Category Archives: Japan

Nikkei Boosted By Strong Exports

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Binary Options News : June 19, 2013

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Nikkei Boosted By Strong Exports

Despite many investors adopting a wait and see attitude towards trading ahead of the conclusion of a key two day Federal reserve policy meeting, there was plenty of high volatility in Asian markets, as other investors reacted to strong data from Japan, or took up positions in readiness for the Bernanke press conference later in the day.

Asian stocks were generally mixed to higher, lead by Japan’s Nikkei 225, which rose by nearly 2% on news that Japanese exports jumped 10.1% from the previous year, showing a strong indication that Prime Minister Shinzo Abe’s plan to revive the Japanese economy – the world’s third largest – appears to be working. This was the highest export rise since 2010 and despite a trade balance deficit of 993.9 billion yen, Shipments picked up in key markets, such as the US – up 16.3%and China up – 8.3%.

Stocks

The caution in the market was not see in Japan with Japan’s Nikkei 225 ending the session 1.98% higher on the export news. Australia’s ASX /200 Index closed 1% higher as gains in mining stocks boosted the Australian exchange. However, for much of the rest of Asian markets, there were pre-fed losses with Hong Kong’s Hang Seng Index 0.39% lower.

Currencies

Pre Fred caution meant many investors moving out of the USD which was lower against most of counterparts without any real significant declines. The Fed focus saw the USD fall 0.09% against the EUR, 0.04% against the GBP, 0.04% against the AUD and 0.19% against the JPY. The US Dollar index was down 0.10%.

Commodities

The weakened USD and Fed focus helped push Gold up 0.06% whilst profit taking in Silver saw a decline of 0.23%. Crude Oil extended gains, rising 0.47% in Asian trading as an escalating Middle East conflict and inventory data pushed the price ever closer to the $100 a barrel mark, and was currently $99.13.

Today’s Outlook

European indices indicate a higher opening this morning with most attention turning towards the US press conference at the end of a two day policy meeting held by Ben Bernanke and the US Federal Reserve. Keen eyed binary traders will also look for the Monetary Policy Meeting Minutes released in the UK and the outcome of a German 10 year debt auction to inspire increased 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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BoJ Monetary Policy Announcement Fails To Inspire

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Binary Options News : June 11, 2013

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BoJ Monetary Policy Announcement Fails To Inspire

Asian stocks were broadly lower in overnight trading as the Bank of Japan kept its policy unchanged refraining from extending the duration of the loans made to lenders to keep bond market volatility at an even keel. This went against many analysts predictions and sent the Japanese Yen higher against the US Dollar and the Nikkei 225 down, whilst the greenback continued its rise against Asian currencies, following on from yesterday’s Standard & Poor’s upgrade of its ratings outlook for the US; citing the US’s strong economic performance as the reason for taking the rating to stable from negative. S&P made the downgrade on the US credit rating a single notch from the AAA rating to the AA+ rating, in August of 2011. However, it now believes that more downgrades are less probable as the world’s largest economy continues to show strong signs of recovery, saying ” its resilient economy, its monetary credibility, and the US dollar’s status as the world’s key reserve currency”

Stocks

Asian stocks were lower with Japan’s Nikkei 225 leading the declines, falling 1.29% at time of writing, with the declines gathering pace as the Asian session nears closing. South Korea’s Kospi Composite Index declined 0.78%, as its largest player Samsung Electronics fell nearly 3% on concerns the latest Galaxy smartphone is not selling as well as expected. Australia’s S & P market opened after a national holiday yesterday and gained 0.3% as it reacted to Friday’s US Jobs report, whilst Chinese markets remain closed as part of a three day holiday.

Currencies

The rise in fortunes for the USD against Asian currencies continued with the Indian Rupee weakening to a record low against the USD. The greenback did make gains against the AUD – up 0.59%, but found itself down against the EUR – 0.09%, the GBP – 0.07% and the JPY – down 0.51% as the Asian currency markets started sluggish but attracted more investment as the trading session continued.

