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BINARY TRADERS STICK WITH FOREX PAIRS

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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Considering a day of news filled with Iran, B52s, and an impending turkey massacre things in the markets were rather tame. The markets in the US had a very subdued session, heading slightly higher on a day that was chock full of strange events. The most scrutinized was obviously news of 2 US B52 planes flying over a contested zone in the South China Sea.

It’s very cold war era, but yes, the US responded to what was deemed “unnecessarily inflammatory” moves by the Chinese and flew 2 unarmed B52s into the territory and Japan responded by no longer providing flight info to the Chinese. The Chinese requested something that apparently was deemed as unacceptable by the liked of the US and Japan and it threatens some geopolitical instability. This just after Iran looks to have secured a deal that will actually keep it out of the headlines for the foreseeable future.

We are very pleased with ourselves after the binary options daily analysis from yesterday provide to provide well over 30 positive reversal signals vs only 10-12 negative reversal signals. Add to that 2 great break trades as the market for the EUR/USD pushed higher and you should have had a massive day trading the forex pair. According to the dealing room, volume on the EUR/USD during the break reached a peak of all time volume for the pair since our inception. In addition, many traders obviously used our reversal strategy as was evident by small spikes in volume during each test of the resistance. The downside was never in question and as we noted, the upside was the way to look for the pair. The day ahead looks to be much more of the same as the pair is already trading near 1.3580 despite a slight weakness over the hours since the day of trading began in Asia.

At the moment, 1.3620 is the critical resistance that stands in the way of the pair heading higher today. On a more local level, 1.3598 is the resistance most binary options traders will keep a close eye on. Obviously any break will lead binary traders to take up options with no prejudice. As it stands, a low level of news will keep focus on the charts again today and binary options traders will likely steer clear of low volatility assets like US indices and stick with forex pairs.

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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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