Binary Options Analysis: Could 2016’s Losses Get Any Worse?

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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.

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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.

Sources:

Yahoo Finance, Bloomberg

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Financial Market Spotlight: Canadian Interest Rate Announcement

Canadian interest-rate announcement

During the day on Wednesday, we had several announcements from around the world, including Crude Oil Inventories, CPI out of the United States, and PPI out of Germany. However, we get the interest-rate announcement coming out of Canada, and that could give us an idea as to how the Canadian see the world’s economy. That could be useful to determine whether or not risk appetite will return.

NASDAQ 100 rallies on Tuesday

The NASDAQ 100 rallied during the session on Tuesday, but we still have a long way to go before breaking out of the consolidation. At this point in time, we believe that any rally in this market will more than likely attract buyers. A resistive candle would signify that the put buyers are returning, and thereby more than likely send this market back towards the bottom of the range that we have been trading in which is roughly 4100.

NASDAQ 100 rallies on Tuesday

USD/JPY rallies

The USD/JPY pair rallied during the session on Tuesday, as the bounce continued. However, we think that the 118.50 level above is resistive, and as a result you would have to think that the buyers are waiting. However, if the market gets above there, it’s likely that call buyers will become involved. Until then, it looks as if we are consolidating. Be sure to keep this in mind on when you trade this currency pair on binary options.

USD/JPY rallies

Apple building a base

The $95 level continues to offer support for Apple, as the market cannot break below there quite yet. However, we do not have the right impulsive or supportive candle yet to believe that the call buyers are being overly aggressive. Having said that though, if we get an impulsive candle in this area would make sense to see the call buyers push the market back to the $100 level. A break down below $95 should have the market looking for $92.50 or so below, as it previously was support.

Apple building a base

 

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Disclaimer

The material provided in this market review and the linked websites is for general informational purposes only and is not intended to be your only source of information when you are making financial decisions. This information is not investment advice nor a solicitation to buy, sell or make any type of investment decision in securities or any financial instruments offered by Optionsclick®. Optionsclick® is not a financial advisor. Opinions are the authors and information provided should be treated as a guide only and it is not a substitute for independent professional advice. You should seek independent professional advice relevant to your particular circumstances. OptionsClick® have made every effort to ensure that the material published here is accurate. OptionsClick® takes no responsibility nor does it accept no liability arising from:

  • Errors or omissions.
  • The way in which any material is interpreted.
  • Reliance upon any material.
  • The contents or reliability of any linked websites.
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Binary Options and Forex Numbers: British Economic Announcements

British economic announcements

During the course of the session on Tuesday, we will get several announcements out of the United Kingdom that could move the markets. This comes just days after several British financial announcements were released. We get PPI and CPI, and then after that we get several announcements out of the European Union, as well as New Zealand and Australia. Previous to this, we get quite a bit of significant information in the form of Chinese GDP numbers as well.

CAC rallies and then fails

The Parisian index rally during the course of the day on Monday, but turned back around and form a shooting star. By doing so, we believe that the buyers are entering the market every time it rallies. With that, there has to be believe that the downtrend should continue.

CAC rallies and then fails

GBP/USD fails

The GBP/USD pair initially tried to rally during the course of the day on Monday, but gave back most of the gains. In fact, once we get above the 1.43 level, the buyers got very aggressive and send this market lower. With that being the case, the market looks as if it is going to continue to drift lower, as it appears the put buyers are in control completely.

GBP/USD fails

WTI Crude Oil falls

The WTI Crude Oil market fell again during the day on Monday, but did bounce slightly off of the $28 region to reach for the $29 level. However, it looks as if it is very negative at this point again, and that the put buyers should continue to get involved in this market.

WTI Crude Oil falls

 

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Disclaimer

The material provided in this market review and the linked websites is for general informational purposes only and is not intended to be your only source of information when you are making financial decisions. This information is not investment advice nor a solicitation to buy, sell or make any type of investment decision in securities or any financial instruments offered by Optionsclick®. Optionsclick® is not a financial advisor. Opinions are the authors and information provided should be treated as a guide only and it is not a substitute for independent professional advice. You should seek independent professional advice relevant to your particular circumstances. OptionsClick® have made every effort to ensure that the material published here is accurate. OptionsClick® takes no responsibility nor does it accept no liability arising from:

  • Errors or omissions.
  • The way in which any material is interpreted.
  • Reliance upon any material.
  • The contents or reliability of any linked websites.
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