Tag Archives: Nikkei

Japanese Data Keeps Nikkei in Check

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Binary Options News : April 30, 2013

Enrico Letta caricature for the binary options news of 4/30/2013Japanese Data Keeps Nikkei in Check

The Nikkei traded sluggishly in a low volume trading session in Asia overnight, the release of a raft of economic data from Japan – the world’s third largest economy – kept investors on the sidelines awaiting central bank stimulus. Today, the Fed Reserve in the US are meeting, whilst talk of an ECB rate cut has been gathering momentum.

As the Asian regional benchmark index headed towards its highest close since 2008, Japan’s Statistics Bureau announced the unemployment rate dropped to 4.1% in March from 4.3% in February. This came after analysts had been expecting reading of 4.3% for March. Japanese household spending also gained, climbing 5.2% in March after an 0.8% gain in February, whilst industrial production increased 0.2% in March after a 0.6% gain in the previous month after economists had been expecting a 0.4% increase. Finally, In a separate report, the Ministry of Economy Trade and Industry reported that retail sales dropped 0.3% in March from the previous year after analysts had been expecting a 0.6% increase.

Stocks

Australia’s S&P/ASX 200 gained 0.78% aided by strong profit reports from the Australia & New Zealand Banking Group, the third largest bank in Australia. The Shanghai Composite of China remains closed for another day of national holiday, but Hong Kong’s Hang Seng Index (HSI) reopened after a day of holiday and was 0.67% higher. Japan’s Nikkei dropped 0.43% following the release of the economic data, before rallying to be 0.09% down.

Currencies

In a very quiet trading session, the currency markets saw little movement and little investment as traders stopped fleeing the safe haven of the USD and sat on the sidelines waiting for potential central bank moves. The greenback reversed some of the losses of yesterday and was generally moderately higher against most major currencies, with the largest gains made against the EUR – down 0.16% against the USD. The USD/JPY was down 0.04%.

Commodities

In a mixed trading session, the wait and see policy adopted by traders, meant Gold fell 0.26% and Silver was down 0.07% as investors cashed in on recent gains. Natural Gas continues its slide, down 0.18% – as the warm Spring weather means reduced demand. Crude Oil was 0,24% lower on continuing global growth concerns.

Today’s Outlook

Unemployment figures dominate European trading in the morning and should there be higher unemployment figures, this will add pressure to the EUR, especially against the USD. Gas and Oil supply data is released in the US later in the day before evening traders turn their attention to Chinese Manufacturing PMI, making today a potentially stronger day of trading that what was seen in Asia overnight.

 

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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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Nikkei Rises Again, Asian Stocks Down

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Binary Options News : March 7, 2013

binary options news caricature president barack obama works hard and plays hardNikkei Rises Again, Asian Stocks Down

Asian stocks fell in overnight trading, reversing two days of gains as investors await the implementation of monetary policies by different central banks from all across the world.

Yesterday saw the release of ADP nonfarm payrolls data in the US. This key indicator increased by a seasonally adjusted figure of 198,000 for February, beating expectations for an increase of 170,000. It also pleased the markets that the previous month’s figure was revised up to an increase of 215,000 from the previously reported increase of 192,000.

Generally the markets were mixed and cautious in overnight Asian trading as investors wait for news from the central banks due at various points during the day. The Bank of England and the Bank of Japan are to hold policy setting meetings today whilst the Bank Of Canada is widely expected to keep rates on hold at 1.00% when it meets later in the day. Investor sentiment kept cautious before the European Central Bank’s policy meeting later today too amidst growing concerns that President Mario Draghi may indicate possible rate cuts for the not so distant future.

Stocks

Japan’s Nikkei 225 increased 0.3% ahead of the concluding part of the Bank of Japan’s 2 day meeting. Australia’s S&P/ASX 200 Index dropped 0.4% on the release of a report showing Australia’s trade deficit widened more than had been expected. South Korea’s Kospi fell 0.84% on weakness in Samsung shares. The Dow Jones in the US hit another all time high yesterday in the US trading session.

Currencies

The GBP took another pounding in Asian trading. Having been the best performing major currency in 2012, the GBP has suffered as the UK enters a triple dip recession and found itself under more pressure last – down 0.37% against the EUR and down 0.26% against the USD. The USD/JPY was 0.18% lower ahead of the conclusion of the 2 day BoJ meeting, whilst the USD generally made gains on the positive Jobs data released yesterday in the US.

Commodities

Crude Oil was once again moderately lower as markets await news from Venezuela and who will replace Chavez – Crude Oil was 0.07% down. Gold and Silver both made gains ahead of central bank meetings later today with both rising 0.4% at time of writing. Natural Gas rose once again after falling on supply data yesterday, with Natural Gas up 0.4% too.

Today’s Outlook

Despite investor caution ahead of key central bank meetings, today is filled with key economic releases including German factory orders and US jobless claims. All of which should drive markets in what promises to be a strong day of volatility and priofitibility 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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Nikkei Down, Yen Up on Minutes Release

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Binary Options News : February 19, 2013

killer app usd drones onNikkei Down, Yen Up on Minutes Release

The Nikkei 225 in Japan – the world’s third largest economy – dropped 0.31% whilst the Yen gained the release of Bank of Japan minutes which confirmed that Japan is not considering the buying of foreign bonds as a way of stimulating its economy. The release of the minutes from the last meeting did show, however, that the central bank is mulling over buying its own government bonds of a longer term nature as part of its asset purchasing scheme to quell deflation.

What was also of interest to the markets coming from the minutes release was the information that the Bank of Japan is not seriously contemplating rescinding a law that guarantees the independence of the Central Bank. This was something the newly elected Prime Minister Shinzo Abe had made threats to do if the BoJ failed to raise its inflation target to that of his own target of 2%.

