Binary Options Gameplan – 07-07-10

The most interesting instrument in the spotlight is definitely the EUR/USD, which is dragging all other instruments with it, like Gold and U.S. stocks.

Looking at a technical analysis of the EUR/USD, a very impressive Inverse Head and Shoulders chart pattern followed by a Bull Flag consolidation is highlighted in the daily chart below. This will lead to higher prices in the short term. But before the prices move higher, the Slow Stochastic analysis (below the chart) which is currently OverBought (above 80) must move back below 80 out of Overbought territory.

Break out of the Head and Shoulders upwards can be a trigger for buying a Binary Call Options. Failure of this currency to rise with the Stochastic overbought level can be the trigger for a trend reversal downwards and buying Binary Put Options.

Click on the Chart to enlarge:

This material should not be construed in any circumstances as a recommendation or offer to sell or recommendation or solicitation of any offer to buy any security or other financial instrument by startoptions.com, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. startoptions.com does not warrant or represent (expressly or impliedly) that the material is accurate, complete, not misleading or as to its fitness for the purpose intended and it should not be relied upon as such.

Will the EUR/USD go up or down?-April 12-16 Weekly Review

The EUR/USD pair gapped enormously today on the news of the European Union bailout of Greece announced over the weekend. This powerful move broke through a very significant 4 month descending line of resistance and can only indicate further gains to the EUR/USD. Expect strong volume for this currency pair with important economic events from the U.S. throughout the week. Don’t miss out on this opportunity to make quick gains on the EUR/USD using Binary Options trading.

This market review was brought to your by our partner: ForexCrunch.com

1. American & Canadian Trade Balance: Published on Tuesday at 12:30 GMT. This double-feature event always shakes USD/CAD and the American figure, shakes all the majors. It’s expected to show a bigger deficit this time – over 38 billion dollars. USD/CAD parity continues to draw attention.

2. American CPI: Published on Wednesday at 12:30 GMT. Inflation is a key to raising interest rates and making the currency more attractive, but this probably won’t happen this time. CPI is expected to rise by 0.2% after remaining unchanged last time. Core CPI, which the Fed watches closely, is expected to rise by 0.1%, exactly like last month.

3. American Retail Sales: Published on Wednesday at 12:30 GMT, together with the CPI. Consumer behavior is felt strongly in retail sales. The hopes are high this time – Retail Sales are expected to rise by 1.1% after a small 0.3% rise last time, while Core Retail Sales are expected to be rise by 0.5% – more modest. Both releases mean very choppy trading.

4. Ben Bernanke talks: Begins testifying on Wednesday at 14:00 GMT. Bernanke arrives at the Joint Economic Committee and will lay out his economic outlook. Talking about the economy will definitely shake the dollar. Talks about interest rates will cause stronger moves and referring to the dollar will rock the markets, although this is highly unlikely.

5. American Unemployment Claims: Published on Thursday at 12:30 GMT. Last week saw a disappointment – a rise to 460K. This came after a steady improvement, week after week. This figure has proved to be the best indicator for the Non-Farm Payrolls. It’s expected to drop back to 439K this time.

6. American TIC Long-Term Purchases: Published on Thursday at 13:00 GMT. The flow of money into the US is a good gauge of confidence. After leaping above 120 billion three months ago, the figure rapidly squeezed afterwards, reaching 19.1 billion last time. The dollar needs another boost, over 20 billion, to rise.

7. American Philly Fed Manufacturing Index: Published on Thursday at 14:00 GMT. This important gauge of production has been on the rise in the past three months, ticking up to 18.9 points last time. It’s now predicted to take the next step and rise to 20.3 points.

8. European CPI: Published on Friday at 9:00 GMT. European prices are too stable for a rate hike in the foreseeable future. This is a burden on the Euro. CPI will probably be confirmed at an annual rise of 1.5% while Core CPI is expected to be revised from 0.8% to 0.9% – still quite low. The Euro still suffers from the Greek crisis.

9. American housing figures: Published on Friday at 12:30 GMT. Building Permits ticked up to 640K last month, slightly better than expected. So now, they’re predicted to slip back down to 630K. The complementary figure, Housing Starts, is expected to make a bigger move with a rise from 580K to 610K. If both figures surprise in the same direction, this will rock the markets.

10. American Consumer Sentiment: Published on Friday at 13:55 GMT. The University of Michigan publishes this important indicator close to the end of the day. After a few stable months, this figure is predicted to rise above 75 points, the highest since January 2008. Choppy trading is expected.

Disclaimer: Binary options trading might carry potential rewards, but also potential risks. You must be aware of the risks and willing to accept them in order to trade in the financial markets. Don’t trade with money you can’t afford to lose.

FX Binary Options Gameplan-EUR/USD-16/02/10

On Monday the Euro fell further against the US dollar which was much ahead of the summit that was to be held to decide futures of what steps were to be taken regarding the debt situation in Greece.
The EUR/USD crossed both its weekly and daily descending resistance trendlines, clearly indicating upward momentum. Any pullback followed by strength would be a great opportunity for a Binary Options Call trade.