A Binary Option is a type of option in which numbers of people invest to gain more benefit and they are getting also. It can take only two possible outcomes, either some fixed amount or sometimes nothing at all. The news which has released out about binary options is regarding the EUR/USD, GBP/USD and Gold.

The EUR/USD has broke through its support and dropped to 1.1840 on Tuesday. An abrupt sentiment was also seen despite the fact which was that the U.S Factory Orders and Manufacturing PMI came out worse than it was expected. According to today’s FOMC Meetings Minutes report it is likely to be cleared that the pair has decreased ahead. The news for which the traders are eagerly waiting is to see if the Fed would make any comments about the anticipated interest rate hike. The pair may drop as low as 1.1800 if the report is belligerent. However, you could also see a climb up to1.2000.

The release time of EU CPI data will be at 10.00 AM (GMT) and that of the U.S. ADP Non-farm Employment Change will be publishes at 1.15 PM (GMT). This movement was slightly abrupt. The support is found at 1.1840 and resistance is found at 1.1975.

Talking about GBP/USD, it has been continued to trade with abrupt sentiment and it has reached a new 16 month low. Firstly the pair reached a low of 1.5105 but afterwards it recovered to 1.5130. As the negative force has remained strong, so the pair could move even lower. The investors are disappointed due to the recent data detail from UK and they seem to be selling the British Pound.

On 7 Jan, ADP Non-farm Employment Change report that was released at 1.15 PM (GMT) was must to be watched by every trader as it acts as pre data for the Non-farm payrolls report on Friday. The U.S. FOMC report was published at 7.00 PM (GMT). The support is found at 1.5100 and the resistance at 1.5200.

There are variations in the price of Gold. Sometimes it rises high and the next day it falls. This variation in the price of Gold has lead to changes and profit or loss in the business of many business men. On 7th January the price of Gold climbed and it reached to $1,222/ounce. The stock market and the oil prices which have been both falling down have influenced the Gold prices. The price of yellow metal also started to fall back towards $1,210, as the Dollar strengthened. It was expected that the price of Gold will not go below $1.210/ounce as the price of oil continues to decline. But on 8th January during the Asian session, Gold declined and reached a low of $1,205/ounce. Though there was financial instability in Greece and even the oil prices are plummeting the metal is still benefited and the U.S market is strengthened and also the Dollar is climbing. After this everyone is expecting the downwards trend to be continued.

According to the latest updates on 9th January the Gold is ranging between $1,204/ounce and $1,216/ounce. The price of Gold will remain high as the oil is trading below $50/barrel and there will be no further gain as the Dollar remains strong. Yesterday, the traders were eagerly waiting for the clock to show time of 1.30 PM (GMT) because it is the time when the U.S labour data would be released. It was heard that the metal may be pushed towards $1,200/ounce if the data comes out strong. This was advised to the investors that they should keep an eye on stock market as it has been recovering from time to time so they must be careful. The support during these variations was always found at 1,200 and the resistance at 1,222.