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MASSIVE DECISIONS: BIGGER OPPORTUNITIES

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By Adam Stone
18th of December 2013 6:00 GMT

Today is going to be a massive day for traders the world over. Whether you trade binary options, stocks, forex, commodities, or indices the market will be bustling with scenarios and possibilities as the Federal Reserve gets set to make a decision about the future of the bond buy back program which has been pumping $85billion per month since 2012. As we wait for the results of this major economic decision, the Asian markets are already heading higher with the NIKKEI busting right past 15500 this early morning.

The Asian session has been upbeat since opening and looks to be paving the way for a positive day of trading across Europe and possibly later into the US. But what are these Asians actually betting on? Is the possibility of a “no” to tapering actually the reason for their pushing markets further higher? It’s a distinct possibility that the markets are heading higher in hopes or desires that the Federal Reserve decides to leave things as they are or taper extremely moderately. This only becomes more difficult a decision for both the Fed and the market as we get flooded by more and more positive news from the US economy.

So today at 19:00 GMT the Fed will make a public announcement about the future of quantitative easing. “It is increasingly looking like a coin flip,” said Michael Feroli, JPMorgan’s chief U.S. economist. This statement basically sums up the current situation with just as many thinking the Fed will in fact taper as compared to those who feel they will simply wait it out just a bit longer. The reasons for tapering are simply based on the strengthening jobs market in the US. However, the reasons against are based on the overall status of the economy which sees a rather weak GDP and inflation simply not on the rise. Without these 2 key indicators showing any strength, it’s hard to understand why the Federal would act now but rather wait till there’s some trickle of support to these 2 metrics.

US markets aren’t quite as upbeat as those in Asia and showed this by again falling. The S&P, unable to even test the resistance at 1800, fell 0.31%. For forex trading binary options enthusiasts, the EUR/USD forex pair is still stuck in the mud. Generally, as we near the end of the year and deepen into the holiday break, things slow down in forex. Sure, there have been years when the markets simply went absolutely nuts during this period but it’s rare. So expect quiet. Binary options traders will want to wait to see if the market is able to at least test one of the boundaries which are currently 1.3705 to the downside and 1.3810 to the upside. Look for both reversal and break strategies to look to be employed today

EURUSD with binary options 18-12-2013

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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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