Category Archives: Indices

Asian Stocks Continue Winning Streak

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Binary Options News : April 11, 2013

Kim Jung Un takes aim at US arms controlAsian Stocks Continue Winning Streak

Asian stocks were higher trading higher again in overnight markets, making the winning streak 4 day as Japanese stimulus brought in last week and now US stimulus pledges made yesterday, kept investors hungry for riskier assets.

In Japan, economic data released by the Bank of Japan showed that Japan’s M2 Money Stock increased 3% last month after a 2.9% increase recorded in February. This was after analysts had been expecting an increase of 2.9% for March. Also released in Japan in Asian trading yesterday was a report by the Economic and Social Research Institute, who reported that Japan’s core machinery orders increased 7.5% for March after a 13.1% drop recorded in February. This after analysts had been expecting an increase of 6.8% for March.

Asian markets were also reacting to the news yesterday that President Obama unveiled a $3.77 trillion budget that offers fresh taxes on the wealthy as well as cuts to benefit programmes. However, the markets priced in already the fact that the Obama plan is viewed as having no chance of being implemented in its entirety by a Congress in deadlock.

Stocks

Japan’s Nikkei 225 Stock Average rose 1.27% as the Yen continued to near the 100 mark against the USD. Hong Kong’s Hang Seng increased 0.84% and the Shanghai Composite of China edged up by a moderate 0.02%. Elsewhere in Asia, Australia’s S&P/ASX 200 increased by almost 1% following on from the release of official data showing Australia’s unemployment rate increased to 5.6% in March from 5.4% reported for February.

Currencies

In a very quiet trading session in the forex markets, the only real movement of any note was in the AUD/USD which fell 0.23% on the back of the disappointing unemployment data in Australia – the world’s 12th largest economy. The general movement to riskier equities by investors meant the major pairs except the AUD/USD saw movement under 0.04% in the quiet currency markets.

Commodities

Thankfully there was a higher volume of trading in the commodity markets as profit takers ensured the prices of the precious metals were lower with Gold down 0.03% and Silver falling 0,81%, wiping out yesterday’s gains. Figures released from Opec showed production was down in Oil, but lingering concerns over global economic recovery, meant Crude Oil fell 0,27% in Asian trading.

Today’s Outlook

German and French CPI dominate the European economic calendar this morning, Attention then switches to the US and initial jobless data to drive the 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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US and Japan Stocks Climb New Heights

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Binary Options News : April 3, 2013

Stocks in Japan, US Reach New Heights

In a strong high volume trading session in Asia, Japanese stocks were soaring on the back on positive Chinese data and as the Bank of Japan meets for the first time with new governor Haruhiko Kuroda. This follows on from a solid US trading session yesterday which saw New York’s Dow Jones and S&P 500 share indexes reach new all time highs.

Yesterdays rally came about after the US Department of Commerce reported that new orders for manufactured goods increased 3% for February, surpassing market expectations. Helping push the shares to levels that means the Dow has more than doubled in value since it plummeted to less than 6,550 in the heart of the global debt crisis in March 2009 was news that car manufacturers Ford, General Motors, and Chrysler reported solid monthly sales performances in the US.

China’s official purchasing managers’ index (PMI) for the services sector rose to 55.6 in March from 54.5 in February. The bullish number was aided by increased construction activity with the National Bureau of Statistics in China reporting that the construction index rose 4.5 points from February to 62.5 for March.

Stocks

Asian stocks were mixed to higher in overnight trading with Japan’s Nikkei 225 up 2.23% as the BoJ meets to discuss monetary policy. China’s Shanghai Composite added 0.05% on the back of the positive Chinese PMI. South Korea’s Kospi fell 0.68% as tensions between North and South Korea appear to be escalating on a daily basis.

Yesterday saw the Dow in the US to climb 89 points, to close at 14,662, after an earlier intra-day high at 14,684, The previous record high was 14,285 which was set last month. The S&P 500 ended yesterday’s session finishing at a record high of 1,570.

