Binary Options Trading Opportunities – November 5, 2015

Nonfarm Payroll Numbers

The Nonfarm Payroll Numbers coming out of the United States of course will give us an idea of what the employment situation is like. With that, we expect a lot of volatility in the markets, but we do see a few potential trading opportunities out there at the moment.

Gold is testing serious support

Gold markets tried to rally during the course of the session on Thursday, but turned around and ended up forming a shooting star. Because of this, we sit just above the $1100 level, and we see that has significant support. If we break down below there, we feel that the market should then go to the $1075 level. If we can break above the top of the shooting star, this market could take off to the $1130 level.

FTSE ready to continue consolidating

The FTSE continues to consolidate, and we look at pullbacks as potential call buying opportunities. This is especially true the closer we get to the 6300 level. We believe that 6500 of course is resistance, and we should continue to bounce around between those levels.

USD/JPY trying to break out

We rose during the course of the session on Thursday, testing the 122 level. However, we did pullback a little bit and therefore formed a bit of a shooting star. With this, we could get a little bit of a pullback, but quite frankly we think that a supportive candle below should be a buying opportunity as far as calls are concerned. We feel the same way about a move above the 122 level as it should open the door towards the 125 handle. Nonfarm payroll almost always moves this pair, so this could be one of the best places to be.