August 4th Binary Options Trading Opportunities

Australians driving the market

It isn’t very often that we can see the Australians may be front and center, but quite frankly with the RBA announcing an interest rate statement, it’s more than likely going to be looked at with great interest as they have a keen insight as the things going on in Asia. Right now, demand in Asia seems to be softening, and as a result people will be very interested to see what the Australians out to say.

S&P 500 looks ready to continue

While the S&P 500 did drop a bit at the open on Monday, the 2100 level seems to be attracting buyers. With this, we believe that short-term pullbacks are short-term call buying opportunities and that the market should eventually head towards the 2130 handle. With this, we are call buyers in general, and look at this is a market that should continue to consolidate overall, meaning that it needs to reach towards the top of that range.

French markets rally

The French markets broke above the €5100 level during the session on Monday, and as a result it looks like the CAC is going to continue to go higher. With this, we look at short-term charts as potential call buying opportunities, as the market should grind its way towards the €5200 level given enough time. We believe that the €5000 level below is supportive as well, so we are bullish.

AUD/USD looking to sell off

While the AUD/USD pair has been consolidating for the last several sessions, quite frankly it is a downtrend that we think will continue. With this, we are looking to buy puts on short-term rallies, and have no interest whatsoever in buying calls. We believe that the market should eventually drop down to the 0.70 level given enough time. With the interest-rate announcement and accompanying statement coming out during the session today, we expect quite a bit of volatility.