Binary Options Market Outlook – August 30 – September 3
This week’s major economic reports include consumer-spending on Monday, ISM data on Wednesday and the Non-Farm Payroll report on Friday. The ISM (Institute for Supply Management) survey of manufacturers is expected to fall slightly to 53.5% from 55.5%.
Affecting the Australian (AUD) dollar on Monday are Building approvals (month over month) and retail sales (month over month) to be issued 9:30pm US EST.
On Tuesday the Canadian (CAD) month over month GDP figures will be released before the market opens.
Wednesday will see the British pound (GBP) affected by the UK manufacturing report and homes report issued by Halifax Bank of Scotland.
Thursday keep an eye out for the ECB press conference, surely to affect the EUR/USD pair.
The major news for the week will naturally be focused on Friday’s Non-farm Payroll Report (NFP), which has produced disappointing results over the last two months. Investors will continue to focus on meager job growth in the US, with a jobless rate ticking up to to 9.6% from 9.5%, following the layoff of temporary Census Workers. That number would also look far worse if it included the people who are too discouraged to look for work.
Job concerns to weigh on the markets
Lets look at how this will affect the major markets:
Stocks:
Last week stocks shot higher as investors searching for confidence were reassured by Federal Reserve Chairman Ben Bernanke’s vow to do whatever it takes to revive the shaky economy. Let’s see if that momentum continues this week.
Following his speech The Dow Jones Industrial Average vaulted 125 points, or 1.3%, to 10111 during early afternoon trading.
Currencies:
Japan’s yen erased its early losses against major rivals Monday, after an emergency easing by the Bank of Japan failed to stem the currency’s strength for long.
The dollar slipped to ¥84.94 from ¥85.39 yen in late North American trading on Friday, after rising as high as ¥85.88 after the special meeting was announced. The yen hit a 15-year high versus the dollar last week.
The euro also slipped against the yen, buying ¥108.06, down from ¥108.75 late Friday and from a Monday high of ¥109.55.
Commodities:
Crude futures were little changed in Asia Monday, supported by a weak dollar, but lacking any upward momentum from supply-demand fundamentals.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at $75.11 a barrel at 0655 GMT, down 6 cents in the Globex electronic session. October Brent crude on London’s ICE Futures exchange fell 10 cents to $76.55 a barrel.
Oil has bounced back from a trough of $70.76/barrel reached Aug. 25 as investors renew their appetite for risk and sell the greenback. The ICE Dollar Index, which tracks the dollar against a trade-weighted basket of currencies, was down 0.02 at 82.74.
Binary Options Daily Review August 27, 2010
Stocks:
U.S. stocks fell Thursday as a fall in new claims for unemployment benefits offered only slight consolation to a market hammered by a recent spate of largely dismal economic reports. The question on everyone’s mind now is whether US Federal Reserve Governor Ben Bernanke will call for further stimulus dollars to keep the recovery going on a sustainable path. He will be speaking to the US congress on the matter today, which the markets will be following closely.
In trading the Dow Jones Industrial Average dropped 74.25 points to 9,985.81, with all but two of its 30 components ending in the red.
The S&P 500 declined 8.11 points to 1,047.22, with health-care companies and consumer staples weighing the most among its 10 industry groups. Material and industrial firms fared the best.
Currencies:
The Euro has tested support at 1.2695 session low right at European opening, which held firm and the pair bounced up to reach session high levels at 1.2740, approaching Thursday’s high at 1.2765.
On the upside, above 1.2735 session high, the pair could face resistance at 1.2765 (Aug 26 high) and then 1.2795/00 (Intra-day resistance). On the downside, immediate support lies at 1.2695 (session low), with next levels at 1.2650 (Aug 26 low) and 1.2585 (Aug 24 low).
The yen fell against the dollar and euro in Asian trading Friday after reports that Japanese Prime Minister Naoto Kan plans to hold a press conference later in the day to deal with the yen’s strength sparked selling on hopes that government may undertake some sort of concrete steps.
More Stimulus to Come?
