Binary Options Leader http://www.binaryoptionsleader.com Binary Options Trading, Education and Bitcoin Sun, 28 Aug 2016 21:12:30 +0000 en-US hourly 1 https://wordpress.org/?v=4.6.1 European Stocks Close Higher after Yellen /making-the-news/european-stocks-close-higher-yellen/ Sun, 28 Aug 2016 21:12:30 +0000 /?p=3328 European stock markets seesawed during the afternoon, only to close higher after investors reacted to Janet Yellen’s speech at the Jackson Hole symposium. She came across as more hawkish and equities moved higher. The pan-European STOXX 50 was up over 0.7 percent on the day as it seesawed around 3pm London time as Yellen spoke. The FTSE 100, in London was also higher as well as the CAC 40 and German stocks each up 0.4 percent on Friday. During her much awaited speech in Jackson Hole, Yellen was upbeat about the US economy and voiced expectations that interest rate hikes...

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European stock markets seesawed during the afternoon, only to close higher after investors reacted to Janet Yellen’s speech at the Jackson Hole symposium. She came across as more hawkish and equities moved higher.

The pan-European STOXX 50 was up over 0.7 percent on the day as it seesawed around 3pm London time as Yellen spoke. The FTSE 100, in London was also higher as well as the CAC 40 and German stocks each up 0.4 percent on Friday.

During her much awaited speech in Jackson Hole, Yellen was upbeat about the US economy and voiced expectations that interest rate hikes were ahead. She spoke towards market speculation of whether or not the Federal Reserve (Fed) would resume tightening which began in December 2015.

Yellen Indicates Rate Hikes Boosting Sentiment on the European Continent

Yellen was a bit cautious here but indicated more rate increases were on the foreseeable horizon. This also helped to boost US stock markets, which were higher after Europe closed.

During her speech, Janet Yellen acknowledged that “the case for an increase in the federal funds rate has strengthened” for a near term rate hike. However, most Fed officials want to see more concrete evidence of a rebound in the gross domestic product (GDP) as well as the inflation rate moving towards the two percent target. It would appear that December is the most likely month for another rate hike this year.

Numerous Fed officials gave media interviews on Thursday. Esther George, Kansas City head, said she was in favor of gradually raising rates. She is a voting member of the Federal Open Markets Committee (FOMC). Stanley Fischer, the vice-chair of the Fed, said policy members are currently debating the next moves as to policy.

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European Markets set to Open Rather Quietly /making-the-news/european-markets-set-open-rather-quietly/ Mon, 22 Aug 2016 06:37:30 +0000 /?p=3327 Markets on the European continent are set for a rather muted opening to start the week. Investors are following Asia’s rather mixed day and eyeing a key speech from Federal Reserve Board (Fed) Chari Janet Yellen later this week at Jackson Hole. This meeting will produce some key insights on the timing of the next Fed rate hike as well as other key monetary policy decisions an decision making processes. In London, the FTSE 100, at the time of this report, is set to open two points lower. Stocks in Germany are set to open a point higher and in...

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Markets on the European continent are set for a rather muted opening to start the week. Investors are following Asia’s rather mixed day and eyeing a key speech from Federal Reserve Board (Fed) Chari Janet Yellen later this week at Jackson Hole. This meeting will produce some key insights on the timing of the next Fed rate hike as well as other key monetary policy decisions an decision making processes.

In London, the FTSE 100, at the time of this report, is set to open two points lower. Stocks in Germany are set to open a point higher and in France the CAC 40 futures are one point lower.

This morning, the US Dollar was higher against most of its trading counterparts, including the yen and the euro, thanks to Fed vice –chair Stanley Fischer who said that the world’s largest economy was on target to meet their two percent inflation target.

European Investors wait on Yellen

On Friday, August 26, Janet Yellen will talk at the Fed’s annual Jackson Hole Monetary Policy Symposium. Markets will watch very closely for any comments on the state of the United States’ economic recovery and when the Fed will raise rates next.

Comments should be a bit more hawkish on the economy which should give support to the almighty Buck. These comments should also show support for US Treasuries and interest rates.

European markets are opening after a rather mixed trading session in the Asian and Pacific Rim financial markets. Oil prices also pulled back this morning.

As far as the economic and corporate calendars are concerned today, during the European trading session, both are rather quiet. There will be no major earning releases scheduled for the first trading day of the week. This could lead to some drifting where price action is concerned.

