Click Now!

Double Touch Binary Options Assets for Oct 6-10: S&P 500, Dow 30

Double Touch Binary Options Assets for Oct 6-10: S&P 500, Dow 30

The strong US employment data released on Friday caused the US stock markets to turn around and start climbing. The S&P 500 gained 1.12% on Friday while the Dow 30 climbed 1.24%, the NASDAQ Composite index was also up 1.03%.

The drop in the US unemployment rate helped the stock markets pick up by fuelling expectations hat stronger corporate earnings will come with a more robust US economy. However, some indexes were hit when news broke of the first diagnosis of Ebola in the US and protests in Hong Kong showed no signs of slowing down.

More positive US economic news is expected in the coming week which should see the indexes continue on their upwards trend. However, there is always the chance that the data released will not be as expected, and it is hard to know how the situation in Hong Kong will end.

A double touch option binary option requires the trader to pick two target prices and it is possible to pick one higher and one lower than the asset’s current price. Since the markets will most probably rise this week, but there is a chance that they could experience some dips, double touch binary options are the perfect trade for indexes over the coming week.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

COMMENTS

comments

Calendar

Recent Tweets