Binary Options News & Blog
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Stock Market of Canada
The rebound of commodities prices has pushed Canadian stocks towards upward movement as a result there is a steady rise of Canadian stocks. As there is a steady rise in crude, Canadian Natural Resource Ltd. moved to 1.7 percent. Yamana Gold Inc. has added nearly 2.7 percent due to gold gains. Manulife Financial moved to 3.9 percent this week. Canadian Pacific Railway Ltd and Canadian National Railway Co. increased over 1.2 percent. The Standard and Poor’s / TSX Composite index showed a growth of 0.5 percent. Energy, raw materials and financial stocks have contributed most to these gains. The CGI Group which is based in Montreal witnessed 18 percent surge and this is their highest gain since 2000 January. BlackBerry which was formerly known as Research In Motion Ltd, have added nearly 4.6 percent. This year their stock has witnessed a growth of 40 percent in anticipation that the BlackBerry 10 will surge their share growth.
The industrials shares showed an upward movement and this have prompted the buyers and investors to put in their money in the stock market. The Bank of Canada is keeping a close watch on the market. The Federal Reserve maintained their bond buying rates and they are ready to reduce and increase their pace of purchase according to the market. The exporters shipped huge amount of mineral and energy products. Amidst of these gains the healthcare stocks witnessed a downward movement in the market.
The present market scenario has made the Forex traders quite optimistic as they are hoping to generate more sales leads. The oil and gold gains have prompted the stocks to rise in Canada. But the market analysts have advised the traders to keep a watch on the market. The current market condition will offer gains to the traders.
Traders should always invest carefully in the market as the global crisis is still looming over the forex market. Traders should always follow the market on regular basis so that they can tactfully avoid huge losses. Though the present stock market scenario in Canada is quite impressive, traders should always be alert about the developments which are taking place in this market. The forex traders are hoping that this condition continues for few more days so that they can generate maximum gains from the Canadian stock market.
Economy in Britain
According to latest survey, the construction and manufacturing industry showed much improvement. These are signs of recovery and the binary traders are quite hopeful that they will enjoy good profit from this situation. Britain’s economy is witnessing a wide improvement and this has urged Bank of England not to increase their asset purchase. The pound has successfully diminished its decline and it was up by 0.1 percent. Sales of most services companies also witnessed a growth as current condition of the market has strengthened. Increase in foreign demands and launching of new products has prompted sales growth. The volume of new business has increased sharply and this has increased the rate of employment.
As per Markit, the construction index also rose from 47.2 point to 49.4 point and this has exceeded the prediction of market analysts. The factory index also rose from 48.6 points to 49.8 point. The average index from three different survey rose nearly to 52.1 point from 51.0 in the month of April and this considered as the highest since the month of August. The ECB policy has also promoted such improvement in the economic condition of Britain. ECB has decreased their interest rate to 0.5 percent and their policy makers will constantly monitor the developments in the market.
Policy of BOE
The policy makers of BOE have insisted to increase purchase of bonds which worth around 25 billion pounds as they hope to avoid inflation. The policy makers are also looking for flexible support in order to make the smooth recovery of financial situation in Britain.
The market analysts and binary traders are hoping that the government will take more measures to improve the fiscal condition in U.K. They are keeping a close watch on the market developments and they are hoping that this condition persists for longer period of time so that they can enjoy more gains.
Though the current situation in U.K is showing some of signs of improvement but the traders should be very careful while investing their money in the market. They should constantly monitor the market condition in order to avoid huge losses. The traders should always check the prices of shares, commodities and currencies before trading. Though the market is showing signs of stability but traders should always consider the danger of existing global fiscal deficit.
Meanwhile, the current resistance stands at $450, and any trader who trades above this level is anticipated to do wise. For all those who are still not ready to test the global effects of NFP, there are smaller pools to try at. Later in the day, GOOG can climb up and test resistance at 842. Any break above this would mean a BIG day for Google.
Coming back to the trading front…
Binary options are a changing field that can make traders jump with joy or even sit down with disappointment. Some time back the USD saw setbacks, but the currency has now managed to emerge as a strong contender.
