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NIKKEI 225 VS TOSHIBA 93.686 02:30 23.02
MAZDA VS TOSHIBA 7.847 02:30 23.02
NZD/USD 0.71846 02:30 23.02
NZD/JPY 81.379 02:30 23.02
AUD/USD 0.76764 02:30 23.02
AUD/JPY 86.949 02:30 23.02
TENCENT HOLDINGS 214.700 02:30 23.02
SSE180 VS CSI300 2.1859 02:30 23.02
AUD/CAD 1.01035 02:30 23.02
TAIEX 9797.6 02:30 23.02
SSE180 7598.730 02:30 23.02
CSI 300 3476.262 02:30 23.02
SHANGHAI COMPOSITE 3250.382 02:30 23.02
EUR/JPY 119.533 02:30 23.02
EUR/USD 1.05530 02:30 23.02
HANG SENG F-JAN17 24073.000 02:30 23.02
TOPIX 100 992.810 02:30 23.02
NIKKEI 225 19313.290 02:30 23.02
HANG SENG 24089.300 02:30 23.02
ASX F-MAR17 5758.500 02:30 23.02
USD/JPY 113.269 02:30 23.02
USD/SGD 1.41603 02:30 23.02
ASX 5791.100 02:30 23.02
STRAITS TIMES 3118.700 02:30 23.02
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Binary options need to understand that the market is simply in stand deliver mode. At every resistance, it’s just more of the same: breaks galore. The market again headed higher and with this most recent move, binary options traders were able to capitalize on the advice we provided Thursday where we explained clearly that a break above 1800 for the S&P would provide binary traders the signal needed for an up options with low risk. This is precisely what occurred and our dealing room was quick to point out that this past Friday had the 2nd largest day of volume on record for the brokerage since inception on the S&P.

Looking at this move, it’s fairly clear now to see how obvious it was. It marks the 64th time out of 66 attempts that the index broke past daily chart level resistance without an immediate pullback. This is an incredible statistic and allows binary options traders to thoroughly rely on the behavior to turn very low risk profits on the index.

But the world doesn’t revolve solely on the S&P stock index and binary options trades, as hard as they may try, won’t be able to topple the dominance of the trading executed on forex pairs, particularly the EUR/USD. The forex pair is now stuck just below the resistance level at 1.3565. A break of this resistance will certainly push the bulls back into the market and we can expect a push higher in quick succession. Expect the move to be followed by a subsequent test of the next resistance which is a bit higher at 1.3581 however we don’t expect this level to test today unless something quite dramatic were to occur.

Considering the fact that there is virtually no major economic news today, the market will have a very hard time pushing in that direction with any serious momentum. The only bit of economic intrigue will come in the form of Pending Home Sales in the US at 10am GMT and the market is expecting a release in or around the figure of 1.3% higher. Please note though, the previous result of this indicator was in negative territory (-5.3%) so the very fact that it’s positive might help push stocks higher. This could in fact help garner interest in the USD and thus help push the EUR/USD back lower. This should be kept in mind as you trade in the hours leading into the start of the US session.

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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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