Free Binary Options Signals: Eurozone fears dominate forex trading!
Call
The fears over the Eurozone versus Fed stimulus measures are driving the EUR/USD forex binary option today. The euro was slightly weaker versus the U.S. dollar several hours ago. However, the dollar has started to gain ground in recent hours. The EUR/USD currency pair is higher at the moment by 0.07% at $1.2521.
There is still an unclear direction for the EUR/USD pair as of now. It is likely that the EUR/USD forex binary option will surge today, making the case for opening Call options very convincing.
Put
The British currency is trading lower today versus its U.S. currency counterpart, as there are a lack of factors supporting the British pound. There is an argument that the pound may be a touch overvalued at the moment, very much explaining why it has failed to gain against the dollar this Monday.
The pair is trading lower today by 0.04% at $1.5805. Traders have opted to open Put options, as it is expected that further losses may be on the cards for the GBP/USD pair today.
Call
The U.S. dollar is currently upholding its strength versus the Japanese yen. This comes as there is talk of more leading measures for the U.S. economy. Japan’s economy has been direly affected by the slowing economies such as China. Japan’s economy is highly dependent on exports, which makes it vulnerable to regional and global developments.
The JPY will still continue to be one of the strongest currencies. This is as there are set to be continued problems in the global economy. Traders are advised to follow the latest events from Japan and the U.S. if they are interested in making profitable trades today. The USD/JPY is higher by 0.05% at 78.70 yen. Opening Call options in the pair today is the popular choice among traders.
Call
Crude oil is higher this Monday afternoon by $1.04 at $97.19. Tropical Storm Isaac is helping drive oil prices higher, as well as the ongoing talk of more stimulus for the U.S. economy. The dollar has weakened slightly in the past hour, helping crude make some important gains.
It seems that the Isaac factor is more important than the woes facing the Eurozone when talking about the current price movement of crude oil. Call options are very much desirable today for traders of the crude oil binary option.
Put
Gold is trading slightly higher today at the $1,671.25 price level. The precious metal gained as much as $5 a few hours ago on the ongoing talk of new stimulus measures which are expected to be adopted by the Federal Reserve. The hype has died down somewhat recently due to the bad news from the Eurozone dominating the markets.
This has led the bears to start creeping in. This is quite natural, and will not necessarily push gold lower for the whole trading week. However, a downward turn is forecast for gold today, so get ready to open your Put options now.
Call
The Dow Jones is one of the most popular U.S. indices to trade. It rose a lot on Friday, but declined last week. U.S. futures are currently higher, signaling that the index could make an upward turn later. The Fed stimulus prediction is one of the factors which could push the Dow higher later on.
In addition, the reality of the U.S. economy being much healthier than other economies is a positive factor to some extent. Get ready to open your Call options in the Dow Jones binary option in the hours ahead.
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Free Binary Options Signals: Eurozone fears dominate forex trading!
