› Weekly Binary Options Review (Dec 25 - Dec 29)

Weekly Binary Options Review (Dec 25 - Dec 29)

Despite financial markets remaining quite static since liquidity temporarily moved away, the week between the Chrismas and New Year holiday still recorded remarkable movements of some assets.
In this article, we would like to present the review of the binary options market during the period from Dec 25 to Dec 29, targeting the prospects of major instruments.

Dec 25 was a rest day of course, therefore, most of the financial assets traded on the defensive.
However, Bitcoin was an exception.
Transactions were still very buoyant, making it fluctuate all day Monday.

Tuesday this week saw the Bank of Japan enter the spotlight to talk over monetary policy.
As widely expected, President Haruhiko Kuroda continued to be persistent with his ultra-dovish monetary settings and gave no hints about tightening plans. Nevertheless, the Greenback – Japanese Yen found itself slightly declining instead of rising as USD bears were coming back into the fray.

Wednesday continued to witness the US Dollar’s deterioration aggravated by the U.S. CB Consumer Confidence report, which sharply descended to 122.1 from the previous announcement of 128.6, dissipating all economists’ expectations for an inconsiderable decrease.
Most of the USD - cross currency pairs headed lower after the figure was confirmed, while Gold prices immediately got a lift.

Not surprisingly, the US Dollar bearish side was getting more and more aggressive on this Thursday as the U.S. Unemployment Claims data held steady at 245K versus analysts’ prediction that it would drop to 240K.
The flagship anti-fiat asset’s rally was accelerated, in contrast with the USD – currencies trading lower on the news.

By the end of the week, there were no economic data releases broadcast.
The Greenback continued to be pushed lower versus its G10 FX counterparts.
Meanwhile, the most famous cryptocurrency seesawed around $14,413 all day Friday after spending two days falling.


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