Binary Options Asset Insights - Friday, January 6
Today is the US Nonfarm Payrolls announcement, so most of the session will be quiet. However, the market will eventually pick up volatility, and with this announcement we are watching the following 3 assets:
Gold
As gold markets have rallied over the last several sessions, put buyers will be looking for signs of exhaustion to get involved. The $1200 level above should be massively resistive, and very attractive to the put buyers going forward.
DAX
The German index set still on Thursday, just as it did on Wednesday. The market has recently broken out though, and as a result call buyers will be looking at pullbacks for potential value in order to continue the longer-term trend to the upside. It looks as if the €11,400 level below is currently offering huge amounts of support.
USD/CHF
The USD/CHF pair fell on Thursday, but we have seen so much in the way of bullish pressure in the US dollar that it makes sense that somewhere near the 1.01 level call buyers may reenter the market as it looks supportive. Certainly, the parity level is as well.
Thanks for sharing.