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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Thursday 26th September !!!

    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 quietly traded a restricted range during the earlier part of today’s session until fresh Italian political developments emerged within the last few hours. The EUR/USD subsequently plummeted by almost 35 pips amid potential disruptions within the Italian parliament. The central issue concerns fraudulent allegations against former Prime Minister, Silvio Berlusconi.

    However, dovish comments from Fed’s Lacker provided support for a euro rally helping the EUR/USD to recapture its 1.3500 handle in the last hour. Analysts are now expecting that the Lacker statements will weigh on the greenback today after he advised that any October tapering by the Fed is unlikely. As such, buy the EUR/USD following a sustained break above 1.3540.


    USD/JPY: This pair surged just after the European Stock Markets reopened during the night amid increasing speculation about a possible Japanese corporate tax cut. However, after testing its upper Bollinger Band, the USD/JPY subsequently plunged by paring its gains.

    The greenback came under pressure after Fed’s Lacker advised that US growth would not improve during the short-term and that the US Central Bank could not instigate stimulus tapering during October without ‘losing face’. With further greenback weakness now in the pipeline, sell the USD/JPY following a decisive break under 98.20.


    GOLD TRADING: This commodity acquired fresh bullish impetus within the last few hours enabling it to surge by just over $6 per oz. Gold benefited from comments just released by Fed’s Lacker advising about an insipid US economic growth rate and reducing possibilities of stimulus tapering in October.

    As this precious metal always rallies following the instigation or retention of global monetary easing, it is now expected to extend its gains further today. As such, execute a CALL binary option, structured on this commodity, if price climbs higher than $1.343.20 per oz.


    AUD/USD: This pair succeeded in stemming five days of consecutive losses by rallying during the night epitomized by the AUD/USD climbing by just over 35 pips. The Australian dollar has undergone a corrective dip against the greenback within the last week after rallying strongly for months.

    The pair rose assertively this morning to surge above a key resistance level. After dipping to correct an overbought condition, the AUD/USD is now beginning to head higher again. As such, open a CALL binary option, based on this pair, following a sustained break above 0.9420.

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

    A ‘CALL’ Binary Option was executed, based on Gold, with an opening price of 1,328.22 USD per oz. (10.46am EST) which posted a closing value of 1,334.75 USD per oz. at expiration (11.46am EST) finishing 'in-the-money'.

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