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BINARY OPTIONS INSIGHTS FOR DECEMBER 3RD 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 3rd, 2015 8:15am GMT, London UK

Market Recap & Outlook:

The producer price index (PPI) out of the Eurozone for October posted a contraction of 0.3% month-over-month and 3.1% year-over-year. Consensus estimates called for a bigger decrease of 0.4% and 3.2% which would have matched the previous month’s downward revised contraction of 0.4% and 3.2% respectively. The Euro remained stable following the better-than-expected deflation report on the producer level.

The ADP report out of the United States for the month of November showed 217,000 private sector job additions which provided a boost to the US Dollar amid hopes for a strong non-farm payroll (NFP) report for November which will be released on Friday. Adding to the positive surprise was the upward revision to October which now reflects the addition of 196,000 private sector jobs. Expectations called for 190,000 jobs for November.

The United Kingdom will release its November Markit/CIPS Composite PMI as well as its Markit/CIPS Services PMI which are expected to show a level of 55.0 for both respectively. This would mark a slowdown over the previous month’s reading of 55.4 for the Markit/CIPS Composite PMI and an increase over the 54.9 for the Markit/CIPS Services PMI. Internet trading has given access to financial markets to literally every trader on the planet and the number keeps growing.

Today’s Binary Option Trading Recommendations Overview:

USD/JPY – Binary Put Option
EUR/USD – Binary Call Option
EUR/GBP – Binary Put Option
Silver – Binary Call Option
DAX 30 – Binary Put Option

Currency Pairs on today’s Radar Screen:

USD/JPY – The USD/JPY started to lose upside momentum after receding from its newly formed horizontal resistance level. The ascending 50 Day Moving Average (DMA) remains above the advancing 200 DMA. The Accelerator Oscillator (AC) points towards the build-up in negative pressure while the Relative Strength Index (RSI) is trading in neutral territory following the breakdown from extreme overbought conditions.
USD/JPY Binary Options Insights
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The USD/JPY is anticipated to accelerate to the downside. Binary option traders are advised to seek binary put options in the USD/JPY currency pair on rallies above 123.150 on the H1 Hourly Chart. The downside potential for this binary put option is 90 pips to 122.250 while the upside potential is 40 pips to 123.550. This results in a risk/reward ratio of 2.25.

EUR/USD – The EUR/USD reversed direction after reaching its most recent intra-day low of 1.0551 yesterday on December 2nd 2015. The 50 DMA is moving to the upside and narrowing the gap to 200 DMA which is drifting lower. The AC indicates the accumulation in positive momentum as the RSI is trading in neutral conditions after reversing from oversold territory which added to the increase in upside pressure.
EUR/USD Trade Now the Euro
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level, but below of its 200 DMA. The EUR/USD is expected to extend its advance until it can challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/USD currency pair on dips below 1.0615 on the H1 Hourly Chart. The upside potential for this binary call option is 75 pips to 1.0690 while the downside potential is 35 pips to 1.0580. This results in a risk/reward ratio of 2.14.

EUR/GBP – The EUR/GBP spiked into its horizontal resistance level from where positive pressure is being depleted. The ascending 50 DMA maintains its position above the ascending 200 DMA, and the distance between the two moving averages is increasing. The AC suggests a price action reversal as momentum is reversing from upside to downside. The RSI is trading in overbought territory as a result of the collapse from extreme overbought conditions.
EUR/GBP Currency Pair
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading just below of its horizontal resistance level with an increase in negative momentum. The EUR/GBP is anticipated to enter a counter-trend move to the downside. Binary option traders are advised to seek binary put options in the EUR/GBP currency pair on rallies above 0.7080 on the H1 Hourly Chart. The downside potential for this binary put option is 80 pips to 0.7000 while the upside potential is 40 pips to 0.7120. This results in a risk/reward ratio of 2.00.

