Binary Options Market Outlook – July 26 – 30

SPOTLIGHT: Gold broke our pivot

Metals: As we identified in our last post, Gold broke through our pivotline and headed lower

In our last post, we highlighted the bearish pivot on the Gold daily chart.

If you were paying attention, you could have made some great trades as Gold headed lower as expected past the trendline.

Now Gold can be expected to head to new lows and establish a new price range.

Stocks: U.S. stocks to react this week to earnings; European stocks to bank stress tests

This week will be filled with earnings and economic reports include gauges of U.S. consumer sentiment and weekly jobless-claims numbers.

For European stocks, the start of the week brings the first chance to react to the results of bank stress tests, released Friday after markets there closed.

Currencies: The British Pound/U.S. dollar currency pair is creating a very Bullish setup to continue its upward trend

With many investors believing that the worst is over for the British economy, we have seen the GBPUSD gather strength over the last few weeks to $1.54+ from its low at $1.423, just 2 months ago.

Now the British Pound/U.S. dollar currency pair looks ready to pounce to new highs, which should happen soon whenever the 1.54500 resistance is broken.

Commodities: Crude Oil looking ready to move past $80

With the Euro gathering strength versus the dollar, we are seeing crude oil prices getting ready to push past the all important $80 mark, which should lead to much higher prices.