Free Binary Options Signals: Asian Stock Market Slump Increases Risk Aversion!
EUR/USD
Put
There is much bearish sentiment in the markets currently due to the Asian stock market slump, which saw the Japanese Nikkei 225 Stock Average decline notably. The EUR/USD is trading lower by 0.14% at $1.2548. There are various factors which have pushed the pair lower lately.
The weak economic figures from the Eurozone and the inability of policy makers to get their act together has hurt the euro today. In addition, the growing opposition to QE3 has helped the dollar. Look to open Put options for the EUR/USD forex binary option today.
GBP/USD
Put
The GBP/USD pair is up slightly this morning by several pips at $1.5864. This comes as traders favor the British pound due to the instability coming out of the Eurozone. The GBP has somewhat upheld its strength in the current trading week against its main currency counterparts.
As long as the European debt crisis drags on, the GBP is likely to benefit. There may be a bearish downturn later today, meaning you may want to open Put options as the trading day gets underway.
USD/JPY
Call
The yen is a lot higher today versus the majority of it peer. However, it has lost ground versus the U.S. dollar. The USD/JPY pair is higher this morning by 0.14% at 78.61 yen. This is despite the pair declining a lot in the past several days of trading. The dollar may continue gaining strength today as there is so much instability in the forex market.
Traders are currently unsure about the future direction of the main currency pairs. Therefore, the dollar really has taken advantage of this. The Japanese stock market decline may have hurt the yen in comparison to the dollar. This is especially as the Japanese economy is very weak these days. Traders are opening Call options in the USD/JPY in anticipation of another price increase.
CRUDE OIL
Put
Crude oil futures are lower for a second trading day by 65 cents at $95.63. The losses come following U.S. jobless claims rising yesterday more than was forecasted. The U.S. economy is improving as a whole, but the leading commodities are very volatile to news coming out of the global economy.
The bearish oil prices are also owed to poor manufacturing figures which were recently published from both the Eurozone and China. The negative sentiment is set to continue throughout the current trading day, which will prompt traders to open Put options.
GOLD
Put
Gold is another commodity which has been hit in the latest round of trading. The gold binary option is lower this morning by 0.36% at $1,664.70. Traders have decided to sell off the precious metal on a stronger dollar and due to more and more U.S. officials voicing outrage at the Fed’s possible future move at boosting the U.S. economy with stimulus measures.
Therefore, the longer this goes on for, the more gold prices may fall. With this in mind, it may be the case that gold will continue falling today. This may lead traders to open additional Put options.
DOW JONES
Put
The Dow has been very weak during the current trading week. Yesterday saw the index decline, as there was a lack of positive sentiment in the markets. Even when there was bullish sentiment in the former half of the current trading week, the Dow Jones failed to capitalize.
Traders have become wary about investing in a number of indices due to mixed signals from the U.S. Federal Reserve. It is foreseen by many to open Put options, as another bearish trading day may be on the cards for the Dow Jones binary option.
Binary Options Signals - BinaryOptionsForecasts.com
Free Binary Options Signals: Asian Stock Market Slump Increases Risk Aversion!
