Free Binary Options Signals: Commodities Lower as Investors Await Comments by the Fed!
Put
The EUR is down against the USD as traders prefer the greenback due to its haven status. The losses for the European single currency come prior to the Federal Reserve meeting in Jackson Hole on Friday. In addition, the European Central Bank is also expected to discuss the current debt crisis engulfing the Eurozone.
It is expected that the EUR/USD pair will make further losses today. Opening Put options in the pair is the popular choice this Wednesday.
Call
The British currency made some important gains versus the dollar yesterday, as British stocks did not suffer as much as U.S. and European stocks. Despite the U.K. being in a double-dip recession, the GBP has upheld its strength. This is a sign of how resilient the pound is in spite of the recent negative housing figures.
Both the bulls and the bears are in play while trading this pair. Look for a possible bullish advance from the current level of $1.5814.
Put
The USD/JPY pair is higher by 1 pip at 78.52 yen. However, there is a lot of downward pressure on the pair at the moment. The yen is one of the strongest currencies amid the woes gripping the global economy. China and Japan are the latest countries to reveal that growth will be lower than originally expected for the rest of the year.
The demand for exports is lower, especially as the European debt crisis continues to drag on. Both the USD and JPY are known to be haven currencies. However, one factor which favors the yen is the carry trade and the reluctance of the Bank of Japan to introduce new stimulus measures. Expect the USD/JPY pair to retreat in the coming hours of trading.
Put
The price of crude oil is trading lower this Wednesday by 0.74% at $95.61. The losses come ahead of the Fed meeting in Jackson Hole on Friday where a decision is expected to be taken on whether or not to push for new stimulus measures for the U.S. economy. The stronger dollar is pushing crude prices lower.
There is a lack of bullish sentiment in the markets today. Therefore, oil prices may dip further later on, which means Call options are the way to go.
Put
Percentage wise the price of gold has not been badly hit. It is lower by 0.05% at the $1,666.85 level. Gold remains to be a popular commodity, despite the weakness it is experiencing at the current time. Traders are reluctant to buy into commodities due to the lack of a clear picture on whether the Fed will push for additional stimulus.
This means that the latest losses for gold are very much understandable. The bearish gold prices are set to continue into the hours ahead. Taking this into account, start opening Put options in gold. Such a decision will give you at least a decent chance of making high reruns.
Put
The Dow Jones experienced heavy losses on Tuesday, as investors have not had the confidence to invest their money into commodities and shares. The weakness of the index was largely due to U.S. consumer confidence sliding to a 10-month low in August. This was not the news traders wanted to hear.
Positive GDP figures are required today in order to help the Dow make a recovery. Most forecasts point to the Dow Jones binary option making further declines in the U.S. session. As a result, Put options are already popular amongst binary options traders.
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