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By: Adam Stone
February 7th 2014 9:30am GMT, London UK

The dramatic day ahead, headlined by the NFP report expected today at 13:30GMT, is coming in the wake of a rally in most markets. The US rallied back higher again yesterday and following this result came the rise in Asian shares as well. The NIKKEI just closed up its trading session up over 2.2% on the day and this after most Asian markets neared 5 month lows. But the day ahead has nothing to do with Asia and everything to do with the US and its ability to create jobs in the shaky economy.

Since the Fed decided to start tapering its stimulus program before last month, things in the US markets has been volatile, to say the least. Now looking at the most important bit of news to influence both the Fed and the markets themselves, things are in much of a quandary. What will happen if the NFP is at or above expectations? What if it’s below the expected level?

These are the questions binary options traders are asking themselves as we start the day today. For starters, the market is expecting a figure of 185k this month. The issue now is whether the ADP report from Wednesday, which showed only 175k new employees in the US economy, will be bettered by the NFP report today? It’s an interesting question seeing as how the typical binary options trader will in fact try to trade the news today. After all, this is the tsunami of the month. Unlike other big events that comes as something of a surprise, either due to the result or the event itself. The NFP is a well documented and well known event. Traders circle this event days and weeks in advance and as such, despite all the preparedness, the markets take in the shock of the results, be they what they may be, with great fanfare.

So looking at the current situation, we can expect markets to push higher if the result is at or above the market expectations as explained above. The will mean a push higher for stocks, indices and the USD. The USD specifically has weakened in the last 24 hours and this could be curtailed by a good result today. Expect the USD to remain rather quiet and stand pat until the release today at 13:30.

NFP with binary options

Note too that simultaneous results of the NFP and the unemployment rate create an even more volatile trading climate. Expect things to be rather rowdy as the results stream in so be prepared for both indicators to prove positive, negative, or neutral.

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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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