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Binary options trading get back to focus on the news as major events are set to hit the market in the coming days. Things kick off with serious jobs data in the US with the ADP Employment Change report set for 13:15 GMT today. The market is expecting a figure of 346k as compared to last month’s 345k. This increase is certainly not enough, even if it proves true, to help push markets higher by any significant amount. Binary options traders are probably aware already that there are 2 major forces in play when it comes to jobs data; the effect of the end of quantitative easing on the markets and the effect of positive data.

 

 

On the one hand, the Federal Reserve is set to remove all Quantitative Easing before the end of the year especially if the Non Farm Payrolls data shows an increase of 200k or more new jobs created in the economy. The problem with this is that the Fed has already created a de facto time frame for this to happen yet, there is no way to know if and when it will occur at all. But traders the world over, who have been spooked by this notion have already begun pushing the markets lower out of fear that the $80 billion the Fed pumps in monthly will evaporate. It is pretty clear though that an additional 50-100k jobs created in any given month will not compensate in any meaningful way to a loss of 80 billion to the markets. But it is obviously a force that will create more infrastructural strength for the economy in the long run and is thus an absolute necessity.  

 

 

As such, it will be difficult to imagine positive data actually pushing the market down, but this has happened on a few occasions since the Fed announced that the end of QE3 will come before the end of this year.  So there’s no guarantee that good news today won’t end up pushing the markets further down lower, especially on a holiday shortened trading session.

 

 

After the release of the ADP report today, be sure to stay focused though. The release of the Initial Jobless Claims report about 15 minutes after the ADP could add even more volatility into an already jump market. This all leads up to the major release of the NFP report on Friday. Note though, until that release and probably from about 1 hour after the reports today, things will be rather quiet barring anything major occurring in Europe.
Expect forex markets to go silent and despite the moves higher by the USD, don’t expect things to get very interesting there. Keep focused though as exogenous volatility can lead to major moves elsewhere in the markets and forex pairs could be quick movers. This is especially true about the movements of Gold as well.

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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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