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BINARY OPTIONS INSIGHTS FOR DECEMBER 4TH 2015

BitCoin/CNY 6263.480 23:00 17.01
NZD/JPY 81.341 23:00 17.01
AUD/USD 0.75578 23:00 17.01
AUD/JPY 85.251 23:00 17.01
EUR/JPY 120.804 23:00 17.01
USD/JPY 112.794 23:00 17.01
EUR/USD 1.07108 23:00 17.01
AUD/NZD 1.04809 23:00 17.01
NZD/USD 0.72115 23:00 17.01
CAD/JPY 86.467 23:00 17.01
GBP/JPY 139.897 23:00 17.01
BitCoin/CNY 6264.060 22:30 17.01
NZD/JPY 81.294 22:30 17.01
AUD/USD 0.75594 22:30 17.01
AUD/JPY 85.194 22:30 17.01
EUR/JPY 120.721 22:30 17.01
EUR/USD 1.07112 22:30 17.01
USD/JPY 112.707 22:30 17.01
BitCoin/CNY 6191.350 22:00 17.01
AUD/NZD 1.04843 22:00 17.01
NZD/USD 0.72165 22:00 17.01
CAD/JPY 86.347 22:00 17.01
NZD/JPY 81.262 22:00 17.01
AUD/USD 0.75675 22:00 17.01
AUD/JPY 85.208 22:00 17.01
GBP/JPY 139.822 22:00 17.01
EUR/JPY 120.657 22:00 17.01
USD/JPY 112.621 22:00 17.01
EUR/USD 1.07137 22:00 17.01
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By: Adam Stone
December 4th, 2015 07:41am GMT, London UK

Market Recap & Outlook:

The Markit/CIPS Composite PMI and the Markit/CIPS Services PMI out of the United Kingdom for the month of November came in better than expected with a reading of 55.8 and 55.9 respectively. Economists expected a level of 55.0 and 55.0 which would have represented a decrease over the previous month’s level of 55.4 for the Markit/CIPS Composite PMI and an increase over the 54.9 for the Markit/CIPS Services PMI.

The European Central Bank (ECB) kept its benchmark interest rate as well as its marginal lending facility rate unchanged at 0.05% and 0.30% respectively which matched consensus estimates. The deposit facility rate was cut by 0.10% to -0.30% from the previous level of -0.20% which was expected as well. ECB President Mario Draghi did not deliver a massive stimulus package which market participants were hoping for and disappointed global financial markets. This resulted in a surge of volatility on the back of high volume across the board.

Switzerland is set to release its consumer price index (CPI) for November which is expected to come in at 0.0% month-over-month and at a contraction of 1.3% year-over-year. This would represent a slowdown over October’s increase of 0.1% month-over-month and a decrease in the rate of contraction over the 1.4% drop year-over-year. The Swiss Franc could come under pressure following the release of this report. How to day trade options? By opening and funding your live trading account at GOptions.

Today’s Binary Option Trading Recommendations Overview:

AUD/USD – Binary Put Option
GBP/JPY – Binary Put Option
EUR/CHF – Binary Call Option
Gold – Binary Call Option
NASDAQ 100 – Binary Call Option

Currency Pairs on today’s Radar Screen:

AUD/USD – The AUD/USD violated its uptrend with a breakdown below its horizontal resistance level which resulted in a momentum shift to negative. The 50 Day Moving Average (DMA) started to flatten out above the 200 DMA which is advancing. The Accelerator Oscillator (AC) confirms the breakdown with a build-up in negative pressure and the Relative Strength Index (RSI) is trading in neutral territory as a result of the collapse from extreme overbought conditions.
AUD/USD Binary Options Insights
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level, but above of its 50 DMA. The AUD/USD is anticipated to extend its breakdown until it will reach its horizontal support level. Binary option traders are advised to seek binary put options in the AUD/USD currency pair on rallies above 0.7320 on the H1 Hourly Chart. The downside potential for this binary put option is 150 pips to 0.7170 while the upside potential is 40 pips to 0.7360. This results in a risk/reward ratio of 3.75.

GBP/JPY – The GBP/JPY spiked into its descending resistance level which emerged from its intra-day high of 186.020 reached on December 1st 2015. The ascending 50 DMA continues to trade below the sideways trending 200 DMA. The AC shows the retreat in upside pressure from its peak. The RSI is trading in overbought conditions following the reversal from extreme overbought territory which added to the rise in negative momentum.
GBP/JPY Currency Pair Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its descending resistance level. The GBP/JPY is expected to drop back into its horizontal support level. Binary option traders are advised to seek binary put options in the GBP/JPY currency pair on rallies above 185.350 on the H1 Hourly Chart. The downside potential for this binary put option is 135 pips to 184.000 while the upside potential is 65 pips to 186.000. This results in a risk/reward ratio of 2.08.

