Category Archives: US

USD Higher and Asian Stocks Lower As Fed Meets

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Binary Options News : June 18, 2013

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USD Higher and Asian Stocks Lower As Fed Meets

There was slow trading in Asia overnight as low volumes and cautious investors anticipated today’s start of a two day policy meeting held by the Federal Reserve where the monetary policy of the world’s largest economy comes under the spotlight.

Helping push Asian equities lower was China’s National Bureau of Statistics reporting that new home prices in the world’s second largest economy grew 6% in May but is seen as reducing the chances of an interest rate cut and limiting the scope for monetary easing policies for China, which is looking to fight off a property bubble. House prices increased on a yearly basis in 69 out of 70 major Chinese cities

Stocks

Asian stocks were lower as led by cautious trading and some disappointing data results in Asia. Australia’s S&P/ASX 200 Index fell 1.21% on the release of minutes from the Reserve Bank of Australia’s most recent meeting which offered scope for further easing. The Chinese Shanghai Composite dropped 0.56% after the Home prices data was released, with Hong Kong’s Hang Seng Index falling 0.59%. Japan’s Nikkei 225 fell 0.69% despite the JPY trading lower against the USD.

Currencies

In tentative trading ahead of the key Fed Res meeting the USD was generally higher against its major pairings. The USD/JPY was 0.37% higher and the AUD/USD was 0.29% lower after the release of the RBA minutes. The EUR/USD was 0.11% lower whilst the GBP/USD was 0.20% lower, pulling back from its near 4 month high seen yesterday. The US Dollar index which tracks the greenback against a basket of 6 weighted currencies, was 0.11% higher.

Commodities

In mixed and cautious trading in the commodity markets, gold dropped 0.23% and Silver fell 0.12% ahead of the Fed meeting. Crude Oil extended its gains, flirting with 2013 highs and hitting a 9 month high as Middle East concerns helped push prices of Crude Oil up 0.17%. Natural gas pulled back from the 3% rally caused on warmer weather forecasts and was 0.26% down.

Today’s Outlook

UK CPI and PPR data dominate the mornings’ economic calendar along with German ZEW economic sentiment. Better than expected data from the UK should boost the GBP, whilst attention turns to the US for CPI and Housing data in the afternoon making the day a potentially volatile day in European and US trading with investors taking up positions ahead of the key Fed Reserve meeting beginning 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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Asian Stocks Higher Pre-Fed Meeting

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Binary Options News : June 17, 2013

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Asian Stocks Higher Pre-Fed Meeting

The new trading week began in Asia with rises in its stocks and indices after suffering at the hands of a bear market last week. With many traders looking ahead to the key two day policy meeting held by the Federal Reserve where the stimulus policies of $85 billion a month of asset purchasing, have come more and more into the spotlight.

Traders are showing caution ahead of the FOMC announcement and press conference this coming Wednesday with Ben Bernanke expected to calm the markets from the fear that the Fed will withdraw or taper its stimulus policies before the US economy – the world’s largest economy – can gather sustainable momentum. Traders showing caution meant Asian stocks increased and the Japanese Yen pulled back from its largest weekly advance in nearly four years, in a low volume but still relatively volatile trading session which bodes well for Binary Options traders.

Stocks

After the bear market of last week, Japan’s Nikkei 225 started the week with a 2.01% increase whilst Hong Kong’s Hang Seng Index rose by 1.24%. Australia’s S&P/ASX 200 Index reversed earlier moderate session losses attributed to disappointing new vehicle sales reported by the Australian Bureau of Statistics , to be 0.07% higher. After consumer confidence hit a three high in New Zealand, the NZSE 50 increased 0.26%.

