Asian Daily Market Review 17/04/2014

Asian binary options markets crept higher on Thursday as dovish comments from the head of the U.S. Federal Reserve lifted Wall Street while weighing on the USD, with trade light heading into the Easter holidays.

Asian binaries markets added values for a second day after U.S. industrial production increased more than  forecast in  March  and  Federal Reserve Chair Janet Yellen  said  the central bank remains committed to supporting the economic recovery.

Japanese futures closed little changed after the Topix (TPX) index swung between gains and losses following yesterday’s steepest rally in two months. Textile makers rose while the yen dragged on exporters.

The Topix  Textiles  advanced by 1.1 % for the biggest gain among the broader gauge’s 33 industry groups. Canon Inc. climbed 1.3 percent on a report the world’s largest camera maker will post a 50 % gain in quarterly operating profit. Honda Motor Co., which gets more than 80 percent of sales overseas, lost 2.1 percent as the yen strengthened for the first time in five days.

The Nikkei 225 Stock Average is also largely unchanged today at 14,417.53. The yen gained 0.3 % to 101.96 per USD after weakening the past four days.

China’s interest-rate swaps fell by the most since June after the government said it will lower reserve-requirement ratios at some rural banks.

Most emerging market options inclined as multiple binary options investors weighed prospects for economic stimulus in China and the U.S. Hong Kong stocks rose, with the benchmark index gaining for a second day, after better-than-expected U.S. industrial production boosted optimism in the world’s largest economy.

In the meantime, binary options on Gold traded near $1,300 an ounce, set for a weekly drop, as investors weighed signs of U.S. recovery against tension in Ukraine. Assets in the largest gold – backed exchange-traded product sank the most this year. Bullion for immediate delivery traded at $1,301.55 an ounce at 2:20 p.m. in Singapore from $1,302.53 yesterday.

Disclaimer: The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part  of  this  analysis  recommends the  purchase or  sale  of  a  currency  pair  or  any  other  financial instrument.

European Daily Market Review 17/04/2014

European  futures are little changed, with equities heading for a weekly gain, as Federal Reserve Chair Janet Yellen reiterated the central bank will continue to support the economy. In the meantime, U.S. index futures are little changed, while Asian options inclined.

Simultaneously, Yellen said the U.S. central bank is committed to maintaining an appropriate level of monetary accommodation to support the country’s economic recovery. Investors should watch shortfalls in both inflation and the jobless rate for indications on the Federal Open Market Committee’s decision on the federal-funds rate, she said in a speech in New York after European markets closed yesterday.

The European car market continues to grow, according to industry data published on Thursday, with manufacturers’ incentives contributing to a seventh straight monthly gain in March.

Registrations of new passenger cars, a proxy for sales, grew 10.6 % last month from the same period a year earlier, the European Automobile Manufacturers’ Association reported from Brussels. It was the largest rise since a 10.8 % increase in March 2010, when so-called cash-for- clunkers incentives were artificially propping up the market.

U.K.’s FTSE 100 Index, after the world’s largest distiller said sales slipped by 1.3 % in the third quarter. U.K. stocks are little changed, with  the benchmark FTSE 100 Index  heading for a weekly gain.

Foreign ministers from East and West are trying to defuse the Ukraine crisis on Thursday in Geneva, once frequently the scene of Cold War negotiations, but will risk being upstaged by Russian President Vladimir Putin. With Russian troops massed on the border with Ukraine, prospects of significant progress at the four-way talks could appear slim.

Disclaimer: The information in this analysis is collected from different sou rces and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part  of  this  analysis  recommends the  purchase or  sale  of  a  currency  pair  or  any  other  financial instrument.

European Daily Market Review 16/04/2014

European stock-index futures rose, after equities fell yesterday to a three-week low, as investors awaited reports that may show American housing and industrial activity increased. U.S. index futures and Asian shares climbed.

The U.S. Federal Reserve is not likely to raise interest rates until the economy is much closer to full strength, two of the Fed’s most dovish policymakers said on Tuesday.

German Chancellor Angela Merkel spoke with Russian Presid ent Vladimir Putin by telephone last night, focusing on the crisis talks between Russia, Ukraine, the European Union and the United States to be held in Geneva on Thursday.”While there were differences in the interpretation of current events, preparations for the planned meeting in Geneva…were the focus of the talks,” Merkel’s office said in a statement.

