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EUR/USD FLIES HIGHER

ARABIAN PIPES COMP 15.8250 12:20 05.12
SAUDI REFINERIES 39.850 12:20 05.12
GBP/USD 1.27117 12:20 05.12
EUR/USD 1.06980 12:20 05.12
FTSE F-DEC16 6744.250 12:15 05.12
OIL-FEB17 (BRENT) 54.785 12:15 05.12
AUD/USD 0.74283 12:15 05.12
AUD/JPY 84.990 12:15 05.12
SILVER 16.686 12:15 05.12
NASDAQ F-DEC16 4763.875 12:15 05.12
GOLD/EUR 1090.935 12:15 05.12
OIL-JAN17(WTI CRUDE) 51.935 12:15 05.12
GOLD 1167.650 12:15 05.12
EUR/JPY 122.460 12:15 05.12
USD/JPY 114.415 12:15 05.12
GBP/USD 1.27284 12:10 05.12
EUR/USD 1.07070 12:10 05.12
USD/MXN 20.615 12:00 05.12
Vodafone 192.225 12:00 05.12
Rio Tinto 3036.250 12:00 05.12
LLOYDS Bank 57.731 12:00 05.12
HSBC L 625.450 12:00 05.12
FTSE F-DEC16 6739.250 12:00 05.12
FTSE 250 17426.620 12:00 05.12
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Markets are showing similar ambivalence to the situation to that of the Federal Reserve. Yesterday, the FED released the minutes from its latest meeting, which was held just before the release of the NFP data. This is crucial as it seems that during the meeting, there was no meeting of minds as to the timing of the tapering of the quantitative easing policy currently in place since September 2012. Binary options traders must have noticed that this news was the reason that US markets didn’t manage to generate much momentum and as such, things just sort of hung. But it’s key to realize that despite the lack of agreement on the timing, the end is agreed to. So it’s just a question of when and how and not if.

 

 

Binary options traders looking at the coming day will then see that there are a great deal of opportunities based on this background of news and data. Considering the fact that the markets seems to be rather accepting that the end is near, an uptrend can now get back on track. Yes, despite relatively bad news for the truly bullish, the uptrend should remain in play. The Dow did fall just below 15300 yesterday, but our analysis sees this as purely temporary and the behavior of the index should allow for an easy and low risk trade if the index jumps over 15300 to the upside, as has occurred so many times before.

 

 

Of course, some news today could move markets a bit. Initial Jobless claims in the US at 12:30 GMT may have some impact, but don’t expect an ground shaking move here. Certainly nothing like what happened with the forex pairs yesterday. For those who didn’t see the move, it was rather epic.

 

 

The news from the Fed may not have effected the US markets and they remained rather steadfast. But the USD was having none of it. It was pick up and run for the dollar as soon as the news hit. The EUR/USD headed up from the 1.2780 reached earlier before the release to a high of a 1.3206. The move was far larger than anyone could have expected or built on. We were expecting some movement and even some weakness to the USD, but certainly not a 2% + movement.

 

 

For forex binary options, today could be another interesting day. The EUR/USD has already started to correct the move from yesterday trading near 1.3060 which is a serious correction. It seems to us that the move yesterday was an exaggerated one and we expect the forex pair to stabilize near 1.2950 in the coming 12-18 hours. After that we actually expect the USD to continue its move higher so expect the EUR/USD to continue heading down even if it stalls near 1.2950. A couple of sticky points (supports) include 1.3030, 1.2995, and 1.2950. These 3 levels are of key importance for binary options traders today and need to be heeded.

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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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