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Friday saw markets head back higher but as expected, not enough momentum was available to help binary options traders take advantage with any significant breaks. The S&P managed a fair increase in value up to 1687, a rise of 0.27%. However, it didn’t manage even a test of 1700, which is the coming resistance level. A break of that level will certainly allow binary options traders to take up options with what looks to be a very low risk endeavor. But what needs to occur for this sort of break is likely a deal.


Well that’s exactly what we got in the form of a deal between the US and Russia who finally agreed to something. In this case, the US retained a bit of pride after a very wishy washy two weeks of political wrangling. It won’t save Obama much face to have seemingly made threats only to throw it back on Congress who then forced Obama’s hand into a “deal”. Why is this deal good? Well, it’s not. It’s rather miserable. Only one winner of the deal and it’s not really Putin or Obama, it’s only Assad. He gets to keep his toys for a bit longer and that means he gets to use his toys for a bit longer. Furthermore, no one can do a damn thing about it now and markets are going to show support for it all today.


When the markets open up in the EU and later in the US, markets will head higher. They will do so with no moral quandary. With no weight. This atrocity of a deal has thus relieved markets of any reason to fret or raise any real concern for the need to moralize in any significant manner.


For binary options traders, today will be an interesting day end to end. The fact is, it’s all up in the air but with a clear directional bias to the up side. This will probably include all major stocks and stock indices. However, forex pairs may make something of a statement as things from a completely global perspective may not favor the USD over the course of the entire trading day.


For binary options traders looking to trade the forex pairs today, be careful. Things might simply start picking up speed and will cause the USD to just take off. But for now, it’s all negativity for the USD. The dollar is losing ground to most of the majors and the EUR is obviously part of that group. The fact is, the USD is dropping hard and it’s unlikely to resume the uptrend that seems to have finished off on the 6th of September. Since then, markets have been pushing the USD back down and it looks like the trend lower for the USD is just beginning. It’s simply the forex market showing it’s distaste for the deal with Syria and also the fear of the tapering expected from the Federal Reserve by the end of this week – all USD negatives.

EURUSD with binary options 16-9-2013

EURUSD with binary options 16-9-2013

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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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