+1 (866)-882-6854
+ 44 203-807-1675
Chat
22:03:29 GMT
Black & White

A DAY LATE – BUT NOT WRONG

AUD/NZD 1.04022 22:00 08.12
NZD/USD 0.71742 22:00 08.12
EUR/AUD 1.42191 22:00 08.12
CAD/JPY 86.453 22:00 08.12
NZD/JPY 81.794 22:00 08.12
AUD/USD 0.74632 22:00 08.12
AUD/JPY 85.108 22:00 08.12
GBP/JPY 142.981 22:00 08.12
EUR/JPY 120.983 22:00 08.12
USD/JPY 114.031 22:00 08.12
EUR/USD 1.06086 22:00 08.12
NZD/JPY 81.771 21:30 08.12
AUD/USD 0.74627 21:30 08.12
AUD/JPY 85.084 21:30 08.12
EUR/JPY 121.015 21:30 08.12
EUR/USD 1.06141 21:30 08.12
USD/JPY 114.011 21:30 08.12
WELLS FARGO 57.285 21:00 08.12
USD/CHF 1.01627 21:00 08.12
TOYOTA (US) 122.740 21:00 08.12
SONY 29.155 21:00 08.12
SILVER 17.011 21:00 08.12
GOLD 1170.838 21:00 08.12
COLGATE-PALMOLIVE 65.695 21:00 08.12
FIAT CHRYSLER 8.46 21:00 08.12
X
We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
January 29th 2014 7:00am GMT, London UK
 
Yesterday we reported how we expected some form of bounce back or at least some semblance of optimism in the face of all the global malaise. In essence, it wasn’t so much a call or expectation for a bounce back as a reluctance to accept the very nature of the current downturn at fact value. On the one hand there is no doubt that the global economic seems to be in peril. The Chinese are reporting worse economic figures nearly daily and the US economy isn’t living up to the hype. With the potential for even worse jobs data in early February, it’s hard to understand why anyone has any reason to take up options on days like these. But leave it to binary options traders to find just such reasons and yesterday provided a number of them.

For starters, the US indices headed back higher, rallying after an abysmal Friday session which stretched into Monday. The S&P rose 0.61% to 1792.5 in vigorous trading. The Dow fared similarly, rising 0.57% but still a far cry from the highs seen late December. It’s hard to tell what’s actually capable of taking the markets back higher.

For the markets today, binary options traders will again continue to focus on the forex pairs, as usual. But for indices traders, note that the Asian session ended on a tear with the Nikkei closing up over 2.7% on the day. Sure, this isn’t enough to recover from the losses over the last few days, but it is certainly testament to the overpowering will of the markets to continue heading higher.

This should lead the EU session to have some added impetus and more importantly, the US session should start off with yet more to strive for in its bid to head ever higher.

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

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