Binary Options Trading Opportunities For November 13, 2015

Multiple announcements on Friday

With the multitude of announcements coming out during the session today, we expect quite a bit of volatility. There are GDP numbers coming out of Germany and the European Union, while we have Consumer Sentiment coming out of the United States. We also have PPI numbers coming out of America, so quite frankly we think there will be quite a bit of trading opportunities going forward.

Gold markets fall but find support

Gold markets fell pretty hard during the course of the day on Thursday, but bounced off of the $1075 level. Ultimately, we ended up forming a bit of a hammer but we think that if we can break down below the bottom of the range, this market will continue to go down to the $1000 handle. Rallies at this point in time look suspicious, and we are buyers of puts every time we show signs of exhaustion on a short-term chart. We believe that the $1100 level is a significant resistance barrier.

USD/CHF drifts sideways on Thursday

The USD/CHF pair went back and forth during the course of the day on Thursday, bouncing off of the parity level yet again. Even if we break down below parity though, we still think that the 0.99 level offers quite a bit of support as well. With this, we are simply looking for some type of bounce in order to start buying calls. We believe that this pair goes much higher given enough time.

CAC testing support

The French market initially tried to rally but then turned back around during the course of the session on Thursday, showing continued consolidation. With this, we believe that any signs of support or a bounce in this area would be a nice call buying opportunity.