Category Archives: World

USD/JPY Breaks 100 Mark

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Binary Options News : May 12, 2013

nawaz sharif caricature from may 9, 2013

USD/JPY Breaks 100 Mark

Friday’s trading was dominated by the markets reaction to a better than expected jobs report from the US and the USD/JPY breaking the 100 dollar mark for the first time since April 2009. The USD advanced after a speech made by Fed Chairman by Ben Bernanke on Thursday in which he failed to say anything that implied that the Federal Reserve will re enter the currency war by boosting stimulus or generally talking down the USD. Recently, we have seen the USD soar against all of the major currencies and close the week at a 4 year high against the JPY, a 1 month high against both the EUR and the NZD, a 10 month high against the AUD and an 8 month high against the CHF.

Thursday saw the US Department of Labor reporting that the number of initial jobless claims in the U.S. last week dropped 4,000 to 323,000, beating the expected increase of 8,000 to 335,000, and coming just days after the April jobs report in the US easily surpassed market expectations.

Stocks

Whilst the USD soared, Stocks in the US joined the indices of Europe and Asia and closed Friday with gains. The fact that the Fed confirmed they are in no rush to stop or change its monthly $85 billion bond purchasing program, which boosts stocks rising as a side result. Europe saw France’s CAC 40 close 0.64% higher, Germany’s DAX 30 close 0.19% higher and the U.K.’s FTSE 100 finish up 0.49% as talk of green shoots in the UK economy boosted the UK stocks. Close of trading in the US on Friday saw the Dow Jones Industrial Average finish 0.24% higher, the S&P 500 index advance 0.43%, and the Nasdaq Composite index close 0.80% higher.

Currencies

The USD enjoyed healthy gains against all its counterparts as softer than European data an better than expected US data sent the greenback to new highs. The EUR/USD was down 0.40%, the GBP/USD hit a 2 week low – down 0.55%, whilst the USD/JPY, having broken the 100 mark for the first time in 4 years, closed up 0.99% at 101.62. Against its Canadian and Australian cousins the USD gained 0.39% and 0.69% respectively.

Commodities

The strengthened USD and some strong profit taking meant prices fell in the commodity markets. Gold dropped 1.49% whilst Silver fell 0.34% as investors cashed in on recent gains made earlier in the week. Natural Gas continues its slide as supply data and warm weather forecasts saw its price fall 2.02%. Soft supply data, as well as the strong USD helped push Crude Oil down 0.47% to 95.84 a barrel. Chinese growth optimism backed by some healthy enough manufacturing data in the world’s second largest economy helped boost Copper prices, closing up 1.33% on Friday and bucking the declining commodities trend.

 

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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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Chinese Data Hits Global Growth Fears

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Binary Options News : April 15, 2013

Chinese Data Hits Global Growth Fears

Asian stocks fell and the commodity markets continued Friday’s heavy falls, as China’s first quarter GDP report fell short of analysts’ estimates disappointing markets that were already reeling from the weaker than expected sales and consumer spending data that came from the US on Friday.

Gross Domestic Product in the world’s second largest economy increased 7.7% in the first quarter on a year on year basis, but fell short of the 8% forecast. Also falling short of analysts expectations for industrial production, which increased 8.9% last month but fell short of the 10% forecast after February registered a 9.9% rise. Even Chinese retail sales, which increased 12.4% for Q1 disappointed markets, as the figure is 2.4% than the same time last year.

The weak Chinese data compounded Friday’s market sentiment already showing concerns over Global growth. The US – the world’s largest economy which is 70% consumer driven, posted weak consumer and retail data heightening global growth worries and today’s data released in the world second largest economy has sent investors to the safe haven of the USD.

Stocks

Japan’s Nikkei 225 is down 0.87%, having staged a rally back from 1.21% down .Hong Kong’s Hang Seng was 1.37% lower whilst the Shanghai Composite dropped 0.64% on the Chinese data releases. Australia’s S&P/ASX 200 dropped 0.97% as China is Australia’s biggest trading partner and the plummeting commodity markets hit Australian mining company’s hard.

Currencies

As with late trading on Friday, the USD was the go to investment for Asian traders looking for a safe haven from falling stocks and plummeting commodities. The EUR/USD was down 0.25%, the GBP/USD down 0.1% whilst the Greenback registered large gains against the commodity linked currencies of the AUD – down 0.55% and the CAD – down 0.50% against the USD.

Commodities

The sell off in commodities continued Gold hitting technical selling points and falling 3.19%, whilst the other precious metal fell 5.99%. Crude Oil dropped 2.55% on the Venezuelan presidential election results, with the more capitalistic Caprilles being defeated by the Maduro – who promised more of the Chavez same.

Today’s Outlook

Despite a slight rally in late Asian trading, European stocks indicate a lower opening as the markets react to the release of the Chinese data. Despite a relatively quiet day on the economic calendar with only European trade balances exciting traders, expect a strong volatile day ahead with plenty of Binary options trading opportunities.

