Binary Options Daily Analysis: Euro Gaining Ground this Morning

USD

The dollar has been one of the biggest movers in the past few hours of trading today. Traders are diversifying their trading portfolios. The dollar has slipped versus the Aussie, but made impressive gains vs. the pound. There will be a good amount of economic data from the leading economies during today’s trading session. Therefore, you will need to follow this very closely as it is published from the news wires.

EUR

The euro has been one of the biggest gainers this morning. It has not been able to make the gains which traders were hoping for versus the dollar. The euro has made inroads into h eyen and the pound this morning, as there is a lot of risk sentiment in the markets. Traders feel like taking some risks due to the ability make high returns from each trade. It may be that the euro will continue building on tis gains later, so be aware.

JPY

The yen has been one of biggest losers this morning. Investors have been determined to sell the yen this Monday, as there is risk appetite for the currency. This is largely due to traders ditching haven currencies. However, it needs to be understood that there will be much economic data published from the leading economies is later, so make sure you re up to date was all the developments as they are released from the wires.

There has been a lot of movement in the leading global stocks in the past week or so. Traders feel that it is worth it for them to take risks when it comes to the leading equities. This is after the leading global economies published much positive economic data. The U.S. seems to be leading the world into a consistent economic recovery.

The U.S. and New Zealand data later this afternoon will be key in driving the NZD/USD forex binary option.

Crude Oil

Crude oil has been one of the favorite assets to trade among binary options traders. They have been in favor of trading risks in the markets as of late. This is a factor which we have seen since the beginning of last weeks’ trading session. It can be said that it is good to see investors very positive. However, they need to take into account that there are many risks in the markets these days. As a result, you will need to be very cautious while trading the crude oil binary option. This is very if the signs from the markets are clear. Traders are still buying into cud, as there foresee additional gains this Monday.

EUR/USD

The dollar is in very high demand today, as investors feel like it is the time to go log on the greenback. This is following the optimistic data we saw from the U.S. last week. Moreover, there was also a U.S. stock market rally on Friday, which seems to be lending the EUR/USD a helping hand.

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Jonathan Millet


Chief Market Analysts at simtx.com. Analyzing global political and financial dynamics are his specialties. With over 10 years trading experience, Jonathan brings his market expertise to global traders.
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