Investing.com - Financial Markets Worldwide

Chinese Industrial Production November 13, 2014

ByBinary Options Strategy
Published 11/13/2014, 12:27 AM
Updated 05/14/2017, 06:45 AM
EUR/USD
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US500
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The Thursday session is going to be fairly quiet, with the Chinese Industrial Production numbers coming out month over month being by far the most important announcement. Is anticipated to come out at 8%, and that of course can have an effect on stock markets and the general risk appetite around the world. Because of this, pay special attention to this and we believe that this will be by far the most important thing to pay attention to.

With that being the case, we anticipate that the market will more than likely find the session today to be somewhat technical though. With that being the case, we believe that the EUR/USD pair continues to offer put buying opportunities as we solve the 1.25 level been so resistive yet again during the session on Wednesday. With that being the case, we think that there are still plenty profits to be had buying puts.

The S&P 500 fell during the session on Wednesday as well, but found enough support below in order to turn things back around and form a hammer. Ultimately though, we believe that the S&P 500 will continue to go much higher, so really we look at dips as call buying opportunities as the market certainly cannot be shorted.

The gold markets look absolutely anemic as well, as we continue to consolidate in general just below the $1180 handle. We believe that this market is eventually going to go down to the $1000 level, and as a result we are very bearish of the market and buying puts every time it rallies on the short-term chart. Ultimately, we feel that the market should give us plenty profits over time, and both short and long-term traders alike will continue to make money betting against gold as the US dollar most certainly is working against it as well.

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