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BINARY OPTIONS TRADING TODAY

ALIBABA 98.255 20:45 23.01
GBP/USD 1.25057 20:40 23.01
BitCoin/CNY 6351.435 20:30 23.01
WELLS FARGO 54.405 20:30 23.01
TOYOTA (US) 118.250 20:30 23.01
COLGATE-PALMOLIVE 67.585 20:30 23.01
FERRARI 61.165 20:30 23.01
TSX 60 916.940 20:30 23.01
ALIBABA 98.210 20:30 23.01
BOEING 157.820 20:30 23.01
AUD/USD 0.75746 20:30 23.01
AUD/JPY 85.603 20:30 23.01
GBP/USD 1.25058 20:30 23.01
GENERAL ELECTRIC 29.645 20:30 23.01
S&P 500 2264.620 20:30 23.01
JP MORGAN CHASE 83.745 20:30 23.01
SILVER 17.171 20:30 23.01
AIG 65.535 20:30 23.01
USD/CAD 1.32506 20:30 23.01
GOLD 1215.815 20:30 23.01
DOW 19792.84 20:30 23.01
AUD/CAD 1.00366 20:30 23.01
DOLLAR INDEX-MAR17 100.135 20:30 23.01
3M 178.245 20:30 23.01
GOLD VS SILVER 70.8022 20:30 23.01
CITIGROUP 55.895 20:30 23.01
CITIGROUP VS AIG 0.85303 20:30 23.01
McDONALD'S 121.320 20:30 23.01
LAS VEGAS SANDS 55.485 20:30 23.01
EUR/JPY 121.465 20:30 23.01
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Markets in the US and in Europe pushed higher yesterday as good news sparked a new wave of optimism in the markets. With so much riding now on good data, it’s no wonder why even the smallest tidbits of data are helping push the stock markets everywhere higher. Yesterday, it was the US with the ISM Manufacturing data which slightly surprised to the upside for binary options traders. The figure was widely expected to show an increase from 49 to 50.5. The release showed a figure of 50.9. The positive aspect of this is not just that the data was better than expected but rather that the figure was higher than the critical 50 level which separates between an indication of a contracting economy, below 50, and an indication of an expanding economy, above 50.

 

 

For the coming day, it’s important to note that everyone’s watching to see whether the US economy is really in expansionary mode or whether this recovery is really in trouble. Obviously the main focus will be jobs data, which we will get a glimpse of only tomorrow (Wednesday) with the ADP Employment Change report which precedes the release of the NFP (Non Farm Payrolls) this week.

 

 

Yesterday, things were rather bullish due to the news from the manufacturing sector. It allowed the US markets to climb higher, especially the NASDAQ stock index which finished up 0.92% to 3434. But most binary options traders will be focusing on the moves of the DOW. Yesterday, the stock index finished the day just below 15000 at 14974 after climbing 0.44%. A break above 15000 will allow binary options traders to take up options today with what looks to be a very low risk trade.

 

 

Binary options traders looking for more technical based trading opportunities may wish to take a look at the stock price of Apple (AAPL) which yesterday created a new gap to the up side. However, despite a very strong move higher, the stock price remained below the resistance at 413. The stock opened the day higher yesterday creating a deep gap on the daily charts. From a technical perspective, such gaps are expected to close within a very short time frame. This alone could cap any gains made by the stock price. But for the day ahead, we are rather optimistic. The formation on the charts looks bullish in the short term and binary options traders would do well to take advantage with an up option on any break of the resistance. If things head downwards however, be aware that the current support is fairly low. The current level is at 402 but we don’t expect it to be even tested today. A break of the support level will cause a complete break and likely even an immediate closure of the gap formed yesterday. As we mentioned, this doesn’t look very likely today and might need to wait till after the jobs report tomorrow.

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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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