Free Binary Options Signals: Dow Jones Goes Higher on Bernanke Comments!
EUR/USD
The EUR/USD forex binary option reacted positively to comments made by Federal Reserve Chairman Ben Bernanke at Jackson Hole, Wyoming that more stimulus may be necessary to boost the jobs market. The EUR/USD pair rose dramatically by 0.57% to $1.2577.
This was the news which traders have been waiting for, as the markets as a whole went higher. The dollar fell a lot versus the euro last week. Further gains are expected for the EUR/USD today, so look to open your EUR/USD forex binary option now.
GBP/USD
The pound made important gains versus the dollar on Friday. This is as the cable has been under a lot of downward pressure recently. Therefore, Yesterday’s gains were very much needed. They came on an increase in market optimism, and despite the U.K.’s FTSE 100 index binary option declining slightly at the end of last week.
The U.K. economy will need to publish positive economic data this Monday in order to push the GBP/USD even higher. Opening Call options now for the GBP/USD looks to be the popular choice during Monday’s trading session.
USD/JPY
The dollar fell across the board on Friday, especially versus the Japanese yen. The USD/JPY currency pair made losses of 0.31% to 78.39 yen. The yen has been somewhat weaker amid Friday’s market optimism. However, the gains against the dollar are notable. The fact is that the Bank of Japan is reluctant to bring out now stimulus measures to boost the Japanese economy.
Their view is that the nation is growing at a decent rate, despite a slowing economy. However, the U.S. unemployment is very high and needs a good boost. The USD/JPY forex binary option may fall again today, so Put options are the popular choice.
CRUDE OIL
Crude oil futures gained last week as a whole and on Friday by $1.82 to $96.44. There were times last week which showed that crude was going sideways. However, Friday’s bullishness has given traders much more confidence, and could lend the energy a helping hand as today’s trading gets underway.
The reality is that 95% of production in the Gulf of Mexico has been suspended due to Hurricane Isaac. Crude oil is likely to make additional gains in the hours ahead. Call options are set to payoff this Monday.
GOLD
Gold made impressive gains on Friday, as the commodity advanced 2.23% to $1,691.65. This was after the dollar plummeted versus its main currency counterparts. In response to Fed Chairman Ben Bernanke stating that more monetary easing measures may be needed in order to increase U.S. economic growth.
Gold was not so strong for much of last week, so Friday’s gains were very much anticipated by traders. Therefore, those investors who bought into the gold binary option on Friday were happy with the returns which they made. A weaker dollar in the hours ahead could help boost gold prices further. This means it may well be worth initiating Call options right now.
DOW JONES
The Dow Jones index binary option fell last week, but did rise on Friday by 0.69% to 13,090.84. There were positive figures published from the U.S. for most of last week, but this failed to help the Dow. This is because there was mixed views about what the Fed would say and do during the Jackson Hole meeting from Thursday onwards.
When Bernanke did announce that new stimulus measures are likely to be on the way, this sent the Dow Jones and other indexes higher. Traders are already opening Call options, as Monday’s trading gets underway.
Free Binary Options Signals: Dow Jones Goes Higher on Bernanke Comments!