Commodities

Profit taking and bargain hunting dominated the commodity markets as yesterday’s gains in the metals markets look set to be reversed. Gold was down 0.25%, Silver fell 0.55%, whilst Copper dropped 0.13%. Crude Oil fell 0.09% on soft Chinese data whilst yesterday’s gains in Natural Gas were cancelled on warm weather reports and was down 0.47%

Today’s Outlook

The GBP/USD comes into strong focus today with key manufacturing and industrial production figures released in the UK this upcoming morning. Improvement to figures are expected which should provide a boost to the GBP. Following on from decent housing data in the UK, the release of positive UK data could finally drive the GBP/USD to around the 1.56 level.

 

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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 Higher on Japanese GDP

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Binary Options News : June 10, 2013

Asian Stocks Higher on Japanese GDP

After last weeks highly anticipated week of volatility, this week’s trading begun in similar volatile fashion with Asian stocks rising for their largest rally in three weeks as Japan – the world’s third largest economy – revised its growth numbers higher for the first three months of this year.

Following a series of aggressive monetary policy moves geared towards weakening the Japanese Yen and spurring growth in the economy. The Japanese economy grew 1% between January and March, higher than the initial market estimates of 0.9% quarterly growth with an an annual growth of 4.1% it was reported beating market expectations for 3.5% growth reading.

Traders in Asia were left generally unimpressed with Japanese Prime Minister Shinzo Abe’s attempts to boost the Japanese economy by bolstering Japanese incomes. So the upward GDP revision appears to have heartened Japanese bulls with a large spike as seen in the Nikkei 225.

Stocks

Leading the rise was the Japanese Nikkei 225 – up 3.86% on the positive GDP figures released this morning. The Shanghai Composite is closed for a public holiday today in China, but Hong Kong’s Hang Seng gained 0.44%on the publication of some key Chinese data points over the weekend. South Korea’s Kospi Index gained 0.32% whilst Australia’s S & P Index is also closed for a national holiday.

Currencies

In relatively stable currency markets, the USD was higher against most of its major counterparts with gains of 0.19% and 0.15% against the EUR and GBP respectively. The Japanese GDP figures inspired a 0.77% rise against the JPY, whilst the Chinese data helped send the Aussie 0.82% down against the USD, as China is Australia’s largest trading partner.

Commodities

The strengthened USD kept the bottom feeders in check, taking advantage of last weeks heavy falls in the commodity markets. Crude Oil continued to rise on the US jobs data and gained 0.16% in Asian trading whilst Gold gained 0.16% and Silver rose by 0.01% as investors took a bullish attitude and nicely priced positions. Natural Gas rose 0.17% as investors looked past supply data.

Today’s Outlook

The release of important data throughout the European and US trading sessions today, including French and Italian production figures and FOMC Bullard speaking should keep momentum in the markets moving with strong volatility expected to continue into this week too.

 

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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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Rising Yen Hits Stocks

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Binary Options News : May 30, 2013

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Rising Yen Hits Stocks

Asian stocks were lower last night, ending a small run of gains, following on the Japanese Yen trading a near 3 week high as the regional benchmark index heads towards for its first monthly decline for 7 months.

The Japanese Nikkei 225 appeared to be in free fall overnight, as the JPY rose 0.38% against the USD, making exports more expensive for Japanese companies and sending its stock market down 4.02% at time of writing, leading the falls in the Asian markets.

The risk on sentiment that was inspired by positive data from the US was all but reversed as yesterday, the OECD which represents 34 advanced economies, said in its twice-yearly Economic Outlook, the OECD said prolonged economic weakness throughout the Eurozone and Europe may harm the global economy. OECD Secretary General Angel Gurria: said “The situation remains particularly fragile in Europe” and called the European Central Bank to think about doing more to stimulate growth.

