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Thursday Binary Options Market Update 11/29/2012

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Australian stocks are higher on the binary options market with gains among the miners and banks leading the way.  The ASX 200 is up 30.4 points to 4477.70.  Gains are being attributed to optimism out of the US that politicians will reach a deal on the looming fiscal cliff.  Also binary options are rising after a report showed that Australian sales of newly built homes rose for the first time in 4 months.

In the individual binary market shares in BHP Billiton are up 10 cents to $34.10 and Rio Tinto is up 40 cents to $57.10.  In the banking binary share market, ANZ is up 16.5 cents to $23.985, CBA is up 31 cents to $59.29, NAB is 9 cents higher to $23.97, and Westpac up 15.5 cents to $25.185.

Overall binary options on Asian stocks rose as U.S. lawmakers said they’re optimistic for an agreement to avoid automatic spending cuts and tax increases and as the leader of Japan’s opposition party called for unlimited monetary policy easing.

Japan’s main opposition Liberal Democratic Party leader Shinzo Abe wants unlimited easing of monetary policy from the Bank of Japan until inflation reached 2 percent, he said in Tokyo today. The Topix advanced 6.8 percent through yesterday from Nov. 14, when Prime Minister Noda called for a Dec. 16 election, causing the yen to drop on speculation the opposition LDP may win and call for more monetary easing by the Bank of Japan.

Hong Kong’s Hang Seng Index rose 1.1 percent and the Shanghai Composite Index added 0.1 percent. South Korea’s Kospi Index advanced 1 percent, Singapore’s Straits Times Index rose 0.9 percent and Taiwan’s Taiex gained 1 percent.

The Aussie binary currency option is trading near a 2 month high as Risk On sentiment prevails.  The Australian dollar slipped 0.1 percent to $1.0468 as of 3:15 p.m. in Sydney from yesterday, when it gained 0.3 percent. It touched $1.0490 on Nov. 27, the highest since Sept. 21. The Aussie was little changed at 85.96 yen. The currency was poised for a 0.9 percent monthly gain against the greenback and 3.9 percent jump versus the yen.

New Zealand’s currency added 0.1 percent to 82.44 U.S. cents from yesterday, when it advanced 0.4 percent. It was set for a 0.2 percent rise this month. The so-called kiwi dollar fetched 67.71 yen from 67.61.

As always good luck in the binary option market today and be sure to check back for the latest updates!