Daily Market Analysis 6th January,2015

Reading Time: 1 minutes

Daily Market Analysis 6 January 2015Good Morning,

Yesterday brought a whirlwind of market drops starting off with Crude oil, which seems to be making the headlines today, as it continues to plummet. Making it harder for economists to shed positive feedback on this commodity it seems that a start like this will make for a tough year ahead. Rumor has it that investors are looking at a dismal $20.00 per barrel in the coming months. Ouch!

Further drops in the market this morning are Apple stocks. Traders see a 6% drop and this could as well be a sign of continuous weakening for the remainder of this month. A bullish turn is a result of investors increasing Apple prices to target much higher levels.

More gloom to report in the EURO news, which is leaving traders perplexed this morning, after reaching an all-time low in a 9 year rally against the USD. This comes about by threats from Greece looking to pull out of the shared currency. Whereas the USD reached its sturdiest in nine years with the Federal Reserve moving toward increasing interest rates. The USD is also strengthening on the back of the wearing oil price.

My Calls for the day are focused on the USD/EUR. On the other hand a strengthening JPY, owing to the release of Japans monetary base maintaining the forte of the JPY, a PUT is in order when trading the USD/JPY.

Tip Of The Week – Never risk more than 5% of your total trading account, overexposure can lead to devastating losses.

Happy Trading!!!


Start Trading With One Of Our Recommended Brokers

Broker Bonus Rating Review Open Account
GOptions Up to 100% 95/100 Review Visit Broker
OptionBit Up to 100% 90/100 Review Visit Broker
24Winner Up to 150% 90/100 Review Visit Broker
Follow me

Jason B Kruger

Professional Trader at WhyOptions
Jason B. Kruger is a Professional Trader & Chief Editor for WhyOptions.com, who is considered ‘The Authority’ on Binary Options Trading Strategies, Reviewing Brokers,Providers and their Products.
Follow me

Latest posts by Jason B Kruger (see all)

Tagged with:

Binary Options Trading carries a high degree of risk to your capital. Please ensure you fully understand the risks before you start trading,and if necessary seek independent advice. Whyoptions advises its clients to read carefully the terms and conditions of each broker before opening an account. Copyright © 2014. All Rights Reserved - Whyoptions.com