Currencies

Following on from yesterdays lackluster Asian trading session in the currency markets, it was a similar story again today with little movement seen in the currency markets. The GBP continued to decline after taking a hammering in yesterday’s European session, although declines were limited in Asian trading to a 0.04% fall against the Euro and a 0.12% decline against the USD. The Greenback was mostly higher in Asian trading, up 0.09% against the Euro and up 0.11% against the JPY

Commodities

heavy profit taking and a strengthening USD helped push the prices down in the precious metals market. Gold was down 0.54% and Silver fell 0.99% as investors cashed in recent gains. Crude Oil was 0.55% lower on rumors that for release on Wednesday’s inventory data due is set to reveal rising stockpiles.

Today’s Outlook

Today can be expected to be another busy day like yesterday for binary traders. Four Federal Reserve Presidents are scheduled to speak in the US today whilst key ADP employment change and ISM non-manufacturing reports are released too. Rumored rises in Crude Oil inventories also released in the US will drive Oil trading and should be closely watched, as should the Eurozone CPI release in the morning.

 

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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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Nikkei Rises Again, Asian Stocks Down

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Binary Options News : March 7, 2013

binary options news caricature president barack obama works hard and plays hardNikkei Rises Again, Asian Stocks Down

Asian stocks fell in overnight trading, reversing two days of gains as investors await the implementation of monetary policies by different central banks from all across the world.

Yesterday saw the release of ADP nonfarm payrolls data in the US. This key indicator increased by a seasonally adjusted figure of 198,000 for February, beating expectations for an increase of 170,000. It also pleased the markets that the previous month’s figure was revised up to an increase of 215,000 from the previously reported increase of 192,000.

Generally the markets were mixed and cautious in overnight Asian trading as investors wait for news from the central banks due at various points during the day. The Bank of England and the Bank of Japan are to hold policy setting meetings today whilst the Bank Of Canada is widely expected to keep rates on hold at 1.00% when it meets later in the day. Investor sentiment kept cautious before the European Central Bank’s policy meeting later today too amidst growing concerns that President Mario Draghi may indicate possible rate cuts for the not so distant future.

Stocks

Japan’s Nikkei 225 increased 0.3% ahead of the concluding part of the Bank of Japan’s 2 day meeting. Australia’s S&P/ASX 200 Index dropped 0.4% on the release of a report showing Australia’s trade deficit widened more than had been expected. South Korea’s Kospi fell 0.84% on weakness in Samsung shares. The Dow Jones in the US hit another all time high yesterday in the US trading session.

Currencies

The GBP took another pounding in Asian trading. Having been the best performing major currency in 2012, the GBP has suffered as the UK enters a triple dip recession and found itself under more pressure last – down 0.37% against the EUR and down 0.26% against the USD. The USD/JPY was 0.18% lower ahead of the conclusion of the 2 day BoJ meeting, whilst the USD generally made gains on the positive Jobs data released yesterday in the US.

Commodities

Crude Oil was once again moderately lower as markets await news from Venezuela and who will replace Chavez – Crude Oil was 0.07% down. Gold and Silver both made gains ahead of central bank meetings later today with both rising 0.4% at time of writing. Natural Gas rose once again after falling on supply data yesterday, with Natural Gas up 0.4% too.

Today’s Outlook

Despite investor caution ahead of key central bank meetings, today is filled with key economic releases including German factory orders and US jobless claims. All of which should drive markets in what promises to be a strong day of volatility and priofitibility for binary traders

 

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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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Stocks Continue Climb as Chavez Dies and Dow Hits High

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Binary Options News : March 6, 2013

binary options news cartoon hugo hugo chavez dies and djia record high closeStocks Continue Climb as Chavez Dies and Dow Hits High

Asian stocks continued where US and EU stocks left off yesterday and rose again in overnight trading, after New York’s main Dow Jones share index hit a record all time high. Equity markets across the globe have recently been boosted by central bank attempts or speculation to inject some economic growth into the economies by pumping cash into their financial systems. This has helped ease concerns over of political problems such as in Greece and slower corporate profit growth seen in Japan.

Yesterday saw the Dow Jones close at 14,256 – ending the day more than double its low of 6,547 recorded in March 2009 and it no means that the US indexes have now erased the losses caused by the global financial crisis.

