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BINARY OPTIONS TRADING ON THE S&P TODAY

FTSE F-DEC16 6745.750 08:00 06.12
USD/RUB 63.806 08:00 06.12
USD/CHF 1.00590 08:00 06.12
OIL-FEB17 (BRENT) 54.685 08:00 06.12
COPPER-NOV16 2.6553 08:00 06.12
NZD/CHF 0.71775 08:00 06.12
CAD/CHF 0.75864 08:00 06.12
NZD/USD 0.71357 08:00 06.12
EUR/AUD 1.44544 08:00 06.12
CAD/JPY 85.854 08:00 06.12
AUD/USD 0.74454 08:00 06.12
AUD/JPY 84.756 08:00 06.12
GBP/USD 1.27552 08:00 06.12
VTB BANK 0.068930 08:00 06.12
TENCENT HOLDINGS 190.150 08:00 06.12
ROSNEFT' 350.875 08:00 06.12
GOLD VS SILVER 69.8109 08:00 06.12
EUR/GBP 0.84379 08:00 06.12
OIL-JAN17(WTI CRUDE) 51.435 08:00 06.12
SILVER 16.805 08:00 06.12
GOLD/EUR 1090.185 08:00 06.12
GOLD 1173.311 08:00 06.12
NASDAQ F-DEC16 4779.125 08:00 06.12
GOLD VS OIL 21.4558 08:00 06.12
USD/CAD 1.32590 08:00 06.12
S.BANK INDIA 259.675 08:00 06.12
AXIS BANK 460.725 08:00 06.12
TATA STEEL 414.100 08:00 06.12
TATA MOTORS 443.150 08:00 06.12
NIFTY F-OCT16 8181.500 08:00 06.12
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By: Adam Stone
February 19th 2014 6:25am GMT, London UK
 

Despite the roar heard from Japan in the opening session of the week, binary options traders are witnessing a very tepid response from the rest of the world. Ordinarily, strong stimulus adds momentum to both the local and neighboring economies. However, after the Bank of Japan decided to double the amount of stimulus into the Japanese economy world markets seemed to have been rattled by the prospect that the Japanese economy is actually much weaker than previously thought. The fact that the economy needs this much of a push has led analysts and investors to think that other neighboring economies are weak as well. Although no indication of a Korean bank intervention or such moves by the Thai, Chinese, or Indonesian banks – the general sensation in the market is one of trepidation about the “what if”.

For binary options traders, that “what if” is the reason to enter into the market at any given moment. What traders seek at this juncture is the possibility of a big move on indices, much like what was seen in Japan early yesterday on in the US late last week. Such strong movements in the price action are exactly what binary options traders are looking for on days like this. But it’s going to be hard to find on index trading today considering the mixed reactions in the US yesterday.

The US session closed with the S&P up higher by 0.12% to 1840. However, the Dow closed lower by 0.15% to 16130. For the day ahead, binary options traders might be looking higher with the S&P, but with the shackles and weight of a negative previous day on the Dow might leave traders hard pressed to find a solid signal. If however the S&P blows past resistance at 1850. However, this is a very high figure to expect the market to break today but it’s entirely possible. Note that the resistance level is certainly first and foremost 1850, but the local resistances below might be used by reversal strategists to take down options on a test. These resistances include the closing price of 1844 from over a month ago. This level was reached a number of times since its first touch in December.

Screen Shot 2014-02-19 at 8.13.59 AM

Look today for lots of volatility once the US session begins as many indicators are expected to be released in the minutes after the opening bell. This will be possibly most easily seen in the way the EUR/USD trades today. Of course, the GBP/USD and USD/JPY may exhibit similar price action, the immediate target will be the EUR/USD and as such, expect movements to be first felt there. Once that happens, things can cause indices and other currency pairs to go in different directions

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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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