Currencies

The USD enjoyed healthy gains in Asian trading , rising 0.55% against the JPY after the release of the Japanese tertiary industry activity index figures which remained unchanged at a seasonally adjusted rate of 0.0% in May after recording a 1.3% decline in April. Despite the flat auto sales in Australia, the AUD gained 0.44% against the USD, whilst the USD was 0.17% lower against the CAD and 0.07% higher against the GBP

Commodities

It was mixed trading in the commodity markets as cautious traders waited for the Fed outcome, whilst some locked in profits. Gold, the traditional hedge to inflation was 0.07% higher, but Silver recorded a 0.15% decline. Crude Oil fell 0.44% as the Iranian elections eased tensions in the Middle East to some degree.

Today’s Outlook

Italian and European trade balance figures dominate a quiet economic calendar today but a volatile Asian trading session despite low volumes could well be repeated when European markets open as investors react to last week’s big swings in trade and take up / move out of positions ahead of this weeks key Federal Reserve meeting.

 

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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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Central Bank Talk Dominates Markets

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Binary Options News : June 16, 2013

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Central Bank Talk Dominates Markets

The end of the trading week saw US stocks close lower for the third time in four weeks over lingering worries over when global central banks will begin to cut or withdraw their various stimulus policies. Heightened by the BoJ decision earlier during the week to leave monetary policy unchanged, the release of mixed data on Friday prompted investors to stay clear of the equities markets, at least until the Federal Reserve of America offers more of an indication as to when, not if, its stimulus measures, which include $85 billion of monthly asset purchasing may start to unwind.

At the end of another volatile trading week which offered plenty of profit opportunities to the binary options trader, the US producer price index increased 0.5% for May, surpassing expectations for a 0.1% increase after a 0.7% decline had been recorded in the previous month. However, the Federal Reserve also reported that industrial production stayed the same for May, after analysts expected a 0.2% increase

Helping keeping stocks in the US in check was weaker than expected consumer sentiment data from the Thomson Reuters/University of Michigan’s preliminary consumer sentiment index which showed a fall to 82.7 for June from the 84.5 recorded in May. This came after analysts had forecast the consumer sentiment index reading to stay unchanged at 84.5.

Stocks

The close of US trading saw the Dow Jones Industrial Average close 0.70% lower, the S&P 500 index finish 0.59% down, whilst the Nasdaq Composite index closed 0.63% lower. In Europe, stocks finished broadly higher with France’s CAC 40 closing 0.19% higher Germany’s DAX 30 closing 0.40% higher . and the FTSE 100 finishing up 0.06%.

Currencies

The USD finished mixed to higher on the US data and the minutes from the BoJ meeting. The USD/JPY closed 1.26% down, whilst the greenback was higher against the EUR – up 0.24%, the GBP – up 0.10%, the AUD – up 0.69% and the CAD – up 0.18%. The soft consumer sentiment data released on Friday adding to already growing uncertainty as to when the Federal Reserve will begin to change its stimulus policy ahead of a key Fed Reserve meeting later this week

Commodities

There were strong gains in the price of Crude Oil, as Middle East uncertainty helped push Crude Oil up 1.19%. Gold and Silver both benefited from investor moves away from stocks and gained 0.89% and 1.99% respectively, whilst traders locking in profits on Natural Gas helped push the price down 1.85% on Friday.

 

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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 Soar and Metals Plummet on US Jobs

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Binary Options News : June 9, 2013

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Stocks Soar and Metals Plummet on US Jobs

The end of the trading week saw US stocks make strong gains and the metals market making heavy falls as US employment increased by more than had been expected by economists during the month of May.

The largest economy in the world – the U.S. economy – added 175,000 jobs for May, surpassing market expectations for a 170,000 increase following on from the 149,000 jobs that were created in April. The headline US unemployment rate increased to 7.6% in May – approx 11.8 million people, up from the 7.5% recorded in the previous month as more people entered the job market, which pleased the markets.

The figures released for May makes it the third consecutive month that non-farm payrolls have increased by less than 200,000, heightening concerns that the US’s policies of austerity may be harming its economy. The number of long term unemployed in the US – those that have been jobless for 27 weeks or more remained unchanged at 4.4 million accounting for 37.3% of the total unemployed. Whilst the May jobs report provided a strong indication that the US economy is improving, the much anticipated recovery won’t be strong enough most likely to force the Federal Reserve to reduce or stop altogether its $85 billion a month asset purchasing stimulus programs which provides a double win for the US stock markets.