The other big news hitting the markets, is the death of Venezuelan President Hugo Chavez aged 58. The oil rich country – home to the largest oil reserves in the world, as much as 256 billion barrels – has not come anyway near to fully exploiting its energy industry, with traders now turning their attention as to what happens in Venezuela over the next few days.

Stocks

It has been a good few trading sessions for the various global stock markets with record highs seen in the US – buoyed by services sector growth and indications of a recovery in the US housing market seen over the past few months. The Nikkei 225 of Japan closing 2.11% higher, hitting its highest levels since September of 2008. in Europe, the Dax closed closed up 2.32% and London’s FTSE 100 closed on a 5 year high.

Currencies

The USD bore the brunt of risk on sentiment by investors; inspired by the strong economic data and large rises in stocks. The USD as down against many of its counterparts. The renewed risk appetite saw the AUD/USD being the largest mover in Asian markets – up 0.23%. As European markets neared opening, the USD began to rally a little, reversing some losses and was up 0.03% against the JPY.

Commodities

The death of Hugo Chavez, President of Venezuela, Latin America’s largest oil producer and owner of the largest oil reserves in the world had surprisingly little effect upon the Crude Oil Markets, which at time of writing were up 0.02%, trading at 90.83 a barrel. Natural Gas extended gains on cold weather forecasts and was up 0.40%. Gold and Silver gained on a weakened USD and general Bullish sentiment.

Today’s Outlook

The UK and the GBP takes centre stage this morning with BoE Gov King Speaking and its Halifax House Price Index. ADP Nonfarm Employment Change in the US followed by the Interest Rate Decision for Canada all should contribute to what will be a lively day for binary traders.

 

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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 Rise, Nikkei at 4 1/2 Year High

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Binary Options News : March 5, 2013

webcomic of the pressing of a big red panic button with JPY and EUR symbols in the background, from the binary options news of march 5, 2013Asian Stocks Rise, Nikkei at 4 1/2 Year High

Asian stocks continued their two day advance as expectations grow for aggressive monetary easing policies to come from the Bank of Japan. The newly nominated Haruhiko Kuroda, has made promises to make more aggressive monetary moves to hit the 2% inflation target rate, sending Japanese stocks higher for a second day.

It wasnt just the Nikkei that surged, Asian stocks rose for a second consecutive day on the back of the Chinese National People’s Congress which left its economic growth target for the year unchanged at 7.5% and set a lower inflation goal of 3.5%. 2012 saw an economic expansion of 7.8% in the world’s second largest economy, its weakest performance in 13 years and analysts had feared that asset bubbles were beginning to form in the Chinese economy. Only last week, Beijing announced more plans to temper the booming property market.

In Australia overnight, the Reserve Bank of Australia kept its benchmark interest rate unchanged at its record low for March, but maintained that the door was open for cuts in the future.

Stocks

Japan’s Nikkei 225 hit a four and a half year high on the back of easing talk and closed 0.27% higher. Australia’s ASX/200 Index ended up 1.3% higher on its interest rate decision and flexibility on the future, ending just short of the 4 and a half year high reached last week. Hong Kong’s Hang Seng Index increased 0.14% following on from the NPC in China.

Currencies

The AUD and the JPY were the biggest movers in the currency markets in overnight trading. The AUD/USD was up 0.47% on the back of the RBA interest rate decision and a rise in commodities. The Aussie is a commodity linked currency and generally enjoys gains when commodity prices rise. The other big mover in the markets was the USD/JPY – down 0.39% on BoJ easing talk. The USD was generally down against other currencies as investors moved out of safe haven USD positions.

Commodities

Having seen falls this week, Crude Oil traded higher – up 0.49% as traders took advantage of recent falls in price and the weakened USD. Gold and Silver also made gains and found some safe haven status of its own for traders with Gold rising 0.52% and Silver rising 1.51%. Natural Gas extended gains made earlier and rose by 1.23% as unexpected cold weather hits the eastern side of the US.

Today’s Outlook

High volume trading seen in Asia should spill out into European markets despite concerns over political instability in Italy and a sense of caution engulfing markets ahead of the upcoming European Central Bank policy meeting. Today will see the release of revised data on service sector activity and official data on retail sales in the Eurozone, which should be closely followed and later in the US the Institute of Supply Management is to release a report on service sector activity.

 

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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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