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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Friday 4th October !!!

    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 will not release its Labor Report today because of the Government Shutdown.


    EUR/USD: After recording an eight month high on Thursday against the US Dollar, the single currency retracted this morning with the EUR/USD slipping by almost 12 pips. The euro is presently acquiring support from the lack of concerned over its current strength presently expressed by the European Central Bank. The single currency has performed so well this week that it is now regarded as a source of stability in a volatile currency market.

    After dropping during the night, the EUR/USD is currently testing its lower Bollinger Band. As currency specialists are expecting the pair to undergo further correction today, activate a PUT binary option based on this pair if price slides beneath 1.3580.


    USD/JPY: This pair stabilized during the night after registering a five week low on Thursday. The Yen gain support after the Bank of Japan revised its evaluations on capital expenditure higher amid signs that its current stimulus measures are producing effective results.

    The USD/JPY has basically traded sideways this morning within a constricted horizontal channel. With the upside capped by the ongoing Washington drama, consider selling this pair following a sustained break below 96.90.


    GOLD TRADING: The price of this commodity rose yesterday following the publication of economic data from the USA disclosing a worse-than-expected service sector number. This result increased the possibility that the US Federal Reserve will refrain from instigating any stimulus tapering within the foreseeable future.

    As gold normally benefits whenever global central banks introduce or extend monetary easing policies, commodity analysts are now forecasting that it should extend its gains further today. Consequently, implement a CALL binary option structured on bullion if price surges above $1,320.20 per oz.


    AUD/USD: The Aussie remained well-bide during the night by strengthening for the second consecutive day. The pair surged higher by over 50 pips to assertively break above its psychologically important handle at 0.9400.

    The AUD/USD climbed higher to challenger its upper Bollinger Band during the early part of today’s session. However, after undergoing a corrective dip to address an overbought status, the pair has recommenced rising upwards in the last hour. As such, buy the AUD/USD if price breaks above 0.9470.

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

    A ‘PUT’ Binary Option was executed, based on USD/JPY, with an opening price of 97.396 (9.51am EST) which posted a closing value of 97.241 USD at expiration (10.51 am EST) finishing 'in-the-money'.

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