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PINPOINT PRECISION

EUR/USD 1.07698 08:10 06.12
FTSE F-DEC16 6745.750 08:00 06.12
USD/RUB 63.806 08:00 06.12
USD/CHF 1.00590 08:00 06.12
OIL-FEB17 (BRENT) 54.685 08:00 06.12
COPPER-NOV16 2.6553 08:00 06.12
NZD/CHF 0.71775 08:00 06.12
CAD/CHF 0.75864 08:00 06.12
NZD/USD 0.71357 08:00 06.12
EUR/AUD 1.44544 08:00 06.12
CAD/JPY 85.854 08:00 06.12
AUD/USD 0.74454 08:00 06.12
AUD/JPY 84.756 08:00 06.12
GBP/USD 1.27552 08:00 06.12
VTB BANK 0.068930 08:00 06.12
TENCENT HOLDINGS 190.150 08:00 06.12
ROSNEFT' 350.875 08:00 06.12
GOLD VS SILVER 69.8109 08:00 06.12
EUR/GBP 0.84379 08:00 06.12
OIL-JAN17(WTI CRUDE) 51.435 08:00 06.12
SILVER 16.805 08:00 06.12
GOLD/EUR 1090.185 08:00 06.12
GOLD 1173.311 08:00 06.12
NASDAQ F-DEC16 4779.125 08:00 06.12
GOLD VS OIL 21.4558 08:00 06.12
USD/CAD 1.32590 08:00 06.12
S.BANK INDIA 259.675 08:00 06.12
AXIS BANK 460.725 08:00 06.12
TATA STEEL 414.100 08:00 06.12
TATA MOTORS 443.150 08:00 06.12
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By: Adam Stone
January 14th 2014 7:00pm GMT, London UK
 

Binary options traders awake today to some interesting news and possibilities. Sure, it’s coming on the heels of a miserable day for stock traders in the US. The S&P fell hard yesterday probably mostly due to the terrible jobs data that hit the news wires on Friday. Why didn’t the markets drop this hard on Friday then? you may ask. Great question. The fact is, there’s no real way to know but what is abundantly clear is that the drop is somehow related to the bad news. In fact, despite a decent enough trading day yesterday in Asia, the reaction to the drop in the US, Asian shares dropped hard as well. The NIKKEI lost 2.3% this morning.

The S&P lost 1.26% for the day as the Dow dropped 1.09% and the Nasdaq fell 1.47%. The drop was sudden and dramatic with elevated levels of volatility felt across all markets, not just equities. The forex markets are just as jittery but rather stable in comparison. The EUR/USD remained entrenched in the range created over the last few sessions and is currently trading near 1.3668 with resistance just north of here at 1.3705. The markets are shifting focus back to the upside after some minor corrections.

Binary options traders would do well to keep focused on this upside potential as another test to the lower boundary looks very unlikely. With the downward pressure on the equity markets, the USD simply looks more vulnerable at the moment so look for the resistance to be tested sometime later today. With tests come the ability to utilize reversal strategies and take down options on each test of the upper boundary. If the level breaks, taking a large and longer term up option would be a great move. The momentum leading to such a break would be critical to keep focused on. If the RSI suddenly spikes, you are more likely to see a higher probability break and as such a higher probability to see a win on the trade.

It may seem odd to some traders to focus so much effort on just one trade. Our focus here in this daily analysis is to point traders to those opportunities that look most suitable to traders of all types. Learning to take advantage with pinpoint precision is what separates the best and most profitable traders from the rest. Don’t spread yourself thin over many less worthy trades.

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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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