Daily Binary Option Trading Tips & Analysis - January 28, 2015

Video Length: 00:02:58

Below Are Today's Trading Opportunities – Watch the Market Analysis Video for full analysis

1 – Gold markets got a little bit of a boost during the session on Tuesday, as the Core Durable Goods Orders number came out later than anticipated in the United States. This of course brought down the value the US dollar in general, and as a bit of a “knock on effect”, gold got a bit of a rise. However, we still see the $1300 level as a bit of resistance that need to be overcome in order to buy calls, or better yet we would like to see some type of pullback towards the $1250 level that show signs of support in order to buy calls as well. At this point in time, we have no interest in buying puts.

2 – The S&P 500 fell rather hard during the course of the session on Tuesday, but with the FOMC announcement coming out today it’s more than likely a bit of profit taking and nervousness entering the market before that vital announcement. With that being the case, we feel that the stock markets in the United States are probably best left alone until after that announcement comes out, and perhaps even tomorrow as the announcement comes out fairly late in the day.

3 – The EUR/USD pair has risen during the session but we feel that the 1.15 level above will be massively resistive, and should bring in a bit of selling pressure. We are looking for resistive candles above in order to start buying puts again, as we think that the EUR/USD pair is a completely out of the woods until we get above the 1.20 handle, something that certainly isn’t going to happen right away. If we can get above there, then we feel that the EUR/USD has broken the downtrend but we do not anticipate seeing that. We will not hesitate to buy puts on resistive candles though, especially near the large 1.15 area.