June 11th Binary Options Asset Insights

With almost nothing moving the markets due to economic calendar events on Monday, we will focus on the number from Friday. The United States added 270,000+ jobs during the previous month, and as a result will have an influence on the following three markets, thereby having us pay attention.

Gold

The gold markets initially fell during the day, in reaction to the stronger than anticipated jobs number in America, as the US dollar strengthened. However, by the end of the day we ended up turning right back around in forming a hammer. This suggests that the call buyers are very much interested in this market still.

Chart 1

 

USD/CAD

The USD/CAD pair rose during the course of the session on Friday, as we continue to find plenty of buyers of calls just below. The jobs number in America was stronger than anticipated, while the Canadian jobs numbers were worse. Because of this, you can see that the market is approaching resistance yet again.

Chart 2

 

NASDAQ 100

The NASDAQ 100 broke higher during the course of the session on Friday, approaching the previous resistance barrier. It looks like a market that is attracted a lot of call buying, and therefore it's very possible that they will be continuing their pressure as the jobs number was so strong.

Chart 3

 

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