+1 (866)-882-6854
+ 44 203-807-1675
17:23:45 GMT
Black & White


GBP/USD 1.24430 17:20 22.02
EUR/USD 1.05615 17:20 22.02
OIL-APR17 (BRENT) 55.815 17:15 22.02
ALIBABA 104.870 17:15 22.02
AUD/USD 0.76832 17:15 22.02
AUD/JPY 87.185 17:15 22.02
SILVER 17.963 17:15 22.02
GOLD/EUR 1167.045 17:15 22.02
OIL-MAR17(WTI CRUDE) 53.980 17:15 22.02
GOLD 1232.476 17:15 22.02
EUR/JPY 119.846 17:15 22.02
USD/JPY 113.478 17:15 22.02
GBP/USD 1.24423 17:10 22.02
EUR/USD 1.05583 17:10 22.02
BitCoin/CNY 7487.500 17:00 22.02
USD/MXN 19.919 17:00 22.02
WELLS FARGO 58.325 17:00 22.02
USD/CHF 1.01100 17:00 22.02
OIL-APR17 (BRENT) 55.725 17:00 22.02
TOYOTA (US) 114.275 17:00 22.02
SONY 31.285 17:00 22.02
COLGATE-PALMOLIVE 73.035 17:00 22.02
FIAT CHRYSLER 11.35 17:00 22.02
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

Latest posts by Adam Stone (see all)

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