Free Binary Options Signals: Markets React Negatively to Weak U.S. Data!
Put
The markets have declined ever since the U.S. published figures yesterday which showed manufacturing unexpectedly fell. The EUR/USD forex binary option slipped 0.44% to $1.2512. The pair has gone weaker and weaker as each hour goes by.
This is ahead of a meeting tomorrow of the European Central Bank where policy makers are set to meet to discuss the measures to boost economic growth. The EUR/USD pair is set to continue falling today, so get ready to open your Put options during Wednesday’s session.
Put
The pound is trading lower today versus the dollar, but higher against the European single currency. The GBP/USD pair is lower by 0.2% at $1.5838. The EUR/GBP forex binary option has slipped 0.23% to the ?0.7900 level.
Traders have lost confidence in riskier currencies, as the world’s leading economies continue to publish data showing we are experiencing an economic slowdown. This behavior is likely to continue into the hours ahead. This is especially so, as here are a lack of factors driving the leading assets. Get ready to open your Put options in the GBP/USD, as the trading days gets underway.
Put
The USD/JPY currency pair has been trading in a very volatile way recently. This is as much of the news published from the leading economies has far exceeded traders’ expectations. The USD/JPY forex binary option is lower today by 0.06% at 78.39 yen. The U.S. economy is predicted to go into a recession next year, which may be pushing the greenback down versus the Japanese yen.
The Japanese economy is also being affected, but the U.S. economy seems to be in worse condition. Do not be surprised if the USD/JPY falls further later today. Therefore, opening Put options in the pair seems only reasonable.
Put
Crude oil plummeted yesterday by 1.2% following the negative data from the U.S. economy. Oil prices fell further this morning as production resumes in the Gulf of Mexico and due to the U.S. dollar making a bullish resurgence. The price of crude oil is lower today by 0.48% at $94.84.
Crude is one of the most volatile commodities, and when the global economy is weak, then oil prices seem to fall. Traders are already opening Put options en masse, so take advantage of the latest market behavior to make high returns today.
Put
The price of gold is lower this morning by $5.05 at $1,688.55. The precious metal did make gains yesterday. However, it started to lose ground late on Tuesday on a resurgence of the greenback and in response to weak economic data from the top economies. Traders have continued to sell gold as the hours have gone by.
They are of the view that gold is somewhat overvalued, which has played into weaker prices. Traders are currently reluctant to buy into precious metals today. Therefore, it may be the case that gold continues to decline, as the trading day drags on. Taking this into account, make sure you open your Put options as the trading days gets underway.
Put
The Dow Jones index binary options tumbled yesterday by 0.4%, along with other U.S. indexes. Wall Street reacted negatively to the weak manufacturing data from the U.S. economy on Tuesday. As a result, traders have become even wearier of putting their money into stocks and indexes.
The behavior on Wall Street on Tuesday is likely to have a negative impact on European stocks in the next few hours of trading. Put option are popular today, as additional declines for the Dow Jones are expected.
Free Binary Options Signals: Markets React Negatively to Weak U.S. ...