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Economic Growth in Japan Misses the Mark /making-the-news/economic-growth-japan-misses-mark/ Mon, 15 Aug 2016 04:56:01 +0000 /?p=3326 Most financial stock markets in Asia reversed earlier losses to close a bit higher. However, economic growth in Japan missed the mark, showing no growth in the third quarter. In Japan, the headline Nikkei 225, oscillated between gains and losses, to trade down 0.2 percent. The Topix, in Tokyo, was also a bit lower on the day. In Australia, the ASX 200 was up moderately in the afternoon as it tracked the financial sub-index higher. The material sub-index lost 1.47 percent and the gold sub-index lost 2.95 percent as resource plays were under heavy pressure. Major minors each fell over...

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Most financial stock markets in Asia reversed earlier losses to close a bit higher. However, economic growth in Japan missed the mark, showing no growth in the third quarter.

In Japan, the headline Nikkei 225, oscillated between gains and losses, to trade down 0.2 percent. The Topix, in Tokyo, was also a bit lower on the day. In Australia, the ASX 200 was up moderately in the afternoon as it tracked the financial sub-index higher. The material sub-index lost 1.47 percent and the gold sub-index lost 2.95 percent as resource plays were under heavy pressure.

Major minors each fell over two percent with Fortescue falling well over four percent on the day.

In Hong Kong, the Hang Seng Index was up 0.7 percent and the markets on mainland China were also higher, trading up over two percent. News has surfaced that the China Securities Regulatory Commission (CSRC) is preparing for the imminent launch of the Shenzhen to Hong Kong connect.

This will be very similar to the Shanghai to Hong Kong connect which will allow investors to by Chinese shares on the Hong Kong exchange. This will be positive for investors looking to invest in Chinese A-Listed shares as well as small-caps.

The financial markets in South Korea were closed for the public Liberation Day holiday.

Economic Data from Japan Shows no Economic Growth in Q3

Before the financial markets opened today, the world’s third largest economy, released its gross domestic product (GDP) for the third quarter (Q3). Their economy came in unchanged from the previous quarter, showing zero economic growth which means their economy has grown a tepid 0.2 percent year-to-date.

Economists had expected the economy, in Japan, to grow by 0.7 percent (annual) and a 0.2 percent expansion quarter on quarter.

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Asian Stocks Gain after a Strong NFP Report /making-the-news/asian-stocks-gain-strong-nfp-report/ Mon, 08 Aug 2016 04:52:36 +0000 /?p=3325 This morning, Asian markets began the week higher, as Japan led the winners. Sentiment was boosted by a stronger-than-expected non-farm payroll (NFP) report out the United States. The NFP was released Friday morning, Eastern Standard Time. In Japan, the benchmark Nikkei 225 rose nearly two percent and the broader base Topix was up nearly 1.5 percent as the yen weakened. In the Down Under, the S&P ASX 200 was higher on the day as the financial sub-index, which is heavily weighted, rose 1.34 percent. The major Big 4 banks were up one percent each with the National Australia Bank or...

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This morning, Asian markets began the week higher, as Japan led the winners. Sentiment was boosted by a stronger-than-expected non-farm payroll (NFP) report out the United States. The NFP was released Friday morning, Eastern Standard Time.

In Japan, the benchmark Nikkei 225 rose nearly two percent and the broader base Topix was up nearly 1.5 percent as the yen weakened.

In the Down Under, the S&P ASX 200 was higher on the day as the financial sub-index, which is heavily weighted, rose 1.34 percent. The major Big 4 banks were up one percent each with the National Australia Bank or NAB rising 1.45 percent today.

In South Korea, the Kospi Composite was up moderately and shares in Hong Kong gained over one percent. On mainland China the stock bourses were lower on the day.

The US NFP Makes Asian Investors Cheer

The Fed has been telling us that the US economy would gather steam in the second half of 2016. This jobs report convinced investors, not only in the United States but in the Asian markets, they were right.

The NFP was another clear cut sign that that there is improving economic health in the world’s largest economy. The United States added 255,000 new jobs in July. Analysts and economists had expected a print of 180,000. The unemployment rate stayed steady at 4.9 percent and wages were up. For the year, wages are up a little over 2 percent.

There was a nice advance in workweek hours, hourly earnings and participation rate. This shows this latest NFP was a quality release. The latest NFP, before the next monetary policy meeting of the Fed, could mean a move sooner than later. There is a chance the Fed will raise rates in September or October.

After the release, US stock indices closed sharply higher with the S&P and Nasdaq setting fresh all-time highs.

