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BINARY TRADERS STICK WITH FOREX PAIRS

AUD/NZD 1.04022 22:00 08.12
NZD/USD 0.71742 22:00 08.12
EUR/AUD 1.42191 22:00 08.12
CAD/JPY 86.453 22:00 08.12
NZD/JPY 81.794 22:00 08.12
AUD/USD 0.74632 22:00 08.12
AUD/JPY 85.108 22:00 08.12
GBP/JPY 142.981 22:00 08.12
EUR/JPY 120.983 22:00 08.12
USD/JPY 114.031 22:00 08.12
EUR/USD 1.06086 22:00 08.12
NZD/JPY 81.771 21:30 08.12
AUD/USD 0.74627 21:30 08.12
AUD/JPY 85.084 21:30 08.12
EUR/JPY 121.015 21:30 08.12
EUR/USD 1.06141 21:30 08.12
USD/JPY 114.011 21:30 08.12
WELLS FARGO 57.285 21:00 08.12
USD/CHF 1.01627 21:00 08.12
TOYOTA (US) 122.740 21:00 08.12
SONY 29.155 21:00 08.12
SILVER 17.011 21:00 08.12
GOLD 1170.838 21:00 08.12
COLGATE-PALMOLIVE 65.695 21:00 08.12
FIAT CHRYSLER 8.46 21:00 08.12
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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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