The Reserve Bank of Australia left the key rate unchanged at the highest benchmark interest rate 3.5%. In Australia, “growth has been running close to trend, led by very large increases in capital spending in the resources sector,” Stevens said. After release of the news, Australian dollar rose from a six-week low. Binary AUD/USD is trading around 1.0273 at 6:00 GMT. The Asian stocks fell in the longest decline in six weeks, as the European Union’s outlook was cut by Moody’s Investors Service ahead of policy makers’ meetings. Today, the German Chancellor Angela Merkel welcomes the European Union President Herman Van Rompuy in Berlin. At the same time, the French President Francois Hollande is traveling to Rome for a visit with the Italian Prime Minister Mario Monti. They should give a hint about yesterday’s pronouncement of European Central Bank President Mario Draghi who told he would be comfortable buying three-year government bonds to bring down borrowing costs for nations in financial crisis. Euro made a test earlier this morning of topped high from the previous week. Expectations of analysts are that Euro would continue to rise against the dollar. British pound is near to the highest level since two weeks and extend his bullish movement. Swiss Franck made a test of sentiment zone around 0.9500 in later Asian session. Japanese yen is going in choppy range today. Binary Gold rose this morning to the $1674 for an ounce. This is the highest price of gold since 13th of March. The expectations are that precious metal would attack $1700 very soon. The Binary Silver made new fresh highs also with its strong up momentum. Binary traders could buy “call” or “touch up” options around 32.0280. European indexes close in plus yesterday. German DAX closes above 7000 points with +0.63% gain. French CAC 40 is up by 1.19% and British FTSE 100 made upside momentum yesterday and increased 46.93 points. Americans also closed in plus yesterday. Dow Jones Industrial closed up by 0.69% above 13000 points. NASDAQ Composite Index increased 18.25 points and closed the day at 3066.96. S&P 500 is again up by 1400 and finished the American session with 0.51% gain.
Intraday bias in Binary EUR/USD is strong on the upside at this moment. Bullish trend from 1.2040 should extend to 1.2700 if we see break of topped high 1.2636. On the downside, only break and daily close below 1.2440 would change outlook to negative and we could see deeper decline. In the bigger picture, fall from 1.4939 is treated as a falling leg inside the consolidation pattern that started at 1.6039. In case of a break of 1.2747 resistance zone, stronger rise should be seen to 1.3486 resistance for confirmation. But before that, another decline could still be seen to 1.1875 and below.
Broad American index is trading again in choppy range around 1400 points. Down border of the range is around 1395 and up is around 1412. In the long-term, the trend continues to be bullish with crucial level at 1350. The first support on down side is projected around 1395 followed by 1385. On the other direction, the first intraday resistance is around Wednesday’s high 1412. Price of the index should break above 1417 first and 1424 after that to unlock potentials for buy “call” options and start new positive rally.
Binary options on DAX index opened lower in earlier this morning. After yesterday’s up movement the sentiment is strong bullish with expectations of new sooner rise. The intraday support is at 6940 followed by 6890. On the upside, the first intraday resistance is around 7005 followed by 7050. A break of the last would unlock bullish potentials.