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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Tuesday 22nd October !!!

    Recommendations:

    Use an expiry time of 1 hour plus.
    Risk no more than 2% of your account balance.
    Tips are tradable until 4.00pm EST today.
    The USA is scheduled to publish very important economic data at 8.30am EST.


    EUR/USD: The US Dollar continued to find its feet against most major currencies overnight by inching higher from an eight month trough. As such, this pair proceeded to consolidate this morning for the second consecutive day by slipping nearly 5 pips.

    Many currency specialists are now expecting the greenback to gain further traction today if the release of the US non-farm payroll figure for September later this morning produces an encouraging number, as widely anticipated. As such, consider activating a PUT binary option, based on the EUR/USD, if price slumps beneath 1.3640.


    USD/JPY: A rejuvenated US dollar strengthened against the Yen for the second day in succession epitomized by the USD/JPY climbing by just over 20 pips overnight. After taking the blunt of the recent Washington crisis, the greenback is now regaining support amid hopes that a strong US labor report will be issued shortly.

    The pair is currently tracking its upper Bollinger Band higher after assertively breaking above a key resistance level. With further Yen weakness in the pipeline, buy the USD/JPY following a decisive break above 98.60.


    GOLD TRADING: This commodity remained steady this morning ahead of the posting of the vitally important US job numbers for September. Although, the price of gold slumped by almost $3 per oz immediately it commenced trading a few hours ago, it has now pared all its losses since then.

    As a better-than-expected labor report will generate fresh support for the US dollar at the detriment of bullion, many specialists are predicting that this precious metal will weaken later today. If this prediction is confirmed, then implement a PUT binary option using gold as its underlying asset if price plunges below $1,310.80 per oz.


    AUD/USD: The Australian dollar proceeded to probe higher against the US Dollar overnight demonstrated by the AUD/USD climbing by almost 15 pips to test its upper Bollinger Band and a major resistance level. Further Aussie gains are now primarily dependent on the result of the US Jobs number that will be disclosed a few hours from now.

    Many economists are predicting that a figure between 160k and 190k will be released. However, should the recent Washington drama adversely influence this result then this pair will continue its path higher. As such, buy the AUD/USD following a clean break above 0.9685.


    SILVER: This metal slide overnight after recording gains for the last five consecutive trading days. The price of silver plunged by slightly over 15 cents per oz as soon as the commodity markets reopened for business earlier this morning.

    This metal initially plummeted to break below a key support level before rallying in order to correct an oversold status. With price starting to move downwards again in the last hour, silver is now expected to extend its losses today. Consequently, sell this commodity following an assertive break beneath $21.85 per oz.

  2. #2
    Specialist Member TAllen1429's Avatar
    Yesterday's Results

    A ‘CALL’ Binary Option was executed, based on Gold, with an opening price of 1,317.208 USD per oz. (8.56am EST) which posted a closing value of 1,318.015 USD per oz. at expiration (9.56 am EST) finishing 'in-the-money'.

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