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See Today's Binary Options Trading Opportunities Below – Watch The Video For Full Market Analysis

The Tuesday session should be fairly quite as far as economic announcements are concerned, with the one possible exception being the statements being made by Gov. Carney out of the Bank of England. Because of this, it’s very likely that it will be more or less a technical day, but we do recognize there could be a significant amount of volatility in both the FTSE and the GBP/USD currency pair if he says anything dovish.

1 – Going forward, we would anticipate seeing the GBP/USD run into resistance above, and we are waiting for resistive candles in order to start buying puts again. We think there is a significant floor at the 1.50 level, but the way this pair has been trading, it is probably only a matter of time before we actually break down. With this, we have no interest in buying calls whatsoever, as the British pound continues to suffer.

2 – We believe that the S&P 500 will continue to go higher, and therefore we are buyers of calls as we did get a glimpse of some rather significant support during the early Monday session. Ultimately, we feel that this market goes to the 2200 level, and therefore we are buying calls on short-term dips.

3 – The FTSE did almost nothing during the Monday session, although it did show 6850 to be somewhat supportive. If we can get above 6900, we believe that the market will then offer lots of call buying opportunities as we should then start to break towards the 7000 level yet again. Above 7000, then we have a longer-term buy-and-hold type of scenario. Until then, expect to play short-term charts.