+1 (866)-882-6854
+ 44 203-807-1675
Chat
17:23:57 GMT
Black & White

LOOKING FOR MORE

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

Binary options trading is going to focus on the news today as the retail sales figures are set for release at 12:30 today. Retail Sales and Core Retail Sales are going to be released and the market is expecting a betterment in the results. Core Retail Sales last month were shown rising by 0.3% and this month, markets are expected a result of 0.6%. The wider scoped Retail Sales figure is expected to show a figure of 0.8% as compared to the previous month’s 0.6%. This is all the is expected in the coming hours of the trading day and binary options traders nay actually focus on the preceding events prior to the release of the data mentioned above at 12:30 GMT. News started early today with the release of the Chinese GDP data which calmed the nerves of traders worldwide.

 

 

The release showed that the Chinese GDP dropped to 7.5% as compared to last year’s 7.7%. But this was expected and worries of a stiffer drop were quelled. This allowed binary options traders to focus on up options with Asian assets since the markets opened earlier today.

 

 

The Nikkei index is reaching close up 0.23% to 14506 as the Hang Seng is currently up 0.18% to 21315. As a result of this upward pressure, things could open higher in Europe. We are looking to see if the European session does in fact head higher as this will certainly assist in creating momentum for the US session. Any positive effects of this type will certainly help push indices and stocks like GOOG and AAPL higher.

 

 

It is important to note that focus for now is still on the price of forex pairs like the EUR/USD which is currently trading near 1.3010. Look for the pair though to remain pressured by both sides and as such, movement isn’t to be expected in any dramatic fashion. Expect short burst price action here today and expect next to nothing until the data releases in the US later today. On the other hand, the pair is drifting lower in the hours since opening and as such, the pressure to the downside is certainly stronger and gaining momentum. Look for a break of 1.30 in the coming hours. The level has already been tested and as such, binary traders will likely opt for reversal strategies until such time as a  break makes itself apparent on the charts.

 

 

Until then, stick to the reversals but be ready for a break and go with a break strategy immediately. Otherwise, risk levels will remain exceptionally high for traders.

Share Button

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