Stocks

The rally in stocks ended in Asia last night as fears of a rising Yen set off alarm bells for traders who gained on the recent large stock increases. Yesterday saw heavy falls for European Indices with the UK’s FTSE 100 falling 2% and Germany’s DAX falling 1.7%. Australia’s S & P Index fell 1.26% as its financials and mining shares traded lower. Hong Kong’s Hang Seng was down 0.89% and the Chinese Shanghai Composite dropped 0.61% after the International Monetary Fund reduced its growth forecast for China to 7.75% from 8%, whilst the OECD reduced its growth outlook for the worlds second largest economy to 7.8% from 8.5%.

Currencies

The USD traded mostly lower in Asian markets, with the notable exception of against the JPY, which the USD was up 0.45% despite fears that Japan’s massive quantitative easing program is not yet showing signs of wiping out deflation and on the BoJ comments. The USD found itself under pressure as investors cashed in on recent gains with overnight falls of 0.29% against the EUR and 0.33% against the GBP. The Aussie also gained 0.57% against the Greenback as profit taking fueled the currency markets.

Commodities

The fall in the US Dollar and the movement away from the stock markets saw some much needed gains in the commodity markets. Gold and Silver both made gains with Gold up 0.82% and Silver rising 0.43%, both aided by an increase in physical demand from China. Crude Oil was unchanged as a weaker USD balanced out lower demand concerns.

Today’s Outlook

A raft of key market driving data is released this morning when European markets including Swiss and Spanish GDP, Italian PPI and Euro PMI. Contractions are expected which may add pressure to the recent rally in the EUR. Later US GDP and and Jobless claims should be watched as key indicators of economic recovery in 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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Asian Stocks At 5 Year High

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Binary Options News : May 22, 2013

marissa mayer cartoon from optionsclick binary options news of 5.22.2013Asian Stocks At 5 Year High

Asian Stocks headed for their highest closing since before the financial crash of 2008, as the Bank of Japan confirmed that it will expand the supply of money in the Japanese economy – the world’s third largest – by 60 to 70 trillion Yen (JPY) a year, as per the pledge made in April. Japan’s Finance Ministry announced that the country’s trade deficit widened to a much larger than expected figure of 879.9 billion Yen for April. Whilst exports increased 3.8% to 5.78 trillion Yen, imports also increased, rising 9.4% to 6.66 trillion Yen. The April deficit now makes it the tenth consecutive monthly trade deficit as the weaker JPY increased the cost of imports more than it boosted exports.

As many investors await the comments by Fed Reserve Chairman Ben Bernanke later today, it was the BoJ driving markets forward in an otherwise low volume start to the Asian trading session with little movement seen in the currency markets. Shares yesterday, closed at an all time high in the US as Federal Reserve officials appeared to encourage investors to believe that the Fed will continue to support the world’s largest economy with its bond purchasing program, something many had feared the Fed would reign in.

Stocks

Yesterday saw The Dow Jones increase 0.34% to a record close, The S&P 500 index rose 0.17% to 1,669.16, also to a record close whilst the Nasdaq increased 0.16% to 3,502.12 , its highest finish since October 2000. Overnight, Japan’s Nikkei 225 gained 1.79%, Hong Kong’s Hang Seng was 0.01% higher whilst the Shanghai Composite was 0.02% higher.

Currencies

The US Dollar was mixed to lower ahead of the Bernanke testimony later today – 0.07% lower against the EUR, but 0.07% higher against the JPY. The only real significant movement was seen in the AUD/USD – down 0.28% as shares in Australian mining companies and continued declines in the commodity markets hurt the Aussie.

Commodities

The mixed fortunes in the commodity markets continued with Crude Oil falling during the Asian trading session following the release of weekly inventory data from the American Petroleum Institute. Gold was 0.01% lower whilst Silver gained 0.09% amid investor uncertainty leading up to the latest Bernanke testimony.

Today’s Outlook

Key retail data from the UK will be released in the morning and will be closely followed. The GBP has been the worst performing currency of 2013 and further disappointing figures from the UK will continue to pressure the GBP. German 10 year debt auctions are followed by Canadian retail figures and the all important Ben Bernanke testimony in the US later in the day, making today a potentially strong 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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