Danone SA on Wednesday reported a 5.2% drop in first-quarter sales, weighed down by unfavorable foreign-exchange movements in some key emerging markets and as the group’s turnaround in the crucial Chinese market take time. Danone reported that sales fell to €5.06 billion ($6.99 billion) from €5.34 billion in the same period a year ago.

Ukrainian  forces  launched  a  ”special  operation”  yesterday  against  separatist  militia  in  the Russian-speaking East, authorities said, although aside from a landin g by airborne troops the action was limited. Soldiers disembarked from two helicopters at an airfield at Kramatorsk, where reporters earlier heard gunfire that seemed to prevent an air force plane from landing

Yesterday, European lawmakers approved some key laws reforming the euro zone’s banking sector, completing a “banking union” which will protect taxpayers from having to pay for costly bank bailouts in future. “This new legislation stipulates what has to happen when a bank needs to be resolved, that (it) is wound down in an orderly fashion with a minimum impact on taxpayers and financial stability,” Gunnar Hökmark, a Swedish member of European Parliament (MEP) said in the Strasbourg plenary session.

In the meantime, binary options on brent crude fell for the first time in three days as Chinese data showing a reduced pace of economic growth countered concern that the crisis in Ukraine is escalating.

Disclaimer: The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.

Asian Daily Market Review 15/04/2014

Asian binary options markets swung from gains to losses as Chinese equities tumbled after a report showed  new credit fell,  underscoring risks of a deepening slowdown in  the  world’s second-biggest economy.

Nerves got the better of Asian share markets this morning as they turned lower after an upbeat U.S. retail sales report was eclipsed by soft data from China, providing a stark reminder to investors of the headwinds facing the world’s second-largest economy.

Japan’s Topix index rose by 0.3 % as Asics climbed by 3.6 % to 1,923 yen. Singapore’s Straits Times Index jumped by 0.9 %, Australia’s S&P/ASX 200 Index added 0.5 %, while South Korea’s Kospi index slipped 0.2 percent.

Australia’s  dollar  declined  against  all 16  major  peers  after  minutes of  the  Reserve  Bank’s meeting this month signaled a rise in the local currency was a drag on efforts to achieve balanced growth. The Aussie fell from near the highest in five months versus the greenback after the central bank reiterated the most prudent course is likely to be a period of steady interest rates in minutes published today from its April 1 meeting.

Hong Kong binaries slid, with the benchmark index heading for the biggest drop in almost a month, after data showed China’s new credit fell in March from a year earlier and money supply grew at the slowest pace since 2001.

The demand for binary options on Gold in China, which overtook India as the largest user last year, will rise about 25 percent in the next four years as an increasing population gets wealthier, according to the World Gold Council.

Disclaimer: The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.

European Daily Market Review 15/04/2014

Most of the European binary options markets are little changed, after yesterday’s advance, as multiple binary investors weighed violence in eastern Ukraine and the slowest Chinese money supply growth in almost 13 years. At the same time, U.S. futures and Asian options are also little changed.

The U.K.’s FTSE 100 UK:UKX -0.25% is down by 0.2% at 6,573.33, and Germany’s DAX 30 DX:DAX -0.67%  fell by 0.6% to 9,283.10 ahead of the release of the ZEW investor-sentiment survey. Additionally, France’s CAC 40 FR:PX1 -0.27% which opened flat.

European binaries are slightly lower Tuesday, with the conflict in Ukraine among the factors weighing on the market.

Roche (ROG) Holding AG rose by 1.4 % after reporting quarterly sales that met analyst estimates. The Swiss pharmaceuticals company Roche posted a rise in first-quarter sales but failed  to  meet  market  expectations  as  a  strong  Swiss  franc  hit  results.  However,  its  chief executive Severin Schwan reported that while foreign exchange was a big risk for Roche, a new line of breast cancer treatment would help strengthen the company . Group sales in the quarter rose 5 percent to 11.496 billion Swiss francs ($13.057 billion) the company said.

The European Central Bank (ECB) still plans to take action to combat the problem of low and falling inflation despite holding off and disappointing markets over the past few months, according to  Portugal’s finance minister.  Maria  Luís Albuquerque forecast the central bank would  soon  instigate monetary  easing to  boost inflation, highlighting  ECB President Mar io Draghi’s insistence at his last news conference that the use of “unconventional ” policies was still under consideration.

The UK inflation rate as measured by the Consumer Prices Index (CPI) fell to 1.6% in March from 1.7% in February, according to the Office for National Statistics (ONS). In the meantime, the rate of Retail Prices Index (RPI) inflation also fell to 2.5% from 2.7%.

