On Monday, the Cable lost about 40 points
Monthly Halifax house price index fell from 0.0% to 0.1% against the expectations of 0.2%. In the US, the Fed labor market conditions index fell from 3.6 to 3.5.
Today, macroeconomic data may not be expressive and will not support the counter dollar currencies
In the US, no significant news is expected. In April the NFIB Small Business Optimism may fall from 104.7 to 104.0. The March wholesale inventories are expected to be unchanged, -0.1%. In the evening, the head of the Federal Reserve Bank of Dallas Robert Kaplan will have speech. The world media doesn’t inform us of other interesting economic and political news after the elections in France.
How we trade binary?
We would buy Call binary options with 20:00 GMT expiry if a one hour candle closes above the 1.2972 level. If our first target is not reached and the price goes below 1.2910, the first scenario would be invalidated. We would buy Put options if a one hour candle closes below the 1.2910 level.
Target price: 1.2972
Expiry time: 20:00 GMT