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By: Adam Stone
March 3rd 2014 7:27am GMT, London UK
Despite a late surge in stock price in the final minutes of trading on Friday, it looks like any momentum remaining in the US markets is about to be tossed in the bin. The fact that China is rattling the markets on a regular basis is a basis for concern as we start a new day and a new week of binary options trading today. Just today, very early in the Asian session, the Chinese reported more robust indicators about their services sector and yes that’s a good thing. Problem is, China is still very much a manufacturing power-house and results from the manufacturing were sub par causing the wide stretching losses in the Asian markets. The NIKKEI is closing up its session down 1.27% to 14652. The NIKKEI, which was above 15000 for a long stretch is struggling to regain the form it had as 2013 was closing up.

Since the start of the year, the index has been battered and this despite news that the BoJ, the Bank of Japan, decided to increase stimulus by a factor of two. Nothing seems to be able to get the Asians back on track and this is primarily attributed a much weaker Chinese economy that even previously perceived. This is obviously having a direct impact on the Chinese stock markets but also those periphery markets like those in Japan, Thailand, and Korea. The volatility therein is rippling into Europe and of course into the US as well. Despite the sense of isolation US markets tend to show in nearly every world event, a weakening Chinese economy is not something that will be able to be shrugged off by the US stock markets. As such, expect this to spill over into the US today as well. There’s no present indication that it will have a lasting effect, but even if the markets are hell-bent on a positive opening, it will still be seen as a drag on the overall velocity of the markets today.


In forex trading, binary options traders had no choice but to take note of the massive move the EUR put on the USD. Although pressure has been quite heavy on the USD of late, no one expected such a jump in EUR value this past Friday in a seemingly completely unanticipated move. The EUR/USD, now valued near 1.3781, jumped from 1.3710 which was a pivot point of many strategies used over the past 10 day, all the way to 1.3823 and then backed down. Look for more pressure on the EUR to continue to the upside despite the move lower earlier today. Things look very positive for the EUR/USD and it would be a shame not to take advantage when the time to strike arrives.

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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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