Today’s Commodity Trade

SilverSilver has stabilized after reversing the previous breakout above its horizontal support level. The 50 DMA is drifting lower and continues to trade below the 200 DMA which moving to the downside as well. The AC favors more upside as a positive divergence emerged and the RSI is trading in oversold conditions following advance from extreme oversold territory; a move into overbought levels is anticipated.
Silver Commodity Price
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level and below of its 200 DMA. Silver is expected to complete a breakout above its 200 DMA from where more upside is anticipated. Binary option traders are advised to seek binary call options in Silver on dips below 14.000 on the H1 Hourly Chart. The upside potential for this binary call option is 40 pips to 14.400 while the downside potential is 15 pips to 13.850. This results in a risk/reward ratio of 2.67.

Today’s Equity Index Recommendation

DAX 30 – The DAX 30 is exposed to a momentum change from positive to negative following the breakdown below its horizontal resistance level. The descending 50 DMA is closing in on the sideways trending 200 DMA. The AC shows the contraction in upside momentum. The RSI is trading in extreme oversold territory after reversing from extreme overbought conditions. Binary options strategies that work favor more downside potential.
DAX 30 Equity Index
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The DAX 30 is anticipated to collapse back down into its horizontal support level. Binary option traders are advised to seek binary put options in the DAX 30 equity index on rallies above 11,070.00 on the H1 Hourly Chart. The downside potential for this binary put option is 58,000 pips to 10,490.00 while the upside potential is 23,000 pips to 11,300.00. This results in a risk/reward ratio of 2.52.

Key Fundamental Data:

Japan – Japanese bond traders sold ¥156.7 billion worth of foreign bonds in the week ending November 27th 2015 as equity trades purchased ¥52.9 billion worth of foreign stocks. This followed the downward revised addition of ¥409.0 billion worth of foreign bonds and the downward revised purchase of ¥341.7 billion worth of foreign stocks which was reported in the week ending November 20th 2015.
Japan – The Nikkei Composite PMI for November was reported at 52.3 and the Nikkei Services PMI came in at 51.6 after the previous month’s reading of 52.3 and 52.2 respectively.
China – The Caixin Composite PMI as well as the Caixin Services PMI for the month of November was released and showed a level of 50.5 and 51.2 following October’s reading of 49.9 and 52.0.
Eurozone – Economists anticipate the final revision to the November Eurozone Composite PMI as well as the Eurozone Services PMI to confirm the initially reported level of 54.4 and 54.6. The two biggest contributors to the data, France and Germany, are also favored to show no change in their data from 51.3 and 51.3 out of France and from 54.9 and 55.6 out of Germany respectively.
Eurozone – Expectations for October retail sales favor an increase of 0.2% month-over-month and 2.7% year-over-year. This would represent a reversal over the 0.1% contraction reported in September month-over-month, but a slowdown over the 2.9% rise year-over-year.
Eurozone – The European Central Bank (ECB) is expected to keep its interest rate at on hold at 0.05% and its marginal lending facility unchanged at 0.30%. The deposit facility rate is anticipated to be cut down to a level of -0.30% from the current rate of -0.20%. The press conference which will be held by ECB President Mario Draghi 45 minutes after the announcement is expected to provide insights on the future of quantitative easing which is likely to be adjusted.
United States – The following Federal Reserve officials will give a speech during today’s trading session: Loretta Mester, President of the Federal Reserve Bank of Cleveland will give opening remarks at the Financial Stability Conference; Janet Yellen, Federal Reserve Chairwoman, will testify before the Congressional Economic Joint Committee and Stanley Fisher, Vice Chairman of the Federal Reserve, will also speak at the Financial Stability Conference.
United States – Initial jobless claims for the week ending November 29th 2015 are set to rise by 10,000 to 270,000 from the previous week’s level of 260,000. Continuing claims for the week ending November 22nd 2015 are anticipated to decrease by 19,000 to 2,188,000 from the 2,207,000 which was reported in the preceding week.
United States – Expectations for October factory orders call for an increase of 1.4% while factory orders excluding transportation are favored to rise by 0.3% following September’s contraction of 1.0% and 0.6% respectively.
United States – Economists anticipate the ISM Non-Manufacturing Report for the month of November to decrease to a level of 58.0 after being reported at 59.1 during the previous month.

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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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