Australia Binary Options Rise On US Data
Australia binary options were higher today after US home prices rose and durable goods orders beat expectations. Stocks in Australia, Japan, Hong Kong and China all rose. Gains were limited in Japan as most shares there went ex-dividend. That adjustment prevented the Nikkei 225 from rising an extra 100 points. Markets in Europe and the US are now turning their attention to the latest out of Europe. Australia binary options traders are seeing renewed concerns in Italy as there is no clear governing party.
Australia Binary Options Traders Sell Euro
The euro currency dropped below 1.28 to the US dollar on concerns over future bailouts and a political logjam in Italy. Pictet & Cie in Switzerland said that the euro bailout had “tarnished” the region. Borrowing costs for Italy rose as there is no clear winner in Italian politics yet. Australia binary options traders should continue to sell the euro as it will trend lower.
Morgan Stanley Offers Bearish Assessment On Euro
Morgan Stanley said today that the euro risks dropping to parity with the US dollar in the next two and a half years. Australia binary options traders should continue with their euro shorts as the future assessment for the euro zone looks bleak. Credit in Europe is tight and the region lacks cohesive fiscal policies. The region’s economic data continues to come in weak as the region remains mired in recession.
Australia Binary Options Traders Dump Gold Positions
Australia binary options traders are lightening up on their gold positions. The strong US data is offsetting weak data out of Europe. The US dollar continues to strengthen and that hurts the price of gold in US dollar terms. I recommend Australia binary options traders to buy gold priced in non-US dollars. Gold in yen, sterling or euro is a good investment.
WTI Jumps Above $96 For Australia Binary Options Traders
WTI jumped yesterday in Australia binary options trading as positive US data boosted crude oil demand prospects in the US. Australia binary options traders are booking profits thou today on euro fears and worries over supply builds in the US. Today we have the US Department of Energy’s weekly inventory report. The weakness in the euro and strength in the US dollar isn’t helping the bulls in oil today either. WTI is currently trading at $95.90 and Brent at $109.45.
As always good luck to all Australia binary options traders and be sure to check back for the latest updates!
