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Binary betting on ftse 100 today

Wednesday, September 29th, 2010
ftse binary betting daily chart ftse 100

FTSE 100 - daily candle chart 28th September 2010

The ftse 100 closed yesterday’s trading session in London with a strong signal on the daily chart, as the equity markets ended a volatile day, closing marginally higher, but with a deep wick to the lower body. The candle was created following a fall in the London stock market during the morning session, which was then reversed later in the day as US equities turned higher pulling UK shares up as a result. The key point to note from the candle is the low of the day, which touched, but failed to breach the 20 day moving average, giving us a strong trading signal that the index is likely to bounce higher in trading today. Indeed this view has been reinforced overnight with Asian and Far East markets rising once again.

This morning’s binary bets should therefore be to the long side, with either no touch bets or one touch bets the favourites for both short term and longer term binary betting strategies on the FTSE 100. The longer term target for the index is 6000 and above, by the end of the year, and a break above the key technical level of 5833 of April 2010 will provide the necessary platform for a sustained and prolonged bullish trend to this psychological level and beyond in due course.

Binary Betting Trading – 10th February 2010

Wednesday, February 10th, 2010
euro vs dollar daily candle chart for binary betting

Binary betting opportunities yesterday were all about the non dollar and yen currencies as currency markets reversed direction lead by equity markets, as the markets welcomed the news of a possible bailout for Greece, reversing losses of the last few days. The euro in particular surged higher with its strongest rally in 2010 to date, with the euro vs dollar and euro vs yen the big winners. The good news was led by Germany which suggested that it might consider some form of financial bailout, but worries and concerns have now resurfaced with the ECB now suggesting that the IMF may need to intervene in order to prevent a collapse of the country. Indeed, Greece is not alone with the STUPID group ( Spain, Turkey,UK , Portugal, Ireland and Dubai) also looking weak, and any one of these could also add to the current crisis in due course. With such a powerful mix of fear and worry surging in the markets at present it will not take much to see sudden an unexpected volatility, and one currency in particular that will provide some binary betting opportunities in the short term is the euro vs dollar.

Technically of course the daily chart for the euro vs dollar is very bearish at present, and with deep resistance now immediately above we could see a further fall in due course following yesterday’s rally in the currency pair. I would therefore suggest a no touch bet above the 1.4050 price point, for the next 7 days.

What is the best platform for trading the financial markets?  In my view it’s Metatrader 4.  Download your free demo copy of the metatrader 4 software by clicking on the following link, download metatrader free, and get started today.

Binary Betting Today – 8th February 2010

Monday, February 8th, 2010

A quiet day on the Forex markets today for binary betting, with only two major items of news due for release today, namely the Swiss retail sales figures forecast at 1.3%, well up from last time at 0.6%, followed later in the day by the Canadian Housing Starts, which once again should be positive, with a forecast of 180,000 against a previous of 175,000. Following the Non Farm Payroll data of Friday, the US dollar continues to strengthen against most of the major currencies this morning, all of which have moved around 0.4% so far, and with the US dollar index continuing its recent climb, this trend looks set to continue in the short to medium term. For the euro the Sovereign debt problems in Europe remain at the top of the agenda as speculators and traders continue to consider the prospect of a default by either Greece or Portugal, with the euro continuing to falter as a result. In today’s thin news markets expect to see further volatility as a result as rumor and fear continue to drive the forex markets until these issues are clearly resolved.

With positive numbers expected for both the above news items, we can expect to see strength in both the Swiss franc and also the Canadian dollar, and these should present good binary betting trading opportunities today in the USD/CHF and USD to CAD.

What is the best platform for trading the financial markets?  In my view it’s Metatrader 4.  Download your free demo copy of the metatrader 4 software by clicking on the following link, download metatrader free, and get started today.

