Market Analysis & Binary Options Trading Opportunities – November 4, 2015

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During the session on Wednesday, we have a couple of announcements that could move the markets, especially with the ADP Nonfarm numbers. This of course gives us an idea of what we could expect on Friday. On top of that, we have Nonmanufacturing ISM out of the United States, which of course can move the stock market. And then we have crude oil numbers coming out which obviously has an effect on that particular commodity.

1 – Regardless, we believe that stock market should continue to go higher, because quite frankly they have more than enough momentum to continue. We think the pullbacks only offer value and therefore we are buying calls when they happen. Ultimately, we think that risk assets will be bought due to forced low interest rates continuing around the world by central banks.

2 – Precious metals continue to look very susceptible to downward pressure, so we believe that they will continue to fall. With no interest in buying calls yet, but recognize a short-term put buying opportunities may continue to show themselves on short-term rallies. Longer-term moves could present themselves, but in the meantime it looks like short-term trades are the only way to go.

3 – Currency markets opened their going to continue to favor the US dollar in the short-term, but quite frankly we think that it will remain choppy overall. In other words, the US dollar gets a little too far ahead of itself, we begin to buy positions in favor of European currencies.