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By: Adam Stone
February 18th 2014 7:10am GMT, London UK
 

The Asian markets didn’t do much to attract attention earlier this morning, however the Japanese caused quite the stir. As the US wasn’t around to create any impetus in the markets yesterday, due to the holiday, it was up to someone to take the stage. The Japanese tended to this task with the utmost in climactic drama as the Bank of Japan decided to double its stimulus plan into the Japanese economy. So while the US is trimming back its own stimulus and Europe can’t figure how to even begin their own structural reforms, the Japanese went in and blasted forward with a double shot of economic espresso.

The Nikkei, as a result of this massive BoJ led move, headed higher with emphasis and finished the day up over 3.13%. For binary options traders, that meant at least 4 resistance levels breaking along the way. While we are aware that most of our trading customers are somewhere between REM sleep and a discotheque, our Asian constituents were busy blowing up the screens with an incredible amount of trading volume. In fact, according to Daniel Gant of the Goptions dealing room, “the volume on Nikkei binary options hit its highest level in over 1.5 years and made up a whopping 7% of total binary volume last night. We can only assume that the massive move in the world’s 4th largest economy will lead to further impetus in the EU session and as a result could catapult the US and later other Asian markets to new highs. Look for more of the same in the Nikkei later tonight.”

The US session on Friday ended on a high note and after these results in Japan, traders can at least expect to trade on the heels of optimism and not fear. At least for now, this seems to be the case. For the day ahead in other news, the ZEW Survey – Economic Sentiment index in Germany is expected for release in a little while at 10am GMT. The index is highly influential and can seriously move markets. The EURO and the German DAX will be the obvious focal points once the release hits. Markets are expecting a reading of 61.7 which is the exact same figure we got last month. It’s important to note that this is a very linear index and results will directly impact the moves in the market. In other words, a higher reading will lead the EUR/USD and possibly the EUR/GBP higher. In addition, the DAX, which finished strong yesterday will head higher as well given a higher than 61.7 reading. If the reading is as expected or lower, things might turn a bit ugly in the EU session. Expect a drop in the value of the EUR given this scenario, even if the result is only marginally worse. The EU session is prone to such outcomes and the results of poor economics indicators of this caliber will certainly drive a wedge between the bulls and the bears and thus lead the bears into hyperdrive.

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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