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AUS Binary Options Drop To Start New Week

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Australia binary options are falling to start the new week in Asia trade. Japanese stocks are lower after manufacturing sentiment came in lower than expected. Manufacturing output in China came in lower than expected as well. This is causing Australia binary options to trade weak. Traders are back to slowing growth fears. The recovery in China right now looks tepid and not robust and policy-makers are looking to cool an overheating property market. All of this is impacting Australia binary options because China is Australia’s number one export market.

Stock Puts Active In Australia Binary Options Trading

Markets across the board are lower in Australia binary options trading. Pus on Australia and Asian shares are most active today for Australia binary options traders. The ASX 200 is down 28.49 to 4966.50. The Nikkei 225 is down 165.75 to 12234.25. In China and Hong Kong, the Shanghai Composite is  trading basically flat at 2235.53 and the Hang Seng is down 165.19 to 22299.63.

Australia Binary Options Traders Continue To Sell The Euro

The euro continues to weaken against its major trading peers as the region continues to struggle economically. Data out the region continues to come in weaker than expected. Unemployment is likely to come in at a record high for last month. The European Central Bank is scheduled to meet this week and markets are not anticipating much in the way of policy changes. More than likely they’ll talk about ways to boost the region’s economy, but not much is expected in the form of action. The euro last week broke its 200-day moving average, a bearish sign.

Crude Oil Drops In Australia Binary Options Trading

Australia binary options traders are booking profits on their crude oil call positions. Australia binary options traders are also selling oil because Exxon Mobil shut a pipeline carrying oil to the Gulf Coast. Crude oil continues to trade off the US equity rather than its own fundamentals. Australia binary options traders need to keep that in mind as US supplies remain at lofty level.s  WTI is currently trading at $96.88, down 35 cents, and Brent oil is at $109.66, down 36 cents.

Australia Binary Options Traders Dump Their Corn Positions

Corn prices are getting hammered for a second day as stockpiles in the US are larger than expected. The US Department of Agriculture said that farmers will plant a record amount of corn this planting season. If the spring weather is favorable, look for the bear trend in corn prices to continue and Australia binary options traders should buy puts. Corn is at $6.63 a bushel, soybeans $14 a bushel and wheat at $6.80 a bushel.

Australia Binary Options Economic Data Calendar

All Times GMT

  • 1500 ISM Manufacturing Index 54.2 forecast 54.2 prev (USD)
  • 2330 Australia AIG Manufacturing Index 45.6 prev (AUD)

Manufacturing data for China and Japan has already come out today for Australia binary options traders. All eyes will now await manufacturing data from the US and Australia. As always good luck to all Australia binary options traders and be sure to check back for the latest updates!