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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Thursday 19th September !!!


    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 and at 10.00am EST.

    EUR/USD: The euro extended the impressive gains that it acquired on Thursday by climbing higher against the US Dollar during the night. The pair rose by just over 50 pips as the US Dollar continued to reel following yesterday’s surprise decision by the US Federal Reserve to retain its monthly asset purchasing program in full force.

    With currency specialists now forecasting even more greenback weakness, look to implement a CALL binary option, structured on the EUR/USD, if price climbs assertively above 1.3590.

    USD/JPY: After plunging dramatically yesterday, the US Dollar staged an impressive rally overnight against the Yen, epitomized by the USD/JPY surging by nearly 70 pips. The prime catalyst behind this fresh greenback strength was that the Bank of Japan has only just instigated an asset purchasing program which even bigger than that of the Fed’s.

    The pair climbed higher this morning so that it is currently testing a key resistance. If price can now sustain a clean break above this level then consider buying the USD/JPY following a decisive jump above 96.60.

    GOLD TRADING: The commodity markets were one of the main beneficiaries of the Fed’s decision to refrain from tapering its current stimulus support, exemplified by the price of gold rocketing by nearly $70 per oz since Wednesday morning. This price metal underwent a corrective dip overnight to address a heavily overbought status.

    However, commodity specialists are now forecasting that gold should extend its gains as today progresses. Consequently, open a new CALL binary option, using this commodity as its underlying asset, if price can break above $1,368.20 per oz.

    AUD/USD: The Aussie consolidated its gains overnight by trading horizontally within a well-defined constricted range. Similar to other major currencies, the Australian dollar rocketed against the US Dollar yesterday following the Fed’s surprising decision to maintain its stimulus policies on hold.

    However, increasing AUD strength is causing significant problems for the Royal Bank of Australian who would prefer that its national currency was weaker. With further greenback losses now expected, buy the AUD/USD following a sustained break above 0.9540.

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

    Good day's trading yesterday. All you need to be successful at binary options if for the Fed to keep making half-crazed decisions!

    A ‘CALL’ Binary Option was executed, based on the EUR/USD, with an opening price of 1.33923 (14.00 EST) which posted a closing value of 1.34974 at expiration (15.00 EST) finishing 'in-the-money'.

    A ‘PUT’ Binary Option was executed, based on USD/JPY, with an opening price of 98.562 (14.00 EST) which posted a closing value of 98.127 USD at expiration (15.00 EST) finishing 'in-the-money'.

    A ‘CALL’ Binary Option was executed, based on the GBP/USD, with an opening price of 1.60024 (14.00 EST) which posted a closing value of 1.61027 at expiration (15.00 EST) finishing 'in-the-money'.

  3. #3
    Specialist Member LesterK's Avatar
    Precious metals are again lower and this could lead to even further decline during the next week. Crude oil is also week today. I will make few put options with weekly duration on those assets to capture the negative momentum. The situation on the stock markets is more complex. They had very stable upside move after the FED decision and still are in great shape, but I am too suspicious about they further climb. All of the markets, both European and American are way overbought and it is too dangerous to enter there with calls. I won’t trade currencies at all because there the situation is absolutely unpredictable.

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