The changes seen in the trading scenario of Asia have an effect of trading sessions in America and Europe. The unpredictability involved in trading seems to be of difficulty to investors who make use of these trends to decipher asset movements. So, let’s have a quick dive into this weeks’ news:
Forex Exchange Market
USD showed a mixed reaction against the other currencies, as investors preferred moving away to safer bets. The EUR/USD slipped by 0.03 percent reaching 1.3177 as most binary option traders still await outcome of ECB. GBP/USD, the second currency pair, showed a small gain of 0.01 percent signifying an expansion in the economy.
The third pair, USD/JPY slipped by 0.16 percent to 97.07 making investors stay away from USD and invest on more safer alternatives. The USD/CHF pair, on the other hand, stood to its place at 0.9275. USD/CAD moved down by a 0.06 percent to stay at 1.0079. Another pair, which is AUD/USD, showed lowest in the last 8 days and the pair touched 1.0225 marking a relative low for this currency pair. Some negative buildings against USD lead to this whole slip. Lastly, the New Zealand dollar saw a 0.19 percent against USD and traded at 0.8485.
As the US trade approached close last night, the DJIA closed at 0.94 percent lower. Meanwhile, S&P 500 went down 0.93 percent and Nasdaq on the other hand slipped by 0.89 percent.
Seeing the worried trading for USD, commodities somehow became the safest best for binary option traders who eagerly waited for the ECB news. Till then gold managed to climb up by 0.45%. Silver gained 0.38% and natural gas too moving on the up side, showed a 0.17% increase. Crude different from all others, turned out to be a loser this week by showing a drop of 0.18%, the record high supply in US is believed to be the reason behind this.
Things to look for today
All eyes eagerly await the rate decision by ECB. Everything that’s on charts may turn the day into an exciting one for trading as the binary options trade is believed to remain active, with lots of movements in way.
For hardest hit countries like Spain, France and Greece it was almost impossible to swim ashore without any third party help. However, foreign creditors agreed to lend money to the debt stricken countries on condition that some austerity measures would be put in place. These measures include cut in wages, reduction in government expenditures and stricter fund management. With the austerity measures in place, it is now seen that the unemployment rate in both France and Spain has skyrocketed in the last few months.
Spain was one of the worst hit by the economic debacle and has been left reeling under the ongoing crisis. It is now reported that the austerity measures in Spain has cost over 6 million people their jobs. Over the first three months of 2013 the unemployment rate in Spain has risen most leaving up to 27 percent of the total workforce devoid of jobs. Six out of every ten people under the age of 25 are currently jobless. To add to the worries the rate of employment in Spain is constantly falling and it is feared that the number of unemployed multitude in Spain is going to rise steadily at least for some time in future.
France is in no better shape when it comes to unemployment rate. Though the number of unemployed people in France is 3.2 million, much less than that of Spain, the French economy is on a steady path of deterioration. The socialist government is trying its best to stabilize the country’s economy but fall in exports and domestic demands is making it hard to make a move towards the light.
The austerity measures have cost millions their jobs, which binary traders think, would have an adverse effect on the economy. The reduced purchasing power of the common people is going to negatively affect the market, bringing down the profit level of companies to a large extent. In fact, the International Monetary Fund has also called for a relaxation in the austerity measures to provide a breathing space to the European economy and to facilitate a fast recovery from the crisis.
Trading currencies is considered as a far less volatile investment option around the world because their value fluctuates within a very small range regularly. Forex Traders can gain huge amount of profit only by investing small amount money.
First and foremost thing a Forex Trader should consider is the current situation of the market as this will help them to invest properly and to gain from their investment. The spot market allows various investors and traders to sell and buy currencies at the prevailing price based on demand and supply. The forward market and the future market are two other options which a trader or investor can look for during Forex trading. There are numerous bankers and forex brokers whom one can consult during such trading, as these professionals can easily assess the risk associated with any sort of investment. They also provide effective business strategies to these traders and investors so that they can enjoy good profit during fiscal turmoil. So one should be well aware about trading methods related.
Using correct Strategies and Tools
In order to gain maximum profit from Forex trading one should use correct tools and strategies. A Forex Trader should have Forex trading account, platform, system and risk capital to conduct successful trading. These tools help traders to sharpen their skills related to Forex traders.
