Free Binary Options Signals: Gold Climbs this Tuesday on Stimulus Hopes!
Call
The EUR/USD forex binary option is continuing to trade bullishly this Tuesday. Traders have bought into the pair due to the expectations of stimulus measures from both the U.S. Federal Reserve and the European Central Bank. The EUR/USD forex binary option has advanced this morning by 0.18% to $1.2615.
Traders have been bullish in recent trading days due to the increasing speculation of further stimulus. More gains may be ahead today, which is why traders are opening Call options en masse.
Call
The GBP/USD pair is up today by 0.12% at $1.5905. The pound is higher, as data released yesterday showed that the current U.K. recession may not be as deep as was previously thought, which may lower the likelihood of any additional stimulus measures at least in the short term for the U.K. economy.
Meanwhile, the forecast of more stimulus for the U.S. economy has naturally weakened the greenback versus the British currency. The dollar is forecast to make further losses against the pound later today. Therefore, it may payoff to open Call options in the GBP/USD.
Call
The greenback is lower against the majority of its other peers today, but is making a bullish comeback versus the yen. This is after the USD/JPY made heavy losses during Monday’s session. The USD/JPY forex binary option is higher today by 0.21% at 78.42 yen. The yen has been very much overvalued recently, so the latest losses are not something to worry about.
There is still a lot of volatility in the pair, as the markets are moving in an unpredictable manner. The USD/JPY may make additional gains in the next few hours, which means you should get in the bandwagon and open Call options now.
Call
The price of crude oil is higher today by 52 cents at $96.99. It is important to take into account that crude was even higher just a few hours ago. The energy is higher today, as there is a lot of positive market sentiment. The weaker dollar and the forecast of more stimulus for the leading economies to boost growth have really helped oil make impressive gains.
Crude oil is expected to advance further over the coming hours. This means it may be very profitable to open daily Call options.
Call
Gold made some notable gains during Monday’s trading session. The precious metal is continuing to show that it has resilience by trading higher by $8.85 at $1,694.15 this morning. The bearish dollar is helping to push gold prices higher, as well as the likelihood that more stimulus will be on its way for the U.S. economy.
This is the case as the U.S. economy is growing at a very slow pace and there is a recession predicted for next year. As a result, there are a number of reasons to buy the gold binary option today. Traders are of the view that the current behavior will prolong, explaining why Call options are so popular.
Put
There are mixed signals at the moment, as European stocks are trading sideways. This is after there was a lot of bearishness during the Asian trading session. U.S. stocks rose on Friday, but failed to gain last week. The U.S. economy is not suffering as badly as the U.K. and Europe. However, there are still some fundamental problems.
This may go against the Dow later today. Going short on the Dow Jones binary option is the popular choice today. Put options are the way to go this Tuesday.
Free Binary Options Signals: Gold Climbs this Tuesday on Stimulus H...
