Economic Events 05/05/2014

Monday 05.04.2014

United Kingdom –  Early May Bank Holiday

Japan –  Ch il d ren ’s  Day

South Korea –  Ch il dren ’s  Day

01:30 AUD Building Approvals (MoM)

Forecast: 1.0%                      Previous: -5.0%

Building Approvals (also known as Building Permits) measures the change in the number of new building approvals issued by the government. Building permits are key indicator of demand in the  housing market.

A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.

09:00 EUR EU Economic Forecasts

Forecast: 54.1                        Previous: 53.9

The forecasts serve as the European Commission’s basis for evaluating economic performance and trends of EU member states in regard to potential austerity measures and other forced spending cuts;

14:00 USD ISM Non-Manufacturing PMI

Forecast: 54.1                        Previous: 53.1

The Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI) (also known as the ISM Services PMI) report on Business, a composite index is calculated as an indicator of the overall economic condition for the non-manufacturing sector. The NMI is a composite index based on the diffusion indexes for four of the indicators with equal weights Business  Activity  (seasonally  adjusted),  New  Orders  (seasonally  adjusted),  Employment (seasonally   adjusted)     and    Supplier  Deliveries.

A reading above 50 percent indicates the non-manufacturing sector economy is generally expanding; below 50 percent indicates the non-manufacturing sector is generally contracting. The Non-Manufacturing ISM Report on Business is based on data compiled from monthly replies  to  questions  asked  of  more  than  370  purchasing  and  supply executives  in  over  62 different industries representing nine divisions from the Standard Industrial Classification (SIC) categories. Membership of the Business Survey Committee is diversified by SIC category and is based     on     each     industry     contribution     to     Gross     Domestic     Product     (GDP).

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

European Daily Market Review 30/04/2014

European binary options markets are little changed, after multiple futures climbed to a three- week high, before a Federal Reserve decision on monetary policy and data on growth in the world’s largest economy. Simultaneously, U.S. stock-index futures and Asian binaries are also not much changed.

In the meantime, the U.S. Federal Reserve is likely to cut bond buying to $45 billion as a two- day policy meeting concludes today, according to the median of economists’ estimates compiled by Bloomberg. The central bank reduced asset purchases in March to a monthly pace of $55 billion from $85 billion in December.

U.K. options are little changed, with the benchmark FTSE 100 (UKX) Index trading near its highest level in more than seven weeks, as several binary options investors awaited data on U.S. growth before a Federal Reserve decision on bond purchases.

The FTSE 100 slipped by 3.8 points, less than 0.1 % to 6,766.11 at 8:35 a.m. in London. The gauge lost 1.4 % from its a 14-year high reached on Feb. 24 amid tension between Russia and Ukraine. The FTSE All-Share Index was also little changed today.

Spain’s gross domestic (GDP) increased by 0.4 % from January to March on a quarterly basis according to preliminary data from the National Statistics Institute on Wednesday, the strongest quarterly growth in six years. That was in  line with economists’ forecasts, and up from 0.2 percent registered in the fourth quarter.

At the same time, binary options on gold dipped ahead of Tuesday’s Federal Reserve policy meeting, losing ground for the third consecutive day as investors prepared for another batch of data that and brutal winter aside.

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 30/04/2014

This morning most Asian binary options markets fluctuated as several binary investors weighed corporate earnings and the Bank of Japan to refrained from expanding stimulus. Simultaneously, the Federal Reserve decides on U.S. monetary policy later today.

As a matter of fact, multiple European and U.S. stock-index futures dropped while a gauge of Asian shares fluctuated as the Bank of Japan maintained stimulus before the Federal Reserve reports on policy. Meanwhile, most commodities retreated, led by oil before U.S. crude-supply data, and China’s yuan slipped to an 18-month low.

The Bank of Japan has cut its target for real gross domestic product (GDP) growth to +1.1 % for fiscal year ending March 2015, which represents a drop from its January projection of 1.4 %. In reality, in its semi-annual report released Wednesday, the central bank however kept its real GDP forecast for fiscal year ending March 2016 unchanged at +1.5 %.

Japan’s Topix index added 0.1 %. In the meantime, South Korea’s Kospi index lost 0.2 %. In addition, Japan’s Nikkei 225 (NKY) Stock Average managed to climbe by 0.1 %, heading for a decline in April of 3.5 %, the most since January, with the yen gaining 0.9 % versus the USD this month. The currency strengthened to 102.32 per dollar after two days of weakness.

Emerging market options lost value after paring a monthly gain, as several large companies led a gauge of technology companies to the lowest level in three weeks, offsetting a rally in telecom shares. The emerging-market gauge has lost 0.6 % this year and trades at 10.4 times projected 12-month earnings.

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  finan cial instrument.

Asian Daily Market Review 29/04/2014

Asian binary options markets put in an indecisive performance on Tuesday as caution ahead of some major events this week overshadowed a late rally on Wall Street.

