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NEWS TRADING WITH BINARY OPTIONS

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By: Adam Stone
February 5th 2014 8:40am GMT, London UK
 

Binary options traders need to get ready for a new day with new challenges in the financial markets. With a recent rebound in the US stock markets, things are actually getting more complicated and not any clearer. The Fed is tapering and will likely continue to do so by a sum of 10 billion per month thus placing enormous pressure on the stock markets as well as other emerging markets. Specifically, the stock markets in India, Brazil, Indonesia, Russia, and Turkey are all very vulnerable. These markets are considered the “fragile five” according to most economists as they are on the one hand massive economies but on the other, are vulnerable to the fickle nature of the other major markets specifically the US economy. With the elevated state of volatility, these markets become a focal point for global economic upheaval. Add to this uncertainty surrounding the Chinese market and you have a global slowdown alert on your hands.

Binary options traders, who are fully able to trade all of these markets in one form or another (via currencies as well as indices) should be aware of this and attack with fury on every move the market presents us with. We get more drama with the results this Friday of the Non Farm Payrolls report in the US. Sure, it’s only Wednesday today and we have loads of time before this release, but trust us, it’s on the minds of nearly every trader and banker worldwide.

So how should binary traders contend with the day ahead? Great question. It’s still all about jobs nonetheless. Today the precursor to the Friday release, the ADP payroll change report, will be released. The market expects a release near 180k new jobs created in the US. This figure, just below the Fed’s own threshold for sustainable growth at 200k, should be received with some fanfare and an at-expected rate could lead to an increase for both US indices as well as the USD, at least in the short term. Don’t expect massive moves as just a bit later in the US session, the release of the ISM Non-Manufacturing PMI is expected and this could have a deeper price action effect on the markets as it has greater implications on shorter term trading. While sounding contradictory, it’s not. The fact is the ADP is only a precursor, and Friday is the real show. So expect the results of the ISM to have more of a significant effect on the markets. Expect a figure near 53.7.

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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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