Binary Options Trading Opportunities – January 26, 2016

Mid-level announcements

During the day on Tuesday we are only getting Services PMI and Consumer Confidence so it’s very likely that most of the moves will be a technical nature. These couple of announcements to affect the US stock market slightly, but beyond that it’s really hard to believe that we will have massive moves as a result.

EUR/USD

We believe that short-term call buying opportunities could present themselves in the EUR/USD but would be quick to take profits around the 1.0950 region. With this, we are short-term bullish, but recognize that the market is a very well ensconced in a range.

WTI Crude Oil struggles at $32

The WTI Crude Oil market which has seen a couple of positive sessions in a row house turned back around at the $32 level, and as a result we are looking to buy puts. The overall trend is decidedly bearish, and quite frankly we can’t think of a reason to buy calls.

FTSE falls

The FTSE fell during the course of the session on Monday, breaking below the 5900 level at one point during the day. It now appears that the downtrend could continue, and it is not until we break above 6000 that we are comfortable buying calls. In the meantime, the breakdown below the lows of the session on Monday would be reason enough to start buying puts.