 

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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 Jobs Disappoints Markets

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Binary Options News : April 7, 2013

obama explains the icbm test delay

US Jobs Dissatisfies Markets

The release of disappointing jobs data in the US, ended the trading week on a low with US stocks falling on the dismal data reported on a day which also saw Japan’s Nikkei 225 reach its highest level since 2008.

The strength of the US economy – the world’s largest economy – came under question on Friday as the Bureau of Labor Statistics in the US reported that the US economy added 88,000 non-farm payrolls for March, much lower than the expected gain of 200,000 and far below the 268,000 jobs figure added in the previous month. A large fall in retail employment was a key reason behind the disappointing number of jobs in creation, with 24,000 jobs being lost in that sector for March. The total number of unemployment people for March in the US stood at 11.7 million.

The figure of 88,000 is 50% the level seen over the previous six months, and has prompted discussion that the Fed’s spending cuts, which came into play in the beginning of March, have already had an effect upon confidence among businesses in the US and the number of people they are hiring. The numbers helped reignite talk that the Federal Reserve will keep stimulus programs going pushing up stock prices as a side result

Elsewhere over the weekend, tensions continue to mount between North and South Korea, although the US has delayed some missile testing it had planned, citing a need not to inflame tensions any further.

Stocks

The close of U.S. trading saw the Dow Jones Industrial Average close 0.38% lower, the S&P 500 index dropped 0.43%, whilst the Nasdaq Composite index finished 0.65% lower. However, it was Japan’s Nikkei 225 which stole the headlines in the stock markets, closing up 1.58%t 12,833.64, having climbed as much as 4.7%, to take it to its highest levels since 2008. This came about after the BoJ announced an aggressive stimulus plan that has raised hope of economic revival in the world’s 2nd largest economy.

Currencies

The US Jobs data dominated markets on Friday afternoon, with the USD suffering falls on the disappointing jobs report. The US Dollar index which measures the greenback against a basket of 6 weighted currencies closed 0.21% lower with the USD down 0.53% against the EUR, down 0.73% against the GBP and down 0,62% against the CHF. In Cable the GBP hit a 6 week high on the jobs data as the British Pound reversed some of the large losses it had experienced during the week.

Commodities

The US Jobs data release had a major impact upon the commodity markets with precious metals rising as a hedge against the weakened US economy and Natural Gas prices soaring nearly 5% as cold weather hits the US and Europe again. Gold climbed 1.82% and Silver rose 1.85% as investors moved out of the USD as a safe haven and into the precious metals. Crude Oil was down 0,26% as fears over the US economic revival worried markets.

 

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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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Stocks Up After G20 Meeting

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Binary Options News : February 18, 2013

binary options news caricature pope benedict xvi resignsStocks Up After G20 Meeting

Asian stocks made gains after the G20 meeting concluded in Moscow with no tackling of the first currency war since the 1930′s and no singling out Japan for punishment for weakening the Yen. There was a rally in the Japanese shares in particular as the JPY fell against all of its major currency pairs after the G20 refused to censure the policies implemented by Japan in order to weaken the Yen. This allows the world’s third largest economy to continue its asset buying program having officially delayed it until the beginning of 2014.

Stocks

The Nikkei 225 in Japan was the star of the Asian markets this morning, climbing 2.09% higher after it was indicated by the G20 officials that Japan could continue its policy of weakening the Yen to make exports cheaper. Australia’s S&P/ASX 200 Index rose by 0.5% before Tuesday’s release of minutes from the Reserve Bank of Australia’s latest meeting. Having been closed all week because of the Lunar New Year, the Shanghai Composite reopened and was 0.61% higher. Fueling gains for the Shanghai composite was the news that there was a record number of travelers in China, boosting leisure and travel shares. South Korea’s Kospi dropped 0.23% as the weakened Yen concerned South Korean exporters

Currencies

The EUR/USD was down 0.16% and trading near to a 3 week low as pressure from poor data on Friday continued to weigh upon the single currency. The weak data which included a Q4 GDP contraction of 0.6%, disappointing markets who expected a 0.4% decline. The USD continued its ascent against the JPY, this time rising 0.62%. The USD also continued its go to status as the safe haven asset with the G20 meeting doing little to discourage that. The USD was 0.21% up against the GBP and 0.22% up against the Swissie.

Commodities

The commodity markets enjoyed a mixed opening, which despite the strengthened USD for the third trading session in a row, saw gains in Gold – up 0.36% and Silver – up 0.56%. Crude fell 0.31% in a reduction in supply and presidential elections in Ecuador.commodity markets

Today’s outlook

Despite a day of holiday in both the US and in Canada, ECB President Draghi’s speech later in the day would be closely followed as is expected to have an impact upon markets which even though have a slow day on the economic calendar front, are being driven by investor moves into the USD.

 

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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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