The FTSE 100 currently indicates a strong open, as traders wait for the release of the UK Quarterly Bank of England inflation report. Analysts are worried that with the interest rate at an all time low, inflation might spiral out of control forcing interest rates to rise ahead of schedule, and the FTSE 100 is therefore likely to be very sensitive to this report. Crude oil is trading higher after China, the world’s second-biggest energy-consuming country, said yesterday that crude imports increased by 14 percent in April with many market analysts and traders hoping these are signs of an improving economy. Oil prices are very likely to break above in the 60 dollars per barrel level in oil trading later today, providing good opportunities for binary bets in the oil market
Binary Bet Of The Day
The last time the EUR/USD traded around the 1.3700 level the pair fell by 11 cents to test the 1.2600 levels. I am not sure what is going to happen this time, but that it will not stay in this range for long, and my suggested binary trade is therefore a breakout play on the EUR/USD with triggers at 1.3300 and 1.3900. In order to provide you with more help with your binary betting and trading we I have recently added many new features to the site including live currency charts, the latest currency news and fundamental analysis on video every morning, live commodity prices, stock charts and index charts, along with a national holidays calendar, and finally if you are looking for a good ECN broker then please just follow the link.
