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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Firday 30th 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: This pair consolidated the gains that it has acquired over the last two consecutive days by range trading a restricted horizontal channel this morning. The US Dollar is attracting support following the posting of economic data demonstrating continuing improvements in the US economy and labor market.

    Basically, the EUR/USD spent the night oscillating about its middle Bollinger Band. However, a decisive break beneath this level in the last couple of hours is now indicative of fresh US Dollar strength. Consequently, consider activating a PUT binary option using the EUR/USD as its underlying asset if price drops beneath 1.3210.


    USD/JPY: The Yen managed to undertake a mild rally against the US Dollar this morning by reversing two days of successive losses. The USD/JPY has slipped lower by almost 15 pips during the session so far.

    The pair initially fell to test its lower Bollinger Band before being assertively rebuffed by that level. Subsequently the USD/JPY has rallied in the last couple of hours and now looks set to break above its middle Bollinger Band. If successful, then buy this pair if price jumps above 98.45.


    GOLD TRADING: Reducing tension in the Middle East caused gold to slump overnight as it continued to retract from the 3.5 month high it recorded on Wednesday. The price of this precious metal crashed by over $15 per oz as soon as the commodity markets re-opened this morning breaking beneath its psychologically important $1,400 per oz level in the process.

    Bullion plunged sharply overnight so that it is now challenging its lower Bollinger Band. Analysts are now expecting gold to weaken further today albeit after a short rally to correct oversold conditions. Consequently, implement a PUT binary option based on this commodity following a sustained break below $1,391.80 per oz.


    GBP/USD: The British pound came under pressure from the US Dollar overnight epitomized by the GBP/USD slumping by just over 20 pips. The pair has started to trade within a new bearish channel after strong US economic data has increased the likelihood that the US Federal Reserve will commence curtailing its massive monthly asset purchasing program in the imminent future.

    Specifically, the publication of better-than-expected US GDP and Jobless Claims figures this week has now laid the foundation for the Fed to commence tapering soon. THE GBP/USD crashed lower in the last few hours so that it is now probing its lower Bollinger Band. As the GBP is now expected to extend its losses today, sell the GBP/USD following a clean break beneath 1.5460.

  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 1.32298 (10.04am EST) which posted a closing value of 1.32247 at expiration (11.04 am EST) finishing 'in-the-money'.

    A ‘CALL’ Binary Option was executed, based on the USD/JPY, with an opening price of 98.405 (10.22am EST) which posted a closing value of 98.463 at expiration (11.22am EST) finishing 'in-the-money'.

    A ‘PUT’ Binary Option was executed, based on Gold, with an opening price of 1,406.54 USD (10.02 am EST) which posted a closing value of 1,405.87 USD at expiration (11.02 am EST) finishing 'in-the-money'.

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