FTSE Tops 6000 to End 2010 – Hot Picks Dec 29
 Market Update: European stock markets closed mixed in thin pre-holiday trading on Friday, though the FTSE 100 managed to mark a new closing high for 2010. The FTSE 100 index closed up 0.2% to 6,008.92, taking out the closing high reached in the prior session of 5,989.99. |
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Index Hot Pick of the Day |
 The London FTSE 100 index closed at new highs for 2010 above he 6000 level. Last week we anticipated that after breaking through the 5900 level, the FTSE would make a dash up to 6000. We can expect a rest at this level and much anticipation of higher highs into 2011. |
U.S. Dollar Gains as Bond Yields Rise – Hot Picks Dec 20
 Market Update: The dollar strengthened against the euro, Japanese yen and British pound on Wednesday, as U.S. Treasury yields turned higher, making the asset class more attractive to overseas investors.The dollar was on solid ground earlier following a handful of U.S. economic reports and after Moody’s Investors Service put Spain’s Aa1 rating under review for a possible downgrade, just ahead of a major meeting or European officials. |
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Index Hot Pick of the Day |
 The Australian S&P ASX index finally took a rest from a very nice and long run up. The pullback now could be as low as the 4775 level which is the 100-day-SMA. |
Binary Options Gameplan – 12-8-10: USD/JPY at 15 year low…
The USD/JPY currency pair is at a 15 year low, despite the dollar making strong gains against the majors yesterday. As you can see in the chart below, a break of the resistance should kick off this consolidation.
Binary Options Gameplan – 11-8-10: EUR/USD Bearish…
As we noted on this blog just days ago, the EUR/USD finally broke through the ascending channel. This break downwards is significant and could lead to lower prices.
Binary Options Gameplan – 8-8-10: AUD/USD Channel…
The AUD/USD is creating a tight rising channel chart pattern. Most often, this pattern is broken to the downside. When this pattern is broken, expect prices to head lower.
Binary Options Gameplan – 3-8-10: Euro Bullish (continued)…
As we forecast here all of last week, the Euro continued its climb past $1.30. This trend should continue as investors seek strength in the stock markets and divest from the dollar.
Binary Options Gameplan – 29-07-10: Euro Bullish (continued)…
The EUR/USD currency pair finally broke the $1.30 resistance line that we posted here just days ago. This break seems to have high volume and may be the real thing, leading to higher prices and Binary Option Call opportunities.
Binary Options Gameplan – 28-07-10: Gold Bearish (continued)…
Gold continues its plunge since we highlighted the very bearish Pivot chart pattern last week. We now expect Gold to consolidate at these levels, and then start moving again as the Euro gathers momentum.
Binary Options Gameplan – 27-07-10: Euro Bullish
As we forecasted in our previous post, the Euro just passed through the $1.30 level. This is traditionally a significant resistance level, through which major moves have begun, such as the major move to $1.52 throughout the second half of 2009. Now the EUR/USD pair is looking very Bullish again with great setups now possible for Binary Option Calls.
Binary Options Gameplan – 23-07-10: Gold Bearish…
The daily chart of Gold, below, shows that Gold is forming a rising pivot chart pattern. This pivot, when taken in the context of the descending trend, is bearish. When Gold breaks the resistance line below, this would lead to lower prices and great Binary Option Put trading opportunities.