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The Dow and S&P end a 4 Week Win Streak /making-the-news/dow-sp-end-4-week-win-streak/ Mon, 01 Aug 2016 05:28:38 +0000 /?p=3324 US stock indices had a mixed session on Friday. This was also the last trading day of the month. Investors get some encouraging earnings from major technology companies which offset warning signs from energy companies and a disappointing gross domestic product (GDP) release. The world’s largest economy is growing, but not robustly. This means you depend on what growth you get from individual companies and tech companies are a growth environment right now. The tech heavy Nasdaq Composite finished at an all-time high, a new yearly high and now has a five week long streak of gains. Gains were supported...

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US stock indices had a mixed session on Friday. This was also the last trading day of the month. Investors get some encouraging earnings from major technology companies which offset warning signs from energy companies and a disappointing gross domestic product (GDP) release.

The world’s largest economy is growing, but not robustly. This means you depend on what growth you get from individual companies and tech companies are a growth environment right now.

The tech heavy Nasdaq Composite finished at an all-time high, a new yearly high and now has a five week long streak of gains. Gains were supported by Alphabet which jumped three percent and Amazon.com which were up 0.8 percent on the day thanks to earnings that beat estimates.

The Dow Jones and S&P Finish Lower for the Week

The S&P 500, the global bellwether for the United States economy, was able to crawl higher for the day but ended lower for the week. This meant that four straight weeks of gains ended. The index did hit a new intraday high as telecommunication and utilities leading the way. However, the index was affected by falling Treasury yields, thanks to a miss with the GDP.

The Dow Jones lost about 24 points on Friday to end the week. Shares of McDonald’s and Goldman Sachs were the biggest losses. The blue chip benchmark lost three quarters of a percent for the week as it, too, snapped four straight weeks of advances.

The stock bourses, in the United States, did have a good month. The three major averages each posted gains for July. The Dow Jones was up 2.8 percent for July as it is now in a six month long streak of gains. This is the blue chip index longest win streak in over three years.

US Stocks, will open up tracking a mixed day out of Asia. European stock markets are due to open this morning as well.

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Japan should stop with the Weaker Yen /featured-headlines/japan-stop-weaker-yen/ Fri, 29 Jul 2016 03:00:18 +0000 /?p=3322 Japan has placed a lot of resources towards keeping its currency weak. They are doing this in order to boost their exporting companies. However, a stronger Japanese Yen might be exactly what this country needs to get out of its decades long rut of disinflation and zero economic growth. Japan’s government is famous for its quasi-promises to keep its currency weak so it and support and buy time for exporters, which make up the bulk of their economy and financial markets. By focusing only on the exporting sector, it takes away from focusing on what they should really do. Domestic economic...

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Japan has placed a lot of resources towards keeping its currency weak. They are doing this in order to boost their exporting companies. However, a stronger Japanese Yen might be exactly what this country needs to get out of its decades long rut of disinflation and zero economic growth.

Japan’s government is famous for its quasi-promises to keep its currency weak so it and support and buy time for exporters, which make up the bulk of their economy and financial markets. By focusing only on the exporting sector, it takes away from focusing on what they should really do. Domestic economic reform.

Japan, is getting ready to fire a double barrel shotgun, this morning, specifically designed to kick start its flagging economy by easing economic monetary policy. The main goal of this looks to be wiping out the gains of a newly resurgent yen.

Bank of Japan to Announce New Easing Measures

This morning, the Bank of Japan (BOJ) is expected to announce another monetary easing blast, from its shotgun. Their two day monetary policy meeting is getting ready to come to an end today. The BOJ, shortly, will announce, if everything goes according to plan, another big round of monetary easing with an interest rate cut deeper into negative territory or another round of asset purchases or both.

At the same time this is happening, Prime Minister Shinzo Abe has announced plans to add ¥28 trillion of money into the economy. This is nearly six percent of their gross domestic product.

This is yet another well planned, double barrel shotgun approach in line with Abenomics to break Japan out of its decade’s long moribund economy. This plan was introduced in 2013 by PM Shinzo Abe when he gave us his three key arrows to bring back inflation and economic growth to Japan. Firstly, massive quantitative easing. Then the government would increase spending. Then structural reforms which includes changes to labor and immigration.

They have yet to really focus on the third arrow and maybe they should.

