+1 (866)-882-6854
+ 44 203-807-1675
12:28:54 GMT
Black & White


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
We apologize for the inconvenience, registration from your state is disallowed.

Markets shot higher yesterday as the US’s Federal Reserve calmed markets about the end of quantitative easing, and it worked. US stocks and the USD all headed higher as the Fed reassured markets that despite the impending end of the capital inflows directed by the quantitative easing program in place since September of 2012, interest rates will remain at or near zero for the foreseeable future. This allowed binary options traders to seek upside momentum in the markets and much was found. As a result of the news, the markets sighed a collective sigh of relief and sent that managed to send the S&P up to 1675 after climbing 1.36%. It was a solid day for the Dow as well which finished 1.11% higher to 15460 as the tech heavy Nasdaq index closed the session up 1.63% to 3578.



The overall picture is rather murky, despite this momentum. After all, the Fed requires a drop of the unemployment rate to approximately 6.5% and with the rate currently above 7.5% there’s a lot of work that needs to be done. We believe that this sigh of relief will be longer term. Analysts will realize that that the Fed, now committed to longer term low interest rates, will likely begin working on that much further in the future because the bond buyback program in place cannot end any time soon. It will take many months to get to 6.5% and as such, the September cutoff date, which many traders fear, is not likely to be a reality.



As such, binary options traders will likely be focusing on the upside for the coming day and even into the coming week. Our only current concern is the fact that indicators are pointing lower. The stock index futures are pointing lower already and although this could just be minor fluctuations, it could also be an indication of a possible correction. That is our only real concern at the moment. We don’t want to be looking higher and find ourselves out of sync with the trends in the market.



The EUR/USD and other forex pairs are currently getting more USD bullish. So despite the indicators pointing lower for stocks, the USD continues to pare back losses from 2 days ago. But we don’t expect some major correction to suddenly be seen. In fact, the current support levels may actually hold up and create some stickiness in the coming days. The current support level is at 1.3060 and despite being a well documented target level, it’s not likely to break in the coming hours. No significant news is expected in the coming day and as a result, binary options traders may opt for reversal strategies on tests of the level. Although being a riskier venture, the strategy can pay serious dividends if executed well on a day like today.



Just note again, the risk level for taking up options on such a test run higher if you don’t take up break strategies if the level breaks in the end.

Share Button
Adam Stone
Follow me

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
Follow me

Start Trading with the most professional mobile platform, always on the GO
Play StoreApp Store