April 5, 2016
|04:30||AUD||RBA Rate Statement|
|06:00||EUR||German Factory Orders m/m||-0.1%||0.5%|
|14:00||USD||ISM Non-Manufacturing PMI||53.4||54.1|
|14:00||USD||JOLTS Job Openings||5.54M||5.57M|
Markets closed mixed across Asia Monday as investors digested the good economic data out of the U.S. on Friday. Australia’s S&P/ASX 200 edged lower by 0.08% as weakness from crude put a dent in the energy sector. Japan’s Nikkei was unable to hold on to gains and ended 0.25% lower due to the strength of the Yen against the USD. In South Korea, the Kospi ended 0.27% higher despite weakness from the auto sector. Singapore’s Straits Times Index advanced by 0.60%. Markets in mainland China, Hong Kong, and Taiwan were all closed for a public holiday and will reopen Tuesday. Markets across Europe ended the day modestly higher as weakness from the energy and telecom sectors muted gains. The Stoxx Europe 600 was 0.40% higher at the close, Germany’s DAX added 0.28%, and the CAC 40 in France tacked on 0.53%. The FTSE in London ended the session 0.30% higher as it snapped a two session losing streak. Markets in the U.S. ended the session broadly lower as the weakness from crude eroded risk appetite in the market. By the close the S&P 500 was off by 0.32%, the Dow lost 0.31%, and the Nasdaq dropped 0.46%.
EUR – The Euro was mostly weaker Monday, falling against the Yen and Pound, but recovering from losses versus the USD and ending the session unchanged against the greenback.
GBP – The Pound reversed last week’s losses and finished the day firmer against the USD and Euro, though it did slip somewhat versus the Yen.
USD – The USD continued to show broad based weakness Monday, falling versus the Yen and Pound, but finishing flat against the Euro.
JPY – The Yen built on the solid gains made last Friday and continued to firm broadly against rival currencies.
TRY – The Lira firmed broadly Monday after inflation in the country slowed to a seven month low, coming in below the government’s 7.5% target.
RUB – The Ruble retreated against major currencies for a second consecutive session as crude continued to fall sharply, taking the Russian currency along with it.
Metals – Precious metals edged lower Monday as global risk appetite remained high, despite some chicks in investor confidence in the U.S. June gold was down $3.70 at $1,219.80 an ounce. May silver was down $0.091 at $14.955 an ounce.
Oil – Crude continued to fall Monday as trader’s skepticism over a production freeze increased. Crude for May delivery fell for a second day, dropping $1.09, or 3%, to settle at $35.70 a barrel – its lowest close in a month.
S&P500 – The S&P was choppy for the first half of the day as it remained in the red, but tried to rally into positive territory. The afternoon saw the index trading steadily lower though, ending the day with a modest loss of 0.32%.
DAX – The DAX rose steadily throughout the morning, but faded in the afternoon. After trading up by as much as 1.1%, the index handed back gains in the afternoon as U.S. markets opened to weakness and finished the session 0.28% higher.
Nikkei – The Nikkei opened to losses, but quickly recovered, moving back to unchanged levels where it spent the morning trading back and forth with small gains and losses. It began the afternoon in the black, but quickly fell as traders reacted to the strengthening Yen. By the close of the session it was 0.25% lower.
Disney – Shares of the entertainment company ended the day 0.39% lower, but then lost another 1.74% in afterhours trading following the retirement of COO Thomas Staggs. Investors reacted negatively to the news as it will impact the succession plan at Disney into disarray as Staggs was in line to replace current CEO Robert Iger when he retires. This adds more uncertainty for the company, which is already suffering from concerns over falling subscriber numbers in its Media Networks division, particularly the ESPN sports channel. The stock had already been struggling to get past the resistance at the $100 level and this setback could send it back to the support at the $90 level.
Trading in Binary Options, Forex/CFD carry a high level of risk to your capital due to the volatility of the underlying market. These products may not be suitable for all investors. Therefore, you should ensure that you understand the risks and seek advice from an independent and suitably licensed financial advisor.
In just a few short steps you can be trading with 24option’s awards winning platformI already have an account
You can upload your documents using your mobile phone.
Please confirm your mobile number
A text message has been sent to your mobile phone. Please click on the link that is attached and continue to upload your documents.
Join an award winning broker
COMPANY INFORMATION: This website (www.24option.com/international) is operated by Richfield Capital Limited a Company regulated by the International Financial Services Commission with license number IFSC/60/440/TS/17 (click here).
Wonderbridge services limited , Kolonakiou 39 Agios Athanasios, 4103 Limassol, Cyprus , is a subsidiary of Richfield Capital Limited , No 5 Cork Street, P.O. Box 1708, Belize City , Belize
RISK WARNING: Binary Options and Contracts for Difference (‘CFDs’) are complex financial products, the trading of which involves significant risks. Binary Options trading may result in the loss of your investment whilst CFDs trading, which are marginal products, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. Traders of Binary Options and CFDs do not own, or have any rights to, the underlying assets. Trading Binary Options and/or CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Richfield Capital Limited does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Richfield Capital Limited is not a financial adviser and all services are provided on an execution only basis. Please read our Risk Disclosure Notice and Legal Documents before using our services.
REGIONAL RESTRICTIONS: 24option brand does not offer services to residents of certain jurisdictions such as the USA, British Columbia, Canada, Australia, Belgium, France and some other regions. Find out more here.
Register now and start trading anytime, anywhere.
Don’t have an account? Sign up
Like all investment opportunities, trading Forex and CFD involves risk of loss but with access to support, an education center and risk-management tools, you can increase your odds of success and open a trade with just $24!