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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Thursday 31st 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 release important economic data at 10am EST.


    EUR/USD: The single currency extended its losses against the US Dollar overnight for the fourth successive day in a row by slumping just over 55 pips. The US dollar acquired fresh support after the Fed refrained from instigating early stimulus tapering yesterday.

    The EUR/USD has just crashed beneath a key support line in the last hour. As the euro is now expected to weaken further today, activate a PUT binary option, constructed on this pair, if price drops under 1.3640.


    USD/JPY: After enduring four consecutive days of sustained losses, the Yen reversed this trend this morning by rallying against the US Dollar. This pair has dropped by slightly over 30 pips during today’s session so far to break beneath a major support line within the last hour.

    Currency specialists are now predicting that the greenback is vulnerable to further weakness. Consequently, consider selling the USD/JPY if price can now achieve a sustained break below 97.95.


    GOLD TRADING: This precious metal continued to slide during the night after it had plunge sharply following the publication of the Fed statement on Wednesday. The price of this commodity crashed immediately by almost $10 per oz when the commodity markets commenced trading a few hours ago.

    Bullion has also just broken beneath an important support level and now looks set to weaken further. As such, open a PUT binary option using gold as its underlying asset following a clean break below $1,327.80 per oz.


    AUD/USD: Encouraging economic data was published by Australia overnight that helped this pair reverse a seven-day decline by rallying by just over 45 pips. The release of new house approvals that registered a 3.5 year high demonstrated that historically low interest rates were beginning to bolster the Australian economy.

    The pair surged higher this morning to break above a key resistance level within the last hour. With further Aussie gains now in the pipeline, buy the AUD/USD following an assertive break above 0.9535.


    Silver: The directional movement of this metal tracked that of the closely correlated gold by extending the losses it suffered following the Fed’s decision to adhere to its influential monetary easing policies. For example, the price of silver plummeted by over $35 per oz this morning immediately this commodity recommenced trading.

    After decisively plunging below a key support level within the last few hours, this metal is now prone to weaken further as today progresses. As such, sell silver if price can now accomplish a sustained break under $21.90.

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

    A ‘CALL’ Binary Option was executed, based on USD/JPY, with an opening price of 98.456 (14.08 EST) which posted a closing value of 98.551 USD at expiration (15. 08 EST) finishing 'in-the-money'.

    A ‘CALL’ Binary Option was executed, based on Gold, with an opening price of 1,355.205 USD per oz. (8.57am EST) which posted a closing value of 1,357.101 USD per oz. at expiration (9.57 am EST) finishing 'in-the-money'.

    A ‘CALL’ Binary Option was executed, based on Silver, with an opening price of 23.004 USD per oz. (8.58am EST) which posted a closing value of 23.028 USD per oz. at expiration (9.58am EST) finishing 'in-the-money'.

  3. #3
    Specialist Member pinoyoptions's Avatar
    Thanks for the tip Sir Tallen, Looks like USD has the strong move today 52 minutes before Initial Jobless Claims usd went up.

  4. #4
    Specialist Member TAllen1429's Avatar
    Quote Originally Posted by pinoyoptions View Post
    Thanks for the tip Sir Tallen, Looks like USD has the strong move today 52 minutes before Initial Jobless Claims usd went up.
    Yes, slight improvement with claims dropping by 10K. No major market reaction though.

  5. #5
    Specialist Member pinoyoptions's Avatar
    2 early close and 2 itm... negative 10k jobless claims market reaction was upward.


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