Binary Options Asset Insights - October 25, 2016

During the day on Tuesday, we get the German Ifo Business Climate numbers coming out, as well as the Consumer Confidence number coming out of the United States. With this, we look at the following 3 assets as they should be movers:

WTI Crude Oil

The WTI Crude Oil markets fell after initially trying to rally on Monday, but as you can see we are starting to see some word right around the $50 level. With this, a supportive candle could signal that we’re going to continue to try to grind to the upside. Overall, it looks as if we are consolidative, but it seems to have a bit of an upward bias.

Gold

Gold markets rally during the day on Monday, as we continue to see quite a bit of upward pressure. After the St. Louis Federal Reserve Pres. James Bullard suggested that only one interest-rate hike was needed, giving metals traders a little bit of confidence going forward. With this, a break above the $1275 level could send the call buyers reaching towards the $1300 level above.

DAX

During the day on Monday, the DAX was trying to break out and reach towards fresh highs. If the Business Climate numbers come out with a strong number, that could send the call buyers forward and really liven up this market.

Disclosure: None.

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