European shares fell in the start of the week, as Germany criticized the European Central bank plan to lower the region’s sovereign yields through bond purchases. The Bundesbank doesn’t agree with ECB intentions stating that this will bring significant stability risk in the euro-area. As a result DAX index closed the Monday session 0.10% lower at 7033.68, losing its initial gain to 7086.22. The French CAC 40 dropped 0.22 to 3480.58, while the U.K FTSE 100 lost 0.48% to 5824.37.
Overseas binary options on U.S. indices remained flat amid lack of economic events. The only notable thing during the U.S. session was Apple, which became the most valuable company in the history. Yesterday Apple has reached new all-time high at $665.15 per share. Binary traders made big profits buying Apple “call” options on Monday and is expected to be very attractive in the following sessions. Among the market indicators, S&P 500 and NASDAQ Composite remained unchanged at 1418 and 3076.21, respectively. In the same time Dow Jones Industrial Average dropped 3.5 points to 13276.75.
This morning binary options on Japanese stocks duplicate the yesterday’s trading – initial advance followed by sharp drop in the last minutes. Nikkei 225 closed 0.16% lower at 9156.92, while TOPIX 500 marked negligible gain adding 0.26 points or 0.04% to 595.50.
Binary EUR/USD options continued to trade in very narrow range. Today firs support remains at 1.2250, while intraday resistance is seen around 1.2375. Break above the latter will move the target on 1.24 and the one month top at 1.2445. On the upside above 1.2450 binary investors should expect resistance far away around the psychological 1.27, which is a good opportunities for call/touch up options. On the opposite direction break below 1.2250 will move the target on 1.2130.
The broad index has reached new fresh four month high at 1418. Today market participants should expect attack of the 4 year top at 1422. Binary option traders should watch for political statements concerning further stimulus programs, because lately this is the major factor that shakes market averages. On the downside first support is expected at 1390, followed by 1380 and 1355, while on the upside main target is 1422.
The German index broke successfully above the psychological level of 7000. Today binary option investors should watch for reversal back to 7000 or further advance towards 7110. On the on the downside strong support is seen at 6900, followed by 6840. On the main target is the top at 7217.
The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.