Core CPI Announcement: June 18th, 2015
Binary Options Strategy | Jun 18, 2015 02:04AM ET
During the session on Thursday, the biggest announcement that we see is the Core CPI numbers coming out of America. With that being the case, we believe that most of the focus will be on the stock market in the United States, as well as the US dollar in general.
Because of this, we pay special attention to the S&P 500, which had a fairly quiet session before the FOMC announcement. We believe that the market has a proclivity to go higher anyway, so we are buyers of calls every time that the market pulls back. With that, we remain very bullish overall.
Silver markets continue to bounce around, and offer very little in the way of return. However, we believe in the longer-term story when it comes to silver, and therefore are buyers of calls and for that matter, physical silver. In the meantime though, we believe that the market will continue to be attracted to the $16 level. So we will simply buy calls if we drop, or puts if we rise.
Looking at the EUR/USD pair, we continue to be stuck between the 1.11 level on the bottom, and the 1.14 level on the top. We believe that the market ultimately goes higher though, so we certainly prefer buying calls.
Get The News You Want
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.