World of Binary Trading

16/03/2016

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16/09/2015

SABMiller revealed an approach from drinks giant ABInBev

16/09/2015

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16/09/2015

Emerging-market assets jumped, with the benchmark equities index rising to the highest level this month and currencies headed for the longest rally since early 2014 as investors awaited the Federal Reserve’s decision on U.S. interest rates.

28/08/2015

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28/08/2015

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Global Commentary

Asian markets rebounded broadly Thursday, helped by falling volatility from Chinese markets. In mainland China, the Shanghai Composite rose 5.34% as a late day rally lifted the market. Hong Kong’s Hang Seng was up 3.60% in response to the strength in mainland Chinese equities. The Nikkei in Japan added 1.08% as the Yen continues to fall back to previous levels.

Australia’s S&P/ASX 200 was also 1.17% higher by the close. European markets shot higher Thursday after U.S. second quarter GDP was revised upwards, giving investors optimism for global growth.

The Stoxx Europe 600 advanced 3.46%, settling just above where it was before the sell-off Monday. The DAX in Germany was 3.18% higher and the CAC 40 in France gained 3.49%. London’s FTSE also rallied higher by 3.56%, led by the energy and mining sectors as commodity prices rebounded.

U.S. markets rallied on the upward revision to second quarter GDP as well as a solid set of unemployment figures. By the close of trading the major indices had wiped out losses from early in the week and finished in positive territory on a weekly basis. The S&P 500 was up by 2.43%, the Dow added 2.27%, and the Nasdaq rose 2.45%.

FOREX

EUR – The Euro was mostly weaker Thursday, falling for a third session against the Pound and USD, but firming versus the Yen.

GBP – The Pound was mostly stronger Thursday, gaining on the Euro and Yen, but falling versus the USD.

USD – The USD firmed broadly for a third consecutive day Thursday after U.S. second quarter GDP was revised up to 3.7%, highlighting increasing strength in the U.S. economy.

JPY – The Yen was broadly softer against rival currencies Thursday as risk tolerance increased and safe haven demand fell.

TRY – The Lira continued to rebound Thursday as falling global risk aversion helped lift emerging markets in general.

Commodities

Metals – Precious metals were mixed Thursday as traders’ reassessed positions. December gold was down $1.30, or 0.1%, to $1,123.30 an ounce. September silver had a better day, adding 37.9 cents, or 2.7%, to $14.42 an ounce.

Oil – Crude jumped higher Thursday in its biggest one day move since 2009 after Venezuela asked for an emergency meeting of OPEC, causing speculation that production cuts in crude may be coming. Crude for delivery in October jumped $3.96, or 10.3%, to settle at $42.56 a barrel.

Indices

S&P500 – The S&P was higher at the open and continued rising into the afternoon. A precipitous mid-afternoon drop made it look like the index was giving back all the gains, but a rally in the final hour took the S&P back to session highs, where it finished with a 2.43% gain.

DAX – The DAX was solidly higher at the open and continued to trade at session highs throughout the day as it wiped out losses from Monday and ended the day 3.18% higher.

Nikkei – The Nikkei surged higher at the open and while it pared some gains in afternoon trade, it was still up 1.08% at the close as markets across Asia stabilized.

26/08/2015

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Global Commentary

Markets were mixed at the close Tuesday in Asia after another wild and volatile day that saw equity indices swinging between gains and losses by a large margin. Selling in China continued, despite a liquidity injection from the People’s Bank of China, and an interest rate cut late in the day. The Shanghai Composite fell 7.63% on Tuesday, and combined with Monday’s losses has a two day loss of more than 16%. The Hang Seng in Hong Kong managed to pull higher though, finishing up by 0.72%.

Japan’s Nikkei continued to fall as it ended the session 3.96% lower. In Australia, the S&P/ASX 200 tacked on 2.72% as bargain hunters stepped in.

European markets recovered from Monday’s losses as bargain hunters stepped in, with the interest rate cut from China adding extra upside late in the morning. The Stoxx Europe 600 was 4.20% higher, with the German DAX gaining 4.97%, and the CAC 40 in France up 4.14%. London’s FTSE snapped a ten session losing streak as it rose 3.09%.

U.S. markets erased solid early gains, falling sharply in the afternoon to broad based losses. The S&P 500 was down by 1.35%, the Dow lost 1.29%, and the Nasdaq fell 0.44%.

FOREX

EUR – The Euro fell broadly against rival currencies Tuesday, though it did pull significantly off session lows late in the day.

GBP – The Pound had a volatile trading day, ending firmer versus the Euro, but falling against the USD and Yen.

USD – The USD rebounded Tuesday, finishing the day firmer versus rival currencies after several measures of U.S. growth came in better than expected.

JPY – The Yen strengthened in early trade, but later reversed and gave back most, if not all of the gains as it firmed slightly against the Pound and Euro, but softened versus the USD.

