Forex Trading Guide: Australia’s May Retail Sales Report


Article source: Piponomics

Can’t get enough of ’em news reports to trade? Here’s another top-tier economic release coming your way in the form of Australia’s retail sales report for May! Hey, that rhymes!

This report is up for release in tomorrow’s Asian trading session and usually generates a strong forex reaction among Aussie pairs then. If you’re looking to grab quick pips off this event, let’s go through our usual Forex Trading Guide routine, shall we?

What is this report all about?

The Australian retail sales report is basically a measure of whether our mates from the Land Down Under are spending or not. Every surfboard, bottle of sunblock, and boomerang that is purchased will be tallied under retail sales. With that, it gives a picture of how the consumer sector is faring and if they made a positive contribution to overall economic growth.

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S&P 500 Index Binary Options – July 2nd 2015

binary options

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Today’s Binary Options Trading Strategy:

Equity Index: S&P 500
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek binary call options on dips below 2,080.00
• Upside Potential: The upside potential for this binary call option is 4,950 pips to 2,129.50
• Downside Potential: The downside potential for this binary call option is 2,500 pips to 2,055.00

The S&P 500 was exposed to a corrective phase which took this equity index from its most recent intra-day high of 2,129.50 reached on June 22nd 2015 to its current intra-day low of 2,055.00 which was recorded on June 30th 2015. Binary option traders who took advantage of equity index option trading are now eying binary call options in the S&P 500. Fundamental data released during the US trading sessions is expected to mix with technical indicators and allow this equity index to advance back into its horizontal resistance level.

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Benefits of Forex Copy Trading


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Forex trading has become all the rage in recent years, but we are still seeing many instances where newer traders are falling to the whimsy of the markets.  The unfortunate reality of this type of mindset is that it usually creates a large number of unnecessary losses, so new traders that are looking to avoid these types of situations will need to find better methods for overcoming these problems.

One of the best methods is to join social trading networks or even to engage in copy trading activities.  To some, this might seem like risky behavior, given the fact that it can be very difficult to know much about the other traders in the network.  Are these traders successful over the long term?  Do these traders employ strategies that actually match your own investment goals?  Are the strategies used too aggressive for my own trading mindset?  These are all critical questions that must be asked before any copy trading techniques are actually employed in the market.

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