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BINARY OPTIONS INSIGHTS FOR DECEMBER 7TH 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 7th, 2015 08:05am GMT, London UK

Market Recap & Outlook:

The November Eurozone Retail PMI dropped to 48.5 which represented a contraction in the retail sector from October’s level of 51.3. The German Retail PMI was reported at 49.6 and the French Retail PMI clocked in at 47.8. This marked a slowdown over the previous month’s reading of 52.4 and 51.9 respectively. The Italian PMI decreased further into contractionary territory to 47.7 in November from October’s level of 48.8.

The United States released its October trade balance which showed a deficit of $43.89 billion. Economists anticipated a smaller trade deficit of $40.50 billion. Adding to the deficit was the upward revised deficit for the month of September to $42.45 billion. This added to the rise in downside pressure for the US currency. Forex binary options brokers favor a minor counter-trend move in the US Dollar at the start of this trading week.

The preliminary Leading Index and Coincident Index for October out of Japan are called in at 102.0 and 112.5 respectively after being reported at 101.6 and 112.3 in the previous report. Earlier in the Asian trading session, Foreign Exchange Reserves for Japan were reported at $1,233.0 billion for November after being reported at $1,244.2 billion in October. The Japanese Yen is set to partially recover the losses from Friday’s trading session.

Today’s Binary Option Trading Recommendations Overview:

EUR/JPY – Binary Put Option
GBP/USD – Binary Put Option
EUR/GBP – Binary Put Option
Platinum – Binary Put Option
CAC 40 – Binary Call Option

Currency Pairs on today’s Radar Screen:

EUR/JPY – The EUR/JPY entered a sideways trend after a successful breakdown below its horizontal resistance level. The 50 Day Moving Average (DMA) is accelerating to the upside and increasing the distance to the 200 DMA which is ascending at a slower pace. The Accelerator Oscillator (AC) points towards the collapse in upside momentum. The Relative Strength Index (RSI) is trading in neutral conditions after reversing from extreme overbought territory.
EUR/JPY Binary Options Insights
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level. The EUR/JPY is expected to push below its 50 DMA from where more downside is favored. Binary option traders are advised to seek binary put options in the EUR/JPY currency pair on rallies above 133.700 on the H1 Hourly Chart. The downside potential for this binary put option is 400 pips to 129.700 while the upside potential is 90 pips to 134.600. This results in a risk/reward ratio of 4.44.

GBP/USD – The GBP/USD reversed direction after recording its most recent intra-day high of 1.5159 on December 3rd 2015. The ascending 50 DMA completed a positive crossover above the 200 DMA which is drifting sideways with a negative bias. The AC indicates a build-up in negative pressure while the RSI is trading in neutral territory as a result of the breakdown below extreme overbought conditions which further increased downside momentum.
GBP/USD Currency Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level, but above of its 200 DMA. The GBP/USD is anticipated to reverse down into its horizontal support level. Binary option traders are advised to seek binary put options in the GBP/USD currency pair on rallies above 1.5080 on the H1 Hourly Chart. The downside potential for this binary put option is 185 pips to 1.4895 while the upside potential is 80 pips to 1.5160. This results in a risk/reward ratio of 2.31.

EUR/GBP – The EUR/GBP has forced a momentum change from positive to negative as a result of the collapse from its horizontal resistance level. The 50 DMA is advancing and maintains its positions above the ascending 200 DMA. The AC suggests a price action reversal due to the accumulation in downside pressure as the RSI is trading in neutral conditions following the move lower from extreme overbought territory.
EUR/GBP Trade Now the Euro
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level with an increase in negative momentum. The EUR/GBP is expected to accelerate to the downside. Binary option traders are advised to seek binary put options in the EUR/GBP currency pair on rallies above 0.7175 on the H1 Hourly Chart. The downside potential for this binary put option is 175 pips to 0.7000 while the upside potential is 75 pips to 0.7250. This results in a risk/reward ratio of 2.33.

Today’s Commodity Trade

PlatinumPlatinum lost positive momentum after a directional change emerged from its intra-day high of 886.0 which was reached on December 4th 2015. The ascending 50 DMA was able to cross above the ascending 200 DMA. The AC shows the rise in negative pressure and the RSI is trading in extreme overbought territory from where a breakdown is favored to provide an additional boost to downside momentum.
Platinum Commodity Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level. Platinum is anticipated to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in Platinum on rallies above 875.0 on the H1 Hourly Chart. The downside potential for this binary put option is 5,050 pips to 824.5 while the upside potential is 1,100 pips to 886.0. This results in a risk/reward ratio of 4.59.

Today’s Equity Index Recommendation

CAC 40 – The CAC 40 ended its move to the downside with a breakout above its horizontal support level. The 50 DMA is descending and completed a negative crossover below the 200 DMA which drifting to the downside. The AC favors an extension of the breakout in this equity index. The RSI is trading in neutral conditions as a result of the bounce higher from extreme oversold territory. A free binary options demo account is often the first step for new traders.
CAC 40 Equity Index Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level while upside pressure is on the rise. The CAC 40 is expected to move to the upside until it can challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in the CAC 40 equity index on dips below 4,785.0 on the H1 Hourly Chart. The upside potential for this binary call option is 19,000 pips to 4,975.0 while the downside potential is 9,500 pips to 4,690.0. This results in a risk/reward ratio of 2.00.

Key Fundamental Data:

Eurozone – Economists anticipate German industrial production for October to increase by 0.5% month-over-month and 1.4% year-over-year. This would partially reverse September’s contraction of 0.2% month-over-month and mark an increase over the 0.2% advance year-over-year.
Denmark – Industrial production for October is favored to rise by 0.3% month-over-month and 2.5% year-over-year after posting a contraction of 1.7% and an increase of 2.3% in the previous month respectively.
Norway – Expectations for November industrial production call for an increase of 0.9% month-over-month and 2.2% year-over-year following October’s rise of 1.6% and 2.0%. Manufacturing production is set to decrease by 1.5% which would represent a slowdown in the rate of contraction over the previous month’s drop of 3.5%.
Eurozone – The Eurozone Sentix Investor Confidence Index for December is expected to increase to 16.0, up 0.9 points from November’s reading of 15.1.
Eurozone – Economists anticipate Irish consumer confidence for November to rise by 0.2 points to 101.5 from the 101.3 released in the previous month.
United States – Expectations for the United Stated Federal Reserve Labor Market Conditions Index call for a level of 1.8 in November following October’s reading of 1.6.
United States – Consumer credit for October is set to clock in at $17.500 billion. This would represent a sharp slowdown over the previous month’s level of $28.918 billion.

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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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