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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Wednesday 23rd 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.


    EUR/USD: This pair stabilized during the night by trading a tight horizontal range. The euro stormed higher against the US Dollar yesterday amid increasing speculation that the US Federal Reserve will not commence stimulus tapering until March of 2014 following the release of a weak US labor report.

    Although the EUR/USD slid by almost 20 pips this morning, analysts are considering this bearish movement as just a corrective dip. Consequently, buy this pair if price can surge back above 1.3800.


    USD/JPY: The ultra-safe Yen surged against US Dollar overnight after speculation increased that China will soon implement tighter monetary easing policies in order to restrain rising inflationary pressures. The pair crashed by almost 90 pips breaking beneath it 98.00 handle and a key support level.

    After undergoing a brief rally to correct an oversold status, the USD/JPY has begun to drop lower in the last hour. As such, open a PUT binary option using this pair as its underlying asset following a sustained plunge below 96.80.


    GOLD TRADING: After hitting a four week high on Tuesday following the publication of a weaker-then-expected US labor report, gold pared a portion of its gains this morning. Specifically, the price of this precious metal plummeted by almost $10 per oz as soon as the commodity markets recommenced business a few hours ago.

    Bullion is presently drifting lower by tracking its lower Bollinger Band downwards. With further gold weakness expected today, sell this commodity if price drops beneath 1.328.80 per oz.


    AUD/USD: The Australian dollar initially surged against the greenback during today’s session following the release of a strong inflation report which diminished hopes that the Australian central bank will instigate an interest rate cut in the imminent future. However, depressing news emerging from China reversed this trend by causing this pair to plunge this morning.

    As such, the AUD/USD has now recorded a drop of almost 80 pips so far today by falling beneath a key support level. With the pair now weakening further, consider executing a PUT binary option, structured on this pair, following a sustained break under 0.9580.


    SILVER: The directional movements of this metal are presently tracking those of gold very closely as silver also slipped lower this morning after recording substantial gains yesterday following the posting of a disappointing US Non-Farm payroll figure. The price of this commodity has slumped by almost 20 cents per oz already during today’s session.

    Silver is currently heading lower after rallying in the last few hours to address an oversold condition. As such, sell this metal if price can now achieve an assertive break below $22.30 per oz.

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

    A ‘CALL’ Binary Option was executed, based on AUD/USD, with an opening price of 0.96858 (8.30 am EST) which posted a closing value of 0.97190 at expiration (9.30am EST) finishing 'in-the-money'.

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