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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Thursday 29th 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: Reducing tension in the Syrian crisis helped the currency markets to stabilize this morning causing the US dollar to rally against most other major currencies. The EUR/USD epitomized this new mood by plunging almost 90 pips overnight to extend its losses for the second consecutive day.

    After crashing below a major support level, the pair is presently toying with its lower Bollinger Band. The EUR/USD is now expected to weaken further today albeit after rallying to correct a heavily oversold status. Consequently, sell this pair if price can drop beneath 1.3230.


    USD/JPY: The greenback strengthened further against the Yen overnight by adding to the gains that it acquired yesterday. The pair has risen by just over 40 pips during today’s session so far as the US Dollar rallied amid uncertainty in the Syrian drama.

    After dropping earlier to probe its lower Bollinger Band, the USD/JPY has subsequently surged higher by breaking assertively above a key resistance level. The pair has just undergone a minor retraction to correct an overbought status but is now resetting its sights on a move higher. Open a CALL binary option based on the USD/JPY if a sustained break above 98.40 can be accomplished.


    GOLD TRADING: With the crisis in the Middle East taking a breather, investors increased their risk appetite overnight helping risky assets, such as stocks, to recover at the detriment of safe-havens, such as gold. As such, the price of this precious metal plunged by over $12 per once as soon as the commodity markets re-opened for business early this morning.

    After rallying in the last couple of hours to alleviate a heavily oversold condition, gold now looks poised to weaken further. Consequently, sell this commodity following a decisive break below $1,406.55 per oz.


    GBP/USD: The British pound weakened slightly against the US Dollar this morning with the GBP/USD by slipping almost 20 pips. The highly anticipated first speech by the new Governor of the Bank of England, Mark Carney, produced a limited reaction form Sterling.

    Carney took the moment to advise the UK businesses and public that the UK benchmark interest rate will most likely remain at its present low level for the foreseeable future. With further GBP weakness now looming, implement a PUT binary option using the GBP/USD as its underlying asset if price slumps below 1.5475.

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

    No tips yesterday as I was away. Here are Tuesday's results.

    A ‘PUT’ Binary Option was executed, based on the USD/JPY, with an opening price of 97.596 (7.38am EST) which posted a closing value of 97.432 at expiration (8.38am EST) finishing 'in-the-money'.

    A ‘CALL’ Binary Option was executed, based on Gold, with an opening price of 1,412.554 USD (7.04am EST) which posted a closing value of 1,417.752 USD at expiration (8.04am EST) finishing 'in-the-money'.

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