Binary options on Gold fell from a three-week high in London on speculation that signs of an improving U.S. economy will curb demand for a haven.

Disclaimer: The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part  of  this  analysis  recommends the  purchase or  sale  of  a  currency  pair  or  any  other  financial instrument.

US Daily Market Review 14/04/2014

U.S. binary options markets increased following the Standard & Poor’s 500 Index’s worst week since 2012, as  retail sales gained  the most since 2012 and  Citigroup  Inc. (C) jumped  after earnings unexpectedly increased.

U.S.  retail sales  recorded  their  largest  gain  in  1-1/2 years  in  March,  in  the  latest sign  the economy was emerging from its wesather-induced slumber and on track to accelerate in the second quarter.

The Nasdaq Composite trades at 35 times reported earnings of the companies in t he index. In reality, the double the ratio for the S&P 500 (SPX), which trades at about 17 times earnings.

In the meantime, the USD rose against major rivals Monday after U.S. retail sales in March came in better than expected, providing more evidence in favor of a continued reduction of Federal Reserve stimulus. The dollar USDJPY +0.10%  rose to ¥101.87 from ¥101.69 late Friday, while the British pound GBPUSD +0.02% fell to $1.6705 from $1.6736.

Disclaimer: The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity o f the presented information. No part  of  this  analysis  recommends the  purchase or  sale  of  a  currency  pair  or  any  other  financial instrument.

European Daily Market Review 14/04/2014

European binary options markets fell for a third day, after completing their worst week in a month, as investors weighed increasing violence in Ukraine. In the meantime, U.S. stock-index futures are little changed, while Asian shares declined.

European  binaries  lost  momentum  this  morning,  as  multiple  binary  investors  extended  last week’s selloff, and as markets watched escalating tensions between Ukraine and Russia.

German binary options declined for a third day, for the longest losing streak since February for the benchmark DAX Index (DAX), as tensions escalated between Russia and the U.S. over the violence in eastern Ukraine.

The DAX Index retreated by 0.6 % to 9,263.8 at 10 a.m. in Frankfurt. The gauge fell by 3.9 % last week amid a selloff in stocks considered too expensive by some investors. The broader HDAX Index also slid by 0.6 %.

The United Nations Security Council held an emergency session on last night to discuss the escalating crisis in Ukraine, just hours before a deadline by Kiev for pro -Russian separatists to disarm by Monday morning or face a “full-scale anti-terrorist operation” by its armed forces. The Council began meeting at 8 p.m. (0000 GMT on Monday) at Russia’s request after Moscow called Kiev’s plans to mobilize the army to put down a rebellion by pro -Russian militants in eastern Ukraine “criminal.”

Russia is ready to talk about helping out Ukraine financially – but only if Ukraine recognizes the annexation of Crimea. Anton Siluanov also rejected suggestions that Russia was trying to force the Ukrainian government’s hand via hiking gas prices paid to Russian state-backed gas company Gazprom.

Binary options on Gold climbed as high as $1,329.92 an ounce and crude in New York rose by 0.4 % as of 7:42 a.m. in London. Palladium, of which Russia is the biggest producer, added 0.7 %.

Disclaimer: The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part  of  this  analysis  recommends the  purchase or  sale  of  a  currency  pair  or  any  other  financial instrument.

Asian Daily Market Review 10/04/2014

Asia’s benchmark stock index erased earlier gains as data showed an unexpected fall in exports from the region’s biggest economy.

The Fed played down forecasts by some of its own policy makers that rates may rise faster than previously projected after comments last month from Chair Janet Yellen fueled bets for higher borrowing costs as soon as mid-2015.

Japan’s Topix index is between gains and losses after minutes of the Federal Reserve’s meeting allayed concern about the timing of interest-rate increases, while the yen rose and China’s trade data unexpectedly fell. The Topix fell by 0.1 %to 1,149.34 as of 2:01 p.m. in Tokyo after rising as much as 1.5 percent. In the meantime, the Nikkei 225 Stock Average retreated by 0.2 % to 14,274.90.

Binary options on Toyota Motor Corp. Slid by 2.5 %, extending yesterday’s slump after recalling more than 6 million vehicles. Japan’s No. 1 company by market value is poised for a sixth day of declines, its longest losing streak since September 2012.

