Binary Options Asset Insights - August 25, 2016
The markets during the day on Thursday get the German Business Climate numbers, the Core Durable Goods numbers coming out of the United States as well as the Unemployment claims. Because of this, it’s very likely that the market could move in a handful of assets.
DAX
During the course of the session on Wednesday, the DAX initially fell but turned turn right back around to form a hammer. With this being the case, the market looks very likely that the call buyers will continue to go forward. Ultimately, this is a market that has seen quite a bit of support at the €10,400 level, which of course is the area that we broke out above. At this point, it looks as if the call buyers are quite happy.
USD/JPY
The US dollar continues to find support near the 100 level, and as you can see we have bounced during the day on Wednesday. The 100 level is psychologically significant, and it is possible that the Bank of Japan will continue to be a huge player in this market. With this being the case, it’s likely that the call buyers will return again and again.
Silver
Silver markets continue to fall during the day on Wednesday, but the $18 level below was an area of significant breakout recently, as we broke out earlier this summer from there. This being the case, it’s likely that there will be support below, but at this point in time it is likely that put buyers will be encouraged to jump in this market and aim for that level.
Disclosure: None.