Commodities Outlook:
Crude oil futures were slightly lower Friday in Asia against a backdrop of mixed regional equities, but were finding support ahead of a speech by U.S. Federal Reserve Chairman Ben Bernanke in which he may suggest more stimulus measures for the world’s largest economy.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at $73.31 a barrel at 0629 GMT, down $0.05 in the Globex electronic session. October Brent crude on London’s ICE Futures exchange fell $0.18 to $74.84 a barrel.
Binary Options Daily Review August 25, 2010
Stocks:
U.K. stocks were broadly flat Wednesday, as losses for Tullow Oil were offset by well-received results from BHP Billiton and insurer Admiral Group.
The U.K.’s benchmark FTSE 100 index rose 0.1% to 5,158.60, helped by a 1% gain for heavyweight miner BHP Billiton after it said fiscal-year profit more than doubled to $12.72 billion.
A broad decline in U.S. stocks that sent the Dow Industrials briefly below 10,000 ended sharply Tuesday, after poor data on the housing market intensified worries about the global economic recovery.
Currencies:
The Japanese yen eased against its rivals during Asian trading Wednesday after hitting multiyear highs the previous day, with the market watching for possible intervention by Tokyo to curb the currency’s rise.
In East Asian afternoon trading, the U.S. dollar changed hands at ¥84.38, recovering from its 15-year low of ¥83.57 Tuesday.
Commodities:
Crude oil futures rose slightly in Asia trading Wednesday as fresh buying emerged after prices closed at their lowest levels in more than two months.
A weaker U.S. dollar against the euro helped support buying interest, but gains were limited by a fall in regional equities.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at $71.87 a barrel at 0653 GMT, up $0.24 in the Globex electronic session. October Brent crude on London’s ICE Futures exchange rose $0.36 to $72.74 a barrel.
Crude prices have fallen nearly $10 a barrel in just over two weeks following weaker equities and a stronger U.S. dollar amid growing doubts about the strength of the global economic recovery. While the bearish undertone prevails, analysts say crude might be set up for a technical bounceback in the near term with strong support around $70 a barrel.
Binary Options Daily Review August 24, 2010
Stocks:
U.S. stocks finished in the red for a third straight day as salient economic concerns weighed on the market, overshadowing excitement over a slew of recent acquisitions.
The Dow Jones Industrial Average finished down 39.21 points, or 0.4%, at 10,174.41, after gaining as much as 91 points in intraday trading. The Nasdaq Composite Index slipped 0.92% to 2,159.63 while the Standard & Poor’s 500-stock index fell 0.4% to 1067.36.
Economists are expecting the US government’s estimate of 2.4% economic growth for the second quarter to be cut to 1.2% when it is released Friday, which would represent a clear slowdown from earlier in the year.
Currencies:
While remaining in range to break lower, the USD/JPY has most recently halted its slide at 85.00 where it commenced to pull back slightly. So far, the pair is trading back up around 85.10 where it seems to be finding modest resistance to climb any higher.
After opening the week facing a 35-pip downside gap, AUD/NZD managed to regain over 70 pips on Monday. The Aussie was able to fill the opening gap and reached an intraday high at 1.2643 against the Kiwi during the European session.
However the AUD/NZD retreated somewhat and closed around 1.2600 in the last hours of trading Monday and continues to move horizontally into a tight range between 1.2574 and 1.2615 during the current Asian session.
Commodities:
Gold retreated for a third day as an advance in the dollar curbed demand for commodities, including precious metals.
Gold for immediate delivery declined 0.5 percent to $1,220.55 an ounce at 10:46 a.m. in Singapore. December-delivery futures fell 0.5 percent to $1,222.20 an ounce.
While gold is up 11% in trading this year the precious metal is expected to pare any further gains as demand for stocks, commodities and energy thin.
Binary Options Market Outlook – August 23 – 27
Will the US market continue to see red? Corporate activity looks to pick up the slack in growth.
Let’s see how the US markets react to continued uncertainty and last week’s bearish sentiment. U.S. stocks declined Friday on light summer trading volumes, sending the Dow Jones Industrial Average to its second consecutive week of losses as concerns about economic growth weighed on investor sentiment. Offsetting concerns about the sagging recovery in the job market is a resurgence in M&A activity – as corporations in a stronger position to make strategic acquisitions are starting to move again.
