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APPLE PRODUCT LAUNCH TO PUSH MARKETS HIGHER

FTSE F-DEC16 6745.750 08:00 06.12
USD/RUB 63.806 08:00 06.12
USD/CHF 1.00590 08:00 06.12
OIL-FEB17 (BRENT) 54.685 08:00 06.12
COPPER-NOV16 2.6553 08:00 06.12
NZD/CHF 0.71775 08:00 06.12
CAD/CHF 0.75864 08:00 06.12
NZD/USD 0.71357 08:00 06.12
EUR/AUD 1.44544 08:00 06.12
CAD/JPY 85.854 08:00 06.12
AUD/USD 0.74454 08:00 06.12
AUD/JPY 84.756 08:00 06.12
GBP/USD 1.27552 08:00 06.12
VTB BANK 0.068930 08:00 06.12
TENCENT HOLDINGS 190.150 08:00 06.12
ROSNEFT' 350.875 08:00 06.12
GOLD VS SILVER 69.8109 08:00 06.12
EUR/GBP 0.84379 08:00 06.12
OIL-JAN17(WTI CRUDE) 51.435 08:00 06.12
SILVER 16.805 08:00 06.12
GOLD/EUR 1090.185 08:00 06.12
GOLD 1173.311 08:00 06.12
NASDAQ F-DEC16 4779.125 08:00 06.12
GOLD VS OIL 21.4558 08:00 06.12
USD/CAD 1.32590 08:00 06.12
S.BANK INDIA 259.675 08:00 06.12
AXIS BANK 460.725 08:00 06.12
TATA STEEL 414.100 08:00 06.12
TATA MOTORS 443.150 08:00 06.12
NIFTY F-OCT16 8181.500 08:00 06.12
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Markets in the US, despite many reasons to head down and cower in fear, are heading in with bullish zeal into a very critical stretch here. The S&P closed the day above the critical 1670 level after climbing 1% to 1671. The Dow also had a great day and binary options traders should have been able to take a low risk trade after breaking past the 15000 level yesterday. This index should have been high on the watch list of every binary options trader and it didn’t disappoint. Binary options traders could have even gone for a trifecta by taking the big move on the Nasdaq index to take 3 indices out of 3 in the US session and all for wins. The Nasdaq finished the day 1.26% higher to 3706 and as we reported last week, a move above 3700 would be considered a break allowing binary options traders to take up options with low risk trades.

Most of the bullish attitude probably came from the wrong side of things as it looks bleak for Obama and his bid to get support for an intervention in Syria. No one is really for this, but to be against it somehow simply seems wrong. On the other hand, who’s to win from such an intervention? No one really. On the one side you have a terrorist regime and on the other you have Al Queda back rebels. What’s better for the Americans to back in this case? Yeah, it’s a tricky situation and we can understand why it’s hard to get support. However, the markets did lash out to some extent initially by not seeing a knee-jerk reaction by the government. Had Obama simply launched a 3-5 day cruise missle target practice exercise on the army of Syria, he would have his word ,he would have his integrity, and it would be over already. But now it’s drama and markets can’t stomach drama which is why we are witnessing the big ups, like yesterday, and the big downs, like last week.

It’s up to binary options traders to sift through all of this. On the other hand, there’s not real brain work here. After all, a break is a break. Once an index build up the momentum and crashes the gates of a resistance, it’s simply a matter of pulling the trigger for binary options traders. This is especially true of incidence like those we had yesterday where the indices simply moved higher right past resistances with nary a bear in sight.

apple product launchSo for the day ahead, Chinese data will continue to be scrutinized for the bulls and with today’s Apple product launch. Binary options traders will likely be unable to take advantage of the moves on Apple directly, but the indices will react and likely in a positive manner. Stock index futures are already pointing higher today. So expect more bullishness and extended gains for another day

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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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