South Korea’s Kospi (KOSPI) index dropped by 0.3 % to the lowest level since March 26. Meanwhile, major currencies held to tight ranges as Tokyo took a holiday, though the euro hung onto gains on the yen and Australian dollar.

Samsung Electronics Co Ltd’s smartphone shipments rose by 28 % to 89 million units in the first quarter, but the world’s top handset maker lost market share to Chinese and other rivals, research firm Strategy Analytics said on Tuesday. Samsung’s smartphone market share fell to 31.2 % from 32.4 % a year ago, followed by Apple Inc which dropped to 15.3 % from 17.5 %, Strategy Analytics said. Samsung Electronics on Tuesday said profit fell for a second straight quarter as sales in its smartphone division continued to dip.

Emerging binary options market stocks rose, with the benchmark gauge climbing from its lowest level in a month as gains by phone shares offset declines in drugmakers. South Korea’s won advanced to the strongest level since 2008.

Hong Kong binaries swung between  gains and  losses, after the benchmark index  yesterday closed at a one-month low, as phone companies advanced while casino operators slumped.

Binary options on gold retreated for a second day, trimming a monthly rise, on speculation that the Federal Reserve will further reduce U.S. monetary stimulus as it starts a two -day policy meeting today. In reality, bullion for immediate delivery fell as much as 0.2 % to $1,293.68 an ounce, and traded at $1,295.70 at 2:17 p.m. in Singapore.

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 29/04/2014

European futures added values signaling that the major indexes are likely to climb for a second day, as companies from Deutsche Bank AG to ABB Ltd. reported earnings and as the Federal Reserve begins a two-day policy meeting. U.S. stock-index futures rose, while Asian options are little changed.

Deutsche Bank, one of Germany’s largest banks, announced better than expected first quarter net profit of 1.08 billion euro ($1.5 billion) Tuesday, as its core fixed income business slumped by less than expected.

German options advanced for a second day as several companies from Deutsche Bank AG to Infineon Technologies AG reported earnings that beat estimates. The DAX Index (DAX) added 0.7 % to reach 9,514.34 at 10:04 a.m. in Frankfurt. The benchmark gauge is little changed in 2014 as the escalating tensions in Ukraine offset an increase in mergers and acquisitions. The broader HDAX Index also increased by 0.7 % today.

Meanwhile, German government bonds declined for a second day after a report showed annual inflation in the Saxony region quickened in April, damping demand for fixed-income securities.

U.K. binaries increased for a second day as multiple binary investors awaited the outcome of the U.S. Federal Reserve two-day policy meeting that begins today. The FTSE 100 Index (UKX) advanced 28.58 points, or 0.4 percent, to 6,728.74 at 8:52 a.m. in London. The benchmark index has still lost 2 percent since reaching a 14-year high on Feb. 24 amid tension between Russia and Ukraine. The broader FTSE All-Share Index added 0.5 % today.

Binary  options on  the precious metals fell and  European  futures advanced  before the U.S. Federal Reserve begins a two-day policy meeting. At the same time, Asian options outside Japan dropped while South Korea’s won advanced.

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 28/04/2014

Asian binary options markets fell for a third day, with the regional benchmark index heading for a two-week low, as many binary investors weighed corporate earnings and prospects Russia will be subject to new sanctions as tensions over Ukraine intensify.

The Bank of Japan and U.S. Federal Reserve meet on monetary policy this week while markets await reports on American employment and Chinese manufacturing.

Japan’s Topix index fell by 0.8 %. The nation’s retail sales rose 6.3 % in March from February, beating analyst estimates.

Honda Motor Co. Sank by 4.5 % as Japan’s third-largest carmaker forecast a full-year profit that missed analysts’ estimates.

Toyota Motor Corp. (7203.T) will restructure its marketing organization in California, the company said on Sunday. Many of Toyota’s more than 5,000 California-based employees are based at a complex outside of Los Angeles that houses the company’s marketing operations, Toyota Motor Sales USA (TMS).

Yesterday, President Obama visited Malaysia to underscore how much has changed in the last 16 years — not least in this country’s attitude toward the United States, which has evolved from deep-seated suspicion to a cautious desire for cooperation. Speaking at a news conference with Prime Minister Najib Razak, Mr. Obama treaded gingerly on these issues. He said he pressed Mr. Najib during their meeting about Malaysia’s human rights record, which has come under new scrutiny  in  recent weeks because of the legal travails of an  opposition  leader, Anwar Ibrahim.

China’s options lost ground, sending the benchmark index to a five-week low, after the nation’s biggest life insurer reported a drop in profit and concern grew that new share sales will divert funds. China’s economy will keep macro policies stable, while fiscal and monetary policies will stick to their current tones, according to a statement on April 25, citing a Politburo meeting that day.

Emerging-market binaries dropped to a one-month low as Chinese equities in Shanghai sank on concern new shares will divert funds while potential sanctions dragged Russian shares lower. South Korea’s won rose versus the USD.

