BinaryOptionsNow – Federal Reserve Chairman Ben Bernanke’s highly anticipated speech at the economic conference in Jackson Hole, Wyoming on Friday at 14:00 GMT is widely viewed as the most important economic and financial event of the week. Since Bernanke announced the introduction of the Fed’s second round of quantitative easing at last year’s Jackson Hole conference, there is much speculation about the possible announcements this year.
Will Bernanke announce a third row of Quantitative Easing (QE3)? Will he extend QE2? Or will he make an argument for maintaining the status quo?
While the content of Bernanke’s speech is still unknown, one thing is exceedingly clear – whatever happens this is an excellent time to invest in binary options.
Whether the markets go up or down, periods of aggressive market volatility are always prime moments for profitable binary options trading.
If, for example, Bernanke’s announcement satisfies markets and restores confidence in the US economy, the dollar will be positively impacted and immediately gain grounds against Euro. Therefore it would be a wise choice to invest in a “Put” EUR/USD Binary Option with a short expiry time.
If, on the other hand, Bernanke’s speech disappoints markets and results in a bearish impact on the dollar, then it would be a wise choice to invest in a “Call” EUR/USD Binary Option as the dollar will lose value vis-à-vis the Euro.
As you can see, the upcoming spike in market volatility being generated by Bernanke’s speech provides excellent opportunities to profit using Binary Options – whether the market is rising or falling. So if you want to profit on the upcoming market movements, be sure to use a Binary Option broker that provides a high return to maximize your profit. We recommend Banc de Binary, because it currently offers the highest returns of all binary options brokers.