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NFP PUSHES EVERYTHING HIGHER

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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Markets on Friday finished stronger and gave binary options traders plenty of reasons to be grateful this holiday season. For the 3rd time in the last 2 weeks, the S&P made a clear break allowing binary options signal traders to take up options with low risk trades. This time, the 1800 resistance was broken after a big 1.12% move higher by the index, which finished the day at 1805. But the S&P was just one of many available break based trades. Another great one was the move by the Dow Jones stock index which finished 1.26% higher to 16020.

The break above 1600 was what we were waiting for and binary options traders pounced on this trade as well. The Dow Jones index is very similar to the S&P, however it doesn’t behave quite as transparently.

But Friday wasn’t a normal day. With the Non Farm Payrolls release, things obviously were centered on data and less on price action. 203k new jobs were created in the US economy and this has a number of significant issues associated with it. For starters, the 200k mark is what the Federal Reserve set as the threshold for the tapering of the quantitative easing currently in place and which pumps around $85 billion into the economy per month. The tapering essentially means a drop in this figure and with it means a possible drop in stock prices as the majority of this money went to spur stock price growth.

But that’s not really all. With the NFP rise, the unemployment figure dropped to 7.0% and this was not expected. Now, binary options traders will be able to speculate on the future of the jobs market directly via the stock prices which might end up turning a blind eye to a drop in Federal Reserve cash injections in favor of the actual economy showing strength. The ability of the US economy to stand on its own 2 feet. These results are a dagger in the heart of the naysayers and now things really do look to be moving forward for the economy.

The forex market took the news in an initially positive manner with an obvious and quick move forward by the USD. However, very soon after reaching a low of 1.3620 of the EUR/USD, the forex pair jumped back higher to 1.3720 and it looks like the EUR/USD is strengthening on the back of the possibility that the Fed won’t taper as soon as others expect. For the day ahead, expect more upside pressure.

Currently the EUR/USD is trading near 1.3705 so the current resistance of 1.3720 looks to be at least tested in the coming hours. Look for a break in order to take advantage of a low risk trade.

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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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