Binary options traders know how to make the best of any situation
U.S. shares continued to decline on Tuesday as losses plagued the banking sector, worsening the second-largest start to a year in history. Some of the biggest investment banks, such as Goldman Sachs, Bank of America, Citygroup and Morgan Stanley, fell around 5%, bringing the Dow Jones Industrial Average nearly 300 points lower.
Declines were also seen in the commodities sector, with energy prices suffering their worst decline since 2009. Over the last two days, crude oil posted its sharpest fall in nearly 7 years, fueled by the ongoing global supply glut. Crude fell below $30 a barrel after sliding 5.5%. This is lower than the amount when the January 2016 Crude Oil Inventories numbers were released. While analysts are scrambling to update their forecasts as prices mover lower and lower, others are confident that prices will be recover within a year.
Traders are preparing for Friday’s U.S. nonfarm payrolls report. Despite showing large increases in U.S. jobs over recent reports, investors have taken note of the Federal Reserve’s cautious approach to raising interest rates, putting the upcoming report in focus.
Some parts of the market are in high spirits. Unlike regular traders, binary options traders are less concerned with the direction the market is moving and more with their ability to predict upcoming movements. Where do you think the market is heading? Get you start in the binary options trading world with one of the best binary options trading platforms – OptionsClick.