March 9th – Today's Trading Tips & Market Analysis

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

1 – Gold markets took an absolute beating during the session on Friday, as the US dollar continues to strengthen. This would’ve been based upon stronger than anticipated employment numbers out of the United States, so at this point in time it’s difficult to be involved in the gold markets, but we recognize that certainly it’s easier to have a put position than a call position. There are several support various below though, so do not expect gold to drop like a stone.

2 – In the EUR/USD pair fell apart during the session, as we are now well below the 1.10 level which we believe was the beginning of the next leg lower. With this, this pair could go as low as parity given enough time, but right now. That has to be thought of as a longer-term position. Any rally at this point time should be a nice selling opportunity, quite frankly we don’t see any reason why this pair would balance with any significance, as the US dollars without a doubt still the strongest currency out there.

3 – The S&P 500 fell initially during the session on Friday, but found enough support below to somewhat mute the fall. With that being the case, we are looking for supportive candles on short-term charts in order to serve buying calls again as the longer-term uptrend is most certainly still in effect. We believe that the S&P 500 will break above the 2200 level, and eventually tracked the 2500 given enough time. We have no interest whatsoever in buying puts.