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BINARY OPTIONS INSIGHTS FOR DECEMBER 9TH 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 9th, 2015 08:25am GMT, London UK

Market Recap & Outlook:

Japan released its Eco-Watchers Survey Current Index as well as its Eco-Watchers Survey Outlook Index for the month of November which clocked in at 46.1 and 48.2 respectively. Economists anticipated a reading of 48.5 and 49.1. This represented a decrease of 2.1 points over the previous month’s level of 48.2 for the Eco-Watchers Survey Current Index and a drop of 0.9 points over the Eco-Watchers Survey Outlook Index of 49.2.

The preliminary third-quarter GDP out of the Eurozone confirmed the previously released growth rate of 0.3% quarter-over-quarter and 1.6% year-over-year which matched consensus estimates. Household consumption rose 0.4% and gross fixed capital was reported at 0.0%. This fell short of expectations for an increase of 0.5% and 0.2% respectively following the downward revised levels of 0.3% and 0.1%. Government expenditure rose by 0.6% or twice the anticipated reading of 0.3% which would have matched expectations.

The Energy Information Agency (EIA) out of the United States will release its weekly inventory report for the week ending December 4th 2015. Expectations call for an increase of 600,000 barrels in crude oil inventories and 654,000 barrels in gasoline inventories. This would follow the previous week’s rise of 1,177,000 barrels and 135,000 barrels respectively. Online trading accounts show the rise in call options for crude oil following a sharp move to the downside.

Today’s Binary Option Trading Recommendations Overview:

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

Currency Pairs on today’s Radar Screen:

EUR/USD – The EUR/USD is being guided to the downside by its bearish price channel. The 50 Day Moving Average (DMA) is drifting sideways with a positive bias above the 200 DMA which is advancing. The Accelerator Oscillator (AC) indicates the contraction in positive momentum in this currency pair as the Relative Strength Index (RSI) is trading in overbought territory after reversing from oversold conditions which added to the rise in downside pressure.
EUR/USD Binary Options Insights
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its bearish price channel. The EUR/USD is anticipated to break down into its horizontal support level. Binary option traders are advised to seek binary put options in the EUR/USD currency pair on rallies above 1.0890 on the H1 Hourly Chart. The downside potential for this binary put option is 365 pips to 1.0525 while the upside potential is 90 pips to 1.0980. This results in a risk/reward ratio of 4.06.

USD/JPY – The USD/JPY was able to bounce higher after touching its ascending support level which emerged from its intra-day low of 122.296 recorded on December 3rd 2015. The descending 50 DMA maintains its position above the ascending 200 DMA. The AC shows the build-up in positive pressure while the RSI is trading in oversold conditions as a result of the move lower from extreme overbought territory.
USD/JPY Trading Currencies
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its ascending support level with an increase in upside momentum. The USD/JPY is expected to reverse to the upside. Binary option traders are advised to seek binary call options in the USD/JPY currency pair on dips below 122.850 on the H1 Hourly Chart. The upside potential for this binary call option is 80 pips to 123.650 while the downside potential is 40 pips to 122.450. This results in a risk/reward ratio of 2.00.

GBP/USD – The GBP/USD ended its move to the downside at its ascending support level which resulted in a change of momentum from negative to positive. The 50 DMA is descending and crossed below the 200 DMA which is moving to the downside as well. The AC points towards the accumulation in positive momentum. The RSI is trading in neutral territory following the spike higher from extreme oversold conditions.
GBP/USD Trading Guide
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its ascending support level, but below of its 200 DMA. The GBP/USD is anticipated to extend its advance. Binary option traders are advised to seek binary call options in the GBP/USD currency pair on dips below 1.5020 on the H1 Hourly Chart. The upside potential for this binary call option is 140 pips to 1.5160 while the downside potential is 65 pips to 1.4955. This results in a risk/reward ratio of 2.15.

Today’s Commodity Trade

SilverSilver collapsed from its horizontal resistance level, but started to stabilize below its 200 DMA. The descending 50 DMA continues to trade above the sideways drifting 200 DMA. The AC favors a price action reversal in this precious metal due to the build-up in upside pressure. The RSI is trading in oversold conditions after descending from extreme overbought territory; an advance into extreme overbought levels is anticipated.
Silver Commodity Price
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading just below of its 200 DMA as positive momentum is on the rise. Silver is expected to accelerate back into its horizontal resistance level. Binary option traders are advised to seek binary call options in Silver on dips below 14.200 on the H1 Hourly Chart. The upside potential for this binary call option is 45 pips to 14.650 while the downside potential is 20 pips to 14.000. This results in a risk/reward ratio of 2.25.

Today’s Equity Index Recommendation

DAX 30 – The DAX 30 reversed the breakout above its horizontal support level and is now trading back inside of it. The 50 DMA is moving lower after crossing below the 200 DMA which is drifting sideways with a negative bias. The AC suggests an advance as positive momentum is increasing and the RSI is trading in oversold territory as a result of the drift lower from neutral conditions. Binary option stocks positions should be hedged with positions in equity index options.
DAX 30 Equity Index
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level. The DAX 30 is anticipated to drift into its 50 DMA from where a breakout is likely to emerge. Binary option traders are advised to seek binary call options in DAX 30 equity index on dips below 10,700.00 on the H1 Hourly Chart. The upside potential for this binary call option is 73,000 pips to 11,430.00 while the downside potential is 21,000 pips to 10,490.00. This results in a risk/reward ratio of 3.48.

Key Fundamental Data:

Japan – Machine orders for October posted a surprise increase of 10.7% month-over-month and of 10.3% year-over-year. This followed September’s increase of 7.5% and contraction of 1.7% respectively. Economists expected a decrease of 1.5% month-over-month and an increase of 0.6% year-over-year.
Japan – Money Stock M2+CD rose 3.3% in November year-over-year while Money Stock M3 increased by 2.7%. Consensus estimates called for a rise of 3.5% and 2.8% after the previous month’s growth rate of 3.7% and 2.9% respectively.
China – The consumer price index (CPI) for November rose by 1.5% year-over-year as the producer price index (PPI) posted a contraction of 5.9% following October’s increase of 1.3% and drop of 5.9% and against consensus estimates for a rise of 1.4% and a decrease of 5.9%.
Eurozone – Economists anticipate the October trade surplus out of Germany to clock in at €21.7 billion and the current account surplus is called in at €23.7 billion. This would represent a minor decrease over the previous month’s twin surplus of €22.8 billion and €25.1 billion respectively. Exports are favored to decrease by 0.6% and imports are called down by 1.0% after rising by 2.6% and 3.8% in September.
Eurozone – The Austrian trade deficit for October is called in at €103.8 million, down from the previous month’s deficit of €349.6 million.
United States – Expectations for the Mortgage Bankers Association (MBA) mortgage applications favor an increase of 0.5% for the week ending December 4th 2015. This would reverse the previous week’s contraction of 0.2%.
United States – Consensus estimates for wholesale inventories and wholesale trade sales call for an increase of 0.1% and 0.2% in October respectively following September’s rise of 0.5% and 0.5%.

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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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