(Video length 00:02:19)

During the session on Friday, we have the Nonfarm Payroll Announcement coming out of the United States, which of course will move the markets rather strongly. However, a lot of the time we simply get a lot of shuffling, which means that ultimately most of the markets won’t change much.

1 – With that being the case, we are looking for short-term opportunities in various markets when they get a bit overextended. It’s quite common that knee-jerk reactions are faded, and as a result, if the market gets a little too ahead of itself in its reaction, we believe that it will offer a trading opportunity in the opposite direction. For example, if the EUR/USD pair rapidly ascends towards the 1.1350 handle, on the first signs of weakness, we believe that it offers a put buying opportunity. On the other hand, you may see the GBP/USD pair rise rapidly as well, but as that market is in a downtrend overall, it should offer a put buying opportunity sooner or later.

2 – Ultimately, we believe that the longer-term trends will continue, and as a result this jobs number could be the catalyst to settle some of the nerves of that we have seen in the marketplace. However, you have to keep in mind that the average session during the jobs number announcement is very volatile, see you will have to keep your trades of the shorter-term variety. Some traders will feel more comfortable just simply stepping away for the session, but one of the best parts of binary options trading is that it gives you the ability to trade for very short-term moves, with a fixed amount of risk ahead. With that, this could be the perfect trading opportunity if you are nimble enough.