Binary Options Trading Opportunities For February 12, 2016

We get the University of Michigan Consumer Sentiment numbers and the core Retail Sales numbers during the day on Friday, and as a result it’s very likely that we will get a bit of volatility, especially in the Americas.

Gold breaks out

Gold markets absolutely shot through the roof during the day on Thursday, as the $1200 level was broken above. That being the case, the market looks as if it is going to continue to go much higher and with that being the case we are waiting to see pullbacks in order to start buying calls going into the short-term. We think that longer-term traders are also very long of gold but we also recognize that the gold markets are completely overbought at this point.

DAX falls but finds support

The DAX fell significantly during the course of the session on Thursday, but found enough support to turn things back around and form a hammer. Ultimately, this is a market that looks like with the shooting star above, it’s likely that we will continue to see quite a bit of choppiness. Ultimately, this is a market that looks like it is going to continue to be very volatile, but we prefer to buy puts on short-term rallies.

USD/CAD struggles

The USD/CAD pair struggled at the 1.40 level, and as a result it looks as if we are going to continue to simply a sideways. Alternately, if we can break above the top of the range for the session on Thursday, we would be call buyers as it should be a continuation of the longer-term uptrend. We have no interest whatsoever in buying puts at this point in time.