The yen strengthened against most counterparts while the Australian dollar pared gains after China reported an unexpected drop in imports and exports, fueling concern about demand for commodities. The Aussie rose after employers added more than seven times as many jobs as forecast.

China’s exports tumbled for a second straight month in March while imports unexpectedly slumped, heightening concerns over the health of the world’s second -biggest economy. Exports dropped by 6.6 % from the year-ago period, official data showed on Thursday.

Emerging market currencies slipped, commodities fell and stocks pared gains as a surprise drop in China’s trade tempered optimism after the Federal Reserve eased concern about U.S. rate rises.

Disclaimer: The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part  of  this  analysis  recommends the  purchase or  sale  of  a  currency  pair  or  any  other  financial instrument.

European Daily Market Review 10/04/2014

European stock-index futures rose, indicating the region’s equities will gain for a second day, after the minutes from the Federal Reserve’s last meeting eased concern about when interest rates will next increase. In the meantime, U.S. index futures are little changed, while Asian options advanced.

A five-year benchmark issue for Greece, its first international bond issue in four years, has attracted more than 11 billion of investor interest as they cast aside memories of a painful haircut they suffered two years ago.

European government bonds advanced as Greece returns to debt markets for the first time since 2010 with a 2.5 billion-euro ($3.46 billion) sale of five-year notes via banks today.

Italian bonds climbed for a second day, while Greek 10-year yields stayed below 6 %. Ireland, which emerged from its bailout program in December, plans to auction 1 billion euros of 10-year debt today. Simultaneously, European Central Bank President Mario Draghi’s pledge to do “whatever it takes” to save the euro, Greece is no longer talked of as the first country likely to leave the single currency.

France will encourage mergers and acquisitions among the country’s wireless carriers and has asked market leader. Vivendi SA (VIV) agreed April 5 to sell SFR to billionaire cable tycoon Patrick Drahi and his Altice telecommunications holding company in a deal valued at more than 17 billion euros ($23 billion), rejecting a sweetened government-backed offer from Bouygues SA. (EN).

European companies have pushed cash balances to 2 trillion euros ($2.8 trillion), close to the most since at least 2003, following the 2008 financial crisis, according to data researches.

Disclaimer: The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part  of  this  analysis  recommends the  purchase or  sale  of  a  currency  pair  or  any  other  financial instrument.

: European Daily Market Review 08/04/2014

European binary options markets are little changed, after dropping yesterday from a six-year high, as multiple binary investors weighed escalating tensions between the U.S. and Russia over the future of Eastern Europe. In the meantime, U.S. index futures rose, while Asian binaries partly fell.

Britain’s FTSE 100 opened 16 to 19 points lower, or down by 0.3 %, Germany’s DAX to open 7 to 10 points lower, or down by 0.1 % and France’s CAC 40 opened almost unchanged.

U.K. futures fell for a second day as many binary options traders weighed the escalating tension between the U.S. and Russia over the future of Ukraine. The FTSE 100 Index (UKX) retreated

17.42 points, or 0.3 %, to 6,605.42 at 9:10 a.m. in London. U.K. equities have slipped by 3.8 % since reaching their highest level in 14 years on Feb. 24, taking their decline this year to 2.1 %. The broader FTSE All-Share Index also lost 0.3 % today.

German options dropped, after falling the most in a month yesterday, as the U.S. accused Russia of provoking further unrest in Ukraine, renewing concern that the crisis could disrupt global trade.

The DAX Index (DAX) slipped by 0.2 % to 9,491.27 at 9:46 a.m. in Frankfurt. The equity gauge fell 1.9 % yesterday for its biggest one-day drop since March 7. The broader HDAX Index retreated 0.3 today.

Turkey’s  central bank  is  resisting  pressure  from  Prime  Minister  Recep  Tayyip  Erdogan  to quickly reverse January’s interest-rate increases, thus suggesting that any cuts will come in gradual and measured steps. Governor Erdem Basci said yesterday there was no need to hold an extraordinary meeting to lower rates, rejecting an April 4 call from Erdogan after his party won municipal elections the weekend before.

British manufacturing increased much more strongly than expected in February, another sign that the country’s economy has kept up its strong pace going into 2014, official data sh owed on Tuesday. Manufacturing output expanded  by  1.0 %  in  February  from  January  - its biggest increase since September last year.

Disclaimer: The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part  of  this  analysis  recommends the  purchase or  sale  of  a  currency  pair  or  any  other  financial instrument.