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On Friday, binary options traders focused on the Non Farm Payrolls (NFP) report. In trading terms, the report wielded a fury unseen in the markets for some months now. It used to be that the NFP was a fearsome tidal wave of pent up investor rage, vented in split second violence simply incomprehensible to the uninitiated. But from days where the market would pop in one and sometimes even both directions with 150-200 pips in a few seconds, we are now getting reports with a muted effects of just 50-75 pip moves. But not this past Friday.
Price action shot high and then backed off. Markets were rattled by the great news of the NFP but guess what, it’s not all good news. Sure, the NFP showed that the US economy surprisingly created more than 200k new jobs last month. Yes, despite the shutdown, fears of a default of US debt, and geopolitical issues the US economy managed to keep hiring and growing the employment sector.So how can this be seen as a negative by any measure? It can’t however the concern now is that the Federal Reserve will taper the 80 billion being pushed into the markets monthly. The issue is that long ago, the Fed made clear that the threshold for a possible pullback from the current policy would be an increase of 200k or more new jobs per month. So now we are there. So what we expect is that the Fed will begin making statements to the effect of such a possibility. Or at least, this expectation is manifesting itself into fear as it relates to the forex markets.

Well, markets aren’t quite there yet. The USD continues to pummel the competition and is now trading at a near 2 month low against the EUR at 1.3367. The stock market wasn’t to be left out of the party and headed higher by significant margins and allowed binary options traders to take up options with low risk trades.


EURUSD with binary options 11-11-2013


For the day ahead, expect more of the same. Binary options traders can expect to see more from the USD as it tests lows seen from Friday and head towards 1.32 again. 1.3303 is the current resistance and a break below will obviously mean more drops in the price. Binary traders need to just make sure that momentum is maintained as the break occurs.

No major news is expected for the day ahead so charts will be the primary focus and with good reason. The price action is simply massive so look for volatility to highlight the trading day ahead.

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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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