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Binary Options Market Review

By: Amanda Castle, GOptions London UK


Finland officially declared Bitcoin no longer a currency. Bitcoin will be used and valued as a commodity. Offering the ability to purchase goods and services but any income generated via capital gains is taxed. Paeivi Heikkinen, head of oversight at the Bank of Finland, states that ”Since Bitcoin is not an official currency, and also not bearing an issuer responsible for its operation, it also could not be declared as a form of payment instrument.


At this stage it’s more comparable to a commodity with the guidelines on how to treat it financially.” Across the world different countries are deciding how to treat Bitcoin. Scandinavia and Norway have also declared it as a non-currency, China has banned the use of Bitcoin, and Germany proposed it as private money. For the USA, The Internal Revenue Service has still not given specific guidelines as to how to proceed federally with the ”currency”, and individual states are also meeting to discuss the handling of Bitcoin. The New York State Department of Financial Services is holding a hearing on virtual currencies at the end of January.

Binary Options Trading Ideas

Binary traders may be longingly looking back at the closing days of 2013, when oil was trading above $100 and seemed to be gaining steam by the day. The expected Santa Claus Rally, coupled with American oil refineries taking advantage of end-of-year tax breaks – purposely limiting delivery quantities – artificially pushed up the price. Two weeks into the new year and the commodity is having trouble staying above $93, weak US demand and strong output of supplies from OPEC seem to be the main culprits. However, Monday’s report from Iran’s Oil Minister indicate the Country is basing its annual budget on oil selling for above $100 and further suggested OPEC would limit production to insure the price remains in the triple digits. Rebounding from a six-week decline in US crude inventories is paramount to that effort, though seasoned traders expect the decline to continue for at least another week.

GOptions Daily Review From Johnny Fox


Across the board low volatility is prominent, and will continue to be until 2014. Though just a heartbeat away, binary option traders can still turn this situation to their advantage and secure in profits before the new year even begins. A stagnant trend on any major asset is not, at first glance, an exciting image, however this situation does present excellent opportunities for experienced traders. Among the best assets to keep in mind; EUR/USD, EUR/JPY and USD/JPY, during usual trading days these assets would be the top movers, in this situation the same is true.


With the USD/JPY at a record high, several long term trades can offer low risk with high potential for returns. After reaching 2 year highs late last week, the EUR/USD is testing new territory with a push passed 1.38, last encountered in October. Traders should look for support at 1.3727 the daily low, and support at 1.3891 the previous sessions high.

Adam Schmidt Daily Analysis for Binary Options

The euro was steady against the U.S. dollar on Friday, ahead of the release of German business climate data later in the day

The yen weakened slightly in early Asian trade on Friday, carrying over choppy trade on the bullish monetary policy implications of a surprisingly strong weekly U.S. jobless claims report.

Gold prices fell in Asia on Friday in a continuation of sentiment that the Federal Reserve will move relatively soon to taper its USD85 billion bond-buying program following upbeat initial jobless claim figures.

Adam Schmidt Binary Options Analysis

Starting this week with a strong move in our commodities market. We saw Oil take a dive and during that slump there was and remains a great opportunity to follow the bearish trend

Gold also hitting some historic lows, although Gold remains a much stronger asset and a stabilizing move is to be expected soon. As much as I like Gold I think it is best to stay away from this week

USD/CAD edged higher still this week and continue burning the same path

Amanda Castle From Goptions Tells It


DOW JONES opened lower on Tuesday by .31%. Comments by Federal Reserve official dampened expectations for the central bank to begin tapering its bond buying program before the year end.


Gold opened higher today, we will wait for the European Central Bank meeting later today and the October jobs report out of the U.S., which is scheduled to be revealed this Friday.


Corn holding a 3 year low! Holding the lowest levels since August 2010, and being in downward trend for recent weeks, favorable weather conditions in key corn-growing states in the U.S. allowed farmers to accelerate the pace of the harvest. Expectations this year’s corn harvest in the U.S. will be the largest on record.

Amanda Castle – Coffee Report – Goptions Market Review

Coffee at a 4 month low. Coffee prices trading near the lowest level since March 2009 as favorable weather in top grower Brazil added to concerns over ample global supplies.


Natural Gas lowed about 2% on Friday for a four week low. Market participants continued to focus on weather forecasts to gauge the strength of demand for the fuel. Natural gas will hold a low since October 4th today.


EUR/USD- The EUR holds low against the USD today as traders will anticipate the European Central Bank meeting this week.

Suzanne Robinson – Goptions Review Of Markets


Hello to all you Binary Traders out there,


Lets kick off the week with Gold, gold prices hit a the lowest level since mid October on Friday. Gold is likely to find support at USD 1.273.80 and resistance 1.327.30. Gold traders need to be focusing on the U.S data reports to gauge if they will strengthen or weaken the case for the FEDs to reduce it bond purchases.


Now lets turn to the currencies as always the USD is in the spot light, reaching yet a again a low against all the major currency pairs.

In response to that the EUR/USD did finally move away from its six week low.



The pair is expected to find support at 98.10 and resistance at 99.15 all traders I advice you keep a close tab on global economic news for further guidance in the pair.

Suzanne Robinson GOptions Market Review

Good Morning,

EUR/USD moved once again below 1.3800, confirming the inability of the longs to drive the action higher. I would expect the downward wave to continue, maybe to test once more February’s highs at 1.3706. Both momentum indicators continued their downward path, enhancing the scenario for the continuation of the pullback. However, the rate is still trading above both the moving averages, so I would consider any downward move as a retracement for now. On the daily chart, a long term uptrend remains in effect.

USD/JPY confirmed our worries and on Monday rebounded at the 97.00. Yesterday the price touched the resistance at 97.78 and moved slightly lower. In my opinion, the bears might drive the rate further down to test once more the strong support at 97.00. Both oscillators lie near their neutral levels, not giving any clues for the forthcoming wave. However, the bias for now remains to the downside, since the price is moving within a short-term downward slopping channel.

Gold was little changed ahead of the Fed policy meeting this week, though prices did settle a tad off from the five-week high notched on Friday.

Johnny Fox Goptions Review of the Market

U.S. crude prices have been on a downward trend in recent weeks amid concerns the recent U.S. government shutdown created a drag on economic growth and eroded demand in the world’s largest oil consumer.  Crude oil inventories in the U.S. rose by 5.2 million barrels last week to hit 379.8 million, the highest level since June 28.


Crude oil futures swung between small gains and losses on Monday, as investors awaited the release of U.S. economic data later in the day to determine the impact of the government shutdown on the demand outlook and on the Federal Reserve’s stimulus program.


Oil futures were likely to find support at USD95.95 a barrel, the low from October 24 and resistance at USD100.29 a barrel, the high from October 22.


Oil traders have closely been looking out for U.S. data reports recently to gauge if they will strengthen or weaken the case for the Federal Reserve to reduce its bond-purchasing program.  Investors looked ahead to the Fed’s upcoming policy meeting later in the week, amid expectations that the central bank will delay plans to start tapering stimulus until well into next year.


Official data on Friday showed that U.S. core durable goods orders declined for the third consecutive month in September, while another report showed that U.S. consumer sentiment fell to the lowest level in almost a year this month.


The disappointing data underlined expectations that the Fed will maintain its stimulus program amid concerns over the impact of the 16-day U.S. government shutdown on the economic recovery.