Australia City

China & Cyprus Hurt AUS Binary Options

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Australia binary options are dropping today as Cyprus continues to weigh on the markets and increased regulations on Chinese banks. Investors are concerned that the European crisis is worsening and traders booked profits after US pending home sales came in weak. Italy still has yet to form a new government. The only positive out of Europe is that there isn’t blood in the streets yet. Markets in Australia, Hong Kong, New Zealand, Singapore and India will be closed tomorrow for the Good Friday holiday.

Australia Binary Options Traders Book Profits On US Stocks

Australia binary options traders decided to book their profits on US equities after pending home sales disappointed. The S&P 500 looked like it was going to make a run at a new record, but the momentum just wasn’t there. Concerns over Europe continue to weigh on Australia binary options trader’s minds. Volumes look to be light ahead of the long Easter holiday weekend. I’m not expecting a market correction in the Australia binary options market, but I do foresee a pause at current levels.

Australia Binary Options Traders Sell Japanese Stocks

Japanese stocks fell as the yen strengthened as traders pared risk as the European crisis intensifies. Australia binary options puts were active on Toyota Motor, which fell 1.5 percent. Investors are waiting on Japanese jobs data and the Bank of Japan meeting next week. Australia binary options on the Nikkei 225 fell 157.83 to 12,335.96.

German Retail Sales Boost Euro In Australia Binary Options Trading

German retail sales came in better than expected today. That’s helping halt the slide in the euro currency against the US dollar temporarily. Economists were forecasting a drop in retail sales and they unexpectedly rose. The EUR/USD is currently trading at 1.27866.

Australia Binary Options Traders Buy Yen Against Aussie

Australia binary options traders sold the Australian and New Zealand dollars against the yen for a second day. Traders are in a risk-off pattern at the moment. As global stock markets weaken, so will the Aussie and kiwi. Investors are also nervously awaiting Cyprus banks set to re-open today after being closed for nearly two weeks.

Kuroda Testimony Fails To Impressive Australia Binary Options Traders

New BOJ Governor Haruhiko Kuroda reiterated typical monetary easing measures without spelling out any new measures. Markets are looking for significant action from the BOJ to justify the moves in the Japanese yen. If new measures aren’t outlined, there’s risk that the yen could strengthen rather than weaken. Right now you have all the market players short and on one side of the market. Any sudden move and you can have a massive unwinding of positions.

Australia Binary Options Traders Happy With Oil Calls

US crude oil rose for a fifth day after US refineries boosted run rates. Expectations are that refineries are going to boost refining capacity for the upcoming summer driving season. WTI is currently trading at $96.74 and Brent at $109.79. Australia binary options traders will now be watching to see if WTI can hit $100.

Australia Binary Options Economic Data Calendar

All Times GMT

  • 0855 German Unemployment Rate 6.9% forecast 6.9% prev (EUR)
  • 0855 German Unemployment Change -4K forecast -3K prev (EUR)
  • 1230 Canadian GDP (MoM) 0.1% forecast -0.2% prev (CAD)
  • 1230 US Initial Jobless Claims 340K forecast 336K prev (USD)
  • 1230 US GDP (QoQ) 0.5% forecast 0.1% prev (USD)
  • 1345 Chicago PMI 56.5 forecast 56.8 prev (USD)
  • 1500 Kansas City Fed Manufacturing -10.00 prev (USD)
  • 1700 US 7-Year Note Auction 1.260% prev (USD)
  • 2315 Japan Manufacturing PMI 48.5 prev (JPY)
  • 2330 Japan Unemployment Rate 4.2% forecast 4.2% prev (JPY)
  • 2330 Tokyo Core CPI (YoY) -0.6% forecast -0.6% prev (JPY)
  • 2330 National Core CPI (YoY) -0.4% forecast -0.2% prev (JPY)
  • 2330 Household Spending (YoY) 0.2% forecast 2.4% prev (JPY)
  • 2350 Japan Industrial Production (MoM) 2.6% forecast 0.3% prev (JPY)

For Australia binary options traders, the key data points will be US jobless claims, US GDP and Chicago PMI. As always good luck to all Australia binary options traders and be sure to check back for the latest updates!