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EUR/USD AND TWITTER IPO WITH BINARY OPTIONS

EUR/USD 1.06062 00:30 21.02
NZD/USD 0.71666 00:30 21.02
AUD/CAD 1.00763 00:20 21.02
BitCoin/CNY 7290.305 00:00 21.02
AUD/NZD 1.07178 00:00 21.02
NZD/USD 0.71742 00:00 21.02
EUR/AUD 1.37969 00:00 21.02
CAD/JPY 86.436 00:00 21.02
NZD/JPY 81.265 00:00 21.02
AUD/USD 0.76895 00:00 21.02
AUD/JPY 87.098 00:00 21.02
GBP/JPY 141.280 00:00 21.02
EUR/JPY 120.171 00:00 21.02
USD/JPY 113.272 00:00 21.02
EUR/USD 1.06089 00:00 21.02
NZD/JPY 81.332 23:30 20.02
AUD/USD 0.76855 23:30 20.02
AUD/JPY 87.028 23:30 20.02
EUR/JPY 120.162 23:30 20.02
EUR/USD 1.06119 23:30 20.02
USD/JPY 113.238 23:30 20.02
BitCoin/CNY 7186.225 23:00 20.02
AUD/NZD 1.06976 23:00 20.02
NZD/USD 0.71849 23:00 20.02
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Today, the widely anticipated IPO of Twitter stock makes its way into the binary options market. Traders will be able to take advantage after the initial release so get ready but more on that below. (For more information, click here )
Twitter-IPO-Wall-Street-bull

Markets again had a strangely mixed day yesterday as the USD lost some ground while some indices rose very nicely higher yet others fell. As we explained yesterday, the EUR/USD was a good choice to follow. As the forex pair broke past 1.3520, up options came into play and should have made for some very low risk/high profit scenarios for our readers. After all, the forex pair headed straight past this resistance and finished the move above 1.3550. However, since, the USD has made a move back higher and now the EUR/USD is trading near 1.3520 again which is now causing the 1.3520 resistance to simply lose all of its significance.

 

As such, binary options traders will more likely focus on up options after a break above 1.3528. The resistance above this is 1.3540 and then 1.3547 which is the high from yesterday. Of course, based on the move from around midnight, the downtrend might look simply more appealing and likely to binary options trades. 1.3503 is the current support level. Any break below is going to get binary options back in the fray with down options in much the same fashion that occurred last week as the USD ploughed higher.

 

For the day ahead, look for the release of the Initial Jobless Claims with expectations for a figure around 335k which is very close to last week’s 340k. This Friday, with the release of the NFP (non farm payrolls) this figure will be scrutinized. So expect some possible volatility in and around the release. Of course, any better than expected figure will help push stocks higher and might help the USD edge up higher as well.

 

As for the Twitter IPO, 15 minutes after the beginning of the US session, trading should start as expected. Due to the massive hype around this IPO, there is a concern about communication problems between the New York Stock Exchange (NYSE) and data feeds as was the case with the IPO of Facebook stock. In that case, trading wasn’t available till nearly 15:00 GMT. In any event, the price was set last night and the expected IPO price will be around $23-26. Expect some wild swings

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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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