Binary Options: Daily Market Review
June 14, 2013
The markets in Asia, the rate of positive trading on Friday after a massive sell-off on Thursday. The value of binary options on the Nikkei 225 rose nearly 3 percent today after falling more than 6 percent the previous day. At the end of trading on Thursday, the Japanese benchmark index fell more than 20 percent compared to the multi-year high in just three weeks, entering a bear market. Optimistic data on retail sales and weekly unemployment claims reading in the U.S. sparked a rally on Wall Street and raised investors' expectations for the Federal Reserve's policy meeting next week.
Global market sentiment changed to positive after the largest economy in the world, posting better-than-expected data.
The dollar moved higher against most of its counterpart after the announcement and broke the 95 level against the yen in the first half of the day. The value of binary options on the USD / JPY is currently hovering around the key level and clear movement above it will bring consolidation on top. On Thursday, the pair dropped below the 94 level reaching the lowest level in more than three months.
Decline in the yen supports exporters in Japan's Honda Motor rose 1.8%. Toyota shares rose 1.6% after falling by more than 4 percent yesterday while Suzuki Motor jumped 4 percent. Developers are better than the market, with Sumitomo Realty & Development gaining 6.4 percent and Mitsubishi Estate growth of 7.3 percent. JTEKT car manufacturers have moved above 6 percent followed by electrical equipment manufacturer Yokogawa Electric with 5.7 percent gain today.
Australian shares in positive territory with the binary options trading on the ASX 200 added 1.9 percent on Friday after hitting a 5 ½-month low on Thursday. Sydney's stock index rose above 4,700 mark by adding 91 points. Relative strength index for the main index jumped ten points to 31 from a reading of the previous day's 21. The index is considered "oversold" when RSI moves below the 30 level. Iron ore miners and services companies, among the biggest losers last, have soared. Shares of Leighton Holdings and Fortescue Metals Group jumped over 6 percent each.
The banking sector also performed well with National Australia Bank added 3.6 percent. Aussie also moved against the dollar recently and positing a fourth consecutive bullish strength. The value of binary options on the AUD / USD back above the 0.96 area, after rising 2 percent overnight.
Shanghai Composite moved 0.3 percent higher as investors sought bargains in small-cap share, but concerns about slowing growth in China gains limited. The Hang Seng Index added more interest as a property of general LED winner. Chinese index index rose above the level of 2150, but still below its 200-day simple moving average. Infrastructure stocks were the best performers with long Yuan Construction of more than 1 percent.
In South Korea, the main benchmark index set top job losses of 1.8 percent this week. Binary options on the KOSPI gained 0.2 percent on Friday, but is still available below 1,900 mark. Heavyweight Samsung Electronics shares rose 1 percent after six consecutive sessions heavy losses. In the past, the session has reached its seven-month low. Investors traded higher shares of automaker Kia Motors as Korean exporters benefited from a strong yen.
European major markets expected to open higher today after positive global sentiment. Stocks in Europe after a positive start better-than-expected economic data in the U.S. sparked a rally on Wall Street and Asia.
Britain's FTSE 100 waited 27 points, the German DAX by 55 points in 8150, and France's CAC rose 14 points to 3811. Major European indices are expected to open higher ahead of inflation data. Each year, reading core consumer price index and the consumer price index will be released at 9:00 GMT. The quarterly change in employment in the euro area will be shown at the same time. Bank of Cyprus reports full-year earnings today.
In Italy, a deeper than expected recession hurt the public finances of the country, but it can keep the budget deficit below 3 percent of production without more fiscal tightening, Minister of Economy Fabrizio Saccomanni announced yesterday.
