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Posts by "davidfx"

4 Posts by member
Davidfx
(Kansas, United States)
Davidfx
Kansas, United States
Posts: 4
12 years ago
Aug 17, 2012 17:36
In Thread: USD
Binary currency market is an exciting conglomerate of emotions, psychology and feelings. Binary trader should be disciplined and aware of his/her weaknesses and strengths in order to be profitable. Binary AUD/USD is one of the most traded currency pairs. It enables the market participants to achieve their goals using different market strategies with different expiry times. Currently, the underlying asset is experiencing a frenzy upside rush despite the fact that the binary gold is closed in tight range for the last 2 months. As it is well-known binary gold is the driving force for the Aussie.
The main question is if the binary options have enough strength to push further higher. The U.S. Dollar index is traded lower which influence the recent weakness of the greenback against its peers. However, it seems that a significant support has been touched currently at 10000. It is possible to find enough binary put option buyers to back the American currency against the Australian peer.
Moreover, current market level corresponds to 70.70% of retracement of the move from 1.0860 to 0.9580. It is not the strongest level. However, the binary traders are paying attention to the signals it gives them. 1.0545 is today`s high. The binary options start retreating trading at 1.0505 at the moment of writing this article.

Potential short-term targets are 1.0465, followed by 1.0405.

Upward targets 1.0600 or 78.6% of retracement.

Source:http://www.binaryoption.com/binary-options-trading-markets/binary-forex-options-trading/will-binary-audusd-be-able-to-continue-upward.html
Davidfx
Kansas, United States
Posts: 4
12 years ago
Aug 16, 2012 15:41
In Thread: EUR
Will Binary AUD/USD Be Able To Continue Upward?

Binary currency market is an exciting conglomerate of emotions, psychology and feelings. Binary trader should be disciplined and aware of his/her weaknesses and strengths in order to be profitable. Binary AUD/USD is one of the most traded currency pairs. It enables the market participants to achieve their goals using different market strategies with different expiry times. Currently, the underlying asset is experiencing a frenzy upside rush despite the fact that the binary gold is closed in tight range for the last 2 months. As it is well-known binary gold is the driving force for the Aussie.
The main question is if the binary options have enough strength to push further higher. The U.S. Dollar index is traded lower which influence the recent weakness of the greenback against its peers. However, it seems that a significant support has been touched currently at 10000. It is possible to find enough binary put option buyers to back the American currency against the Australian peer.
Moreover, current market level corresponds to 70.70% of retracement of the move from 1.0860 to 0.9580. It is not the strongest level. However, the binary traders are paying attention to the signals it gives them. 1.0545 is today`s high. The binary options start retreating trading at 1.0505 at the moment of writing this article.

Potential short-term targets are 1.0465, followed by 1.0405.

Upward targets 1.0600 or 78.6% of retracement.

Source:http://www.binaryoption.com/binary-options-trading-markets/binary-forex-options-trading/will-binary-audusd-be-able-to-continue-upward.html
Davidfx
Kansas, United States
Posts: 4
12 years ago
Jun 18, 2012 18:46
In Thread: EUR
Euro falls after Greek election

Euro falls against dollar after Greek election; Spain's borrowing rates soar above 7 percent

NEW YORK (AP) -- The euro is falling against the dollar even after an election victory for pro-bailout parties in Greece means it's more likely the country will stay in the euro.

Traders are realizing that Europe's debt crisis is far from over as Spain's borrowing rates jump above 7 percent. That's a sign that investors are concerned about the country's finances. Greece, Portugal and Ireland had to seek bailouts after their rates soared above 7 percent.

The euro fell to $1.2584 in afternoon trading Monday from $1.2637 late Friday.

The British pound fell to $1.5654 from $1.5678. The dollar rose to 79.46 Japanese yen from 78.71 yen and to 0.9556 Swiss franc from 0.9504 Swiss franc.
Davidfx
Kansas, United States
Posts: 4
12 years ago
May 26, 2012 17:11
In Thread: EUR

Germany And Greece Play Chicken In Demolition Derby, Euro Smashed

Its the European Demolition Derby. Smash! Crash! Crunch! Whack! Fenders banged up. Radiators steaming. Tires flattened. Greece and Germany are playing chicken. Greece presses down the accelerator and heads for Germany.

If you force us out of the euro, all of Europe will go up in flames, say the Greeks.

Oh, Ja? say the Germans, turning on the speed in their Mercedes, and we wonder which one will lose his nerve? Or will they crash head-on? Nobody knows for sure, but nobody wants to have money in Greek banks, in European periphery banksor even in euroswhen they find out.


Video: Be Like Rockefeller, Get Rich On Dividends
This past week more money leaked out of Greece and out of the euro, which fell to its lowest level in two years as Europe braced for turmoil. One headline said Greece was making plans to withdraw from the euro. The Greeks promptly denied it. You know what they used to say in Soviet Russia: no rumor is confirmed until it is officially denied.

De La Rue, an English company that prints most of the worlds currencies, would not say whether an order for drachma had come through or not.

The big beneficiary of all this capital flight from European smash-ups has been the good ol greenback. How about these May flowers: just this month, the U.S. Dollar Bullish (UUP) ETF has ticked up 4.6%. The Currency Shares Euro (FXE) have tanked 5.5%.

Commodities from top to bottom have been slayed, too. The US Oil Fund (USO), which tracks the price of crude, has been hammered 13.8% lower in May. Crude spilled below $90 last week but bubbled back at weeks end with the West Texas Intermediate flavor fetching $90.72 per barrel.

Metals have been mauled. For the month, the SPDR Gold Trust (GLD) is down 5.7% and iShares Silver (SLV) has been whacked -8.3%.

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