Category Archives: Gold

Yen Lower and Gold Rebounds as Bank Of Japan Meets

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Binary Options News : May 21, 2013

japanese currency comic from may 21, 2013Yen Lower and Gold Rebounds as Bank Of Japan Meets

The Japanese Yen was lower in all of its 16 major currencies pairings as the Bank of Japan began a 2 day policy meeting. Asian stocks retreated from their 5 year high in a low volume trading session as many investors wait on the sidelines until the Fed Reserve statement tomorrow.

The Japanese Economy Minister Akira Amari said overnight that the strong yen is in the process of being corrected and that he wants the exchange rate to settle at a level more in-tune with Japan’s economic fundamentals. The Bank of Japan has implemented large scale monetary easing measures aimed at steering Japan from deflationary decline whilst boosting growth. This has caused the JPY to plunge to new lows against the USD not seen since the financial crash of 2008.

Stocks

Asian stocks were generally mixed in overnight trading with Japan’s Nikkei 225 posting a 0.07% increase as the BoJ meets today. Chinese trade conditions came under the spotlight as ministers in the EU accused China – the world’s second largest economy – of having a ‘free ride’ in trading. Chinese stocks were mixed on the whole after it agreed with India to further cooperation regarding their shared border. A US and China summit has also been scheduled for next month in the US. The Chinese Shanghai Composite gained 0.03% whilst Hong Kong’s Hang Seng Index dropped 0.26%.

Currencies

The USD enjoyed mixed fortunes in the currency markets as many investors await the outcome of various central bank meetings. The EUR/USD was up 0.07% whilst the USD/JPY gained 0.24%, as the Yen fell against all its major currency pairs on Yen correction talk. The Aussie gained 0.22% against the USD on intervention talk by the RBA and the Canadian Dollar fell 0.07% against its American cousin.

Commodities

The central bank intervention talk and investors snapping up nicely priced positions, helped Gold and Silver post a rebound in Asian markets. Following on from heavy falls yesterday, Gold gained 0.86% and Silver rose 0.92%. Crude Oil firmed on a strengthened USD and was up 0.05% whilst warmer temperatures being forecast saw Natural Gas decline 0.29%.

Today’s Outlook

A raft of key data from the UK dominates this morning’s economic calendar with better than expected U.K. economic data continuing to support the GBP which has traded higher against the EUR and USD of late. This afternoon, keen eyed investors will follow the words of FOMC Membar Bullard , SNB Chairman Jordan and BOC Governor Carney all very carefully, looking for signs of monetary policy action.

 

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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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After the Gold Rush (Sell-Off)

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Binary Options News : April 17, 2013

After the Gold Rush (Sell-Off)

Asian stocks were higher in overnight trading, seemingly heading towards ending the 3 day losing streak which has seen global markets suffer on global growth fears. Behind the rise in Asian indices was the IMF raising its GDP outlook for Japan – the world’s third largest economy – to 1.6%, up from 1.2%. The reasons being touted for this is the aggressive stimulus policies put into place by new prime minister and the newly elected head of the Bank of Japan which has seen the Yen lose value, making exports cheaper. This has already resulted in Japanese shares being the best performing Asian shares of 2013.

Also helping boost market sentiment in the Asian trading session was the release of improved housing starts data in the US and encouraging industrial production figures, also from the US. Housing starts increased 7% from February to hit 1.036 million making it the first time that monthly housing starts have totaled more than 1 million in nearly 5 years. Boosting the mild risk on sentiment that has been glaringly absent over the last few days was the Federal Reserve reporting that U.S. industrial production increased 0.4% for March,surpassing the forecasts for a 0.2% increase, even though there was a surprise 1.1% increase recorded in the previous month.

