EUR/USD: The currency pair continues to lose ground with 1.2897 minor resistance intact. What is move is that even a deeper decline is expected in EUR/USD. If a Break of 1.2796 takes place it would affirm the case that whole decline from 1.3710 is resuming. If this scenario comes true then EUR/USD should drop through […]
EUR/USD Intraday bias is on the downside after the value of binary options on EUR/USD clearly broke below 1.2922. Further decline is expected with next target and first support at 1.2835. A price movement below that level would lead the price towards the lowest level of the year at 1.2793. A clear break and daily […]
EUR/USD The trend was extended after the value of binary options on EUR/USD finally broke below the key 1.30 handle. Trading is now situated below the zone a further declines are expected. As a first support level could be projected 1.2910. A clear break below it will lead the price towards 1.2888 first and 1.2836 […]
EUR/USD The value of binary options on EUR/USD is still moving above 1.30 mark but new decline is expected. The bearish trend is still intact and a clear break below 1.2990 will confirm negative outlook and extend the trend towards 1.2836 first and 1.2793 after that. First resistance is still at 1.3080 followed by 1.3113. […]
EUR/USD Intraday bias is slightly on the upside after the value of binary options formed a temporary low at 1.3058. Some corrections could be seen before new wave on the downside. Bearish trend is still intact and recent rise should be limited below 1.3250 minor resistance level. In case of a break above it bias […]
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What Are Binary Options
By definition, a binary option is a type of digital option where the payoff is a fixed amount of money if the option expires ‘in the money’, or a small percentage of your initial investment if it expires ‘out of the money’.
Now, for an example. Let’s say Google is currently priced at $525 and I believe that the price will rise to around $528 in 30 minutes. I could place a ‘call’ which means I believe it will go up, and then wait between 30 minutes to one hour depending on when the option I chose expires.
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Trading Binary Options Using Economic Indicators
Economic indicators, as defined in the United States, are a series of numbers and statistics that give viewers some insight into the health of the U.S. economy. Generally calculated and released monthly by the U.S. Census Bureau, they are a broad, wide-reaching set of numbers ranging from new home sales and consumer spending to monthly estimated gross domestic product (or GDP). The release of this information usually tends to have an affect on most equity and derivative markets, as the overall economy is a large part of how those assets are priced.