Australian Binary Market Update 11/22/2012

Australian stocks are rallying today.  The ASX 200 was last up 52.1 points to 4421.60.  The broader All Ordinaries Index was up 49 points to 4439.70.

US markets posted a slight gain yesterday on news of an Israeli/Gaza ceasefire.  US economic data showed a drop in jobless claims and a jump in PMI flash manufacturing data for China.

In individual binary stock options, Woodside Petroleum is up 46 cents to $33.80.  BHP Billiton up 42 cents to $33.78 and Rio Tinto gained 32 cents to $57.27.

All the Australian bank binary options are trading higher today.  National Australia Bank is 13 cents higher at $23.80, ANZ is up 31 cents to $23.83, Commonwealth Bank rose 78 cents to $58.66, and Westpac climbed 31 cents to $24.91.

In the binary forex market, the Aussie dollar is higher on improved global sentiment.  The Aussie is trading at 1.0390 to the USD, just under the key 1.04 binary level.

HSBC Holdings Plc and Markit Economics said today that their purchasing managers’ index for China’s manufacturing was at 50.4 in November on a preliminary reading, compared with a final level of 49.5 in October. A reading above 50 indicates expansion.

US markets are closed today for the Thanksgiving Day holiday.  The all-important Black Friday kicks off the start of the US holiday shopping season this week.  US markets will only be open a half a day on Friday.

Binary option bulls have taken control of the markets on the positive economic data and the easing of Middle East tensions.  Shares have held key support levels and markets have made a nice bounce.  Play the trend and look for signs of strength from the US consumer as Black Friday shopping sales come in.

Good luck and happy binary trading!  Be sure to check back for the latest updates!