Looking at the upcoming Friday session, the University of Michigan Consumer Sentiment announcement is probably the biggest announcement that is coming out, and as a result will be the one that we pay the most attention to. You can predict consumer spending habits in the United States, which of course has a large effect on the stock market.

In general, we believe that the US stock markets are representing a significant value at the moment, and as a result we are buying pullbacks via calls on short-term charts. We don’t think it’s going to be easy to hang onto the trade for any real length of time, as it should be considerably choppy on the way out. However, this is exactly what binary options are for, placing during uncertain economic times. With this, we feel that call buyers will continue to make quite a bit of profit on the way higher.

Precious metals look a bit soft yet again, and we believe that gold specifically is going to be the more interesting of the 2 major markets. It is sitting on top of support right now, so with that we are a bit hesitant to start buying puts, but certainly have no reason whatsoever to buy calls at the moment. If we can close below the $1110 level, we feel that the gold markets will offer put buying opportunities going forward. We also think that will affect what happens in the silver market, probably putting bearish pressure on that as well.

It looks as if the US dollar is strengthening, and as a result we are very bullish on a particular currency right now. We are buyers of calls in favor the US dollar, and puts as well depending on the currency pair.