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BINARY OPTIONS TRADING WITH THE DAX

BITCOIN 781.950 11:20 03.12
BitCoin/CNY 5382.550 11:20 03.12
BITCOIN 782.045 11:00 03.12
BitCoin/CNY 5383.210 11:00 03.12
BITCOIN 782.136 10:40 03.12
BitCoin/CNY 5383.835 10:40 03.12
BITCOIN 782.186 10:20 03.12
BitCoin/CNY 5384.175 10:20 03.12
BITCOIN 782.498 10:00 03.12
BitCoin/CNY 5386.325 10:00 03.12
BITCOIN 780.288 09:40 03.12
BitCoin/CNY 5371.115 09:40 03.12
BITCOIN 781.315 09:20 03.12
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Markets again climbed higher yesterday as the USD headed a touch lower making it easier for foreign investors to plough in more cash into the hot US stock market. The S&P recorded yet another fantastic day with an increase of 0.36% to 1767 while the DOW tepidly climbed 0.15% to 15639. The NASDAQ had a fine day after rising 0.37% to 3936. However, it is important to note that the USD gained ground earlier today during the Asian session and is now trading near 1.3502. The EUR’s fall of about 10 pips is nothing short of banal, but it could be a sign of things to come seeing as how the ECB gets set to meet later this week and statements made by the President, Mario Draghi, or other representatives, could mean trouble for the EUR.

The ECB, the European Central Bank, isn’t accustomed to making large sweeping policy changes but they sure like to talk a lot about them. At the moment, the Asian markets are still open and after a rather volatile session are showing mixed results. The NIKKEI is currently up 0.17% while the Hang Seng is down 0.42%. The differing trends shouldn’t make too much of an impact but the fact that different markets see things this differently is telling. The important thing to note for binary options traders is that despite this focus on the ECB, they aren’t going to make such statements or any policy changes until Thursday at the earliest. So binary options traders will need to remain vigilant until that time. It is widely believed that the ECB will in fact drop interest rates slightly and this is already helping push European stocks higher.

The FTSE closed yesterday’s session up 0.43% to 6763 and the DAX closed 0.33% higher to 9037 thus maintain its support level at 9000 firmly intact. The DAX is going to be heavily traded today with possible tests of this support level. Binary options traders will do well to keep an eye out for any test of 9000 which will allow the use of reversal strategies whereby the trader can take up options on each test of the support. For those more skeptical about such a move, and possibly with good reason, keep focused on the current trend higher and take up options on a break of resistance above 9040.

No major economic news is expected today so binary options traders will surely focus on the charts. Do keep in mind that if you trade the late session (after the US close today) that the Japanese are expecting some news. While this while have little to no effect on the EU or US sessions, the Asian session might open in a flurry as the BoJ (Bank of Japan) gets set to make a policy decision on interest rates. Any major update will have massive effects on the markets. However, the current expectation is for interest rates to remain at near zero levels and as such, there’s little to worry about on that front.

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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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