Initial Jobless Claims and Core Retail Sales numbers will be reported tonight. That should impact the US stock markets as well as the US dollar. As a result we are paying attention to the Dollar and the US stock markets.analysts believe that pullbacks in the S&P 500 are call options buying opportunities. That being the case, the market should then head to the 2150 level, and possibly higher than that.
Gold options failed to impress during the session as well, as the 1240 level offered resistance and formed a shooting star pattern. The market looks as if it is ready to pull back and the US dollar should strengthen in general. That will drive down the price of gold, and should send the gold price to 11420 level. Hence we recommend on Binary put options on Gold, in the mid term.
Binary options trading opportunities
analysts believe that the EUR/USD will continue to fall. The 1.25 level above should be massively resistive. We also believe that this market continues to offer put buying opportunities as the US dollar is by far the strongest currency out there. The Euro continues to show weakness in general, so therefore this is a one-way trade in our opinion.
We strongly believe that the USD is where your money should be. We believe that any pullback in value should continue to be opportunities to pick up quality options cheaply. With that being the case, we are positive the US indices, as well as the US currency. Always remember: in options trading – the trend is your friend.