As forex trading has high level of risk involved, traders should always look for suitable strategies to dodge financial mayhem. It is seen that various market conditions require different types of trading strategies and for this proper planning is required. There are service providers, Forex brokers and professionals who provide helpful information about trading strategies. These experts advice Forex Traders to keep watch the market movement to avoid huge loss. Recently the financial crisis which is looming over the global market has increased the intensity of the risk associated with Forex trading. So the traders should carefully invest their money in order to get maximum profit. Traders should always have updated news about the forex market around the world as this will help them to invest properly and to enjoy gains even during scenarios of financial crisis. Traders should always have ideas about various fiscal policies and reforms which are taken by different governments around the world in order to avoid financial crisis. All these strategies and tips will help a trader to avoid loses during Forex trading.
The Office for Budget Responsibility
OBR or Office for Budget Responsibility in UK has reported that earlier it was predicted that during the current fiscal year UK will witness 1.2 percent increase in the growth rate but according to current economic condition the market will witness only 0.6 percent of growth. It also reported that cuts on government spending and problems related to financial system have hampered the recovery pace in UK. This prevailing financial situation has slowed down worker productivity and growth related to real incomes. OBR has also forecasted that there would be a dip in the economic growth in the next fiscal year too. This has generated worries among the Forex Traders as they can sense losses during the current and following fiscal year.
As per some of the market analysts, the job market will perform better amidst this fiscal mayhem and this might change the fiscal condition of this part of the world by a bit. This forecast has made the Forex Traders optimistic as they hope to see some sort of relief during this fiscal turmoil. The traders will keep an eye on the daily market developments in order to avoid huge losses. The market analysts are hoping that government will take some measure to bailout traders from this poor economic condition.
Crisis in the euro zone is considered as one of the major factor for such poor economic condition in UK. The Forex Traders are keeping their finger crossed and are hoping that this situation will soon improve with time. They are hoping for government bailout plans and fiscal reforms to rescue them from this current situation. It is expected that government will focus more on business investments, consumer spending and on export industries to strengthen the economic condition of UK. The traders have to be extra careful while investing as this current situation might fetch unexpected losses. These traders are also hopeful that global economic crisis will soon ease out a little bit and will make the market condition suitable for investment and might also fetch them substantial gains.
The Sales Report
In the first quarter the sales of Gucci has grown at the weakest rate. Though analysts predicted that the sales would grow by 2.41 billion Euros, PPR has posted a rise of 2.37 billion Euros in sales. The revenue of the company rose by 3.1 percent excluding currency fluctuations and acquisitions.
The Luxury Goods Sector
The luxury goods sector has been suffering since the onset of recession in 2007. Companies like Hermes International SCA and LVMH Moet Hennessy Louis Vuitton SA have already posted slowing sales and now PPR joins the group. In fact, with a cut in salary most people are not considering luxury goods as immediate priority. This is taking a toll on the overall sales figures of the companies that deal in luxury goods. However, PPR is confident that it would be able to improve its performance this year. Earlier this week, it has already agreed to acquire the Italian jewelry brand Pomellato to increase its reach in the luxury goods sector.
Forex Traders Disappointed
Forex traders are utterly disappointed with this situation. Many of them were expecting a better momentum due to comparatively better space growth, but, the sales data from PPR SA has upset their expectations. The comparable sales of Gucci that advanced at 4 percent, lowest since 2009 have made forex traders skeptical about the company’s future performance. With luxury goods companies suffering steadily forex traders are now desperate of finding a way out of this situation. Over the last few months almost all luxury goods companies have either reported a loss or a decrease in profit. Forex traders are disappointed that the austerity measures that have been put in place to save the economy are actually having a negative impact on the economy.
As long as the economic crisis continues forex traders have to face such situations. It is better to stay alert and take the right decision at the right time in order to garner some profits. Though PPR SA is hopeful that it would soon recover from falling sales, providing only hope would hot help forex traders regain their confidence.
The Current Canadian Stock Market
Cenovus Energy Inc and Canadian Natural Resources Ltd gained 1 percent each whereas BlackBerry which was formerly known as Research in Motion in Ltd raised 7.2 percent and it their highest gain since February. As Valeant Pharmaceuticals International Inc agreed to buy Obagi Medical Products Inc at a hefty deal of $351 million, it added 2.5 percent. It is reported that TSX Composite Index move to 52.68 points during later half of the day as the Energy Stocks added maximum number of gains. This current stock market scenario has raised the hopes among Forex Traders as they are hoping to make some profit amidst of this fiscal turmoil.
