Binary Options Asset Insights For August 4, 2016
During the day on Thursday, we get the interest-rate announcement coming out of Great Britain, as well as the inflation report. We get the Monetary Policy Summary coming out of the UK as well, followed by Unemployment Claims in the United States.
Silver
The silver market fell just slightly during the course of the session on Wednesday, as we touched the highs. This market will more than likely offer value below and call buyers will be attracted based upon that theory. After all, the market has been very bullish for some time now, and it looks as if the call buyers are still very much in touch with the marketplace.
WTI Crude Oil
The WTI Crude Oil market bounced slightly during the day on Wednesday, but put buyers are very much in control of this market to one would have to think they are simply waiting to see some type of exhaustion in order to buying puts yet again.
USD/CHF
The US dollar rallied against the Swiss franc during the course of the day on Wednesday, bouncing off of the 0.9650 level below. Because of this, the market should continue to go higher based upon enthusiasm by call buyers. We are bit over sold at this point in time, so it would not be surprising at all to see this market continue to attract call buyers until we get to the 0.98 handle.
Disclosure: None.