Nikkei Trading At Highest Point Since 2000
Thomas Ellis | May 28, 2015 05:54AM ET
Japan’s main index, the Nikkei, is trading at its highest point since year 2000. Yesterday, it closed at 20,516 points, which is the highest since the dot.com bubble.
The Nasdaq also broke its dot.com bubble record a few months ago, as global markets rise on high liquidity.
Call options on global indices have been very profitable for many binary traders in the past year.
The big difference between U.S, Europe and Japan is that Japan, at least in the psychological aspect, isn’t even close to its all-time high.
Japan’s Nikkei traded as high as 38,000 points before the huge crisis that hit the country in the late 80’s.
Binary traders can expect much more action from Japan.
Thursday events:
GDP from U.K published at 08:30 GMT- High GDP means higher growth in U.K, which is great for the currency.
Expectations: high volatility in trading the GBP and FTSE
Weekly Unemployment Claims in the U.S at 12:30 GMT
Trading EUR/USD and gold, strong data may push both assets lower by the end of the trading week.
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