Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Chinese Industrial Production November 13, 2014

ByBinary Options Strategy
Published 11/13/2014, 12:27 AM
Updated 05/14/2017, 06:45 AM
EUR/USD
-
US500
-

The Thursday session is going to be fairly quiet, with the Chinese Industrial Production numbers coming out month over month being by far the most important announcement. Is anticipated to come out at 8%, and that of course can have an effect on stock markets and the general risk appetite around the world. Because of this, pay special attention to this and we believe that this will be by far the most important thing to pay attention to.

With that being the case, we anticipate that the market will more than likely find the session today to be somewhat technical though. With that being the case, we believe that the EUR/USD pair continues to offer put buying opportunities as we solve the 1.25 level been so resistive yet again during the session on Wednesday. With that being the case, we think that there are still plenty profits to be had buying puts.

The S&P 500 fell during the session on Wednesday as well, but found enough support below in order to turn things back around and form a hammer. Ultimately though, we believe that the S&P 500 will continue to go much higher, so really we look at dips as call buying opportunities as the market certainly cannot be shorted.

The gold markets look absolutely anemic as well, as we continue to consolidate in general just below the $1180 handle. We believe that this market is eventually going to go down to the $1000 level, and as a result we are very bearish of the market and buying puts every time it rallies on the short-term chart. Ultimately, we feel that the market should give us plenty profits over time, and both short and long-term traders alike will continue to make money betting against gold as the US dollar most certainly is working against it as well.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.