The beginning of the trading week showed us an increase in oil prices, and the stock exchanges of Asia. Binary options signals should be looked for in volatile markets. We and many traders look at the news calendar in order to determine which asset to trade, and which one to look for a signal.
However, there are general trends and trends in the financial markets that help us determine the best assets to trade. Today, when we opened news sites, we saw many reports of the strengthening of Asian exchanges and the rise in oil prices. By examining assets, you can find the dependence (correlation) of these assets with currencies.
Increase of Asian exchanges on February 22
Also, taking into account the many news that come out today in the Eurozone and America, you can choose not only an asset, but also an options strategy and the type of option for trading.
For bidding, we use foreign resources. A trader does not need to know English, it is enough to read the title of the article, and its meaning is immediately clear.
Additionally, the Bloomberg website provides a chart on exchanges. As you can see in the chart below, all Asian indices are in a bullish trend at the beginning of the trading week. We can choose indices as an asset for trading, or we can analyze Asian currencies.
By using binary options strategies on these assets, it is possible to reduce trading risks
When trading binary options, we cannot leave aside the economic calendar. As you can see, there is a lot of news on the Eurozone. You can also see that the indicators are expected to deteriorate. Along with the growth in oil, we expect the euro currency to fall.
Accordingly, we are preparing for a signal for the EURUSD pair. If our predictions turned out to be correct, the price should go down. However, it will be a sharp drop. We will see the strengthening of the US dollar against all currencies.
Let’s also consider that in light of the increase in the shares of Asian exchanges and the strengthening of the dollar, the USDJPY pair should go up.
Tagged with: Binary Options Signals • Binary Options Signals • Binary Options Trading Signals
