Binary Options Trading Opportunities For October 8, 2015

Central banks making waves

During the session on Thursday, we have announcements coming out of the Federal Reserve which of course will give us an idea as to what they thought of during the last meeting. The FOMC Meeting Minutes isn’t an announcement that is quantifiable, just that the markets will get a general “feel” of the members, and whether or not we are anywhere close to an interest-rate hike out of America. Across the Atlantic, we have the Bank of England and its Official Bank Rate coming out today as well, so having said that it is likely that we see quite a bit of volatility in both the British pound and the US dollar overall.

GBP/JPY ready to go higher?

The GBP/JPY pair has broken higher recently, but ran into a little bit of trouble at the 184 level. If we can get above there, we think it is a nice call buying opportunity. Having said that though, we also look at pullbacks as potential value that we can pick up via calls. We have no interest in buying puts, and believe that ultimately this market will try to reach towards the 188 handle.

WTI Crude continues to break out

The WTI Crude Oil market broke out during the session on Tuesday, and continues to go higher during Wednesday. We recognize that the $50 level is of course a large, round, psychologically significant area, but we do think that eventually we go higher. If we can break above the $50 level, we believe that the market should continue to go much higher. Any pullback at this point in time should be a buying opportunity via calls, if we can get some type of supportive candle.

NASDAQ 100 continues to grind higher

The NASDAQ broke higher during the course of the session on Wednesday, but it does continue to struggle just above. Because of this, we feel that short-term pullbacks will probably be decent call buying opportunities, but quite frankly it’s a short-term traders market only. We have no interest in buying puts at this point in time.