TRY – The Lira strengthened broadly Tuesday as the interest rate hike from China helped increase investor appetite for riskier assets.

Commodities

Metals – Precious metals were solidly lower Tuesday as better than expected U.S. economic data and a strengthening USD weighed on markets. December gold was down $16.90 at $1,136.70 an ounce. September silver was down $0.157 at $14.60 an ounce.

Oil – Crude bounced on Tuesday as the interest rate cut from China gave markets a boost. Crude for October delivery climbed $1.07, or 2.8%, to settle at $39.31 a barrel.

Indices

S&P500 – The S&P opened higher and traded up by roughly 2.5% for most of the day, but a sell-off in the final hours of trading not only erased those gains, but sent the index deep into the red as it posted a 1.35% loss for the day.

DAX – The DAX climbed steadily all day to completely wipe out Monday’s losses as it posted a 4.97% gain on Tuesday.

Nikkei – The Nikkei had a wild day as it fell sharply at the open, but spent most of the morning recovering back to positive territory by the lunch break. The recovery didn’t last however, with the Japanese benchmark falling once more in afternoon trade to hit session lows and close 3.96% lower.

24/08/2015

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07/08/2015

Hope you all had a great productive week and now its time to rest properly. Happy Friday Everyone and Have a Great Weekend!!

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07/08/2015

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Global Commentary

Shares across Asia were mostly lower Thursday, though the Nikkei in Japan bucked the trend as it finished the session 0.24% higher. China’s Shanghai Composite continued lower, falling another 0.89% as volatility begins to decline on the mainland. The Hang Seng in Hong Kong was also 0.57% lower, following the mainland market.

In Australia, the S&P/ASX 200 finished 1.13% lower as the banking sector was hammered lower. European markets were broadly lower ahead of the bucket of data being released today. The Stoxx Europe 600 finished off by 0.80%, with the German DAX 0.44% lower, and the CAC 40 in France retreating 0.09%. London’s FTSE pared early losses and finished 0.08% lower on a dovish Bank of England meeting.

U.S. markets finished solidly lower in a volatile session on investor jitters, as they began to believe more in a September U.S. interest rate hike. The S&P 500 was 0.78% lower, the Dow dropped 0.69%, and the Nasdaq retreated 1.62%.

FOREX

EUR – The Euro bounced Thursday, ending the day broadly higher against rival currencies.

GBP – The Pound fell broadly Thursday after the Bank of England monetary policy meeting showed a dovish tone, with just one MPC member voting for a rate hike. Markets had expected two votes for a rate hike, and sent the Pound lower on the disappointing results.

USD – The USD was mixed as it weakened late in the session and finished softer against the Euro and Yen, but remained firmer versus the Pound.

JPY – The Yen was mostly stronger Thursday, firming against the Pound and USD, but slipping slightly lower versus the Euro.

TRY – The Lira bounced higher Thursday, ending the day broadly firmer against major currencies.

Commodities

Metals – Precious metals gained on bargain hunting and short covering Thursday as a sell-off in equities and a softer USD helped boost prices. December gold was up $4.20 at $1,089.80 an ounce. September silver was up $0.127 at $14.68 an ounce.

Oil – Crude continued to slide Thursday, pressured by oversupply concerns, perceptions of a weaker Chinese economy, and the strength of the USD. Crude for September delivery dropped 49 cents, or 1.1%, to close at $44.66 a barrel.

Indices

S&P500 – The S&P opened slightly higher, but then slid steadily all morning. The market calmed in the afternoon, but still finished near session lows with a loss of 0.78% ahead of today’s non-farm payrolls report, which investors feel could give the Fed further reason to raise interest rates next month.

DAX – The DAX traded back and forth across unchanged levels in choppy trade for most of the day. Weakness from U.S. markets sent the DAX lower in the late afternoon as the German benchmark ended the day 0.44% lower. Nikkei – The Nikkei gained at the open, and despite edging gradually lower throughout the day after the initial push higher, the Nikkei was still 0.24% higher at the close.

05/08/2015

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Global Commentary

Asian markets finished mixed Tuesday as continuing commodity weakness and moves from Chinese officials were in the spotlight. The Shanghai Composite in China advanced 3.69% after Beijing moved to limit the ability to short sell equities. Hong Kong’s Hang Seng had little reaction to the news, inching lower by just 0.02%. In Japan, the Nikkei finished lower by 0.14%, while the Australian S&P/ASX 200 was 0.33% higher. South Korea’s Kospi did well as it posted a solid 0.97% rise.

European markets were mixed but broadly lower as they snapped a five session winning streak. The Stoxx Europe 600 ended the day 0.17% lower, with Germany’s DAX gaining 0.11%, and the French CAC 40 dropping 0.32%. The FTSE in London traded near unchanged levels throughout the day, ending just 0.03% lower.

