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Disappointing Chinese manufacturing data fuels stimulus talk

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Binary Options News : September 3, 2012

binary options news cartoon an apple and a sangsum chairDisappointing Chinese manufacturing data fuels stimulus talk

Disappointing HSBC Manufacturing PMI data released from China Asian added to the increasing speculation that the world’s second largest economy will implement stimulus measures to boost its economy.

Asia

The Chinese HSBC Manufacturing PMI came in at its lowest reading since November 2011, falling for a tenth successive month, now standing at 49.2 with 50 indicating an economy in contraction The data initially sent stocks down but with stimulus talk still in the air following on from Ben Bernanke’s speech at Jackson Hole, Wyoming on Friday, in which he suggested that the Fed may pump more money into the economy via quantitative easing, Asian stocks quickly rebounded only to come into choppy water as the trading session continued

Stocks

After rising over half a percent, the Nikkei is currently only 0.02% the Hang Seng was up 0.51%, valued at 19581.00. Whilst the S&P was 0.15% higher

Currencies

The greenback recovered a little from its losses on Friday. The US Dollar index which measures the greenback against a basket of 6 weighted currencies was 0.04% higher, valued at 81.23. The dollar was mixed against most major currencies – 0.12% against the Yen, but down 0.52% against the commodity linked Aussie, The oil linked CAD was down 0.04% against its American counterpart.

Commodities

Friday saw investors take advantage of the 0.11% against the Yen with Gold posting a 2.23% rise and Silver jumping 4.24%. Today, they both continued to climb with Gold rising 0.25% to trade at 1689.25 troy ounce and Silver again stealing the limelight, rising 1.38%, trading at 31.875

Today’s Outlook

The national holiday in both the US and Canada will mean a lower volume of trade , but the release of Spanish, Swiss and Hungarian PMI releases data to should keep the Euro busy as the European markets (predicted mixed to lower opening) take in the latest Fed intervention speculation.

 

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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.

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Greek Impasse Sends Investors to USD

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binary options news cartoon euroman will never see the greeks exitThe political stalemate in Greece is still pushing investors to the safe haven greenback in Asian trading as the US Dollar index which measures the USD against a basket of 6 weighted currencies was up 0.14%, valued at 81.55. The USD was enjoying a good run, up against all major currencies at the time writing (4.55amGMT), most notably up 0.28%  against its Australian cousin – the commodity linked AUD, now valued before the parity level at 0.9909 and up 0.25% against fellow safe haven currency – the JPY, trading at 80.39.

Yesterday was a mixed day for the Euro. The continuing failure of Greece to form a government that supports austerity reforms fueled global investor concerns that Greece would be forced to leave the 17 member state Eurozone and abandon the Euro. Positive economic data from Europe with GDP and economic sentiment published yesterday saw a spike in the Euro, but as talks continue without a resolution, investor concerns saw a fleeing of the Europe in Asian markets. – The EUR/USD was down 0.13%, trading at 1.2713 and focus will still be very much on Greece throughout the day.

In Japan, core machinery orders dropped 2.8% for March, a little less than the market expectations for a 3.5% drop, but still it was enough to spark selling in equities markets so far in Asian trading. Hong Kong’s Hang Seng Index plummeted 2.54%, Australia’s S&P/ASX200 dropped 1.96%, while Japan’s Nikkei 225 Index declined 1.05%.

Expect some good volatility in the USD/JPY pairing today as the U.S. will release official data on building permits and housing starts later this afternoon, followed by Federal Reserve data on industrial production. Meanwhile in Japan, gross domestic product growth figures will be released. But again, keep an eye out on Greek events to move the 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.

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Stocks Higher On Liquidity Measures

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binary options news caricature dollar euro tradeDespite being a Japanese holiday today with the Nikkei closed for the day, early Asian trading saw stocks rise primarily on recently announced liquidity measures and speculation of forthcoming liquidity measures.

At the end of last week, Japan announced it has increased its stimulus programme for the 2nd time in just over two months, expanding its purchasing of Japanese government bonds by 10 trillion yen ($123bn). The Bank of Japan (BOJ) made the move as the Japanese economy continues to labour amidst a slowdown in the important export markets of the ailing eurozone and the stuttering US. Prompting the liquidity measures was the release of negative consumer price figures. Japan has seen consumer prices falling in recent years whilst prices have increased in the likes of China and India. The Bank of Japan has been trying to reverse this trend setting a target of 1% for consumer price growth. Data released on Friday showed that consumer prices in Japan increased by just 0.2% in March from the previous year .Not including the highly volatile food and energy costs, , consumer prices dropped 0.5% from the previous year.

Driving the stock markets – Hong Kong’s Hang Seng Index had increased by 1.19% whilst Australia’s S&P/ASX200 increased by 0.69%,.- was the Commerce Department reporting on Friday that the US’s gross domestic product increased 2.2% in the first quarter, less than the expected economic expansion of approx 2.5%.

The figures fuelled speculation that the Federal Reserve might introduce the rolling out of quantitative easing measures. Te U.S. central bank would buy bonds from financial institutions, flooding the economy with liquidity to support more hiring and investment.
Today, the binary trader should look at FOMC member Fisher speaking at 9.30am GMT, European and Italian CPI at 10am GMT and Candian GDP at 1.30pm GMT for increased volatility in the 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.

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Mixed Trading on Mixed Data

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binary options news cartoon north star titanic down north korean star kim il-sung upAs markets reopened around the globe after many nations celebrated Easter Monday, trading remained very much mixed as investors pour through different and contrasting data released in the world’s largest economies.

In the US – the world’s largest economy – today was the first day many US traders had to react to the worse than expected employment data released on Friday. Although over 120,000 new jobs were added in March, this represented the lowest employment increase since October 2011. Analysts expected a rise above the 200,000 level for the fourth consecutive month having seen February’s numbers revised from 227k to 240k. The unemployment rate declined a little, down to 8.2% from 8.3%, but that means that whilst employment in the US has been increasing over the last 6 months, the unemployment rate has continued to stay above the big psychological 8% level since the beginning of 2009. The US Dollar Index, which measures the USD against a basket of 6 currencies, was down 0.14%, valued at 79.85.

In China – the world’s second largest economy – trade data released for March painted a mixture picture of growth. Exports rose by 8.9% from this time last year – figures better than expected, signaling a possible pick up in global demand. However, increasing concerns of a slowing domestic demand in China was the imports figure, up 5.3%, but down from a 39.6% increase last month.

In Japan – the world’s third largest economy – expectations that the Bank of Japan will continue implementing easing measures to weaken the JPY, making exports affordable, pushed prices higher in the Tokyo equities markets. The USD/JPY was down 0.22%, trading at 81.31.

Today at 17.30pm GMT – FOMC member Fisher is to speak in the US which should affect the USD, but also look out for the results of Italian debt auctions at 10 – 10.30am GMT for some movement in the EUR.

 

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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.

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