Binary Options Trading Opportunities – November 11, 2015

Chinese Industrial Production numbers

The markets have a handful of announcements during the session, but we believe Wednesday will feature the Chinese Industrial Production numbers. With this being the case, the market should have more or less a “risk on, risk off” type of attitude during the day. If the numbers out of China are good, it will be good for stocks markets and risk assets in general.

Euro continues to fall

The EUR/USD pair fell again during the session on Tuesday, breaking below the 1.07 level. Because of this, the EUR/USD pair should continue to drop towards the 1.05 level over the longer term. We continue to buy puts on short-term rallies that exhaust themselves, and of course breakdowns to fresh new lows.

Gold markets find stability on Tuesday

The gold markets went back and forth during the day on Tuesday, but found a bit of stability near the $1090 level. Ultimately, we think there is quite a bit of support at the $1080 level below, so it is not until we get below there that we are willing to buy puts. On the other hand, we could be convinced to buy calls above the $1100 level.

FTSE dips during Tuesday session

The FTSE fell a bit during the course of the session on Tuesday, but quite frankly we still see significant support just below. Because of this we are waiting for some type of supportive candle in order to start buying calls, as the market should consolidate further, and reach towards the 6450 handle yet again.