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US Stocks Gain as S&P 500 Hits a Record High /making-the-news/us-stocks-gain-sp-500-hits-record-high/ Sun, 24 Jul 2016 05:17:54 +0000 /?p=3321 Friday, US stock markets moved higher for the fourth week in a row and the S&P hit a new record high. Investors digested a mix bag of corporate earnings and a stronger than expected US manufacturing data release. At market close, on Friday, the Dow Jones was marginally higher as IBM led winners. Apple had the largest negative impact, dollar to dollar. This was the Dow’s eleventh day in a row of gains. The S&P 500 hit a new record high supported by the utilities sectors. All ten sectors were higher on the day. The Nasdaq Composite also moved higher...

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Friday, US stock markets moved higher for the fourth week in a row and the S&P hit a new record high. Investors digested a mix bag of corporate earnings and a stronger than expected US manufacturing data release.

At market close, on Friday, the Dow Jones was marginally higher as IBM led winners. Apple had the largest negative impact, dollar to dollar. This was the Dow’s eleventh day in a row of gains. The S&P 500 hit a new record high supported by the utilities sectors. All ten sectors were higher on the day. The Nasdaq Composite also moved higher on the day.

Earnings season is in full swing, and it is painting a good picture of where the world’s largest economy is right now. We saw okay results from IBM and Microsoft. Even General Electric beat estimates. However, shares of the conglomerate fell after reporting a two percent drop in orders for the second quarter (Q2).

GE Weighs on Stocks after Earnings Release

GE is often considered, and rightly so, the bellwether of the US economy. They posted earnings of 0.05 cents per share, beating estimates, and revenue rose 15 percent annually. The company’s earnings were helped by its aviation, healthcare and power divisions. In its press release, the company said its business was being effected by a volatile “and slow growth economy.”

Other companies also reported numbers today. On the S&P, American Airlines met estimates as did Stanley Black & Decker and Honeywell. Whirlpool also reported good earnings. Companies that missed were Skechers, Starbucks and Chipotle, even though they returned to profits.

The US released economic data on the day as well, which helped sooth some of the trepidation from the mixed earnings results. Manufacturing hit its best level since October 2016. The flash PMI rose to 52.9 from 51.3 as manufactures battled a stronger US Dollar. There was also drag from the energy sector and concern with the volatile US presidential elections. This was a good result in face of those headwinds.

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The French Stock Exchange ends the Week on a Down Note /making-the-news/french-stock-exchange-ends-week-note/ Mon, 18 Jul 2016 04:23:37 +0000 /?p=3314 On Friday the French stock bourse, the CAC 40 traded lower and then closed with an inside bar ending the week. This is a bearish cue that traders should pay attention to as the markets get ready to open for the week. Right now the French headline stock exchange is trading near its monthly high. This new monthly high was set last Monday, July 11, and lines up at 4,517. With price action failing to break through the new monthly high, this upside barrier is acting as the first level of technical resistance. On the downside, price action has yet...

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On Friday the French stock bourse, the CAC 40 traded lower and then closed with an inside bar ending the week. This is a bearish cue that traders should pay attention to as the markets get ready to open for the week.

Right now the French headline stock exchange is trading near its monthly high. This new monthly high was set last Monday, July 11, and lines up at 4,517. With price action failing to break through the new monthly high, this upside barrier is acting as the first level of technical resistance. On the downside, price action has yet to break back below the daily low. This was set on Thursday, July 14. This low price point is the first layer of support for the CAC 40 and lines up at 4,472. Please use the below daily MT 4 chart for today’s daily technical analysis.

CAC 40 Chart

CAC 40 Chart

Trading the French Stock Exchange

Should the CAC 40 manage to move higher or lower, today, traders can use the average trading range (ATR) in order to help plan price projections for this particular stock bourse. Right now, the ATR is at 86. This means the bullish breakout is lining up near 4,600. The bearish breakout is lining up around 4,390. These are the two technical levels that traders need to pay attention to this morning.

Should price action fail to break out on either side of these levels, then French stocks can be in for some consolidation, or sideways trading, this week. If this scenario happens, traders who employ a carry long strategy, might want to sit on the sidelines and wait for a breakout to occur before placing a trade. Short term traders can consider a range trade approach. This means buying on dips and selling at peaks until the breakout occurs.

Traders should also note that ATR is likely to pick up again. The United Kingdom recently voted “yes” to leaving the European Union and this has not finished playing out. With the new government in place, it is a matter of time until the UK enacts “Article 50.” This will begin divorce proceedings from the EU returning volatility not only to the European financial markets, but to the global financial system.

