Australia Map Flag

Stocks Rise In Australian Binary Options Trading

/in /by

Stocks across Asia are rising today for Australian binary options traders. Global stock markets continue to be on their impressive bull runs with gains seen across the board. Stock gains in Asia are being led by Japan and Hong Kong. The Nikkei 225 is up 267 points to 12,235.17 and the Hong Kong Hang Seng Index is higher by 262,61 to 23,034.05. The ASX 200 in the Australian binary options market is up 15 points to 5122.30.

Japanese Stocks Continue Higher For Australian Binary Options Traders

Japanese stocks have been on a tear as the country’s fundamentals begin to improve and the country’s currency continues to weaken. As I pointed out in yesterday’s economic data calendar, Japan’s GDP report was critical for today. The country’s GDP was revised higher for the 4th quarter and showed growth and not a contraction.

Shares in Japanese exporters have been rallying on the back of the weakening yen. Most analysts are expecting the yen to continue to weaken against its major trading peers. For Australian binary options traders looking to trade individual Japanese stocks, shares in Honda, Toyota and Komatsu can continue to rally in this market.

Australian Binary Options Traders With Calls On Dow Make Money

The Dow Jones Industrial Average closed at a new record for the 3rd consecutive day. Initial jobless claims came in at a 6 week low. Markets are now turning their attention to the release of the Labor Department’s Monthly NonFarm Payroll Report. This week’s ADP report and initial jobless claims showed a strengthening labor market for the US economy.

Euro Strengthens While Yen Weakens For Australian Binary Options

The euro strengthened against its major trading peers are ECB President Mario Draghi reiterated his view that the euro zone economy will recover later this year. His optimism in the euro brought buyers back into the currency and made shorts cover. The thinking is that if he’s optimistic about the euro, traders should be too. The ECB forecasts the euro to average $1.35 this year and next in currency trading.

Australian Binary Options On Aussie Dollar Weaken

The Aussie dollar is trading weaker this Friday against its major peers after China reported that imports rose less than expected. China is Australia’s number 1 export market and if China is importing less, that hurts the Australian export-based economy. Traders are now assessing why Chinese imports were so weak last month. Markets will now await the US labor report later today and China industrial production numbers due over the weekend.

WTI Rebounds For Australian Binary Options Traders

US crude oil rebounded on an improving US labor market. A stronger labor market in the US is bullish for demand and prices. A positive employment report later today can boost prices further. Brent crude oil weakened slightly as a pipeline in the North Sea was reopened after being closed for a leak. WTI is trading at $91.31 and Brent at $110.04. Trendline support for WTI is seen at $89.66.

Australian Binary Options Economic Data Calendar

All times GMT

  • 0800 Spanish Industrial Production (YoY) -5.2% forecast -6.9% prev (EUR)
  • 0815 Swiss CPI (MoM) 0.3% forecast -0.3% prev (CHF)
  • 0930 British Inflation Expectations 3.5% prev (GBP)
  • 1100 German Industrial Production (MoM) 0.5% forecast 0.3% prev (EUR)
  • 1315 Canadian Housing Starts 175.00K forecast 160.60K prev (CAD)
  • 1330 Canadian Employment Change 8.0K forecast -21.9K prev (CAD)
  • 1330 Canadian Unemployment Rate 7.0% forecast 7.0% prev (CAD)
  • 1330 Canadian Labor Productivity (QoQ) -0.1% forecast -0.5% prev (CAD)
  • 1330 US Average Hourly Earnings (MoM) 0.2% forecast 0.2% prev (USD)
  • 1330 US NonFarm Payrolls 160K forecast 157K prev (USD)
  • 1330 US Unemployment Rate 7.9% forecast 7.9% prev (USD)

All Australian binary options traders need to be prepared for the US NonFarm Payroll report. That will move the market and dictate the trading patterns over the next month. Be prepared and trade accordingly!

As always good luck to all Australian binary options traders and be sure to check back for the latest updates!