growth.

Currencies

Movement was limited once again in the currency markets which over the last few days have not been a friend to forex binary option traders with low volatility. The EUR/USD hit a 7 month high, having broken the 1.3000 mark and is now 0.13% higher, trading 1.3247. The JPY continues to falter against the USD, which was also 0.13% higher against the JPY at time of writing.

Today’s Outlook

Many investors trading binary options will be watching as the Bank of Japan starts a two-day meeting today with traders widely anticipating some of form of added monetary stimulus. With Japanese interest rates already low, rate-cutting is probably off the table, meaning BoJ could disappoint the market if it does not boost asset-buying. This morning sees the release of the German Ifo Business Climate Index, with a slight increase predicted, which should add further pressure on the USD 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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Dollar Down on Cautious Euro Optimism

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Binary Options News : November 14, 2012

binary options news cartoon dollar euro hang in thereDollar Down on Cautious Euro Optimism

The US Dollar found most of yesterday’s gains erased in overnight Asian trading on expectations Greece may see bailout money resume flowing into the country soon. Investors took advantage of nicely priced positions in the Euro and in the commodity markets after it was reported that Greece could receive 44 billion euros in various financial aid packages having recently approved a new budget and a series of unpopular austerity measures aimed at appeasing creditors.

Greece put 4.06 billion euros in short term government debt earlier, which will help Athens to repay the 5 billion euro debt maturing on Friday, and hopes started to mount that European policymakers will free up pending aid for Athens.

Helping send the euro down yesterday and enhancing the USD’s safe haven status was the ZEW Centre for Economic Research reporting that its German economic sentiment index dropped to -15.7 in November from October’s reading of -11.5 and much lower than the -9.8 this month analysts had been expecting.

Commodities

The weakened dollar encouraged bargain hunters in the commodity markets with gains seen across the board. In the precious metals market, Gold was up 0.17% and Silver increased 0.34%. Copper gained 0.29%, whilst Crude Oil, shrugged off Middle East tensions to gain 0.10% in Asian trading.

Currencies

The USD was mixed to lower, with the EUR/USD up 0.10%, the GBP/USD was up 0.11% whilst the USD/JPY was the biggest mover in the markets, rising 0.24%. The Aussie was 0.16% up against the USD, whilst the CAD was down 0.10% against its American cousin.

Stocks

Asian stocks made small gains in overnight trading, so far ending the four day loss seen this week. Hong Kong’s Hang Seng Index gained 053%, Australia’s S&P/ASX200 increased 0.14%, whilst Japan’s Nikkei 225 Index inched marginally higher, up 0.02%.

Today’s Outlook

European stocks indicate a mixed to higher opening when markets open there and investors should keep an eye on eurozone industrial output figures and U.S. retail sales data due out today to spark some movement. Also worth notin is the Bank of England governor speaking and the release of the FOMC minutes in the US, making this a high volume trading day with a high level of volatility expected

 

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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.

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