Investing.com - Financial Markets Worldwide

US Annualized GDP

ByBinary Options Strategy
Published 01/30/2015, 01:45 AM
Updated 05/14/2017, 06:45 AM
EUR/USD
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US500
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With very little in the way of economic announcements to move the market, we believe that the focus will be on the technical analysis. The one announcement believe that we will be paying attention to is the Annualized GDP numbers out of the United States, anticipated to come out at 3.3% late in the day. Because of that, it may not have as much of an effect as it would if it were in the morning during US trading.

Looking at the silver markets, and we had a very massive selloff during the session on Thursday meaning that we will more than likely see continuation. We find very interesting is the fact that the hammer from the Tuesday session has been smashed through, and we saw the 17.50 level give way to the sellers. With that, we feel that the market should continue to fall, and we believe that rallies at this point in time should be selling opportunities thereby causing us to purchase puts.

The EUR/USD pair tried to rally during the course of the day but found the 1.14 level to be a bit too resistive. With that being the case, the market looks as if it is going to continue to offer put buying opportunities again and again, as we should reach the 1.10 level given enough time. That being the case, we are very bearish and the EUR/USD pair, and will look to the short-term charts in order to buy those puts.

The S&P 500 went back and forth during the course of the session on Thursday, finally finding the bottom of the range. It appears that the market will continue to respect the 1980 level as support, going all the way up to the 2060 level given enough time. With that, we are buyers of calls and believe that this market is in general consolidative, and with that we believe that range playing is the way to go.

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