Major economic reports to keep an eye on include Tuesday’s Canada core retail sales report (m/m), Wednesday’s Germany Ifo Business Climate and US new home sales, Thursday’s UK Nationwide Building Society’s home sale prices and US unemployment claims, toppping off with Friday’s UK revised GDP and comments by US Fed Reserve Ben Bernanke.
Lets look at how this will affect the major markets:
Stocks:
Leading the Dow’s decline Friday, Hewlett-Packard Co. dropped 2.2%. The technology giant’s profit climbed 6.1% on higher world-wide sales in its fiscal third-quarter, its final quarter with Mark Hurd at its helm. But investors have been nervous about H-P since Hurd left the company two weeks ago. Looks like things might be brighter on the other side of the pond — European stocks were trading up in early action on Monday, led by the financial and mining sectors, with SABMiller and HSBC Holdings in focus following deal talk. Keep an eye on European heavyweights with exposure to Asian markets. Overnight, Asian shares traded mostly higher while Australian stocks were steady.
Currencies:
The Australian dollar gained back most of its losses against its U.S. counterpart Monday, after falling in the wake of Saturday’s indecisive weekend election. The Aussie was buying 89.10 U.S cents, down 0.2%, after Saturday’s general election led to what will likely be the first hung parliament there in 70 years.
The Euro has dropped about 40 pips lower following weaker than expected German advanced Manufacturing PMI figures breaking through Asian sessions trading range floor, at 1.2680, to reach a fresh session low at 1.2680.
Commodities:
Despite opening the week under $74.00 a barrel, the front-month crude contract has recovered slightly over Asia on a weakening US dollar. So far the contract for October delivery trades at $74.19, yet remains fragile near 6-week lows due to last week’s disappointing US data releases.
The biggest factor weighing heavily on crude oil as of recent has been the sluggish economic recovery in key economies with typically high energy demand. In the US, the world’s leading energy consumer, job growth is much slower than analysts’ were predicting with initial jobless claims jumping to a 9-month high in 500,000 this past Thursday. Larger than expected crude inventories is also a contributing factor as stockpiles unexpectedly rose last week.
Binary Options Daily Review August 20, 2010
Stocks:
U.S. stocks fell Thursday as disappointing data on the jobs market and regional manufacturing added to doubts about the recovery, dampening enthusiasm that came with Intel Corp.’s $7.7 billion deal to acquire McAfee Inc.
The Dow Jones Industrial Average closed down 144.33 points, or 1.4%, to end at 10,271.21, with all 30 components in the red for the day. The blue-chip average’s loss broke two straight days of gains.
S&P 500 (1 Year)
Currencies:
Australian Dollar has lost momentum from gains Monday and Tuesday as the pair’s retreat from a 0.9080 high accelerated yesterday after rejection at 0.9020, and the pair dropped more than 100 pips lower, to find support at 0.8885, close to Monday’s low of 0.8860.
On the downside, immediate support lies at the mentioned 0.8885, and below here, 0.8860 (Aug 16 low) and then 0.8740 (Jul 21 low).
On the upside, resistance levels lie at 0.8925/35, and above here, 0.9015 (Aug 19 high) and then 0.9050.
Commodities:
Crude-oil futures finished Thursday at their lowest price since July 7 as the day’s round of macroeconomic reports showed the U.S. economy is poised to grow at a slower pace than earlier this year.
Prices had opened higher but turned lower after a Labor Department report showed a nine-month high for U.S. jobless claims. Oil dipped further after data showed manufacturing activity slowing in the Philadelphia area and a slow rise for the Leading Indicators Index.
Binary Options Strategy
binary options strategy
Several informative articles about Binary Options (also called Digital Options) have been posted at our blog . There you can find intermediate to advanced strategies for trading Binary Options. However, if you are new to Binary Options and want to learn more binary options strategies, this is post for you.
