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BINARY OPTIONS INSIGHTS FOR DECEMBER 1ST 2015

BITCOIN 927.191 00:00 22.01
BITCOIN 925.542 23:00 21.01
BITCOIN 928.606 21:40 21.01
BITCOIN 927.834 21:20 21.01
BITCOIN 929.132 21:00 21.01
BITCOIN 926.861 20:40 21.01
BITCOIN 926.252 20:20 21.01
BITCOIN 925.464 20:00 21.01
BITCOIN 925.128 19:40 21.01
BITCOIN 925.724 19:20 21.01
BITCOIN 928.129 19:00 21.01
BITCOIN 927.638 18:40 21.01
BITCOIN 926.386 18:20 21.01
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By: Adam Stone
December 1st, 2015 08:01am GMT, London UK

Market Recap & Outlook:

Net consumer credit for the month of October out of the United Kingdom decreased to £1.2 billion. Expectations called for no change from the previous month’s reading of £1.3 billion. Net lending securities on dwellings rose to £3.6 billion which matched September’s level of £3.6 billion and was above consensus estimates for a slowdown to £3.4 billion. Lending to consumers totaled £4.8 billion, down £100 million from the £4.9 billion printed in the previous report.

Japan reported an unexpected contraction in housing starts for the month of October of 2.6% year-over-year to 862,000 units. Economists anticipated a rise of 1.3% after September’s increase of 2.6%. Construction orders plunged by 25.2%, well below the expected increase of 3.4% and the previous month’s growth rate of 6.7%. The best online trader reviews show an overweight in put options for the Japanese Yen.

Canada will release its gross domestic product (GDP) for September as well as for the third-quarter of 2015. Expectations call for a level of 0.0% month-over-month and an increase of 0.4% quarter-over-quarter. This would represent a slowdown over the previous report’s growth rate of 0.1% and 0.9% respectively. The year-over-year GDP is called in at an expansion of 2.3% which would reverse the 0.5% contraction reported in August.

Today’s Binary Option Trading Recommendations Overview:

GBP/USD – Binary Call Option
EUR/JPY – Binary Call Option
USD/CAD – Binary Call Option
Platinum – Binary Call Option
EuroStoxx 50 – Binary Put Option

Currency Pairs on today’s Radar Screen:

GBP/USD – The GBP/USD bounced higher from its intra-day low of 1.4993 which was reached yesterday on November 30th 2015. The descending 50 Day Moving Average (DMA) remains below the descending 200 DMA. The Accelerator Oscillator (AC) confirmed the breakout with a spike in positive momentum. The Relative Strength Index (RSI) is trading in overbought territory as a result of the advance from extreme oversold conditions.
GBP/USD Binary Options Insights
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level. The GBP/USD is anticipated to continue its move higher until it can challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in the GBP/USD currency pair on dips below 1.5100 on the H1 Hourly Chart. The upside potential for this binary call option is 235 pips to 1.5335 while the downside potential is 105 pips to 1.4995. This results in a risk/reward ratio of 2.24.

EUR/JPY – The EUR/JPY successfully stabilized inside its horizontal support level and forced a momentum change to positive. The 50 DMA has flattened out, but continues to trade below the 200 DMA which is drifting to the downside. The AC suggests a move higher as upside pressure is accumulating and the RSI is trading in neutral conditions following the move lower from overbought territory.
EUR/JPY Trade Now the Euro
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading below of its 50 DMA and below its 200 DMA. The EUR/JPY is expected to accelerate to the upside. Binary option traders are advised to seek binary call options in the EUR/JPY currency pair on dips below 130.000 on the H1 Hourly Chart. The upside potential for this binary call option is 205 pips to 132.050 while the downside potential is 100 pips to 129.000. This results in a risk/reward ratio of 2.05.

USD/CAD – The USD/CAD is trapped inside of a triangle formation located between its horizontal support level and its horizontal resistance level. The ascending 50 DMA crossed above the ascending 200 DMA. The AC shows a recovery in positive pressure in this currency pair while the RSI is trading in neutral territory after ascending from oversold conditions; a reversal back into overbought levels is expected.
USD/CAD Trading Guide
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its triangle formation with an increase in upside momentum. The USD/CAD is anticipated to drift into descending resistance level from where a breakout is likely to emerge. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.3350 on the H1 Hourly Chart. The upside potential for this binary call option is 85 pips to 1.3435 while the downside potential is 40 pips to 1.3310. This results in a risk/reward ratio of 2.13.

