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Binary Bet 6 Oct 2009

euro vs dollar binary betting tip 6 oct 2009

With the FTSE is currently indicating a strong open, as traders continue with their optimistic mood & buoyed by the UK Industrial Production numbers which analysts are expecting to improve over last months reading, should all serve as strong support for this current rally.  The FTSE is likely to start the day in positive territory.

Crude oil continues to trade near $70 a barrel after rising on optimism that fuel demand will increase amid improved prospects for an economic recovery in the US,  the world’s biggest energy consumer.  Overall commodities also rose as the weaker dollar bolstered the appeal of raw materials as a hedge against inflation.

Pair in play

The uptrend in the Euro/USD seems to have resumed, with that in mind a 6 day one touch with a trigger at 1.4800 pays 63% ROI.