Australian Binary Options Close 11/19/2012

The Australian market closed higher after signs that US politicians will avoid the dreaded “fiscal cliff”. At the close, the benchmark S&P/ASX 200 was up 24.6 points to 4361.4 and the All Ordinaries index was up 22.5 points to 4382.6.

The mining giants closed mixed. BHP Billiton was was up 28 cents to $33.21. Rio Tinto closed down 19 cents to $56.71 and Fortescue fell 5 cents to $3.85.  The major banks also had a mixed day. National Australia Bank was up 16 cents to $23.38. ANZ dropped 1 cent to $23.65, Westpac fell 2 cents to $24.40 and Commonwealth Bank fell 13 cents to $58.15.

In the binary options forex market, the Aussie dollar rose against most of its major peers. The US dollar was weaker against most of its major peers. The euro was last at 1.2767 to the US dollar. The yen was relatively unchanged at 81.24 to the US dollar.

The Nikkei climbed for a 4th day to a 2 month high on growing expectations that Japan’s main opposition party will win next month’s elections and step up pressure on the Central Bank to ease monetary policy further.

US markets will have their eyes on existing US home sales due out today. Tomorrow Federal Reserve Chairman Ben Bernanke will be speaking on monetary policy.

In the binary options commodity markets, crude oil was last at $87.80, up $.88. Gold was at $1721.90 and silver at $32.61 on the Comex. Corn was trading at $7.3625, wheat at $8.5875, and soybeans at $13.9625 on the CBOT.

Markets have started the week with a bullish tone and let’s see if it can continue. Lately, the bears have been in control and binary puts have been the winning trade. As always, good luck and happy trading!