EUR/CHF – The EUR/CHF started to reverse after recording its most recent intra-day high of 1.0940 yesterday on December 3rd 2015. The 50 DMA is moving to the downside and was able to cross below the 200 DMA which is drifting higher. The AC points towards a build-up in positive momentum while the RSI is trading in neutral territory after moving lower from extreme overbought conditions; an advance back into overbought levels is expected.
EUR/CHF Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level while positive pressure is on the rise. The EUR/CHF is anticipated to spike back into its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/CHF currency pair on dips below 1.0850 on the H1 Hourly Chart. The upside potential for this binary call option is 90 pips to 1.0940 while the downside potential is 35 pips to 1.0815. This results in a risk/reward ratio of 2.57.

Today’s Commodity Trade

GoldGold was able to force a momentum change from negative to positive with a successful breakout above its horizontal support level. The descending 50 DMA maintains its position below the descending 200 DMA. The AC suggests a continuation of the breakout for this precious metal. The RSI is trading in neutral conditions as a result of the drift lower from overbought territory. An option trading platform needs to have a wide range of assets in order to offer diversity to traders.
Gold Binary Trading Guide
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support. Gold is expected to accelerate to the upside until it can test the strength of its horizontal resistance level. Binary option traders are advised to seek binary call options in Gold on dips below 1,063.00 on the H1 Hourly Chart. The upside potential for this binary call option is 1,800 pips to 1,081.00 while the downside potential is 1,000 pips to 1,053.00. This results in a risk/reward ratio of 1.80.

Today’s Equity Index Recommendation

NASDAQ 100 – The NASDAQ 100 was able to bounce to the upside after collapsing to an intra-day low of 4,578.00 which was recorded yesterday on December 3rd 2015 which reversed momentum to positive. The 50 DMA is moving lower and closing in on the 200 DMA which is descending as well. The AC indicates the accumulation in positive momentum as the RSI is trading in oversold territory following the breakout from extreme oversold conditions.
NASDAQ 100 Equity Index
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level as upside pressure is increasing. The NASDAQ 100 is anticipated to advance into its horizontal resistance level. Binary option traders are advised to seek binary call options in the NASDAQ 100 equity index on dips below 4,630.00 on the H1 Hourly Chart. The upside potential for this binary call option is 11,000 pips to 4,740.00 while the downside potential is 5,000 pips to 4,580.00. This results in a risk/reward ratio of 2.20.

Key Fundamental Data:

Australia – Retail sales for the month of October rose by 0.5%. Expectations called for an increase of 0.4% which would have matched the growth rate reported in the previous month.
Japan – Labor cash earnings rose by 0.7% in October year-over-year as real cash earnings increased by 0.4% following September’s rise of 0.4% and 0.3% respectively.
Japan – Expectations for November consumer confidence call for a level of 41.7, up 0.2 points from the previous month’s level of 41.5.
Russia – Economists anticipate the Markit Manufacturing PMI for the month of December to drop into contractionary territory with a reading of 49.4, down 0.7 points from November’s level of 50.1.
Eurozone – The final third-quarter gross domestic product (GDP) out of Finland is set to confirm the previously released contraction of 0.6% quarter-over-quarter, but to show an upward revision to a contraction of 0.8% year-over-year.
Eurozone – Expectations for German factory orders call for an increase of 1.2% month-over-month and a contraction of 2.5% year-over-year following the drop of 1.7% and 1.0% which were reported in the previous month.
Eurozone – Industrial production out of Spain is favored to rise by 3.6% in October year-over-year after posting an increase of 3.8% in September.
Eurozone – Economists anticipate the Retail PMI for the month of November to come in at 51.6. This would represent an increase over October’s level of 51.3.
United States – Expectations for the November non-farm payroll (NFP) report call for the addition of 200,000 jobs and an unemployment rate of 5.0%. This would mark a slowdown over October’s 271,000 job additions, but match the unemployment rate of 5.0%. The labor force participation rate is also set to remain unchanged at 62.4%. Private payrolls are favored to rise by 190,000 following the previous month’s level of 268,000. Average hourly earnings are anticipated to increase by 0.2% month-over-month and by 2.3% year-over-year which would represent a slowdown over October’s rise of 0.4% and 2.5% respectively. The average hourly workweek is expected to remain unchanged at 34.5 hours.
United States – The October trade balance is anticipated to show a deficit of $40.50 billion after posting a deficit of $40.81 billion in September.

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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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