In the meantime, binary options on Gold traded near the highest level in more than a week, set for a monthly gain, as a worsening crisis in Ukraine stoked haven demand. Assets in the largest exchange-traded product were unchanged for a fourth day. Bullion for immediate delivery rose as much as 0.3 percent to $1,306.59 an ounce, the highest since April 16 .

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 28/04/2014

European  binary  options  advanced,  after  posting  their  fifth  weekly  gain  in  six  weeks,  as companies from AstraZeneca (AZN) Plc to Bayer AG rallied amid an increase in mergers-and- acquisitions activity. U.S. index futures were little changed, while Asian binaries fell.

German option rose, following their decline last week, as Bayer AG (BAYN) said to explore the sale of its plastics division amid rebounding mergers-and-acquisitions activity in Europe.

Bayer added 4.1 % as people with knowledge of the matter said the drugmaker will consider options for its $10 billion material-science division, and the company reported earnings that beat estimates. Mologen AG (MGN) rose 2.3 percent after saying its cancer drug passed an early stage trial in the U.S., while Medigene AG (MDG1) advanced by 5.5 % after getting a patent.

The DAX Index (DAX) climbed by 0.4 % to 9,441.16 at 10:01 a.m. in Frankfurt, following a loss of 0.1 % last week. The equity benchmark is 3.1 percent away from a record reached on Jan. 17. The number of shares changing hands in DAX-listed stocks today is 25 % lower than the average of the past 30 days.

U.K. binary markets added some values after two straight weekly increases, led by a surge in AstraZeneca Plc. The FTSE 100 Index (UKX) advanced 17.58 points, or 0.3 %, to 6,703.27 at 9:04 a.m. in London. The gauge rose by 0.9 % last week. The benchmark index is still down 2.4 percent since reaching a 14-year high on Feb. 24 amid tension between Russia and Ukraine. At the same time, the broader FTSE All-Share Index climbed by 0.2 %, and Ireland’s ISEQ Index added 0.6 %.

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 th e 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 24/04/2014

On Thursday,  binary  options  traders saw stocks in Asia mostly trading lower. This happened after ending  the  winning  streak  and closed  slightly  lower  yesterday`s  session.  On Wednesday,  binary options traders saw markets being held back by a worse-than-expected report on the U.S. housing market, the result of which was a decline by 14.5% far from expectations for a 2.3% rise.

Among averages, binary options traders saw Japan`s Nikkei dropping 0.97%. South Korea`s Kospi after results for the country`s first-quarter GDP showed an increase of 0.9% quarter-on-quarter rate, just a bit below expectations of 1% increase. Australia`s S&P/ASX 200 gained 0.2%. Among other indices, China`s Hang Seng Index is trading 0.24% and the Shanghai Composite dropped 0.3%.

On  Thursday,   binary  options  traders  saw  no  significant  catalysts  which  kept  markets  near  a break-even mark, this on the other hand left investors hanging and looking for cues. Meanwhile in Japan, binary options traders were waiting for the fiscal year earnings season to strengthen.

What also catches binary options traders` attention is the fact that U.S. President Barack Obama is visiting Japan, this possibly leads  to an announcement relating to the Trans-Pacific Partnership talks. Taking a look at currencies, binary options investors saw New Zealand dollar which managed to inch up after the central bank of New Zealand raised interest rates.

In other news, binary options traders saw Apple suppliers rallying after the U.S. company authorized a 7-for-1 stock split, trying to share more of its cash hoard and approving an 8% dividend increase.

In stocks, binary options investors saw Toyota Motors dropping over 1% despite selling as much as 2.58 million vehicles globally and keeping its position as the world`s best selling car maker.

Disclaimer:

The information in the above 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 24/04/2014

On Thursday, binary options investors saw shares in Europe trading higher as a bunch of earnings in the U.S. and Europe helped for investor sentiment to be boosted.

Among indices, the Euro Stoxx 600 Index enjoyed a rally in morning trade with all sectors managing to break higher. Technology stocks in Europe made a rebound after Wednesday`s selling , while binary options  traders  were  distracted  by a lead of earnings  yesterday  evening.  The FTSE 100 Index  is currently trading 0.69% up, followed by the German DAX which is almost one percent up, followed by the IBEX 35 which is 0.80% up and the leading gainer is the CAC 40 Index which is trading 1.05% up.

In other news, binary options traders were focused on Mario Draghi (the president of the European Central Bank) who is speaking on the monetary policy in Amsterdam. According to him the bank could start a broad-based asset purchases program in case of bad medium-term outlook for inflation.

In economic news, binary options investors saw Germany`s businesses came to be more confident for the month of April.

Meanwhile, binary options traders saw stocks in Asia extending losses overnight after a joint press conference.  The press  conference  was from the U.S. President  Barack  Obama  and Japan`s Prime Minister Shinzo Abe, there is an agreement that negotiations on the Trans-Pacific Partnership will continue at a ministerial level. By looking at the facts, binary options traders were quite disappointed that there was no conclusion of the deal.

Disclaimer:

The information in the above 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 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.