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S&P NEW RECORD

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
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FTSE 100 6742.800 10:00 06.12
British American T 4346.500 10:00 06.12
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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
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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
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By: Adam Stone
May 30th 2014 5:34am GMT, London UK
 

Another record breaking day for US equities and the world’s financial markets seem to be riding high. Binary options traders seem to be making off like bandits on days like this and everyone is loving it. The move yesterday by the S&P was quite transparent and telegraphed; just the way we like it. We’ve been saying for days that the S&P will head upwards and it’s up to you as a trader to take full advantage of such moves in order to conclude positive trades. These breaks we’ve found and explained in full in this analysis should create the needed momentum for any binary trader’s account to push things over the edge.

The move yesterday was a big one and binary options traders who heeded the call, literally took up options (call options) on the move higher and probably did so very early in the trading day. The spike in volume we saw on the S&P was simply amazing to witness. It’s only during such breaks and momentous follow through that we see such spikes on indices, and equities for that matter. The general volume on US equities jumped 24% over its 3 month average and that is precisely the indication binary options traders need in order to securely enter trades on the index.

For the day ahead, despite Friday typically being a day to wind down risky positions and thus lead to lower finishes on the indices, we expect some further follow-through for the US based indices. The strengthening dollar over the last 4-5 trading sessions is the only possible concern for binary options traders looking for further moves upwards on the indices. The EUR/USD is currently trading near 1.3605 after breaking below the support at 1.3615 from yesterday. The level was properly trounced in a quick order yesterday and headed down all the way to 1.3585. We explained yesterday that the 1.3615 was ready to break and of the three possible scenarios we analyzed, the break was the best of all possible situations for binary options traders.

EURUSD with binary options 30-5-2014

For the day ahead, forex and binary options traders will do well to keep focused on the EUR/USD as it creeps back up towards 1.3615. Question is, what will actually occur if an when the level is reached? It’s rather likely that we will discussed yesterday but in reverse. The level, as it’s approached from below, could likely break back higher. The likelihood of this stands at a 42% according to our risk indicators. Once that break occurs, binary options traders can take up options with what looks to be the lowest risk trade available at the moment. For those who prefer taking reversal strategies, it might be a but tight but possible to take on today. Just be sure to take them with the shortest possible trades, between 5-15 minutes, and with smaller trade sizes.

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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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