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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.

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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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