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By: Adam Stone
July 4th 2014 4:44am GMT, London UK
Binary options traders are probably getting ready to revel in the celebrations surrounding the July 4th (The US Independence day for those unfamiliar). But before you all get all over-excited and break out the slip ‘n slide, get ready for an awesome day of trading ahead. Sure, we don’t want to take you away from your families on this most glorious of summertime festivities, but there are many things our traders need to know about.

For starters, trading got a jump start yesterday, while liquidity was unusually low despite the holiday only beginning today. Obviously, US markets are shut down today and liquidity across much of the market will be muted. But that doesn’t mean traders aren’t still spinning over the news from the US economy which reported a fantastic NFP, non-farm payrolls report. The news helped the S&P and other US indices bounce higher after languishing in a range for much of the last week. 288k new jobs were created in the American economy last month (June) and more importantly, the unemployment rate is now at a 6 year low at 6.1%. Below 6%, the American economy would be considered to be surging. So despite much of the negativity surrounding the analysis of the day across much of the media, we see things in the American economy as very positive with little in the way of economic head winds for the US economy.

For the day ahead, expect things to be rather quiet with forex pair leading the way. After all, the USD crushed all of the pairs out since the release of the NFP. The EUR/USD is now trading near a 1.3607; not seen since the 26th of June. The strong move by the USD seems to be a few days in the works. We didn’t really believe we’d get such incredibly positive results, so admittedly, we missed the boat on this one. However, traders who see such a move need to get involved. So today, binary options traders should look for further moves lower by the EUR/USD, but keep in mind that things will be slow. Don’t expect another major break until Monday.

EURUSD with binary options 4-7-2014

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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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