Nikkei Boosted By Strong Exports

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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USD Higher and Asian Stocks Lower As Fed Meets

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

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

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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Asian Stocks Plummet on World Bank Forecast

Binary Options News : June 13, 2013

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Asian Stocks Plummet on World Bank Forecast

Asian markets experienced strong volatility in overnight markets as the World Bank reduced its global GDP growth forecast for 2013 amidst fears that the central banks of the world may pare monetary stimulus.

The world bank now expects China – the world’s second largest economy to grow at rate of 7.7% for 2013, down from the previously projected 8.4%, raising concerns over the Chinese investment-led growth model. It also reduced its global growth forecast from 2.4% to 2.2% sending stocks down across Asia and the USD/JPY dropping below 95, causing a multitude of stop loss orders, that saw the Nikkei 225 fall over 5%, making the decline over the last 3 weeks, approaching the 20% mark. The slide continued even though the Bank of Japan proposed to purchase 200 billion JPY of bonds with maturities of 10 years or more and 450 billion JPY of bonds with maturities between five and 10 years.

Stocks

Asian stocks took a pounding in overnight trading, led by Japan’s Nikkei 225, currently down 5,62%. The Chinese Shanghai Composite Index opened for the first time this week after being shut for a 3 day public holiday and promptly dropped 3.87% on the back of the world bank reductions in Chinese and global growth forecasts.South Korea’s Kospi Index was 1.19% lower, Hong Kong’s Hang Seng Index fell 3.01% whilst Australia’s S&P/ASX 200 fell over 1% for a second consecutive day after the Australian Bureau of Statistics reported unchanged Australian unemployment at 5.5% for last month.

Currencies

The USD reversed some its gains made yesterday as a safe haven investment as monetary uncertainty and the waiting for key US Data meant sharp declines for the greenback – falling 1.78% against the JPY, down 0.39% against the CHF and down 0.19% against the EUR. The AUD continued to decline against the USD – falling 0.36% despite decent enough jobs data,

Commodities

Despite a weakening USD, there were falls across the board in the commodity markets, as investors wait for Thursday’s key data. Gold fell 0.32%, Silver was down 0.04%, whilst Crude Oil was down 0.63% as Middle East unrest and global growth forecasts played on investor minds.

Today’s Outlook

The high volatility seen in Asia is expected to continue into European markets as an ECB Monthly report is followed by an Italian long term debt auction. However, it is later in the day in the US which is expected to grab traders attention as jobless and retail sales figures are published, with increases in both anticipated.

 

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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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