Binary traders started the week very nervously on European stock market as Spain Greece fears push Europe stocks lower and bought heavily binary “put” options in all different European stocks. Italian and Spanish stocks with banks dropping sharply lower during Monday;s trading session , as sovereign bond yields skyrocketed amid renewed fears about the future of the euro zone and worries over debt problems in Spain’s regions and Greece. Trading in major Italian banks was suspended for about an hour during the morning after their shares deeply drops, while authorities in Spain and Italy imposed stopping on short selling to calm market volatility.
During the middle of the week binary traders hesitated between gain and losses on European stock markets but kept a nervous attitude amid ongoing problems with the euro-zone debt crisis. Among broader European markets, stocks got an early push from the ECB’s member Nowotny, who reportedly said there are arguments in favor of giving the EU’s rescue fund.
During Thursday’s trading session binary traders have been mainly buying binary “call” options on European markets on heavy volume as European stock markets did a sharp rebound, ending a four-day losing trading after European Central Bank President Mario Draghi pledged to do whatever is needed within the institution’s mandate to save the euro. The Spanish market posted its best daily performance since May 2010, with the IBEX 35 index jumping 6.1% to 6,368.80. Italy’s FTSE MIB index also shot higher, soaring 5.6% to 13,210.04, after closing at the lowest level on record earlier in the week.
The information in the above 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