Archive for currency broker

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.

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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 AUD/USD 2 Nov 2009

Monday, November 2nd, 2009
Binary Bet 2 Nov 2009

Binary Bet 2 Nov 2009

Monday morning markets are usually quiet but this morning they have all been very jittery following last week’s sell off as the FTSE 100 & NASDAQ ended October almost 2% down in October.  This weekend’s news that another US Bank (CIT) has filed for Chapter 11 in a high stakes plan to stay open while it attempts to restructure has not given the markets any confidence.  This has thrown many traders and investors into panic with demand for yen which has soared against the dollar, sterling, euro and Aussie dollar.  However, with positive noises about the Australian economy and better than expected house price data caused an immediate “volte-face” – all this before the trading week had started!!  With markets reacting (and over reacting to almost any piece of fundamental news) trading will be tricky.

Bet idea:

The Aussie has had some wild moves in the last few days and has already shown some fighting spirit today. The AUD/USD is up 0.5% while the AUD/JPY is up 0.4%. Either of these forex pairs could be at the centre of the action today and could be a good avenue for bets as markets continue to thrash out a consensus.

Binary Betting Tip – 30th October 2009

Sunday, November 1st, 2009

Aussie Dollar - Daily Forex Chart 30th October 2009

Aussie Dollar - Daily Forex Chart 30th October 2009

Binary Betting News

Financial markets can be a fickle friend and yesterday was no exception. After big falls on stock markets the day before, the door was open for a sustained sell off. Instead, it seems that the Dow Jones  had fallen just enough to tempt buyers back into the market. The catalyst was a surprisingly robust US GDP report, which not only showed that the world’s biggest economy had returned to growth, but also that the pace of the recovery has been faster than forecast. Some of this growth can be attributed to government spending and inflation, but markets didn’t care. Investors went on a buying spree with one market fuelling another. As optimism flooded back into the markets, the yen was unceremoniously dumped as investors looked for better returns in more risky assets. The day’s biggest movers were the AUD/JPY (Aussie dollar/Japanese yen) and the EUR/JPY (Euro against the yen). In early trading today those moves are unwinding slightly but it would take an exceptional day for all of yesterday’s gains to be eroded.

What’s hot?

The Yen: USD/JPY, AUD/JPY, EUR/JPY & GBP/JPY

Binary Betting Tip

The Aussie dollar staged an impressive and unexpected recovery, wiping out all the previous day’s losses in one frenzied session. With commodities bouncing back, it could be a good time to use No Touch bets on the AUD/USD with the trigger set below current levels

Binary Betting Market Movers

It’s a busy day out there today with a number of potentially market moving events. However there are two top tier events with the first being the release of the latest UK house prices from the Nationwide. Analysts are expecting a slight dip compared to last month. Watch the GBP forex pairs for any reaction.The second economic announcement of note is Canadian GDP. Analysts are expecting slight increase on the previous month so keep your eye on the USD/ CAD for any reaction.

In order to provide you with more help with your binary options trading 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.

Binary Betting Tip – 29th October 2009

Sunday, November 1st, 2009
Euro vs Yen Daily Currency Chart 29th October 2009

Euro vs Yen Daily Currency Chart 29th October 2009

It is often said that financial markets go up stairs, but down escalators and today was a good example of this in equities. Throughout October, markets like the FTSE 100 spent a lot of time grinding their way higher, only for these hard fought gains to be wiped out in a couple of days. After making fresh new highs for 2009 in October, most major indices such as the FTSE, S&P500 and Nasdaq are now in the red for the month. Financial markets have had a phenomenal run since the low points of March, but now investors are taking their gains and running to the safety of the sidelines. The main catalyst for the sell off yesterday was a surprise fall in US new home sales. However, the door to a slump was already open by the time this came around.

In this ‘safety first’ climate the yen is the favoured home for people’s money. Yesterday, the euro and Australian dollar were well and truly smashed against the yen in particular. The sell off has shown no abatement today either with the EUR/JPY and AUD/JPY amongst the biggest fallers in early trading. Aside from the yen, the US dollar is holding up reasonably well and the British Pound is holding its own.

Many of the key trends from last week have been reversed with surprising aggression. The New Zealand dollar against the US dollar (NZD/USD) is a good example of this. So if you’re looking for some action today then those currencies going from hero to zero may be your best bet. You can find most of these in the hot list below.
What’s hot?

The yen: USD/ JPY, AUD/ JPY, EUR/ JPY & GBP/ JPY
The Kiwi dollar (If betting against): NZD/USD

Binary Betting Tip

The Euro/ Japanese yen pair (EUR/ JPY) has now reversed nearly 60% from of its move from the start of October in just four trading days and is holding around the 133.00 level. If the EUR/ JPY is going to pause, this technical level might be as good a place as any. A double (up) trade might be a good way to play this.

Binary Trading  Market Movers

Today’s major economic announcements both come from the US at 12.30 GMT. First we have the latest GDP figures which are widely expected to turn positive, indicating a return to growth for the first time in over a year. Will there be any shocks as with the recent UK GDP figures?

Secondly we have unemployment claims which are expected to show a slight dip on the previous announcement, indicating the unemployment situation is improving in the US. Watch out for the reaction to these announcements on the Dow Jones and US Dollar pairs like the EUR/USD and GBP/USD.

In order to provide you with more help with your binary options trading 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.

Binary Betting Tip 26 Oct 2009

Monday, October 26th, 2009
Euros to Pound 26 Oct 2009

Euros to Pound 26 Oct 2009

Today’s currency in play is unquestionably the UK Pound. The currency is still reeling after Friday’s UK GDP data unexpectedly showed that the UK was still in a recession.  Currency traders hit the sell button, causing huge reversals on the GBP/USD, GBP/JPY and EUR/GBP. There has been some follow on selling in early trading and the hot money is betting that the pound has further to fall.  Meanwhile economists are divided on what Friday’s GDP data means with some arguing that the data could be revised upwards.  The result is that Sterling is likely to be volatile and overreact to any UK economic announcements, so this evening’s speech by MPC members Posen could have an exaggerated effect on the forex markets. It could idea to wait until this speech before placing any bets on the pound.  The biggest beneficiary of the pound’s collapse appears to be the euro which is also making good gains against the US dollar. Aside from the euro, the ‘commodity’ currencies of the Canadian and Australian dollar are also well placed for a rally this morning as oil nudges back towards $80.

Early indications are that it will be a positive start to the week for world stock markets like the FTSE 100 and Dow Jones (Wall Street) after a good session from Japanese stocks.

What’s hot?

The British pound (If betting against the pound): GBP/USD, GBP/JPY, EUR/GBP
The Euro: EUR/GBP & EUR/USD
The Canadian dollar: USD/CAD
The Australian dollar: AUD/USD

Bet idea:

The best moves could come from the pound again today with the EUR/GBP potentially the best place to bet.