Also released was the monetary policy meeting minutes from the Reserve Bank of Australia. These showed that the RBA is holding back and waiting to see how the rate cuts made earlier would impact upon the economy in Australia.

Stocks

The release of the central bank minutes had differing results in the Australian and Japanese Markets. Australia’s S&P/ASX 200 Index gained 0.36% whilst Japan’s Nikkei 225 Stock Average fell 0.31%. South Korea’s Kospi gained 0.05%, even though the weak JPY remains a cause for concern for the Korean export market. New Zealand’s NZSE 50 rose by 0.71%. This was ahead of a producer price index report published later today, which is an important measure of consumer inflation.

Currencies

The EUR/USD was steady in Asian markets, down 0.04% and hovering near a 3 week low. This came after European Central Bank President Mario Draghi reiterated yesterday that the euro’s exchange rate could impact upon the bank’s inflationary outlook. the AUD/USD was up 0.24% following the release of the Royal Bank of Australia minutes, but the star of the currency markets was the USD/JPY – down 0.53% following the comments made by Japanese Finance Minister Taro Aso.

Commodities

Crude Oil traded lower as concerns lingered about the global economic growth and was 0.57% down. Gold and Silver both rallied and was 0.19% and 0.42% up respectively. Natural Gas gained 0.33% on weather forecasts.

Today’s Outlook

German ZEW economic sentiment is released this morning and will be closely followed as Germany teeters on the brink of recession. This is after its European sentiment is released. Also affecting the EUR today is the Spanish trade balance which is expected to decline even further. Strong trading in Asia overnight points towards a strong day of trading in Europe which will mean a potentially strong 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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Nikkei Up on Bank of Japan Easing Talk

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Binary Options News : February 12, 2013

Nikkei Up on Bank of Japan Easing Talk

Following on from a day of closure due to national holidays, Japan’s Nikkei 225 jumped 1.88% after Haruhiko Kuroda said Japan has the capacity to implement extra monetary stimulus for this year. Haruhiko Kuroda is considered to be a front runner to be the next Bank of Japan governor and is currently the head of the Asian Development Bank. In January the Bank of Japan announced it would commit to an asset buying program similar to that of the Federal Reserve in the US , but this would not be implemented until next year which disappointed the markets who were hoping for more of an immediate solution.

Hong Kong’s Hang Seng Index and China’s Shanghai Composite Index are both closed again due to the Chinese New Year however, there was strong volatility in the markets that were open, pleasing binary traders, after North Korea carried out the test which was generally expected to happen in a region that has already had to deal with Chinese and Japanese territorial disputes.

Stocks

Australia’s S&P/ASX 200 Index added 0.1% as investors speculated on the Reserve Bank of Australia cutting interest rates by up to half a percent. New Zealand’s NZSE 50 fell 0.06% and South Korea’s Kospi fell 0.12% following on from North Korea’s nuclear testing. However, the star of the Asian markets was the Nikkei 225 in Japan which was1.88% up after being 2.41% higher at one point during the Asian trading session.

Currencies

The BoJ easing talk saw the Japanese Yen touch its lowest level against the greenback since May 2010 before rallying back slightly to be 0.10% against the USD. The USD was generally up against most major currencies as investors stayed clear of the currency markets in another subdued trading session due to the closure of markets for national holidays. The US dollar index was 0.13% higher, valued at 80.49.

Commodities

The commodity markets were not the place to be in during Asian trading as falls were recorded across the board. Gold continued to decline along with Silver with the precious metals falling 0.12% and 0.10% respectively. Natural Gas still hovered around its 5 week low and was 0.09% down at time of writing whilst Crude Oil was down 0.09% too.

Today’s Outlook

The much maligned GBP will be in focus this morning with CPI.

 

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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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Yen Rallies Sending Nikkei Down

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Binary Options News : January 21, 2013

binary options news cartoon washington dc in januaryYen Rallies Sending Nikkei Down

The trading week began with some strong volatility as Japanese shares dropped and Asian shares in general swung between gains and losses after the Japanese Yen rebounded from its lowest level against the dollar in 2 and a half years. In press interviews over the weekend, Koichi Hamada, who is assisting Prime Minister Abe choose a new Bank of Japan governor, stated that Japan must be careful against allowing the Yen to depreciate too rapidly against other major currencies. The stronger yen hit shares of Japanese exporters as the stronger currency squeezes profits for those Japanese firms which depend on international markets for the bulk of their sales.

Stocks

Chinese stocks built on gains from last week following some positive data from the world’s second largest economy. The Chinese economy grew 7.9% in the fourth quarter from a year earlier, above expectations for a 7.8% rise and following a 7.4% increase in the preceding quarter. Hong Kong’s Hang Seng increased 0.13% whilst the Shanghai Composite added 0.14%. Japan’s Nikkei 225 plummeted 1.78% at time of writing as the USD/JPY backed off the multi year highs seen over the course of last week. Australia’s S&P/ASZ 200 was modestly higher, up 0.13%, as traders there await Wednesday’s inflation report.

Currencies

The largest mover in the currency markets was the USD/JPY – down 0.5% after falling nearly 1% in early Asian trading. The remainder of the currency markets were generally flat withe AUD/USD climbing a modest 0.04% ahead of key Australian inflation data released Wednesday.

Commodities

Crude Oil fell ahead of today’s European debt meeting, and was 0.51% down in Asian trading. Gold futures traded slightly higher in the early part of Monday’s Asian session, ip 0.02%, as traders are looking for the yellow metal to build on last week’s 1.25% increase, its best weekly run in about two months.

Today’s Outlook

It is a national holiday in the US, with markets closed there, however, an increase in German PPI is expected this morning which may see a boost to the Euro, especially in the EUR/USD pairing.

 

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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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