U.S. markets retreated slowly as they traded along unchanged levels as well, finally dropping late in the session for broad based losses. The S&P 500 retreated 0.22%, the Dow was 0.27% lower, and the Nasdaq lost 0.19%.

FOREX

EUR – The Euro retreated for a second consecutive day, finishing broadly lower against rival currencies.

GBP – The Pound lost ground to the USD Tuesday, but firmed versus the Euro and Yen as it traded in a fairly tight range for most of the day.

USD – The USD reversed course to end broadly higher against rival currencies Tuesday after Atlanta Fed president Dennis Lockhart commented that he was in favor of a September interest rate hike, and only extremely weak data would sway him from this position.

JPY – The Yen finished lower against the USD and Pound while firming versus the Euro Tuesday as currency traders continue to favor the riskier currencies.

TRY – The Lira was softer against the USD Tuesday, but it recovered some ground versus other currencies as it bounced somewhat following the recent steep losses seen for the Turkish currency.

Commodities

Metals – Precious metals tracked higher during much of the day, but the strengthening USD caused them to give back all the gains and end the session lower. December gold was lower by $3.40 at $1,085.90 an ounce. September silver was off $0.035 at $14.48 an ounce.

Oil – Traders speculated that U.S. oil inventory levels would fall more than expected and took profits from the past two sessions of sharp losses for crude. September crude added $0.57, or 1.3%, to finish at $45.74 a barrel.

Indices

S&P500 – The S&P tracked the unchanged line for much of the day Tuesday, trending slowly lower before finally breaking in the afternoon. A final hour rally pared some of the losses, with the S&P 0.22% lower at the close.

DAX – The DAX had a volatile day Tuesday as it traded in and out of positive territory before finally ending the day 0.11% higher.

Nikkei – The Nikkei dropped at the open then moved rapidly back to unchanged levels. It tried to move higher, but was unable to break into positive territory and capitulated after the lunch break to a 0.14% loss on the day.

24/07/2015

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Global Commentary

Asian markets were mixed Thursday, trading based on earnings and tumultuous commodities markets. Japan’s Nikkei added 0.44% on better U.S. corporate earnings, while Australia’s S&P/ASX 200 was 0.43% lower as commodities remain bearish.

In China, the Shanghai Composite continued adding to gains, up 2.43% on Thursday, as large shareholders increased their buying of blue chip equities. Hong Kong’s Hang Seng followed the mainland market higher, adding 0.46%.

European markets were higher in early trade, but later backed off to finish broadly lower for a third consecutive session. The Stoxx Europe 600 was 0.54% lower, with the DAX edging lower by 0.07%, while the CAC 40 in France pulled out a 0.08% gain.

The FTSE in London traded back and forth over unchanged levels for much of the day before finally falling and posting a 0.18% loss for the day. U.S. markets fell despite the lowest jobless claims number since 1973 as investors focused more on poor earnings from the likes of American Express and Caterpillar. The S&P 500 was 0.57% lower, the Dow retreated 0.67%, and the Nasdaq was off 0.49%.

FOREX

EUR – The Euro made solid broad based gains as Greece moved closer to its bailout package when the Greek parliament passed the second round of required austerity measures.

GBP – The Pound fell broadly against rivals Thursday after U.K. retail sales data unexpectedly fell by 0.2% when markets were expecting a 0.4% rise.

USD – The USD ended mixed Thursday as it firmed against the Pound, fell versus the Euro and was basically flat in quiet trade against the Yen.

JPY – The Yen saw gains against the Pound Thursday, while softening versus the Euro and finishing nearly unchanged against the USD.

TRY – Escalating violence on the Turkish border with Syria sent the Lira more than 1% lower Thursday. The drop came as a Turkish soldier was killed in a clash with Islamic militants on the Syrian border.

Commodities

Metals – Precious metals ended Thursday mixed as some bargain hunting began to appear and a weak USD helped support the metals. August gold was up $2.50 at $1,094.00 an ounce. September silver was down $0.03 at $14.70 an ounce.

Oil – Crude continued falling Thursday on concerns over a supply glut, with crude finishing near a four month low. September WTI crude fell 74 cents, or 1.5%, to settle at $48.45 a barrel.

Indices

S&P500 – The S&P started the day flat, holding up well into the late morning as it was supported by the solid unemployment claims data. It finally slipped into the red just before noon though as poor corporate earnings and falling U.S. Treasury yields weighed, sending the index to a loss of 0.57% for the day.

DAX – The DAX began the day higher, but slipped into the red by noon. Afterwards the market turned choppy, trying several times to move back into positive territory before ending the session 0.07% lower.

Nikkei – The Nikkei shot higher at the open, then immediately gave back roughly one-third of the gains before turning sideways. The index crept higher during the day, finishing back near its highs with a 0.44% gain.