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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Monday 12th August !!!

    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


    EUR/USD: The US Dollar extended its gains for the second consecutive day against the euro this morning epitomized by this pair retracting further away from the two month high that it recorded last week. The EUR/USD dropped by nearly 40 pips overnight by plunging below its psychologically important 1.3300 level in the process.

    The EUR/USD plummeted to test its lower Bollinger Band before undergoing a minor rally in order to correct an oversold status. With further weakness now looming, open a PUT binary option based on this pair if price slides beneath 1.3275.

    USD/JPY: Investors adopted an increasing risk aversive stance earlier during today’s session after Japan posted data disclosing that its economy grew at a slower rate than expected during the second quarter of 2013. Consequently, the Yen weakened against the US Dollar following this announcement enabling the USD/JPY to surge higher so that it almost matched the highs that it registered towards the end of last week.

    However, after rebounding against its upper Bollinger Band, the pair has since retracted. With signs now emerging that the USD/JPY is recommencing its course higher, buy this pair following a decisive break above 97.05.


    GOLD TRADING: News issued overnight advising that the reserves of the largest gold fund in the world had climbed for the first time in almost 8 weeks helped the price of this precious metal to extend its gains for the fourth consecutive day.

    Gold soared by almost $15 per ounce as soon as the commodity markets reopened for business earlier this morning. After being firmly rebuffed by its upper Bollinger Band, bullion has since retracted to correct a heavily overbought status. However, as gold is expected to strengthen further today, activate a CALL binary option following a sustained break above $1,327.30 per ounce.


    GBP/USD: The US Dollar continued to stabilize against the British pound overnight after Sterling had strengthened extensively against the greenback during the course of last week, epitomized by the GBP/USD surging over 200 pips. After analyzing the recently published BoE forward guidance document, the markets assessed that it was a hawkish statement as they concluded that UK inflation could remain strong for a prolonged period.

    If this viewpoint is confirmed over the coming months, then the Bank of England may be subsequently forced to increase its interest rate. Consequently, if UK inflation continues to remain high then the GBP is expected to strengthen further in unison. As such, consider buying this pair if price surges above 1.5505.

  2. #2
    Specialist Member TAllen1429's Avatar
    Last Friday's Results

    A ‘CALL’ Binary Option was executed, based on the AUD/USD, with an opening price of 0.9180 (9.32 am EST) which posted a closing value of 0.92008 at expiration (10.32 am EST) finishing 'in-the-money'.

  3. #3
    Rookie Member
    Quote Originally Posted by TAllen1429 View Post
    However, as gold is expected to strengthen further today, activate a CALL binary option following a sustained break above $1,327.30 per ounce.
    Yes, I agree. I'm expecting gold to start bull trend. Current price per once is on the production cost. It can't stay there for ever.

  4. #4
    Specialist Member TAllen1429's Avatar
    Quote Originally Posted by janoz View Post
    Yes, I agree. I'm expecting gold to start bull trend. Current price per once is on the production cost. It can't stay there for ever.
    Gold has certainly surged higher this morning. I thought that there may be an initial retraction because it is so heavily overbought. It has begun to dip in the last hour.

  5. #5
    Rookie Member
    excellent just call option .9177 hour expiry waiting for close

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