Free Binary Options Signals: Traders Await Jackson Hole Symposium!
Call
The EUR/USD pair is edging higher this morning to the $1.2543 rate. This comes following the publication of positive U.S. data yesterday, which showed that gross domestic product rose by 1.7% in the second quarter of the year versus the 1.5% forecast. Also, positive housing data has also driven the pair higher.
It shows that the global economic situation may not be as bad as people think, and as the German DAX Index rallies this morning. Start opening Call options in the EUR/USD forex binary option now.
Call
The GBP/USD pair rose yesterday and is currently unchanged at $1.5833. The reality is that the British pound has been oversold in recent weeks, which makes it understandable why traders have gone bullish in the British currency. In addition, the positive data from the U.S. economy helped increase market optimism, thereby driving the GBP higher.
The pair may make further gains today if the U.S. consumer confidence figures turn out to be positive. So it looks like Call options are the way to go today.
Put
The USD/JPY currency pair did indeed make some important gains during Wednesday’s trading session. However, it seems that the pair has taken a dive following the optimistic news from the U.S. economy yesterday and ahead of the meeting in Wyoming where Fed Chairman Bernanke is expected to speak regarding the U.S. economy.
The USD/JPY forex binary option is trading lower this Thursday by several pips at 78.66 yen. The yen still remains to be one of the strongest currencies, as the Bank of Japan has not printed as much money as the Federal Reserve. In addition, the low interest rates make the JPY a popular currency for carry trades. Further declines are expected for the USD/JPY during Thursday’s session.
Put
Crude oil slipped notably on Wednesday as Hurricane Isaac did not have as harsh of an impact as was forecasted and after the release of data showing that crude oil inventories rose. Traders are wary of the commodity this morning, as it trades lower by 28 cents at $95.22.
It is forecast that there will be further losses for the commodity, as traders are still not 100% confident during this turbulent week of trading. This means you should get ready to open your Put options now.
Put
Gold is another commodity that is trading lower this morning, as the positive U.S. data yesterday led traders to sell the majority of commodities. They see it as pointless in buying gold, because the renewed optimism form the U.S. makes it less likely that Federal Reserve Chairman Ben Bernanke will discuss new stimulus measures for the U.S. economy at today’s Jackson Hole Symposium.
The gross domestic product came out at 1.7% in the second quarter rather than the expected 1.5%. In addition, consumer spending figures hit a 5-month high. This really does explain why traders have no reason to buy into the gold binary options today; meaning Put options are highly popular.
Call
The Dow jones binary option did rise yesterday following the release of positive economic figures from the U.S. economy. This was really needed, as U.S. indexes have been very weak in the past week. Traders have a feeling that more positive data is expected from the U.S. economy today.
There is still a lot of time before the start of the U.S. session. However, it is recommended that you follow the latest market events. Get ready to open Call options in the Dow Jones, as this could reward you with some attractive returns.
