Tuesday will be troubled
The expectations of a rate hike at tomorrow's Fed meeting are so strong not only in the US but also in the world that they will determine the mood of investors today. However, it is believed that Janet Yellen will raise the rate in May, not in March.
In the UK, the separation processes are resumed
The British pound grew by 70 points yesterday, even despite the possible initiation by Teresa May of the Brexit process today. That is, she can use the 50th article of the Lisbon Treaty on the European Union. In the UK, Ireland also intends to secede after Scotland. In Scotland, the first minister Nicola Sturgeon promised to launch the procedure for a new referendum on separation next week. The voting is scheduled for the autumn.
Today, the US NFIB small business optimism index is expected to increase from 105.9 to 106.1. The producer price index (PPI) is expected to grow by 0.1%. The Core PPI can add 0.2%.
How we trade binary
We would buy Call options if the pair GBP/USD goes above 1.2216. This scenario would be invalidated if the pair goes below 1.2145 in which case we would go for Put options with the end of the expiry.
Target price: 1.2216
Expiry time: 21:00 GMT