How to Avoid Binary Options Scam Brokers
Over the last few years, there has been a rapid and huge expansion in the global economy and so Binary Options Trading has become important more than ever. It is true that binary trading is one of the most lucrative business options in the market nowadays and that is why a large number of people regularly invest money in this trade and earn […] Read More
A false breakout
Today some of us believed the eur/usd pair would go higher and put their money on it. But of course, this was not true as we could see. It was a false breakout. Among the binary traders I am sure there are a lot of Forex traders and you know what a false breakout is. If you are also familiar with the RSI indicator, you could see it already signaled overbought conditions […] Read More
The Sentix Investor Confidence Index
Well, last week the Euro dropped a lot, but today we just had an approximately 50 pip range, very slowly moving upwards. Sometimes, Mondays can be like this and price just stalls, without strong movement.
Of course, the slow movement today was caused also by the lack of data being released by the major economies of the world. In the days to come, it is possible to see more downward […] Read More
Business Outlook Survey
The strong level of support at 1.2290 was broken today as the Euro continued to drop.
A test of this level is likely to come before heading for the next important level of support, at 1.2150
Canada released their numbers at 1.30 pm GMT. The good data contributed to the strengthening of the USD as the Canadian and US economies are highly correlated:
Building Permits: 7.4%, previous -4.4%, forecast 0.7%
Employment Change: […] Read More
Today was the perfect day for a Straddle Strategy on EUR/USD as it moved a lot in one direction. This strong move was expected due to the big amount of important data being released today, but the direction was harder to spot for traders.
The Official Bank Rate for the GBP was the first important data released in the day but was left unchanged, as expected. The Minimum Bid Rate for the Euro […] Read More