Stocks

Japan’s Nikkei 225 climbed 1.20% on the improved IMF outlook for Japan which lifted Asian stocks from a 3 day losing streak. Hong Kong’s Hang Seng gained 0.27% and Australia’s S&P/ASX 200 increased 0.98% after its major banks posted string results. South Korea’s Kospi index continued to decline, falling 0.31%, just a day after the South Korean government announced a 17.2 billion USD stimulus plan. Although tensions have abated a little with North Korea, investors are still staying away from South Korean investments.

Currencies

The USD was once again ‘THE’ investment to go to in Asian trading with gains made against most major currency pairs. The strong data points from the US helped push the greenback 0.88% higher against the JPY, 0.33% higher against the AUD and 0.12% higher against the CAD. There was also moderate gains of 0.03% against the EUR and 0.02% against the GBP.

Commodities

The commodity markets once again proved a volatile hunting ground for binary traders. Despite no dramatic plunges in price as seen earlier in the week, there was still strong movement as bottom feeders and profit takers ensured swings in the precious metals markets. After making tentative increases, Gold was down 0.77% and Silver down 0.65% as the strengthening USD turned gains into losses late into the Asian session. Crude Oil was unchanged at time of writing.

Today’s Outlook

Positive data is expected from the UK this morning which should provide a boost to the GBP. This is followed by German 10 year debt auctions and speeches by BoC governor Carney and the FOMC member Rosengren, making today a day promising a volatile’s day of 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 Blasts as Gold Suffers Largest Single Day Loss in 30 Years

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Binary Options News : April 16, 2013

editorial cartoon about the falling price of gold bullion

The Spring fall of gold

Boston Blasts as Gold Suffers Largest Single Day Loss in 30 Years

The big news from a global perspective is the sell off in the US, partly inspired by the terrible events in Boston overnight and partly on global growth issues. Investors moved away from US stocks, which suffered its largest single day decline since November 2012. Earlier yesterday, US markets closed lower as the acts of terror accelerated a sell off initiated by poor economic data released in both the US and in China – the world’s two largest economies. Investors reacted to the news by attempting to reduce risks, partly down to the fact that the recent weeks has seen the stock markets in Asia make strong gains, reaching levels not seen since 2008

However, it was the Gold market which grabbed the investment headlines, registering an 8% decline – the largest single day loss for the precious metal for over 3 decades which ended during the Asian trading session dominated by the news of the blasts and general investor sentiment towards risk aversion.

Stocks

Asian stocks fell in the aftermath of the Boston news with falls by as much as 2% in Japan. South Korea and Australia before staging a rallying comeback towards the end of the Asian trading session before European markets open. Japan’s Nikkei 225 fell over 1.07% before rebounding to be 0.18% down. New Zealand’s NZSE 50 fell 0.76% and South Korea’s Kospi dropped 1.08% despite the South Korean govt proposing a $17.2 billion stimulus package intended to boost economic growth.

Currencies

In strong volatile markets, there was large moves for the USD as the Greenback lost its safe haven status and investors moved out of US positions. The USD was down against all majors except the JPY – with sharp declines for the USD against the EUR – down 0,35%, the AUD – down 0,64% and the CAD – down 0.25%

Commodities

The commodity markets showed a signs of a rally in late Asian trading after Gold and Silver suffered heavy losses yesterday and Natural Gas fell despite cold weather forecasts. Yesterday also saw Crude Oil close at its lowest level in 2013 as investor panic over global growth sparked the mass sell off. At time of writing, Gold rebounded to be 1.11% up, Silver gained 0.39% and Natural Gas was 0.24% higher. Crude Oil was down 0.83% as Chinese growth fears dominated the trading in commodity.

Today’s Outlook

Today looks to be an incredibly strong day for Binary traders, the euro zone will publish official data on consumer inflation, and the ZEW Institute is to publish its closely followed report on German economic sentiment. But it is the rally in commodities which may excite many Binary traders with Gold and Silver set to reverse earlier heavy losses.