So what are Binary Options? Binary Options allow you to enter the trading world and to trade virtually any financial instrument (commodities, stocks, even Forex), all without any prior knowledge of trading. How is this possible? By greatly simplifying all aspects of trading, from opening an account, to funding your account by credit card, to execution and closing your positions. Nothing could be more simple. Binary Options are all about simplicity. The principle of trading Binary Options is based on choosing between 2 and only 2 possible outcomes. All other aspects of trading are taken care of for you. For example: if I choose to trade Google using Binary Options at www.tradesmarter.com, I simply need to choose whether Google’s price will end above or below the current price at the end of the hour. That’s it. As soon as I make that choice, all other aspects of trading are taken care of. Expiration of my Binary Option (closing my trade) at the end of the hour is automatic. If I chose correctly, lets say I decided that Google will end the hour above the current price and I was right, I will gain 70%. That’s unbelievable, considering that within literally minutes I can make hundreds of dollars, with my chances of succeeding being at least 50%. Certainly any knowledge of how Google behaves will allow me to increase my chances of success to greatly higher than 50%.
Many good binary options trading strategies have been posted at www.tradesmarter.com, however here is a nice and easy trading strategy to start you off. Have a look at Google’s trading history (you can use Yahoo Finance’s charts and open a daily chart of Google). When Google’s price crosses higher than yesterday’s high, often trading volume on Google will push the price higher. So a very simple way to start trading Binary Options is to place a ‘Call’ trade as Google’s price crosses yesterday’s high, indicating that you believe that the price at the end of the hour will end higher than the current price. If you were right at the end of the hour, your account will be automatically credited with 70% gain.
So as you can see from the example above, the best long term approach to trading Binary Options is to increase your chances of winning above the basic 50% chance. This can be generally achieved by using your preferred trading strategy, such as the one offered above, or other more advanced strategies at www.tradesmarter.com.
Happy Holidays from TradeSmarter
TradeSmarter announces new back-office features to its binary options platform.
TradeSmarter announces the deployment of ‘two’ new back-office features to be added to its binary options trading platform.
1. Change of Theme capabilities (similar to wordpress plugin)
2. Retention and Alert functionality
Change of Theme – Our new feature makes it very straight forward to configure aspects of a sites ‘look and feel’ without needing to edit any code. Check out this screen shot of the options panel.
“Simple as changing a panel”
Retention & Alert Functionality – we have implemented a messaging function, enabling admin to send messages to end-users as a group or individually. For example “Hey Joe, we credited your account by $50 bonus”. This Retention Module helps site owner alert and notfiy users in real time.
TradeSmarter Launches its New Binary Options Trading Platform, Bringing with it an Array of Exciting Business Offerings
Online companies can now enter the booming financial gaming world, by taking advantage of TradeSmarter’s new platform and partnership model.
London, UK (PRWEB) August 18, 2009 — Today, TradeSmarter, a leading provider of financial products for the gaming industry launches an innovative Binary Options Trading Platform. The TradeSmarter platform offers a simplified hourly-options trading experience to both the experienced and novice trader, and will enable everyone to speculate on the financial markets.
After the successful beta launch of its first financial game and recent partnership with an online Australian brand, TradeSmarter is now looking to expand into worldwide partnerships. TradeSmarter will provide a turn-key solution, which includes a fully integrated, branded and customized platform, for any online company, trying to enter the financial gaming industry.
The platform itself recently launched its first financial game, ‘Above/Below’. Based upon the selection of a ‘Call’ or ‘Put’ option on any live binary trade option, the game requires the user to simply decide whether the option will close above or below the strike price after one market hour.
“We wanted to build a binary options platform that is sophisticated yet simple and fun. In this era of economic uncertainty, why should the hugely beneficial financial markets belong to a limited few?” stated a TradeSmarter’s CEO Yoni Avital.
This exciting hourly trade option guarantees returns of between 70-75% and the novice trader is never at total risk, with a 10% loss protection across all trades. A variety of trading assets are available to play with; main currency pairs (EUR/USD, USD/JPY, EUR/GBP), important commodities (Silver, Gold, Platinum, Palladium) and popular stocks (such as Apple, Google, Yahoo, Microsoft, Cisco, Jetblue & Citibank).
Trading is currently operating on a virtual basis, to allow the most inexperienced trader the chance to speculate the financial markets freely but soon users will be able to trade and win real currency, at which time virtual currency will remain live on the platform for every trader to enjoy.