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Japanese PM Abe Wins in a Landslide and the Nikkei Soars /making-the-news/japanese-pm-abe-wins-landslide-nikkei-soars/ Mon, 11 Jul 2016 05:09:49 +0000 /?p=3312 Asian markets rung in the new week on a high note as they were bolstered by the landslide win for Japan’s Prime Minister Shinzo Abe. This win helped investors to shrug off a stronger than expected non-farm payroll (NFP) report on Friday which could push the US Federal Reserve (Fed) closer to hiking rates again. The Japanese Nikkei 225 leaped four percent and the broader Topix also rose over four percent on the day. Both indices saw solid gains despite a stronger yen. By 0930 HK time the yen was trading at 100.68 against the US Dollar. In Australia, the...

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Asian markets rung in the new week on a high note as they were bolstered by the landslide win for Japan’s Prime Minister Shinzo Abe. This win helped investors to shrug off a stronger than expected non-farm payroll (NFP) report on Friday which could push the US Federal Reserve (Fed) closer to hiking rates again.

The Japanese Nikkei 225 leaped four percent and the broader Topix also rose over four percent on the day. Both indices saw solid gains despite a stronger yen. By 0930 HK time the yen was trading at 100.68 against the US Dollar.

In Australia, the ASX 200 was up nearly 1.75 as the heavily weighted financial sub-index rose 2.15 percent. There was a rally with the country’s major banks as shares of ANZ rose over three percent. The Aussie Dollar was also higher. Shares in Hong Kong also joined the regional rally today as well as stocks in mainland China. In South Korea, the Kospi Composite rose over one percent on the day.

Shinzo Abe Cruises to a Victory

On Sunday, Japan’s current prime minister, Shinzo Abe saw his ruling coalition win in a landslide. This will make it easier for him to push through his economic agenda called Abenomics.

Also on Sunday, Australia Prime Minister Malcolm Turnbull declared that his ruling coalition won the very tight and close election. The vote counting continued for a week well after the election.

Thanks to the resolution of this election crisis, the Australian Dollar is finding some support after fall most of last week against its major currency counterparts.

On Friday, the US released its NFP showing that the world’s largest economy added 287,000 new jobs versus the expected 175,000. The unemployment rate edged higher from 4.8 to 4.9 percent.

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FTSE Sees its Best Week since 2011 /making-the-news/ftse-sees-best-week-since-2011/ Sun, 03 Jul 2016 04:38:32 +0000 /?p=3310 Friday saw European stocks closing with solid gains as the global stock recovery continued in the wake of the shocking Brexit vote. However, uncertainty remains as the United Kingdom and European Union still need to negotiate their divorce settlement. The Euro STOXX 50 was up nearly 0.7 percent after a choppy trading session. Most sectors ended higher with only technology and healthcare stocks showing weakness. The FTSE, in London, jumped over one percent and gained seven percent on the week. Its best showing since December of 2011. Britain’s stocks have been rising since Bank of England (BoE) Governor Mark Carney...

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Friday saw European stocks closing with solid gains as the global stock recovery continued in the wake of the shocking Brexit vote. However, uncertainty remains as the United Kingdom and European Union still need to negotiate their divorce settlement.

The Euro STOXX 50 was up nearly 0.7 percent after a choppy trading session. Most sectors ended higher with only technology and healthcare stocks showing weakness. The FTSE, in London, jumped over one percent and gained seven percent on the week. Its best showing since December of 2011. Britain’s stocks have been rising since Bank of England (BoE) Governor Mark Carney gave a dovish speech saying the central bank could inject more stimulus in light of the UK referendum to leave the European Union.

European and FTSE  Stocks to Watch

Fresnillo, listed on the British FTSE, surged 7.7 percent as silver prices rebounded to a two year high on Friday. In the commodity universe, most metals were higher boosting ArcelorMittal and Anglo American. Shares of BHP Billiton finished marginally lower after a Brazilian court held up a $6 billion over the Sarmarco iron ore catastrophe.

The best performing sector, in Europe, on Friday was the auto sector. Data showed that sales for new cars we up 0.8 percent in France for the month of June. After the data release, shares of French automakers rose. Renault was up 6.7 percent and Peugeot Citroen rose 4.7 percent on the day. Elsewhere, Volkswagen surged over four percent after the automaker said a court hearing ruled they could fix some 85,000 diesel polluting vehicles.

As far as economic data was concerned on Friday, the Eurozone released its unemployment data for the month of May. The figure fell to 10.1 percent. The number came out at 10.2 percent for April. The data was released by Eurostat.

While gains were seen in the global stock markets, uncertainty remains as the UK has yet to initiate formal divorce proceedings from the European Union. Article 50 has yet to be engaged. Once this happens, volatility should ensue once again.

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