Binary Options Trading Opportunities – December 3, 2015

ECB interest rate decision

The interest-rate decision coming other European Central Bank will of course garner all the headlines during the session on Thursday, but ultimately the real action will be decided by whether or not they choose to stimulate the economy more. That of course would be negative for the Euro so we think this could be a fairly big day when it comes to the US dollar. After all, when the Euro loses luster, generally the US dollar pics of strength.

GBP/USD finally breaks down

The GBP/USD pair broke below the 1.50 level during the course of the session on Wednesday, and of course this is a psychological event due to the fact that the 1.50 level is such a “perfect round number.” With this, we believe in buying puts what comes to this pair and believe that it will reach towards the 1.48 level, followed by the 1.45 level.

WTI Crude Oil continues to soften

We believe in buying puts when it comes to the WTI Crude Oil market, as we continue to drift lower. We believe that the market will reach towards the $40 level, and that any break down from here is a put buying opportunity, however we also believe that rallies offer the same type of trading set up.

CAC looks well supported

The Parisian index initially fell during the day on Wednesday, but found support yet again at the €4900 level. It is because of this that we believe every time this market dips, you should be buying calls. Eventually, we should reach towards the €5000 level and beyond. We have no interest in buying puts at all.