Binary option trading tip: Euro will rise (again) against the US dollar

EURO/USDThis week will be published German Consumer Price Index for the euro. US Consumer Confidence, US Durable Goods Orders and Preliminary GDP will be released for the US dollar. UK Gross Domestic Product will be published for the British pound.

EUR/USD
German business confidence improved in February to 111.3 points from 110.6 in January. Consumer price inflation in the euro zone rose in January by 0.8 percent compared to the same period last year, was estimated as 0.7%, following growth of 0.8 percent in December. Basic CPI, which excludes the cost of food, energy, alcohol and tobacco increased by 0.8 percent in January after rising 0.7 percent in December. German GDP rose in the fourth quarter to 0.4 percent, which was in with the forecasts of economists. My recommendation would be call option on EUR / USD. It means that the price will be risen.

EUR/USD Trade
Strategy : CALL
Time expiry: week
Entry positions: 1.37180

GBP/USD
Investors are cautious about the recent string of disappointing economic indicators in the United States. It shall also include a report on jobs and retail sales, which have caused concerns about falling momentum of economic recovery since the end of last year. The British pound continued to strengthen against the dollar after better than forecasted data on mortgage approvals and retail sales in the UK. GBP / USD recorded a peak at 1.67170, and then consolidated at 1.6706. The currency pair will find support at 1.66200 and resistance at 1.67750.

GBP/USD Trade
Strategy : CALL
Time expiry: week
Entry positions: 1.66400


Gold
Investors remain focused Fed Chairman Yanet Yellen will be testified on 27 February. The weakening dollar has caused the traders to invest in gold. This precious metal is a protection against inflation. The gold price is moving upward trend. The trend is bullish and calls for further advance. It has been formed ascending and maintains upward pressure. The price of gold reached the peak at $1345 an ounce. The next target is $1354 an ounce. It is Increased the demand for gold as an alternative safe investment.

Gold Trade
Strategy : CALL
Time expiry: week
Entry positions: 1333

Crude oil
Oil prices fell as investors worried about the economic situation in China. A slowdown in the Chinese economy could again cause disruptions in oil markets. At the price of oil has great influence oil inventory data, which will be released on Wednesday. It’s Crude Oil Inventories. Oil prices fell to $100.95 per barrel and then consolidated at $102 per barrel. My recommendation would be a put option on crude oil. In this case put option means that the price will be droped.

Crude oil Trade
Strategy : PUT
Time expiry: week
Entry positions: 102.77

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