July 6th Binary Options Asset Insights

During the day on Wednesday, we get several announcements that could move markets. We get Trade Balance coming out of the United States, which quite often affects the stock market. We also get ISM Nonmanufacturing PMI numbers, and the FOMC Meeting Minutes. With this, there will be likely a lot of interest in the United States.

US Dollar Index

The US dollar in general rose during the day on Tuesday as fear continues to be a constant in the market. With this, there’s a bit of a “safety bid” to the US dollar, and as a result it looks as if the call buyers are still very much in control at this point in time.

Chart 1


Gold markets initially fell during the day on Tuesday but found the $1340 level supportive enough to turn things around and form a hammer. With this, it looks as if the market is going to continue to go higher, as call buyers seem to be very comfortable in the precious metals space. It looks as if all buyers will return again and again to this marketplace as the bullish trend looks very healthy.

Chart 2


The one place where the US dollar has been falling a bit during the course of the day on Tuesday is in the USD/JPY market. However, there are concerns that the Bank of Japan could possibly intervene, pushing this market higher. Because of this, sooner or later call buyers could get involved. At this point in time though, put buyers are most certainly playing a dangerous game.

Chart 3

Disclosure: None.

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