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HEADING UP

EUR/USD 1.07450 08:50 24.01
FTSE F-MAR17 7093.750 08:45 24.01
OIL-MAR17 (BRENT) 55.505 08:45 24.01
AUD/USD 0.75631 08:45 24.01
AUD/JPY 85.698 08:45 24.01
SILVER 17.135 08:45 24.01
GOLD/EUR 1129.125 08:45 24.01
OIL-FEB17(WTI CRUDE) 52.550 08:45 24.01
GOLD 1213.390 08:45 24.01
EUR/JPY 121.772 08:45 24.01
USD/JPY 113.315 08:45 24.01
EUR/USD 1.07445 08:40 24.01
AUD/CAD 1.00283 08:40 24.01
BitCoin/CNY 6346.460 08:30 24.01
FTSE F-MAR17 7091.750 08:30 24.01
USD/NOK 8.34993 08:30 24.01
OIL-MAR17 (BRENT) 55.685 08:30 24.01
NZD/USD 0.72226 08:30 24.01
AUD/USD 0.75621 08:30 24.01
AUD/JPY 85.670 08:30 24.01
EUR/USD 1.07473 08:30 24.01
VTB BANK 0.068765 08:30 24.01
ROSNEFT' 387.975 08:30 24.01
SILVER 17.135 08:30 24.01
GOLD VS OIL 21.7876 08:30 24.01
OIL-FEB17(WTI CRUDE) 52.550 08:30 24.01
USD/CAD 1.32694 08:30 24.01
S.BANK INDIA 255.925 08:30 24.01
AXIS BANK 449.200 08:30 24.01
TATA STEEL 461.975 08:30 24.01
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Data pushes markets up and down on virtually each and every day but these last few days are something of an extreme. However, that extreme is based on the sheer amount of data spewing into the arena and not the actual affect it is having on the markets movements. Binary options traders are probably making great use of this period seeing as how stock indices in the US, at least, are making moves above record highs and making it easy to make nice profitable trades. This was exemplified by the S&P stock index which for the 3rd straight day recorded a new all-time high. It’s actually been eight straight days in the black for the index, creating a special time for the index and for binary options traders who have been seeking easy profits on low risk trades. It literally gets no easier than this.

 

 

From our dealing room, it has been found that last 8 days have seen an increase of 732% in volume on the index which shows how interesting easy profits can be with binary options on such indices. We won’t go so far as to say that this will last forever, but for so long as it does it certainly should be taken advantage of. You don’t get such opportunities to create a better winning percentage for your portfolio than these trades. So today, when the market starts heading higher as indicators now indicate, make sure to look for any break to take end of day up options on the index. The most important level for the index is 1687 which is the intra-day all-time high. Most binary options traders will opt for break strategies by waiting patiently for a break of 1687.

 

 

However, many binary options traders have been taking much higher risk trades over the last 8 days by using reversal strategies. We don’t think this is a good idea especially not on a day like this. The reason is, the index is just below the intra-day resistance of 1684 meaning without a break of this level, you’ll just be waiting for no reason. If, however, you choose to take just break strategies then this level can certainly be used to set up the day. Just make sure then to watch the market after the break. You should certainly lean towards end of day options on a day like this just as we continuously recommend for such index breaks.

 

 

If you choose to ignore the ongoing uptrend in the stock markets then following the uptrend of the EUR/USD could make for interesting binary options trading today. The forex pair is currently trading near 1.3092 and looking to continue the move higher. Look for 1.3115 to break shortly after the EU session opens. Thereafter, the 1.3135 resistance will be closely watched. Reason being, a break of this resistance sets up a test of the 1.32 level and higher.

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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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