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Equities Treasuries Commodities and Currencies

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Binary Options News : September 10, 2012

mario monti knows how to sweeten the dealEquities Treasuries Commodies and Currencies

Equities

Asian markets have opened the trading week and have traded mostly higher the real direction on the week only coming from the US and Europe as markets head into an important week where central bank intervention and stimulus will be tested, Hong Kong on Monday was up 0.23% to 19,848 Shanghai Composite up 0.3% to 2134. The Nikkei fell 0.03% at 8869, the KOSPI fell 0.25% to 1924, and the ASX 200 was up 0.2% to 4333.

As European markets open this week all eyes will be all about the German Constitutional Court ruling that is pending and whether markets believe what the ECB is doing can solve the European Crisis on Friday the DAX was up 0.7% to 7214, Eurostoxx 50  up 0.5% to 2538 and the FTSE was up 0.3% at 5794 on Friday’s close. European gains where a continuation of Thursday’s ECB announcement of outright monetary transactions (OMT).

US equities also managed to punch out more gains on Friday the DJIA +0.1% to 13307 having already taken out the 2008 levels the next key levels look to be the October 2007 record levels of 14198, the S&P500 +0.5% to 1437 this is the highest level on equities since May 2008 where the S&P500 cash was trading 1440.24 pre 2008 crisis levels. All market eyes will be on the Fed this week for Thursday’s outcome.

Treasuries and Commodities

As Treasury open the week on what some tip to be a critical week as markets await the Fed’s action for possible further QE. Treasuries closed on Friday at 1.661 on the US10 Year Treasury Notes. With European bond yields crashing on the news of the OMT from the ECB – Italian 10 years trading back down to the 5.03% from previously being around the 5.847% at the end of August and the Spanish 10 year yields are down from the August closing highs of 6.86% to 6.03% on Friday’s close. Gold moved higher on hopes of US QE it was up 2% at 1737.60 also copper has been rally that the measure from the US will stimulate the world’s largest economy New York Copper closed on Friday up 3.7% to $3.64 /lbs.

Currencies

Dollar Index sank on the news of new initiatives from the ECB and prospects of another round of QE from the Fed which lead it to fall again 1.1% to 80.234. Eyes now turn to the Fed at its September 13 meeting. EUR/USD rallied 1.5% overnight to 1.2818 as the markets took a bid from pending US QE.   The Pound also was down 0.2% at 1.5992. Yen bounced off Fridays lows to be up 0.1% to 78.265 in the Asian session. AUD/USD has traded down 0.4% in the Asian session to trade down to 1.0343.

Economic Outlook

Stimulus is still the word with the talk on US FOMC likely to pull the trigger on QE on September 13. Market concerns over the German Constitutional Court ruling that is pending this week. This week will be critical to see if market can continue to believe that the ECB action will be sufficient enough to solve or improve the current EU crisis.  Monday: China (Tentative) Trade Balance, EUR Sentix Investor Confidence.

 

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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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Gold and Silver Hit Highs

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Binary Options News : September 4, 2012

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Gold and Silver Hit Highs

Asian trading this morning saw the continued rise in the precious metals markets as speculation of global stimulus measures received assistance from a glut of negative PMI being released across the world and credit ratings agency Moody’s lowering its outlook for the European Union’s AAA credit rating to ‘negative.

Commodities

A raft of global data in key economies such as the US, China, Japan and the EU has strengthened the argument for more central bank measures to boost growth. This has led to increased demand for the precious metals with Gold reaching its highest price level in nearly 6 months and Silver attaining its highest price since April 2012. Gold normally trades inversely to the USD (the currency it is sold in) and has been helped by the heavily weakened US Dollar which is under pressure after more stimulus talk from the Fed on Friday. At time of writing (5.18am GMT) Gold is 0.57% higher valued at 1694.85 a troy ounce and Silver is trading 2.55% higher at 32.243 an ounce.

Europe

Moody’s – the credit ratings agency lowered its credit outlook for Europe and issued a  warning that the AAA rating could be downgraded in the future after ECB President Mario Draghi told officials he would be comfortable buying three year government bonds to lower borrowing costs for nations in financial distress. Germany, France, Netherlands, and the UK which account for around 45% of the EU’s budget revenue – were all given negative outlooks by Moodys earlier this year – and Moody’s warned that if the credit ratings of these member states are to be downgraded, it could have a negative effect of the overall rating of the EU.

Outlook

Today, investor focus will be firmly on what comes out of the various meetings being held in Europe today. President Herman Van Rompuy is travels to Berlin for talks with German Chancellor Merkel and Italian Prime Minister Mario Monti entertains French President Francois Hollande in Rome.

