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BINARY OPTIONS TRADING: RETAIL SALES IN FOCUS

GBP/USD 1.25514 10:20 24.02
EUR/USD 1.05914 10:20 24.02
OIL-APR17 (BRENT) 56.330 10:15 24.02
AUD/USD 0.77055 10:15 24.02
AUD/JPY 86.694 10:15 24.02
SILVER 18.268 10:15 24.02
GOLD/EUR 1185.135 10:15 24.02
OIL-MAR17(WTI CRUDE) 53.980 10:15 24.02
GOLD 1255.437 10:15 24.02
EUR/JPY 119.183 10:15 24.02
USD/JPY 112.507 10:15 24.02
GBP/USD 1.25443 10:10 24.02
EUR/USD 1.05929 10:10 24.02
BitCoin/CNY 7817.995 10:00 24.02
USD/RUB 57.877 10:00 24.02
USD/NOK 8.32889 10:00 24.02
USD/CHF 1.00520 10:00 24.02
OIL-APR17 (BRENT) 56.245 10:00 24.02
NZD/CHF 0.72642 10:00 24.02
CAD/CHF 0.76746 10:00 24.02
NZD/USD 0.72268 10:00 24.02
SUGAR (11)-MAR17 20.1150 10:00 24.02
EUR/AUD 1.37528 10:00 24.02
CAD/JPY 85.880 10:00 24.02
AUD/USD 0.77030 10:00 24.02
AUD/JPY 86.645 10:00 24.02
GBP/USD 1.25379 10:00 24.02
EUR/USD 1.05932 10:00 24.02
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As we explained yesterday, the easiest trade of the day would be a down option on the S&P stock index. Sure, there was a cloud of concern as to whether the index would just carry on higher, turning its back on the worries of the Fed’s impending tapering plan. For those not up to speed, the US’s Federal Reserve has been pumping approximately $85 billion into the US economy each month. This capital inflow is attributed with at least part of the rise in US stocks since September of last year. Mind you, that since that time, the S&P’s rise though one resistance to the next has been very easy to trade binary options with.

The reason is, with binary options traders are able to take end of day options and simply walk away. Once the break comes into play, the index simply has an amazing tendency to stay on course with the break and not retreat. For forex or CFD traders, this is a less important attribute of a particular asset. But for binary options, the stickiness of a particular move is everything. This is precisely why we love the S&P. We are now looking at an amazing statistic of 69 breaks since September of 2012. Since that time we’ve had only 4 false breaks. That means that a binary options trader who followed only this signal would be 95% in the money !

So looking at yesterday’s move downward, which we explained would be very likely considering the backdrop of economic events, particularly that of the Fed’s tapering, it’s no surprise it was another win for S&P binary options trading.

Today, will be a bit harder to pick up an easy trade for the index. But keep focused on it and keep it in your watch list. The index isn’t likely to retest the 1800 resistance and as such, the likelihood of a trade is lower. However, if the index begins to rally back. If that of course occurs, then at least reversal strategies could work well. Again, this would be a very high risk strategy, however it is a very viable means of trading the index today.

Today’s retail sales figures at 13:30 GMT could help push the index and other stocks higher. Despite some preliminary reports showing that holiday related sales haven’t been very robust thus far this year, the retail sales figure can certainly surprise and help push things back higher. Sure, the tapering and its consequences are still going to be the forefront. Nonetheless, this is the only economic indicator slated for the day and as such, binary options traders will be on the lookout for the market’s reaction. We are hoping the figure is positive and creates some upside pressure.

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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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