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BitCoin/CNY 6349.755 09:00 24.01
FTSE F-MAR17 7091.500 09:00 24.01
USD/RUB 59.148 09:00 24.01
USD/NOK 8.35090 09:00 24.01
USD/CHF 0.99882 09:00 24.01
OIL-MAR17 (BRENT) 55.585 09:00 24.01
SBERBANK 168.830 09:00 24.01
GAZPROM 149.230 09:00 24.01
NZD/CHF 0.72218 09:00 24.01
CAD/CHF 0.75336 09:00 24.01
NZD/USD 0.72303 09:00 24.01
CAD/JPY 85.407 09:00 24.01
AUD/USD 0.75683 09:00 24.01
AUD/JPY 85.697 09:00 24.01
GBP/USD 1.24934 09:00 24.01
EUR/USD 1.07478 09:00 24.01
TADAWUL 7081.200 09:00 24.01
VTB BANK 0.068665 09:00 24.01
ROSNEFT' 388.950 09:00 24.01
OIL-FEB17(WTI CRUDE) 52.550 09:00 24.01
SILVER 17.145 09:00 24.01
GOLD/EUR 1129.375 09:00 24.01
USD/JPY 113.236 09:00 24.01
EUR/JPY 121.703 09:00 24.01
GOLD VS OIL 21.8394 09:00 24.01
USD/CAD 1.32582 09:00 24.01
S.BANK INDIA 255.775 09:00 24.01
AXIS BANK 448.900 09:00 24.01
TATA STEEL 464.325 09:00 24.01
TATA MOTORS 541.725 09:00 24.01
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The USD has been rising higher against the major currencies of the world and this week looks to be more of the same. The USD started the day on the same vector and is up 13 pips against the EUR at this point and trading near 1.3481. Just one week ago we were talking about a possible break above 1.39 and a possible test of 1.40, but what a difference a week makes. The markets confidence in the EUR seems to have completely disappeared and now it’s all about the USD. For binary options traders, this might be a bit disjointed from the reality seen most of the week of last. After all, as the USD weakened prior to last week, the US stocks jumped higher. And last week, as the USD headed back up, stocks dropped.

So why is that stocks rose on Friday by albeit a small margin, but the USD carried on strengthening? This question is one of many that will perplex traders today and the truth is that there is no definitive answer. The markets are in a rally stance, that much is clear. The day ahead looks to be able to be pushed higher and all USD based assets are in binary options trader’s scopes.

Look for opportunities to take up options on the USD directly against some big currencies like the EUR or GBP today. However, other good choices to follow include the S&P, which rallied on Friday. The index closed the Friday session up 0.29% to 1761. It’s still some distance from the all time high recorded just 2 sessions ago, but there is now some clear resistance levels to watch out for. 1757 is the first level and 1775 is the next resistance. Any break of these levels will allow binary options traders to take up options with what looks to be very low levels of risk.

For the day ahead, news is on the light side. Other than the release of 1 indicator, the market will be ultimately focused solely on the charts. But do look out for the Factory Orders release at 12:30. Factory Orders are expected to show an increase of 1.8% as compared to the drop last month to -2.4%.

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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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