 

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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 Week Ahead

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Whilst the Euro saga continues, this week seems to be no different.  A look at the economic calendar for the forthcoming week indicates strong market volatility with the release of some important data:

Monday
Monday is a holiday in the US and Switzerland which generally lowers levels of trading. Italian business confidence data is published at 8am GMT, but eyes will be on unemployment, retail sales and household spending figures released in Japan later on the night.

Tuesday
The highlight of Tuesday, commanding most investor focus will be German CPI figures released. The German Consumer Price Index (CPI) measures the changes in the price of goods and services purchased by consumers. Eyes will be firmly on Germany, being the most powerful economic member state of the Eurozone, to lead the regions debt crisis. Spanish retail sales are released and not expected to be good.

Wednesday
The Aussie should see some movement as MoM retail sales figures and quarterly construction work data are released in Australia. The Swissie may experience some rare movement as the KOF indicators, which predict the direction of the economy, are released. The Euro focus will continue with the release of money supply and private loans figures. Money supply YoY is expected to be down fro 3.2% to 3.0%

Thursday
A big day for the Euro as unemployment data in Germany is released, Italian Consumer price index and French consumer spending. The monthly figures from France are expected to remain in the minus at -0.7% but still be an improvement from the previous 2.9%.

Friday
The trading week ends with Chinese, Hungarian and Spanish manufacturing PMI, Swiss retail figures and European unemployment rate data. If Chinese manufacturing is down, expect Asian stocks to fall but once again the economic well being of the Euro and the Eurozone should take center stage.

 

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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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Canadian Dollar down to 4 month low

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binary options news cartoon barack mark and social networkingThe Canadian Dollar performed badly in US trading despite an increase in crude oil, rebounding from a 6 month low in the earlier European trading sessions. The oil sensitive CAD failed to be boosted by a gain in retail sales failed as the prospect of a raise in interest rates looks less likely. Having fallen against half its traded pairings, it was against its American counterpart that saw the most noteworthy fall – down its lowest level in over 4 months. Currently down 0.12%, the CAD is valued at 1.0241 against the USD.

Also bouncing back before Asian trading was Crude Oil. Total US crude oil inventories reached 382.5 million barrels as of last week, the highest amount since August 1990, highlighting fears over a slowdown in US oil demand. Having fallen 1.8%, to 90.22 a barrel – the lowest it has been since November 1st 2011 – the price rebounded, up 0.20%, trading at 90.56 a barrel. Crude prices traded at 90.85 just before the release of the Energy Information Administration data in the US. The U.S. is the world’s largest oil consuming nation, accounting for nearly 22% of the world’s total oil demand.

Investor focus is once again on the EUR which enjoyed a gain in US trading – up 0.125 against the USD trading at 1.2957. As traders awaited the outcome of a European Union summit, there was hope that Germany would release more government bonds and buy up European debt, adding some stability to a fragile Eurozone economy.

Today is a big day for the Euro with plenty of important data released. Most investor focus will be on Germany with manufacturing and services PMI taking centre stage with the business climate index and business expectations data all coming from the largest economy in Europe.

 

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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 Political Fears Dominate Markets

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binary options news caricature adventures of euromanEarly Asian trading has indicated that the fears over the political turmoil in Greece still reign supreme as the Dollar continues to find favour as the safe haven currency to go and the Euro continues to be sold.

It was announced in Greece yesterday that the leader of far-left party Syriza will not attend coalition talks today (Monday), pushing Greece into further political turmoil. The move takes much maligned Greece a step closer to elections – with polls now suggesting the anti-bailout party may win. President Karolos Papoulias had invited four parties, including Syriza, to further talks but Mr Tsipras, the leader of the far left, ruled out any deal with pro-bailout parties. Both the centre-right New Democracy and the socialist Pasok have been unable so far to form a new coalition government with both agreeing to wide ranging cuts in return for the last EU/IMF bailout, but both suffered in last week’s elections. Syriza, which finished 2nd in the polls, insists any new government must cancel austerity agreements in return for EU-IMF loans worth 130 billion euros .

The US Dollar index, which measures the USD against a basked of 6 weighted currencies was up at time of writing – gaining 0.17%, valuing the USD at 80.56. The AUD dropped against its U.S. cousin, briefly falling below parity for the first time since December 2011, as investors piled into greenbacks and select Asian equities, abandoning the AUD and the EUR in the process. In the EUR/USD pairing, the EUR was down 0.21%, trading at 1.2890, whilst the strengthened greenback meant a decline in the value of commodities. Gold was down 0.16%, trading at 1581.35 a troy ounce and Silver was down 0.39%, trading at 28.773.

This morning looks to be another busy day on the trading front with a raft of economic data coming from Europe including French, Spanish, German and Italian debt auctions. In particular keep an eye on the Italian 10 year debt auction 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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