+1 (866)-882-6854
+ 44 203-807-1675
Chat
09:02:07 GMT
Black & White

REBOUND?

BitCoin/CNY 6349.755 09:00 24.01
FTSE F-MAR17 7091.500 09:00 24.01
USD/RUB 59.148 09:00 24.01
USD/NOK 8.35090 09:00 24.01
USD/CHF 0.99882 09:00 24.01
OIL-MAR17 (BRENT) 55.585 09:00 24.01
SBERBANK 168.830 09:00 24.01
GAZPROM 149.230 09:00 24.01
NZD/CHF 0.72218 09:00 24.01
CAD/CHF 0.75336 09:00 24.01
NZD/USD 0.72303 09:00 24.01
CAD/JPY 85.407 09:00 24.01
AUD/USD 0.75683 09:00 24.01
AUD/JPY 85.697 09:00 24.01
GBP/USD 1.24934 09:00 24.01
EUR/USD 1.07478 09:00 24.01
TADAWUL 7081.200 09:00 24.01
VTB BANK 0.068665 09:00 24.01
ROSNEFT' 388.950 09:00 24.01
OIL-FEB17(WTI CRUDE) 52.550 09:00 24.01
SILVER 17.145 09:00 24.01
GOLD/EUR 1129.375 09:00 24.01
USD/JPY 113.236 09:00 24.01
EUR/JPY 121.703 09:00 24.01
GOLD VS OIL 21.8394 09:00 24.01
USD/CAD 1.32582 09:00 24.01
S.BANK INDIA 255.775 09:00 24.01
AXIS BANK 448.900 09:00 24.01
TATA STEEL 464.325 09:00 24.01
TATA MOTORS 541.725 09:00 24.01
X
We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
April 16th 2014 7:45am GMT, London UK
 

Markets on Tuesday looked to rebound after a dismal showing over the course of the last 7 trading sessions. Equity markets were slammed again and again over the course of the last week but Tuesday found some reprieve. Unfortunately, it looks to be a very short stint above the break even line. China has just reported its worst economic growth figures in over 18 months. This should spell trouble for all the other Asian markets over the coming days. However, the outlook on the Chinese economy seems to be rather split with many actually believing that he Chinese economy will only head higher from here as this current state is a form of stabilization. While seemingly a very convoluted economic logic, there is some validity to it based on precedent.

It seems that through the din of negativity, Asian markets are actually looking to bust loose. It never ceases to amaze us how a negative figure can help push markets higher by virtue of interpretation and here the general thinking is at least somewhat positive on prospects for growth.

As a result, the Japanese NIKKEI index jumped higher by 2.65% to 14367. Despite the move, the NIKKEI is still well under the resistance levels and binary options traders are likely going to avoid the NIKKEI for the time being.

As such, binary options traders will likely try to come to grips with the international equity markets while actually focusing trades on the forex market. 1.3818 is the current support level and binary options traders will likely keep close tabs on this for the coming day. The top side pressure seems to have abated so we are more inclined to seek down options on any breaks today and they look to be low risk trades. We are opting not to trade reversal based strategies for the time being as they could turn rather nasty assuming momentum builds up. Trading is very quiet and with this, low liquidity may ensue as we near the Easter holidays. Liquidity is already rather subdued with many bankers already on holiday.

Share Button
Adam Stone
Follow me

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
Follow me

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