Today’s Commodity Trade

PlatinumPlatinum was able to stabilize after reaching its horizontal support level from where a breakout materialized. The 50 DMA is descending and maintains its posting below the 200 DMA which is moving to the downside as well. The AC indicates a build-up in upside pressure. The RSI is trading in overbought conditions as a result of the recovery from extreme oversold territory which boosted positive momentum.
Platinum Call or Put Options
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level. Platinum is expected to extend its advance in order to test the strength of its horizontal resistance level. Binary option traders are advised to seek binary call options in Platinum on dips below 842.0 on the H1 Hourly Chart. The upside potential for this binary call option is 2,500 pips to 867.0 while the downside potential is 1,300 pips to 829.0. This results in a risk/reward ratio of 1.92.

Today’s Equity Index Recommendation

EuroStoxx 50 – The EuroStoxx 50 is trading inside of its horizontal resistance level from where positive momentum is fading. The ascending 50 DMA is increasing the distance to the 200 DMA which is trending sideways with a positive bias. The AC has formed a negative divergence as the RSI is trading in neutral territory following the drop down from extreme overbought conditions. The best stock trading site suggests the use of binary index options as a risk management tool.
EuroStoxx 50 Index
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level with a build-up in negative pressure. The EuroStoxx 50 is anticipated to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the EuroStoxx 50 equity index on rallies above 3,490.0 on the H1 Hourly Chart. The downside potential for this binary put option is 20,000 pips to 3,290.0 while the upside potential is 8,000 pips to 3,570.0. This results in a risk/reward ratio of 2.50.

Key Fundamental Data:

Japan – Capital spending for the third-quarter surged by 11.2% while capital spending excluding software posted an increase of 11.2% as well. Expectations called for a growth rate of 2.2% and 1.7% respectively which marked an improvement over the second-quarter’s rise of 5.6% and 6.6%. Company profits rose by 9.0% in the third-quarter as sales rose by 0.1% following the increase of 23.8% and 1.1% reported in the second-quarter.
China – The November Manufacturing Purchasing Managers Index (PMI) was reported at 49.6 and the Non-Manufacturing PMI clocked in at 53.6 after being reported at 49.8 and 53.1 in October.
Japan – The final revision for the November Nikkei Manufacturing PMI showed a level of 52.6, up 0.2 points from the previously reported reading of 52.4.
China – The Caixin Manufacturing PMI was reported at 48.6 in November after the 48.3 which was released in October.
Eurozone – Economists anticipate the Irish Investec Manufacturing PMI for November to increase to 54.1 from October’s reading of 53.6.
Russia – The November Manufacturing PMI is favored to drop to 49.3, down 0.9 points from the 50.2 which was reported in the previous month.
Eurozone – Expectations for the Dutch NEVI Manufacturing PMI in November call for an increase to 54.5 from October’s level of 53.7.
Eurozone – The Spanish Markit Manufacturing PMI is set to rise to 51.4 in November from the 51.3 released in the preceding month.
Eurozone – The November Markit/ADACI Manufacturing PMI is favored to increase by 0.4 points to 54.5 from October’s level of 54.1.
Eurozone – Economists anticipate the final Markit Eurozone Manufacturing PMI to be revised up to 52.8 from the initially released figure of 52.3. The French and German Markit Manufacturing PMI’s are expected to match the previously released figures of 50.8 and 52.6 respectively.
United Kingdom – The Markit/CIPS Manufacturing PMI is set to decrease to 53.6 in November from the 55.5 which was reported for the month of October.
United States – Expectation for the final revision to the Markit Manufacturing PMI call for no change from the previously released November level of 52.6.
United States – Economists anticipate the November ISM Manufacturing PMI to increase by 0.1 point to 50.2 from previous month’s reading of 50.1. Prices Paid are called up to a level of 40.0 from the 39.0 reported in October.

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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