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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Thursday 22nd 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.
    The USA is scheduled to publish important economic data at 8.30 am EST.


    EUR/USD: The posting of the FOMC minutes yesterday produced a surge in US debt yields which has caused the US Dollar to strengthen overnight against most other major currencies. The EUR/USD exemplified this development with the pair extending its yesterday’s losses by plunging almost 20 pips this morning.

    The EUR.USD has just crashed beneath a key support level and its lower Bollinger Band. The pair is now expected to weaken further today possibly following a brief rally to correct a heavily oversold status. As such, consider initiating a PUT binary option, using the EUR/USD as its underlying asset, if a sustained break below 1.3280 can be achieved.


    USD/JPY: A more hawkish-than-expected FOMC minutes provided the greenback with new levels of support helping it to surge against the Yen for the second consecutive day. The USD/JPY rocketed higher this morning by climbing nearly 100 pips.

    The pair has consequently entered into a new bullish channel and is presently challenging its upper Bollinger Band, albeit heavily overbought. The Yen is now forecasted to weaken further today after undergoing a corrective dip. Consequently, look to buy the USD/JPY if price breaks decisively above 99.00.


    GOLD TRADING: Increasing speculation that the Fed will soon commence reducing its influential monthly bond buying program continues to weigh on gold causing it to slide this morning by $6 per ounce. In addition, the precious metal is weakening as a result of climbing US debt yields that were initiated by the publication of the FOMC minutes yesterday.

    Bullion fell this morning so that it is currently hovering above its lower Bollinger Band. As many commodity specialists are now forecasting further gold weakness over the course of today, sell this metal if price slumps beneath $1,362.80 per oz.


    AUD/USD: The release of strong Chinese data overnight helped most industrial commodities to strengthen. The Australian Dollar responded positively to this news as its performance is heavily correlated to both the fortunes of the commodity markets and to Chinese economic prospects.

    As such, the AUD/USD pared earlier losses to rise by just over 10 pips this morning. The pair is presently toying with its middle Bollinger Band. If this level holds, then consider activating a CALL binary option, based on the AUD/USD, if price climbs above 0.9030.

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

    A ‘PUT’ Binary Option was executed, based on the EUR/USD, with an opening price of 11.33647 (10.51 am EST) which posted a closing value of 1.33743 at expiration (11.51 am EST) finishing 'out-of-the-money'.

    A ‘PUT’ Binary Option was executed, based on the AUD/USD, with an opening price of 0.89841(15.21 EST) which posted a closing value of 0.89794 at expiration (16.21 EST) finishing 'in-the-money'.

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