 

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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 Maintains Safe Haven Status

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Binary Options News : February 21, 2013

safe harbor v polluted harbor webcomicUSD Maintains Safe Haven Status

The greenback remained the safe haven investment to go to in Asian trading overnight following on the Federal Reserve in the US hinting that it may slow down its bond purchasing activities or maybe even stop the program altogether. The release of the minutes from the last meeting by the Federal Open Market Committee’s meeting sent investors rushing away from Gold, which hit their lowest levels since July 2012, and into the safe haven of the USD.

Whilst there isn’t guarantee the Fed will slow or stop the bond buying program, certainly in the short term. just the hint that the Fed Res are even mulling over the winding up of its easing program helped send traders into the warm embrace of the US Dollar and out of riskier assets.

Stocks

Asian stocks fell overnight with Hong Kong’s Hang Sang falling 1.81% and the Chinese Shanghai Composite plunging 2.74% after China said it would take steps to prevent the housing market in China from overheating. Australia’s S&P/ASX 200 Index fell 1.7% after Gold prices fell and a negative profit outlook from it’s energy retailer – Orion Energy. Japan’s Nikkei 225 fell 1.45% in a volatile trading session seen so far.

Currencies

The GBP continued to get pounded in the Asian markets, following on consecutive losses seen this week. Against the safe haven USD, the GBP was down 0.51% as the greenback enjoyed gains against most major currencies. The EUR/USD was down 0.29%, whilst the USD was up 0.21% against its Australian cousin and up 0.23% against the Canadian Dollar.

Commodities

Crude Oil was down 0.71% as concerns over global growth lingered and Fed minutes took the headlines. Gold fell to a 6 month low and was down 0.94%, whilst Silver was down 0.58% at time of writing.

Today’s Outlook

Having already seen a volatile trading session in Asia the volatility which Binary traders profit from should carry over into European and US trading sessions. European PMI stats are released this morning followed by CPI figures in the US later in the day – all key indicators of economic health and 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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Yen Rallies Sending Nikkei Down

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Binary Options News : January 21, 2013

binary options news cartoon washington dc in januaryYen Rallies Sending Nikkei Down

The trading week began with some strong volatility as Japanese shares dropped and Asian shares in general swung between gains and losses after the Japanese Yen rebounded from its lowest level against the dollar in 2 and a half years. In press interviews over the weekend, Koichi Hamada, who is assisting Prime Minister Abe choose a new Bank of Japan governor, stated that Japan must be careful against allowing the Yen to depreciate too rapidly against other major currencies. The stronger yen hit shares of Japanese exporters as the stronger currency squeezes profits for those Japanese firms which depend on international markets for the bulk of their sales.

Stocks

Chinese stocks built on gains from last week following some positive data from the world’s second largest economy. The Chinese economy grew 7.9% in the fourth quarter from a year earlier, above expectations for a 7.8% rise and following a 7.4% increase in the preceding quarter. Hong Kong’s Hang Seng increased 0.13% whilst the Shanghai Composite added 0.14%. Japan’s Nikkei 225 plummeted 1.78% at time of writing as the USD/JPY backed off the multi year highs seen over the course of last week. Australia’s S&P/ASZ 200 was modestly higher, up 0.13%, as traders there await Wednesday’s inflation report.

Currencies

The largest mover in the currency markets was the USD/JPY – down 0.5% after falling nearly 1% in early Asian trading. The remainder of the currency markets were generally flat withe AUD/USD climbing a modest 0.04% ahead of key Australian inflation data released Wednesday.

Commodities

Crude Oil fell ahead of today’s European debt meeting, and was 0.51% down in Asian trading. Gold futures traded slightly higher in the early part of Monday’s Asian session, ip 0.02%, as traders are looking for the yellow metal to build on last week’s 1.25% increase, its best weekly run in about two months.

Today’s Outlook

It is a national holiday in the US, with markets closed there, however, an increase in German PPI is expected this morning which may see a boost to the Euro, especially in the EUR/USD pairing.

 

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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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