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 8.30am EST.


EUR/USD: This pair stemmed four days of successive gains this morning by retracting from two week highs. The euro weaken overnight after recovering this week from a recent sell-off caused by the European Central Bank sternly advising that it was committed to supporting prolong monetary easing despite signs that the economy of the currency bloc is definitely improving.

After dropping in the last few hours, the EUR/USD is presently probing its lower Bollinger Band. As such, consider opening a PUT binary option using this pair as it underlying asset, if price drops under 1.3265.


USD/JPY: The US Dollar continued to weaken against the Yen for the second consecutive day exemplified by the USD/JPY plunging almost 60 pips overnight. The greenback is currently under pressure amid growing confusion concerning when the Fed will commence slowing down its influential stimulus support.

The pair slumped this morning to assertively break beneath a key support level to test its lower Bollinger Band. After just undergoing a mild corrective rally to address an oversold status, the pair is now heading lower again. Consequently, sell the USD/JPY following a confirmed break below 99.05.


GOLD TRADING: Investors fled the safe-haven gold during the night as reducing Middle East tension encouraged them to increase their risk appetite. Consequently, the price of bullion instantly plunged by almost $24 per oz as soon as the commodity markets were reopened for business earlier this morning.

The precious metal plummeted to probe its lower Bollinger Band before instigating a minor rally to correct a heavily oversold status. However, as commodity specialists are now predicting further gold weakness today, sell it if price drops beneath $1,333.80 per oz.


GBP/USD: The Governor of the Bank of England, Mark Carney, defended the central bank’s forward guidance policy on interest rates this morning by stating that British firms and the general public were already experiencing its advantages. However, he also advised that the overall state of the UK economy still remained in doubt.

After climbing consistently for four successive days, the GBP/USD consolidated its gains by trading a sideways channel overnight. After just bouncing assertively against its middle Bollinger Band, the pair now looks poised to weaken further. Consequently, execute a PUT binary option, based on the GBP/USD, if price slumps below 1.5780.