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NFP DAY – LOTS OF OPTIONS

BITCOIN 781.950 11:20 03.12
BitCoin/CNY 5382.550 11:20 03.12
BITCOIN 782.045 11:00 03.12
BitCoin/CNY 5383.210 11:00 03.12
BITCOIN 782.136 10:40 03.12
BitCoin/CNY 5383.835 10:40 03.12
BITCOIN 782.186 10:20 03.12
BitCoin/CNY 5384.175 10:20 03.12
BITCOIN 782.498 10:00 03.12
BitCoin/CNY 5386.325 10:00 03.12
BITCOIN 780.288 09:40 03.12
BitCoin/CNY 5371.115 09:40 03.12
BITCOIN 781.315 09:20 03.12
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US LABOR SEALThe dollar is dropping and with it are falling stock prices in the US. As we explained in our analysis back on Monday of this week, the way of the stocks is the way of the dollar and binary options traders need to pay heed. The fact is, the USD is being directly effected by two major factors which are the risk appetite in the market and the market’s perception of the US economic indicators. Binary options traders as well as other investors may find themselves scratching their heads at the question of “risk appetite”. After all, it’s not really possible to gauge this in any meaningful way. Binary options traders can however gauge in very exact terms the perception of the markets of US based indicators and no better day to do this than today as today is the NFP day. Yes, it’s Non Farm Payrolls day. 2 in the same 2 month span is a big deal.

Due to the US government shutdown, we are now getting 2 doses of NFP within just 2 weeks and this gives a large amount of momentum to such assets as the USD. Dollar traders can take a close look at the move downward and simply strategize now about what to do next.

Well, first things first. The NFP today is the real story and binary options traders from across the globe will be glued to their screens as the results come in at 12:30 GMT today with a release expectation of 130k new jobs created in the US economy. Problem is, the previous result was 148k and this is already considered a rather low figure. The previous result, released only 2 weeks ago, was for September and this result will be for the October which was laden with fear and worry in regards to the shutdown and default issue. But now that those are behind us, it’s very possible that the November figure will be better. However, we aren’t here to discuss November but rather just October.

As such, the October figure to be released today is not going to be a pretty site. With the markets already taking hits due to the dollar’s strength over the last 3 sessions, the general direction is down for US based assets, other than the USD. The EUR/USD as such may find itself carrying on lower until the release of the NFP.

If the results are better than expected but lower than the previous results, binary options traders can expect a move higher by a slight margin for the EUR/USD and possibly for stocks.

If the results are better than the previous results, expect the EUR/USD to fall hard only to rebound quickly and head higher rather quickly.

If however, results are in line or worse than expected, you can expect to see the EUR/USD head higher and stocks head significantly lower.

The scenarios are based on the assumption that the overall unemployment rate will remain unchanged. If the change in NFP causes a change in unemployment rate, a very unlikely proposition, then the direction of the unemployment rate change will be that which dictates the direction of the markets for binary options traders.

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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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