The Role of Fed
The Fed will maintain buying bonds by spending 85 million dollar each month. They will continue with their purchase until there is stability of the prices in the labor market. The target rate of interest will be almost zero as per the central bank officials and the will continue with this rate until the rate of unemployment comes below the 6.5 percent mark. The Forex Traders will keep an eye on these fiscal reforms as these will help them to gain more from the market.
Forex Traders and Analysts
The current market scenario will make the Forex Traders optimistic as it will generate more sales and profit for them. The Fed stimulus and oil gains are considered as some of the main forces behind the upward movement of the stocks in Canada. However the market analysts have suggested the traders to keep a close watch on the recent market developments. This present economic condition will change the course of the market in coming few weeks and the traders might witness temporary gains.
As the global economic crisis continues to loom large over forex trading, traders should be careful while investing in the market. They should follow the market regularly and carefully in order to avoid huge loss. The current scenario in the Canadian stock market is quite impressive for Forex Traders as they can reap huge benefits from this prevailing condition. Most of the traders are hoping that this situation continues for a few months so that they can safely invest and get return from the market. Analysts and market leaders are also optimistic about the future of the Canadian stock market.
Benefits of utilizing trading signals
One of the best things that can help you to turn your trade into a successful venture is information. Information about certain assets can be obtained with the help of different resources. A different level of information can be provided by trading signals. It is information about the strategies and tools used by a highly experienced trader. By using this technique, one has to rely on the skills and knowledge of others instead of his own. It is a best thing that a new trader can do to gain enough knowledge. This is a risk free way to learn binary option trading.
Information about Signals Available
A trader can make use of such signals without any issues about the area of investment. These signals are quite versatile. Signals can also be employed as a part of a trading strategy and can be quite useful for traders, in assessing the market trends and making decisions. They are available for currency pairs for forex investment, stocks, as well as commodities, available worldwide. SignalPush a platform that is quick and offers good connectivity between traders offer signals as separate trade techniques, and traders can avail them by subscribing to them.
Making use of SignalPush
Time is a major factor that has to be kept in mind during trade signals, and SignalPush ensures that they are available in minimal time difference between the time of signal generation and them reaching the traders, for decisions. Assessments related to asset trends and market conditions are evaluated at a regular duration, at the start of every 60 minutes, including any estimation available from Faunus Analytics. The level of reliability ensures that the market details are properly employed and potential trade risks are effectively managed. One more best thing is that the binary options strategies that make use of the trading signals are quite useful for the inexperienced or new traders. It can act as a best trading tool for them. It depends on a particular trader to either keep using the signals or start using their own knowledge that they have in this field. So, there are number of trading signal providers among which one has to choose the best one.
The Canadian Market
It was though that the nation’s economy had managed to avoid the effects of the crisis that has jeopardized many European economies as well as the US economy to some extent. But it is now seen that the Canadian market has started to show signs of breaking down. Though it is too early to conclude it as an effect of the global economic crisis it can be said that forex traders are grossly disappointed at the poor performance of the shares.
The Stocks Fall
Most of the stocks in the Canadian markets have staged a fall based on the low performance by energy and raw materials shares. Both Savanna Energy and Encana Corp. both slumped by more than 1.2 percent after global demand estimate for oil was reduced. On the other hand New Gold Inc. along with Iamgold Corp. lost at least 5.5 percent due the fall in the value of gold. The Standard & Poor’s/TSX Composite Index in Toronto slid 134.49 points to stop at 12,744.11. The trading volume was also lower by 5.1 percent than the 30 day average. Raw materials stocks were some of the biggest losers with a collective fall of 2.1 percent. Energy producers, who slid by 1.2 percent, also experienced no better day.
Analysts and Forex Traders
It is true that forex traders are disappointed with the situation but they are not ready to lose hope completely. According to some, fall in the demand of crude oil was anticipated as there had been more than expected build up in the crude oil inventories. However, they are willing to keep a close watch on the developing market conditions and are hopeful that the Canadian stocks would get back on track in no time. However, they are not ready to take any risk at this point of time and think that they have to be patient before arriving at any firm conclusion.
One thing you can be sure of is that the global economic crisis is far from over and is likely to affect the market in different ways in coming weeks. As long as the economic crisis in Europe does not get resolved speculations are going to rule the market and the cumulative effect of the crisis is going to take its toll on the seemingly safer markets. So forex traders have to be extra careful in their trade.