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Binary options traders are getting all ready for an incredible week of trading. As always, we are getting set to see the release of the NFP, Non Farm Payrolls report, this coming Friday. It is the most highly anticipated news release each month, but we need to go through an additional 4 full trading days, loads of hot dogs and other July 4th fare, and tons of other news before we get to take a bight out of that juice bit of NFP goodness. Well, it’s not all good for binary options traders to be completely honest. For those trading forex pairs, it’s been a bit of a nightmare, these past 2 weeks. With the EUR/USD and other major forex pairs barely moving, a trend to find has been a very difficult task.



But beyond forex, things have been just as difficulty. With the volatility in the stock markets, traders of binary options, stocks, and forex have been having a very hard time pinning any specific trend to the markets. Today will be no different after a tough drop this past Friday, more could be expected in the day ahead. Stock index futures are already pointing lower for the day meaning binary options could actually see some small bit of trending markets today. This should lead to a break of the critical support of the S&P stock index at 1600. Of course, any break lower of this level will lead to binary options traders taking down options. At the moment, given the amount of momentum already in place in the market coupled with the opening which is expected to be lower, this looks like a low risk trade opportunity for binary options. The reason is, this index has a specific behavior when falling below support or breaking above resistance; very few false breaks. Of course, you need to know where those levels are to begin with. But the 1600 level has already established itself as an important level and binary options traders.



Things will be volatile today, as we’ve mentioned and news will be of great importance for the entire week. Things get going bright and early today with the release of the ISM Manufacturing Index. The indicator is an important one. We are in a state of flux in the economy today and the world needs to see some validity to the current recovery, something virtually unseen in any major indicators of late. So beyond the jobs data, which carry paramount importance, indicators like the ISM can help provide the real directionality of the market



Any reading below 50 will lead binary options traders back into the fray with ideas of a downtrend to play for. This is because readings below 50 indicate a recessionary economy while an reading above 50 indicates an expanding one. Markets are expecting a reading of 50.5, which is just in the expansionistic territory and carries great importance if in fact we see the figure in this area.

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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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