Australia Binary Options Rise After FOMC
Australia binary options are rising today after the Fed said it will continue its bond buying program. Gains are also being aided by a jump in China PMI as the markets await a speech from incoming BOJ Governor Kuroda. HSBC said that they see Asian stock markets rising 15 to 20% from here until the end of the year. Overall traders in the Australia binary options space see continued optimism for 2013.
US Stocks Rise Boosting Australian Binary Options
US stocks rose after the Fed left monetary policy unchanged. The Dow Jones Industrial Average rose almost 56 points to close at 14511.73. The S&P 500 Index rose as well , closing over 10 points higher to 1558.71 and the NASDAQ jumped 25 points to close at 3254.19.
Australia Binary Options Gain From China Data
Australia binary options are rising after a report showed that manufacturing is expanding in China. China PMI data came in at 51.7 compared to expectations of 50.8. The positive data supports the view that China is continuing with its economic recovery. Tom DeMark sees gains for the Shanghai Composite this year. The Shanghai Composite is higher by 11 points to 2326.86 and the Hang Seng is gaining 35 points to 22,256.72.
Expected BOJ Easing Boosts Australia Binary Options
Australia binary options traders are anticipating an announcement from new Bank of Japan Governor Haruhiko Kuroda regarding new stimulus measures. If he starts the monetary easing program, it will have a huge impact on the market. The yen will weaken substantially and stocks will rise. He is expected to speak at 6pm Tokyo time today. The Nikkei 225 is higher by 149.78 to 12618.01.
Kiwi Strengthens In Australia Binary Options Trading
The New Zealand dollar strengthened against its major peers today after data showed the economy is stronger than many had expected. GDP growth came in at 1.5 percent versus expectations of 0.8 percent. Last quarter, the New Zealand economy expanded only 0.2 percent. The NZD/USD pair is trading at .82673 and the AUD/NZD is at 1.25402.
Some Hope For Australia Binary Options Traders In Sterling
The British Pound and the Japanese yen have been the 2 weakest currencies this year. The British pound thou is showing some signs of life and has rebounded slightly. The GBP/USD is 1.51224 after minutes showed Bank of England Governor Mervyn King was outvoted over increasing monetary stimulus. The Bank of England is concerned that inflation is above 2 percent and that more monetary stimulus could ignite more inflation.
Australia Binary Options Traders See Drop In Crude Supplies
Yesterday, supplies of crude oil dropped by 1.3 million barrels compared to market expectations of a gain of over 2 million barrels. The data boosted crude oil futures. This was the first drop in crude supplies in two months. The data out of China and continued monetary stimulus from the US Federal Reserve also supports prices. WTI is currently trading at $93.24 and Brent is at $108.64. There is significant resistance for WTI at $94-95.
Australia Binary Options Economic Data Calendar
All Times GMT
- 0758 French Manufacturing PMI 44.3 forecast 43.9 prev (EUR)
- 0828 German Manufacturing PMI 50.5 forecast 50.3 prev (EUR)
- 0900 Euro Manufacturing PMI 48.2 forecast 47.9 prev (EUR)
- 0930 UK Retail Sales (MoM) 0.5% forecast -0.6% prev (GBP)
- 0930 UK Retail Sales (YoY) 0.5% forecast -0.6% prev (GBP)
- Tentative Spanish 10-Year Bond Auction (EUR)
- 1100 UK CBI Industrial Trends Orders -17 forecast -14 prev (GBP)
- 1230 Canadian Retail Sales (MoM) 1.0% forecast -2.1% prev (CAD)
- 1230 US Initial Jobless Claims 342K forecast 332K prev (USD)
- 1300 US Housing Price Index (MoM) 0.7% forecast 0.6% prev (USD)
- 1300 US Manufacturing PMI 55.10 forecast 54.30 prev (USD)
- 1400 US Existing Home Sales 5.00M forecast 4.92M prev (USD)
- 1400 Philly Fed Manufacturing Index -2.0 forecast -12.5 prev (USD)
- 2300 Australia CB Leading Index (MoM) -0.1% prev (AUD)
As always good luck to all binary options traders in Australia today. Be sure to check back for the latest updates!
