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.
Trade just one Tip at a time
USA is scheduled to post important economic data at 10.00 am EST.


EUR/USD: Encouraging data released from the Eurozone this morning indicated that an economic recovery could have commenced. This news helped propel the euro higher this morning epitomized by the EUR/USD recording a four week high.

The pair extended its gains for the fifth consecutive day by climbing just over 10 pips overnight. In the last few hours, the EUR/USD rose to test a major resistance level before being assertively rebuffed. After undergoing a corrective dip, the EUR/USD now looks poised to proceed higher. As such, activate a CALL binary option based on this pair following a sustained break above 1.3265.


USD/JPY: The US Dollar continued to strengthen against the Yen for the second successive day with the pair surging by almost 50 pips overnight. Earlier during today’s session, the USD/JPY soared to decisively break above a key resistance level before challenging its upper Bollinger Band.

The pair has since retracted in order to correct an overbought status. However, with the USD/JPY now looking set to climb higher, buy the pair if a clean break above 100.25 can be achieved.


GOLD TRADING: Bullion fell initially today just after the commodity markets re-opened. However, the precious metal has since regained its footing within the last couple of hours by rallying sharply to test its upper Bollinger Band.

With gold now appearing ready to extend its impressive bullish rally of late, consider executing a CALL binary option using this commodity as its underlying asset if price can surge decisively above $1,344.20 per oz.


AUD/USD: The Aussie came under extensive pressure from the greenback during the night exemplified by this pair crashing by over 90 pips. The release of disappointing economic data from China overnight caused the Australian Dollar to weaken extensively.

The AUD/USD plummeted this morning to probe its lower Bollinger Band before rallying to correct a heavily oversold status. With further Aussie weakness now in the pipeline, consider selling this pair if price can achieve a positive break beneath 0.9190.