Binary Betting – Equities & Forex Markets Fall

Thursday, February 4th, 2010
NZD/USD daily forex chart

This afternoon’s higher than expected US Unemployment numbers which came in at 480,000 against a forecast f 461,000, have triggered further selling in both the global equity and forex markets, with commodities also suffering as a result.  In late afternoon trading both gold price and crude oil were sharply lower, breaching various key technical levels as a result, mirroring the FTSE100 and DOW 30 which were also marked lower as a result. On the forex markets the two biggest losers were the Aussie dollar and the New Zealand dollar, both of which have been under pressure since the turn of the year, as speculators bale out of the carry trade and panic sell the currencies as a result. In binary trading today we saw the NZD/USD currency pair break below the key 0.70 level, and as  s result now offers excellent longer term trading opportunities for binary betting on the short side of the market. With strong potential resistance now above, we have a deep and sustained areas of price congestion, which should prevent any short term pullback from gathering momentum. My suggestion is to therefore look for no touch and barrier trades moving forward based on this technical break.

What is the best platform for trading the financial markets?  In my view it’s Metatrader 4.  Download your free demo copy of the metatrader 4 software by clicking on the following link, download metatrader free, and get started today.

Binary Betting Tips – 4th February 2010

Thursday, February 4th, 2010
Daily Candle Chart - NZD/USD Trading Analsysis

Candle Chart Analysis - NZD./USD Daily Chart

A relatively quiet start to trading this morning for binary betting ahead of today’s busy economic calendar, and in the forex markets there is a sustained and clear move away from the high yielding currencies of New Zealand and Australia. In early trading today the New Zealand Dollar vs US dollar pair is down by 0,75% whilst the Aussie dollar agains the Japanese Yen has fallen by 0.5%. The Aussie dollar came under further pressure today with the release of the retail sales figures which came in worse than expected at -0.7% against a forecast of +0.3%. At the same time the New Zealand Dollar fell following release of the Unemployment figures which came in higher then expected at 7.3% against a forecast of 6.8%.

With sentiment now turning against these high yielding currencies as the carry trade speculators begin to panic and sell off in ever larger volumes, today will be seminal for the NZD/USD currency pair, as technically the pair are balancing on the edge of support in the 0.70 price point. With the level of news today this could trigger a break below, providing several binary betting opportunities as a result, and for fixed odds trading I would suggest a double down bet as the best trading strategy for today. Longer term, if this support region is penetrated then a no touch bet at this level would then be the appropriate binary betting strategy.

What is the best platform for trading the financial markets?  In my view it’s Metatrader 4.  Download your free demo copy of the metatrader 4 software by clicking on the following link, download metatrader free, and get started today.

Binary Betting Tips – 1st February 2010

Monday, February 1st, 2010
pounds vs dollar daily candle chart for currency exchange rates

Pound vs Dollar - Daily Candle Chart 1st February 2010

The US stock markets closed last week with a heavy bout of selling with the most significant falls occurring on the Nasdaq 100, with some of the largest blue chip stocks such as Google, Apple and Microsoft being the biggest losers on the day. Apple stocks were under pressure all day following a less than enthusiastic response to the new Ipad, which received mixed reviews. For technical binary betting traders, the 1735 level looks to be a possible area of support and therefore I would suggest that this could be a good level for a No Touch trade in the next few days.

Moving to the forex markets, the biggest losers in the last few days have been the traditional carry trade currency pairs, which are now well off their peak levels of early January. For new currency traders, the carry trade involves trading a low yield currency, such as the Japanese yen ( or more recently the US dollar), against a higher yielding currency such as the Aussie dollar and New Zealand Dollar. Whilst the carry trade may appear to be a relatively low risk trade, in the last few months these speculative trades have become have become heavily oversold, with the currency traders leveraging positions ever higher – these positions are now starting to unwind quickly, with relatively small moves in the currency causing panic selling as a result. The net result is the Aussie dollar and New Zealand dollar have fallen sharply from their peak at the start of 2010.

For binary betting today, the UK pound is selling off heavily in the market as we approach the floor of the recent sideways consolidation, and should the 1.58 level be broken in the next few days, then this could signal the end of this trending channel with a deeper move lower possibly to retest the 1.55 or even 1.50 level in due course. My binary trading tip for today is to look for trading opportunities in the pound vs dollar as we break below the 1.58 price handle, which could happen later today.

What is the best platform for trading the financial markets?  In my view it’s Metatrader 4.  Download your free demo copy of the metatrader 4 software by clicking on the following link, download metatrader free, and get started today.