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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Monday 26th 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 US dollar managed to stem the losses that it experienced against the euro last Friday exemplified by the EUR/USD slipping nearly 15 pips this morning. The pair fell during the initial part of today’s session to test its lower Bollinger Band.

    After undergoing a corrective rally in the last couple of hours, the EUR/USD rebounded against its Middle Bollinger band and is presently heading lower. As such, consider implementing a PUT binary option based on this pair if price slumps under 1.3345.


    USD/JPY: After recording three days of consecutive gains towards the end of last week, the greenback slid against Yen overnight with the USD/JPY dropping by almost 20 pips. The US Dollar is currently weakening following the publication last Friday of US economic news revealing a serious slump in new home sales.

    After falling initially overnight, the pair underwent a rally before being decisively rebuffed by its middle Bollinger Band. As currency specialists are predicting that the greenback should extend its losses today, sell the USD/JPY following a confirmed break below 98.25.


    GOLD TRADING: This precious metal acquired extensive support last Friday after the release of a disappointing US new home sales figure increased speculation about whether the Fed is really in a serious position to commence trimming back its massive monetary easing support this year.

    However, gold stabilized overnight after it slumped by almost $5 as soon as the commodity markets reopened this morning. As bullion has started to weaken further in the last hour, open a PUT binary option using this commodity as its underlying asset if price can slump beneath $1,392.80 per oz.


    GBP/USD: This pair consolidated its position overnight by range trading a restricted horizontal channel. Investors have adopted an apprehensive stance ahead of a speech by the Mark Carney, the Governor of the Bank of England, on Wednesday. This is because numerous analysts are predicting that Carney could hint at interest rate hikes in the imminent future.

    After dropping beneath its middle Bollinger Band in the last hour, the British pound now looks poised to weaken further today. Sell the GBP/USD if price drops below 1.5545.

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

    A ‘CALL’ Binary Option was executed, based on the EUR/USD, with an opening price of 1.33858 (9.54 am EST) which posted a closing value of 1.33931 at expiration (10.54 am EST) finishing 'in-the-money'.

    A ‘CALL’ Binary Option was executed, based on Gold, with an opening price of 1,378.10 USD (9.55 pm EST) which posted a closing value of 1,395.90 USD at expiration (10.55 am EST) finishing 'in-the-money'.

  3. #3
    Senior Member LeeChang's Avatar
    Gold continue to attract buyers today making third consecutive bullish day and closing today just above 1400. I have a 3 day call trade entered earlier today, with entry price of $1393, now in the money. EUR/USD and GBP/USD traded in a very tight range, a situation which don’t give clear indications where is heading the euro and pound now. Australian and New Zealand dollar are in a very slow uptrend but this is still not safe to trade. USD/JPY also ranging without clear direction for entering binary trades. Oil is clearly moving up, but also have volatility and is a difficult instrument. I think it is totally different than all other instruments, and need to learn how to trade it separately from everything else you know. European stock markets are up but it couldn’t be said the same for the US markets.

  4. #4
    Legendry Member milos's Avatar
    The price of gold has changed a bit after short jump over the key level of $1400 per ounce as investors await the Fed's quantitative easing on. The movement of gold prices this years mostly follows the Fed's decision on the future of incentive programs. On the New York Mercantile Exchange gold for delivery in December traded at $1395 an ounce. Support is likely to test $1352 an ounce the low of 20 August and resistance at %1417 the high of 7 June. Gold was up nearly 2% on Friday after the US Department of Commerce published a decline in new homes sales by 14.3% in July while analysts expected a decrease of 2%.
    Minutes of July meetings of the Federal Reserve which was published last week showed that boar members remain divided on the issue date of reduction, and almost everyone agrees that the condition for a charge in bond buying is still not adequate. The Central Bank should meet 17 and 18 September to look into the economy and assess policy. Despite recent gain, the precious metal is still on track to record a loss of approximately 17% year on year, due to concern about the beginning of the tightening of the Fed's incentive program. Termination of stimulation will blow of gold because the demand supported when investors buy gold to protect against inflation risk loose monetary policy.

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