+1 (866)-882-6854
+ 44 203-807-1675
Chat
10:13:36 GMT
Black & White

NZDJPY – AUGUST 6TH 2014

GBP/USD 1.27490 10:10 06.12
EUR/USD 1.07644 10:10 06.12
Vodafone 190.155 10:00 06.12
Rio Tinto 3011.250 10:00 06.12
LLOYDS Bank 58.576 10:00 06.12
HSBC L 645.300 10:00 06.12
FTSE F-DEC16 6741.250 10:00 06.12
FTSE 250 17389.880 10:00 06.12
FTSE 100 6742.800 10:00 06.12
British American T 4346.500 10:00 06.12
Bp 462.750 10:00 06.12
Barclays 218.555 10:00 06.12
USD/RUB 63.788 10:00 06.12
USD/NOK 8.35339 10:00 06.12
USD/CHF 1.00659 10:00 06.12
OIL-FEB17 (BRENT) 54.885 10:00 06.12
Tesco 210.805 10:00 06.12
COPPER-NOV16 2.6553 10:00 06.12
EUR/ILS 4.09585 10:00 06.12
USD/ILS 3.80413 10:00 06.12
NZD/CHF 0.71713 10:00 06.12
CAD/CHF 0.75932 10:00 06.12
NZD/USD 0.71245 10:00 06.12
SUGAR (11)-MAR17 19.3350 10:00 06.12
EUR/AUD 1.44666 10:00 06.12
CAD/JPY 86.098 10:00 06.12
AUD/USD 0.74427 10:00 06.12
AUD/JPY 84.945 10:00 06.12
GBP/USD 1.27491 10:00 06.12
X
We apologize for the inconvenience, registration from your state is disallowed.
August 6th 2014 8:35am GMT, London UK
 

Today’s Binary Options Trading Strategy:

• Currency Pair: NZDJPY
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek call options on dips below 86.500
• Upside Potential: The upside potential for this call option is 200 pips to 88.500
• Downside Potential: The downside potential for this call option is 75 pips to 85.750

The NZDJPY has corrected over the past sixteen trading days which saw this currency pair move down from an intra-day high of 89.560 reached on July 15th 2014 down to an intra-day low of 86.419 reached on August 6th 2014. The final leg lower over the past sixteen trading hours was fueled by employment data released out of New Zealand covering the second-quarter of 2014 which came in mixed. Japanese data is not expected to be strong enough to warrant a continuation of a rally in the Japanese Yen which should further boost the NZDJPY.

NZDJPY

After reaching its intra-day low of 86.419 price action is trying to stabilize and pending a potential short-covering rally. The correction has resulted in the formation of a falling wedge formation which is a bullish chart pattern and indicative of a potential reversal in price action. Binary options traders can take advantage from the expected reversal with a call option. Today’s binary options trading strategy suggests call options to be placed below 86.500 for a risk/reward ratio of 1.0/2.67.

The following economic data out of New Zealand impacted the base currency, the New Zealand Dollar, of the NZDJPY currency pair:

• Employment Data – The employment picture for the second-quarter in New Zealand came in mixed and disappointed most traders. The second-quarter employment change was reported at an increase of 0.4% quarter-over-quarter for an annualized increase of 3.7%. Economists expected an increase of 0.7% and 4.0%. First-quarter data remained unrevised at an increase of 0.9% and 3.7% respectively. One bright spot in today’s report was the decrease of the unemployment rate to 5.6% in the second-quarter which beat expectations for an unemployment rate of 5.8%. The first-quarter’s unemployment rate was revised higher to 5.9%. The labor force participation rate decreased to 68.9%, missing estimates for an increase to 69.3% while the first-quarter was revised down to 69.2%. Average hourly earnings rose 0.5%, missing estimates for a decrease to 0.6% from the first-quarter’s 0.7%. Private wages excluding overtime rose 0.6%, beating expectations for an increase of 0.5% as compared to the first-quarter’s increase of 0.3%. Private sector labor costs increased by 0.6% which beat estimates for an increase of 0.5% and compares to the first-quarter’s increase of 0.3%.
In addition the following economic report out of Japan impacted the quote currency, the Japanese Yen, of the NZDJPY currency pair:

• Coincident Index/Leading Index – The preliminary reading for Japan’s Coincident Index for June showed a bigger contraction than the 109.6 reading expected. The Coincident Index came in at 109.4 which compares to May’s 111.3. The preliminary reading for the Leading Index came in at 105.5 which matched expectations and compares to May’s 104.8. The Japanese Yen remained stable after the release.

Share Button
Daniel Gant
Follow Me

Daniel Gant

Broker at GOptions
My strategies have been maintained and reworked for the last four years. Win loss accuracy and a stable method of volume production has insured my clients inside my personal portfolio success, not to mention the education, guides and management sessions that I teach daily.

I am not guaranteeing you success, but i am guaranteeing you that i will be providing you with my knowledge, training, time, strategies, technical analysis, fundamental analysis and all the tools that you will need to have a successful trading account.
Daniel Gant
Follow Me

Latest posts by Daniel Gant (see all)

Start Trading with the most professional mobile platform, always on the GO
Play StoreApp Store