Stocks

The double win for equities provided by the US jobs figures on Friday was to be seen immediately with as the Dow Jones Industrial Average closed 1.38% higher, the S&P 500 index closed 1.28% higher and the Nasdaq Composite index closed up 1.32%. In Europe, France’s CAC 40 closed up 1.53%, Germany’s DAX 30 closed 1.92% higher and the FTSE 100 closed 1.20% higher.

Currencies

The USD strengthened on the better than expected jobs data from the US, which halted talk of tapering the stimulus policies in place. The USD was up 0.17% on the EUR, up 0.33% against the GBP, up 0.56% against the JPY, 1.16% against the AUD and up 0.71% against the CHF

Commodities

The US Jobs report and the strengthened USD meant heavy falls in the metals markets with Gold and the USD usually trading inversely to each other. gold fell 2.36%, Silver fell 4.95% and Copper dropped 1.55%. There was an upturn in Crude Oil however, as the improved jobs data indicates a stronger economy requiring more Crude Oil – up 1.52% at the close of trade.

 

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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 and USD Higher

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Binary Options News : June 4, 2013

binary options news editorial cartoon intel outside - online since 6.3.2013Asian Stocks and USD Higher

As the USD climbed higher, Asian stocks appear to be heading for their first positive finish in 4 days as South Korea’s won gained the most in over 7 weeks as fears subsided that the Federal Reserve will cut or end its monetary stimulus asset purchasing program.

Yesterday saw the release of manufacturing data across Europe and the US. The Institute of Supply Management’s manufacturing activity index in the US for May fell to its lowest since June 2009, underlining concerns over the economic recovery in the world’s largest economy and easing worries that the Federal Reserve will reduce its $85 billion a month asset purchase program. Although Markit’s PMI index increased to 52.3 in May from 52.1 in April, staying above the 50 mark; The Institute for Supply Management (ISM) reported that its index of manufacturing activity fell to 49 in May from 50.7 in April.

It was, however, a different story in Europe as Markit’s Purchasing Managers’ Index (PMI) for the 17 member state Eurozone manufacturing sector increased to 48.3 in May from April’s 46.7, reaching its highest level in over 15 months. Although the Eurozone powerhouse – Germany saw its PMI figure increase to 49.4, – its highest level for three months, it was the results from two of its most troubled members – Spain and Greece that pleased the markets. both seeing the most dramatic improvements with Spain’s PMI reading of 48.1 at a 2 year high, whilst Greece’s reading of 45.3 was just one month shy of also recording a 2 year high.

Stocks

Japan’s Nikkei 225 rebounded from yesterday’s heavy falls, reversing most of the losses to be 2.24% higher. Australia’s S&P/AS 200 was 0.34% higher as the RBA kept interest rates at their record low.South Korea’s Kospi fell 0.33% as the Won was the best performing emerging currency in Asian markets. The Chinese Shanghai Composite dropped 0.81% as Chinese shares are in the midst of a 4 day sell off.

Currencies

The USD/JPY fell under 100 for the first time in a month, but the USD was still higher against the JOY – up 0.38% and up against most other currencies, reversing losses made yesterday on the weak manufacturing data. The AUD/USD was down 0.4% on the RBA interest rate decision whilst the EUR/USD was down 0.12%.

Commodities

Crude Oil reversed gains made in the US yesterday as profit takers cashed in on yesterday’s rises inspired by stimulus concerns. Crude Oil was down 0.34% and there were also falls for Gold – down 0.18%, Silver – down 0.58% ad Natural Gas – down 0.43% as the strengthened USD aided the sell offs.

Today’s Outlook

The busy volatile trading week that has been predicted, is not letting us traders down. Spanish unemployment, UK Construction and US and Canadian Trade Balance figures all released today, driving markets..whilst traders should also keep watch on FOMC member Fisher speaking later in the day.

 

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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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