Binary Options Trading Opportunities For March 2, 2016

During the day on Wednesday we will get several announcements, but we believe that the ADP Nonfarm Employment Change number will be the biggest one. We also get the Base Book out of the Federal Reserve, and that can give us an idea of the overall strength of the US economy, and then we also get the Crude Oil Inventories number, which of course can have a massive influence on petroleum markets.

S&P 500

We believe that the S&P 500 will continue to show strength, and at this point inime that short-term pullbacks will be call buying opportunities. This will be especially true once we break above the 1970 handle, which should clear the way to reach towards 2000.

Gold struggles

Gold markets struggled a bit during the course of the day on Tuesday, but quite frankly we believe that the market is simply going to pull back and find more momentum to the upside. With that being the case, we are waiting to see this pullback and a supportive short-term candles in order to serve buying calls. Eventually we expect to make fresh, new highs.

USD/CAD breaks support

The USD/CAD pair broke below the 1.35 level and is now targeting the 1.34 level. It appears of this market will continue to fall, so every time we rally for short-term gain, you have to wonder whether or not put buyers will enter the market yet again. We believe that this will be fairly choppy, and that it’s only a matter time before the market falls again and again.