Whether a white-label or licensing partnership; TradeSmarter will handle the technology and on-going development, enabling partners to focus their efforts on acquiring new customers. The TradeSmarter platform is therefore an ideal fit for online companies who are looking to take advantage of a booming financial gaming segment at minimum cost.
TradeSmarter Holdings Ltd is a technology and software provider of binary options to the financial trading and financial gaming industries. The company was set up in 2008 by a group of professionals from the gaming, financial and internet industries who wanted to create a new, fun and accessible approach towards binary options and financial trading as a whole.
Short Video that explains what we do :)
Come Meet us at the Amsterdam Affiliate Conference
Come Meet us at the Amsterdam Affiliate Conference (29/4-3/5). If you want set up a meeting or see our binary options platform (live demo) – send us an email to contactus@tradesmarter.com
iGaming Business is thrilled to announce the latest city to host one of our world-famous online gaming affiliate conferences: Introducing the newly re-named Amsterdam Affiliate Conference! — Previously titled CAP Euro: Amsterdam.
The Amsterdam Affiliate Conference (AAC) has opened its admission policy to encourage new affiliate attendees by opening its doors to all iGaming affiliates, eliminating requirements of CAP Forum membership as a prerequisite for free attendance. Likewise, all affiliate programs will be charged the same low rate to exhibit and attend, regardless of their certification membership. Extending its open door policy, AAC invites affiliate forums, affiliate portals and affiliate organizations to join the show.
Financial Gaming: The Evolution of the gaming industry
Financial Gaming Overview
The evolution: Game of chance -> Skill Games -> Financial Betting aka financial gaming – >binary options.
Here are a few of my own thoughts on the evolving financial betting market and the use of binary options. Our current economic environment has given birth to countless new financial gaming sites. Following on from this, a new segment of financial markets has been born.
Online Financial Gaming Background:
Online gaming is a fast-growing industry. Online gaming gross yields are expected to reach $20 Billion by 2010. Initial online gaming activity began with Online Casino operators, who used digit generators to provide games of chance to the player, but online gaming has since evolved. Now players can play skill-based games against each other on international financial markets and also benefit through payoffs which are determined by movements in various financial instruments. Increasingly, we are seeing the emergence of financial gaming as a new, distinct segment in this market.
Binary Options
From five minute NASDAQ bets offered by online bookmakers to hourly Forex bets traded around the clock, binary options are the latest craze to hit the gaming industry in a new form called “Financial Gaming”. Just like spread betting, binary betting allows you to take a view on whether a market is going to go up or down. The key difference and advantage is that from the outset you know your maximum loss and maximum gain. Binary options tend to be very short-term investment products, and most typically expire during a given trading period.
With such a simplified product, you can bet on movements in an ever-widening range of assets: Individual shares, equity indices, commodities and exchange rates. This simplified approach provides a new and exciting way to trade across the financial markets.
Why trade binary options?
The financial gaming segment is attractive for the gaming industry because:
• The player’s high level of interest in financial markets due to current economic uncertainty
• It utilizes a unique mix of entertainment, skill and knowledge from the player
• Any financial loss is known and limited, unlike in Forex or other leveraged trading
• Financial gaming is culturally accepted more that typical online gaming products
• There are high levels of profitability for the player.
Financial gaming involves prediction on real markets and real events that are happening in real life and all can be valued at some point (at expiry); as opposed to game of chance that is based on randomly-generated numbers.
• Games of Chance: A game of chance is a game whose outcome is strongly influenced by some randomizing device and upon which contestants frequently wager money. Devices used include dice, playing cards, roulette wheels or numbered balls drawn from a container.
• Skill Games: Skill-based games allow users to compete for money however their outcomes are based on skill rather than chance.
• Financial Gaming also called Financial Betting Odds: refers to the wagering on the price development of a financial instrument at some later date relative to the current price or level of the instrument, against odds offered by a bookmaker.
This analysis brought to you by: Yoni Avital, Chief Executive Officer of TradeSmarter Holdings, a software developer to the global Internet financial trading / gaming market, has developed proprietary binary trading platform with unique algorithms and architecture which allows partners easy integration for both technology licensing and white label solutions.
Refrences:
Binary Options book by Hamish Raw
Wiki – Binary Options Trading
