After yesterday’s signals for trading EURGBP and NZDUSD options, we can see that proper preparation for trading can bring more profit than trading without preparation. Our forecast worked 100%.
Binary options
EUR/USD continue to be in a bearish trend, identifying new lows.
Today we advise you to use strategies up to 1 hour and look for signals only in a downtrend.
Trading on the news can bring high results to traders today. Trading signals can be searched by GBP and USD.
The main news coming out on these currencies should greatly affect the intraday movement of currencies paired with GBP and USD.
GBP UK Services PMI
The Chartered Institute of Procurement and Supply (CIPS) Services PMI measures the level of activity of purchasing managers in the services sector.
Any values above 50 indicate expansion, while values below 50 indicate contraction.
. He points to well-being in the service sector in the UK. Traders take a close look at these studies, as purchasing managers usually get early access to their company’s performance data, which can be a leading indicator of the overall health of the economy.
Higher-than-expected readings are seen as a positive/bullish GBP direction, while lower-than-expected readings indicate a negative/bear market for GBP.
USD US ISM Non-Manufacturing PMI
The Institute for Supply Management (ISM) Services PMI (also known as ISM Services) reflects service activity over the previous month.
Any values above 50 indicate expansion, while values below 50 indicate contraction.
It has less impact on GDP than the Manufacturing Activity Index (ISM).
Higher-than-expected readings are seen as a positive/bullish direction for the USD, while lower-than-expected readings indicate a negative/bearish market for the USD.
Currency is not the only binary asset to trade, although it is one of the most popular
We advise all traders to pay attention to indices : Dow 30, S&P 500, Nasdaq 100, DAX and others. Both in Europe and in America.
By studying the consolidation between indices and currencies, you can build a weekly plan for trading binary options, having determined in advance which binary signals to look for and which ones to trade.
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